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Aggressive FY2018 Guidance for Pure Storage

Pure Storage (PSTG) recently reported its Q4/FY2017 results and beat analysts' expectations on both the top and bottom line amidst record new customer additions. However, the company's weak Q1 guidance of revenues of $204 mln, 15% below the current consensus estimate and negative operating margin caused a stir after the company provided initial FY2018 guidance in line with the street's current estimates and projected positive cash flows to in the second half of the fiscal year.

The slowing growth in the company's main FlashArray product line set off alarm bells among analysts as well as the fact, that competitors like DELL/EMC are already on the market with offerings similar to Pure Storage's new FlashBlade product.

Read more:  Pure Storage's Aggressive FY2018 Guidance Looks Worrisome