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What's in Store for Pure Storage (PSTG) in Q2 Earnings?

Enterprise data storage firm Pure Storage, Inc. PSTG is scheduled to report second-quarter fiscal 2017 (ended Jul 2016) results after the market closes on Aug 25. In the last reported quarter, earnings missed the Zacks Consensus Estimate by a penny. Over the trailing four quarters, the company missed earnings estimates twice with an average negative earnings surprise of 9.61%.

Let’s see how things are shaping up for this announcement.

Key Factors in the Second Quarter

Pure Storage enhanced its capabilities with the advancement of its new EvergreenStorage. The EvergreenStorage launched in early 2014, is a storage procurement and ownership model. The upgraded model will enable customers to acquire, run and non-disruptively improve storage using updated investment protection methods. Such enhancements in its existing products will help expand its customer base and augment its revenues.

During the quarter, the company was awarded the National Information Assurance...