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.
Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Phone800-379-7873
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.36 billion
Profitability
Miscellaneous
Employees2,800
Next Earnings Date5/20/2019 (Estimated)
OptionableOptionable
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) released its quarterly earnings results on Thursday, February, 28th. The technology company reported ($0.08) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.02. The technology company had revenue of $422.22 million for the quarter, compared to analysts' expectations of $443.27 million. Pure Storage had a negative return on equity of 22.64% and a negative net margin of 13.12%. View Pure Storage's Earnings History.
When is Pure Storage's next earnings date?
What guidance has Pure Storage issued on next quarter's earnings?
Pure Storage issued an update on its FY 2020 earnings guidance on Thursday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.735-1.805 billion, compared to the consensus revenue estimate of $1.76 billion.Pure Storage also updated its Q1 2020 guidance to EPS.
What price target have analysts set for PSTG?
20 brokerages have issued 1-year price targets for Pure Storage's shares. Their forecasts range from $18.81 to $34.00. On average, they expect Pure Storage's share price to reach $26.4339 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for Pure Storage.
What is the consensus analysts' recommendation for Pure Storage?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 6 hold ratings and 14 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 reported dismal fourth-quarter results. Nonetheless, the year-over-year increase in revenues can be attributed to robust business fundamentals, strong FlashBlade implementation, higher adoption of new products and strong go-to-market strategies. Robust business fundamentals and strong go-to-market strategies are key postives. 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. Expanding customer base is a positive. Further, strengthening partnership with NVIDIA is likely to bolster its growth prospects and expand product offerings. However, increasing competition from established storage players like HPE and NetApp is a major concern." (3/6/2019)
- 2. Maxim Group analysts commented, "Despite significant revenue miss, billings growth of 39% y/y meshes with management contention of supply issue causing miss, not demand. April quarter (F1Q20) guidance soft considering supply issue should be cleared." (3/1/2019)
Has Pure Storage been receiving favorable news coverage?
Press coverage about PSTG stock has been trending somewhat positive this week, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pure Storage earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the next several days.
Who are some of Pure Storage's key competitors?
What other stocks do shareholders of Pure Storage own?
Who are Pure Storage's key executives?
Pure Storage's management team includes the folowing 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
Who are Pure Storage's major shareholders?
Pure Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Pembroke Management LTD (0.54%), CWM LLC (0.06%), Tributary Capital Management LLC (0.02%), Bangor Savings Bank (0.01%), Gradient Investments LLC (0.01%) and Juncture Wealth Strategies LLC (0.01%). 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 institutional investors are selling Pure Storage stock?
PSTG stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Gradient Investments LLC, Pembroke Management LTD, Strs Ohio and State of Alaska Department of Revenue. 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 institutional investors are buying Pure Storage stock?
PSTG stock was acquired by a variety of institutional investors in the last quarter, including CWM LLC, Juncture Wealth Strategies LLC, Bangor Savings Bank, Sageworth Trust Co and Sonora Investment Management LLC. 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 $23.21.
How big of a company is Pure Storage?
Pure Storage has a market capitalization of $5.68 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.
What is Pure Storage's official website?
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)
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.
