Media coverage about Pure Storage (NYSE:PSTG) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pure Storage earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.3770430188801 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- -$0.12 EPS Expected for Pure Storage (PSTG) This Quarter (americanbankingnews.com)
- Veeam integrates Availability Platform and Pure Storage FlashArray (crn.in)
- Pure Storage (PSTG) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Veeam, Pure Storage to deliver best-in-class data management platform for Always-On Enterprise (financial-news.co.uk)
- Robert W. Baird Analysts Give Pure Storage (PSTG) a $14.00 Price Target (americanbankingnews.com)
PSTG has been the subject of a number of recent research reports. Vetr raised shares of Pure Storage from a “buy” rating to a “strong-buy” rating and set a $24.02 target price for the company in a research report on Tuesday, February 20th. Bank of America boosted their target price on shares of Pure Storage from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. BTIG Research boosted their target price on shares of Pure Storage to $25.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. Wells Fargo boosted their price target on Pure Storage from $23.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, March 2nd. Finally, Barclays raised Pure Storage from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $22.00 in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.60.
Pure Storage (NYSE:PSTG) last issued its earnings results on Thursday, March 1st. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The firm had revenue of $338.30 million during the quarter, compared to the consensus estimate of $331.80 million. Pure Storage had a negative return on equity of 37.84% and a negative net margin of 17.36%. The business’s quarterly revenue was up 48.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. equities analysts predict that Pure Storage will post -0.79 earnings per share for the current fiscal year.
In other Pure Storage news, President David Hatfield sold 94,183 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $17.73, for a total transaction of $1,669,864.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Riitters sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $19.23, for a total value of $57,690.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 842,243 shares of company stock valued at $16,503,228. Insiders own 46.58% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://dakotafinancialnews.com/2018/04/14/pure-storage-pstg-receives-daily-coverage-optimism-rating-of-0-24.html.
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.
Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with MarketBeat.com's FREE daily email newsletter.