Upside Visualized in GrubHub (GRUB); Pure Storage (PSTG) Outstanding Revenue Growth

GrubHub_GRUB

Investment analysts at Mizuho have initiated coverage on GrubHub Inc. (NYSE:GRUB) stock with a Buy rating and a price target of $31.00, representing an upside potential of 18.46% versus its price at close on Wednesday’s trading session of $26.17 per share

GrubHub recently reported third quarter 2015 revenues of $85.7 million and non-GAAP net income of $11.5 million, or $0.13 per diluted share, an increase of 38% and 13% respectively versus the same period the prior year. The company expects revenue for the next quarter to be in a range of $98 million to $100 million

GrubHub, one of the nation’s largest portfolios of online and mobile takeout food ordering and delivery services, has 84.93M Shares Outstanding, Market Capitalization (intraday) of $2.22B and GRUB stock one-year range is from $22.49 to $47.95 per share

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Pure_Storage_PSTG

Shares of Pure Storage, Inc. (NYSE:PSTG) climbed more than 15% in pre-market trading Thursday after the company delivered quarterly earnings and revenue numbers above Wall Street analysts’ expectations

For its third quarter fiscal 2016, Pure Storage posted revenue of $131.4 million, an impressive 167% increase year over year, and non-GAAP net loss of ($29.1) million, or ($0.18) per share, compared to non-GAAP net loss of ($33.7) million, or ($0.22) per share, topping the Capital IQ Consensus Estimate of ($0.31) loss per share on revenues of $107.4 million for the period. According to its business outlook for the next quarter, the company expects revenue to be between $134 million and $139 million

PSTG stock closed at $13.92, up $0.19 (or +1.38%), and 2,329,256 of its shares exchanged hands in the last trading session

Pure Storage, which provides an enterprise data storage platform in the United States, Europe, and Asia, has 25.00M Shares Outstanding, Market Capitalization (intraday) of $2.58B and PSTG stock 52-week range is from $12.26 to $20.60 per share

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