Pure Storage Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Pure Storage stock.
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20 brokers have issued 1-year price objectives for Pure Storage's stock. Their PSTG stock forecasts range from $23.00 to $48.00. On average, they anticipate Pure Storage's stock price to reach $36.05 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price.
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Pure Storage's stock was trading at $32.55 at the beginning of the year. Since then, PSTG stock has decreased by 17.2% and is now trading at $26.95.
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Pure Storage is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
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Pure Storage, Inc. (NYSE:PSTG) announced its quarterly earnings results on Wednesday, June, 1st. The technology company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.23) by $0.24. The technology company had revenue of $620.41 million for the quarter, compared to analyst estimates of $521.81 million. Pure Storage had a negative net margin of 2.96% and a positive trailing twelve-month return on equity of 4.26%. The company's quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) EPS.
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Pure Storage updated its FY 2023 earnings guidance on Wednesday, June, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.66 billion-$2.66 billion, compared to the consensus revenue estimate of $2.59 billion.

117 employees have rated Pure Storage CEO Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among Pure Storage's employees.

Some companies that are related to Pure Storage include Seagate Technology (STX), NetApp (NTAP), Western Digital (WDC), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Pure Storage investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Nutanix (NTNX), Micron Technology (MU), Advanced Micro Devices (AMD), Square (SQ), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and Marvell Technology (MRVL).

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

Pure Storage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.17%), Champlain Investment Partners LLC (4.91%), First Trust Advisors LP (2.78%), William Blair Investment Management LLC (2.63%), Disciplined Growth Investors Inc. MN (1.70%) and Polar Capital Holdings Plc (1.31%). Company insiders that own Pure Storage stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Gregory Tomb, P Kevan Krysler, Scott Dietzen and Timothy Riitters.
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PSTG stock was sold by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Champlain Investment Partners LLC, Goldman Sachs Group Inc., First Trust Advisors LP, Bank of New York Mellon Corp, Acadian Asset Management LLC, Canada Pension Plan Investment Board, and 1832 Asset Management L.P.. Company insiders that have sold Pure Storage company stock in the last two years include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Gregory Tomb, P Kevan Krysler, and Scott Dietzen.
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PSTG stock was purchased by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Principal Financial Group Inc., Assenagon Asset Management S.A., Prudential Financial Inc., Renaissance Technologies LLC, Federated Hermes Inc., Cookson Peirce & Co. Inc., and Twin Tree Management LP.
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Shares of PSTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSTG stock can currently be purchased for approximately $26.95.

Pure Storage (NYSE:PSTG) has a market capitalization of $8.04 billion and generates $2.18 billion in revenue each year. The technology company earns $-143.26 million in net income (profit) each year or ($0.25) on an earnings per share basis.

Pure Storage employs 4,200 workers across the globe.

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The official website for Pure Storage is www.purestorage.com. The technology company can be reached via phone at (800) 379-7873, via email at [email protected], or via fax at 650-625-9667.