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Pure Storage (PSTG) Stock Price, News & Analysis

$40.56
-0.63 (-1.53%)
(As of 02/23/2024 ET)
Today's Range
$40.52
$41.46
50-Day Range
$34.81
$44.76
52-Week Range
$22.14
$45.34
Volume
3.85 million shs
Average Volume
5.33 million shs
Market Capitalization
$12.82 billion
P/E Ratio
213.48
Dividend Yield
N/A
Price Target
$42.38

Pure Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
5.1% Upside
$42.63 Price Target
Short Interest
Healthy
3.55% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.38mentions of Pure Storage in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$876,495 Sold Last Quarter
Proj. Earnings Growth
41.94%
From $0.31 to $0.44 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.

4.55 out of 5 stars

Computer And Technology Sector

81st out of 583 stocks

Computer Storage Devices Industry

2nd 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

Why Pure Storage Stock Rallied on Thursday
Why Pure Storage Stock Rallied on Thursday
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Pure Storage Inc (PSTG)
Pure Storage (PSTG) Scheduled to Post Earnings on Wednesday
Peering Into Pure Storage's Recent Short Interest
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
PSTG Aug 2024 60.000 put
PSTG Mar 2024 33.000 put
PSTG Jan 2026 60.000 put
PSTG Mar 2024 48.000 put
PSTG Mar 2024 28.000 call
PSTG Mar 2024 50.000 put
Pure Storage (NYSE:PSTG) Stock Rating Lowered by Stifel Nicolaus
Pure Storage just downgraded at Stifel, here's why
Forecasting The Future: 8 Analyst Projections For Pure Storage
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
2/23/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
1/31/2025

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 Target
$42.63
High Stock Price Target
$51.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$73.07 million
Pretax Margin
3.55%

Debt

Sales & Book Value

Annual Sales
$2.75 billion
Cash Flow
$0.72 per share
Book Value
$3.22 per share

Miscellaneous

Free Float
295,435,000
Market Cap
$12.82 billion
Optionable
Optionable
Beta
1.11

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PSTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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?

15 brokerages have issued 1-year price targets for Pure Storage's shares. Their PSTG share price targets range from $38.00 to $51.00. On average, they anticipate the company's stock price to reach $42.63 in the next twelve months. This suggests a possible upside of 5.1% 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 2024?

Pure Storage's stock was trading at $35.66 on January 1st, 2024. Since then, PSTG shares have increased by 13.7% and is now trading at $40.56.
View the best growth stocks for 2024 here
.

Are investors shorting Pure Storage?

Pure Storage saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 11,210,000 shares, a decline of 8.5% from the January 15th total of 12,250,000 shares. Based on an average daily volume of 4,650,000 shares, the days-to-cover ratio is presently 2.4 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, February 28th 2024.
View our PSTG earnings forecast
.

How can I listen to Pure Storage's earnings call?

Pure Storage will be holding an earnings conference call on Wednesday, February 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5667482".

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its quarterly earnings results on Wednesday, November, 29th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The technology company earned $762.80 million during the quarter, compared to the consensus estimate of $761.49 million. Pure Storage had a trailing twelve-month return on equity of 13.10% and a net margin of 2.47%. The business's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share.

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

Pure Storage updated its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $3.0 billion.

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.90%), Price T Rowe Associates Inc. MD (2.55%), First Trust Advisors LP (1.28%), Norges Bank (1.02%), Sumitomo Mitsui Trust Holdings Inc. (0.65%) and Nikko Asset Management Americas Inc. (0.65%). 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 2/23/2024 by MarketBeat.com Staff