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 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 had revenue of $428.40 million for 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 revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. 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 earnings per share (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 equities research analysts have issued 1-year target prices 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 7.8% 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 extremely negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pure Storage earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Pure Storage.

Pure Storage saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 17,600,000 shares, a decline of 7.9% from the December 15th total of 19,100,000 shares. Based on an average daily volume of 3,610,000 shares, the days-to-cover ratio is presently 4.9 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 CDW (CDW), Garmin (GRMN), Keysight Technologies (KEYS), Hewlett Packard Enterprise (HPE), Marvell Technology Group (MRVL), Paycom Software (PAYC), Altice USA (ATUS), TELIA Co A B/ADR (TLSNY), Check Point Software Technologies (CHKP), Arista Networks (ANET), Wirecard (WDI), Symantec (SYMC), Maxim Integrated Products (MXIM), Citrix Systems (CTXS) and RingCentral (RNG).

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), AT&T (T), Intel (INTC), Square (SQ), Advanced Micro Devices (AMD) and US Concrete (USCR).

Pure Storage's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.58%), Strs Ohio (0.23%), Assenagon Asset Management S.A. (0.19%), Gradient Investments LLC (0.03%), Diversified Trust Co (0.02%) and Tributary Capital Management LLC (0.02%). 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 purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., Strs Ohio, Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank , Tributary Capital Management LLC, DAVENPORT & Co LLC and Diversified Trust Co. 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 $19.17.

Pure Storage has a market capitalization of $4.99 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]