Pure Storage (PSTG) jumps 8% on Q4 beat, better-than-feared guide
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Go back to Pure Storage (PSTG) jumps 8% on Q4 beat, better-than-feared guide
February 29, 2024 5:53 AM EST
Guggenheim 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
February 28, 2024 4:14 PM EST
Pure Storage, Inc. (NYSE: PSTG) reported Q4 EPS of $0.50, $0.06 better than the analyst estimate of $0.44. Revenue for the quarter came in at $789.8 million versus the consensus estimate of $784.21 million.
GUIDANCE:
Pure Storage, Inc. sees Q1 2025 revenue of $680 million, versus the... More
