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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The stock market punished earnings misses more than it rewarded earnings beatsFirst-quarter earnings season is virtually in the books. A look back shows stock-market investors were in a mood to punish shares of companies that... Is it ever otherwise? As they say, 'bulls take the stairs, bears take the elevator.' Like always What the hell does John Malkovich have to do with it?
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: WSJ - 🏆 98. / 63 Read more »