Pure Storage Announces First Quarter Fiscal 2021 Financial Results
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Pure Storage (PSTG) PT Raised to $25 at Susquehanna
May 29, 2020 11:00 AM EDTSusquehanna analyst Mehdi Hosseini raised the price target on Pure Storage (NYSE: PSTG) to $25.00 (from $20.00) while maintaining a Positive rating following the company's 1Q earnings report. PSTG reported revenues of $367M up +12.4% Y/Y and down -25.4% Q/Q vs. consensus... More
Pure Storage (PSTG) PT Raised to $21 at Raymond James
May 29, 2020 7:55 AM EDTRaymond James analyst Simon Leopold raised the price target on Pure Storage (NYSE: PSTG) to $21.00 (from $17.50) while maintaining a Outperform rating following the company's 1Q earnings report. Pure Storage reported F1Q21 revenue of $367.1 million, above the Streets $351.4 million and the original forecast for ~$365... More
Pure Storage (PSTG) PT Raised to $22 at BofA Securities Following 1Q Report
May 29, 2020 7:35 AM EDTBofA Securities analyst Wamsi Mohan raised the price target on Pure Storage (NYSE: PSTG) to $22.00 (from $20.00) while maintaining a Buy rating following the company's 1Q earnings report. 1Q revenue at $367mn came in above prior guide, as well as significantly above Street... More
Pure Storage, Inc. (PSTG) Tops Q1 EPS by 13c, Revenues Beat
May 28, 2020 4:04 PM EDTPure Storage, Inc. (NYSE: PSTG) reported Q1 EPS of ($0.02), $0.13 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $367.11 million versus the consensus estimate of $352.26 million.
First Quarter Financial Highlights
Revenue $367.1 million, up 12% year-over-yearSubscription Services revenue $120.2 million, up 37% year-over-yearGAAP gross margin 70.0%; non-GAAP gross margin... More