S&P 500   3,958.53 (-0.13%)
DOW   33,679.56 (-0.30%)
QQQ   284.26 (+0.14%)
AAPL   143.98 (+0.93%)
MSFT   246.57 (-0.34%)
META   116.57 (+1.08%)
GOOGL   93.38 (-0.35%)
AMZN   89.48 (-0.96%)
TSLA   180.25 (+3.93%)
NVDA   172.58 (+0.52%)
NIO   12.82 (-4.40%)
BABA   92.29 (-2.00%)
AMD   69.44 (-1.46%)
T   19.17 (+0.26%)
MU   55.48 (+0.51%)
CGC   2.92 (-5.50%)
F   13.21 (+0.69%)
GE   82.17 (-1.75%)
DIS   94.01 (+1.58%)
AMC   5.87 (-3.29%)
PYPL   74.16 (-0.08%)
PFE   51.88 (+0.19%)
NFLX   324.29 (+4.52%)
S&P 500   3,958.53 (-0.13%)
DOW   33,679.56 (-0.30%)
QQQ   284.26 (+0.14%)
AAPL   143.98 (+0.93%)
MSFT   246.57 (-0.34%)
META   116.57 (+1.08%)
GOOGL   93.38 (-0.35%)
AMZN   89.48 (-0.96%)
TSLA   180.25 (+3.93%)
NVDA   172.58 (+0.52%)
NIO   12.82 (-4.40%)
BABA   92.29 (-2.00%)
AMD   69.44 (-1.46%)
T   19.17 (+0.26%)
MU   55.48 (+0.51%)
CGC   2.92 (-5.50%)
F   13.21 (+0.69%)
GE   82.17 (-1.75%)
DIS   94.01 (+1.58%)
AMC   5.87 (-3.29%)
PYPL   74.16 (-0.08%)
PFE   51.88 (+0.19%)
NFLX   324.29 (+4.52%)
S&P 500   3,958.53 (-0.13%)
DOW   33,679.56 (-0.30%)
QQQ   284.26 (+0.14%)
AAPL   143.98 (+0.93%)
MSFT   246.57 (-0.34%)
META   116.57 (+1.08%)
GOOGL   93.38 (-0.35%)
AMZN   89.48 (-0.96%)
TSLA   180.25 (+3.93%)
NVDA   172.58 (+0.52%)
NIO   12.82 (-4.40%)
BABA   92.29 (-2.00%)
AMD   69.44 (-1.46%)
T   19.17 (+0.26%)
MU   55.48 (+0.51%)
CGC   2.92 (-5.50%)
F   13.21 (+0.69%)
GE   82.17 (-1.75%)
DIS   94.01 (+1.58%)
AMC   5.87 (-3.29%)
PYPL   74.16 (-0.08%)
PFE   51.88 (+0.19%)
NFLX   324.29 (+4.52%)
S&P 500   3,958.53 (-0.13%)
DOW   33,679.56 (-0.30%)
QQQ   284.26 (+0.14%)
AAPL   143.98 (+0.93%)
MSFT   246.57 (-0.34%)
META   116.57 (+1.08%)
GOOGL   93.38 (-0.35%)
AMZN   89.48 (-0.96%)
TSLA   180.25 (+3.93%)
NVDA   172.58 (+0.52%)
NIO   12.82 (-4.40%)
BABA   92.29 (-2.00%)
AMD   69.44 (-1.46%)
T   19.17 (+0.26%)
MU   55.48 (+0.51%)
CGC   2.92 (-5.50%)
F   13.21 (+0.69%)
GE   82.17 (-1.75%)
DIS   94.01 (+1.58%)
AMC   5.87 (-3.29%)
PYPL   74.16 (-0.08%)
PFE   51.88 (+0.19%)
NFLX   324.29 (+4.52%)
NYSE:PSTG

Pure Storage - PSTG Stock Forecast, Price & News

$29.34
+0.20 (+0.69%)
(As of 12/9/2022 02:04 PM ET)
Add
Compare
Today's Range
$28.96
$29.55
50-Day Range
$26.30
$31.70
52-Week Range
$21.90
$36.71
Volume
49,698 shs
Average Volume
4.21 million shs
Market Capitalization
$8.77 billion
P/E Ratio
733.68
Dividend Yield
N/A
Price Target
$38.94

Pure Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
32.1% Upside
$38.94 Price Target
Short Interest
Bearish
8.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.32mentions of Pure Storage in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$381,385 Sold Last Quarter
Proj. Earnings Growth
-5.00%
From $0.20 to $0.19 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Computer And Technology Sector

378th out of 621 stocks

Computer Storage Devices Industry

5th out of 5 stocks

PSTG stock logo

About Pure Storage (NYSE:PSTG) Stock

Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data-protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription, Pure as-a-Service, and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force 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 incorporated in 2009 and is headquartered in Mountain View, California.

Receive PSTG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Pure Storage and its competitors with MarketBeat's FREE daily newsletter.

PSTG Stock News Headlines

MarketBeat: Week in Review 12/05 – 12/09 (PSTG)
The markets continue to have a lot to digest before there can be a Santa Claus raly. Here are some of the top stories our analysts were covering this week.
Pure Storage is a Steady Eddie Growing Storage Play
Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has been buoyant this year throughout the semiconductor bust cycle.
Pure Storage (NYSE:PSTG) Lifted to Buy at StockNews.com
Pure Storage (NYSE:PSTG) PT Raised to $44.00
Pure Storage (NYSE:PSTG) Shares Gap Up on Analyst Upgrade
Pure Storage (NYSE:PSTG) Upgraded to B by TheStreet
This Is What Whales Are Betting On Pure Storage
Pure Storage Third-Quarter Results Beat Estimates
Earnings Preview For Pure Storage
When Should You Buy Pure Storage, Inc. (NYSE:PSTG)?
Analyst Ratings for Pure Storage
See More Headlines
Receive PSTG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Pure Storage and its competitors with MarketBeat's FREE daily newsletter.

PSTG Company Calendar

Last Earnings
11/23/2021
Today
12/09/2022
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
4,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$38.94
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+32.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$-143,260,000.00
Pretax Margin
-0.08%

Debt

Sales & Book Value

Annual Sales
$2.18 billion
Cash Flow
$0.33 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
278,592,000
Market Cap
$8.77 billion
Optionable
Optionable
Beta
1.27

Key Executives

  • Mr. Charles H. Giancarlo (Age 64)
    Chairman & CEO
    Comp: $2.06M
  • Mr. John Colgrove (Age 59)
    Founder, Chief Visionary Officer & Director
    Comp: $1.33M
  • Mr. Kevan  KryslerMr. Kevan Krysler (Age 51)
    Chief Financial Officer
    Comp: $1.22M
  • Mr. Ajay  SinghMr. Ajay Singh (Age 64)
    Chief Product Officer
    Comp: $1.41M
  • Mr. John M. Hayes
    Founder & Advisor
  • Mr. Michael T. Fitzgerald
    VP of Operations
  • Ms. Mona Chu (Age 49)
    VP & Chief Accounting Officer
  • Mr. Robert Lee
    VP & CTO
  • Mr. Sanjot Khurana
    VP of Investor Relations & Treasurer
  • Ms. Niki Armstrong J.D.
    Chief Legal Officer & Corp. Sec.













PSTG Stock - Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSTG shares.
View PSTG analyst ratings
or view top-rated stocks.

What is Pure Storage's stock price forecast for 2023?

18 equities research analysts have issued 12 month price objectives for Pure Storage's stock. Their PSTG share price forecasts range from $27.00 to $47.00. On average, they expect the company's stock price to reach $38.94 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price.
View analysts price targets for PSTG
or view top-rated stocks among Wall Street analysts.

How have PSTG shares performed in 2022?

Pure Storage's stock was trading at $32.55 at the start of the year. Since then, PSTG stock has decreased by 10.5% and is now trading at $29.14.
View the best growth stocks for 2022 here
.

When is Pure Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our PSTG earnings forecast
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) posted its quarterly earnings data on Tuesday, November, 23rd. The technology company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.10. The technology company had revenue of $562.74 million for the quarter, compared to analyst estimates of $530.66 million. Pure Storage had a net margin of 0.51% and a trailing twelve-month return on equity of 13.52%. The firm's revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) EPS.

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

Pure Storage issued an update on its fourth quarter 2023 earnings guidance on Wednesday, November, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $810.00 million-$810.00 million, compared to the consensus revenue estimate of $813.32 million.

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

117 employees have rated Pure Storage Chief Executive Officer Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among the company's employees.

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), Block (SQ), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and Marvell Technology (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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.20%), First Trust Advisors LP (1.75%), Disciplined Growth Investors Inc. MN (1.71%), Two Sigma Advisers LP (1.46%), Marshall Wace LLP (0.97%) and Blair William & Co. IL (0.95%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Gregory Tomb, P Kevan Krysler and Scott Dietzen.
View institutional ownership trends
.

How do I buy shares of Pure Storage?

Shares of PSTG stock 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 $29.14.

How much money does Pure Storage make?

Pure Storage (NYSE:PSTG) has a market capitalization of $8.71 billion and generates $2.18 billion in revenue each year. The technology company earns $-143,260,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

How many employees does Pure Storage have?

The company employs 4,200 workers across the globe.

How can I contact Pure Storage?

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The official website for the company is www.purestorage.com. The technology company can be reached via phone at (800) 379-7873, via email at ir@purestorage.com, or via fax at 650-625-9667.

This page (NYSE:PSTG) was last updated on 12/9/2022 by MarketBeat.com Staff