Pure Storage (PSTG) Stock Price, News & Analysis

Company Overview

Pure Storage, Inc. is a leading provider of enterprise data storage solutions, specializing in all-flash storage arrays and cloud-based data services. Founded in 2009 and headquartered in Mountain View, California, Pure Storage has built a reputation for delivering high-performance storage platforms that enable organizations to accelerate their digital transformation initiatives. The company’s core mission is to simplify the management of data infrastructure while optimizing storage efficiency and reliability.

At the heart of Pure Storage’s product portfolio are its FlashArray and FlashBlade systems. FlashArray//X and FlashArray//C arrays offer block storage for mission-critical workloads, combining low latency with secure data protection features. FlashBlade provides scale-out file and object storage designed for modern applications such as analytics, artificial intelligence, and machine learning. Complementing these hardware platforms, Pure1 delivers a cloud-based management and support ecosystem, while Pure Cloud Block Store and Pure Cloud Data Services extend the company’s storage capabilities into public cloud environments.

Pure Storage serves a broad range of industries across North America, Europe, the Asia-Pacific region, and Latin America. Its solutions are deployed in sectors including financial services, healthcare, government, telecommunications, and manufacturing, where high availability and rapid data access are paramount. By leveraging a subscription-based Evergreen model, Pure Storage ensures customers can continually upgrade their hardware and software without disruptive forklift upgrades or lengthy migrations.

Since 2017, Charles Giancarlo has led Pure Storage as Chief Executive Officer, driving strategic growth and innovation initiatives. The company’s leadership team includes seasoned executives in research and development, sales, and operations, supported by co-founders and a board of directors with deep expertise in storage technology and enterprise IT. Through collaboration with a global network of partners and resellers, Pure Storage continues to expand its footprint and deliver next-generation storage solutions to organizations worldwide.

Key Stats

• Today's Range: $55.61 to $56.99
• 50-Day Range: $45.32 to $57.71
• 52-Week Range: $34.51 to $73.67
• Volume: 2.21 million shs
• Average Volume: 2.91 million shs
• Market Capitalization: $18.34 billion
• P/E Ratio: 151.71
• Dividend Yield: N/A
• Price Target: $69.95
• Consensus Rating: Moderate Buy

Pure Storage Stock Analysis - MarketRank™

Pure Storage scored higher than 86% of companies evaluated by MarketBeat, and ranked 115th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Pure Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 14 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Pure Storage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 61.36%

Earnings Growth

Earnings for Pure Storage are expected to grow by 61.36% in the coming year, from $0.44 to $0.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Pure Storage is 151.71, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pure Storage is 151.71, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 36.89.

Price to Earnings Growth Ratio

Pure Storage has a PEG Ratio of 5.39. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Pure Storage has a P/B Ratio of 14.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.97% of the float of Pure Storage has been sold short.

Short Interest Ratio / Days to Cover

Pure Storage has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Pure Storage has recently increased by 5.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Pure Storage does not currently pay a dividend.

Dividend Growth

Pure Storage does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -1.11

Percentage of Shares Shorted

3.97% of the float of Pure Storage has been sold short.

Short Interest Ratio / Days to Cover

Pure Storage has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Pure Storage has recently increased by 5.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.26

News Sentiment

Pure Storage has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Pure Storage this week, compared to 13 articles on an average week.

Search Interest

Only 7 people have searched for PSTG on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Pure Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Pure Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,713,802.00 in company stock.

Percentage Held by Insiders

Only 5.60% of the stock of Pure Storage is held by insiders.

Percentage Held by Institutions

83.42% of the stock of Pure Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PSTG Stock Analysis - Frequently Asked Questions

How have PSTG shares performed this year?

Pure Storage's stock was trading at $61.43 on January 1st, 2025. Since then, PSTG stock has decreased by 8.6% and is now trading at $56.13.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its earnings results on Wednesday, May, 28th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The company's revenue was up 12.3% on a year-over-year basis.
Read the conference call transcript.

Does Pure Storage have any subsidiaries?

Pure Storage subsidiaries include Portworx, Compuverde, StorReduce, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, and more.

Who are Pure Storage's major shareholders?

Pure Storage's top institutional investors include Michael S. Ryan Inc. and Crumly & Associates Inc.. Insiders that own company stock include John Colgrove, P Kevan Krysler, Ajay Singh, Scott Dietzen, Dan Fitzsimons, Mona Chu, Mallun Yen, Gregory Tomb, Andrew William Fraser Brown, John Francis Murphy and Roxanne Taylor.
View institutional ownership trends.

How do I buy shares of Pure Storage?

Shares of PSTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Pure Storage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pure Storage investors own include CRISPR Therapeutics (CRSP), Opendoor Technologies (OPEN), NVIDIA (NVDA), Meta Platforms (META), Chevron (CVX), Bristol Myers Squibb (BMY) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 5/28/2025
• Today: 7/07/2025
• Next Earnings (Estimated): 8/27/2025
• Fiscal Year End: 1/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: COMP - STORAGE DE
• Sub-Industry: Computer Hardware
• Current Symbol: NYSE:PSTG
• CIK: 1474432
• Web: www.purestorage.com
• Phone: (800) 379-7873
• Fax: 650-625-9667
• Employees: 6,000
• Year Founded: 2009

Price Target and Rating

• Average Stock Price Target: $69.95
• High Stock Price Target: $93.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: +24.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.65
• Research Coverage: 20 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.37
• Trailing P/E Ratio: 151.71
• Forward P/E Ratio: 127.57
• P/E Growth: 5.39
• Net Income: $106.74 million
• Net Margins: 3.93%
• Pretax Margin: 5.41%
• Return on Equity: 13.98%
• Return on Assets: 4.91%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.61
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $3.17 billion
• Price / Sales: 5.79
• Cash Flow: $0.87 per share
• Price / Cash Flow: 64.87
• Book Value: $4.01 per share
• Price / Book: 14.00

Miscellaneous

• Outstanding Shares: 326,830,000
• Free Float: 308,529,000
• Market Cap: $18.34 billion
• Optionable: Optionable
• Beta: 1.06