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NYSE:PSTG

Pure Storage - PSTG Stock Forecast, Price & News

$23.87
-0.11 (-0.46%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$23.66
$24.03
50-Day Range
$23.09
$31.96
52-Week Range
$21.90
$36.49
Volume
3.29 million shs
Average Volume
5.56 million shs
Market Capitalization
$7.22 billion
P/E Ratio
113.67
Dividend Yield
N/A
Price Target
$36.68

Pure Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
53.7% Upside
$36.68 Price Target
Short Interest
Healthy
7.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.87mentions of Pure Storage in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.45 M Sold Last Quarter
Proj. Earnings Growth
126.32%
From $0.19 to $0.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.17 out of 5 stars

Computer And Technology Sector

16th out of 616 stocks

Computer Storage Devices Industry

1st out of 5 stocks


PSTG stock logo

About Pure Storage (NYSE:PSTG) Stock

Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.

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PSTG Stock News Headlines

Raymond James Keeps Their Buy Rating on Pure Storage (PSTG)
Pure Storage: A Buy Despite Lower Growth Rates Ahead
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Pure Storage (PSTG) Beats Q4 Earnings Estimates
Pure Storage Stock Earns Relative Strength Rating Upgrade
See More Headlines
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PSTG Company Calendar

Last Earnings
3/01/2023
Today
3/28/2023
Next Earnings (Estimated)
6/07/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
4,200
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$36.68
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+53.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$73.07 million
Pretax Margin
1.14%

Debt

Sales & Book Value

Annual Sales
$2.75 billion
Cash Flow
$0.32 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
282,010,000
Market Cap
$7.22 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Charles H. Giancarlo
    Chairman & Chief Executive Officer
  • Michael Fitzgerald
    Vice President-Operations
  • Kevan KryslerKevan Krysler
    Chief Financial Officer
  • Robert Lee
    Chief Technology Officer
  • King Yuet Chu
    Chief Accounting Officer & Vice President













PSTG Stock - Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSTG shares.
View PSTG analyst ratings
or view top-rated stocks.

What is Pure Storage's stock price forecast for 2023?

15 Wall Street analysts have issued 1-year target prices for Pure Storage's stock. Their PSTG share price forecasts range from $27.00 to $47.00. On average, they predict the company's stock price to reach $36.68 in the next year. This suggests a possible upside of 53.7% from the stock's current price.
View analysts price targets for PSTG
or view top-rated stocks among Wall Street analysts.

How have PSTG shares performed in 2023?

Pure Storage's stock was trading at $26.76 on January 1st, 2023. Since then, PSTG stock has decreased by 10.8% and is now trading at $23.87.
View the best growth stocks for 2023 here
.

Are investors shorting Pure Storage?

Pure Storage saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 21,460,000 shares, a decrease of 27.6% from the February 28th total of 29,640,000 shares. Based on an average trading volume of 5,310,000 shares, the short-interest ratio is presently 4.0 days. Approximately 7.6% of the shares of the company are short sold.
View Pure Storage's Short Interest
.

When is Pure Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our PSTG earnings forecast
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) released its quarterly earnings data on Wednesday, March, 1st. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.17. The technology company earned $810.21 million during the quarter, compared to analyst estimates of $811.30 million. Pure Storage had a net margin of 2.65% and a trailing twelve-month return on equity of 17.48%.

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

Pure Storage issued an update on its first quarter 2024 earnings guidance on Thursday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $560.00 million-$560.00 million, compared to the consensus revenue estimate of $679.85 million.

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.

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), Block (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."

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a variety of institutional and retail investors. Top institutional investors include William Blair Investment Management LLC (1.56%), First Trust Advisors LP (1.51%), Two Sigma Advisers LP (1.31%), Atreides Management LP (1.25%), Geode Capital Management LLC (1.24%) and Norges Bank (1.11%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Dan Fitzsimons, Gregory Tomb, P Kevan Krysler and Scott Dietzen.
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 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 $23.87.

How much money does Pure Storage make?

Pure Storage (NYSE:PSTG) has a market capitalization of $7.22 billion and generates $2.75 billion in revenue each year. The technology company earns $73.07 million in net income (profit) each year or $0.21 on an earnings per share basis.

How many employees does Pure Storage have?

The company employs 4,200 workers across the globe.

Does Pure Storage have any subsidiaries?
The following companies are subsidiares of Pure Storage: Compuverde, Portworx, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, Pure Storage Belgium BVBA, Pure Storage Bilgi Teknolojileri Limited Şirketi, Pure Storage Canada Limited, Pure Storage Czech Republic s.r.o., Pure Storage France SARL, Pure Storage Germany GmbH, Pure Storage HK Ltd, Pure Storage Holdings Inc., Pure Storage India Private Limited, Pure Storage International Inc., Pure Storage International Limited, Pure Storage Italy SRL, Pure Storage Japan KK, Pure Storage Korea Co Ltd, Pure Storage LLC, Pure Storage Ltd (UK), Pure Storage Malaysia SDN BHD, Pure Storage Mexico S. de R.L. de C.V., Pure Storage Netherlands BV, Pure Storage New Zealand Limited, Pure Storage Poland sp. z o.o., Pure Storage Singapore Pte Ltd, Pure Storage South Africa (Pty) Ltd, Pure Storage Spain SLU, Pure Storage Sweden AB, Pure Storage Switzerland GmbH, Pure Storage do Brasil Solucoes e Servicos de Armazenamento de Dados Ltda, and StorReduce.
Read More
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 the company 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 3/28/2023 by MarketBeat.com Staff