NYSE:PSTG - Pure Storage Stock Price, Forecast & News

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

Pure Storage Inc (NYSE:PSTG) issued its quarterly earnings results on Thursday, November, 21st. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.14) by $0.27. The technology company earned $428.40 million during the quarter, compared to the consensus estimate of $440.39 million. Pure Storage had a negative net margin of 14.11% and a negative return on equity of 24.66%. The firm's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. View Pure Storage's Earnings History.

Pure Storage is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Pure Storage.

Pure Storage issued an update on its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$484-496 million, compared to the consensus revenue estimate of $$511.77 million.

19 brokers have issued 1 year price targets for Pure Storage's stock. Their forecasts range from $14.00 to $25.00. On average, they anticipate Pure Storage's stock price to reach $20.67 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price. View Analyst Price Targets for Pure Storage.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pure Storage.

Press coverage about PSTG stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. 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 2.0 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Pure Storage.

Pure Storage saw a decrease in short interest in January. As of January 15th, there was short interest totalling 17,600,000 shares, a decrease of 7.9% from the December 31st total of 19,100,000 shares. Based on an average daily trading volume, of 3,550,000 shares, the short-interest ratio is presently 5.0 days. Approximately 7.8% of the company's stock are short sold. View Pure Storage's Current Options Chain.

Some companies that are related to Pure Storage include Sprint (S), CDW (CDW), Garmin (GRMN), Keysight Technologies (KEYS), Hewlett Packard Enterprise (HPE), Paycom Software (PAYC), Marvell Technology Group (MRVL), Arista Networks (ANET), Atlassian (TEAM), TELIA Co A B/ADR (TLSNY), Altice USA (ATUS), Check Point Software Technologies (CHKP), Symantec (SYMC), Maxim Integrated Products (MXIM) and Wirecard (WDI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pure Storage investors own include Nutanix (NTNX), Cisco Systems (CSCO), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AT&T (T), Advanced Micro Devices (AMD), Square (SQ) and US Concrete (USCR).

Pure Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.58%), Strs Ohio (0.23%), Assenagon Asset Management S.A. (0.19%), California Public Employees Retirement System (0.19%), CWM LLC (0.13%) and Gradient Investments LLC (0.03%). 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 CENTRAL TRUST Co, Gradient Investments LLC and Sonora Investment 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 for Pure Storage.

PSTG stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Strs Ohio, Assenagon Asset Management S.A., California Public Employees Retirement System, Virginia Retirement Systems ET AL, Acorn Financial Advisory Services Inc. ADV, CWM LLC and Zurcher Kantonalbank Zurich Cantonalbank . View Insider Buying and Selling 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 $18.79.

Pure Storage has a market capitalization of $4.89 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.

The official website for Pure Storage is http://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]