Pure Storage, Inc. (PSTG) Reaches $16.47 After 3.00% Down Move; CARREFOUR SA (CRRFY) Shorts Decreased By 42.44%

January 14, 2018 - By Darrin Black

The stock of Pure Storage, Inc. (NYSE:PSTG) is a huge mover today! The stock decreased 3.40% or $0.58 during the last trading session, reaching $16.47. About 3.37M shares traded or 86.88% up from the average. Pure Storage, Inc. (NYSE:PSTG) has declined 30.05% since January 14, 2017 and is downtrending. It has underperformed by 46.75% the S&P500.The move comes after 5 months negative chart setup for the $3.74 billion company. It was reported on Jan, 14 by Barchart.com. We have $15.98 PT which if reached, will make NYSE:PSTG worth $112.29 million less.

CARREFOUR SA (OTCMKTS:CRRFY) had a decrease of 42.44% in short interest. CRRFY’s SI was 52,900 shares in January as released by FINRA. Its down 42.44% from 91,900 shares previously. With 1.03 million avg volume, 0 days are for CARREFOUR SA (OTCMKTS:CRRFY)’s short sellers to cover CRRFY’s short positions. The stock increased 3.30% or $0.14 during the last trading session, reaching $4.385. About 803,476 shares traded or 29.33% up from the average. Carrefour SA (OTCMKTS:CRRFY) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Pure Storage, Inc. (NYSE:PSTG) to report earnings on March, 7. They expect $-0.14 earnings per share, up 33.33% or $0.07 from last year’s $-0.21 per share. After $-0.20 actual earnings per share reported by Pure Storage, Inc. for the previous quarter, Wall Street now forecasts -30.00% EPS growth.

Pure Storage, Inc. engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company has market cap of $3.74 billion. The firm delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud management and support software; and FlashStack, a converged infrastructure solution. It currently has negative earnings. The Company’s data platform is used for a range of storage use cases, including database applications, large-scale analytics, private and public cloud infrastructure, Webscale applications, virtual server infrastructure, and virtual desktop infrastructure; and helps clients scale their businesses through real-time and accurate analytics, increase employee productivity, improve operational efficiency, and deliver compelling user experiences to their clients and partners.

Among 25 analysts covering Pure Storage (NYSE:PSTG), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Pure Storage had 40 analyst reports since October 8, 2015 according to SRatingsIntel. As per Friday, April 7, the company rating was maintained by William Blair. The rating was initiated by Goldman Sachs with “Neutral” on Monday, November 2. The firm earned “Neutral” rating on Monday, October 19 by UBS. As per Monday, November 2, the company rating was initiated by KeyBanc Capital Markets. Jefferies initiated the stock with “Hold” rating in Tuesday, October 20 report. The company was initiated on Monday, November 2 by Stifel Nicolaus. The firm has “Overweight” rating given on Monday, November 2 by Pacific Crest. Needham maintained Pure Storage, Inc. (NYSE:PSTG) on Thursday, March 2 with “Buy” rating. The stock has “Buy” rating by Maxim Group on Thursday, January 28. The company was maintained on Friday, May 26 by Robert W. Baird.

Among 6 analysts covering Carrefour SA (OTCMKTS:CRRFY), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Carrefour SA had 6 analyst reports since October 6, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, October 15 report. Credit Suisse initiated Carrefour SA (OTCMKTS:CRRFY) on Tuesday, October 6 with “Underperform” rating. Macquarie Research downgraded Carrefour SA (OTCMKTS:CRRFY) on Monday, November 23 to “Neutral” rating. The rating was downgraded by Bernstein to “Mkt Perform” on Tuesday, November 8. The firm has “Hold” rating given on Tuesday, February 21 by Societe Generale. As per Thursday, August 31, the company rating was downgraded by J.P. Morgan.

Carrefour SA operates as a multi-local, multi-format, multi-channel retailer primarily in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company has market cap of $16.43 billion. The firm operates hypermarkets, supermarkets, convenience stores, cash and carry stores, and hypercash stores; e-commerce Websites, as well as m-commerce channels; and service stations. It has a 19.9 P/E ratio. The Company’s stores offer fresh produce; local products; consumer goods; and non-food products, including small household goods, textiles, and home appliances.

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