Pure Storage Inc (NYSE:PSTG), an organization that develops all-flash storage {hardware} and softwa
Pure Storage Inc (NYSE:PSTG), an organization that develops all-flash storage {hardware} and software program merchandise, has seen its inventory worth drop by greater than 20% in a fortnight on account of lacking consensus gross sales estimates of $440 Mil for the third quarter. The corporate clocked in revenues at $428 Mil. Moreover, Pure Storage guided for a decrease income estimate for This fall gross sales at $484-496 Mil – properly under the consensus estimate of $512 Mil.
We step again from these latest swings to evaluation Pure Storage’s efficiency over the previous few years, as a context for what may come subsequent. Our Interactive dashboard – What Drove The 20% Drop In Pure Storage’s (PSTG) Stock Over The Last 15 Days?, opinions the close to time period causes and the large image.
The context for the previous few years:
A more in-depth look At Pure Storage’s Complete Revenues over the previous few years and the outlook
Complete Revenues for Pure Storage considerably elevated from $1 Bil in 2017 to $1.four Bil in 2018; a rise of 32.9%.
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