|Bid||16.08 x 800|
|Ask||16.25 x 4000|
|Day's Range||15.78 - 16.25|
|52 Week Range||13.99 - 29.14|
|Beta (3Y Monthly)||2.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.56|
These Tech Stocks Lost Big on May 22Pure Storage stock fell 25%The stock of hardware storage company Pure Storage (PSTG) fell almost 25% on May 22. The company announced its first-quarter results of fiscal 2020 (year ending in January) on May 21
Executives at the Mountain View-based company lay part of the blame on longer enterprise sales cycles.
Some analysts were concerned about longer sales cycles at Pure Storage. Shares of data center hardware company Pure Storage PSTG plunged 25% Wednesday, a day after the company reported a wider-than-expected loss and lowered its full-year guidance. Pure Chief Financial Officer Tim Riitters told analysts on a conference call on Wednesday that some business intended for the most recent quarter ended up sliding into the next one.
tumbled nearly 20% on Wednesday after the flash-storage producer reported a fiscal first-quarter loss that was wider than analysts' forecasts and cut its full-year earnings guidance. Pure Storage stock was down 19.71%, or $4.06, at $16.54 on the New York Stock Exchange after posting a fiscal first-quarter loss of $100.3 million, or 41 cents a share, vs. a loss of $64.3 million, or 29 cents a share, in the comparable year-earlier quarter. After adjusting for stock-based compensation and other effects, Pure Storage reported a loss of 11 cents a share.
Pure Storage (PSTG) robust adoption of FlashArray & FlashBlade solutions is driving growth. However, stiff competition from peers remains a headwind.
Shares of Nordstrom JWN tanked more than 9% in extended trading after the department store reported first-quarter results that missed on the top and bottom lines. Wall Street had expected earnings of 43 cents per share on revenue of $3.58 billion, according to Refinitiv consensus estimates. Nordstrom also gave disappointing guidance, lowering its full-year earnings guidance to $3.25 per share from an earlier projection of $3.73 per share.
Pure Storage (PSTG) delivered earnings and revenue surprises of -37.50% and -2.14%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
The Mountain View, California-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 11 cents per share. The results fell short ...
Pure Storage Inc. shares tumbled more than 15% in after-hours trading Tuesday, after the flash-storage specialist came up short in a quarterly earnings report and reduced its annual guidance. Pure Storage reported fiscal first-quarter losses of $100.3 million, or 41 cents a share, on sales of $326.7 million, up from $255.9 million a year ago. After adjusting for stock-based compensation and other effects, Pure Storage reported losses of 11 cents a share. Analysts on average expected adjusted losses of 8 cents a share on sales of $333 million, according to FactSet. Pure Storage said that it now expects annual sales of $1.7 billion to $1.77 billion, with a non-GAAP operating margin of 1.5% to 5.5%; previously, the company had projected full-year sales of $1.74 billion to $1.81 billion with an adjusted margin of 3% to 7%. After closing with a 3% gain at $20.60, Pure Storage shares dove lower than $17.50 in immediate late trading following the report.
MOUNTAIN VIEW, Calif. , May 21, 2019 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the data solutions leader that helps innovators build a better world with data, today announced financial results for its ...
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Pure Storage Inc NYSE:PSTGView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for PSTG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PSTG are favorable, with net inflows of $2.23 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
What to Expect from Pure Storage’s Q1 Earnings(Continued from Prior Part)Stock returnsPure Storage (PSTG) stock has been volatile since its IPO in October 2015. Pure Storage stock generated returns of -27% in 2016, ~51% in 2017, and -4.4% in 2018.
What to Expect from Pure Storage’s Q1 Earnings(Continued from Prior Part)Non-GAAP operating profit in fiscal 2019In fiscal 2019, Pure Storage (PSTG) achieved non-GAAP (generally accepted accounting principles) profitability for the first time. In
What to Expect from Pure Storage’s Q1 Earnings(Continued from Prior Part)Robust portfolio of productsPure Storage (PSTG) has been a disruptor in the global storage space. The company provides hybrid cloud offerings, and over 80% of system capacity
What to Expect from Pure Storage’s Q1 EarningsAnalysts expect revenue growth of 30%Pure Storage (PSTG) is set to announce its results for the first quarter of fiscal 2020 (quarter ended in April) on May 21. Wall Street analysts expect Pure Storage
Pure Storage (PSTG) to gain from robust business fundamentals, strong FlashBlade implementation, higher adoption of new products and strong go-to-market strategies.
Pure Storage (PSTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MOUNTAIN VIEW, Calif. , May 2, 2019 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the data solutions leader that helps innovators build a better world with data, today announced it will host a conference ...