Pure Storage Inc (NYSE:PSTG), a company that develops all-flash storage hardware and software products, has seen its stock price drop by more than 20% in a fortnight on account of missing consensus sales estimates of $440 Mil for the third quarter. The company clocked in revenues at $428 Mil. Additionally, Pure Storage guided for a lower revenue estimate for Q4 sales at $484-496 Mil – well below the consensus estimate of $512 Mil.
We step back from these recent swings to review Pure Storage’s performance over the last few years, as a context for what might come next. Our Interactive dashboard – What Drove The 20% Drop In Pure Storage’s (PSTG) Stock Over The Last 15 Days?, reviews the near term reasons and the big picture.
The context for the last few years:
A closer look At Pure Storage’s Total Revenues over the last few years and the outlook
Total Revenues for Pure Storage substantially increased from $1 Bil in 2017 to $1.4 Bil in 2018; an increase of 32.9%.
This compares with Total Revenues growth of 40.5% in 2017. We expect Total Revenues growth to be 20.6% in 2019.
A closer look At Pure Storage’s Total Expenses over the last few years and the outlook
Total Expense for Pure Storage substantially increased from $1.2 Bil in 2017 to $1.5 Bil in 2018; an increase of 28.4%.
This compares with Total Expense growth of 23.2% in 2017. We expect Total Expense growth to be 1.4% in 2019.
How does Pure Storage’s Revenue Growth compare with rivals?
For more information on how Pure Storage’s revenue growth compares with Nutanix, NetApp and Cloudera, view our interactive dashboard analysis.
How has Pure Storage’s LBT trended?
Loss before Taxes (LBT) for Pure Storage increased marginally by 2% from $173.7 Mil in 2017 to $177.3 Mil in 2018. We expect the company to report a pre-tax profit of $80.7 Mil in 2019.
How has Pure Storage’s Net Income and EPS trended?
For more details about Pure Storage’s Net Income and EPS, view our interactive dashboard analysis.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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December 12, 2019 at 12:07PM
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Why Has Pure Storage Stock Tanked 20% In The Last Two Weeks? - Nasdaq
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