Earnings and Revenue
Pure Storage EPS is expected to be around $0.01, according to sell-side analysts. Sales will likely be near $395.34 million. Pure Storage also reported a per-share profit of $0.01 when it published results during the same quarter last year. Sales in that period totaled $396.33 million. The analyst consensus estimate would represent no change in the company's earnings on a year-over-year basis. Prior Earnings Call Notes: “We had the right products and services for a crisis environment,” he says. “We made a lot of emergency shipments for companies caught flat-footed in the crisis. All of our products grew in the quarter.”
from Tradingview
What are our thoughts on Earnings?
We will leave Pure Storage has a lot of room to grow throughout this year and the chart above looks like it is set up to make another move higher. With institutional investors dumping money into this company we believe it is a good opportunity to get in before the crowd does. Selling naked $15 PUTS for September or purchasing long-term Leap CALLS in this name would be a good strategy to play earnings.
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