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NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$18.10
+0.15 (+0.84 %)
(As of 10/23/2020 12:00 AM ET)
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Compare
Today's Range
$17.66
Now: $18.10
$18.11
50-Day Range
$14.40
MA: $15.97
$18.41
52-Week Range
$7.93
Now: $18.10
$20.50
Volume1.95 million shs
Average Volume4.27 million shs
Market Capitalization$4.85 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.43
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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Pure Storage logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.40 out of 5 stars

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
CUSIPN/A
Phone800-379-7873
Employees3,400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.64 billion
Book Value$3.14 per share

Profitability

Net Income$-200,990,000.00

Miscellaneous

Market Cap$4.85 billion
Next Earnings Date11/19/2020 (Estimated)
OptionableOptionable
$18.10
+0.15 (+0.84 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pure Storage (NYSE:PSTG) Frequently Asked Questions

How has Pure Storage's stock price been impacted by COVID-19?

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. Since then, PSTG stock has increased by 31.9% and is now trading at $18.10.
View which stocks have been most impacted by COVID-19
.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 3 hold ratings and 10 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, November 19th 2020.
View our earnings forecast for Pure Storage
.

How were Pure Storage's earnings last quarter?

Pure Storage Inc (NYSE:PSTG) announced its quarterly earnings results on Tuesday, August, 25th. The technology company reported $0.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.27. The technology company earned $403.72 million during the quarter, compared to analysts' expectations of $395.27 million. Pure Storage had a negative net margin of 11.25% and a negative return on equity of 13.46%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS.
View Pure Storage's earnings history
.

What price target have analysts set for PSTG?

13 equities research analysts have issued 12-month price objectives for Pure Storage's stock. Their forecasts range from $17.00 to $23.00. On average, they expect Pure Storage's share price to reach $20.31 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts' price targets for Pure Storage
.

Are investors shorting Pure Storage?

Pure Storage saw a increase in short interest in September. As of September 30th, there was short interest totaling 20,540,000 shares, an increase of 15.3% from the September 15th total of 17,810,000 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 8.4% of the shares of the company are short sold.
View Pure Storage's Short Interest
.

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 NVIDIA (NVDA), QUALCOMM (QCOM), Nutanix (NTNX), Micron Technology (MU), Advanced Micro Devices (AMD), Square (SQ), Cisco Systems (CSCO), The Boeing (BA), Intel (INTC) and Marvell Technology Group (MRVL).

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 many different retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.72%), Retirement Systems of Alabama (0.09%), Taylor Frigon Capital Management LLC (0.08%), DAVENPORT & Co LLC (0.06%), Highland Capital Management LLC (0.04%) and Diversified Trust Co (0.03%). Company insiders that own Pure Storage stock include Scott Dietzen 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 Scout Investments Inc., Retirement Systems of Alabama, AMG National Trust Bank, DAVENPORT & Co LLC, and Tributary Capital Management LLC.
View insider buying and selling activity 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 Taylor Frigon Capital Management LLC, Envestnet Asset Management Inc., Fieldpoint Private Securities LLC, Patriot Financial Group Insurance Agency LLC, Acorn Financial Advisory Services Inc. ADV, Highland Capital Management LLC, Diversified Trust Co, and Spearhead Capital Advisors LLC.
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 $18.10.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $4.85 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 10/23/2020 by MarketBeat.com Staff

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