NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$21.55
-0.05 (-0.23 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$21.29
Now: $21.55
$21.67
50-Day Range
$19.37
MA: $22.02
$24.49
52-Week Range
$11.96
Now: $21.55
$29.53
Volume2.29 million shs
Average Volume5.17 million shs
Market Capitalization$6.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.47
Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. The company delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. Its cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution for file and object storage. The company also provides FlashStack and Artificial Intelligence -Ready Infrastructure converged infrastructure solutions; and subscription-based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store, as well as installation and implementation consulting services. In addition, it offers container data services, such as storage, data protection, data security, and disaster recovery/backup for cloud-native applications. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.
Pure Storage logo

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
CUSIPN/A
Phone800-379-7873
Employees3,800
Year FoundedN/A

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$6.04 billion
Next Earnings Date5/27/2021 (Estimated)
OptionableOptionable

Headlines

Pure Storage (NYSE:PSTG) PT Lowered to $25.00 at Morgan Stanley
April 13, 2021 |  americanbankingnews.com
Pure Storage (NYSE:PSTG) Sees Unusually-High Trading Volume
March 30, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.74 out of 5 stars

Computer And Technology Sector

175th out of 1,551 stocks

Computer Storage Devices Industry

5th out of 7 stocks

Analyst Opinion: 3.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$21.55
-0.05 (-0.23 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pure Storage (NYSE:PSTG) Frequently Asked Questions

Is Pure Storage a buy right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Pure Storage stock.
View analyst ratings for Pure Storage
or view top-rated stocks.

What stocks does MarketBeat like better than Pure Storage?

Wall Street analysts have given Pure Storage a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Pure Storage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Pure Storage
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) released its earnings results on Wednesday, February, 24th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.25. The technology company had revenue of $502.72 million for the quarter, compared to analyst estimates of $480.49 million. Pure Storage had a negative trailing twelve-month return on equity of 19.09% and a negative net margin of 14.01%.
View Pure Storage's earnings history
.

How has Pure Storage's stock been impacted by Coronavirus?

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PSTG shares have increased by 57.1% and is now trading at $21.55.
View which stocks have been most impacted by COVID-19
.

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

Pure Storage updated its first quarter 2022 After-Hours earnings guidance on Wednesday, February, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $405-405 million, compared to the consensus revenue estimate of $390.81 million.

What price target have analysts set for PSTG?

17 analysts have issued 1-year price objectives for Pure Storage's shares. Their forecasts range from $18.00 to $35.00. On average, they anticipate Pure Storage's stock price to reach $26.24 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
View analysts' price targets for Pure Storage
or view top-rated stocks among Wall Street analysts.

Who are Pure Storage's key executives?

Pure Storage's management team includes the following people:
  • Mr. Charles H. Giancarlo, Chairman & CEO (Age 63, Pay $883k)
  • Mr. John Colgrove, Founder, CTO & Director (Age 58, Pay $597.71k)
  • Mr. Kevan Krysler, Chief Financial Officer (Age 50, Pay $1.07M)
  • Mr. John Hayes, Founder & Advisor
  • Ms. Cathleen Southwick, Chief Information Officer
  • Mr. Matthew Daniel Danziger, Head of Investor Relations
  • Mr. Joseph T. FitzGerald, Chief Legal Officer & Corp. Sec.
  • Mr. Arthur P. Johnson, VP of Corp. Devel. & Strategic Planning
  • Mr. Jason Rose, Chief Marketing Officer
  • Mr. Dominick Delfino, Chief Revenue Officer & Global Head of Sales

What is Charles Giancarlo's approval rating as Pure Storage's CEO?

117 employees have rated Pure Storage CEO Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among Pure Storage's employees.

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).

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 institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.09%), Acorn Financial Advisory Services Inc. ADV (0.02%), Phoenix Wealth Advisors (0.01%), FDx Advisors Inc. (0.01%) and NEXT Financial Group Inc (0.00%). Company insiders that own Pure Storage stock include Anita M Sands, 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., Phoenix Wealth Advisors, and FDx Advisors Inc.. Company insiders that have sold Pure Storage company stock in the last year include Anita M Sands, and Scott Dietzen.
View insider buying and selling activity for Pure Storage
or view top insider-selling stocks.

Which major investors are buying Pure Storage stock?

PSTG stock was bought by a variety of institutional investors in the last quarter, including Acorn Financial Advisory Services Inc. ADV, and NEXT Financial Group Inc.
View insider buying and selling activity for Pure Storage
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $21.55.

How much money does Pure Storage make?

Pure Storage has a market capitalization of $6.04 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.

How many employees does Pure Storage have?

Pure Storage employs 3,800 workers across the globe.

What is Pure Storage's official website?

The official website for Pure Storage is www.purestorage.com.

Where are Pure Storage's headquarters?

Pure Storage is headquartered at 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041.

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 4/18/2021 by MarketBeat.com Staff
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