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S&P 500   3,911.74
DOW   31,500.68
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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$26.95
+0.35 (+1.32%)
(As of 06/24/2022 06:40 PM ET)
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Today's Range
$26.74
$27.43
50-Day Range
$22.33
$31.16
52-Week Range
$17.40
$36.71
Volume
4.38 million shs
Average Volume
4.05 million shs
Market Capitalization
$8.04 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.05
30 days | 90 days | 365 days | Advanced Chart

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PSTG Stock Forecast (MarketRank)

Overall MarketRank

2.12 out of 5 stars

Computer And Technology Sector

392nd out of 922 stocks

Computer Storage Devices Industry

4th out of 6 stocks

Analyst Opinion: 3.4Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
Pure Storage logo

About Pure Storage (NYSE:PSTG)

Pure Storage, Inc. 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, Pure as-a-Service, 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 News Headlines

MongoDB, Chewy rise; Ciena, Hewlett Packard Enterprise fall
Stocks that traded heavily or had substantial price changes Thursday: MongoDB, Chewy rise; Ciena, Hewlett Packard Enterprise fall
PSTG October 2023 Options Begin Trading
6 Analysts Have This to Say About Pure Storage
Is Pure Storage Stock a Buy Under $27?
See More Headlines

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
4,200
Year Founded
N/A

Company Calendar

Last Earnings
6/01/2022
Today
6/27/2022
Next Earnings (Estimated)
8/24/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$36.05
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+33.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
20 Analysts

Profitability

Net Income
$-143.26 million
Pretax Margin
-2.44%

Debt

Sales & Book Value

Annual Sales
$2.18 billion
Cash Flow
$0.32 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
275,893,000
Market Cap
$8.04 billion
Optionable
Optionable
Beta
1.52














Pure Storage Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Pure Storage stock.
View analyst ratings for Pure Storage
or view top-rated stocks.

What is Pure Storage's stock price forecast for 2022?

20 brokers have issued 1-year price objectives for Pure Storage's stock. Their PSTG stock forecasts range from $23.00 to $48.00. On average, they anticipate Pure Storage's stock price to reach $36.05 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price.
View analysts' price targets for Pure Storage
or view top-rated stocks among Wall Street analysts.

How has Pure Storage's stock performed in 2022?

Pure Storage's stock was trading at $32.55 at the beginning of the year. Since then, PSTG stock has decreased by 17.2% and is now trading at $26.95.
View the best growth stocks for 2022 here
.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for Pure Storage
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its quarterly earnings results on Wednesday, June, 1st. The technology company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.23) by $0.24. The technology company had revenue of $620.41 million for the quarter, compared to analyst estimates of $521.81 million. Pure Storage had a negative net margin of 2.96% and a positive trailing twelve-month return on equity of 4.26%. The company's quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) EPS.
View Pure Storage's earnings history
.

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

Pure Storage updated its FY 2023 earnings guidance on Wednesday, June, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.66 billion-$2.66 billion, compared to the consensus revenue estimate of $2.59 billion.

Who are Pure Storage's key executives?

Pure Storage's management team includes the following people:
  • Mr. Charles H. Giancarlo, Chairman & CEO (Age 64, Pay $2.06M)
  • Mr. John Colgrove, Founder, Chief Visionary Officer & Director (Age 59, Pay $1.33M)
  • Mr. Kevan Krysler, Chief Financial Officer (Age 51, Pay $1.22M) (LinkedIn Profile)
  • Mr. Ajay Singh, Chief Product Officer (Age 64, Pay $1.41M) (LinkedIn Profile)
  • Mr. John M. Hayes, Founder & Advisor
  • Mr. Michael T. Fitzgerald, VP of Operations
  • Ms. Mona Chu, VP & Chief Accounting Officer (Age 49)
  • Mr. Robert Lee, VP & CTO
  • Mr. Sanjot Khurana, VP of Investor Relations & Treasurer
  • Ms. Niki Armstrong J.D., Chief Legal Officer & Corp. Sec.

What is Charles Giancarlo's approval rating as Pure Storage's CEO?

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.

Who are some of Pure Storage's key competitors?

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

What is Pure Storage's stock symbol?

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

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.17%), Champlain Investment Partners LLC (4.91%), First Trust Advisors LP (2.78%), William Blair Investment Management LLC (2.63%), Disciplined Growth Investors Inc. MN (1.70%) and Polar Capital Holdings Plc (1.31%). Company insiders that own Pure Storage stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Gregory Tomb, P Kevan Krysler, Scott Dietzen and Timothy Riitters.
View institutional ownership trends for Pure Storage
.

Which major investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Champlain Investment Partners LLC, Goldman Sachs Group Inc., First Trust Advisors LP, Bank of New York Mellon Corp, Acadian Asset Management LLC, Canada Pension Plan Investment Board, and 1832 Asset Management L.P.. Company insiders that have sold Pure Storage company stock in the last two years include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Gregory Tomb, P Kevan Krysler, and Scott Dietzen.
View insider buying and selling activity for Pure Storage
or view top insider-selling stocks.

Which major investors are buying Pure Storage stock?

PSTG stock was purchased by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Principal Financial Group Inc., Assenagon Asset Management S.A., Prudential Financial Inc., Renaissance Technologies LLC, Federated Hermes Inc., Cookson Peirce & Co. Inc., and Twin Tree Management LP.
View insider buying and selling activity for Pure Storage
or or view top insider-buying stocks.

How do I buy shares of Pure Storage?

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.
Compare Top Brokerages Here.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $26.95.

How much money does Pure Storage make?

Pure Storage (NYSE:PSTG) has a market capitalization of $8.04 billion and generates $2.18 billion in revenue each year. The technology company earns $-143.26 million in net income (profit) each year or ($0.25) on an earnings per share basis.

How many employees does Pure Storage have?

Pure Storage employs 4,200 workers across the globe.

How can I contact Pure Storage?

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The official website for Pure Storage is www.purestorage.com. The technology company can be reached via phone at (800) 379-7873, via email at [email protected], or via fax at 650-625-9667.

This page (NYSE:PSTG) was last updated on 6/27/2022 by MarketBeat.com Staff

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