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

$19.85
-0.21 (-1.05 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$19.54
Now: $19.85
$20.13
50-Day Range
$15.83
MA: $18.42
$20.38
52-Week Range
$12.68
Now: $19.85
$23.53
Volume5.00 million shs
Average Volume3.61 million shs
Market Capitalization$5.09 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.78
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$5.09 billion
Next Earnings Date11/21/2019 (Confirmed)
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) issued its quarterly earnings results on Tuesday, August, 21st. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The technology company earned $308.90 million during the quarter, compared to analyst estimates of $301.32 million. Pure Storage had a negative return on equity of 25.22% and a negative net margin of 14.51%. The firm's quarterly revenue was up 37.5% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. 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 Thursday, November 21st 2019. View Earnings Estimates for Pure Storage.

What price target have analysts set for PSTG?

20 Wall Street analysts have issued 1-year price targets for Pure Storage's shares. Their forecasts range from $14.00 to $25.00. On average, they anticipate Pure Storage's share price to reach $21.32 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Pure Storage.

What is the consensus analysts' recommendation for Pure Storage?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings and 16 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. According to Zacks Investment Research, "Pure Storage provides software-defined all-flash solutions. 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. Also, lack of big international customers is a headwind." (10/30/2019)
  • 2. 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)

Has Pure Storage been receiving favorable news coverage?

Media coverage about PSTG stock has been trending positive recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pure Storage earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Pure Storage.

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 Nutanix (NTNX), Cisco Systems (CSCO), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), US Concrete (USCR), Advanced Micro Devices (AMD), Intel (INTC), Square (SQ) and Adobe (ADBE).

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 retail and institutional investors. Top institutional investors include First Trust Advisors LP (1.17%), Pembroke Management LTD (0.46%), Great Lakes Advisors LLC (0.25%), California Public Employees Retirement System (0.17%), CWM LLC (0.12%) and Rhumbline Advisers (0.08%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, 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 Zurcher Kantonalbank Zurich Cantonalbank, First Trust Advisors LP, Emerald Advisers LLC, Pembroke Management LTD, State of New Jersey Common Pension Fund D, Tributary Capital Management LLC, Oppenheimer Asset Management Inc. and CENTRAL TRUST Co. Company insiders that have sold Pure Storage company stock in the last year include Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Which institutional investors are buying Pure Storage stock?

PSTG stock was acquired by a variety of institutional investors in the last quarter, including Great Lakes Advisors LLC, California Public Employees Retirement System, Zweig DiMenna Associates LLC, CWM LLC, Skylands Capital LLC, Oakbrook Investments LLC, Tower Research Capital LLC TRC and Commonwealth Equity Services LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $19.85.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $5.09 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:  561 (Vote Outperform)
Underperform Votes:  384 (Vote Underperform)
Total Votes:  945
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 11/21/2019 by MarketBeat.com Staff

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