Pure Storage Inc (NYSE: PSTG) has reported E.P.S. of $-0.11 for its first fiscal quarter (ending April 30) versus $-0.22 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $0.30 versus $0.07 for the same period a year ago.
Recent Price Action
Pure Storage Inc (NYSE: PSTG) stock closed at $63.00 on 5/29/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was exceptionally high at 215% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.8% during the last week.
Current PriceTarget Research Rating
PSTG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Pure Storage has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Pure Storage has a poor Appreciation Score of 18 but a very high Power Rating of 98, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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