S&P 500   3,948.72 (+0.30%)
DOW   32,105.25 (+0.23%)
QQQ   309.75 (+1.19%)
AAPL   158.93 (+0.70%)
MSFT   277.66 (+1.97%)
META   204.28 (+2.24%)
GOOGL   105.60 (+2.16%)
AMZN   98.71 (+0.01%)
TSLA   192.22 (+0.56%)
NVDA   271.91 (+2.73%)
NIO   9.27 (+1.98%)
BABA   86.52 (+3.43%)
AMD   100.28 (+2.77%)
T   18.46 (+0.38%)
F   11.42 (-0.52%)
MU   61.34 (+5.45%)
CGC   1.91 (+1.60%)
GE   91.59 (+2.23%)
DIS   95.83 (+0.98%)
AMC   4.47 (+3.00%)
PFE   40.18 (+0.42%)
PYPL   72.56 (-2.39%)
NFLX   320.37 (+9.01%)
S&P 500   3,948.72 (+0.30%)
DOW   32,105.25 (+0.23%)
QQQ   309.75 (+1.19%)
AAPL   158.93 (+0.70%)
MSFT   277.66 (+1.97%)
META   204.28 (+2.24%)
GOOGL   105.60 (+2.16%)
AMZN   98.71 (+0.01%)
TSLA   192.22 (+0.56%)
NVDA   271.91 (+2.73%)
NIO   9.27 (+1.98%)
BABA   86.52 (+3.43%)
AMD   100.28 (+2.77%)
T   18.46 (+0.38%)
F   11.42 (-0.52%)
MU   61.34 (+5.45%)
CGC   1.91 (+1.60%)
GE   91.59 (+2.23%)
DIS   95.83 (+0.98%)
AMC   4.47 (+3.00%)
PFE   40.18 (+0.42%)
PYPL   72.56 (-2.39%)
NFLX   320.37 (+9.01%)
S&P 500   3,948.72 (+0.30%)
DOW   32,105.25 (+0.23%)
QQQ   309.75 (+1.19%)
AAPL   158.93 (+0.70%)
MSFT   277.66 (+1.97%)
META   204.28 (+2.24%)
GOOGL   105.60 (+2.16%)
AMZN   98.71 (+0.01%)
TSLA   192.22 (+0.56%)
NVDA   271.91 (+2.73%)
NIO   9.27 (+1.98%)
BABA   86.52 (+3.43%)
AMD   100.28 (+2.77%)
T   18.46 (+0.38%)
F   11.42 (-0.52%)
MU   61.34 (+5.45%)
CGC   1.91 (+1.60%)
GE   91.59 (+2.23%)
DIS   95.83 (+0.98%)
AMC   4.47 (+3.00%)
PFE   40.18 (+0.42%)
PYPL   72.56 (-2.39%)
NFLX   320.37 (+9.01%)
S&P 500   3,948.72 (+0.30%)
DOW   32,105.25 (+0.23%)
QQQ   309.75 (+1.19%)
AAPL   158.93 (+0.70%)
MSFT   277.66 (+1.97%)
META   204.28 (+2.24%)
GOOGL   105.60 (+2.16%)
AMZN   98.71 (+0.01%)
TSLA   192.22 (+0.56%)
NVDA   271.91 (+2.73%)
NIO   9.27 (+1.98%)
BABA   86.52 (+3.43%)
AMD   100.28 (+2.77%)
T   18.46 (+0.38%)
F   11.42 (-0.52%)
MU   61.34 (+5.45%)
CGC   1.91 (+1.60%)
GE   91.59 (+2.23%)
DIS   95.83 (+0.98%)
AMC   4.47 (+3.00%)
PFE   40.18 (+0.42%)
PYPL   72.56 (-2.39%)
NFLX   320.37 (+9.01%)
NYSE:PSTG

Pure Storage - PSTG Competitors

$24.12
-0.38 (-1.55%)
(As of 03/23/2023 04:00 PM ET)
Add
Compare
Today's Range
$24.03
$24.94
50-Day Range
$23.09
$31.96
52-Week Range
$21.90
$36.71
Volume
4.57 million shs
Average Volume
5.62 million shs
Market Capitalization
$7.30 billion
P/E Ratio
114.86
Dividend Yield
N/A
Price Target
$36.68

PSTG vs. WDC, NTAP, WCC, DBX, IRDM, CIEN, WOLF, ST, BILL, and NVT

Should you be buying Pure Storage stock or one of its competitors? The main competitors of Pure Storage include Western Digital (WDC), NetApp (NTAP), WESCO International (WCC), Dropbox (DBX), Iridium Communications (IRDM), Ciena (CIEN), Wolfspeed (WOLF), Sensata Technologies (ST), BILL (BILL), and nVent Electric (NVT). These companies are all part of the "computer and technology" sector.

Pure Storage vs.

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

Pure Storage has a net margin of 2.65% compared to Western Digital's net margin of -0.59%. Pure Storage's return on equity of 17.48% beat Western Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Western Digital -0.59% 5.78% 2.73%
Pure Storage 2.65% 17.48% 4.46%

Western Digital received 1307 more outperform votes than Pure Storage when rated by MarketBeat users. Likewise, 74.62% of users gave Western Digital an outperform vote while only 72.44% of users gave Pure Storage an outperform vote.

CompanyUnderperformOutperform
Western DigitalOutperform Votes
1993
74.62%
Underperform Votes
678
25.38%
Pure StorageOutperform Votes
686
72.44%
Underperform Votes
261
27.56%

Western Digital presently has a consensus target price of $50.19, suggesting a potential upside of 42.30%. Pure Storage has a consensus target price of $36.68, suggesting a potential upside of 52.09%. Given Pure Storage's stronger consensus rating and higher possible upside, analysts plainly believe Pure Storage is more favorable than Western Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Western Digital
2 Sell rating(s)
8 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.37
Pure Storage
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.87

85.5% of Western Digital shares are owned by institutional investors. Comparatively, 85.0% of Pure Storage shares are owned by institutional investors. 0.2% of Western Digital shares are owned by company insiders. Comparatively, 6.8% of Pure Storage shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Western Digital has a beta of 1.68, meaning that its share price is 68% more volatile than the S&P 500. Comparatively, Pure Storage has a beta of 1.26, meaning that its share price is 26% more volatile than the S&P 500.

Western Digital has higher revenue and earnings than Pure Storage. Western Digital 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
Western Digital$18.79 billion0.60$1.50 billion-$0.29-121.62
Pure Storage$2.75 billion2.65$73.07 million$0.21114.86

In the previous week, Pure Storage had 1 more articles in the media than Western Digital. MarketBeat recorded 8 mentions for Pure Storage and 7 mentions for Western Digital. Pure Storage's average media sentiment score of 0.77 beat Western Digital's score of 0.60 indicating that Pure Storage is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Western Digital
3 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Pure Storage
4 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Pure Storage beats Western Digital on 13 of the 19 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.
Skip Chart

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.
Skip Chart

PSTG vs. The Competition

MetricPure StorageComputer storage devices IndustryComputer SectorNYSE Exchange
Market Cap$7.30B$7.42B$13.37B$13.98B
Dividend YieldN/A3.85%4.25%3.90%
P/E Ratio114.8629.53335.9120.04
Price / Sales2.651.40977.7748.15
Price / Cash75.3924.1424.8224.51
Price / Book9.3535.758.416.76
Net Income$73.07M$825.36M$534.10M$870.60M
7 Day PerformanceN/A0.46%-0.08%-1.69%
1 Month Performance-18.10%-13.07%-4.84%-8.46%
1 Year Performance-30.15%-36.14%-12.54%-15.15%

Pure Storage Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WDC
Western Digital
2.5515 of 5 stars
$34.70
-2.2%
$50.19
+44.6%
-30.2%$11.08B$18.79B-119.6665,000
NTAP
NetApp
2.7778 of 5 stars
$61.55
-4.1%
$76.25
+23.9%
-29.7%$13.17B$6.32B10.5912,000
WCC
WESCO International
3.3424 of 5 stars
$144.11
-2.3%
$189.00
+31.1%
+9.9%$7.36B$21.42B9.3920,000News Coverage
DBX
Dropbox
2.6134 of 5 stars
$20.86
-1.4%
$26.43
+26.7%
-10.0%$7.46B$2.32B13.553,118
IRDM
Iridium Communications
1.5196 of 5 stars
$59.39
-2.5%
$63.75
+7.3%
+46.4%$7.48B$721.03M848.55537
CIEN
Ciena
3.1903 of 5 stars
$48.79
-2.6%
$64.00
+31.2%
-18.1%$7.28B$3.63B39.998,079
WOLF
Wolfspeed
0 of 5 stars
$61.19
-4.1%
N/AN/A$7.61B$873.90M-50.164,017
ST
Sensata Technologies
2.8503 of 5 stars
$46.86
-1.9%
$55.29
+18.0%
-11.1%$7.15B$4.03B23.3120,800
BILL
BILL
2.301 of 5 stars
$74.00
-5.6%
$155.29
+109.9%
-67.7%$7.87B$641.96M-22.222,269Analyst Report
NVT
nVent Electric
2.2827 of 5 stars
$41.64
-2.3%
$44.00
+5.7%
+18.3%$6.89B$2.91B17.5710,400Positive News
This page (NYSE:PSTG) was last updated on 3/23/2023 by MarketBeat.com Staff