Pure Storage (PSTG) Set to Announce Quarterly Earnings on Tuesday

Pure Storage (NYSE:PSTG - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, December 3rd. Analysts expect Pure Storage to post earnings of $0.43 per share for the quarter. Pure Storage has set its FY 2025 guidance at EPS and its Q3 2025 guidance at EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Pure Storage (NYSE:PSTG - Get Free Report) last posted its earnings results on Wednesday, August 28th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. The business had revenue of $763.77 million during the quarter, compared to analysts' expectations of $756.59 million. On average, analysts expect Pure Storage to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pure Storage Trading Up 1.3 %

NYSE PSTG traded up $0.72 on Tuesday, hitting $54.46. The company's stock had a trading volume of 1,398,630 shares, compared to its average volume of 3,636,608. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The company's 50-day simple moving average is $51.79 and its 200 day simple moving average is $56.88. Pure Storage has a 52-week low of $31.00 and a 52-week high of $70.41. The firm has a market cap of $17.85 billion, a P/E ratio of 134.38, a PEG ratio of 7.01 and a beta of 1.10.

Analyst Upgrades and Downgrades

PSTG has been the topic of a number of research analyst reports. Susquehanna restated a "positive" rating and issued a $80.00 target price on shares of Pure Storage in a research report on Monday, August 26th. Wedbush reissued an "outperform" rating and issued a $80.00 price target on shares of Pure Storage in a research note on Monday, August 26th. Oppenheimer initiated coverage on shares of Pure Storage in a report on Wednesday, November 13th. They set an "outperform" rating and a $70.00 target price on the stock. TD Cowen reduced their price objective on shares of Pure Storage from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Finally, UBS Group cut their target price on shares of Pure Storage from $47.00 to $45.00 and set a "sell" rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.95.

Insider Buying and Selling at Pure Storage

In other news, CAO Mona Chu sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $50.32, for a total value of $1,258,000.00. Following the completion of the sale, the chief accounting officer now directly owns 96,639 shares in the company, valued at approximately $4,862,874.48. The trade was a 20.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.94, for a total value of $4,994,000.00. Following the transaction, the insider now directly owns 500,000 shares in the company, valued at approximately $24,970,000. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 354,542 shares of company stock valued at $18,599,030 in the last 90 days. Company insiders own 6.00% of the company's stock.

About Pure Storage

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.