Pure Storage Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Pure Storage stock.
View analyst ratings for Pure Storage or view top-rated stocks.

Wall Street analysts have given Pure Storage a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Pure Storage wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Pure Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021.
View our earnings forecast for Pure Storage.

Pure Storage, Inc. (NYSE:PSTG) issued its quarterly earnings data on Wednesday, May, 26th. The technology company reported ($0.22) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.28) by $0.06. The technology company had revenue of $412.71 million for the quarter, compared to the consensus estimate of $406.27 million. Pure Storage had a negative net margin of 15.94% and a negative trailing twelve-month return on equity of 24.09%.
View Pure Storage's earnings history.

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PSTG stock has increased by 37.8% and is now trading at $18.91.
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Pure Storage issued an update on its second quarter 2022 earnings guidance on Tuesday, June, 15th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $470 million-470 million, compared to the consensus revenue estimate of $455.85 million.

17 analysts have issued 12-month price targets for Pure Storage's shares. Their forecasts range from $18.00 to $35.00. On average, they expect Pure Storage's stock price to reach $27.44 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
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117 employees have rated Pure Storage CEO Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among Pure Storage's employees.

Some companies that are related to Pure Storage include Seagate Technology (STX), NetApp (NTAP), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of PSTG's competitors.

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

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

Pure Storage's stock is owned by many different retail and institutional investors. Top institutional investors include ARK Investment Management LLC (11.73%), William Blair Investment Management LLC (5.52%), Champlain Investment Partners LLC (5.25%), Price T Rowe Associates Inc. MD (5.06%), Nikko Asset Management Americas Inc. (3.30%) and Sumitomo Mitsui Trust Holdings Inc. (3.28%). Company insiders that own Pure Storage stock include Anita M Sands, Scott Dietzen and Timothy Riitters.
View institutional ownership trends for Pure Storage.

PSTG stock was sold by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Champlain Investment Partners LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Price T Rowe Associates Inc. MD, Bank of New York Mellon Corp, Russell Investments Group Ltd., and Scout Investments Inc.. Company insiders that have sold Pure Storage company stock in the last year include Anita M Sands, and Scott Dietzen.
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PSTG stock was purchased by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Eminence Capital LP, Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Alyeska Investment Group L.P., Goldman Sachs Group Inc., Schonfeld Strategic Advisors LLC, and Tudor Investment Corp Et Al.
View insider buying and selling activity for Pure Storage or or view top insider-buying stocks.

Shares of PSTG 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.
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One share of PSTG stock can currently be purchased for approximately $18.91.

Pure Storage has a market capitalization of $5.36 billion and generates $1.68 billion in revenue each year. The technology company earns $-282,080,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

Pure Storage employs 3,800 workers across the globe.

The official website for Pure Storage is www.purestorage.com.

Pure Storage is headquartered at 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041.

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]