News headlines about Pure Storage (NYSE:PSTG) have trended positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pure Storage earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9267671758131 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Brokerages Expect Pure Storage Inc (PSTG) to Announce $0.07 Earnings Per Share (americanbankingnews.com)
- Pure Storage Inc (PSTG) CFO Timothy Riitters Sells 11,749 Shares (americanbankingnews.com)
- Pure Storage, Inc. (PSTG) – Watch List Tech Stock – Nasdaq Fortune (press release) (nasdaqfortune.com)
- ETFs with exposure to Pure Storage, Inc. : December 13, 2017 (finance.yahoo.com)
- Pure Storage, Inc. :PSTG-US: Earnings Analysis: Q3, 2018 By the Numbers : December 12, 2017 (finance.yahoo.com)
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Pure Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Lake Street Capital set a $21.00 target price on shares of Pure Storage and gave the stock a “buy” rating in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Maxim Group reiterated a “hold” rating and issued a $20.00 target price (up previously from $15.00) on shares of Pure Storage in a research note on Wednesday, November 29th. KeyCorp reiterated a “buy” rating and issued a $24.00 target price on shares of Pure Storage in a research note on Wednesday, November 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $16.00 target price (up previously from $15.00) on shares of Pure Storage in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pure Storage currently has a consensus rating of “Buy” and a consensus target price of $18.55.
Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Pure Storage had a negative net margin of 22.86% and a negative return on equity of 44.96%. The business had revenue of $277.70 million for the quarter, compared to the consensus estimate of $272.07 million. During the same period last year, the firm earned ($0.10) earnings per share. The company’s quarterly revenue was up 41.0% on a year-over-year basis. equities analysts expect that Pure Storage will post -0.93 EPS for the current year.
In other Pure Storage news, Director Scott Dietzen sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $17.22, for a total value of $3,444,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy Riitters sold 11,749 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $16.74, for a total transaction of $196,678.26. The disclosure for this sale can be found here. Insiders sold 549,184 shares of company stock worth $9,305,703 over the last quarter. Insiders own 46.58% of the company’s stock.
Pure Storage Company Profile
Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.
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