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

$18.91
+0.03 (+0.16 %)
(As of 02/16/2020 04:00 PM ET)
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Today's Range
$18.79
Now: $18.91
$19.02
50-Day Range
$16.92
MA: $18.32
$19.74
52-Week Range
$12.68
Now: $18.91
$23.53
Volume899,129 shs
Average VolumeN/A
Market CapitalizationN/A
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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 N/A
Sub-IndustryN/A
SectorN/A
CUSIPN/A
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees2,800
Next Earnings Date2/27/2020 (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) posted its quarterly earnings data on Thursday, November, 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.27. The technology company had revenue of $428.40 million for the quarter, compared to the consensus estimate of $440.39 million. The business's revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. 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, February 27th 2020. View Earnings Estimates for Pure Storage.

How can I listen to Pure Storage's earnings call?

Pure Storage will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Pure Storage updated its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$484-496 million, compared to the consensus revenue estimate of $$511.77 million.

What price target have analysts set for PSTG?

19 analysts have issued twelve-month target prices for Pure Storage's shares. Their forecasts range from $14.00 to $25.00. On average, they anticipate Pure Storage's stock price to reach $20.67 in the next twelve months. This suggests a possible upside of 9.3% 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 4 hold ratings and 15 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?

News headlines about PSTG stock have trended neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pure Storage earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely 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 in January. As of January 15th, there was short interest totalling 17,600,000 shares, a decrease of 7.9% from the December 31st total of 19,100,000 shares. Based on an average daily trading volume, of 3,550,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 7.8% of the company's stock are sold short. View Pure Storage's Current Options Chain.

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), Intel (INTC), AT&T (T), Advanced Micro Devices (AMD), Square (SQ) and US Concrete (USCR).

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 many different of retail and institutional investors. Top institutional investors include Champlain Investment Partners LLC (6.38%), William Blair Investment Management LLC (5.97%), Marshall Wace North America L.P. (1.96%), First Trust Advisors LP (1.40%), Renaissance Technologies LLC (1.31%) and Goldman Sachs Group Inc. (1.27%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, John Colgrove, Michael L Speiser, 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 Bank of America Corp DE, Marshall Wace North America L.P., Franklin Resources Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Blair William & Co. IL, Marshall Wace LLP and Dynamic Technology Lab Private Ltd. 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 major 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, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Scout Investments Inc., Champlain Investment Partners LLC, First Trust Advisors LP, Strs Ohio, Alyeska Investment Group L.P. and Assenagon Asset Management S.A.. 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 $18.91.


MarketBeat Community Rating for Pure Storage (NYSE PSTG)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  577 (Vote Outperform)
Underperform Votes:  397 (Vote Underperform)
Total Votes:  974
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 2/16/2020 by MarketBeat.com Staff

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