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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:PSTG
Previous Symbol
CUSIPN/A
Phone800-379-7873
Debt
Debt-to-Equity Ratio0.63
Current Ratio3.64
Quick Ratio3.52
Price-To-Earnings
Trailing P/E Ratio-20.73
Forward P/E Ratio-30.02
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.02 billion
Price / Sales3.93
Cash FlowN/A
Price / Cash FlowN/A
Book Value$2.25 per share
Price / Book7.74
Profitability
EPS (Most Recent Fiscal Year)($0.84)
Net Income$-177,600,000.00
Net Margins-12.89%
Return on Equity-23.88%
Return on Assets-9.67%
Miscellaneous
Employees2,100
Outstanding Shares230,880,000
Market Cap$4.02 billion
OptionableOptionable
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, November, 19th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.13) by $0.03. The technology company had revenue of $372.80 million for the quarter, compared to analyst estimates of $367.37 million. Pure Storage had a negative return on equity of 23.88% and a negative net margin of 12.89%. The business's revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. View Pure Storage's Earnings History.
When is Pure Storage's next earnings date?
What guidance has Pure Storage issued on next quarter's earnings?
Pure Storage updated its fourth quarter earnings guidance on Monday, November, 19th. The company provided earnings per share guidance of $438-446 mln for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18. Pure Storage also updated its FY 2019 guidance to EPS.
What price target have analysts set for PSTG?
22 analysts have issued 12-month price targets for Pure Storage's stock. Their forecasts range from $21.00 to $34.00. On average, they anticipate Pure Storage's stock price to reach $26.80 in the next year. This suggests a possible upside of 53.9% from the stock's current price. View Analyst Price Targets 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 6 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pure Storage.
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 delivered stellar third-quarter results. Robust business fundamentals and strong go-to-market strategies drove top line growth. The company continues to gain from adoption of its strong 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. Pure Storage also raised fiscal 2019 revenue guidance. However, increasing competition from established storage players like HPE and NetApp is a major concern. Also, lack of big international customers is a headwind." (11/22/2018)
- 2. Maxim Group analysts commented, "Solid results relative to guidance due to strength with FlashBlade. In-line guidance, S&M spend appears to be on track for just 21% y/y growth in FY19, which is incrementally concerning from our perspective. Cloud data services needs to mature before becoming impactful, in our view. Reiterating Hold rating and reducing 12-month price target to $21, from $23." (11/20/2018)
Has Pure Storage been receiving favorable news coverage?
News headlines about PSTG stock have been trending positive on Monday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pure Storage earned a news impact score of 3.0 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the company's share price in the immediate future.
Who are some of Pure Storage's key competitors?
Some companies that are related to Pure Storage include YAHOO JAPAN COR/ADR (YAHOY), Shopify (SHOP), Legrand (LGRVF), Splunk (SPLK), Mettler-Toledo International (MTD), Maxim Integrated Products (MXIM), Citrix Systems (CTXS), Waters (WAT), KLA-Tencor (KLAC), SSE PLC/S (SSEZY), Symantec (SYMC), CDW (CDW), Weibo (WB), Liberty Sirius XM Group Series B (LSXMB) and CoStar Group (CSGP).
Who are Pure Storage's key executives?
Pure Storage's management team includes the folowing people:
- Mr. Charles H. Giancarlo, CEO & Chairman (Age 60)
- Mr. David M. Hatfield, Pres (Age 49)
- Mr. John Colgrove, Founder, CTO & Director (Age 55)
- Mr. John Hayes, Founder & Advisor
- Mr. Timothy Riitters, Chief Financial Officer (Age 45)
Who are Pure Storage's major shareholders?
Pure Storage's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (7.59%), BlackRock Inc. (7.11%), Vanguard Group Inc. (6.66%), William Blair Investment Management LLC (4.83%), Renaissance Technologies LLC (3.28%) and Alliancebernstein L.P. (2.15%). Company insiders that own Pure Storage stock include Charles H Giancarlo, 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 Alliancebernstein L.P., Renaissance Technologies LLC, Franklin Resources Inc., Monashee Investment Management LLC, Teachers Advisors LLC, Maple Rock Capital Partners Inc., Paloma Partners Management Co and TIAA CREF Investment Management LLC. Company insiders that have sold Pure Storage company stock in the last year include Charles H Giancarlo, David Hatfield, James N White, John Colgrove, Michael L Speiser, Scott Dietzen 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 William Blair Investment Management LLC, FMR LLC, Vanguard Group Inc., First Trust Advisors LP, BlackRock Inc., Morgan Stanley, JPMorgan Chase & Co. and Los Angeles Capital Management & Equity Research Inc.. 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 $17.41.
How big of a company is Pure Storage?
Pure Storage has a market capitalization of $4.02 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.
What is Pure Storage's official website?
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)
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.
