Pure Storage Inc. Quarterly Earnings Update
Pure Storage Inc., a provider of enterprise storage solutions, is scheduled to release its quarterly earnings report. Key highlights from analyst predictions include:
- Revenue growth: A 10.79% increase compared to the previous year, driven by strong demand for its flash enterprise arrays.
- Profit per share: An average estimate of $0.388, up from $0.100 in the same period last year.
Forecasted Financial Performance
Analysts forecast a higher profit per share of $1.80 for the full fiscal year, indicating a positive trend for the company.
Market Reaction
The stock has been showing bullish momentum, with a recent technical analysis indicating a strong buy signal. However, options volatility and implied earnings moves suggest a potential price swing of up to 13.93% following the earnings announcement.
Key Statistics
- Revenue growth: 10.79% compared to the previous year
- Average estimated profit per share: $0.388
- Forecasted profit per share for the full fiscal year: $1.80