Pure Storage Inc. NYSE: PSTG delivered a stellar first-quarter earnings report after the market closed on May 29, 2024. Not surprisingly, PSTG stock was up more than 2% the day after the report, and analysts are quickly expressing a bullish sentiment that may drive the stock even higher.
Pure Storage's (PSTG) fiscal first-quarter performance benefits primarily from robust demand for FlashBlade solutions, including FlashBlade//E.
Pure Storage, Inc. (NYSE:PSTG ) Q1 2025 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Paul Ziots - Vice President, Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore Meta Marshall - Morgan Stanley Howard Ma - Guggenheim Securities Mike Cikos - Needham Asiya Merchant - Citigroup Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James David Vogt - UBS Aaron Rakers - Wells Fargo Mehdi Hosseini - Susquehanna International Group Eric Martinuzzi - Lake Street Tim Long - Barclays Operator Good day. Welcome to the Pure Storage First Quarter Fiscal 2025 Financial Results Conference Call.
The headline numbers for Pure Storage (PSTG) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Pure Storage (PSTG) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.08 per share a year ago.
Pure Storage stock jumped Wednesday after the comapny posted first-quarter earnings and sales that beat expectations.
Pure Storage (PSTG) closed at $61.05 in the latest trading session, marking a +1.73% move from the prior day.
Pure Storage's (PSTG) first-quarter performance is likely to have been driven by strong demand for the company's consumption and subscription-based solutions, particularly Evergreen//One and Portworx.
Beyond analysts' top -and-bottom-line estimates for Pure Storage (PSTG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
Pure Storage (PSTG) reachead $60.31 at the closing of the latest trading day, reflecting a +0.67% change compared to its last close.
By implementing Pure Storage's (PSTG) Evergreen//Forever subscription, New Mexico State University is likely to curtail its annual storage costs by 66%.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?