Pure Storage (NYSE:PSTG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, February 28th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.
Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Monday, November 19th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The firm had revenue of $372.80 million for the quarter, compared to the consensus estimate of $367.37 million. Pure Storage had a negative net margin of 12.89% and a negative return on equity of 23.88%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. On average, analysts expect Pure Storage to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
PSTG stock opened at $19.28 on Thursday. Pure Storage has a 1-year low of $13.99 and a 1-year high of $29.14. The stock has a market capitalization of $4.64 billion, a P/E ratio of -22.95 and a beta of 1.66. The company has a quick ratio of 3.52, a current ratio of 3.64 and a debt-to-equity ratio of 0.63.
Several equities analysts recently issued reports on the company. Raymond James cut Pure Storage from an “outperform” rating to a “market perform” rating and set a $18.81 price objective for the company. in a report on Wednesday. Maxim Group restated a “hold” rating and issued a $21.00 target price on shares of Pure Storage in a report on Tuesday, November 20th. Wolfe Research assumed coverage on Pure Storage in a research report on Tuesday, December 11th. They issued an “outperform” rating and a $25.00 price target on the stock. ValuEngine lowered shares of Pure Storage from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $25.00 price target on shares of Pure Storage in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.64.
About Pure Storage
Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.
Further Reading: Net Margin
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