Pure Storage, Inc. (PSTG)

NYSE: PSTG · Real-Time Price · USD
64.40
+2.06 (3.30%)
At close: Dec 20, 2024, 4:00 PM
64.85
+0.45 (0.70%)
After-hours: Dec 20, 2024, 7:58 PM EST
3.30%
Market Cap 21.01B
Revenue (ttm) 3.08B
Net Income (ttm) 129.74M
Shares Out 326.24M
EPS (ttm) 0.36
PE Ratio 176.61
Forward PE 39.31
Dividend n/a
Ex-Dividend Date n/a
Volume 3,350,804
Open 61.80
Previous Close 62.34
Day's Range 61.47 - 65.20
52-Week Range 34.32 - 70.41
Beta 1.13
Analysts Buy
Price Target 71.95 (+11.72%)
Earnings Date Dec 3, 2024

About PSTG

Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for... [Read more]

Sector Technology
IPO Date Oct 7, 2015
Employees 5,600
Stock Exchange NYSE
Ticker Symbol PSTG
Full Company Profile

Financial Performance

In 2023, Pure Storage's revenue was $2.83 billion, an increase of 2.80% compared to the previous year's $2.75 billion. Earnings were $61.31 million, a decrease of -16.09%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for PSTG stock is "Buy." The 12-month stock price forecast is $71.95, which is an increase of 11.72% from the latest price.

Price Target
$71.95
(11.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Flash Forward: Investing In Pure Storage After Its Strategic Hyperscaler Breakthrough

Pure Storage secured a significant design win with a top hyperscaler, marking a shift towards flash storage and away from traditional hard disk drives. The company's transition to a subscription-based...

6 days ago - Seeking Alpha

Pure Storage Stock Soars on Higher Subscription Revenue

Shares of Pure Storage (PSTG) soared more than 20% Wednesday, a day after the data storage provider beat profit and sales estimates and raised its guidance on higher subscription revenue.

16 days ago - Investopedia

Pure Storage: Design Wins Keep Us Bullish

Pure Storage, Inc. reported its 3QFY25 and, more importantly, a design win with one of the “top-four hyperscalers” reversing the market's negative outlook post-Q2. The design win, rumored to be Meta P...

16 days ago - Seeking Alpha

Why Pure Storage Stock Is Sailing Higher After Earnings

Pure Storage stock is surging after the data storage firm beat earnings expectations and announced a deal with a major technology company. Here's what you need to know.

16 days ago - Kiplinger

Pure Storage Q3: Sell This Spike (Rating Downgrade)

I'm downgrading Pure Storage, Inc. to a sell rating (from a previous buy) after the stock's post-Q3 earnings rally. Pure Storage has surged over 80% YTD, driven by strong AI tailwinds and robust Q3 ea...

16 days ago - Seeking Alpha

Pure Storage Earnings: Hyperscaler Deal Isn't Enough For 36x Forward FCF

Pure Storage's stock surged 20% post-earnings, but I remain neutral due to concerns about fiscal 2026 growth rates and a 36x forward free cash flow valuation. The company's innovative flash-based stor...

17 days ago - Seeking Alpha

AI play Pure Storage soars 22% after touting it won a contract with an unnamed big tech company

Pure Storage shares rallied 22% before the bell after announcing a contract with a top tier hyperscaler.

17 days ago - CNBC

Pure Storage Stock Soars. This Game-Changing News Overshadowed Earnings.

When a stock jumps 20% after a company's earnings, it's typically down to the numbers. That's not the case with Pure Storage on Wednesday.

17 days ago - Barrons

Pure Storage teams up with Kioxia

Pure Storage's APAC VP Nathan Hall talks about the company's hyperscaler deal with Japan's Kioxia, and how it's addressing the needs of the booming AI market.

17 days ago - CNBC International TV

Pure Storage, Inc. (PSTG) Q3 2025 Earnings Call Transcript

Pure Storage, Inc. (NYSE:PSTG) Q3 2025 Earnings Call Transcript December 3, 2024 5:00 PM ET Company Participants Paul Ziots - VP of IR Charlie Giancarlo - CEO Kevan Krysler - CFO Robert Lee - CTO Con...

17 days ago - Seeking Alpha

Pure Storage and Kioxia Collaborate to Drive Scalability, Efficiency, and Performance in Hyperscale Data Centers

SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a collaborat...

17 days ago - PRNewsWire

We're seeing good growth in the business, says Pure Storage CEO

Pure Storage CEO Charles Giancarlo, joins 'Closing Bell: Overtime' to discuss company earnings and outlook.

17 days ago - CNBC Television

Pure Storage Announces Third Quarter Fiscal 2025 Financial Results

Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced...

17 days ago - PRNewsWire

Pure Storage Introduces New GenAI Pod to Accelerate AI Innovation

Company also announces certification of FlashBlade//S500 with NVIDIA DGX SuperPOD for the most demanding AI data center requirements SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ -- Pure Storage® (...

4 weeks ago - PRNewsWire

Pure Storage Positioned For AI-Driven Growth: Analyst Sees 12% Revenue Surge Ahead

Pure Storage, Inc. PSTG shares are trading lower on Wednesday. Oppenheimer analyst Param Singh initiated coverage on the company with an Outperform rating and a price target of $70.

5 weeks ago - Benzinga

Pure Storage Announces Strategic Investment and Technology Partnership with CoreWeave to Accelerate Large-Scale AI Cloud Services Innovation

SANTA CLARA, Calif. , Nov. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer delivering the world's most advanced data storage technologies and services, and CoreWeave, the AI Hypers...

5 weeks ago - PRNewsWire

Pure Storage Announces Date and Conference Call Information for Third Quarter Fiscal 2025 Financial Results

SANTA CLARA, Calif. , Nov. 12, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will hos...

5 weeks ago - PRNewsWire

Pure Storage Simplifies Cloud Migrations for Enterprise-scale VMware Environments on Microsoft Azure

Unveiling the first fully-managed block Storage-as-a-Service (STaaS) offering for Azure VMware Solution, Pure Storage platform reduces complexity of cloud VMware migration for global customers SANTA C...

6 weeks ago - PRNewsWire

Pure Storage Named a Leader for Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for File and Object Storage Platforms

SANTA CLARA, Calif. , Oct. 11, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it has been...

2 months ago - PRNewsWire

Pure Storage Is A Trailblazing Storage Vendor, And Its Stock Valuation Reflects That

The soaring need for more data and data science is one of life's great certainties.

2 months ago - Seeking Alpha

Pure Storage Inc (PSTG) Stock Price Up 3.08% on Oct 2

Shares of Pure Storage Inc (PSTG, Financial) surged 3.08% in mid-day trading on Oct 2. The stock reached an intraday high of $50.60, before settling at $50.27, up from its previous close of $48.77.

2 months ago - GuruFocus

Rubrik and Pure Storage Partner to Offer Complete Cyber Resilience, Protecting Data and Minimizing Downtime

PALO ALTO, Calif.--(BUSINESS WIRE)--Data is the new currency in today's digital economy. However, organizations face unprecedented challenges with exponential data growth, including performance bottle...

Other symbols: RBRK
3 months ago - Business Wire

Pure Storage's Stock: Evaluating The Buy Opportunity's Post-Earnings Dip

Pure Storage remains a buy for long-term growth investors due to its leadership in flash memory storage. Despite a 23% stock drop since July, the company's fundamentals are strong, with significant gr...

3 months ago - Seeking Alpha

Pure Storage Reinvents File Services, Redefining the Standards for Enterprise-grade Agility and Simplicity

Additional industry first innovations in the Pure Storage platform provide financial flexibility through Universal Credits and a new VM assessment to optimize VMware resources SANTA CLARA, Calif. and ...

3 months ago - PRNewsWire

Pure Storage Named a Leader in the 2024 Gartner® Magic Quadrant™ for Primary Storage Platforms

Latest recognition marks eleventh consecutive year of Pure Storage being recognized as a Gartner Magic Quadrant Leader SANTA CLARA, Calif. , Sept. 20, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), ...

3 months ago - PRNewsWire