Press coverage about Pure Storage (NYSE:PSTG) has been trending positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pure Storage earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9173958254157 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Pure Storage Inc (PSTG) Major Shareholder James N. White Sells 95,123 Shares (americanbankingnews.com)
- Pure Storage, Inc. (NYSE:PSTG) – Radar for In Play Stock – Nasdaq Journal (press release) (nasdaqjournal.com)
- Will Pure Storage Inc. (NYSE:PSTG) Stock Benefit From The Booming Storage Sector – BNL Finance (press release) (blog) (bnlfinance.com)
- Chapman University Improves Student Access to Apps and Data, Expects to Cut Storage Management Burden by 95 Percent with New Data Platform from Pure Storage (finance.yahoo.com)
- Insider Selling: Pure Storage Inc (PSTG) Insider Sells 2,167 Shares of Stock (americanbankingnews.com)
Shares of Pure Storage (PSTG) opened at $16.47 on Friday. Pure Storage has a twelve month low of $9.12 and a twelve month high of $19.27. The firm has a market capitalization of $3,570.00 and a price-to-earnings ratio of -15.99.
Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Pure Storage had a negative return on equity of 44.96% and a negative net margin of 22.86%. The company had revenue of $277.70 million for the quarter, compared to the consensus estimate of $272.07 million. During the same quarter last year, the business posted ($0.10) EPS. Pure Storage’s revenue for the quarter was up 41.0% on a year-over-year basis. equities research analysts anticipate that Pure Storage will post -0.93 earnings per share for the current year.
Several equities analysts have recently issued reports on PSTG shares. Lake Street Capital set a $21.00 price target on Pure Storage and gave the company a “buy” rating in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Maxim Group reiterated a “hold” rating and issued a $20.00 price target (up previously from $15.00) on shares of Pure Storage in a research note on Wednesday, November 29th. UBS Group reiterated a “buy” rating and issued a $22.00 price target (up previously from $18.00) on shares of Pure Storage in a research note on Wednesday, November 29th. BMO Capital Markets lifted their price target on Pure Storage to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Finally, Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of Pure Storage in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Pure Storage presently has a consensus rating of “Buy” and an average price target of $18.55.
In other Pure Storage news, insider John Colgrove sold 2,167 shares of Pure Storage stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $16.50, for a total transaction of $35,755.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott Dietzen sold 200,000 shares of Pure Storage stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $17.22, for a total value of $3,444,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 622,362 shares of company stock worth $10,662,085. 46.58% of the stock is currently owned by company insiders.
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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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