These Analysts Boost Their Forecasts On Pure Storage Following Strong Q4 Results



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 …

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