S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

Pure Storage (PSTG) Stock Price, News & Analysis

$53.43
-1.56 (-2.84%)
(As of 04/12/2024 ET)
Today's Range
$53.16
$54.75
50-Day Range
$39.22
$57.16
52-Week Range
$22.14
$58.46
Volume
2.71 million shs
Average Volume
2.93 million shs
Market Capitalization
$17.36 billion
P/E Ratio
314.31
Dividend Yield
N/A
Price Target
$50.53

Pure Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
5.4% Downside
$50.53 Price Target
Short Interest
Healthy
2.52% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.55mentions of Pure Storage in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$3.99 M Sold Last Quarter
Proj. Earnings Growth
43.18%
From $0.44 to $0.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.92 out of 5 stars

Computer And Technology Sector

179th out of 591 stocks

Computer Storage Devices Industry

3rd out of 5 stocks

PSTG stock logo

About Pure Storage Stock (NYSE:PSTG)

Pure Storage, Inc., together with its subsidiaries, provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.

PSTG Stock Price History

PSTG Stock News Headlines

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Oracle Stock is Ready to Stage its Next Leg Higher (PSTG)
Oracle Co. (NYSE: ORCL) is a giant in the computer and technology sector that originally got its start as the leader in relational databases in the 1980s.
Pure Storage (NYSE:PSTG) Stock Price Down 1.8%
Pure Storage (NYSE:PSTG) PT Raised to $65.00
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Pure Storage (NYSE:PSTG) Stock Price Up 1.5% on Analyst Upgrade
Pure Storage: Optimistic On The Growth Runway Ahead
A Closer Look at 17 Analyst Recommendations For Pure Storage
Pure Storage (NYSE:PSTG) Shares Down 0.7% on Insider Selling
Pure Storage (NYSE:PSTG) Shares Down 3.3% After Insider Selling
Pure Storage (NYSE:PSTG) Shares Up 1.3%
Pure Storage Inc. Cl A
PSTG Dec 2024 50.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/14/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
5,600
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$50.53
High Stock Price Target
$66.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-5.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
16 Analysts

Profitability

Net Income
$61.31 million
Pretax Margin
3.20%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$0.86 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
303,791,000
Market Cap
$17.36 billion
Optionable
Optionable
Beta
1.15

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PSTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSTG shares.
View PSTG analyst ratings
or view top-rated stocks.

What is Pure Storage's stock price target for 2024?

16 Wall Street analysts have issued twelve-month price objectives for Pure Storage's stock. Their PSTG share price targets range from $40.00 to $66.00. On average, they predict the company's share price to reach $50.53 in the next twelve months. This suggests that the stock has a possible downside of 5.4%.
View analysts price targets for PSTG
or view top-rated stocks among Wall Street analysts.

How have PSTG shares performed in 2024?

Pure Storage's stock was trading at $35.66 at the beginning of the year. Since then, PSTG shares have increased by 49.8% and is now trading at $53.43.
View the best growth stocks for 2024 here
.

Are investors shorting Pure Storage?

Pure Storage saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 8,590,000 shares, a decrease of 17.7% from the February 29th total of 10,440,000 shares. Based on an average daily volume of 4,950,000 shares, the days-to-cover ratio is presently 1.7 days.
View Pure Storage's Short Interest
.

When is Pure Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our PSTG earnings forecast
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) released its quarterly earnings data on Wednesday, February, 28th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.10. The technology company earned $789.81 million during the quarter, compared to the consensus estimate of $784.31 million. Pure Storage had a net margin of 2.17% and a trailing twelve-month return on equity of 12.60%. Pure Storage's revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS.

What guidance has Pure Storage issued on next quarter's earnings?

Pure Storage issued an update on its first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $680.0 million-$680.0 million, compared to the consensus revenue estimate of $667.3 million.

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).

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.03%), Leibman Financial Services Inc. (0.02%), FCF Advisors LLC (0.01%), Radnor Capital Management LLC (0.01%), Moody National Bank Trust Division (0.00%) and Michael S. Ryan Inc. (0.00%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Dan Fitzsimons, Gregory Tomb, John Francis Murphy, Mallun Yen, Mona Chu, P Kevan Krysler 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.
Compare Top Brokerages Here.

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
This page (NYSE:PSTG) was last updated on 4/14/2024 by MarketBeat.com Staff

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