Notable Earnings: Pure Storage (PSTG), NetApp (NTAP), HP Inc. (HPQ)

Pure Storage, Inc. (PSTG) dropped $2.22 to $12.50 in after-hours trading after it reported fiscal-second quarter earnings.

The provider of enterprise data storage platforms handed in earnings of ($0.22) per share on revenue of $139.9 million, beating Wall Street estimates of ($0.23) per share on revenue of $138.3 million.

The company guided Q2 revenues of $153-157 million, as compared to analysts’ expectations of $154 million.

In the past 52 weeks, Pure Storage shares have traded between a low of $11.05 and a high of $20.60 with the 50-day MA and 200-day MA located at $14.37 and $14.39 levels, respectively. Additionally, shares of PSTG trade at a P/E ratio of (0.34) and have a Relative Strength Index (RSI) and MACD indicator of 59.77 and +0.38, respectively.

pstg stock

NetApp, Inc. (NTAP) reported fourth quarter non-GAAP EPS of $0.55 after the closing bell Wednesday, compared to the consensus estimate of $0.58. Revenues decreased 10.4% from last year to $1.38 billion. Analysts expected revenues of $1.40 billion. The stock is currently down $2.04 to $23.48 on 5.64 million shares.

The company guided Q1 revenues of $1.20-$1.35 billion, as compared to analysts’ expectations of $1.26 billion. The management also gave its bottom line range of $0.34-$0.39 per share, against projections of $0.45 per share.

NTAP currently prints a one year loss of about 20.73% and a year-to-date loss of around 2.46%.

ntap stock

HP Inc. (HPQ) shares are up $0.12 to $12.32 in after-hours trading Wednesday after the company reported its second quarter earnings results.

The firm reported earnings of $0.41 per share on revenues of $11.59 billion, down 10.7% from a year ago. Analysts were expecting EPS of $0.38 on revenues of $11.71 billion. For Q3, HPQ provided EPS guidance of $0.37-$0.40 versus consensus of $0.41 per share.

On valuation measures, HP Inc. shares, which currently have an average 3-month trading volume of 11.78 million shares, trade at a trailing-12 P/E of 5.87, a forward P/E of 7.39 and a P/E to growth ratio of 7.13. The median Wall Street price target on the name is $13.00 with a high target of $19.00. Currently ticker boasts 10 ‘Buy’ endorsements, compared to 16 ‘Holds’ and no ‘Sell’.

Profitability-wise, HPQ has a t-12 profit and operating margin of 3.72% and 7.79%, respectively. The $21.19 billion market cap company reported $3.69 billion in cash vs. $6.73 billion in debt in its most recent quarter.

hpq stock

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