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
SymbolNYSE:PSTG
CUSIPN/A
Phone800-379-7873
Debt
Debt-to-Equity Ratio0.68
Current Ratio4.34
Quick Ratio4.22
Price-To-Earnings
Trailing P/E Ratio-28.62
Forward P/E Ratio-32.05
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.02 billion
Price / Sales5.43
Cash FlowN/A
Price / CashN/A
Book Value$2.25 per share
Price / Book10.68
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 Shares230,880,000
Market Cap$5,587.42
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) released its earnings results on Monday, May, 21st. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.05. The technology company earned $255.90 million during the quarter, compared to analysts' expectations of $251.06 million. Pure Storage had a negative return on equity of 35.13% and a negative net margin of 16.38%. The firm's revenue was up 40.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. View Pure Storage's Earnings History.
When is Pure Storage's next earnings date?
What price target have analysts set for PSTG?
22 brokerages have issued 12 month target prices for Pure Storage's shares. Their predictions range from $13.50 to $30.00. On average, they expect Pure Storage's share price to reach $23.4474 in the next twelve months. This suggests that the stock has a possible downside of 2.5%. 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?
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?
News stories about PSTG stock have trended somewhat positive recently, according to Accern. Accern scores the sentiment of media 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 negative one to positive one, with scores nearest to one being the most favorable. Pure Storage earned a news impact score of 0.15 on Accern's scale. They also gave headlines about the technology company an impact score of 46.04 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact 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 major 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 major investors are buying Pure Storage stock?
PSTG stock was purchased 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 $24.04.
How big of a company is Pure Storage?
Pure Storage has a market capitalization of $5.59 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)
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.
