Pure Storage Inc (NYSE: PSTG) has reported earnings for its second fiscal quarter (ending July 31) of $0.11 versus a loss $-0.02 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $0.43 compared to $0.01 a year ago.
Recent Price Action
On 8/28/24, Pure Storage Inc (NYSE: PSTG) stock declined by -2.2%, closing at $59.76. Moreover, trading volume in this decline was above average at 132% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Pure Storage has a poor Appreciation Score of 21 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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