News coverage about Pure Storage (NYSE:PSTG) has trended positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pure Storage earned a daily sentiment score of 0.30 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.6235254940786 out of 100, meaning 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 news articles that may have effected Accern Sentiment’s scoring:
PSTG has been the topic of a number of research reports. Vetr lowered shares of Pure Storage from a “strong-buy” rating to a “buy” rating and set a $21.96 target price on the stock. in a research report on Monday, January 29th. ValuEngine raised shares of Pure Storage from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Goldman Sachs initiated coverage on shares of Pure Storage in a research report on Wednesday, February 7th. They set a “sell” rating and a $16.00 target price on the stock. Piper Jaffray initiated coverage on shares of Pure Storage in a research report on Thursday, February 22nd. They set an “overweight” rating and a $26.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 target price on shares of Pure Storage in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.72.
Shares of Pure Storage opened at $23.67 on Friday, MarketBeat.com reports. Pure Storage has a 52-week low of $9.81 and a 52-week high of $24.13.
Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Thursday, March 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The firm had revenue of $338.30 million for the quarter, compared to analyst estimates of $331.80 million. Pure Storage had a negative net margin of 17.36% and a negative return on equity of 37.84%. The business’s revenue for the quarter was up 48.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. sell-side analysts expect that Pure Storage will post -0.75 EPS for the current year.
In other news, Director Scott Dietzen sold 125,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.37, for a total value of $2,671,250.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President David Hatfield sold 200,000 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $20.15, for a total transaction of $4,030,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,007,243 shares of company stock worth $20,874,550 in the last three months. Insiders own 15.30% of the company’s stock.
Pure Storage Company Profile
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.
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