NYSE:PSTG - Pure Storage Stock Price, Price Target & More Sign in or create an account to add this stock to your watchlist. Get Started $24.18 -0.02 (-0.08 %) (As of 07/19/2018 04:00 PM ET)Previous Close$24.20Today's Range$24.08 - $24.4252-Week Range$11.99 - $25.62Volume1.17 million shsAverage Volume3.36 million shsMarket Capitalization$5.64 billionP/E Ratio-28.90Dividend YieldN/ABeta1.32 Company ProfileAnalyst RatingsEarnings HistoryInsider TradesHeadlinesOptions ChainSocial MediaChart Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive PSTG News and Ratings via Email Sign-up to receive the latest news and ratings for PSTG and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Computer storage devices Sub-IndustryN/A SectorComputer and Technology SymbolNYSE:PSTG CUSIPN/A Webwww.purestorage.com Phone800-379-7873 Debt Debt-to-Equity Ratio0.68 Current Ratio4.34 Quick Ratio4.22 Price-To-Earnings Trailing P/E Ratio-28.90 Forward P/E Ratio-32.24 P/E GrowthN/A Sales & Book Value Annual Sales$1.02 billion Price / Sales5.46 Cash FlowN/A Price / CashN/A Book Value$2.25 per share Price / Book10.75 Profitability EPS (Most Recent Fiscal Year)($0.84) Net Income$-177,600,000.00 Net Margins-16.38% Return on Equity-35.13% Return on Assets-15.85% Miscellaneous Employees2,100 Outstanding Shares230,880,000Market Cap$5,640.52 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) issued its earnings results on Monday, May, 21st. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. The technology company had revenue of $255.90 million for the quarter, compared to analyst estimates of $251.06 million. Pure Storage had a negative net margin of 16.38% and a negative return on equity of 35.13%. The business's revenue was up 40.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. View Pure Storage's Earnings History. When is Pure Storage's next earnings date? Pure Storage is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Pure Storage. What price target have analysts set for PSTG? 22 equities research analysts have issued 1 year target prices for Pure Storage's stock. Their forecasts range from $13.50 to $30.00. On average, they anticipate Pure Storage's stock price to reach $23.4474 in the next year. This suggests that the stock has a possible downside of 3.0%. View Analyst Ratings for Pure Storage. What is the consensus analysts' recommendation for Pure Storage? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. The company continues to gain from adoption of its robust 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. The stock has outperformed the industry in the past year. 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. Moreover, lack of big international customers is a headwind. Increasing expenses are likely to hurt margins in the near-term." (7/18/2018) 2. Maxim Group analysts commented, "Solid results but guidance implies deceleration beginning in the July 2018 quarter, likely due to tougher comparisons. Maintaining Hold rating as PSTG appears fairly valued, though slightly raising 12-month price target to $21, from $20." (3/2/2018) Who are some of Pure Storage's key competitors? Some companies that are related to Pure Storage include Western Digital (WDC), NetApp (NTAP), Seagate Technology (STX), Quantum (QTM) and US Gold (USAU). Who are Pure Storage's key executives? Pure Storage's management team includes the folowing people: Mr. David M. Hatfield, Pres (Age 50)Mr. John Colgrove, Founder, CTO & Director (Age 55)Mr. Timothy Riitters, Chief Financial Officer (Age 45)Mr. Charles H. Giancarlo, CEO & Director (Age 60)Mr. John Hayes, Founder & Advisor Has Pure Storage been receiving favorable news coverage? Media stories about PSTG stock have trended somewhat negative on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pure Storage earned a news sentiment score of -0.15 on Accern's scale. They also assigned media headlines about the technology company an impact score of 48.72 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. Who are Pure Storage's major shareholders? Pure Storage's stock is owned by a number of of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.31%), Retirement Systems of Alabama (0.09%), Amalgamated Bank (0.02%), Bangor Savings Bank (0.01%), Bank of Montreal Can (0.01%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Pure Storage stock include 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 Retirement Systems of Alabama and Bangor Savings Bank. Company insiders that have sold Pure Storage company stock in the last year include David Hatfield, James N White, John Colgrove, Michael L Speiser, Scott Dietzen, Stefan A Dyckerhoff 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 Scout Investments Inc., Amalgamated Bank, Bank of Montreal Can, State of Alaska Department of Revenue and Campbell & CO Investment Adviser 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 $24.18. How big of a company is Pure Storage? Pure Storage has a market capitalization of $5.64 billion and generates $1.02 billion in revenue each year. The technology company earns $-177,600,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis. Pure Storage employs 2,100 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 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)Community Ranking: 3.0 out of 5 ( )Outperform Votes: 432 (Vote Outperform)Underperform Votes: 291 (Vote Underperform)Total Votes: 723MarketBeat'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. This page was last updated on 7/19/2018 by MarketBeat.com StaffFeatured Article: What are CEFs?