Despite today's pullback, Pure Storage stock is still up roughly 77% year to date. Pure Storage (PSTG -4.21%) stock is slipping in Tuesday's trading. The company's share price was down 4.2% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence. The sell-off on Pure Storage stock follows bearish coverage from a financial analysis firm. Before the market opened this morning, UBS published a research note downgrading its rating on Pure Storage from neutral to sell. Interestingly, UBS actual ...

Two cloud-based software stocks are making moves today, for two very different reasons. Atlassian Corp (NASDAQ:TEAM) was upgraded to "overweight" from "neutral" at Piper Sandler, while Pure Storage Inc (NYSE:PSTG) was downgraded by UBS to "sell" from "neutral." The analyst in coverage at Piper Sandler also hiked their price target to $225 from $200, and is bullish on the risk/reward setup, calling Atlassian "one of the most durable companies in our coverage." TEAM was last seen up 2.5% to trade at $182.75, ...

Will the recent positive trend continue leading up to its next earnings release, or is Pure Storage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Pure Storage reported non-GAAP earnings per share (EPS) of 32 cents in first-quarter fiscal 2024, which beat the Zacks Consensus Estimate by 45.5%. The company reported non-GAAP EPS of 8 cents in the p ...

The consensus earnings estimate of $1.64 for the current fiscal year indicates a year-over-year change of +15.5%. This estimate has changed +0.3% over the last 30 days. Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial. Pure Storage (PSTG) h ...

Get Pure Storage alerts: Pure Storage Today Add to Watchlist Highlights from the latest earnings report include top- and bottom-line strength driven by increased client count and deepening penetration of services, a theme echoed among leading cloud-based service providers. Among the features that set Pure Storage apart from its competitors is its ability to unify fragmented data sources in a cross-cloud environment. Pure Storage NYSE: PSTG is riding a wave of demand, with revenue rising and margins expandin ...

The consensus estimate for fiscal 2025 and 2026 EPS is expected to rise 14.8% and 18.8%, respectively, from the prior-year actuals to $1.63 and $1.94. Some better-ranked stocks worth consideration in the broader technology space are NVIDIA Corporation (NVDA) , Arista Networks (ANET) and Woodward (WWD) , currently sporting a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here. Pure Storage, Inc's (PSTG) shares have been performing well on the trading front, wit ...

Pure Storage, Inc. (PSTG) recently announced three cutting-edge Storage-as-a-Service (STaaS) service-level agreements (SLAs) for the Pure Storage platform to aid enterprises in ensuring data protection and infrastructure resilience. Evergreen architecture, which forms a premium part of PSTG's offerings, delivers continuous and nondisruptive upgrades to aid enterprises in adapting to dynamic business environments. The new Cyber Recovery and Resilience SLA expands on PSTG's pioneering ransomware recovery SLA ...

Seven customers honored at Pure//Accelerate 2024 for innovative use of the Pure Storage platform among 12,500+ global customers Customers including NTT DATA, THG, SoftBank Corp., Rivian, Fiserv, MediaZen, and the Indiana Office of Technology (IOT) were selected among more than 12,500 of Pure Storage's global customers as leaders across five categories: G.O.A.T. (Greatest of All Time), Cloud Champion, Data Warrior, Visionary, and Pure Good Sustainability. 2024 Award Recipients: "Today's award further demonst ...

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform. For new ...

Extends STaaS leadership, now with 10 concurrent SLAs, the industry's most comprehensive set of service level agreements AI is revolutionizing business, and not always for the better. Cyber criminals are increasingly using AI to increase the frequency and impact of cyber attacks, especially ransomware. However, existing IT infrastructure generally lacks flexibility to react to the rapid pace of change required to protect data, and rapidly recover if needed. Further advancing Pure's existing cyber resiliency ...