Pure Storage Company Profile (NYSE:PSTG)

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

Pure Storage, Inc. (NYSE:PSTG) released its earnings results on Thursday, August, 24th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.31) by $0.20. The firm earned $224.50 million during the quarter, compared to analyst estimates of $217.97 million. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. The business's revenue was up 37.6% on a year-over-year basis. During the same period last year, the business earned ($0.16) earnings per share. View Pure Storage's Earnings History.

Pure Storage is scheduled to release their next quarterly earnings announcement on Tuesday, November, 28th 2017. View Earnings Estimates for Pure Storage.

22 analysts have issued 12-month target prices for Pure Storage's stock. Their predictions range from $12.00 to $20.00. On average, they expect Pure Storage's stock price to reach $15.68 in the next year. View Analyst Ratings for Pure Storage.

Here are some recent quotes from research analysts about Pure Storage stock:

• 1. BMO Capital Markets analysts commented, "We believe MX represents an investment opportunity as a differentiated display and foundry vendor benefitting from improving customer momentum. We hosted management meetings with investors and have increasing confidence in the company’s growth potential and opportunity to improve profitability . We believe recent restructuring efforts remain on track and can drive steadily improving profitability in the coming quarters." (6/14/2017)
• 2. Robert W. Baird analysts commented, "We attended Pure//Accelerate, the company’s annual user and partner conference, in San Francisco yesterday where Pure announced a swath of new software features for its growing storage platform. Management’s address to investors highlighted the company’s runway in a $35 billion+ TAM, and the potential for growth in Cloud, and Next-Gen Data applications." (6/14/2017)
• 3. Maxim Group analysts commented, "Above consensus results and July Q guidance likely driven by FlashArray outperformance. Flashblade ramp going roughly as expected, but risks still exist." (5/25/2017)
• 4. According to Zacks Investment Research, "Pure Storage, Inc. offers enterprise data storage platform. The company's storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. It operates primarily in the United States, Europe and Asia. The company serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California. " (3/7/2017)
• 5. Jefferies Group LLC analysts commented, "Q4 results were above the Street. However, consistent with our prior IT VAR survey results, Q4 guidance was disappointing. We believe this quarter's results potentially reflect the headwinds generated by the incumbency advantage of legacy vendors. We're looking for another entry point." (3/2/2017)

Some companies that are related to Pure Storage include Match Group (MTCH), Logitech International S.A. (LOGI), Tableau Software (DATA), Lenovo Group (LNVGY), LogMein (LOGM), Guidewire Software (GWRE), Microsemi Corporation (MSCC), Vipshop Holdings Limited (VIPS), Jabil Circuit (JBL), EchoStar Corporation (SATS), The Ultimate Software Group (ULTI), BWX Technologies (BWXT), National Instruments Corporation (NATI), Semiconductor Manufacturing International Corporation (SMI), ARRIS International PLC (ARRS), BlackBerry Limited (BBRY), CSRA (CSRA) and Gardner Denver Holdings (GDI).

Pure Storage's management team includes the folowing people:

• Scott Dietzen, Chairman of the Board
• David M. Hatfield, President
• Charles H. Giancarlo, Chief Executive Officer, Director
• John Colgrove, Founder, Chief Technology Officer, Director
• Timothy Riitters, Chief Financial Officer
• Aneel Bhusri, Director
• Mark S. Garrett, Director
• Anita M. Sands, Director
• Frank Slootman, Director
• Michelangelo A. Volpi, Director

Pure Storage's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.45%), Vanguard Group Inc. (7.51%), FMR LLC (6.77%), Franklin Resources Inc. (3.30%), Renaissance Technologies LLC (2.62%) and Glynn Capital Management LLC (2.37%). Company insiders that own Pure Storage stock include Aneel Bhusri, David Hatfield, Greylock Xiv Gp Llc, James N White, John Colgrove, Michelangelo Volpi, Scott Dietzen, Tiger Global Management Llc and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

Pure Storage's stock was sold by a variety of institutional investors in the last quarter, including Menta Capital LLC, GAM Holding AG, Bank of Montreal Can, Intellectus Partners LLC, Glynn Capital Management LLC, Aspiriant LLC, Pacad Investment Ltd. and Royal Bank of Canada. Company insiders that have sold Pure Storage stock in the last year include David Hatfield, John Colgrove, Michelangelo Volpi, Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Pure Storage's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Renaissance Technologies LLC, UBS Oconnor LLC, AO Asset Management LLC, BlackRock Inc., Zweig DiMenna Associates LLC, FMR LLC and State Street Corp. Company insiders that have bought Pure Storage stock in the last two years include Aneel Bhusri, Greylock Xiv Gp Llc and James N White. View Insider Buying and Selling for Pure Storage.

Shares of Pure Storage can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Pure Storage stock can currently be purchased for approximately $14.83.