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.
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Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Phone800-379-7873
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.36 billion
Profitability
Miscellaneous
Employees2,800
Next Earnings Date11/18/2019 (Estimated)
OptionableOptionable
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 Inc (NYSE:PSTG) posted its earnings results on Wednesday, August, 21st. The technology company reported ($0.23) EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.05. The technology company earned $396.30 million during the quarter, compared to the consensus estimate of $392.34 million. Pure Storage had a negative return on equity of 25.55% and a negative net margin of 14.99%. The company's quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. View Pure Storage's Earnings History.
When is Pure Storage's next earnings date?
What guidance has Pure Storage issued on next quarter's earnings?
Pure Storage updated its FY 2020 earnings guidance on Wednesday, August, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.645-1.715 billion, compared to the consensus revenue estimate of $1.73 billion.
What price target have analysts set for PSTG?
20 analysts have issued 1-year price objectives for Pure Storage's shares. Their predictions range from $17.00 to $34.00. On average, they expect Pure Storage's share price to reach $23.0953 in the next year. This suggests a possible upside of 44.0% from the stock's current price. View Analyst Price Targets for Pure Storage.
What is the consensus analysts' recommendation for Pure Storage?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, "Revenue disappoints due to large enterprise deals pushing out. Strong deferred revenue suggests strengthened retention rates. FY20 midpoint revenue guidance lowered by $35M despite just a $6M F1Q20 miss, makes us incrementally concerned reduced demand is due to increased price competition for select large enterprise customers. We expect the increased price competition to pass, maintain Hold rating and DCF-based 12-month price target of $22." (5/23/2019)
- 2. According to Zacks Investment Research, "Pure Storage reported dismal fourth-quarter results. Nonetheless, the year-over-year increase in revenues can be attributed to robust business fundamentals, strong FlashBlade implementation, higher adoption of new products and strong go-to-market strategies. Robust business fundamentals and strong go-to-market strategies are key postives. The company continues to gain from adoption of its strong product portfolio including the likes of FlashArray and FlashBlade. Additionally, the company’s data platform for cloud is gaining traction. The transition to cloud-capable storage for data integrity and predictive analytics bodes well for Pure Storage. Expanding customer base is a positive. Further, strengthening partnership with NVIDIA is likely to bolster its growth prospects and expand product offerings. However, increasing competition from established storage players like HPE and NetApp is a major concern." (3/6/2019)
Has Pure Storage been receiving favorable news coverage?
Headlines about PSTG stock have been trending positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pure Storage earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near future. View News Stories for Pure Storage.
Are investors shorting Pure Storage?
Pure Storage saw a increase in short interest in July. As of July 31st, there was short interest totalling 18,470,300 shares, an increase of 14.3% from the June 30th total of 16,153,700 shares. Based on an average trading volume of 4,330,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 10.2% of the company's stock are short sold. 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?
Who are Pure Storage's key executives?
Pure Storage's management team includes the folowing 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
Who are Pure Storage's major shareholders?
Pure Storage's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.69%), Price T Rowe Associates Inc. MD (5.50%), William Blair Investment Management LLC (4.91%), Eminence Capital LP (4.26%), Renaissance Technologies LLC (2.43%) and Westfield Capital Management Co. LP (1.49%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, Scott Dietzen, Stefan A Dyckerhoff 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 Institutional Venture Management XIV LLC, Amundi Pioneer Asset Management Inc., William Blair Investment Management LLC, State of New Jersey Common Pension Fund D, First Republic Investment Management Inc., Renaissance Technologies LLC, Breakline Capital LLC and Wells Fargo & Company MN. Company insiders that have sold Pure Storage company stock in the last year include Charles H Giancarlo, David Hatfield, John Colgrove, Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.
Which institutional investors are buying Pure Storage stock?
PSTG stock was acquired by a variety of institutional investors in the last quarter, including Eminence Capital LP, First Trust Advisors LP, Nuveen Asset Management LLC, Westfield Capital Management Co. LP, D. E. Shaw & Co. Inc., Turiya Advisors Asia Ltd, Vanguard Group Inc. and Price T Rowe Associates Inc. MD. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Pure Storage's stock price today?
One share of PSTG stock can currently be purchased for approximately $16.04.
How big of a company is Pure Storage?
Pure Storage has a market capitalization of $4.06 billion and generates $1.36 billion in revenue each year. The technology company earns $-178,360,000.00 in net income (profit) each year or ($0.70) on an earnings per share basis. Pure Storage employs 2,800 workers across the globe.View Additional Information About Pure Storage.
What is Pure Storage's official website?
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 (NYSE 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.
