Pure Storage (PSTG) Drops 20.8% on Profit-Taking

We recently published December Disappointments: 10 Big Names Troubled Early. Pure Storage, Inc. (NYSE:PSTG) is one of the worst performers of last week. Pure Storage fell by 20.83 percent week-on-week as investors resorted to profit-taking following last week’s climb to the $90 territory, supported by its upbeat growth outlook for the full fiscal year. In an updated report on Tuesday, Pure Storage, Inc. (NYSE:PSTG) said that total revenues jumped by 16 percent to $964 million from $831 million in the same ...