Pure Storage, Inc. Class A Comm (NYSE:PSTG):
Pure Storage and EMC Settle All Litigation.
In the market the company is trading up by 1.13% since yesterday’s close of $12.36.
The stock is trading at $12.50 just below $13.35, the 50 day moving average and which is a tad under the 200 day moving average of $12.75. The 50 day moving average was down $-0.85 and the 200 day average was down $-0.25.
As of the last earnings report the EPS was $-1.39 and is projected to be $-0.64 for the current year with 196,608,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.11 and the next full year EPS is anticipated to be $-0.44.
Analysts have released opinions on the company recently. On October 18, 2016 JP Morgan began coverage of the stock by announcing an initial rating of “Neutral”. On August 31 the company was set at “Outperform” according to a Oppenheimer report up from the previous “Perform” rating.
On August 26 Susquehanna held the company rating at “Neutral” and moved up the price target to $12.00 from $10.00. August 26 investment analysts at KeyBanc made no change to the stock rating of “Overweight” but lowered the price expectation from $24.00 to $18.00.
August 26 investment analysts at Barclays made no change to the company rating of “Equal-weight” but lowered the price target to $16.00 from $19.00. On August 19 the stock rating was downgraded from “” to “Negative” in a report from OTR Global.