Long trade : PSTG +20% (5/17)

• 5/23:  #15, 37
• 3, 9, 15, 37, 59, 72, 75
• vol. 2.1 M
• 5/30/17 : +20%

  

Pure Storage (PSTG) reported earnings on Wed 24 May 2017 (a/h)

• Day before 5/23: 3, 9, 15, 37,  59, 72, 75

** charts before earnings **

  

** charts after earnings **

Pure Storage beats by $0.08, beats on revs; guides Q2 revs in-line; reaffirms FY18 revs guidance:

• Reports Q1 (Apr) loss of $0.14 per share, $0.08 better than the Capital IQ Consensus of ($0.22); revenues rose 30.5% year/year to $182.6 mln vs the $176.13 mln Capital IQ Consensus.
  • Non-GAAP Gross Margin 66.4%, Q4 66.0%
  • Operating Margin -16.7%, guidance was -27 to -23%.
• Co issues in-line guidance for Q2, sees Q2 revs of $214-222 mln vs. $214.22 mln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin in the range of 63.5% to 66.5%;
  • Non-GAAP operating margin in the range of -16% to -12%;
• Co reaffirms guidance for FY18, sees FY18 revs of $975-1025 mln vs. $988.86 mln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin in the range of 63.5% to 66.5%;
  • Non-GAAP operating margin in the range of -9% to -5%;
  • "We continue to drive strong year over year improvement in operating leverage as we drive to our $1 billion full year revenue target."

Pure Storage (PSTG) reported earnings on Thur 8/25/16 (a/h)

** charts before earnings **

** charts after earnings **

    

Pure Storage beats by $0.07, beats on revs; guides Q3 revs in-line:

• Reports Q2 (Jul) loss of $0.16 per share, $0.07 better than the Capital IQ Consensus of ($0.23); revenues rose 92.8% year/year to $163.21 mln vs the $155.11 mln Capital IQ Consensus.
• Quarterly gross margin: 65.2% GAAP; 66.3% non-GAAP, up 6.7 ppts and 7.1 ppts Y/Y, respectively, and in line with non-GAAP gross margin guidance of 65-68%.
• Co issues in-line guidance for Q3, sees Q3 revs of $187-195 mln vs. $189.03 mln Capital IQ Consensus Estimate; sees Non-GAAP gross margin in the range of 64% to 67%; sees Non-GAAP operating margin in the range of -17.5% to -13.5%

Pure Storage (PSTG) reported earnings Wed 25 May 2016 (a/h)

** charts before earnings **

 

** charts after earnings **

  

Pure Storage beats by $0.01, beats on revs; guides Q2 revs in-line  :

• Reports Q1 (Apr) loss of $0.22 per share, $0.01 better than the Capital IQ Consensus of ($0.23); revenues rose 88.8% year/year to $139.9 mln vs the $138.3 mln Capital IQ Consensus.
  • Free Cash Flow was -12.6% of revenue compared to -289.2% in prior year
  • Gross Margin 67.3% (Guidance 65-68%)
• Operating Margin (29.4%)
• Co issues in-line guidance for Q2, sees Q2 revs of $153-157 mln vs. $153.72 mln Capital IQ Consensus Estimate.
  • Sees Gross Margin in the range of 65-68%
  • Sees Operating Margin in the range of (30%)-(26%)

Pure Storage (PSTG) reported earnings Thur 3 Dec 2015

** charts before earnings **

 ** charts after earnings **

Pure Storage beats by $0.13, beats on revs; sees Q4 revs above consensus :

Reports Q3 EPS of ($0.18) vs ($0.31) Capital IQ consensus; revs rose 167% YoY to $131.4 mln vs $107.4 mln consensus.

• Fourth Quarter Fiscal 2016 Guidance: Co sees revs in the range of $134-139 mln vs $122.9 mln consensus

Flash storage vendor Pure Storage files for a $300M IPO

Enterprise flash storage provider Pure Storage, backed by some $531 million in investment capital and toting a $3 billion valuation, has filed paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) later this year.

Pure Storage was founded in 2009 and has attracted a great deal of intrigue because of its combination of software and flash storage technology, which is reportedly faster and more efficient than older spinning disc drives.

Morgan Stanley and Goldman Sachs will act as lead book-running managers for the proposed offering. It competes with larger, established companies such as EMC Corp and NetApp Inc. Pure Storage, which didn’t indicate an exchange, plans to list under the ticker symbol PSTG.