Pure Storage, Inc. (PSTG)

NYSE: PSTG · Real-Time Price · USD
49.78
-0.12 (-0.24%)
At close: Nov 20, 2024, 4:00 PM
49.54
-0.24 (-0.48%)
Pre-market: Nov 21, 2024, 5:35 AM EST
-0.24%
Market Cap 16.31B
Revenue (ttm) 3.01B
Net Income (ttm) 136.49M
Shares Out 327.69M
EPS (ttm) 0.39
PE Ratio 127.50
Forward PE 30.23
Dividend n/a
Ex-Dividend Date n/a
Volume 1,307,157
Open 49.90
Previous Close 49.90
Day's Range 48.95 - 50.14
52-Week Range 31.00 - 70.41
Beta 1.10
Analysts Buy
Price Target 68.14 (+36.88%)
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 $68.14, which is an increase of 36.88% from the latest price.

Price Target
$68.14
(36.88% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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® (...

2 days 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.

7 days 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...

7 days 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...

8 days 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...

16 days 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...

5 weeks 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.

6 weeks 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.

7 weeks 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
7 weeks 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...

2 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 ...

2 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), ...

2 months ago - PRNewsWire

Pure Storage: The Dip Provides A Better Entry Point

Pure Storage's post-Q2 dip offers a compelling entry point, with strong growth potential driven by AI storage needs and partnerships with NVIDIA. Despite Q3 revenue deceleration, Pure Storage's histor...

2 months ago - Seeking Alpha

Guess?, Nvidia, Pure Storage, Applied Digital And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.

Other symbols: APLDNVDA
2 months ago - Benzinga

Pure Storage: Modernize infrastructure to reduce energy footprint

Nathan Hall, VP of Asia-Pacific and Japan at Pure Storage, talks to us about the scale of energy needed for artificial intelligence, and how improving infrastructure could help reduce it.

3 months ago - CNBC International TV

Pure Storage, Inc. (PSTG) Q2 2025 Earnings Call Transcript

Pure Storage, Inc. (NYSE:PSTG) Q2 2025 Earnings Call Transcript August 28, 2024 5:00 PM ET Company Participants Paul Ziots - VP of IR Charlie Giancarlo - CEO Kevan Krysler - CFO Rob Lee - CTO Confere...

3 months ago - Seeking Alpha

Pure Storage Announces Second Quarter Fiscal 2025 Financial Results

Q2 total revenue growth of 11% year-over-year Subscription services ARR growing 24% year-over-year SANTA CLARA, Calif. , Aug. 28, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer t...

3 months ago - PRNewsWire

Pure Storage Embraces Next-Generation Networking for AI with Ultra Ethernet Consortium Membership

In collaboration with industry peers, Pure Storage commits to expanding the capabilities of high performance Ethernet for large-scale AI and HPC initiatives SANTA CLARA, Calif. , Aug. 13, 2024 /PRNews...

3 months ago - PRNewsWire

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

SANTA CLARA, Calif. , Aug. 7, 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 host...

3 months ago - PRNewsWire

Cerabyte Secures Strategic Investment from Pure Storage to Enable Sustainable Immutable Data Storage Solutions

SANTA CLARA, Calif. & MUNICH--(BUSINESS WIRE)-- #DataStorage--Pure Storage strategically invests in Cerabyte, the pioneer of ceramic-based data storage solutions. John (Coz) Colgrove joins Cerabyte's ...

4 months ago - Business Wire

Why Pure Storage Stock Is A Smart Buy: Unpacking The Growth Drivers

Pure Storage is a data storage pioneer in areas such as flash memory and Storage-as-a-Service. Secular trends like AI adoption and hybrid cloud architecture are driving the need for improved storage s...

4 months ago - Seeking Alpha

Pure Storage: Market Share Gains And AI Opportunities Make This A Substantial Opportunity

Pure Storage continues to gain market share within its category of all-flash-arrays in enterprise data centers. Pure shares have risen by almost 80% in 2024 but pulled back 10% recently due to concern...

4 months ago - Seeking Alpha

This CrowdStrike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...

Other symbols: CRWDDHIGSINCY
5 months ago - Benzinga

Pure Storage Recognizes Customers Driving Business Impact in Fourth Annual Breakthrough Awards Program

Seven customers honored at Pure//Accelerate 2024 for innovative use of the Pure Storage platform among 12,500+ global customers LAS VEGAS , June 21, 2024 /PRNewswire/ -- Pure Storage //Accelerate -- T...

5 months ago - PRNewsWire

Industry-First Innovations in the Pure Storage Platform Help Customers Keep Pace with AI's Rapid Evolution

AI Storage as-a-Service and other solutions showcased at //Accelerate deliver the best foundation for AI and cyber resilience LAS VEGAS , June 19, 2024 /PRNewswire/ -- Pure Storage//Accelerate - Pure ...

5 months ago - PRNewsWire