NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$23.21

+0.34 (+1.49 %)

(As of 01/21/2021 12:00 AM ET)

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Today's Range

$22.68

Now: $23.21▼

$23.37

50-Day Range

$19.36

MA: $22.65▼

$24.20

52-Week Range

$7.93

Now: $23.21▼

$24.63

Volume2.21 million shs

Average Volume3.98 million shs

Market Capitalization$6.33 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. It 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. The company's cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution, which are integrated hardware and software appliances for file and object storage. It also provides subscription based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store for data migrations and storage. Pure Storage, Inc. has a strategic partnership with Cohesity, Inc. to market Pure FlashRecover, a solution to meet the business continuity requirements for data-driven organizations. 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.

MarketRank^™

Overall MarketRank^™

1.54 out of 5 stars

Computer And Technology Sector

274th out of 1,517 stocks

Computer Storage Devices Industry

5th out of 7 stocks

2.4 Analyst's Opinion

Consensus Rating
Pure Storage has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 12 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.33, Pure Storage has a forecasted downside of 8.1% from its current price of $23.21.
Amount of Analyst Coverage
Pure Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Pure Storage has received 611 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Pure Storage has received 416 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Pure Storage has received 59.49% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Pure Storage does not currently pay a dividend.
Dividend Growth
Pure Storage does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pure Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,024,485.00 in company stock.
Percentage Held by Insiders
Only 10.00% of the stock of Pure Storage is held by insiders.
Percentage Held by Institutions
85.50% of the stock of Pure Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Pure Storage are expected to grow in the coming year, from ($0.71) to ($0.60) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pure Storage is -26.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pure Storage is -26.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Pure Storage has a P/B Ratio of 7.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Computer storage devices

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:PSTG

Previous Symbol

CUSIPN/A

CIK1474432

Webwww.purestorage.com

Phone800-379-7873

Employees3,400

Debt

Debt-to-Equity Ratio1.02

Current Ratio2.64

Quick Ratio2.58

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.64 billion

Price / Sales3.85

Cash FlowN/A

Price / Cash FlowN/A

Book Value$3.14 per share

Price / Book7.39

Profitability

EPS (Most Recent Fiscal Year)($0.63)

Net Income$-200,990,000.00

Net Margins-14.01%

Return on Equity-19.09%

Return on Assets-6.11%

Miscellaneous

Outstanding Shares272,811,000

Market Cap$6.33 billion

Next Earnings Date2/25/2021 (Estimated)

OptionableOptionable

$23.21

+0.34 (+1.49 %)

(As of 01/21/2021 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 been impacted by COVID-19 (Coronavirus)?

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PSTG stock has increased by 69.2% and is now trading at $23.21.
View which stocks have been most impacted by COVID-19.

Is Pure Storage a buy right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Pure Storage stock.
View analyst ratings for Pure Storage or view MarketBeat's top 5 stock picks.

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.

What is Larry J. Merlo's approval rating as Pure Storage's CEO?

6,978 employees have rated Pure Storage CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Pure Storage's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Pure Storage.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) posted its quarterly earnings data on Tuesday, November, 24th. The technology company reported $0.01 EPS for the quarter, topping the Zacks' consensus estimate of ($0.22) by $0.23. The technology company earned $410.62 million during the quarter, compared to analyst estimates of $407.26 million. Pure Storage had a negative net margin of 14.01% and a negative return on equity of 19.09%.
View Pure Storage's earnings history.

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

Pure Storage updated its third quarter 2021 After-Hours earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $410-410 million, compared to the consensus revenue estimate of $404.48 million.

What price target have analysts set for PSTG?

15 analysts have issued 1-year target prices for Pure Storage's shares. Their forecasts range from $17.00 to $27.00. On average, they anticipate Pure Storage's share price to reach $21.33 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
View analysts' price targets for Pure Storage or view Wall Street analyst' top-rated stocks.

Who are some of Pure Storage's key competitors?

Some companies that are related to Pure Storage include Western Digital (WDC), Seagate Technology (STX), NetApp (NTAP), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of PSTG's 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, Chairman & CEO (Age 62, Pay $883k)
Mr. John Colgrove, Founder, CTO & Director (Age 57, Pay $597.71k)
Mr. Kevan Krysler, Chief Financial Officer (Age 49, Pay $1.07M)
Mr. Paul S. Mountford, Chief Operating Officer (Age 61, Pay $379.98k)
Mr. David M. Hatfield, Vice Chair & Pres Emeritus (Age 51, Pay $647.22k)
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

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 shareholders include Scout Investments Inc. (0.54%), Diversified Trust Co (0.03%), TCI Wealth Advisors Inc. (0.01%), Thompson Investment Management Inc. (0.01%), Exchange Traded Concepts LLC (0.00%) and Sowell Financial Services LLC (0.00%). Company insiders that own Pure Storage stock include Scott Dietzen 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 Scout Investments Inc., TCI Wealth Advisors Inc., and Thompson Investment Management Inc..
View insider buying and selling activity for Pure Storage or view top insider-selling stocks.

Which institutional investors are buying Pure Storage stock?

PSTG stock was purchased by a variety of institutional investors in the last quarter, including Diversified Trust Co, Exchange Traded Concepts LLC, and Sowell Financial Services LLC.
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.

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 $6.33 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 1/22/2021 by MarketBeat.com Staff

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