NEW YORK (TheStreet) -- Shares of Pure Storage (PSTG) - Get Pure Storage, Inc. Class A Report were increasing in mid-afternoon trading on Tuesday ahead of the company's 2017 fiscal second quarter results, due out after Thursday's closing bell.

Analysts surveyed by Thomson Reuters are expecting a loss of 23 cents per share on revenue of $115.14 million.

Pure Storage went public in October 2015.

Late last week, the stock was downgraded to "negative" from "mixed" at OTR Global.

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The new rating follows survey results that indicated heightened competition, pricing pressures and weaker-than-anticipated pipelines for the fiscal third quarter, the firm said.

The Mountain View, CA-based company provides an enterprise data storage platform.

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