NYSE:PSTGTech
Pure Storage (PSTG) Valuation Check As $400 Million Buyback Signals Stronger Shareholder Return Focus
Pure Storage (PSTG) shares moved 1.8% higher after the company unveiled a new $400 million share repurchase authorization, its largest to date, highlighting an expanded approach to shareholder returns.
See our latest analysis for Pure Storage.
The new buyback news comes after a mixed stretch for the shares, with a 7.40% year to date share price return and a 24.04% decline over the past 90 days. However, longer term momentum remains strong with a 5 year total shareholder return of 198.63%.
If...