Pure Storage Inc (PSTG) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $-0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.23. The company posted revenue of $139.90 million in the period, compared to analysts expectations of $138.30 million. The company’s revenue was up 88.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.26 EPS.
Many Wall Street Analysts have commented on Pure Storage Inc. Needham Initiated Pure Storage Inc on Apr 27, 2016 to “Buy”, Price Target of the shares are set at $18.Shares were Reiterated by UBS on Apr 5, 2016 to “Neutral” and Lowered the Price Target to $ 16 from a previous price target of $17 .Company shares were Reiterated by Maxim Group on Mar 3, 2016 to “Buy”, Firm has raised the Price Target to $ 27 from a previous price target of $22 .
Pure Storage Inc is a United States-based flash enterprise storage array company. The Company enables the deployment of flash in the data center. The Pure Storage FlashArray is ideal for high performance workloads including server virtualization desktop virtualization (VDI) database (OLTP real-time analytics) and cloud computing. Its application includes VMware Virtual Desktop Infrastructure (VDI) Oracle Database and structured query language (SQL) Server. Its vSphere Web Client plugin enables complete management of storage within VMware: automatically create expand or shrink datastores see array-side capacity and performance of each datastore and understand real storage usage through deduplication.