Pure Storage, Inc. Class A Comm (NYSE:PSTG):
Pure Storage Simplifies OpenStack Deployments.
The company is so far trading up from yesterday’s close of $12.36.
Shares of the company are trading at $12.50 which is slightly below the 50 day moving average which is $13.35 and a bit lower than the 200 day moving average of $12.75. The 50 day moving average went down by -6.38% and the 200 day average went down by -1.94%.
As of the last earnings report the EPS was $-1.39 and is estimated to be $-0.64 for the current year with 196,608,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.11 with next year’s EPS anticipated to be $-0.44.
Several brokerages have provided guidance on the company. On October 18, 2016 JP Morgan started covering the stock giving it an initial rating of “Neutral”. On August 31 the company was set at “Outperform” in a report from Oppenheimer which is up from the previous “Perform” rating.
On August 26 Susquehanna made no change to the stock rating of “Neutral” but raised the price target from $10.00 to $12.00. August 26 investment analysts at KeyBanc held the company rating at “Overweight” but moved down the price target to $18.00 from $24.00.
On August 26 Barclays maintained a company rating of “Equal-weight” and moved down the price target from $19.00 to $16.00. On August 19 the company was downgraded from “” to “Negative” by OTR Global.