|Bid||16.99 x 2900|
|Ask||18.25 x 800|
|Day's Range||16.99 - 17.36|
|52 Week Range||15.81 - 29.14|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.95|
Shares of storage company Pure Storage (PSTG) fell 5.9% to close trading at $17.41 on December 7. Pure Storage has generated returns of -8% this month and -33% since the start of October.
Shares of Pure Storage (PSTG) fell from $20.18 at the start of November to $16.91 on November 21. Pure Storage shares have now gained 20% in 2018. PSTG’s sales rose 132% from $440 million in fiscal 2016 to $1.03 billion in fiscal 2018.
Shares of ServiceNow fell from $181.04 at the start of November to $156.80 on November 19. ServiceNow stock has risen 44% in 2018. Analysts expect ServiceNow’s sales to rise 35% YoY (year-over-year) to $2.61 billion in 2018, 29% YoY to $3.37 billion in 2019, and 27% YoY to $4.28 billion in 2020.
MOUNTAIN VIEW, Calif., Dec. 4, 2018 /PRNewswire/ -- Pure Storage (PSTG), the all-flash storage leader that helps innovators build a better world with data, today announced the appointment of Cathleen "Cathy" Southwick as Chief Information Officer. In her new role, Southwick will lead global IT and be responsible for advancing the company's operations through delivery of next-generation technology capabilities and systems that align with Pure's strategy. This background closely aligns to Pure's core tenets of innovation and growth," said Charles Giancarlo, Chairman and CEO, Pure Storage.
Short interest is extremely low for PSTG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PSTG. Over the last month, ETFs holding PSTG are favorable, with net inflows of $2.54 billion.
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Short interest is extremely low for PSTG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PSTG. The net inflows of $366 million over the last one-month into ETFs that hold PSTG are not among the highest of the last year and have been slowing.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Pure Storage (PSTG).
Pure Storage (PSTG) was listed on the stock exchange in late 2015. The stock fell 17% in 2016 and rose 42% in 2017. Since the start of 2018, it’s risen ~6.6%. Pure Storage shares were up 54% between January and August this year.
In the previous part of this series, we looked at analyst estimates for Pure Storage’s (PSTG) revenue and earnings growth over the next few years. Pure Storage’s revenue is expected to rise almost 5x from $440 million in fiscal 2016 to $2.11 billion in fiscal 2021. The expected operating leverage for Pure Storage in fiscal 2019 is high, at 8.27x.
Analysts expect Pure Storage’s (PSTG) revenue to rise 31.2% in the fourth quarter of fiscal 2019, which would result in revenue growth of 35% year-over-year in fiscal 2019. Pure Storage’s estimated 2019 revenue stands at $1.37 billion.
In the previous part of this series, we saw that Pure Storage reported record revenue of $372.8 million in the third quarter of fiscal 2019. Pure Storage focuses on the enterprise, cloud, and public-sector verticals, which have driven its revenue growth. The company gained traction in the Fortune 500 space, and 40% of these firms are now Pure Storage customers.
Flash storage company Pure Storage Inc (NYSE: PSTG) reported third-quarter results Monday and announced a new suite of cloud offerings. Bank of America Merrill Lynch's Wamsi Mohan maintains a Buy rating on Pure Storage with an unchanged $33 price target. JMP Securities' Erik Suppiger maintains at Market Outperform, unchanged $26 price target.
High-growth stocks including ServiceNow (NOW), Splunk (SPLK), Pure Storage (PSTG), and Square (SQ) performed spectacularly in the first half of 2018. ServiceNow rose 56% between January and September. However, the stock has declined 20% since the beginning of October and 13.4% in November.
Pure Storage (PSTG) benefits from robust business fundamentals, strong FlashBlade implementation, higher adoption of new products and strong go-to-market strategies.
Pure Storage (PSTG) delivered earnings and revenue surprises of 44.44% and 1.69%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?
Pure Storage Inc. shares rose in the extended session Monday after the flash-based data-storage company's results topped Wall Street estimates. Pure Storage shares surged 7% after hours, following a 8.3% drop to close the regular session at $17.53. The company reported a third-quarter loss of $28.2 million, or 12 cents a share, compared with a loss of $29.4 million, or 14 cents a share, in the year-ago period. Adjusted earnings were 13 cents a share. Revenue rose to $372.8 million from $277.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 9 cents a share on revenue of $367.4 million. Pure Storage expects revenue of $438 million to $446 million for the fourth quarter, while analysts expect $440.6 million.
The Mountain View, California-based company said it had a loss of 12 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 13 cents per share. The results exceeded ...