Analysts at JMP Securities maintain a Market Outperform rating on Pure Storage Inc with an unchanged $16 price target in reaction to the company's "strong" earnings report and encouraging guidance. Q1 In Review According to JMP's John Lucia, Pure Storage's $0.14 per share loss in the fiscal first quarter was better than the $0.21 per share loss he was expecting while revenue of $183 million also came in above expectations of $177 million. Lucia added that the company's fiscal second quarter outlook implies an earnings per share of ($0.15), which is one cent better than he had modeled. Also, revenue of $214 million–$222 million is mostly above his $216 million estimate and matches the consensus estimate of $214 on the low end of the range.Source