Now, the FactSet Research estimate calls for Q3 2017 earnings of US$-0.03. The highest EPS estimate is ($0.01) and the lowest is ($0.05). Evercore initiated Pure Storage Inc (NYSE:PSTG) rating on Monday, November 2. Pure Storage's revenue was up 37.6% on a year-over-year basis. sell-side analysts forecast that Pure Storage will post -0.97 EPS for the current year.
Pure Storage (NYSE:PSTG) last released its earnings results on Thursday, August 24th. The technology company reported ($0.11) EPS for the quarter, topping the Zacks' consensus estimate of ($0.31) by $0.20. The firm earned $197 million during the quarter, compared to analyst estimates of $192.36 million. The firm's quarterly revenue was up 37.6% compared to the same quarter previous year. (PSTG) - averaging the work of different analysts - reveals a mean PT of $17.22/share. Raymond James initiated Pure Storage Inc (NYSE:PSTG) on Monday, November 2 with "Outperform" rating. BidaskClub upgraded Pure Storage from a "sell" rating to a "hold" rating in a report on Tuesday, September 26th. KeyCorp reissued a "buy" rating on shares of Pure Storage in a report on Wednesday, November 1st. Bank of New York Mellon Corp now owns 217,941 shares of the company's stock worth $2,375,000 after buying an additional 127,444 shares in the last quarter. The average investment rating for PSTG on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.50 or a Moderate Buy. The company has an average rating of "Buy" and a consensus price target of $16.36.
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Shooting Victim, Cruiser Theft Suspect Knew One Another
It also called on state police to release its high-speed chase policy, which the agency also did Tuesday. Police said Morgan was able to steal the vehicle, ditching it in Providence.
In other Pure Storage news, President David Hatfield sold 70,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $14.56, for a total value of $72,800.00. Following the completion of the transaction, the president now directly owns 215,190 shares in the company, valued at approximately $3,154,685.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Riitters sold 5,000 shares of the stock in a transaction on Friday, September 8th. A low price-to-sales ratio, typically less than 1.0, is considered a good value. The disclosure for this sale can be found here. In the last three months, insiders sold 242,028 shares of company stock worth $3,773,235.
A number of hedge funds have recently added to or reduced their stakes in the business. Insiders own 46.58% of the company's stock. Renaissance Technologies LLC increased its stake in shares of Pure Storage by 480.2% during the first quarter. UBS Asset Management Americas Inc. now owns 26,500 shares of the technology company's stock worth $260,000 after acquiring an additional 9,100 shares during the period. Vanguard Group Inc. lifted its holdings in Pure Storage by 26.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,284,000 shares of the technology company's stock valued at $12,622,000 after buying an additional 1,062,700 shares during the period. Finally, California State Teachers Retirement System increased its position in Pure Storage by 110.1% in the second quarter. Finally, Marcus Capital LLC increased its stake in shares of Pure Storage by 57.6% during the second quarter. JPMorgan Chase & Co. now owns 69,105 shares of the technology company's stock worth $679,000 after acquiring an additional 24,817 shares during the period. The total number of shares traded in the last 90-day period is 1.26 million. Their 52-Week High and Low are noted here.
Pure Storage, Inc provides an enterprise data storage platform.
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