Pure Storage Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results
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Pure Storage (PSTG) PT Raised to $54 at Guggenheim, 'Demand Velocity Exiting FY24'
February 29, 2024 5:53 AM ESTGuggenheim analyst Howard Ma raised the price target on Pure Storage (NYSE: PSTG) to $54.00 (from $48.00) while maintaining a Buy rating.
The analyst comments "Going into the earnings print, some investors were concerned that the accelerated opex model transition, coupled with any demand issues potentially implied in the reset FY24/F4Q guidance, would result in initial FY25 revenue guidance for single-digit growth. Instead, as we had previewed, Pure exceeded F4Q... More
Pure Storage (PSTG) jumps 8% on Q4 beat, better-than-feared guide
February 28, 2024 4:35 PM ESTPure Storage (NYSE: PSTG) stock soared 7% in premarket trading Thursday after the tech company delivered solid Q4 results and better-than-feared guidance.
The technology company reported Q4 EPS of $0.50, topping the consensus estimates of $0.44. Revenue for the quarter came in at $789.8 million, also ahead of the expected $784.21 million.
The quarter witnessed a notable 24% increase in subscription services revenue,... More
