BMO Capital Reiterates Outperform on Pure Storage, Inc. (PSTG) Following A Strong 4Q

Pure Storage (PSTG) FCF Positive Earlier Than Expected - Raymond James

March 3, 2016 8:45 AM EST

Raymond James analyst, Brian Alexander, is increasingly positive on Pure Storage (NYSE: PSTG) after the company became Free Cash Flow positive earlier than expected. Management pulled forward its goal of sustainable FCF generation to 2H:CY17 (from CY18) but since the FCF upside was driven by revenue upside, positive surprises could continue to bring this date forward. No change to the Outperform rating but the PT drops to $21 from $23 on valuation compression.

Revenue of $150.2... More

After-Hours Stock Movers 03/02: (SMTC) (TSE) (PSTG) Higher; (SUNE) (HABT) (SINA) Lower (more...)

March 2, 2016 6:09 PM EST

Semtech (NASDAQ: SMTC) 12% HIGHER; reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came in at $118.6 million versus the consensus estimate of $116.1 million. GUIDANCE: Semtech sees Q1 2017 EPS of $0.26-$0.30, versus the consensus of $0.24. Semtech sees Q1 2017 revenue of $124-132 million, versus the consensus of $117.57 million.

SunEdison, Inc. (NYSE: SUNE) 10% LOWER; announced that it has suspended payment of quarterly dividends on the Company's 6.75% Series A Perpetual Convertible Preferred Stock. Dividends on... More

Pure Storage, Inc. (PSTG) Tops Q4 EPS by 4c, Sales Beat; Guides Above the Street

March 2, 2016 4:07 PM EST

Pure Storage, Inc. (NYSE: PSTG) reported Q4 EPS of ($0.12), $0.04 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $150.2 million versus the consensus estimate of $138.57 million.

GUIDANCE:

Pure Storage, Inc. sees Q1 2017 revenue of $135-139 million, versus... More

Trading Radar for 3/2: Abercrombie & Fitch (ANF), SINA Corp. (SINA), Analogic (ALOG), Brown-Forman (BF-A) Report

March 1, 2016 3:38 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EST

MBA Mortgage Index - no Street consensus

8:15am EST

ADP Employment Change - Street sees 190k

Earnings:

Abercrombie & Fitch (NYSE: ANF) - consensus EPS $0.99
Almost Family (Nasdaq: AFAM) - consensus EPS $0.55
Brown-Forman (NYSE: BF-A) - consensus EPS $0.94
Diana Shipping (NYSE: DSX) - consensus loss... More