Pure Storage Expects Revenue Of $680M For Q1 (Est $667.299M), $3.1B For FY25 (Est $3.14B)
Portfolio Pulse from Benzinga Newsdesk
Pure Storage anticipates Q1 revenue of $680M, surpassing estimates of $667.299M, and forecasts FY25 revenue of $3.1B, slightly below the expected $3.14B.
February 28, 2024 | 9:17 pm
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NEUTRAL IMPACT
Pure Storage projects higher than expected Q1 revenue at $680M and anticipates FY25 revenue of $3.1B, marginally missing the $3.14B forecast.
The positive Q1 revenue projection surpassing estimates indicates strong performance and could boost investor confidence in the short term. However, the slightly lower FY25 revenue forecast compared to expectations might temper optimism, leading to a neutral short-term impact on PSTG's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100