Pure Storage Announces First Quarter Fiscal 2020 Financial Results
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Pure Storage (PSTG) PT Lowered to $28 at Cowen
May 22, 2019 7:51 AM EDTCowen analyst Karl Ackerman lowered the price target on Pure Storage (NYSE: PSTG) to $28.00 (from $30.00) while maintaining an Outperform rating. A weak storage and compute spending backdrop is evident, though Ackerman does think the full-year outlook is heavily derisked.
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Pure Storage, Inc. (PSTG) Misses Q1 EPS by 4c, Revenues Miss; Offers Q2 & FY20 Revenue Mid-Point Guidance Below Consensus
May 21, 2019 4:11 PM EDTPure Storage, Inc. (NYSE: PSTG) reported Q1 EPS of ($0.11), $0.04 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $326.7 million versus the consensus estimate of $333.16 million.
"Pure continues to gain market share with innovation, a differentiated business model and our laser focus on customer delight," said Charles Giancarlo, Chairman and CEO, Pure Storage. "As enterprises embark on their hybrid cloud journeys, Pure is excited to play a role in... More
