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Pure Storage (PSTG) Stock Price, News & Analysis

$58.30
-2.94 (-4.80%)
(As of 07/24/2024 ET)
Today's Range
$58.13
$61.20
50-Day Range
$58.30
$68.35
52-Week Range
$31.00
$70.41
Volume
2.72 million shs
Average Volume
2.61 million shs
Market Capitalization
$18.96 billion
P/E Ratio
208.21
Dividend Yield
N/A
Price Target
$69.11

Pure Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
18.5% Upside
$69.11 Price Target
Short Interest
Healthy
2.65% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.82mentions of Pure Storage in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$7.17 M Sold Last Quarter
Proj. Earnings Growth
63.83%
From $0.47 to $0.77 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.

4.66 out of 5 stars

Computer And Technology Sector

64th out of 590 stocks

Computer Storage Devices Industry

1st 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

625,000% Gain
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Pure Storage logo seen displayed on a smartphone screen
Pure Storage Stock Doubles in 6 Months and Can Double Again
Pure Storage NYSE: PSTG is riding a wave of demand, with revenue rising and margins expanding. The combination has lifted the stock price by 500% since the 2020 low and by 100% in the last six months.
Pure Storage logo seen displayed on a smartphone screen
Pure Storage Stock Doubles in 6 Months and Can Double Again
Pure Storage is a key player in the global data storage and services industry, an industry that is still young, with decades of growth still ahead.
7 Tech Stocks on the Cusp of Groundbreaking Developments
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3 Hidden Stock Gems That Wall Street Is Overlooking
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Big Gains
See More Headlines
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Company Calendar

Last Earnings
5/29/2024
Today
7/25/2024
Next Earnings (Estimated)
9/04/2024
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
$69.11
High Stock Price Target
$80.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
20 Analysts

Profitability

Net Income
$61.31 million
Pretax Margin
4.19%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$0.82 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
305,720,000
Market Cap
$18.96 billion
Optionable
Optionable
Beta
1.11

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PSTG Stock Analysis - Frequently Asked Questions

How have PSTG shares performed this year?

Pure Storage's stock was trading at $35.66 at the start of the year. Since then, PSTG shares have increased by 63.5% and is now trading at $58.30.
View the best growth stocks for 2024 here
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its quarterly earnings results on Wednesday, May, 29th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The technology company had revenue of $693.48 million for the quarter, compared to analyst estimates of $681.37 million. Pure Storage had a net margin of 3.19% and a trailing twelve-month return on equity of 15.34%.

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.

Does Pure Storage have any subsidiaries?

Pure Storage subsidiaries include Portworx, Compuverde, StorReduce, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, and more.

Who are Pure Storage's major shareholders?

Pure Storage's top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.69%), Retirement Systems of Alabama (0.12%), Raymond James & Associates (0.10%) and New York State Teachers Retirement System (0.09%). Insiders that own company stock include John Colgrove, P Kevan Krysler, Ajay Singh, Mona Chu, Dan Fitzsimons, Anita M Sands, Scott Dietzen, John Francis Murphy, Mallun Yen, Gregory Tomb, Andrew William Fraser Brown and Roxanne Taylor.
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.

What other stocks do shareholders of Pure Storage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pure Storage investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Nutanix (NTNX), Micron Technology (MU), Advanced Micro Devices (AMD), Block (SQ) and Cisco Systems (CSCO).

This page (NYSE:PSTG) was last updated on 7/25/2024 by MarketBeat.com Staff

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