NYSE:PSTG - Pure Storage Stock Price, News, & Analysis

$15.62
+0.16 (+1.03 %)
(As of 06/17/2019 03:37 PM ET)
Today's Range
$15.51
Now: $15.62
$15.93
50-Day Range
$15.27
MA: $18.93
$22.86
52-Week Range
$13.99
Now: $15.62
$29.14
Volume136,913 shs
Average Volume5.21 million shs
Market Capitalization$3.95 billion
P/E RatioN/A
Dividend YieldN/A
Beta2
Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack and Artificial Intelligence Ready Infrastructure converged infrastructure solutions. Read More…

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone800-379-7873

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.36 billion
Book Value$3.03 per share

Profitability

Net Income$-178,360,000.00

Miscellaneous

Employees2,800
Market Cap$3.95 billion
Next Earnings Date8/20/2019 (Estimated)
OptionableOptionable

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Pure Storage (NYSE:PSTG) Frequently Asked Questions

What is Pure Storage's stock symbol?

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

How were Pure Storage's earnings last quarter?

Pure Storage Inc (NYSE:PSTG) released its earnings results on Tuesday, May, 21st. The technology company reported ($0.37) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.29) by $0.08. The technology company had revenue of $326.70 million for the quarter, compared to the consensus estimate of $333.83 million. Pure Storage had a negative net margin of 14.99% and a negative return on equity of 25.55%. View Pure Storage's Earnings History.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release their next quarterly earnings announcement on Tuesday, August 20th 2019. View Earnings Estimates for Pure Storage.

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

Pure Storage updated its second quarter 2020 earnings guidance on Tuesday, May, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $389-401 million, compared to the consensus revenue estimate of $396.95 million.Pure Storage also updated its FY 2020 guidance to EPS.

What price target have analysts set for PSTG?

19 Wall Street analysts have issued twelve-month price targets for Pure Storage's shares. Their forecasts range from $18.00 to $34.00. On average, they expect Pure Storage's share price to reach $25.1006 in the next twelve months. This suggests a possible upside of 60.7% from the stock's current price. View Analyst Price Targets for Pure Storage.

What is the consensus analysts' recommendation for Pure Storage?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pure Storage.

What are Wall Street analysts saying about Pure Storage stock?

Here are some recent quotes from research analysts about Pure Storage stock:
  • 1. Maxim Group analysts commented, "Revenue disappoints due to large enterprise deals pushing out. Strong deferred revenue suggests strengthened retention rates. FY20 midpoint revenue guidance lowered by $35M despite just a $6M F1Q20 miss, makes us incrementally concerned reduced demand is due to increased price competition for select large enterprise customers. We expect the increased price competition to pass, maintain Hold rating and DCF-based 12-month price target of $22." (5/23/2019)
  • 2. According to Zacks Investment Research, "Pure Storage reported dismal fourth-quarter results. Nonetheless, the year-over-year increase in revenues can be attributed to robust business fundamentals, strong FlashBlade implementation, higher adoption of new products and strong go-to-market strategies. Robust business fundamentals and strong go-to-market strategies are key postives. The company continues to gain from adoption of its strong product portfolio including the likes of FlashArray and FlashBlade. Additionally, the company’s data platform for cloud is gaining traction. The transition to cloud-capable storage for data integrity and predictive analytics bodes well for Pure Storage. Expanding customer base is a positive. Further, strengthening partnership with NVIDIA is likely to bolster its growth prospects and expand product offerings. However, increasing competition from established storage players like HPE and NetApp is a major concern." (3/6/2019)

Has Pure Storage been receiving favorable news coverage?

News headlines about PSTG stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pure Storage earned a coverage optimism score of 1.4 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Pure Storage.

Are investors shorting Pure Storage?

Pure Storage saw a decrease in short interest during the month of May. As of May 31st, there was short interest totalling 14,007,500 shares, a decrease of 14.2% from the April 30th total of 16,321,100 shares. Based on an average trading volume of 3,710,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 7.7% of the company's stock are sold short. View Pure Storage's Current Options Chain.

Who are some of Pure Storage's key competitors?

Some companies that are related to Pure Storage include NetApp (NTAP), Seagate Technology (STX), Western Digital (WDC), Quantum (QMCO) and Quantum (QTM).

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 Nutanix (NTNX), Cisco Systems (CSCO), Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), US Concrete (USCR), Adobe (ADBE), Intel (INTC), Mercury Systems (MRCY) and Opko Health (OPK).

Who are Pure Storage's key executives?

Pure Storage's management team includes the folowing people:
  • Mr. Charles H. Giancarlo, CEO & Chairman (Age 61)
  • Mr. David M. Hatfield, Pres (Age 50)
  • Mr. John Colgrove, Founder & Director (Age 56)
  • Mr. Timothy Riitters, Chief Financial Officer (Age 46)
  • Mr. John Hayes, Founder & Advisor

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (7.20%), William Blair Investment Management LLC (5.17%), Champlain Investment Partners LLC (4.02%), Blair William & Co. IL (2.03%), JPMorgan Chase & Co. (1.18%) and Westfield Capital Management Co. LP (0.71%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, Michelangelo Volpi, Scott Dietzen, Stefan A Dyckerhoff and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

Which institutional investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Sumitomo Mitsui Asset Management Company LTD, BNP Paribas Arbitrage SA, Frontier Capital Management Co. LLC, Algert Global LLC, Meitav Dash Investments Ltd., Cerebellum GP LLC and New York State Common Retirement Fund. Company insiders that have sold Pure Storage company stock in the last year include Charles H Giancarlo, David Hatfield, John Colgrove, Michael L Speiser, Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Which institutional investors are buying Pure Storage stock?

PSTG stock was purchased by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, FMR LLC, JPMorgan Chase & Co., Blair William & Co. IL, Westfield Capital Management Co. LP, Champlain Investment Partners LLC, Spark Investment Management LLC and Thornburg Investment Management Inc.. View Insider Buying and Selling for Pure Storage.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $15.62.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $3.95 billion and generates $1.36 billion in revenue each year. The technology company earns $-178,360,000.00 in net income (profit) each year or ($0.70) on an earnings per share basis. Pure Storage employs 2,800 workers across the globe.View Additional Information About Pure Storage.

What is Pure Storage's official website?

The official website for Pure Storage is http://www.purestorage.com/.

How can I contact Pure Storage?

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The technology company can be reached via phone at 800-379-7873 or via email at [email protected]


MarketBeat Community Rating for Pure Storage (NYSE PSTG)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  513 (Thanks for Voting!)
Underperform Votes:  356 (Thanks for Voting!)
Total Votes:  869
MarketBeat's community ratings are surveys of what our community members think about Pure Storage and other stocks. Vote "Outperform" if you believe PSTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/17/2019 by MarketBeat.com Staff

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