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Pure Storage Stock Price, News & Analysis (NYSE:PSTG)

$33.16
+0.65 (+2.00%)
(As of 12/8/2023 ET)
Compare
Today's Range
$32.24
$33.41
50-Day Range
$31.80
$37.97
52-Week Range
$22.14
$40.50
Volume
3.03 million shs
Average Volume
4.21 million shs
Market Capitalization
$10.34 billion
P/E Ratio
174.54
Dividend Yield
N/A
Price Target
$41.75

Pure Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
25.9% Upside
$41.75 Price Target
Short Interest
Healthy
1.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.28mentions of Pure Storage in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$275,692 Sold Last Quarter
Proj. Earnings Growth
63.33%
From $0.30 to $0.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.16 out of 5 stars

Computer And Technology Sector

9th out of 595 stocks

Computer Storage Devices Industry

1st 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

Pure Storage stock fumbles for a rare buying opportunity
Enterprise flash data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock took a rare sell-off when it guided down its Q4 2023 revenue guidance
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
1 AI Stock Cathie Wood Is Buying That Could Soar in 2024
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
Pure Storage (NYSE:PSTG) PT Lowered to $40.00
Pure Storage (NYSE:PSTG) PT Lowered to $42.00
Pure Storage (NYSE:PSTG) PT Lowered to $38.00
Pure Storage (NYSE:PSTG) Price Target Lowered to $40.00 at Wedbush
Pure Storage Target of Unusually High Options Trading (NYSE:PSTG)
Pure Storage (NYSE:PSTG) Shares Gap Down After Analyst Downgrade
Why Pure Storage Shares Plunged 18.3% Today
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
12/08/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/06/2024

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
$41.75
High Stock Price Target
$48.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+25.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
15 Analysts

Profitability

Net Income
$73.07 million
Pretax Margin
1.01%

Debt

Sales & Book Value

Annual Sales
$2.85 billion
Cash Flow
$0.70 per share
Book Value
$3.22 per share

Miscellaneous

Free Float
291,679,000
Market Cap
$10.35 billion
Optionable
Optionable
Beta
1.14

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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 2 hold ratings, 12 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 analysts have issued twelve-month target prices for Pure Storage's shares. Their PSTG share price targets range from $38.00 to $48.00. On average, they expect the company's share price to reach $41.75 in the next year. This suggests a possible upside of 25.9% 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 2023?

Pure Storage's stock was trading at $26.76 on January 1st, 2023. Since then, PSTG shares have increased by 23.9% and is now trading at $33.16.
View the best growth stocks for 2023 here
.

When is Pure Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our PSTG earnings forecast
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) released its earnings results on Wednesday, November, 29th. The technology company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.10. The technology company earned $762.80 million during the quarter, compared to analyst estimates of $761.49 million. Pure Storage had a trailing twelve-month return on equity of 13.81% and a net margin of 2.47%. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share.

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 retail and institutional investors. Top institutional investors include FMR LLC (15.00%), Atreides Management LP (2.50%), Morgan Stanley (1.38%), Polar Capital Holdings Plc (1.30%), Acadian Asset Management LLC (1.09%) and Loomis Sayles & Co. L P (0.79%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/8/2023 by MarketBeat.com Staff

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