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.
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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.
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Pure Storage is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
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Pure Storage, Inc. (NYSE:PSTG) announced its earnings results on Wednesday, February, 24th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.12) by $0.25. The technology company had revenue of $502.72 million for the quarter, compared to analyst estimates of $480.49 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.

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PSTG stock has increased by 57.1% and is now trading at $21.55.
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Pure Storage updated its first quarter 2022 After-Hours earnings guidance on Wednesday, February, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $405-405 million, compared to the consensus revenue estimate of $390.81 million.

17 analysts have issued 12-month price targets for Pure Storage's stock. Their forecasts range from $18.00 to $35.00. On average, they expect Pure Storage's stock price to reach $26.24 in the next twelve months. This suggests a possible upside of 21.7% 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 Western Digital (WDC), Seagate Technology (STX), 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 Group (MRVL).

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

Pure Storage's stock is owned by a variety of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.09%), Acorn Financial Advisory Services Inc. ADV (0.02%), Phoenix Wealth Advisors (0.01%), FDx Advisors Inc. (0.01%) and NEXT Financial Group Inc (0.00%). 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 Scout Investments Inc., Phoenix Wealth Advisors, and FDx Advisors Inc.. Company insiders that have sold Pure Storage company stock in the last year include Anita M Sands, and Scott Dietzen.
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PSTG stock was purchased by a variety of institutional investors in the last quarter, including Acorn Financial Advisory Services Inc. ADV, and NEXT Financial Group Inc.
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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 $21.55.

Pure Storage has a market capitalization of $6.04 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 3,800 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]