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NYSE:PSTG

Pure Storage Stock Forecast, Price & News

$22.86
-0.49 (-2.10 %)
(As of 01/15/2021 12:00 AM ET)
Add
Compare
Today's Range
$22.81
Now: $22.86▼
$23.60
50-Day Range
$18.13
MA: $22.03▼
$24.20
52-Week Range
$7.93
Now: $22.86▼
$24.63
Volume2.85 million shs
Average Volume4.34 million shs
Market Capitalization$6.24 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.43
Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. It delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. The company's cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution, which are integrated hardware and software appliances for file and object storage. It also provides subscription based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store for data migrations and storage. Pure Storage, Inc. has a strategic partnership with Cohesity, Inc. to market Pure FlashRecover, a solution to meet the business continuity requirements for data-driven organizations. 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.
Pure Storage logo

MarketRank™

Overall MarketRank™

1.54 out of 5 stars

Computer And Technology Sector

257th out of 1,211 stocks

Computer Storage Devices Industry

4th out of 5 stocks

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:PSTG
Previous Symbol
CUSIPN/A
CIK1474432
Webwww.purestorage.com
Phone800-379-7873
Employees3,850

Debt

Debt-to-Equity Ratio0.57
Current Ratio3.08
Quick Ratio3.01

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.64 billion
Price / Sales3.79
Cash FlowN/A
Price / Cash FlowN/A
Book Value$3.14 per share
Price / Book7.28

Profitability

EPS (Most Recent Fiscal Year)($0.63)
Net Income$-200,990,000.00
Net Margins-11.25%
Return on Equity-13.46%
Return on Assets-4.69%

Miscellaneous

Outstanding Shares272,811,000
Market Cap$6.24 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$22.86
-0.49 (-2.10 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pure Storage (NYSE:PSTG) Frequently Asked Questions

How has Pure Storage's stock been impacted by Coronavirus (COVID-19)?

Pure Storage's stock was trading at $13.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PSTG stock has increased by 66.6% and is now trading at $22.86.
View which stocks have been most impacted by COVID-19.

Is Pure Storage a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Pure Storage stock.
View analyst ratings for Pure Storage or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Pure Storage?

Wall Street analysts have given Pure Storage a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Pure Storage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Pure Storage's next earnings date?

Pure Storage is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Pure Storage.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) issued its earnings results on Tuesday, November, 24th. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.22) by $0.23. The technology company earned $410.62 million during the quarter, compared to analyst estimates of $407.26 million. Pure Storage had a negative return on equity of 13.46% and a negative net margin of 11.25%.
View Pure Storage's earnings history.

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

Pure Storage issued an update on its third quarter 2021 After-Hours earnings guidance on Wednesday, November, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $410-410 million, compared to the consensus revenue estimate of $404.48 million.

What price target have analysts set for PSTG?

15 Wall Street analysts have issued 12 month price targets for Pure Storage's shares. Their forecasts range from $17.00 to $27.00. On average, they expect Pure Storage's stock price to reach $21.33 in the next year. This suggests that the stock has a possible downside of 6.7%.
View analysts' price targets for Pure Storage or view Wall Street analyst' top-rated stocks.

Who are some of Pure Storage's key competitors?

Some companies that are related to Pure Storage include Western Digital (WDC), Seagate Technology (STX), NetApp (NTAP), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of PSTG's competitors.

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), Square (SQ), Cisco Systems (CSCO), The Boeing (BA), Intel (INTC) and Marvell Technology Group (MRVL).

Who are Pure Storage's key executives?

Pure Storage's management team includes the following people:
  • Mr. Charles H. Giancarlo, Chairman & CEO (Age 62, Pay $883k)
  • Mr. John Colgrove, Founder, CTO & Director (Age 57, Pay $597.71k)
  • Mr. Kevan Krysler, Chief Financial Officer (Age 49, Pay $1.07M)
  • Mr. Paul S. Mountford, Chief Operating Officer (Age 61, Pay $379.98k)
  • Mr. David M. Hatfield, Vice Chair & Pres Emeritus (Age 51, Pay $647.22k)
  • Mr. John Hayes, Founder & Advisor
  • Ms. Cathleen Southwick, Chief Information Officer
  • Mr. Matthew Daniel Danziger, Head of Investor Relations
  • Mr. Joseph T. FitzGerald, Chief Legal Officer & Corp. Sec.
  • Mr. Arthur P. Johnson, VP of Corp. Devel. & Strategic Planning

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 Scout Investments Inc. (0.54%), Diversified Trust Co (0.03%) and Sowell Financial Services LLC (0.00%). Company insiders that own Pure Storage stock include Scott Dietzen and Timothy Riitters.
View institutional ownership trends for Pure Storage.

Which major investors are selling Pure Storage stock?

PSTG stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc..
View insider buying and selling activity for Pure Storage or view top insider-selling stocks.

Which major investors are buying Pure Storage stock?

PSTG stock was purchased by a variety of institutional investors in the last quarter, including Diversified Trust Co, and Sowell Financial Services LLC.
View insider buying and selling activity for Pure Storage or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $22.86.

How big of a company is Pure Storage?

Pure Storage has a market capitalization of $6.24 billion and generates $1.64 billion in revenue each year. The technology company earns $-200,990,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Pure Storage employs 3,850 workers across the globe.

What is Pure Storage's official website?

The official website for Pure Storage is www.purestorage.com.

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]

This page was last updated on 1/15/2021 by MarketBeat.com Staff
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