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

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

Pure Storage Inc (NYSE:PSTG) released its earnings results on Thursday, November, 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating 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. Pure Storage had a negative return on equity of 24.66% and a negative net margin of 14.11%. Pure Storage's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. View Pure Storage's Earnings History.

Pure Storage is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Pure Storage.

Pure Storage updated its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided 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.

19 analysts have issued 1 year price targets for Pure Storage's shares. Their forecasts range from $14.00 to $25.00. On average, they expect Pure Storage's share price to reach $20.67 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price. View Analyst Price Targets 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.

Media coverage about PSTG stock has trended somewhat positive on Tuesday, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 1.7 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Pure Storage.

Pure Storage saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 17,600,000 shares, a decrease of 7.9% from the December 15th total of 19,100,000 shares. Based on an average trading volume of 3,610,000 shares, the short-interest ratio is currently 4.9 days. Currently, 7.8% of the shares of the company are short sold. View Pure Storage's Current Options Chain.

Some companies that are related to Pure Storage include Marvell Technology Group (MRVL), Altice USA (ATUS), TELIA Co A B/ADR (TLSNY), Symantec (SYMC), Check Point Software Technologies (CHKP), Paycom Software (PAYC), Arista Networks (ANET), Maxim Integrated Products (MXIM), Open Text (OTEX), Twilio (TWLO), Atlassian (TEAM), RingCentral (RNG), Seagate Technology (STX), SS&C Technologies (SSNC) and Wirecard (WDI).

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

Pure Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.58%), Assenagon Asset Management S.A. (0.19%), Gradient Investments LLC (0.03%), Diversified Trust Co (0.02%), Tributary Capital Management LLC (0.02%) and Sonora Investment Management LLC (0.00%). 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.

PSTG stock was sold by a variety of institutional investors in the last quarter, including Gradient Investments LLC and Sonora Investment Management LLC. 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.

PSTG stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Assenagon Asset Management S.A., Tributary Capital Management LLC and Diversified Trust Co. View Insider Buying and Selling for 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.

One share of PSTG stock can currently be purchased for approximately $18.50.

Pure Storage has a market capitalization of $4.82 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.

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

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]