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) posted its quarterly earnings results on Thursday, November, 21st. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.27. The technology company earned $428.40 million during the quarter, compared to analysts' expectations of $440.39 million. Pure Storage had a negative return on equity of 24.66% and a negative net margin of 14.11%. The company's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last 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.

19 brokers have issued 12 month price targets for Pure Storage's shares. Their forecasts range from $14.00 to $25.00. On average, they anticipate Pure Storage's share price to reach $20.67 in the next year. This suggests a possible upside of 30.3% 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 somewhat positive on Thursday, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pure Storage earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Pure Storage.

Pure Storage saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 17,600,000 shares, a decrease 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. Currently, 7.8% of the shares of the stock are sold short. View Pure Storage's Current Options Chain.

Some companies that are related to Pure Storage include Atlassian (TEAM), Hewlett Packard Enterprise (HPE), Keysight Technologies (KEYS), Garmin (GRMN), Mettler-Toledo International (MTD), Paycom Software (PAYC), Altice USA (ATUS), Check Point Software Technologies (CHKP), TELIA Co A B/ADR (TLSNY), Open Text (OTEX), Liberty Sirius XM Group Series B (LSXMB), Arista Networks (ANET), Maxim Integrated Products (MXIM), Liberty Sirius XM Group Series A (LSXMA) and Twilio (TWLO).

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), Advanced Micro Devices (AMD), Intel (INTC), Square (SQ), AT&T (T) and US Concrete (USCR).

Pure Storage's stock is owned by a number 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 $15.86.

Pure Storage has a market capitalization of $4.13 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]