Some analysts were concerned that it's taking longer for Pure Storage to sell as the company aims to win larger deals.
The company is seeing larger deal sizes, which could mean tougher competition.
The struggles highlight some of the challenges of selling products to large companies -- that it cane take longer than expected, and that competition can be tough. It debuted on the New York Stock Exchange in October 2015, pricing shares at $17 each in its initial public offering.Piper Jaffray analysts moved their estimate down from $25 to $20, Stifel lowered its 12-month price target on Pure from $22 to $20, and KeyBanc Capital Markets pulled down its target from $30 to $25.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pure Storage shares tumble on a wider-than-expected loss and weak guidancePure Storage shares fell in extended trading after the company reported a wider loss than analysts expected and gave disappointing guidance.
Read more »
Shane Dawson Responded To The James Charles And Tati Drama And It's Shockingly PureI Just Really Appreciate How Shane Dawson Responded To The James Charles And Tati Feud
Read more »
Trump concedes border wall construction is replacement and 'pure renovation'President Trump pushed back Wednesday against “haters” who say he is making little headway on building a wall along the U.S.-Mexico border
Read more »
Opinion | Case of the Killer ToyotasOpinion: Trump’s argument for auto tariffs, or restraints on auto imports and foreign investment, is pure protectionism that would help only a few American-owned firms
Read more »
Pure Storage shares tumble on a wider-than-expected loss and weak guidancePure Storage shares fell in extended trading after the company reported a wider loss than analysts expected and gave disappointing guidance.
Read more »
The stock market punished earnings misses more than it rewarded earnings beatsFirst-quarter earnings season is virtually in the books. A look back shows stock-market investors were in a mood to punish shares of companies that...
Read more »
Pinterest Shares Fall After Hours, Following Post-IPO Earnings ReportShares of Pinterest fell 17% in extended trading after the company posted a wider-than-expected loss in its first quarterly report following its public-market debut.
Read more »
AbbVie halts enrollment after brain cancer trial misses goal, shares fallAbbVie Inc said on Friday it has halted enrollment of patients in all ongoing st...
Read more »
If You Live In A Small Space, You're Gonna Want To See These 22 Storage ProductsMake the most of your tiny home!
Read more »
30 Game-Changing Storage Solutions For Tiny BedroomsA storage headboard is the miraculous space-saver you've been sleeping on.
Read more »
Trump concedes border wall construction is replacement and 'pure renovation'President Trump pushed back Wednesday against “haters” who say he is making little headway on building a wall along the U.S.-Mexico border
Read more »