NYSE:PSTG - Pure Storage Stock Price, Forecast & News

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

Pure Storage Inc (NYSE:PSTG) issued its quarterly earnings data on Thursday, November, 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.27. The technology company had revenue of $428.40 million for the quarter, compared to analyst estimates of $440.39 million. Pure Storage had a negative net margin of 14.11% and a negative return on equity of 24.66%. Pure Storage's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. View Pure Storage's Earnings History.

Pure Storage is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Pure Storage.

Pure Storage will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Pure Storage issued an update on its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$484-496 million, compared to the consensus revenue estimate of $$511.77 million.

19 equities research analysts have issued twelve-month price targets for Pure Storage's stock. Their forecasts range from $14.00 to $25.00. On average, they expect Pure Storage's share price to reach $20.67 in the next year. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for Pure Storage.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pure Storage.

News coverage about PSTG stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pure Storage earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near term. View News Stories for Pure Storage.

Pure Storage saw a drop in short interest in January. As of January 15th, there was short interest totalling 17,600,000 shares, a drop of 7.9% from the December 31st total of 19,100,000 shares. Based on an average daily volume of 3,550,000 shares, the short-interest ratio is presently 5.0 days. Approximately 7.8% of the company's stock are sold short. View Pure Storage's Current Options Chain.

Some companies that are related to Pure Storage include Altice USA (ATUS), Paycom Software (PAYC), Mettler-Toledo International (MTD), TELIA Co A B/ADR (TLSNY), Check Point Software Technologies (CHKP), Atlassian (TEAM), Arista Networks (ANET), ZTE CORP/ADR (ZTCOY), Open Text (OTEX), Twilio (TWLO), Marvell Technology Group (MRVL), Okta (OKTA), Akamai Technologies (AKAM), Wirecard (WDI) and Maxim Integrated Products (MXIM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pure Storage investors own include Nutanix (NTNX), Cisco Systems (CSCO), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Square (SQ), AT&T (T), Advanced Micro Devices (AMD) and US Concrete (USCR).

Pure Storage's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Champlain Investment Partners LLC (6.38%), William Blair Investment Management LLC (5.97%), Marshall Wace North America L.P. (1.96%), First Trust Advisors LP (1.40%), Renaissance Technologies LLC (1.31%) and Goldman Sachs Group Inc. (1.27%). Company insiders that own Pure Storage stock include Charles H Giancarlo, David Hatfield, John Colgrove, Michael L Speiser, Scott Dietzen and Timothy Riitters. View Institutional Ownership Trends for Pure Storage.

PSTG stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Marshall Wace North America L.P., Franklin Resources Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Blair William & Co. IL, Marshall Wace LLP and Dynamic Technology Lab Private Ltd. Company insiders that have sold Pure Storage company stock in the last year include Scott Dietzen and Timothy Riitters. View Insider Buying and Selling for Pure Storage.

PSTG stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Scout Investments Inc., Champlain Investment Partners LLC, First Trust Advisors LP, Strs Ohio, Alyeska Investment Group L.P. and Assenagon Asset Management S.A.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of PSTG stock can currently be purchased for approximately $17.88.

Pure Storage has a market capitalization of $4.66 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.View Additional Information About Pure Storage.

The official website for Pure Storage is http://www.purestorage.com/.

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]