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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$24.76
-0.95 (-3.70%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$24.23
$25.86
50-Day Range
$22.33
$30.77
52-Week Range
$17.40
$36.71
Volume
3.25 million shs
Average Volume
3.60 million shs
Market Capitalization
$7.33 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.90

Pure Storage Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
45.0% Upside
$35.90 Price Target
Short Interest
Bearish
6.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.06mentions of Pure Storage in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.14) to ($0.04) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.84 out of 5 stars

Computer And Technology Sector

354th out of 936 stocks

Computer Storage Devices Industry

4th out of 6 stocks

30 days | 90 days | 365 days | Advanced Chart

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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

Pure Storage (NYSE:PSTG) Downgraded by StockNews.com to Hold
Pure Storage (NYSE:PSTG) PT Lowered to $33.00
Top Tech Stocks for July 2022
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
7/03/2022
Next Earnings (Estimated)
8/24/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$35.90
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+45.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80952380952381
Research Coverage
21 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
$2.46 per share

Miscellaneous

Free Float
275,893,000
Market Cap
$7.33 billion
Optionable
Optionable
Beta
1.38














Pure Storage Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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?

21 Wall Street research analysts have issued 1 year price targets for Pure Storage's shares. Their PSTG stock forecasts range from $23.00 to $48.00. On average, they expect Pure Storage's stock price to reach $35.90 in the next twelve months. This suggests a possible upside of 45.0% 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 price performed in 2022?

Pure Storage's stock was trading at $32.55 at the beginning of 2022. Since then, PSTG shares have decreased by 23.9% and is now trading at $24.76.
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 earnings results on Wednesday, June, 1st. The technology company reported $0.01 earnings per share 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 the consensus estimate 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 business's revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.22) EPS.
View Pure Storage's earnings history
.

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

Pure Storage issued an update on its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided 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."

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 $24.76.

How much money does Pure Storage make?

Pure Storage (NYSE:PSTG) has a market capitalization of $7.33 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 ir@purestorage.com, or via fax at 650-625-9667.

This page (NYSE:PSTG) was last updated on 7/3/2022 by MarketBeat.com Staff

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