Pure Storage Company Profile (NYSE:PSTG)

About Pure Storage (NYSE:PSTG)

Pure Storage logoPure Storage, Inc. provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. Its business model replaces the forklift upgrade cycle with an Evergreen Storage model. Its primary offerings include its FlashArray and FlashBlade products, inclusive of its Purity Operating Environment (Purity OE) software, its Pure1 cloud-based software, and FlashStack, its joint converged infrastructure solution with Cisco. Its customers include large and mid-size organizations across a diverse set of industry verticals, including cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Data Storage Devices
  • Sub-Industry: N/A
  • Symbol: NYSE:PSTG
  • CUSIP: N/A
  • Web: www.purestorage.com
Capitalization:
  • Market Cap: $2.23 billion
  • Outstanding Shares: 206,611,000
Average Prices:
  • 50 Day Moving Avg: $10.74
  • 200 Day Moving Avg: $11.49
  • 52 Week Range: $9.12 - $15.14
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -180.17
  • P/E Growth: -0.91
Sales & Book Value:
  • Annual Revenue: $727.98 million
  • Price / Sales: 3.07
  • Book Value: $2.34 per share
  • Price / Book: 4.62
Profitability:
  • EBIDTA: ($166,000,000.00)
  • Net Margins: -37.84%
  • Return on Equity: -41.13%
  • Return on Assets: -25.00%
Debt:
  • Current Ratio: 3.17%
  • Quick Ratio: 3.08%
Misc:
  • Average Volume: 1.71 million shs.
  • Beta: 0.78
  • Short Ratio: 6.71
 

Frequently Asked Questions for Pure Storage (NYSE:PSTG)

What is Pure Storage's stock symbol?

Pure Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSTG."

How were Pure Storage's earnings last quarter?

Pure Storage Inc (NYSE:PSTG) issued its quarterly earnings results on Wednesday, May, 24th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.08. The company earned $182.60 million during the quarter, compared to analyst estimates of $176.13 million. Pure Storage had a negative return on equity of 41.13% and a negative net margin of 37.84%. The company's quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) earnings per share. View Pure Storage's Earnings History.

Where is Pure Storage's stock going? Where will Pure Storage's stock price be in 2017?

25 brokers have issued 1 year price targets for Pure Storage's shares. Their predictions range from $10.00 to $22.00. On average, they anticipate Pure Storage's share price to reach $15.78 in the next year. View Analyst Ratings for Pure Storage.

What are analysts saying about Pure Storage stock?

Here are some recent quotes from research analysts about Pure Storage stock:

  • 1. Maxim Group analysts commented, "Above consensus results and July Q guidance likely driven by FlashArray outperformance. Flashblade ramp going roughly as expected, but risks still exist." (5/25/2017)
  • 2. According to Zacks Investment Research, "Pure Storage, Inc. offers enterprise data storage platform. The company's storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. It operates primarily in the United States, Europe and Asia. The company serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California. " (3/7/2017)
  • 3. Jefferies Group LLC analysts commented, "Q4 results were above the Street. However, consistent with our prior IT VAR survey results, Q4 guidance was disappointing. We believe this quarter's results potentially reflect the headwinds generated by the incumbency advantage of legacy vendors. We're looking for another entry point." (3/2/2017)
  • 4. Robert W. Baird analysts commented, "Pure Storage reported FQ1 revenue/non-GAAP EPS of $228 million/($0.02), above the consensus estimate of $225 million/($0.08). Product gross margin of 66.6% was up 60 bps QoQ and down 170 bps YoY; still meaningfully higher than peers... Management guided FQ1 revenue/non-GAAP operating margin to $171-$179 million/(23%)-(27%), sharply below The Street's estimate of $201 million/(20%). The company also introduced F18 revenue guidance in the range of $975-$1,025 million, which was in line with consensus of $1 billion but assumes accelerating growth throughout the year." (3/2/2017)
  • 5. BMO Capital Markets analysts commented, "Pure Storage is scheduled to report F4Q17 results today after market close with a conference call to follow at 5:00 p.m. ET. Dial in: 877-201-0168. We are in line with consensus revenues and EPS for the January quarter, while we are above consensus revenues and a penny above EPS for the April quarter." (3/1/2017)

Who are some of Pure Storage's key competitors?

Who owns Pure Storage stock?

Pure Storage's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.61%), FMR LLC (2.78%), Vanguard Group Inc. (2.70%), Glynn Capital Management LLC (1.09%), Wellington Management Group LLP (1.04%) and Goldman Sachs Group Inc. (0.84%). Company insiders that own Pure Storage stock include Aneel Bhusri, Greylock Xiv Gp Llc, James N White, Michelangelo Volpi, Tiger Global Management Llc and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

Who sold Pure Storage stock? Who is selling Pure Storage stock?

Pure Storage's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, FMR LLC, United Services Automobile Association, Credit Suisse AG, Gilder Gagnon Howe & Co. LLC, Tenzing Global Management LLC, Firsthand Capital Management Inc. and Nationwide Fund Advisors. Company insiders that have sold Pure Storage stock in the last year include Michelangelo Volpi and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Who bought Pure Storage stock? Who is buying Pure Storage stock?

Pure Storage's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Think Investments LP, Renaissance Technologies LLC, Vanguard Group Inc., Teachers Advisors LLC, Ionic Capital Management LLC and TIAA CREF Investment Management LLC. Company insiders that have bought Pure Storage stock in the last two years include Aneel Bhusri, Greylock Xiv Gp Llc and James N White. View Insider Buying and Selling for Pure Storage.

How do I buy Pure Storage stock?

Shares of Pure Storage can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Pure Storage stock cost?

One share of Pure Storage stock can currently be purchased for approximately $10.81.

Analyst Ratings

Consensus Ratings for Pure Storage (NYSE:PSTG) (?)
Ratings Breakdown: 8 Hold Ratings, 17 Buy Ratings
Consensus Rating:Buy (Score: 2.68)
Consensus Price Target: $15.78 (46.00% upside)

Analysts' Ratings History for Pure Storage (NYSE:PSTG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/25/2017BMO Capital MarketsReiterated RatingBuy$15.00LowView Rating Details
5/25/2017Maxim GroupReiterated RatingBuy$20.00HighView Rating Details
5/25/2017Jefferies Group LLCReiterated RatingHold$11.50HighView Rating Details
5/18/2017Morgan StanleyDowngradeOverweight -> Equal Weight$17.00 -> $12.00HighView Rating Details
4/14/2017William BlairReiterated RatingBuyN/AView Rating Details
4/13/2017Robert W. BairdReiterated RatingHoldLowView Rating Details
4/4/2017CIBCReiterated RatingBuy$15.00MediumView Rating Details
4/4/2017Susquehanna Bancshares IncUpgradeNeutral -> Positive$12.00 -> $15.00MediumView Rating Details
4/3/2017Oppenheimer Holdings Inc.Set Price TargetBuy$15.00MediumView Rating Details
3/2/2017Needham & Company LLCReiterated RatingBuy$18.00 -> $15.00N/AView Rating Details
2/10/2017OTR GlobalUpgradePositiveN/AView Rating Details
12/4/2016BTIG ResearchReiterated RatingBuy$17.00N/AView Rating Details
12/4/2016Barclays PLCReiterated RatingEqual Weight$16.00N/AView Rating Details
12/4/2016JPMorgan Chase & Co.Reiterated RatingNeutral$13.00 -> $14.50N/AView Rating Details
12/4/2016FBN SecuritiesReiterated RatingOutperform$19.00N/AView Rating Details
12/2/2016Raymond James Financial, Inc.Reiterated RatingOutperform$18.00 -> $17.00N/AView Rating Details
12/1/2016Pacific CrestReiterated RatingBuy$18.00N/AView Rating Details
12/1/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
11/28/2016Stifel NicolausReiterated RatingBuy$20.00N/AView Rating Details
10/21/2016Wells Fargo & CoReiterated RatingMarket Perform$13.00N/AView Rating Details
8/26/2016KeyCorpBoost Price TargetOverweight$17.00 -> $18.00N/AView Rating Details
6/29/2016MacquarieInitiated CoverageOutperform$15.00N/AView Rating Details
6/23/2016Summit ResearchReiterated RatingHold$10.00N/AView Rating Details
5/26/2016Deutsche Bank AGDowngradeOutperform -> Market Perform$13.00N/AView Rating Details
5/26/2016Bank of America CorpBoost Price TargetBuy$18.00 -> $22.00N/AView Rating Details
3/3/2016Goldman Sachs Group IncBoost Price TargetNeutral$17.00 -> $18.00N/AView Rating Details
3/3/2016Lake Street CapitalReiterated RatingBuy$20.00 -> $21.00N/AView Rating Details
11/11/2015Sterne Agee CRTInitiated CoverageNeutral$20.00N/AView Rating Details
11/2/2015Evercore ISIInitiated CoverageBuy$21.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Pure Storage (NYSE:PSTG)
Earnings by Quarter for Pure Storage (NYSE:PSTG)
Earnings History by Quarter for Pure Storage (NYSE:PSTG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/24/2017Q1 2018($0.22)($0.14)$176.13 million$182.60 millionViewN/AView Earnings Details
3/1/2017Q417($0.08)($0.02)$224.37 million$227.90 millionViewListenView Earnings Details
11/30/2016Q317($0.15)($0.10)$192.36 million$197.00 millionViewN/AView Earnings Details
8/25/2016Q217($0.23)($0.16)$155.14 million$163.21 millionViewListenView Earnings Details
5/25/2016Q117($0.23)($0.22)$137.89 million$139.90 millionViewListenView Earnings Details
3/2/2016Q416($0.16)($0.12)$138.79 million$150.20 millionViewN/AView Earnings Details
12/2/2015Q316($0.30)($0.18)$106.57 million$131.36 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Pure Storage (NYSE:PSTG)
Current Year EPS Consensus Estimate: $-0.35 EPS
Next Year EPS Consensus Estimate: $-0.06 EPS

Dividends

Dividend History for Pure Storage (NYSE:PSTG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Pure Storage (NYSE:PSTG)
Insider Ownership Percentage: 46.58%
Institutional Ownership Percentage: 49.00%
Insider Trades by Quarter for Pure Storage (NYSE:PSTG)
Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)
Insider Trades by Quarter for Pure Storage (NYSE:PSTG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/21/2017Timothy RiittersCFOSell3,416$10.30$35,184.80View SEC Filing  
3/9/2017Michelangelo VolpiDirectorSell958,024$10.18$9,752,684.32View SEC Filing  
3/8/2017Michelangelo VolpiDirectorSell1,356,976$10.41$14,126,120.16View SEC Filing  
1/9/2017Michelangelo VolpiDirectorSell1,350,799$12.03$16,250,111.97View SEC Filing  
1/6/2017Michelangelo VolpiDirectorSell251,000$12.03$3,019,530.00View SEC Filing  
1/5/2017Michelangelo VolpiDirectorSell250,000$12.01$3,002,500.00View SEC Filing  
12/23/2016Timothy RiittersCFOSell4,900$11.75$57,575.00View SEC Filing  
12/22/2016Timothy RiittersCFOSell3,449$11.75$40,525.75View SEC Filing  
12/21/2016Michelangelo VolpiDirectorSell3,700$12.02$44,474.00View SEC Filing  
12/20/2016Michelangelo VolpiDirectorSell344,500$12.01$4,137,445.00View SEC Filing  
12/15/2016Timothy RiittersCFOSell5,000$11.94$59,700.00View SEC Filing  
9/21/2016Timothy RiittersCFOSell3,231$13.50$43,618.50View SEC Filing  
6/16/2016James N WhiteMajor ShareholderBuy66,000$10.12$667,920.00View SEC Filing  
4/4/2016Tiger Global Management LlcMajor ShareholderSell6,547,200$13.75$90,024,000.00View SEC Filing  
12/9/2015Aneel BhusriDirectorBuy206,887$17.95$3,713,621.65View SEC Filing  
12/9/2015Greylock Xiv Gp LlcMajor ShareholderBuy1,013,704$17.37$17,608,038.48View SEC Filing  
12/8/2015Aneel BhusriDirectorBuy1,175,125$17.01$19,988,876.25View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Pure Storage (NYSE:PSTG)
Latest Headlines for Pure Storage (NYSE:PSTG)
Source:
DateHeadline
americanbankingnews.com logoPure Storage Inc (PSTG) Given "Buy" Rating at BMO Capital Markets
www.americanbankingnews.com - May 25 at 12:01 PM
americanbankingnews.com logoMaxim Group Reaffirms "Buy" Rating for Pure Storage Inc (PSTG)
www.americanbankingnews.com - May 25 at 8:16 AM
finance.yahoo.com logoEdited Transcript of PSTG earnings conference call or presentation 24-May-17 8:30pm GMT
finance.yahoo.com - May 25 at 5:43 AM
streetinsider.com logoPure Storage, Inc. (PSTG) Tops Q1 EPS by 8c, Revs Beat
www.streetinsider.com - May 25 at 12:42 AM
americanbankingnews.com logoPure Storage Inc (PSTG) Posts Earnings Results
www.americanbankingnews.com - May 24 at 9:18 PM
marketwatch.com logoPure Storage soars on narrower-than-expected quarterly loss - MarketWatch
www.marketwatch.com - May 24 at 7:41 PM
streetinsider.com logoPure Storage, Inc. (PSTG) Tops Q1 EPS by 8c, Revs Beat - StreetInsider.com
www.streetinsider.com - May 24 at 7:41 PM
finance.yahoo.com logoPure Storage Announces First Quarter Fiscal 2018 Financial Results
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoPure Storage reports 1Q loss
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoPure Storage beats on top line
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoPure Storage Surges 11%: FYQ1 Easily Beats, Q2 View Rev Tops Consensus
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoHP tops Q2 targets as PC sales increase 10 percent
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoNetApp Slips: FYQ4 Beats, Q1 View Lite; Ups Dividend 5%
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoPure Storage Earnings, Outlook Top Estimates; Stock Rises
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoPure Storage soars on narrower-than-expected quarterly loss
finance.yahoo.com - May 24 at 7:41 PM
finance.yahoo.com logoPure FYQ1 On Tap: All Eyes on 'FlashBlade,' NAND Costs
finance.yahoo.com - May 23 at 6:46 PM
nasdaq.com logoWhat's in Store for Pure Storage (PSTG) in Q1 Earnings?
www.nasdaq.com - May 22 at 6:31 PM
finance.yahoo.com logoWhat's in Store for Pure Storage (PSTG) in Q1 Earnings?
finance.yahoo.com - May 22 at 6:31 PM
americanbankingnews.com logoPure Storage Inc (PSTG) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 22 at 2:17 PM
finance.yahoo.com logoPure Storage to Host Investor Day at Pure//Accelerate
finance.yahoo.com - May 19 at 12:10 PM
finance.yahoo.com logoPure Storage Downgraded at Morgan Stanley
finance.yahoo.com - May 19 at 12:10 PM
finance.yahoo.com logoWhy Shares of Pure Storage Are Down Today
finance.yahoo.com - May 19 at 12:10 PM
finance.yahoo.com logoPure Storage, Inc. breached its 50 day moving average in a Bearish Manner : PSTG-US : May 19, 2017
finance.yahoo.com - May 19 at 12:10 PM
americanbankingnews.com logoPure Storage Inc (PSTG) Downgraded to "Equal Weight" at Morgan Stanley
www.americanbankingnews.com - May 18 at 9:54 AM
finance.yahoo.com logoPure Storage Announces Second Annual Technology Conference, Pure//Accelerate 2017
finance.yahoo.com - May 17 at 7:16 PM
barrons.com logoNew Micron CEO Should Mull Pure Storage Buy - Barron's - Barron's
www.barrons.com - May 16 at 7:02 PM
americanbankingnews.com logoPure Storage Sees Unusually Large Options Volume (PSTG)
www.americanbankingnews.com - May 14 at 9:14 AM
streetinsider.com logoMicron (MU) Should Buy Pure Storage (PSTG) - Susquehanna - StreetInsider.com
www.streetinsider.com - May 12 at 8:07 AM
finance.yahoo.com logoPure Storage Announces New "NVMe Now" Promotion, Extends Evergreen Experience to VMAX, XtremIO
finance.yahoo.com - May 8 at 11:54 AM
americanbankingnews.com logo Brokerages Anticipate Pure Storage Inc (PSTG) Will Post Quarterly Sales of $176.37 Million
www.americanbankingnews.com - May 5 at 3:10 PM
finance.yahoo.com logoPure Storage to Announce First Quarter Fiscal 2018 Financial Results on May 24, 2017
finance.yahoo.com - May 4 at 7:34 PM
americanbankingnews.com logoPure Storage (PSTG) Receives Daily News Impact Score of 0.24
www.americanbankingnews.com - May 3 at 6:54 PM
americanbankingnews.com logoZacks: Analysts Expect Pure Storage Inc (PSTG) Will Announce Earnings of -$0.38 Per Share
www.americanbankingnews.com - May 3 at 2:03 PM
finance.yahoo.com logoPure Storage Among Four Stocks Ready to Breakout
finance.yahoo.com - May 2 at 5:11 PM
finance.yahoo.com logoPure Storage, Inc. – Value Analysis (NYSE:PSTG) : May 1, 2017
finance.yahoo.com - May 1 at 6:41 PM
americanbankingnews.com logoPure Storage (PSTG) Getting Somewhat Positive Press Coverage, Report Shows
www.americanbankingnews.com - April 30 at 9:46 AM
finance.yahoo.com logoPure Storage, Inc. breached its 50 day moving average in a Bullish Manner : PSTG-US : April 28, 2017
finance.yahoo.com - April 28 at 8:15 AM
finance.yahoo.com logoETFs with exposure to Pure Storage, Inc. : April 27, 2017
finance.yahoo.com - April 27 at 7:48 PM
americanbankingnews.com logoPure Storage Inc (PSTG) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 25 at 2:51 PM
americanbankingnews.com logoPure Storage (PSTG) Earns News Impact Score of 0.20
www.americanbankingnews.com - April 24 at 7:48 PM
finance.yahoo.com logoRubrik Partners With Pure Storage For Flashy Blade Backups
finance.yahoo.com - April 21 at 7:10 PM
americanbankingnews.com logoPure Storage (PSTG) Given Daily News Impact Score of 0.22
www.americanbankingnews.com - April 18 at 9:17 PM
finance.yahoo.com logoETFs with exposure to Pure Storage, Inc. : April 17, 2017
finance.yahoo.com - April 17 at 6:28 PM
americanbankingnews.com logoPure Storage (PSTG) Earning Somewhat Positive Press Coverage, Study Shows
www.americanbankingnews.com - April 15 at 5:15 PM
americanbankingnews.com logoPure Storage's (PSTG) "Outperform" Rating Reaffirmed at William Blair
www.americanbankingnews.com - April 14 at 10:34 PM
americanbankingnews.com logoPure Storage Inc (PSTG) Expected to Announce Quarterly Sales of $176.37 Million
www.americanbankingnews.com - April 14 at 1:58 PM
americanbankingnews.com logoPure Storage Inc (PSTG) Receives "Hold" Rating from Robert W. Baird
www.americanbankingnews.com - April 13 at 7:26 PM
finance.yahoo.com logoPure Storage Shows Off R&D Spend On New DirectFlash
finance.yahoo.com - April 13 at 9:39 AM
finance.yahoo.com logoPure Storage announces next generation Flash arrays
finance.yahoo.com - April 11 at 10:17 AM
finance.yahoo.com logoPure Storage launches NVMe flash storage array
finance.yahoo.com - April 11 at 10:17 AM

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Chart

Pure Storage (PSTG) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff