Favorable Press Coverage Somewhat Unlikely to Impact Pure Storage (PSTG) Stock Price
Media coverage about Pure Storage (NYSE:PSTG) has trended positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pure Storage earned a news impact score of 0.33 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 43.9088741950869 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Pure Storage (PSTG) traded up $0.49 during trading hours on Tuesday, hitting $20.40. The stock had a trading volume of 1,995,628 shares, compared to its average volume of 2,330,000. Pure Storage has a 12 month low of $9.12 and a 12 month high of $21.23. The company has a market capitalization of $4,420.00 and a PE ratio of -19.81.
Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Pure Storage had a negative return on equity of 44.96% and a negative net margin of 22.86%. The company had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $272.07 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The business’s revenue was up 41.0% on a year-over-year basis. research analysts expect that Pure Storage will post -0.93 earnings per share for the current year.
In other news, CFO Timothy Riitters sold 11,749 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $16.74, for a total transaction of $196,678.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Colgrove sold 2,167 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $16.50, for a total value of $35,755.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 877,362 shares of company stock valued at $15,556,864. Corporate insiders own 41.47% of the company’s stock.
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Pure Storage Company Profile
Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.
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