EPS for Pure Storage Inc (PSTG) Expected At $

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Pure Storage, Inc., launched on October 2, 2009, provides a data platform.

Cypress Semiconductor Corporation (CY) knifed -0.29 percent lower and now trades for $16.92. It has been assigned a low target price of $14 and a high target price of $22. The total amount of shares outstanding is 208.34 million, giving the company a market capitalization of about 3.51 billion. BidaskClub raised shares of Pure Storage from a "sell" rating to a "hold" rating in a report on Tuesday, October 17th.

In other news, CFO Timothy Riitters sold 3,231 shares of the firm's stock in a transaction on Wednesday, September 21st. (PSTG) most recent 13F filing, the company has 27 new institutional holders - accounting for 4.55 million shares of its common stock. The company presently has an average rating of "Buy" and a consensus target price of $16.36. Oppenheimer initiated Pure Storage Inc (NYSE:PSTG) on Thursday, February 4 with "Perform" rating. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. For the next year, analysts forecast that the firm will report earnings of $0.03 per share, with EPS estimates ranging from ($0.13) to $0.14. The company had revenue of $224.50 million during the quarter, compared to analyst estimates of $217.97 million. Morgan Stanley reaffirmed an "overweight" rating and set a $21.00 price objective on shares of Pure Storage in a report on Sunday. Cypress Semiconductor Corporation (NASDAQ:CY) earnings have risen with a quarterly rate of 14.1% over the last 5 years. The number of shares now owned by investors are 208.34 mln. A 8 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NASDAQ:CY) or, if they already own its stock, sell it. Vetr lowered shares of Pure Storage from a "buy" rating to a "hold" rating and set a $14.72 target price for the company.in a report on Tuesday, October 4th.

TRADEMARK VIOLATION NOTICE: "Positive Press Coverage Somewhat Unlikely to Impact Pure Storage (NYSE:PSTG) Share Price" was first reported by StockNewsTimes and is the property of of StockNewsTimes.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, November 30th. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law. Bank of New York Mellon Corp raised its position in Pure Storage by 140.8% in the second quarter. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Following the completion of the transaction, the chief financial officer now directly owns 282,200 shares in the company, valued at approximately $4,108,832. The disclosure for this sale can be found here. In the a year ago there have been a total of 62 insider trades, including 21 open market buys and 41 sells.

A number of hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its stake in shares of Pure Storage by 64.7% during the second quarter.

Insider trading over the last 12 months, however, paints a different picture. Legal & General Group Plc increased its stake in shares of Pure Storage by 42.7% during the second quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company's stock valued at $90,427,000 after buying an additional 1,489,008 shares during the period. Vanguard Group Inc. lifted its holdings in Pure Storage by 26.7% during the 2nd quarter. Marcus Capital LLC now owns 231,500 shares of the technology company's stock worth $2,966,000 after purchasing an additional 84,600 shares during the last quarter. Teachers Advisors LLC now owns 783,785 shares of the technology company's stock worth $7,705,000 after acquiring an additional 660,954 shares during the period. About shares traded. Pure Storage Inc (NYSE:PSTG) has declined 30.05% since November 13, 2016 and is downtrending. The stock had a trading volume of 1,974,600 shares, compared to its average volume of 1,105,089. During the last 52 weeks, the (NYSE:PSTG) price has been as high as $16.87 and as low as $9.12. The Firm is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling clients to put data to work for their businesses. The company's storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform.

Looking at insider trading can give great insight into how Pure Storage, Inc.

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