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NYSE:PSTG

Pure Storage (PSTG) Stock Price, News & Analysis

$61.05
+1.04 (+1.73%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$59.78
$61.61
50-Day Range
$49.46
$61.05
52-Week Range
$25.29
$62.22
Volume
3.47 million shs
Average Volume
4.18 million shs
Market Capitalization
$19.84 billion
P/E Ratio
359.14
Dividend Yield
N/A
Price Target
$52.26

Pure Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
14.4% Downside
$52.26 Price Target
Short Interest
Healthy
3.15% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.62mentions of Pure Storage in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$15.27 M Sold Last Quarter
Proj. Earnings Growth
47.83%
From $0.46 to $0.68 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.

3.82 out of 5 stars

Computer And Technology Sector

183rd out of 595 stocks

Computer Storage Devices Industry

3rd out of 5 stocks

PSTG stock logo

About Pure Storage Stock (NYSE:PSTG)

Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It 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 Santa Clara, California.

PSTG Stock Price History

PSTG Stock News Headlines

Pure Storage (PSTG) Set to Announce Earnings on Wednesday
Evaluating Pure Storage: Insights From 15 Financial Analysts
Pure Storage, Inc. (PSTG)
3 Overlooked Stocks Poised for Massive Growth
Pure Storage Inc - Ordinary Shares - Class A
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/27/2024
Next Earnings (Confirmed)
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
$52.26
High Stock Price Target
$66.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-14.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
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
305,415,000
Market Cap
$19.84 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities 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?

16 brokers have issued 1-year price objectives for Pure Storage's shares. Their PSTG share price targets range from $40.00 to $66.00. On average, they expect the company's share price to reach $52.26 in the next twelve months. This suggests that the stock has a possible downside of 14.4%.
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 71.2% and is now trading at $61.05.
View the best growth stocks for 2024 here
.

Are investors shorting Pure Storage?

Pure Storage saw a increase in short interest in April. As of April 30th, there was short interest totaling 10,220,000 shares, an increase of 22.4% from the April 15th total of 8,350,000 shares. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is presently 2.8 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 can I listen to Pure Storage's earnings call?

Pure Storage will be holding an earnings conference call on Wednesday, May 29th 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) released its quarterly earnings results on Wednesday, February, 28th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.10. The technology company had revenue of $789.81 million for the quarter, compared to analyst estimates of $784.31 million. Pure Storage had a trailing twelve-month return on equity of 12.60% and a net margin of 2.17%. The business's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share.

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

Pure Storage updated its first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided 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 Vanguard Group Inc. (9.78%), Champlain Investment Partners LLC (3.54%), Price T Rowe Associates Inc. MD (1.87%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.52%), Acadian Asset Management LLC (0.90%) and Blair William & Co. IL (0.72%). 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, 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 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.
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This page (NYSE:PSTG) was last updated on 5/27/2024 by MarketBeat.com Staff

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