NYSE:PSTGPure Storage Stock Price, Forecast & News

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). 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.

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.

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

Pure Storage Inc (NYSE:PSTG) announced its quarterly earnings results on Thursday, May, 28th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.16) by $0.14. The technology company earned $367.10 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. View Pure Storage's earnings history.

21 brokers have issued 12 month price objectives for Pure Storage's shares. 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 twelve months. This suggests a possible upside of 15.0% from the stock's current price. View analysts' price targets for Pure Storage.

Press coverage about PSTG stock has been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public 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 -2.6 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPure Storage.

Pure Storage saw a drop in short interest in the month of 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 trading volume of 3,980,000 shares, the days-to-cover ratio is presently 3.5 days. Approximately 5.9% of the company's shares are short sold. View Pure Storage's Current Options Chain.

Some companies that are related to Pure Storage include FUJIFILM Holdings Co. American Depositary Shares (FUJIY), Citrix Systems (CTXS), Legrand (LGRVF), Crowdstrike (CRWD), Carrier Global (CARR), Arista Networks (ANET), Paycom Software (PAYC), Corning (GLW), Garmin (GRMN), China Unicom (Hong Kong) (CHU), CGI (GIB), Akamai Technologies (AKAM), Delivery Hero (DHER), Advanced Info Service PCL (AVIFY) and Aristocrat Leisure (ALL). View all competitors.

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).

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 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.

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.

PSTG stock was bought 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.

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.

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

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.

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

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]