Pure Storage (PSTG) Earning Positive Media Coverage, Study Finds
Media stories about Pure Storage (NYSE:PSTG) have been trending positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pure Storage earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.163541190834 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Pure Storage to Announce Fourth Quarter and Fiscal Year 2018 Financial Results on March 1, 2018 (finance.yahoo.com)
- Pure Storage (PSTG) Now Covered by Analysts at Goldman Sachs Group (americanbankingnews.com)
- Pure Storage Inc (PSTG) Expected to Announce Quarterly Sales of $331.83 Million (americanbankingnews.com)
- Pure Storage, Inc. (NYSE:PSTG) – An Eye on Stock Value – Nasdaq Journal (nasdaqjournal.com)
- Pure Storage (PSTG) Upgraded to Hold by ValuEngine (americanbankingnews.com)
Shares of Pure Storage (PSTG) opened at $19.03 on Friday. The stock has a market cap of $4,257.60, a P/E ratio of -19.03 and a beta of 1.64. Pure Storage has a 12 month low of $9.12 and a 12 month high of $21.23.
A number of brokerages have weighed in on PSTG. ValuEngine raised shares of Pure Storage from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Vetr raised shares of Pure Storage from a “buy” rating to a “strong-buy” rating and set a $23.17 price target on the stock in a research report on Thursday, February 1st. Goldman Sachs Group began coverage on shares of Pure Storage in a research report on Wednesday. They set a “sell” rating and a $16.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $24.00 price target on shares of Pure Storage in a research report on Wednesday, November 29th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $20.00 price target on shares of Pure Storage in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.18.
In related news, Director Scott Dietzen sold 200,000 shares of Pure Storage stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $17.22, for a total value of $3,444,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy Riitters sold 11,749 shares of Pure Storage stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $16.74, for a total transaction of $196,678.26. The disclosure for this sale can be found here. Insiders have sold 877,362 shares of company stock worth $15,556,864 in the last quarter. Insiders own 46.58% of the company’s stock.
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About Pure Storage
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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