The company is seeing larger deal sizes, which could mean tougher competition.
The struggles highlight some of the challenges of selling products to large companies -- that it cane take longer than expected, and that competition can be tough. It debuted on the New York Stock Exchange in October 2015, pricing shares at $17 each in its initial public offering.Piper Jaffray analysts moved their estimate down from $25 to $20, Stifel lowered its 12-month price target on Pure from $22 to $20, and KeyBanc Capital Markets pulled down its target from $30 to $25.
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Pinterest Shares Fall After Hours, Following Post-IPO Earnings ReportShares of Pinterest fell 17% in extended trading after the company posted a wider-than-expected loss in its first quarterly report following its public-market debut. rob_52 Why do you think they rushed with the IPO? A profitless company cashed out to greater fools at peak hype and morons are taking a loss. I'm shocked. Mouth agape.
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