NYSE:PSTG

Pure Storage (PSTG) Stock Price, News & Analysis

$50.64
-1.16 (-2.24%)
(As of 04/24/2024 ET)
Today's Range
$50.57
$52.94
50-Day Range
$39.22
$57.16
52-Week Range
$22.14
$58.46
Volume
2.68 million shs
Average Volume
4.58 million shs
Market Capitalization
$16.45 billion
P/E Ratio
297.90
Dividend Yield
N/A
Price Target
$51.63

Pure Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
1.9% Upside
$51.63 Price Target
Short Interest
Healthy
2.52% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.49mentions of Pure Storage in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$15.27 M Sold Last Quarter
Proj. Earnings Growth
43.18%
From $0.44 to $0.63 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.

3.93 out of 5 stars

Computer And Technology Sector

181st out of 581 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

Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
2 Data Storage Device Stocks Thriving From the AI Boom
The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector. The obvious benefactor and leader of the AI wave is Nvidia Co. NASDAQ: NVDA, with its 90% market share of GPUs.
Oracle Stock is Ready to Stage its Next Leg Higher (PSTG)
Oracle Co. (NYSE: ORCL) is a giant in the computer and technology sector that originally got its start as the leader in relational databases in the 1980s.
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Pure Storage (NYSE:PSTG) Shares Down 0.6% After Insider Selling
Raymond James Downgrades Pure Storage (NYSE:PSTG) to Outperform
Pure Storage Inc - Ordinary Shares - Class A
Pure Storage (NYSE:PSTG) Shares Down 4.4% on Insider Selling
Pure Storage (NYSE:PSTG) Shares Gap Down on Insider Selling
Smart Money Is Betting Big In PSTG Options
Pure Storage (NYSE:PSTG) Stock Price Down 1.8%
Pure Storage: Optimistic On The Growth Runway Ahead
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/24/2024
Next Earnings (Estimated)
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
$51.63
High Stock Price Target
$66.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
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
$0.88 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
303,791,000
Market Cap
$16.83 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 research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 3 hold ratings and 13 buy ratings 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?

16 brokerages have issued 1 year price objectives for Pure Storage's stock. Their PSTG share price targets range from $40.00 to $66.00. On average, they predict the company's share price to reach $51.63 in the next twelve months. This suggests a possible upside of 1.9% 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 2024?

Pure Storage's stock was trading at $35.66 at the start of the year. Since then, PSTG shares have increased by 42.0% and is now trading at $50.65.
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 March. As of March 15th, there was short interest totaling 8,590,000 shares, a decline of 17.7% from the February 29th total of 10,440,000 shares. Based on an average trading volume of 4,950,000 shares, the short-interest ratio is currently 1.7 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 were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its quarterly earnings data on Wednesday, February, 28th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.17 by $0.10. The technology company earned $789.81 million during the quarter, compared to analysts' expectations 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 company's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share.

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

Pure Storage issued an update on its first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (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 many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.61%), Cookson Peirce & Co. Inc. (0.18%), Raymond James & Associates (0.10%), Amalgamated Bank (0.05%), Los Angeles Capital Management LLC (0.03%) and Raymond James Financial Services Advisors Inc. (0.03%). 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.
Read More
This page (NYSE:PSTG) was last updated on 4/24/2024 by MarketBeat.com Staff

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