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NYSE:PSTGPure Storage Stock Price, Forecast & News

+0.29 (+1.81 %)
(As of 05/25/2020 04:00 PM ET)
Today's Range
Now: $16.27
50-Day Range
MA: $13.44
52-Week Range
Now: $16.27
Volume2.22 million shs
Average Volume2.86 million shs
Market Capitalization$4.34 billion
P/E RatioN/A
Dividend YieldN/A
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
SectorComputer and Technology



Sales & Book Value

Annual Sales$1.64 billion
Book Value$3.14 per share


Net Income$-200,990,000.00


Market Cap$4.34 billion
Next Earnings Date5/28/2020 (Confirmed)

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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 (WHO). Since then, PSTG stock has increased by 18.6% and is now trading at $16.27. View which stocks have been most impacted by Coronavirus.

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings and 16 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 Thursday, May 28th 2020. View our earnings forecast for Pure Storage.

How can I listen to Pure Storage's earnings call?

Pure Storage will be holding an earnings conference call on Thursday, May 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Pure Storage's earnings last quarter?

Pure Storage Inc (NYSE:PSTG) posted its quarterly earnings data on Thursday, February, 27th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The technology company had revenue of $492 million for the quarter, compared to analyst estimates of $488.45 million. Pure Storage had a negative net margin of 12.23% and a negative return on equity of 20.80%. The company's quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. View Pure Storage's earnings history.

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

Pure Storage issued an update on its first quarter 2021 After-Hours earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $365-365 million, compared to the consensus revenue estimate of $381.19 million.

What price target have analysts set for PSTG?

20 brokers have issued 1 year price objectives for Pure Storage's stock. Their forecasts range from $12.00 to $25.00. On average, they expect Pure Storage's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price. View analysts' price targets for Pure Storage.

Has Pure Storage been receiving favorable news coverage?

News coverage about PSTG stock has been trending very positive recently, InfoTrie reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pure Storage earned a news impact score of 4.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutPure Storage.

Are investors shorting Pure Storage?

Pure Storage saw a drop in short interest during 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 daily volume of 3,980,000 shares, the days-to-cover ratio is currently 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 shareholders 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 institutional 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 institutional investors are buying Pure Storage stock?

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.

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 $16.27.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $4.34 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 5/25/2020 by MarketBeat.com Staff

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