Pure Storage, Inc. (PSTG): Benefiting From The Move Towards Flash - Needham

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UBS Reiterates Buy on Pure Storage, Inc. (PSTG) Following 2Q Report

August 26, 2016 9:11 AM EDT

UBS reiterated a Buy rating and $16.00 price target on Pure Storage (NYSE: PSTG) following the company's 2Q earnings report. PSTG reported a revenue beat of $163mn vs the Street's $155mn estimate.

Analyst Steven Milunovich commented, "Despite concern about the quarter that sent... More