News articles 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 twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pure Storage earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 44.7326552949445 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
A number of analysts have recently issued reports on PSTG shares. BidaskClub upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $14.00 target price on shares of Pure Storage in a report on Thursday, May 25th. Vetr upgraded shares of Pure Storage from a “buy” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Tuesday, May 30th. ValuEngine upgraded shares of Pure Storage from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $16.00 target price on shares of Pure Storage in a report on Wednesday, June 14th. 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 issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $15.61.
Pure Storage (PSTG) opened at 14.68 on Friday. The firm has a 50 day moving average of $13.49 and a 200 day moving average of $12.05. The firm’s market cap is $3.10 billion. Pure Storage has a 1-year low of $9.12 and a 1-year high of $15.14.
Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Thursday, August 24th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.20. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. The company had revenue of $224.50 million during the quarter, compared to analyst estimates of $217.97 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts expect that Pure Storage will post ($0.21) EPS for the current year.
In other news, CFO Timothy Riitters sold 10,248 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $12.81, for a total value of $131,276.88. Following the completion of the sale, the chief financial officer now owns 227,200 shares of the company’s stock, valued at $2,910,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michelangelo Volpi sold 412,514 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $13.02, for a total transaction of $5,370,932.28. The disclosure for this sale can be found here. Insiders sold 923,160 shares of company stock valued at $12,245,513 in the last three months. Company insiders own 46.58% of the company’s stock.
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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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