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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
The gold catalyst we’ve waited for (Ad)
Germany, EU reach agreement in combustion engine row
Judge rules online archive's book service violated copyright
The gold catalyst we’ve waited for (Ad)
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
"Prepare for Five Years of Famine" (Ad)
Finnish leadership condemns attack on veteran lawmaker
Venezuela: 21 officials, businessmen arrested in oil scheme
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
The gold catalyst we’ve waited for (Ad)
Germany, EU reach agreement in combustion engine row
Judge rules online archive's book service violated copyright
The gold catalyst we’ve waited for (Ad)
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
"Prepare for Five Years of Famine" (Ad)
Finnish leadership condemns attack on veteran lawmaker
Venezuela: 21 officials, businessmen arrested in oil scheme
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
The gold catalyst we’ve waited for (Ad)
Germany, EU reach agreement in combustion engine row
Judge rules online archive's book service violated copyright
The gold catalyst we’ve waited for (Ad)
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
"Prepare for Five Years of Famine" (Ad)
Finnish leadership condemns attack on veteran lawmaker
Venezuela: 21 officials, businessmen arrested in oil scheme
NYSE:PSTG

Pure Storage - PSTG Stock Forecast, Price & News

$23.77
-0.35 (-1.45%)
(As of 03/24/2023 12:00 AM ET)
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Compare
Today's Range
$23.53
$24.14
50-Day Range
$23.09
$31.96
52-Week Range
$21.90
$36.71
Volume
3.32 million shs
Average Volume
7.53 million shs
Market Capitalization
$7.19 billion
P/E Ratio
113.19
Dividend Yield
N/A
Price Target
$36.68

Pure Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
54.3% Upside
$36.68 Price Target
Short Interest
Bearish
10.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.90mentions of Pure Storage in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.73 M Sold Last Quarter
Proj. Earnings Growth
126.32%
From $0.19 to $0.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

Computer And Technology Sector

42nd out of 612 stocks

Computer Storage Devices Industry

2nd out of 5 stocks


PSTG stock logo

About Pure Storage (NYSE:PSTG) Stock

Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.

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PSTG Stock News Headlines

Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Pure Storage (PSTG) Beats Q4 Earnings Estimates
Pure Storage Stock Earns Relative Strength Rating Upgrade
See More Headlines
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PSTG Company Calendar

Last Earnings
3/01/2023
Today
3/25/2023
Next Earnings (Estimated)
6/07/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
4,200
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$36.68
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+54.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$73.07 million
Pretax Margin
1.14%

Debt

Sales & Book Value

Annual Sales
$2.75 billion
Cash Flow
$0.31 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
282,010,000
Market Cap
$7.19 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Charles H. Giancarlo
    Chairman & Chief Executive Officer
  • Michael Fitzgerald
    Vice President-Operations
  • Kevan KryslerKevan Krysler
    Chief Financial Officer
  • Robert Lee
    Chief Technology Officer
  • King Yuet Chu
    Chief Accounting Officer & Vice President













PSTG Stock - Frequently Asked Questions

Should I buy or sell Pure Storage stock 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, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSTG shares.
View PSTG analyst ratings
or view top-rated stocks.

What is Pure Storage's stock price forecast for 2023?

15 Wall Street research analysts have issued twelve-month price objectives for Pure Storage's stock. Their PSTG share price forecasts range from $27.00 to $47.00. On average, they anticipate the company's stock price to reach $36.68 in the next year. This suggests a possible upside of 54.3% from the stock's current price.
View analysts price targets for PSTG
or view top-rated stocks among Wall Street analysts.

How have PSTG shares performed in 2023?

Pure Storage's stock was trading at $26.76 at the beginning of the year. Since then, PSTG stock has decreased by 11.2% and is now trading at $23.77.
View the best growth stocks for 2023 here
.

Are investors shorting Pure Storage?

Pure Storage saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 25,820,000 shares, an increase of 24.1% from the January 31st total of 20,800,000 shares. Based on an average daily volume of 4,400,000 shares, the short-interest ratio is presently 5.9 days. Currently, 9.1% of the company's stock are sold short.
View Pure Storage's Short Interest
.

When is Pure Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our PSTG earnings forecast
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) released its quarterly earnings results on Wednesday, March, 1st. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.17. The technology company had revenue of $810.21 million for the quarter, compared to the consensus estimate of $811.30 million. Pure Storage had a trailing twelve-month return on equity of 17.48% and a net margin of 2.65%.

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

Pure Storage issued an update on its first quarter 2024 earnings guidance on Thursday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $560.00 million-$560.00 million, compared to the consensus revenue estimate of $679.85 million.

What is Charles Giancarlo's approval rating as Pure Storage's CEO?

117 employees have rated Pure Storage Chief Executive Officer Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among the company's employees.

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

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 a number of retail and institutional investors. Top institutional investors include William Blair Investment Management LLC (1.56%), First Trust Advisors LP (1.51%), Two Sigma Advisers LP (1.31%), Atreides Management LP (1.25%), Geode Capital Management LLC (1.24%) and Norges Bank (1.11%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Dan Fitzsimons, Gregory Tomb, P Kevan Krysler and Scott Dietzen.
View institutional ownership trends
.

How do I buy shares of Pure Storage?

Shares of PSTG stock 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.
Compare Top Brokerages Here.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $23.77.

How much money does Pure Storage make?

Pure Storage (NYSE:PSTG) has a market capitalization of $7.19 billion and generates $2.75 billion in revenue each year. The technology company earns $73.07 million in net income (profit) each year or $0.21 on an earnings per share basis.

How many employees does Pure Storage have?

The company employs 4,200 workers across the globe.

Does Pure Storage have any subsidiaries?
The following companies are subsidiares of Pure Storage: Compuverde, Portworx, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, Pure Storage Belgium BVBA, Pure Storage Bilgi Teknolojileri Limited Şirketi, Pure Storage Canada Limited, Pure Storage Czech Republic s.r.o., Pure Storage France SARL, Pure Storage Germany GmbH, Pure Storage HK Ltd, Pure Storage Holdings Inc., Pure Storage India Private Limited, Pure Storage International Inc., Pure Storage International Limited, Pure Storage Italy SRL, Pure Storage Japan KK, Pure Storage Korea Co Ltd, Pure Storage LLC, Pure Storage Ltd (UK), Pure Storage Malaysia SDN BHD, Pure Storage Mexico S. de R.L. de C.V., Pure Storage Netherlands BV, Pure Storage New Zealand Limited, Pure Storage Poland sp. z o.o., Pure Storage Singapore Pte Ltd, Pure Storage South Africa (Pty) Ltd, Pure Storage Spain SLU, Pure Storage Sweden AB, Pure Storage Switzerland GmbH, Pure Storage do Brasil Solucoes e Servicos de Armazenamento de Dados Ltda, and StorReduce.
Read More
How can I contact Pure Storage?

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The official website for the company is www.purestorage.com. The technology company can be reached via phone at (800) 379-7873, via email at ir@purestorage.com, or via fax at 650-625-9667.

This page (NYSE:PSTG) was last updated on 3/26/2023 by MarketBeat.com Staff