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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
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Can the Dow's 2023 Runaway Winners Keep Running?
Having Trouble in Your Trading? (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Having Trouble in Your Trading? (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Having Trouble in Your Trading? (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?

Pure Storage (PSTG) Stock Forecast, Price & News

$28.81
-0.59 (-2.01%)
(As of 05/31/2023 ET)
Compare
Today's Range
$28.44
$29.40
50-Day Range
$22.22
$29.40
52-Week Range
$22.14
$32.45
Volume
12.83 million shs
Average Volume
4.01 million shs
Market Capitalization
$8.87 billion
P/E Ratio
137.19
Dividend Yield
N/A
Price Target
$37.53

Pure Storage MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.3% Upside
$37.53 Price Target
Short Interest
Healthy
2.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.73mentions of Pure Storage in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$1.20 M Sold Last Quarter
Proj. Earnings Growth
131.58%
From $0.19 to $0.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.02 out of 5 stars

Computer And Technology Sector

3rd out of 621 stocks

Computer Storage Devices Industry

1st out of 5 stocks


PSTG stock logo

About Pure Storage (NYSE:PSTG) Stock

Pure Storage, Inc. engages in the business of delivering innovative and disruptive data storage, products, and services that enable customers to maximize the value of data. The firm is also involved in the provision of data storage and management with a mission to redefine the storage experience by simplifying how people consume and interact with data. The company was founded by John M. Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.

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PSTG Stock News Headlines

3 Attractive Mid-Cap Tech Stocks Getting Set to Report (PSTG)
With plenty more earnings reports yet to come, traders may want to keep an eye on these potentially bullish mid-cap tech releases.
Pure Storage (NYSE:PSTG) Raised to Buy at StockNews.com
This Company Is Solving A Multi-Billion Dollar Problem!
This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!
Pure Storage: Q1 Earnings Insights
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Pure Storage Unusual Options Activity
Pure Storage (NYSE:PSTG) Upgraded at StockNews.com
Pure Storage (NYSE:PSTG) Cut to "Hold" at StockNews.com
See More Headlines
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PSTG Company Calendar

Last Earnings
11/23/2021
Today
6/01/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
5,100
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$37.53
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+30.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
14 Analysts

Profitability

Net Income
$73.07 million
Pretax Margin
3.33%

Debt

Sales & Book Value

Annual Sales
$2.75 billion
Cash Flow
$0.73 per share
Book Value
$3.22 per share

Miscellaneous

Free Float
288,022,000
Market Cap
$8.87 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives

  • Charles H. Giancarlo
    Chairman & Chief Executive Officer
  • Michael Fitzgerald
    Vice President-Operations
  • Kevan KryslerKevan Krysler
    Chief Financial Officer
  • Robert Lee
    Chief Technology Officer
  • Andy Martin
    Vice President & General Manager-Americas Sales













PSTG Stock - Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 1 hold rating, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PSTG shares.
View PSTG analyst ratings
or view top-rated stocks.

What is Pure Storage's stock price forecast for 2023?

14 Wall Street research analysts have issued 12-month target prices for Pure Storage's stock. Their PSTG share price forecasts range from $31.00 to $47.00. On average, they predict the company's share price to reach $37.53 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
View analysts price targets for PSTG
or view top-rated stocks among Wall Street analysts.

How have PSTG shares performed in 2023?

Pure Storage's stock was trading at $26.76 at the beginning of 2023. Since then, PSTG stock has increased by 7.7% and is now trading at $28.81.
View the best growth stocks for 2023 here
.

Are investors shorting Pure Storage?

Pure Storage saw a drop in short interest in April. As of April 30th, there was short interest totaling 9,130,000 shares, a drop of 25.7% from the April 15th total of 12,280,000 shares. Based on an average daily trading volume, of 5,260,000 shares, the short-interest ratio is presently 1.7 days.
View Pure Storage's Short Interest
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) posted its quarterly earnings data on Tuesday, November, 23rd. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.12 by $0.10. The technology company had revenue of $562.74 million for the quarter, compared to analysts' expectations of $530.66 million. Pure Storage had a trailing twelve-month return on equity of 16.59% and a net margin of 2.65%. The firm's quarterly revenue was up 37.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) EPS.

What is Charles Giancarlo's approval rating as Pure Storage's CEO?

117 employees have rated Pure Storage Chief Executive Officer Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Pure Storage own?

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), Block (SQ), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and Marvell Technology (MRVL).

What is Pure Storage's stock symbol?

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

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (14.73%), BlackRock Inc. (5.07%), Champlain Investment Partners LLC (4.67%), Price T Rowe Associates Inc. MD (4.57%), Atreides Management LP (2.36%) and State Street Corp (1.44%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Dan Fitzsimons, Gregory Tomb, P Kevan Krysler, Roxanne Taylor and Scott Dietzen.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $28.81.

How much money does Pure Storage make?

Pure Storage (NYSE:PSTG) has a market capitalization of $8.87 billion and generates $2.75 billion in revenue each year. The technology company earns $73.07 million in net income (profit) each year or $0.21 on an earnings per share basis.

How many employees does Pure Storage have?

The company employs 5,100 workers across the globe.

Does Pure Storage have any subsidiaries?
The following companies are subsidiares of Pure Storage: Compuverde, Portworx, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, Pure Storage Belgium BVBA, Pure Storage Bilgi Teknolojileri Limited Şirketi, Pure Storage Canada Limited, Pure Storage Czech Republic s.r.o., Pure Storage France SARL, Pure Storage Germany GmbH, Pure Storage HK Ltd, Pure Storage Holdings Inc., Pure Storage India Private Limited, Pure Storage International Inc., Pure Storage International Limited, Pure Storage Italy SRL, Pure Storage Japan KK, Pure Storage Korea Co Ltd, Pure Storage LLC, Pure Storage Ltd (UK), Pure Storage Malaysia SDN BHD, Pure Storage Mexico S. de R.L. de C.V., Pure Storage Netherlands BV, Pure Storage New Zealand Limited, Pure Storage Poland sp. z o.o., Pure Storage Singapore Pte Ltd, Pure Storage South Africa (Pty) Ltd, Pure Storage Spain SLU, Pure Storage Sweden AB, Pure Storage Switzerland GmbH, Pure Storage do Brasil Solucoes e Servicos de Armazenamento de Dados Ltda, and StorReduce.
Read More
How can I contact Pure Storage?

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

This page (NYSE:PSTG) was last updated on 6/1/2023 by MarketBeat.com Staff

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