Pure Storage Sees FY24 Revenue $2.82B Vs $2.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pure Storage provided a revenue forecast for FY24 at $2.82 billion, which is below the estimated $2.86 billion.
November 29, 2023 | 9:12 pm
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Pure Storage's revenue forecast for FY24 is lower than analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price.
Revenue forecasts are a critical indicator of a company's future performance. Pure Storage's projection falling short of the consensus estimate may disappoint investors and analysts, leading to bearish sentiment in the short term. This could result in a decrease in the stock price as the market adjusts to the new information.
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