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Pure Storage (PSTG) Competitors

$58.28
+0.86 (+1.50%)
(As of 07/26/2024 ET)

PSTG vs. NTAP, WDC, STX, QMCO, APH, CDNS, MSI, NXPI, CRWD, and PYPL

Should you be buying Pure Storage stock or one of its competitors? The main competitors of Pure Storage include NetApp (NTAP), Western Digital (WDC), Seagate Technology (STX), Quantum (QMCO), Amphenol (APH), Cadence Design Systems (CDNS), Motorola Solutions (MSI), NXP Semiconductors (NXPI), CrowdStrike (CRWD), and PayPal (PYPL).

Pure Storage vs.

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

NetApp has a net margin of 15.73% compared to NetApp's net margin of 3.19%. Pure Storage's return on equity of 114.54% beat NetApp's return on equity.

Company Net Margins Return on Equity Return on Assets
NetApp15.73% 114.54% 11.52%
Pure Storage 3.19%15.34%5.32%

In the previous week, Pure Storage had 2 more articles in the media than NetApp. MarketBeat recorded 10 mentions for Pure Storage and 8 mentions for NetApp. Pure Storage's average media sentiment score of 1.47 beat NetApp's score of 0.80 indicating that NetApp is being referred to more favorably in the media.

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

NetApp received 391 more outperform votes than Pure Storage when rated by MarketBeat users. However, 71.22% of users gave Pure Storage an outperform vote while only 53.86% of users gave NetApp an outperform vote.

CompanyUnderperformOutperform
NetAppOutperform Votes
1131
53.86%
Underperform Votes
969
46.14%
Pure StorageOutperform Votes
740
71.22%
Underperform Votes
299
28.78%

NetApp has a beta of 1.27, meaning that its share price is 27% 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 presently has a consensus price target of $117.81, indicating a potential downside of 6.61%. Pure Storage has a consensus price target of $69.11, indicating a potential upside of 18.57%. 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
1 Sell rating(s)
11 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.24
Pure Storage
1 Sell rating(s)
6 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.60

92.2% of NetApp shares are held by institutional investors. Comparatively, 83.4% of Pure Storage shares are held by institutional investors. 0.4% of NetApp shares are held by company insiders. Comparatively, 6.0% of Pure Storage shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

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$6.27B4.14$986M$4.6427.19
Pure Storage$2.83B6.70$61.31M$0.28208.14

Summary

NetApp beats Pure Storage on 10 of the 18 factors compared between the two stocks.

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$18.95B$17.80B$22.19B$18.49B
Dividend YieldN/A2.11%2.70%3.51%
P/E Ratio208.14117.67271.0325.43
Price / Sales6.703.22609.8215.35
Price / Cash67.8647.8531.7119.61
Price / Book13.9412.876.895.08
Net Income$61.31M-$245.80M$637.08M$977.27M
7 Day Performance-1.39%0.57%0.69%1.57%
1 Month Performance-10.63%-6.63%3.58%5.69%
1 Year Performance53.31%36.72%12.57%9.05%

Pure Storage Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NTAP
NetApp
4.4698 of 5 stars
4.47 / 5 stars
$125.70
-2.7%
$117.81
-6.3%
+60.9%$25.87B$6.27B27.0911,800Positive News
WDC
Western Digital
4.2363 of 5 stars
4.24 / 5 stars
$72.01
-1.3%
$82.96
+15.2%
+75.6%$23.82B$12.32B-14.4953,000Upcoming Earnings
Analyst Revision
News Coverage
STX
Seagate Technology
4.1722 of 5 stars
4.17 / 5 stars
$109.53
+4.0%
$115.94
+5.9%
+78.9%$23.00B$7.38B-84.9133,400Earnings Report
Dividend Announcement
Analyst Forecast
Insider Selling
Analyst Revision
News Coverage
High Trading Volume
QMCO
Quantum
2.3815 of 5 stars
2.38 / 5 stars
$0.42
-4.6%
$1.15
+174.5%
-63.0%$40.16M$311.60M-1.02850News Coverage
Positive News
Gap Up
APH
Amphenol
4.833 of 5 stars
4.83 / 5 stars
$61.99
-6.4%
$64.62
+4.2%
+44.2%$74.46B$12.55B37.9195,000Earnings Report
Dividend Cut
Analyst Forecast
Options Volume
Analyst Revision
News Coverage
Gap Up
High Trading Volume
CDNS
Cadence Design Systems
4.977 of 5 stars
4.98 / 5 stars
$266.34
-5.9%
$334.56
+25.6%
+10.6%$72.56B$4.09B69.3611,200Earnings Report
Analyst Forecast
Short Interest ↓
Analyst Revision
MSI
Motorola Solutions
4.7855 of 5 stars
4.79 / 5 stars
$390.48
-1.5%
$374.57
-4.1%
+33.3%$65.13B$9.98B48.2721,000Upcoming Earnings
News Coverage
Positive News
NXPI
NXP Semiconductors
4.7602 of 5 stars
4.76 / 5 stars
$254.40
-3.0%
$283.46
+11.4%
+16.1%$65.04B$13.28B23.4934,200Earnings Report
Analyst Forecast
Short Interest ↑
Analyst Revision
News Coverage
CRWD
CrowdStrike
4.9114 of 5 stars
4.91 / 5 stars
$258.14
-4.0%
$364.95
+41.4%
+65.7%$62.82B$3.28B487.077,925Analyst Forecast
Short Interest ↓
Analyst Revision
News Coverage
Gap Up
High Trading Volume
PYPL
PayPal
4.9683 of 5 stars
4.97 / 5 stars
$58.07
-2.7%
$73.63
+26.8%
-20.6%$60.74B$30.43B14.6327,200Upcoming Earnings

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This page (NYSE:PSTG) was last updated on 7/27/2024 by MarketBeat.com Staff

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