About Pure Storage (NYSE:PSTG)
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, a converged infrastructure solution. Its data platform is used for a range of storage use cases, including database applications, large-scale analytics, private and public cloud infrastructure, Webscale applications, virtual server infrastructure, and virtual desktop infrastructure; and helps customers scale their businesses through real-time and accurate analytics, increase employee productivity, improve operational efficiency, and deliver compelling user experiences to their customers and partners. The company serves large and mid-size organizations across various industries, such as cloud-based software and service providers, consumer Web, education, energy, financial services, government, healthcare, manufacturing, media, retail, and telecommunications through a network of distribution 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 founded in 2009 and is headquartered in Mountain View, California.
Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:PSTG
CUSIPN/A
Phone800-379-7873
Debt
Debt-to-Equity RatioN/A
Current Ratio2.48%
Quick Ratio2.39%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.02 billion
Price / Sales4.37
Cash FlowN/A
Price / CashN/A
Book Value$2.30 per share
Price / Book8.97
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-177,600,000.00
Net Margins-17.36%
Return on Equity-37.84%
Return on Assets-18.58%
Miscellaneous
Employees2,100
Outstanding Shares216,780,000
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 (NYSE:PSTG) posted its quarterly earnings results on Thursday, March, 1st. The technology company reported $0.13 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.06. The technology company had revenue of $338.30 million for the quarter, compared to the consensus estimate of $331.80 million. Pure Storage had a negative return on equity of 37.84% and a negative net margin of 17.36%. The company's revenue for the quarter was up 48.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share. View Pure Storage's Earnings History.
When is Pure Storage's next earnings date?
What price target have analysts set for PSTG?
22 equities research analysts have issued 1 year price objectives for Pure Storage's shares. Their predictions range from $13.00 to $30.00. On average, they expect Pure Storage's share price to reach $21.6250 in the next twelve months. 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. Maxim Group analysts commented, "Solid results but guidance implies deceleration beginning in the July 2018 quarter, likely due to tougher comparisons. Maintaining Hold rating as PSTG appears fairly valued, though slightly raising 12-month price target to $21, from $20." (3/2/2018)
- 2. BMO Capital Markets analysts commented, "We believe MX represents an investment opportunity as a differentiated display and foundry vendor benefitting from improving customer momentum. We hosted management meetings with investors and have increasing confidence in the company’s growth potential and opportunity to improve profitability . We believe recent restructuring efforts remain on track and can drive steadily improving profitability in the coming quarters." (6/14/2017)
- 3. Robert W. Baird analysts commented, "We attended Pure//Accelerate, the company’s annual user and partner conference, in San Francisco yesterday where Pure announced a swath of new software features for its growing storage platform. Management’s address to investors highlighted the company’s runway in a $35 billion+ TAM, and the potential for growth in Cloud, and Next-Gen Data applications." (6/14/2017)
Who are some of Pure Storage's key competitors?
Some companies that are related to Pure Storage include Zillow (ZG), Nutanix (NTNX), Grubhub (GRUB), Qorvo (QRVO), Cognex (CGNX), CDK Global (CDK), Proximus Group (PROX), Tyler Technologies (TYL), Trend Micro (TMICY), Juniper Networks (JNPR), Micro Focus (MCRO), PerkinElmer (PKI), LG Display (LPL), Obic (OBIIF), Teradyne (TER), CommScope (COMM), Turkcell (TKC) and The Ultimate Software Group (ULTI).
Who are Pure Storage's key executives?
Pure Storage's management team includes the folowing people:
- Mr. David M. Hatfield, Pres (Age 50)
- Mr. John Colgrove, Founder, CTO & Director (Age 55)
- Mr. Timothy Riitters, Chief Financial Officer (Age 45)
- Mr. Charles H. Giancarlo, CEO & Director (Age 60)
- Mr. John Hayes, Founder & Advisor
Has Pure Storage been receiving favorable news coverage?
Media coverage about PSTG stock has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pure Storage earned a media sentiment score of 0.20 on Accern's scale. They also gave press coverage about the technology company an impact score of 45.38 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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, Scottrade, Fidelity and Charles Schwab.
What is Pure Storage's stock price today?
One share of PSTG stock can currently be purchased for approximately $20.64.
How big of a company is Pure Storage?
Pure Storage has a market capitalization of $4.47 billion and generates $1.02 billion in revenue each year. Pure Storage employs 2,100 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 technology company can be reached via phone at 800-379-7873 or via email at [email protected]
MarketBeat Community Rating for Pure Storage (PSTG)
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.
Pure Storage (NYSE:PSTG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
22 Wall Street analysts have issued ratings and price targets for Pure Storage in the last 12 months. Their average twelve-month price target is $21.6250, suggesting that the stock has a possible upside of 4.77%. The high price target for PSTG is $30.00 and the low price target for PSTG is $13.00. There are currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.64 | 2.64 | 2.73 | 2.67 |
| Ratings Breakdown: | 1 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $21.6250 | $21.1750 | $18.8684 | $16.4048 |
| Price Target Upside: | 4.77% upside | 2.59% upside | 16.76% upside | 0.09% upside |
Pure Storage (NYSE:PSTG) Consensus Price Target History
Pure Storage (NYSE:PSTG) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Pure Storage (NYSE:PSTG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Pure Storage (NYSE PSTG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 46.58%
Institutional Ownership Percentage: 45.48%
Pure Storage (NYSE PSTG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/18/2018 | David Hatfield | President | Sell | 190,000 | $20.94 | $3,978,600.00 | |  |
| 4/5/2018 | David Hatfield | President | Sell | 12,266 | $19.89 | $243,970.74 | | |
| 4/5/2018 | John Colgrove | Insider | Sell | 8,480 | $20.07 | $170,193.60 | | |
| 4/5/2018 | Scott Dietzen | Director | Sell | 8,435 | $20.12 | $169,712.20 | | |
| 4/5/2018 | Timothy Riitters | CFO | Sell | 35,062 | $19.89 | $697,383.18 | | |
| 3/28/2018 | Timothy Riitters | CFO | Sell | 3,000 | $19.23 | $57,690.00 | | |
| 3/26/2018 | Scott Dietzen | Director | Sell | 125,000 | $19.39 | $2,423,750.00 | | |
| 3/19/2018 | David Hatfield | President | Sell | 200,000 | $20.15 | $4,030,000.00 | | |
| 2/21/2018 | Scott Dietzen | Director | Sell | 125,000 | $21.37 | $2,671,250.00 | | |
| 1/29/2018 | David Hatfield | President | Sell | 10,000 | $20.00 | $200,000.00 | | |
| 1/26/2018 | Scott Dietzen | Director | Sell | 125,000 | $19.55 | $2,443,750.00 | | |
| 1/23/2018 | David Hatfield | President | Sell | 95,817 | $18.01 | $1,725,664.17 | | |
| 1/19/2018 | David Hatfield | President | Sell | 94,183 | $17.73 | $1,669,864.59 | | |
| 1/11/2018 | James N White | Major Shareholder | Sell | 95,123 | $16.62 | $1,580,944.26 | | |
| 1/8/2018 | David Hatfield | President | Sell | 2,169 | $16.49 | $35,766.81 | | |
| 1/8/2018 | John Colgrove | Insider | Sell | 2,167 | $16.50 | $35,755.50 | | |
| 1/8/2018 | Timothy Riitters | CFO | Sell | 15,747 | $16.40 | $258,250.80 | | |
| 12/18/2017 | David Hatfield | President | Sell | 70,000 | $16.95 | $1,186,500.00 | | |
| 12/13/2017 | Timothy Riitters | CFO | Sell | 11,749 | $16.74 | $196,678.26 | | |
| 12/7/2017 | Scott Dietzen | Director | Sell | 200,000 | $17.22 | $3,444,000.00 | | |
| 12/7/2017 | Stefan A Dyckerhoff | Major Shareholder | Sell | 25,407 | $17.05 | $433,189.35 | | |
| 11/22/2017 | David Hatfield | President | Sell | 130,000 | $18.05 | $2,346,500.00 | | |
| 10/18/2017 | David Hatfield | President | Sell | 70,000 | $16.35 | $1,144,500.00 | | |
| 10/6/2017 | David Hatfield | President | Sell | 1,853 | $15.55 | $28,814.15 | | |
| 10/6/2017 | Timothy Riitters | CFO | Sell | 15,175 | $15.55 | $235,971.25 | | |
| 10/2/2017 | Timothy Riitters | CFO | Sell | 25,000 | $15.85 | $396,250.00 | | |
| 9/27/2017 | David Hatfield | President | Sell | 40,000 | $16.00 | $640,000.00 | 225,190 | |
| 9/18/2017 | David Hatfield | President | Sell | 30,000 | $14.66 | $439,800.00 | 215,190 | |
| 9/8/2017 | Timothy Riitters | CFO | Sell | 5,000 | $14.56 | $72,800.00 | 282,200 | |
| 9/1/2017 | Timothy Riitters | CFO | Sell | 55,000 | $14.82 | $815,100.00 | 332,200 | |
| 7/6/2017 | David Hatfield | President | Sell | 1,844 | $12.77 | $23,547.88 | 85,190 | |
| 7/6/2017 | John Colgrove | Insider | Sell | 1,826 | $12.90 | $23,555.40 | 55,870 | |
| 7/6/2017 | Scott Dietzen | CEO | Sell | 1,843 | $12.78 | $23,553.54 | 113,216 | |
| 7/6/2017 | Timothy Riitters | CFO | Sell | 10,248 | $12.81 | $131,276.88 | 227,200 | |
| 6/22/2017 | Michelangelo Volpi | Director | Sell | 35,673 | $13.03 | $464,819.19 | | |
| 6/22/2017 | Timothy Riitters | CFO | Sell | 8,255 | $13.14 | $108,470.70 | 242,448 | |
| 6/21/2017 | Michelangelo Volpi | Director | Sell | 412,514 | $13.02 | $5,370,932.28 | | |
| 6/20/2017 | Michelangelo Volpi | Director | Sell | 390,957 | $13.33 | $5,211,456.81 | | |
| 6/16/2017 | Michelangelo Volpi | Director | Sell | 1,425,000 | $13.15 | $18,738,750.00 | | |
| 6/9/2017 | Michelangelo Volpi | Director | Sell | 19,086 | $13.00 | $248,118.00 | | |
| 6/1/2017 | Timothy Riitters | CFO | Sell | 5,000 | $13.12 | $65,600.00 | 245,703 | |
| 3/21/2017 | Timothy Riitters | CFO | Sell | 3,416 | $10.30 | $35,184.80 | 15,004 | |
| 3/9/2017 | Michelangelo Volpi | Director | Sell | 958,024 | $10.18 | $9,752,684.32 | | |
| 3/8/2017 | Michelangelo Volpi | Director | Sell | 1,356,976 | $10.41 | $14,126,120.16 | | |
| 1/9/2017 | Michelangelo Volpi | Director | Sell | 1,350,799 | $12.03 | $16,250,111.97 | | |
| 1/6/2017 | Michelangelo Volpi | Director | Sell | 251,000 | $12.03 | $3,019,530.00 | | |
| 1/5/2017 | Michelangelo Volpi | Director | Sell | 250,000 | $12.01 | $3,002,500.00 | | |
| 12/23/2016 | Timothy Riitters | CFO | Sell | 4,900 | $11.75 | $57,575.00 | 18,420 | |
| 12/22/2016 | Timothy Riitters | CFO | Sell | 3,449 | $11.75 | $40,525.75 | 23,420 | |
| 12/21/2016 | Michelangelo Volpi | Director | Sell | 3,700 | $12.02 | $44,474.00 | | |
| 12/20/2016 | Michelangelo Volpi | Director | Sell | 344,500 | $12.01 | $4,137,445.00 | | |
| 12/15/2016 | Timothy Riitters | CFO | Sell | 5,000 | $11.94 | $59,700.00 | 26,769 | |
| 9/21/2016 | Timothy Riitters | CFO | Sell | 3,231 | $13.50 | $43,618.50 | 31,769 | |
| 6/16/2016 | James N White | Major Shareholder | Buy | 66,000 | $10.12 | $667,920.00 | | |
| 4/4/2016 | Tiger Global Management Llc | Major Shareholder | Sell | 6,547,200 | $13.75 | $90,024,000.00 | | |
| 12/9/2015 | Aneel Bhusri | Director | Buy | 206,887 | $17.95 | $3,713,621.65 | | |
| 12/9/2015 | Greylock Xiv Gp Llc | Major Shareholder | Buy | 1,013,704 | $17.37 | $17,608,038.48 | | |
| 12/8/2015 | Aneel Bhusri | Director | Buy | 1,175,125 | $17.01 | $19,988,876.25 | | |
(Data available from 1/1/2013 forward)
Pure Storage (NYSE PSTG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | David Hatfield Sells 190,000 Shares of Pure Storage (PSTG) Stock
www.americanbankingnews.com - April 20 at 7:22 PM |
 | Storage Wars: Security Concerns Generate Interest In AI-Powered, On-Premise Storage Solutions
www.forbes.com - April 19 at 9:14 AM |
| Pure Storage (PSTG) Lifted to Buy at BidaskClub
www.americanbankingnews.com - April 17 at 1:27 PM |
 | Tech Today: Chip Investors Nervous, Apple's Premium Problem, Facebook Risk
www.nasdaq.com - April 16 at 4:33 PM |
 | Deutsche Bank Starts Pure Storage (PSTG) at Buy
www.streetinsider.com - April 16 at 4:33 PM |
| Pure Storage (PSTG) Research Coverage Started at Deutsche Bank
www.americanbankingnews.com - April 16 at 9:16 AM |
 | Pure Storage initiated at 28% upside
seekingalpha.com - April 16 at 9:10 AM |
 | Free Post Earnings Research Report: Pure Storage’s Quarterly Revenues Jumped 48.45%
finance.yahoo.com - April 16 at 9:10 AM |
| Pure Storage (PSTG) Downgraded to "Hold" at BidaskClub
www.americanbankingnews.com - April 16 at 12:48 AM |
| ValuEngine Lowers Pure Storage (PSTG) to Sell
www.americanbankingnews.com - April 15 at 7:48 PM |
| Zacks: Brokerages Anticipate Pure Storage (PSTG) Will Announce Quarterly Sales of $251.62 Million
www.americanbankingnews.com - April 15 at 1:59 AM |
| Pure Storage (PSTG) Downgraded by BidaskClub to Sell
www.americanbankingnews.com - April 14 at 4:46 PM |
| -$0.12 EPS Expected for Pure Storage (PSTG) This Quarter
www.americanbankingnews.com - April 13 at 11:34 PM |
| Pure Storage (PSTG) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 12 at 3:31 PM |
| Robert W. Baird Analysts Give Pure Storage (PSTG) a $14.00 Price Target
www.americanbankingnews.com - April 10 at 5:37 PM |
| Pure Storage (PSTG) Stock Rating Lowered by Maxim Group
www.americanbankingnews.com - April 10 at 5:37 PM |
| Pure Storage: A Company That's Here To Stay
seekingalpha.com - April 10 at 4:38 PM |
| Veeam and Pure Storage Partner to Deliver Best-In-Class Data Management Platform for the Always-On Enterprise
finance.yahoo.com - April 10 at 9:42 AM |
| Insider Selling: Pure Storage (PSTG) Director Sells 8,435 Shares of Stock
www.americanbankingnews.com - April 9 at 7:19 PM |
| John Colgrove Sells 8,480 Shares of Pure Storage (PSTG) Stock
www.americanbankingnews.com - April 9 at 7:19 PM |
| David Hatfield Sells 12,266 Shares of Pure Storage (PSTG) Stock
www.americanbankingnews.com - April 9 at 7:16 PM |
| Insider Selling: Pure Storage (PSTG) CFO Sells 35,062 Shares of Stock
www.americanbankingnews.com - April 9 at 7:16 PM |
| Pure Storage (PSTG) Raised to Hold at BidaskClub
www.americanbankingnews.com - April 8 at 7:00 PM |
| Pure Storage (PSTG) Upgraded to Hold by BidaskClub
www.americanbankingnews.com - April 7 at 10:27 AM |
 | Pure Storage To Price Senior Notes Worth $450 Million
feeds.benzinga.com - April 5 at 12:16 PM |
 | Pure Storage (PSTG) to Price Senior Notes Worth $450 Million
www.zacks.com - April 5 at 9:13 AM |
| Pure Storage announces private senior note offering
seekingalpha.com - April 4 at 4:53 PM |
| Pure Storage (PSTG): Strong Industry, Solid Earnings Estimate Revisions
finance.yahoo.com - April 2 at 9:45 AM |
| Jeff Rothschild Joins Pure Storage's Board of Directors
finance.yahoo.com - April 2 at 9:45 AM |
| Pure Storage (PSTG) Down 8.4% Since Earnings Report: Can It Rebound?
finance.yahoo.com - April 2 at 9:45 AM |
| Why You Should Retain Pure Storage in Your Portfolio Now
finance.yahoo.com - April 2 at 9:45 AM |
| Timothy Riitters Sells 3,000 Shares of Pure Storage Inc (PSTG) Stock
www.americanbankingnews.com - March 30 at 10:14 PM |
| Pure Storage (PSTG) and Its Peers Head to Head Review
www.americanbankingnews.com - March 28 at 11:23 AM |
| Pure Storage Inc (PSTG) Director Sells $2,423,750.00 in Stock
www.americanbankingnews.com - March 27 at 10:16 PM |
| Pure Storage (PSTG) Upgraded to Overweight by Barclays
www.americanbankingnews.com - March 27 at 7:26 PM |
| Pure Storage (PSTG) Rating Increased to Strong-Buy at Vetr
www.americanbankingnews.com - March 26 at 12:36 AM |
| Pure Storage (PSTG) Rating Lowered to Buy at Vetr
www.americanbankingnews.com - March 25 at 10:15 AM |
| Pure Storage Inc (PSTG) President David Hatfield Sells 200,000 Shares
www.americanbankingnews.com - March 21 at 7:14 PM |
| Oppenheimer Equities Analysts Cut Earnings Estimates for Pure Storage Inc (PSTG)
www.americanbankingnews.com - March 21 at 1:28 PM |
| Pure Storage Inc (PSTG) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - March 18 at 3:27 PM |
| Pure Storage (PSTG) Downgraded by Vetr
www.americanbankingnews.com - March 17 at 9:24 PM |
| Can Western Digital Increase Revenue and Profit Margins?
finance.yahoo.com - March 13 at 9:35 AM |
| $251.62 Million in Sales Expected for Pure Storage Inc (PSTG) This Quarter
www.americanbankingnews.com - March 12 at 4:44 AM |
| Pure Storage Inc (PSTG) Expected to Post Earnings of -$0.12 Per Share
www.americanbankingnews.com - March 10 at 5:22 PM |
| Pure Storage (PSTG) Receives "Buy" Rating from William Blair
www.americanbankingnews.com - March 8 at 8:16 PM |
 | Data Storage Devices Stocks' Research Reports Released on GDS Holdings, NetApp, Pure Storage, and Quantum - PR Newswire (press release)
www.prnewswire.com - March 8 at 5:32 PM |
| Traders Purchase High Volume of Pure Storage Put Options (PSTG)
www.americanbankingnews.com - March 7 at 7:22 AM |
| Pure Storage Data Platform Achieves MEDITECH Certification
finance.yahoo.com - March 6 at 9:09 AM |
| Pure Storage (PSTG) Upgraded by Vetr to Strong-Buy
www.americanbankingnews.com - March 6 at 12:18 AM |
| Pure Storage (PSTG) Q4 Earnings, Revenues Beat Estimates
finance.yahoo.com - March 5 at 5:08 PM |
Pure Storage (NYSE:PSTG) SEC Filings
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Pure Storage (NYSE PSTG) Stock Chart for Sunday, April, 22, 2018
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