Pure Storage Company Profile (NYSE:PSTG)

Pure Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSTG."

Pure Storage, Inc. (NYSE:PSTG) announced its earnings results on Wednesday, May, 24th. The company reported ($0.14) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.22) by $0.08. The firm had revenue of $182.60 million for the quarter, compared to analysts' expectations of $176.13 million. Pure Storage had a negative return on equity of 44.04% and a negative net margin of 31.62%. The firm's quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.22) earnings per share. View Pure Storage's Earnings History.

Pure Storage is scheduled to release their next quarterly earnings announcement on Thursday, August, 24th 2017. View Earnings Estimates for Pure Storage.

22 analysts have issued 12 month price objectives for Pure Storage's shares. Their predictions range from $11.50 to $20.00. On average, they expect Pure Storage's stock price to reach $15.43 in the next year. View Analyst Ratings for Pure Storage.

Here are some recent quotes from research analysts about Pure Storage stock:

• 1. BMO Capital Markets analysts commented, "We believe MX represents an investment opportunity as a differentiated display and foundry vendor benefitting from improving customer momentum. We hosted management meetings with investors and have increasing confidence in the company’s growth potential and opportunity to improve profitability . We believe recent restructuring efforts remain on track and can drive steadily improving profitability in the coming quarters." (6/14/2017)
• 2. Robert W. Baird analysts commented, "We attended Pure//Accelerate, the company’s annual user and partner conference, in San Francisco yesterday where Pure announced a swath of new software features for its growing storage platform. Management’s address to investors highlighted the company’s runway in a $35 billion+ TAM, and the potential for growth in Cloud, and Next-Gen Data applications." (6/14/2017)
• 3. Maxim Group analysts commented, "Above consensus results and July Q guidance likely driven by FlashArray outperformance. Flashblade ramp going roughly as expected, but risks still exist." (5/25/2017)
• 4. According to Zacks Investment Research, "Pure Storage, Inc. offers enterprise data storage platform. The company's storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. It operates primarily in the United States, Europe and Asia. The company serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California. " (3/7/2017)
• 5. Jefferies Group LLC analysts commented, "Q4 results were above the Street. However, consistent with our prior IT VAR survey results, Q4 guidance was disappointing. We believe this quarter's results potentially reflect the headwinds generated by the incumbency advantage of legacy vendors. We're looking for another entry point." (3/2/2017)

Some companies that are related to Pure Storage include CSRA (CSRA), National Instruments Corporation (NATI), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), Sabre Corporation (SABR), Match Group (MTCH), Siliconware Precision Industries Company (SPIL), Gemalto Nv (GTOMY), BlackBerry Limited (BBRY), Synnex Corporation (SNX), Avnet (AVT), GoDaddy (GDDY), Nuance Communications (NUAN), Nice Systems (NICE), Bruker Corporation (BRKR), PCCW (PCCWY), Cypress Semiconductor Corporation (CY) and MKS Instruments (MKSI).

Pure Storage's management team includes the folowing people:

• John Colgrove, Co-Chairman of the Board, Founder, Chief Technology Officer
• Mike Speiser, Co-Chairman of the Board
• David M. Hatfield, President
• Scott Dietzen, Chief Executive Officer, Director
• Timothy Riitters, Chief Financial Officer
• Aneel Bhusri, Director
• Mark S. Garrett, Director
• Anita M. Sands, Director
• Frank Slootman, Director
• Michelangelo A. Volpi, Director

Pure Storage's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.45%), Vanguard Group Inc. (7.51%), FMR LLC (6.77%), Franklin Resources Inc. (3.30%), Renaissance Technologies LLC (2.62%) and Glynn Capital Management LLC (2.37%). Company insiders that own Pure Storage stock include Aneel Bhusri, David Hatfield, Greylock Xiv Gp Llc, James N White, John Colgrove, Michelangelo Volpi, Scott Dietzen, Tiger Global Management Llc and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

Pure Storage's stock was sold by a variety of institutional investors in the last quarter, including Menta Capital LLC, GAM Holding AG, Bank of Montreal Can, Intellectus Partners LLC, Glynn Capital Management LLC, Aspiriant LLC, Pacad Investment Ltd. and Royal Bank of Canada. Company insiders that have sold Pure Storage stock in the last year include David Hatfield, John Colgrove, Michelangelo Volpi, Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

Pure Storage's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Renaissance Technologies LLC, UBS Oconnor LLC, AO Asset Management LLC, BlackRock Inc., Zweig DiMenna Associates LLC, FMR LLC and State Street Corp. Company insiders that have bought Pure Storage stock in the last two years include Aneel Bhusri, Greylock Xiv Gp Llc and James N White. View Insider Buying and Selling for Pure Storage.

Shares of Pure Storage can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Pure Storage stock can currently be purchased for approximately $12.49.