Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Pure Storage (PSTG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Pure Storage currently has an average ...

In collaboration with industry peers, Pure Storage commits to expanding the capabilities of high performance Ethernet for large-scale AI and HPC initiatives SANTA CLARA, Calif., Aug. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that it joined Ultra Ethernet Consortium (UEC), a Linux Foundation initiative dedicated to building a complete, open, and accessible Ethernet-based architecture to acc ...

Pure Storage, Inc's (PSTG) shares have been performing well on the trading front, with a gain of 51.4% year to date compared with the S&P 500 composite's growth 19.2%. Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. Its primary offerings are FlashArray and FlashBlade products, which include FlashArray//C, FlashArray//XL, FlashArray File Services, FlashBlade//S and FlashBlade//E. The company offers its prod ...

SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, August 28 at 2:00 p.m. PT to discuss its financial results for the second quarter fiscal year 2025 ended August 4, 2024. This conference call will be held following the release of Pure Storage's financial results. Second Quarter Fiscal 2025 Conference Call Details A live audio br ...

The latest trading session saw Pure Storage (PSTG) ending at $53.84, denoting a +1.85% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 1.04%. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%. The the stock of data storage company has fallen by 18.89% in the past month, lagging the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%. Investors will be eagerly watching for the performan ...

What is Implied Volatility? Given the way analysts feel about Pure Storage right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Implied volatility shows how much movement the market is expecting i ...

Analysts and investors alike will be keeping a close eye on the performance of Pure Storage in its upcoming earnings disclosure. On that day, Pure Storage is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 11.76%. Alongside, our most recent consensus estimate is anticipating revenue of $756.73 million, indicating a 9.88% upward movement from the same quarter last year. Based on our research, we believe these estimate revisions are directly related to near-team ...

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. What are the Zacks Style Scores? Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the bette ...

Pure Storage (PSTG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this data storage company have returned -2.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Computer- Storage Devices industry, to which Pure Storage belongs, has lost 7% over this period. Now the key question is: Where could the stock be headed in the near term? Although m ...

Pure Storage (PSTG) closed the most recent trading day at $59.75, moving -1.45% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.78%. Elsewhere, the Dow saw a downswing of 1.29%, while the tech-heavy Nasdaq depreciated by 0.7%. It's also important for investors to be aware of any recent modifications to analyst estimates for Pure Storage. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estima ...