Media headlines about Pure Storage (NYSE:PSTG) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pure Storage earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.2467909052157 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Analyzing Pure Storage (PSTG) & Nimble Storage (NMBL) (americanbankingnews.com)
- NetApp Drops 6%: Success with Big Flash Sales Doesn’t Dispel Competitive Concerns – Barron’s (barrons.com)
- Company In The Limelight: Pure Storage Inc (PSTG) – Bulletin News (orobulletin.com)
- See what the IHS Markit Score report has to say about Pure Storage Inc. (finance.yahoo.com)
- Pure Storage, Inc. (PSTG) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
Shares of Pure Storage (PSTG) opened at 12.49 on Friday. Pure Storage has a 12-month low of $9.12 and a 12-month high of $15.14. The company has a 50-day moving average of $12.89 and a 200-day moving average of $11.68. The stock’s market capitalization is $2.61 billion.
Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, May 24th. The technology company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.08. Pure Storage had a negative return on equity of 44.04% and a negative net margin of 31.62%. The company had revenue of $182.60 million for the quarter, compared to the consensus estimate of $176.13 million. During the same quarter last year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. Equities analysts expect that Pure Storage will post ($0.27) earnings per share for the current fiscal year.
Several analysts recently commented on PSTG shares. J P Morgan Chase & Co raised their price objective on shares of Pure Storage from $10.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Morgan Stanley cut shares of Pure Storage from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $17.00 to $12.00 in a research report on Thursday, May 18th. JMP Securities set a $16.00 target price on shares of Pure Storage and gave the stock a “buy” rating in a research report on Friday, May 26th. BidaskClub upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Pure Storage from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pure Storage presently has an average rating of “Buy” and a consensus target price of $15.39.
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In related news, Director Michelangelo Volpi sold 1,425,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $13.15, for a total value of $18,738,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy Riitters sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $13.12, for a total value of $65,600.00. Following the completion of the transaction, the chief financial officer now directly owns 245,703 shares of the company’s stock, valued at $3,223,623.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,312,246 shares of company stock worth $30,410,081. 46.58% of the stock is currently owned by corporate insiders.
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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