Pure Storage Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Pure Storage stock.
View analyst ratings for Pure Storage or view top-rated stocks.

Wall Street analysts have given Pure Storage a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Pure Storage wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Pure Storage saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 12,230,000 shares, a decrease of 16.1% from the June 30th total of 14,570,000 shares. Based on an average daily volume of 4,390,000 shares, the short-interest ratio is presently 2.8 days. Currently, 4.6% of the company's shares are sold short.
View Pure Storage's Short Interest.

Pure Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021.
View our earnings forecast for Pure Storage.

Pure Storage, Inc. (NYSE:PSTG) issued its quarterly earnings results on Wednesday, May, 26th. The technology company reported ($0.22) EPS for the quarter, beating the Zacks' consensus estimate of ($0.28) by $0.06. The technology company earned $412.71 million during the quarter, compared to analysts' expectations of $406.27 million. Pure Storage had a negative trailing twelve-month return on equity of 24.09% and a negative net margin of 15.94%.
View Pure Storage's earnings history.

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PSTG shares have increased by 42.3% and is now trading at $19.52.
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Pure Storage issued an update on its second quarter 2022 earnings guidance on Tuesday, June, 22nd. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $470 million-470 million, compared to the consensus revenue estimate of $455.85 million.

17 analysts have issued twelve-month price objectives for Pure Storage's stock. Their forecasts range from $18.00 to $35.00. On average, they anticipate Pure Storage's stock price to reach $27.44 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price.
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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.

Some companies that are related to Pure Storage include Seagate Technology (STX), Western Digital (WDC), NetApp (NTAP), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
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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), The Boeing (BA), Intel (INTC) and Marvell Technology (MRVL).

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

Pure Storage's stock is owned by a number of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.09%), Taylor Frigon Capital Management LLC (0.07%), DAVENPORT & Co LLC (0.05%), Alliancebernstein L.P. (0.05%), Malaga Cove Capital LLC (0.03%) and Kestra Private Wealth Services LLC (0.03%). Company insiders that own Pure Storage stock include Anita M Sands, 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 Taylor Frigon Capital Management LLC, GWM Advisors LLC, Scout Investments Inc., and Ieq Capital LLC. Company insiders that have sold Pure Storage company stock in the last year include Anita M Sands, and Scott Dietzen.
View insider buying and selling activity for Pure Storage or view top insider-selling stocks.

PSTG stock was purchased by a variety of institutional investors in the last quarter, including Green Alpha Advisors LLC, CHICAGO TRUST Co NA, Kestra Private Wealth Services LLC, Arkadios Wealth Advisors, Emerald Advisers LLC, Harel Insurance Investments & Financial Services Ltd., Malaga Cove Capital LLC, and Exchange Traded Concepts LLC.
View insider buying and selling activity for Pure Storage or or view top insider-buying stocks.

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.
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One share of PSTG stock can currently be purchased for approximately $19.52.

Pure Storage has a market capitalization of $5.53 billion and generates $1.68 billion in revenue each year. The technology company earns $-282,080,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

Pure Storage employs 3,800 workers across the globe.

The official website for Pure Storage is www.purestorage.com.

Pure Storage is headquartered at 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041.

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]