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NYSE:PSTGPure Storage Stock Price, Forecast & News

$17.61
+0.83 (+4.95 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$17.00
Now: $17.61
$18.08
50-Day Range
$12.21
MA: $14.19
$17.37
52-Week Range
$7.93
Now: $17.61
$20.50
Volume5.82 million shs
Average Volume2.81 million shs
Market Capitalization$4.70 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.59
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 and Artificial Intelligence Ready Infrastructure converged infrastructure solutions. Its data platform is used for a range of use cases, including database applications, large-scale analytics, artificial intelligence/machine learning, private and public cloud infrastructure and 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 enterprise and commercial organizations, cloud, global systems integrators, and service providers across various set of industry verticals, consumer web, education, energy, financial services, governments, 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars


Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
CUSIPN/A
Phone800-379-7873

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

Employees3,400
Market Cap$4.70 billion
Next Earnings Date8/19/2020 (Estimated)
OptionableOptionable

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Pure Storage (NYSE:PSTG) Frequently Asked Questions

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

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PSTG shares have increased by 28.4% and is now trading at $17.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Pure Storage?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Pure Storage.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Pure Storage.

How were Pure Storage's earnings last quarter?

Pure Storage Inc (NYSE:PSTG) announced its quarterly earnings data on Thursday, May, 28th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.14. The technology company earned $367.10 million during the quarter, compared to the consensus estimate of $349.36 million. Pure Storage had a negative return on equity of 17.10% and a negative net margin of 11.36%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) EPS. View Pure Storage's earnings history.

What price target have analysts set for PSTG?

21 analysts have issued 12 month price objectives for Pure Storage's stock. Their forecasts range from $14.00 to $25.00. On average, they expect Pure Storage's stock price to reach $20.25 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View analysts' price targets for Pure Storage.

Has Pure Storage been receiving favorable news coverage?

Headlines about PSTG stock have trended very negative this week, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pure Storage earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutPure Storage.

Are investors shorting Pure Storage?

Pure Storage saw a drop in short interest in May. As of May 15th, there was short interest totaling 13,750,000 shares, a drop of 26.4% from the April 30th total of 18,690,000 shares. Based on an average daily trading volume, of 3,980,000 shares, the short-interest ratio is presently 3.5 days. Approximately 5.9% of the company's shares are sold short. View Pure Storage's Current Options Chain.

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 Nutanix (NTNX), NVIDIA (NVDA), Cisco Systems (CSCO), Micron Technology (MU), Alibaba Group (BABA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Square (SQ), Intel (INTC) and salesforce.com (CRM).

Who are Pure Storage's key executives?

Pure Storage's management team includes the following people:
  • Mr. Charles H. Giancarlo, CEO & Chairman (Age 61)
  • Mr. David M. Hatfield, Pres (Age 50)
  • Mr. John Colgrove, Founder & Director (Age 56)
  • Mr. Timothy Riitters, Chief Financial Officer (Age 46)
  • Mr. John Hayes, Founder & Advisor

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 Champlain Investment Partners LLC (6.89%), William Blair Investment Management LLC (6.06%), Eminence Capital LP (5.31%), Disciplined Growth Investors Inc. MN (2.14%), First Trust Advisors LP (1.56%) and Sumitomo Mitsui Trust Holdings Inc. (1.46%). 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.

Which major investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Alyeska Investment Group L.P., Nuveen Asset Management LLC, Bank of New York Mellon Corp, Franklin Resources Inc., Spark Investment Management LLC, Raymond James & Associates, and AQR Capital 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 activity for Pure Storage.

Which major investors are buying Pure Storage stock?

PSTG stock was purchased by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Eminence Capital LP, Disciplined Growth Investors Inc. MN, Champlain Investment Partners LLC, William Blair Investment Management LLC, and Scout Investments Inc.. View insider buying and selling activity for Pure Storage.

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, Robinhood, Fidelity, and Charles Schwab.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $17.61.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $4.70 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 5/30/2020 by MarketBeat.com Staff

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