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PSTG

Pure Storage

$20.60

0.6 (3.00%)

16:22
05/21/19
05/21
16:22
05/21/19
16:22

Pure Storage down 17% to $17.10 after Q1 results miss estimates

The company's Q2 and FY20 revenue guidance, at the midpoint, also fell short of estimates.

  • 21

    May

  • 05

    Jun

  • 20

    Jun

  • 09

    Jul

PSTG Pure Storage
$20.60

0.6 (3.00%)

04/08/19
COWN
04/08/19
UPGRADE
Target $30
COWN
Outperform
Cowen says Pure Storage benefits from NAND oversupply, upgrades to Outperform
Cowen analyst Karl Ackerman upgraded Pure Storage to Outperform from Market Perform as he expects Samsung (SSNLF), which controls about 38% of the NAND market, to maximize share over profits, which he thinks should push NAND prices down at least 40% for calendar 2019. Pure Storage (PSTG) is the most significant beneficiary of this dynamic and a "pure play" on NAND oversupply, said Ackerman, who sees demand elasticity for all-flash arrays, most notably Pure Storage's all-flash array portfolio. He raised his price target on Pure Storage shares to $30 from $20, stating that he believes the company's transformation toward a Storage-As-A-Service model warrants a higher stock multiple.
04/11/19
FBCO
04/11/19
INITIATION
Target $23
FBCO
Neutral
Pure Storage initiated with a Neutral at Credit Suisse
Credit Suisse analyst Matt Cabral started coverage of Pure Storage with a Neutral rating and a $23 price target. While the analyst acknowledges that the company is the technological leader in all-flash, he notes that its advantage versus peers narrowing and long-term profitability goals "still a ways off."
04/17/19
WBLR
04/17/19
NO CHANGE
WBLR
Outperform
Pure Storage checks show 'steady momentum' in quarter, says William Blair
Recent checks indicate "steady momentum" in Pure Storage's April quarter and "deepening channel loyalty," William Blair analyst Jason Ader tells investors in a research note. The analyst sees a "cult-like following among Pure's customer base, and a vendor successfully transitioning from a one-trick pony to a multi-product story." Contrary to investor concerns, the analyst beeves Pure should be a "key beneficiary" of NAND cost declines. These declines will catalyze increased adoption of all-flash arrays this year as the price gap narrows between them and hybrid, Ader contends. He keeps an Outperform rating on Pure Storage.
05/17/19
JPMS
05/17/19
NO CHANGE
Target $30
JPMS
Overweight
Pure Storage contacts highlight healthy demand environment, says JPMorgan
JPMorgan analyst Pinjalim Bora spoke to "key contacts" in the Pure Storage ecosystem and heard the company's overall demand environment during Q1 was "good," "healthy," and "strong." The partners indicated that they were on track to achieve or outperform their annual growth targets, Bora tells investors in a research note. The analyst, while admitting that any escalation around the trade war with China or any macro slowdown narrative "could disconnect the stock from fundamentals in the near term," expects shares of Pure Storage to move toward his $30 price target over the longer term. Bora keeps an Overweight rating on the shares.

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JKS

JinkoSolar

$22.59

-2.08 (-8.43%)

17:37
06/17/19
06/17
17:37
06/17/19
17:37
Downgrade
JinkoSolar rating change  »

JinkoSolar downgraded to…

03/08/13
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  • 28

    Jun

FCEL

FuelCell

$0.33

-0.0231 (-6.56%)

17:26
06/17/19
06/17
17:26
06/17/19
17:26
Earnings
FuelCell reports Q2 ($2.06), consensus ($2.24) »

Reports Q2 revenue $9.2M,…

03/08/13
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RMTI

Rockwell Medical

$4.39

0.2 (4.77%)

17:25
06/17/19
06/17
17:25
06/17/19
17:25
Hot Stocks
Breaking Hot Stocks news story on Rockwell Medical »

Rockwell Medical down 21%…

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  • 18

    Jun

VRS

Verso

$17.91

-0.24 (-1.32%)

17:21
06/17/19
06/17
17:21
06/17/19
17:21
Hot Stocks
Verso adopts limited duration stockholder rights plan »

Verso announced that its…

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CHVKF

China Vanke Co

$0.00

(0.00%)

17:19
06/17/19
06/17
17:19
06/17/19
17:19
Downgrade
China Vanke Co rating change  »

China Vanke Co downgraded…

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RCKT

Rocket Pharmaceuticals

$16.88

0.68 (4.20%)

17:17
06/17/19
06/17
17:17
06/17/19
17:17
Syndicate
Breaking Syndicate news story on Rocket Pharmaceuticals »

Rocket Pharmaceuticals…

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  • 17

    Jun

BA

Boeing

$354.90

7.71 (2.22%)

, EADSY

Airbus

$0.00

(0.00%)

17:17
06/17/19
06/17
17:17
06/17/19
17:17
Periodicals
Boeing gets zero new plane orders at Paris Air Show so far, CNBC says »

According to CNBC's…

BA

Boeing

$354.90

7.71 (2.22%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 17

    Jun

  • 09

    Jul

BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

17:17
06/17/19
06/17
17:17
06/17/19
17:17
Syndicate
Breaking Syndicate news story on Biohaven Pharmaceutical »

Biohaven Pharmaceutical…

03/08/13
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MELR

Melrose Bancorp

$18.40

-0.1 (-0.54%)

17:14
06/17/19
06/17
17:14
06/17/19
17:14
Hot Stocks
Breaking Hot Stocks news story on Melrose Bancorp »

Melrose Bancorp trading…

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03/06/13
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CSCO

Cisco

$55.40

0.66 (1.21%)

17:13
06/17/19
06/17
17:13
06/17/19
17:13
Hot Stocks
Cisco awarded maximum $724.1M Defense Information Systems Agency contract »

Cisco has been awarded a…

03/08/13
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  • 24

    Jun

  • 16

    Jul

  • 14

    Aug

NI

NiSource

$29.16

0.41 (1.43%)

17:10
06/17/19
06/17
17:10
06/17/19
17:10
Periodicals
NiSource plans sale of unit tied to gas explosions, Bloomberg says »

According to a story from…

03/08/13
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03/06/13
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AEO

American Eagle

$17.96

0.38 (2.16%)

17:08
06/17/19
06/17
17:08
06/17/19
17:08
Conference/Events
American Eagle management to meet with UBS »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Jun

EVOP

EVO Payments

$29.60

-0.03 (-0.10%)

17:07
06/17/19
06/17
17:07
06/17/19
17:07
Hot Stocks
EVO Payments, TouchBistro to partner on payment solutions for Mexico restaurants »

EVO Payments announced a…

03/08/13
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RDHL

RedHill Biopharma

$7.19

-0.01 (-0.14%)

17:04
06/17/19
06/17
17:04
06/17/19
17:04
Hot Stocks
Ibex Investors reports 5.1% passive stake in RedHill Biopharma »

In a regulatory filing,…

03/08/13
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STLD

Steel Dynamics

$26.23

-0.19 (-0.72%)

17:02
06/17/19
06/17
17:02
06/17/19
17:02
Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

Steel Dynamics down 2.8%…

03/08/13
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03/06/13
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STLD

Steel Dynamics

$26.23

-0.19 (-0.72%)

17:01
06/17/19
06/17
17:01
06/17/19
17:01
Earnings
Steel Dynamics guides Q2 EPS 86c-90c, consensus 99c »

The company says Q2…

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TSLA

Tesla

$225.00

10.19 (4.74%)

, TWTR

Twitter

$36.40

0.25 (0.69%)

16:56
06/17/19
06/17
16:56
06/17/19
16:56
Hot Stocks
Tesla chief Elon Musk deletesTwitter account »

Over the weekend the…

TSLA

Tesla

$225.00

10.19 (4.74%)

TWTR

Twitter

$36.40

0.25 (0.69%)

03/08/13
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  • 10

    Jul

ATO

Atmos Energy

$104.66

-0.34 (-0.32%)

16:54
06/17/19
06/17
16:54
06/17/19
16:54
Conference/Events
Atmos Energy management to meet with UBS »

Meeting to be held in New…

03/08/13
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  • 19

    Jun

TW

Tradeweb Markets

$41.77

0.33 (0.80%)

16:54
06/17/19
06/17
16:54
06/17/19
16:54
Initiation
Tradeweb Markets initiated  »

Tradeweb Markets…

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PINS

Pinterest

$27.81

0.41 (1.50%)

16:52
06/17/19
06/17
16:52
06/17/19
16:52
Initiation
Pinterest initiated  »

Wedbush starts Pinterest…

03/08/13
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HEXO

HEXO Corp

$5.50

-0.095 (-1.70%)

, TAP

Molson Coors

$53.66

-0.34 (-0.63%)

16:51
06/17/19
06/17
16:51
06/17/19
16:51
Periodicals
HEXO and Molson plan cannabis-infused drinks by December, Bloomberg says »

HEXO (HEXO) is partnering…

HEXO

HEXO Corp

$5.50

-0.095 (-1.70%)

TAP

Molson Coors

$53.66

-0.34 (-0.63%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jun

  • 31

    Jul

CWEN

Clearway Energy

$16.31

0.205 (1.27%)

16:49
06/17/19
06/17
16:49
06/17/19
16:49
Hot Stocks
Clearway Energy announces equity commitment in repowering partnership »

Clearway Energy announced…

03/08/13
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GNBT

Generex

$0.00

(0.00%)

16:46
06/17/19
06/17
16:46
06/17/19
16:46
Conference/Events
Generex to hold a conference call »

President & CEO…

03/08/13
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ANTM

Anthem

$287.35

1.97 (0.69%)

16:46
06/17/19
06/17
16:46
06/17/19
16:46
Earnings
Anthem reaffirms FY19 EPS greater than $19.20, consensus $19.30 »

Officers of Anthem will…

03/08/13
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RTLR

Rattler Midstream

$18.95

-0.255 (-1.33%)

16:44
06/17/19
06/17
16:44
06/17/19
16:44
Initiation
Rattler Midstream initiated  »

Rattler Midstream…

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