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NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$22.51
-0.73 (-3.14 %)
(As of 01/26/2021 12:00 AM ET)
Add
Compare
Today's Range
$22.50
Now: $22.51
$23.47
50-Day Range
$21.13
MA: $22.88
$24.20
52-Week Range
$7.93
Now: $22.51
$24.63
Volume2.69 million shs
Average Volume3.80 million shs
Market Capitalization$6.14 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.47
Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. It delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. The company's cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution, which are integrated hardware and software appliances for file and object storage. It also provides subscription based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store for data migrations and storage. Pure Storage, Inc. has a strategic partnership with Cohesity, Inc. to market Pure FlashRecover, a solution to meet the business continuity requirements for data-driven organizations. 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.
Pure Storage logo

MarketRank

Overall MarketRank

1.54 out of 5 stars

Computer And Technology Sector

274th out of 1,510 stocks

Computer Storage Devices Industry

4th out of 7 stocks

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
CUSIPN/A
Phone800-379-7873
Employees3,400
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.64 billion
Book Value$3.14 per share

Profitability

Net Income$-200,990,000.00

Miscellaneous

Market Cap$6.14 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$22.51
-0.73 (-3.14 %)
(As of 01/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pure Storage (NYSE:PSTG) Frequently Asked Questions

How has Pure Storage's stock been impacted by Coronavirus (COVID-19)?

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. Since then, PSTG shares have increased by 64.1% and is now trading at $22.51.
View which stocks have been most impacted by COVID-19
.

Is Pure Storage a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Pure Storage stock.
View analyst ratings for Pure Storage
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Pure Storage?

Wall Street analysts have given Pure Storage a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Pure Storage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Pure Storage
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) issued its quarterly earnings data on Tuesday, November, 24th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.23. The technology company had revenue of $410.62 million for the quarter, compared to analyst estimates of $407.26 million. Pure Storage had a negative net margin of 14.01% and a negative trailing twelve-month return on equity of 19.09%.
View Pure Storage's earnings history
.

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

Pure Storage issued an update on its third quarter 2021 After-Hours earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $410-410 million, compared to the consensus revenue estimate of $404.48 million.

What price target have analysts set for PSTG?

15 equities research analysts have issued 12-month price objectives for Pure Storage's stock. Their forecasts range from $17.00 to $27.00. On average, they expect Pure Storage's share price to reach $21.33 in the next year. This suggests that the stock has a possible downside of 5.2%.
View analysts' price targets for Pure Storage
or view Wall Street analyst' top-rated stocks.

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), The Boeing (BA), Intel (INTC) and Marvell Technology Group (MRVL).

Who are Pure Storage's key executives?

Pure Storage's management team includes the following people:
  • Mr. Charles H. Giancarlo, Chairman & CEO (Age 62, Pay $883k)
  • Mr. John Colgrove, Founder, CTO & Director (Age 57, Pay $597.71k)
  • Mr. Kevan Krysler, Chief Financial Officer (Age 49, Pay $1.07M)
  • Mr. Paul S. Mountford, Chief Operating Officer (Age 61, Pay $379.98k)
  • Mr. David M. Hatfield, Vice Chair & Pres Emeritus (Age 51, Pay $647.22k)
  • Mr. John Hayes, Founder & Advisor
  • Ms. Cathleen Southwick, Chief Information Officer
  • Mr. Matthew Daniel Danziger, Head of Investor Relations
  • Mr. Joseph T. FitzGerald, Chief Legal Officer & Corp. Sec.
  • Mr. Arthur P. Johnson, VP of Corp. Devel. & Strategic Planning

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 retail and institutional investors. Top institutional shareholders include Strs Ohio (0.88%), Scout Investments Inc. (0.54%), Taylor Frigon Capital Management LLC (0.08%), Diversified Trust Co (0.03%), Adviser Investments LLC (0.02%) and Acorn Financial Advisory Services Inc. ADV (0.02%). Company insiders that own Pure Storage stock include Scott Dietzen and Timothy Riitters.
View institutional ownership trends for Pure Storage
.

Which institutional investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Strs Ohio, TCI Wealth Advisors Inc., Adviser Investments LLC, and Thompson Investment Management Inc..
View insider buying and selling activity for Pure Storage
or view top insider-selling stocks.

Which institutional investors are buying Pure Storage stock?

PSTG stock was purchased by a variety of institutional investors in the last quarter, including IBM Retirement Fund, Taylor Frigon Capital Management LLC, Diversified Trust Co, Exchange Traded Concepts LLC, Janney Montgomery Scott LLC, Acorn Financial Advisory Services Inc. ADV, International Assets Investment Management LLC, and Sowell Financial Services LLC.
View insider buying and selling activity for Pure Storage
or or view top insider-buying stocks.

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.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $22.51.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $6.14 billion and generates $1.64 billion in revenue each year. The technology company earns $-200,990,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Pure Storage employs 3,400 workers across the globe.

What is Pure Storage's official website?

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

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]

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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