PSTG - These Analysts Boost Their Forecasts On Pure Storage Following Strong Q4 Results | Benzinga
Pure Storage, Inc. (NYSE: PSTG) reported upbeat fourth-quarter results and issued strong first-quarter revenue guidance.
The company reported quarterly adjusted earnings of 50 cents, beating the consensus estimate of 44 cents. Quarterly sales clocked in at $789.8 million, above the analyst consensus estimate of $782.31 million, according to data from Benzinga Pro.
"Our data platform strategy is revolutionizing the storage industry. It helps enterprises and service providers unify fragmented data environments into a seamless, modern, and efficient system—a system performance-ready for artificial intelligence," said Charles Giancarlo, Chairman and CEO, Pure Storage. "And this can all be done now with Flash reliability, performance and economics, even at hard disk system ...