Pure Storage Inc (NYSE: PSTG) has reported earnings for its third fiscal quarter (ending October 31) of $0.19 versus $0.22 for the same period a year ago — a decline of -14%. For the latest four quarters through October 31, E.P.S. were $0.41 compared to $0.24 a year ago — an increase of 71%.
Recent Price Action
Pure Storage Inc (NYSE: PSTG) stock closed at $53.54 on 12/3/24 after a modest gain of 0.9%. Moreover, exceptionally high trading volume at 205% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 3.6% during the last week.
Current PriceTarget Research Rating
Pure Storage has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Pure Storage has a neutral Power Rating of 46 but a poor Appreciation Score of 20, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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