Tag Archives: pstg

Pure Storage Posts Strong Q3 Earnings, Topping Views

Pure Storage (PSTG), a maker of flash-chip-based storage systems for the enterprise market, reported better-than-expected third-quarter earnings Thursday morning, sending its stock up. Pure Storage reported revenue of $131.4 million, up 167% from the year-earlier quarter and well above the analyst consensus estimate of $107 million, as polled by Thomson Reuters. Excluding items, it reported a per-share loss of 18 cents for the period ended Oct.

Pure Storage Well Positioned For Shifts In Computing

A tectonic shift in computing architecture is seen creating ideal market conditions for a next-generation storage franchise, prompting Pacific Crest Securities to initiate coverage on Pure Storage (PSTG) with an overweight rating. Pure Storage makes flash-chip-based storage arrays for the enterprise market. The company raised $425 million with an initial public offering on Oct. 6 that priced 25 million shares at 17. Pacific Crest analyst Brent

Pure Storage IPO Fails To Excite Investors In Debut

Investor enthusiasm for tech stocks showed continued signs of weakness as Pure Storage (PSTG) opened below its initial public offering price Wednesday morning. The vendor of flash-chip based storage products for the enterprise market priced at 17, the midpoint of its expected range, and opened at 16.74, down 1.5% in the stock market today. It then slipped a bit further to 16.56. The IPO raised $425 million by offering 25 million shares. The lead