NYSE:PSTG - Pure Storage Stock Price, News, & Analysis

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$17.99 +0.57 (+3.27 %)
(As of 12/13/2018 04:22 AM ET)
Previous Close$17.42
Today's Range$17.72 - $18.49
52-Week Range$15.81 - $29.14
Volume2.90 million shs
Average Volume3.31 million shs
Market Capitalization$4.02 billion
P/E Ratio-21.42
Dividend YieldN/A
Beta1.73
Pure Storage, Inc. engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution. Its data platform is used for a range of use cases, including database applications, large-scale analytics, private and public cloud infrastructure, Webscale applications, virtual server infrastructure, and virtual desktop infrastructure; and helps customers scale their businesses through real-time and accurate analytics, increase employee productivity, improve operational efficiency, and deliver compelling user experiences to their customers and partners. The company serves large and mid-size organizations across various industries, such as cloud-based software and service providers, consumer Web, education, energy, financial services, government, healthcare, manufacturing, media, retail, and telecommunications through a network of distribution 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 founded in 2009 and is headquartered in Mountain View, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:PSTG
Previous Symbol
CUSIPN/A
Phone800-379-7873

Debt

Debt-to-Equity Ratio0.63
Current Ratio3.64
Quick Ratio3.52

Price-To-Earnings

Trailing P/E Ratio-21.42
Forward P/E Ratio-31.02
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.02 billion
Price / Sales4.06
Cash FlowN/A
Price / Cash FlowN/A
Book Value$2.25 per share
Price / Book8.00

Profitability

EPS (Most Recent Fiscal Year)($0.84)
Net Income$-177,600,000.00
Net Margins-12.89%
Return on Equity-23.88%
Return on Assets-9.67%

Miscellaneous

Employees2,100
Outstanding Shares230,880,000
Market Cap$4.02 billion
OptionableOptionable

Pure Storage (NYSE:PSTG) Frequently Asked Questions

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) released its quarterly earnings results on Monday, November, 19th. The technology company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.03. The technology company earned $372.80 million during the quarter, compared to the consensus estimate of $367.37 million. Pure Storage had a negative return on equity of 23.88% and a negative net margin of 12.89%. Pure Storage's revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. View Pure Storage's Earnings History.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Pure Storage.

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

Pure Storage updated its fourth quarter earnings guidance on Monday, November, 19th. The company provided earnings per share (EPS) guidance of $438-446 mln for the period, compared to the Thomson Reuters consensus estimate of $0.18. Pure Storage also updated its FY 2019 guidance to EPS.

What price target have analysts set for PSTG?

24 equities research analysts have issued twelve-month target prices for Pure Storage's shares. Their forecasts range from $20.00 to $34.00. On average, they anticipate Pure Storage's share price to reach $26.4091 in the next year. This suggests a possible upside of 46.8% from the stock's current price. View Analyst Price Targets for Pure Storage.

What is the consensus analysts' recommendation for Pure Storage?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 7 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pure Storage.

What are Wall Street analysts saying about Pure Storage stock?

Here are some recent quotes from research analysts about Pure Storage stock:
  • 1. According to Zacks Investment Research, "Pure Storage delivered stellar third-quarter results. Robust business fundamentals and strong go-to-market strategies drove top line growth. The company continues to gain from adoption of its strong product portfolio including the likes of FlashArray and FlashBlade. Additionally, the company’s data platform for cloud is gaining traction. The transition to cloud-capable storage for data integrity and predictive analytics bodes well for Pure Storage. The stock has outperformed the industry in the past year. Expanding customer base is a positive. Further, strengthening partnership with NVIDIA is likely to bolster its growth prospects and expand product offerings. Pure Storage also raised fiscal 2019 revenue guidance. However, increasing competition from established storage players like HPE and NetApp is a major concern. Also, lack of big international customers is a headwind." (11/22/2018)
  • 2. Maxim Group analysts commented, "Solid results relative to guidance due to strength with FlashBlade. In-line guidance, S&M spend appears to be on track for just 21% y/y growth in FY19, which is incrementally concerning from our perspective. Cloud data services needs to mature before becoming impactful, in our view. Reiterating Hold rating and reducing 12-month price target to $21, from $23." (11/20/2018)

Has Pure Storage been receiving favorable news coverage?

Media stories about PSTG stock have trended neutral recently, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pure Storage earned a news sentiment score of 0.3 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the next several days.

Who are some of Pure Storage's key competitors?

Who are Pure Storage's key executives?

Pure Storage's management team includes the folowing people:
  • Mr. Charles H. Giancarlo, CEO & Chairman (Age 60)
  • Mr. David M. Hatfield, Pres (Age 49)
  • Mr. John Colgrove, Founder, CTO & Director (Age 55)
  • Mr. John Hayes, Founder & Advisor
  • Mr. Timothy Riitters, Chief Financial Officer (Age 45)

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (7.59%), BlackRock Inc. (7.11%), Vanguard Group Inc. (6.66%), William Blair Investment Management LLC (4.83%), Renaissance Technologies LLC (3.28%) and Alliancebernstein L.P. (2.15%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, Michelangelo Volpi, Scott Dietzen, Stefan A Dyckerhoff and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

Which institutional investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Renaissance Technologies LLC, Franklin Resources Inc., Monashee Investment Management LLC, Teachers Advisors LLC, Maple Rock Capital Partners Inc., Paloma Partners Management Co and TIAA CREF Investment Management LLC. Company insiders that have sold Pure Storage company stock in the last year include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Which institutional investors are buying Pure Storage stock?

PSTG stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, FMR LLC, Vanguard Group Inc., First Trust Advisors LP, BlackRock Inc., Morgan Stanley, JPMorgan Chase & Co. and Los Angeles Capital Management & Equity Research Inc.. View Insider Buying and Selling for Pure Storage.

How do I buy shares of Pure Storage?

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

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $17.99.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $4.02 billion and generates $1.02 billion in revenue each year. The technology company earns $-177,600,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis. Pure Storage employs 2,100 workers across the globe.

What is Pure Storage's official website?

The official website for Pure Storage is http://www.purestorage.com.

How can I contact Pure Storage?

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The technology company can be reached via phone at 800-379-7873 or via email at [email protected]


MarketBeat Community Rating for Pure Storage (NYSE PSTG)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  485 (Vote Outperform)
Underperform Votes:  328 (Vote Underperform)
Total Votes:  813
MarketBeat's community ratings are surveys of what our community members think about Pure Storage and other stocks. Vote "Outperform" if you believe PSTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/13/2018 by MarketBeat.com Staff

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