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Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
AI Stock Caught Trading Under Secret Name (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
AI Stock Caught Trading Under Secret Name (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
AI Stock Caught Trading Under Secret Name (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

Pure Storage (PSTG) Competitors

$41.19
+1.96 (+5.00%)
(As of 02/22/2024 ET)

PSTG vs. NTAP, WDC, JKHY, U, NTNX, OKTA, LOGI, JNPR, FLEX, and NICE

Should you be buying Pure Storage stock or one of its competitors? The main competitors of Pure Storage include NetApp (NTAP), Western Digital (WDC), Jack Henry & Associates (JKHY), Unity Software (U), Nutanix (NTNX), Okta (OKTA), Logitech International (LOGI), Juniper Networks (JNPR), Flex (FLEX), and NICE (NICE). These companies are all part of the "computer and technology" sector.

Pure Storage vs.

NetApp (NASDAQ:NTAP) and Pure Storage (NYSE:PSTG) are both large-cap computer and technology companies, but which is the better investment? We will compare the two companies based on the strength of their community ranking, dividends, profitability, media sentiment, institutional ownership, risk, analyst recommendations, earnings and valuation.

In the previous week, Pure Storage had 6 more articles in the media than NetApp. MarketBeat recorded 18 mentions for Pure Storage and 12 mentions for NetApp. Pure Storage's average media sentiment score of 0.80 beat NetApp's score of 0.38 indicating that NetApp is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
NetApp
7 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Pure Storage
5 Very Positive mention(s)
0 Positive mention(s)
11 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

90.3% of NetApp shares are owned by institutional investors. Comparatively, 83.0% of Pure Storage shares are owned by institutional investors. 0.4% of NetApp shares are owned by company insiders. Comparatively, 6.5% of Pure Storage shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

NetApp has a net margin of 11.34% compared to NetApp's net margin of 2.47%. Pure Storage's return on equity of 94.77% beat NetApp's return on equity.

Company Net Margins Return on Equity Return on Assets
NetApp11.34% 94.77% 9.77%
Pure Storage 2.47%13.10%4.02%

NetApp currently has a consensus price target of $84.50, indicating a potential downside of 1.78%. Pure Storage has a consensus price target of $42.38, indicating a potential upside of 2.88%. Given NetApp's stronger consensus rating and higher probable upside, analysts plainly believe Pure Storage is more favorable than NetApp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NetApp
2 Sell rating(s)
11 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.12
Pure Storage
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87

NetApp has a beta of 1.28, meaning that its share price is 28% more volatile than the S&P 500. Comparatively, Pure Storage has a beta of 1.11, meaning that its share price is 11% more volatile than the S&P 500.

NetApp received 408 more outperform votes than Pure Storage when rated by MarketBeat users. However, 71.21% of users gave Pure Storage an outperform vote while only 53.98% of users gave NetApp an outperform vote.

CompanyUnderperformOutperform
NetAppOutperform Votes
1118
53.98%
Underperform Votes
953
46.02%
Pure StorageOutperform Votes
710
71.21%
Underperform Votes
287
28.79%

NetApp has higher revenue and earnings than Pure Storage. NetApp is trading at a lower price-to-earnings ratio than Pure Storage, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NetApp$6.10B2.91$1.27B$3.2226.72
Pure Storage$2.75B4.73$73.07M$0.19216.80

Summary

NetApp beats Pure Storage on 10 of the 19 factors compared between the two stocks.


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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding PSTG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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PSTG vs. The Competition

MetricPure StorageComputer storage devices IndustryComputer SectorNYSE Exchange
Market Cap$13.01B$13.47B$19.39B$17.39B
Dividend YieldN/A2.78%2.77%3.57%
P/E Ratio216.80121.76261.1924.59
Price / Sales4.732.34529.315.70
Price / Cash58.6938.2931.6517.89
Price / Book12.7910.167.546.35
Net Income$73.07M-$185.17M$594.88M$869.26M
7 Day Performance-5.14%-4.18%-1.45%-1.00%
1 Month Performance0.05%4.00%2.79%1.82%
1 Year Performance41.64%15.96%12.89%76.54%

Pure Storage Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NTAP
NetApp
4.5707 of 5 stars
$85.46
-0.3%
$84.50
-1.1%
+30.7%$17.61B$6.36B26.5412,000Upcoming Earnings
News Coverage
WDC
Western Digital
3.174 of 5 stars
$54.13
+0.2%
$59.29
+9.5%
+40.8%$17.64B$12.32B-7.5953,000Analyst Downgrade
Gap Up
JKHY
Jack Henry & Associates
4.8099 of 5 stars
$173.10
+0.4%
$170.92
-1.3%
+4.5%$12.61B$2.08B33.877,120Positive News
U
Unity Software
3.4183 of 5 stars
$32.01
-5.6%
$38.88
+21.4%
-18.0%$12.16B$1.39B-13.807,703Upcoming Earnings
Gap Up
NTNX
Nutanix
3.8205 of 5 stars
$56.18
-3.7%
$54.00
-3.9%
+108.1%$13.63B$1.86B-71.116,450Upcoming Earnings
Gap Up
OKTA
Okta
3.7439 of 5 stars
$83.66
-5.9%
$88.58
+5.9%
+13.4%$13.83B$1.86B-29.255,913Upcoming Earnings
Insider Selling
Gap Down
LOGI
Logitech International
2.6268 of 5 stars
$87.79
+2.2%
$86.83
-1.1%
+64.1%$13.88B$4.54B28.692,400Gap Up
JNPR
Juniper Networks
4.7347 of 5 stars
$36.90
-0.1%
$34.58
-6.3%
+18.8%$11.88B$5.56B38.843,374Analyst Report
Insider Selling
Analyst Revision
FLEX
Flex
2.0746 of 5 stars
$27.73
-1.7%
$31.75
+14.5%
+20.5%$11.68B$30.35B16.51172,000Insider Selling
Gap Up
NICE
NICE
2.1301 of 5 stars
$228.41
+1.7%
$256.30
+12.2%
+13.9%$14.29B$2.32B46.427,926Earnings Report
Analyst Report
Options Volume
Gap Up
High Trading Volume

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This page (NYSE:PSTG) was last updated on 2/23/2024 by MarketBeat.com Staff