Pure Storage Inc Can’t Be More Safe. Option Traders Like It

 Pure Storage Inc Can't Be More Safe. Option Traders Like It

In today’s session Pure Storage Inc (PSTG) registered an unusually high (258) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious PSTG increase. With 258 contracts traded and 6254 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: PSTG170217C00012500 closed last at: $1.8 or 18.2% down. About 267,001 shares traded hands. Pure Storage Inc (NYSE:PSTG) has risen 0.16% since March 15, 2016 and is uptrending. It has underperformed by 5.32% the S&P500.

Pure Storage Inc (NYSE:PSTG) Ratings Coverage

Out of 20 analysts covering Pure Storage (NYSE:PSTG), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. Pure Storage has been the topic of 24 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Oppenheimer initiated Pure Storage Inc (NYSE:PSTG) on Thursday, February 4 with “Perform” rating. The stock of Pure Storage Inc (NYSE:PSTG) earned “Buy” rating by Stifel Nicolaus on Monday, November 2. The rating was initiated by Barclays Capital on Monday, November 2 with “Equal-Weight”. The stock of Pure Storage Inc (NYSE:PSTG) has “Outperform” rating given on Monday, November 2 by Raymond James. Macquarie Research initiated Pure Storage Inc (NYSE:PSTG) on Wednesday, June 29 with “Outperform” rating. The stock of Pure Storage Inc (NYSE:PSTG) has “Equal-Weight” rating given on Friday, August 26 by Barclays Capital. The stock of Pure Storage Inc (NYSE:PSTG) earned “Buy” rating by Maxim Group on Thursday, January 28. On Tuesday, October 20 the stock rating was initiated by Jefferies with “Hold”. The firm earned “Neutral” rating on Wednesday, June 29 by Robert W. Baird. Sterne Agee CRT initiated Pure Storage Inc (NYSE:PSTG) rating on Wednesday, November 11. Sterne Agee CRT has “Neutral” rating and $20 price target.

According to Zacks Investment Research, “Pure Storage, Inc. offers enterprise data storage platform. The company’s storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. It operates primarily in the United States, Europe and Asia. The company serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California.”

Pure Storage, Inc. provides an enterprise data storage platform. The company has a market cap of $2.38 billion. The Company’s storage platform consists of approximately three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud management and support. It currently has negative earnings. The Company’s clients include large and mid-size organizations across a diverse set of industry verticals, including cloud software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications.

PSTG Company Profile

Pure Storage, Inc., incorporated on October 2, 2009, provides an enterprise data storage platform. The Company’s storage platform consists of three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud management and support. The Company’s clients include large and mid-size organizations across a diverse set of industry verticals, including cloud software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications. The Company’s platform is used for a set of storage use cases, including database applications, private and public cloud infrastructure, virtual server infrastructure and virtual desktop infrastructure.

More notable recent Pure Storage Inc (NYSE:PSTG) news were published by: Wsj.com which released: “Pure Storage Wins New Trial in EMC Patent Case” on September 02, 2016, also Fool.com with their article: “Why Pure Storage, Inc. Shares Tanked Today” published on May 26, 2016, Prnewswire.com published: “Pure Storage Appoints Vik Nagjee as VP and CTO of Global Healthcare Solutions” on July 20, 2016. More interesting news about Pure Storage Inc (NYSE:PSTG) were released by: Benzinga.com and their article: “Arista, Pure Storage, A10 Seen As Potential M&A Targets For Hewlett Packard …” published on October 14, 2016 as well as Prnewswire.com‘s news article titled: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Pure Storage …” with publication date: October 07, 2016.

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