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

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$19.21 +0.19 (+1.00 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$19.02
Today's Range$19.09 - $19.37
52-Week Range$13.99 - $29.14
Volume1.37 million shs
Average Volume2.97 million shs
Market Capitalization$4.64 billion
P/E Ratio-22.87
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, a converged infrastructure solution. Its data platform is used for a range of use cases, including database applications, large-scale analytics, private and public cloud infrastructure, 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 large and mid-size organizations across various industries, such as cloud-based software and service providers, consumer Web, education, energy, financial services, government, 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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Industry, Sector and Symbol

Industry Computer storage devices
SectorComputer and Technology



Sales & Book Value

Annual Sales$1.02 billion
Book Value$2.25 per share


Net Income$-177,600,000.00


Market Cap$4.64 billion

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) announced its quarterly earnings data on Monday, November, 19th. The technology company reported ($0.10) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.13) by $0.03. The technology company earned $372.80 million during the quarter, compared to analysts' expectations of $367.37 million. Pure Storage had a negative net margin of 12.89% and a negative return on equity of 23.88%. The business's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) earnings per share. View Pure Storage's Earnings History.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Pure Storage.

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

Pure Storage updated its fourth quarter earnings guidance on Monday, November, 19th. The company provided EPS guidance of $438-446 mln for the period, compared to the Thomson Reuters consensus estimate of $0.18. Pure Storage also updated its FY 2019 guidance to EPS.

What price target have analysts set for PSTG?

24 brokerages have issued 1-year target prices for Pure Storage's shares. Their predictions range from $20.00 to $34.00. On average, they anticipate Pure Storage's share price to reach $26.4091 in the next year. This suggests a possible upside of 37.5% from the stock's current price. View Analyst Price Targets for Pure Storage.

What is the consensus analysts' recommendation for Pure Storage?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 7 hold ratings and 17 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. According to Zacks Investment Research, "Pure Storage delivered stellar third-quarter results. Robust business fundamentals and strong go-to-market strategies drove top line growth. 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. The stock has outperformed the industry in the past year. Expanding customer base is a positive. Further, strengthening partnership with NVIDIA is likely to bolster its growth prospects and expand product offerings. Pure Storage also raised fiscal 2019 revenue guidance. However, increasing competition from established storage players like HPE and NetApp is a major concern. Also, lack of big international customers is a headwind." (11/22/2018)
  • 2. Maxim Group analysts commented, "Solid results relative to guidance due to strength with FlashBlade. In-line guidance, S&M spend appears to be on track for just 21% y/y growth in FY19, which is incrementally concerning from our perspective. Cloud data services needs to mature before becoming impactful, in our view. Reiterating Hold rating and reducing 12-month price target to $21, from $23." (11/20/2018)

Has Pure Storage been receiving favorable news coverage?

News articles about PSTG stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring 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 five, with scores closest to five being the most favorable. Pure Storage earned a news sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the next several days.

Who are some of Pure Storage's key competitors?

Some companies that are related to Pure Storage include NetApp (NTAP), Western Digital (WDC), Seagate Technology (STX), Quantum (QTM) and Quantum (QMCO).

Who are Pure Storage's key executives?

Pure Storage's management team includes the folowing people:
  • Mr. Charles H. Giancarlo, CEO & Chairman (Age 60)
  • Mr. David M. Hatfield, Pres (Age 49)
  • Mr. John Colgrove, Founder & Director (Age 55)
  • Mr. John Hayes, Founder & Advisor
  • Mr. Timothy Riitters, Chief Financial Officer (Age 45)

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 BlackRock Inc. (5.94%), Polar Capital LLP (1.07%), Two Sigma Advisers LP (1.05%), First Trust Advisors LP (0.67%), Geode Capital Management LLC (0.64%) and Thornburg Investment Management Inc. (0.64%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, Michelangelo Volpi, Scott Dietzen, Stefan A Dyckerhoff and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

Which major investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., First Trust Advisors LP, Emerald Advisers LLC, Millennium Management LLC, D. E. Shaw & Co. Inc., Emerald Mutual Fund Advisers Trust and Two Sigma Advisers LP. Company insiders that have sold Pure Storage company stock in the last year include Charles H Giancarlo, David Hatfield, John Colgrove, Michael L Speiser, Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Which major investors are buying Pure Storage stock?

PSTG stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Eaton Vance Management, Sumitomo Mitsui Asset Management Company LTD, Frontier Capital Management Co. LLC, Thornburg Investment Management Inc., Polar Capital LLP, Zweig DiMenna Associates LLC and Canada Pension Plan Investment Board. 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 $19.21.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $4.64 billion and generates $1.02 billion in revenue each year. The technology company earns $-177,600,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis. Pure Storage employs 2,100 workers across the globe.

What is Pure Storage's official website?

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

MarketBeat Community Rating for Pure Storage (NYSE PSTG)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  490 (Vote Outperform)
Underperform Votes:  332 (Vote Underperform)
Total Votes:  822
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.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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