Pure Storage, Inc. (PSTG)

NYSE: PSTG · Real-Time Price · USD
41.77
+0.51 (1.22%)
Apr 17, 2025, 4:00 PM EDT - Market closed
1.22%
Market Cap 13.61B
Revenue (ttm) 3.17B
Net Income (ttm) 106.74M
Shares Out 326.02M
EPS (ttm) 0.31
PE Ratio 134.68
Forward PE 24.58
Dividend n/a
Ex-Dividend Date n/a
Volume 2,606,872
Open 41.60
Previous Close 41.26
Day's Range 40.97 - 42.16
52-Week Range 34.51 - 73.67
Beta 1.08
Analysts Buy
Price Target 70.29 (+68.3%)
Earnings Date May 28, 2025

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 6,000
Stock Exchange NYSE
Ticker Symbol PSTG
Full Company Profile

Financial Performance

In 2024, Pure Storage's revenue was $3.17 billion, an increase of 11.92% compared to the previous year's $2.83 billion. Earnings were $106.74 million, an increase of 74.09%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for PSTG stock is "Buy." The 12-month stock price forecast is $70.29, which is an increase of 68.30% from the latest price.

Price Target
$70.29
(68.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

If Tariffs Shift Customer Spending Priorities, These Software Stocks Could Face Slow Growth

Needham analyst Mike Cikos noted tariff exposure in his Infrastructure Software coverage is better insulated compared to other sectors due to the U.S.' dominant position in Software and the vast, chea...

Other symbols: CFLTNTNX
13 days ago - Benzinga

Pure Storage: The Stock Is Down 24% Since Hyperscaler Win

Pure Storage has successfully transitioned to a "Storage-as-a-Service" model, benefiting from strong demand amid the GenAI boom and delivering resilient FY2025 results. The company is pursuing more hy...

15 days ago - Seeking Alpha

Pure Storage Integrates NVIDIA AI Data Platform into FlashBlade to Fuel Enterprise AI Innovation

FlashBlade now certified for NVIDIA Cloud Partner and Enterprise deployments, transforms data into knowledge in near real-time, to fast-track agentic AI reasoning SANTA CLARA, Calif. , March 18, 2025 ...

4 weeks ago - PRNewsWire

Pure Storage Introduces FlashBlade//EXA™, the World's Most Powerful Data Storage Platform for AI and High-Performance Computing

Purpose-built to bring unmatched performance, scalability and power of FlashBlade technology to next-generation, GPU-intensive AI and HPC workloads SANTA CLARA, Calif. , March 11, 2025 /PRNewswire/ --...

5 weeks ago - PRNewsWire

Seizing Opportunities: Why Pure Storage Is An Intelligent Buy For 2025 And Beyond

Pure Storage has significant upside potential as hyperscalers transition from hard disks to solid-state devices, validated by a recent design win with a major cloud provider. Its DirectFlash technolog...

6 weeks ago - Seeking Alpha

Pure Storage, Inc. (PSTG) Q4 2025 Earnings Call Transcript

Pure Storage, Inc. (NYSE:PSTG) Q4 2025 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Paul Ziots - VP of IR Charlie Giancarlo - CEO Kevan Krysler - CFO Robert Lee - CTO Co...

7 weeks ago - Seeking Alpha

Pure Storage Announces Fiscal Fourth Quarter and Full Year 2025 Financial Results

Delivers double-digit revenue growth and strong profitability in Q4 Full year 2025 revenue surpasses $3 billion, representing growth of 12% year-over-year SANTA CLARA, Calif. , Feb. 26, 2025 /PRNewswi...

7 weeks ago - PRNewsWire

Pure Storage Announces Date and Conference Call Information for Fiscal Fourth Quarter and Full Year 2025 Financial Results

SANTA CLARA, Calif. , Feb. 5, 2025 /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...

2 months ago - PRNewsWire

Pure Storage Revamps Reseller Partner Program to Accelerate Partner Path to Profitability and Growth

Updated program enhances growth opportunities for partners, enabling them to accelerate customers' transition to the Pure Storage Platform SANTA CLARA, Calif. , Feb. 5, 2025 /PRNewswire/ -- Pure Stora...

2 months ago - PRNewsWire

Pure Storage: Seeing Upside Into Fiscal 2026 Guidance

Pure Storage: Seeing Upside Into Fiscal 2026 Guidance

3 months ago - Seeking Alpha

Pure Storage: Well Positioned To Win Deals In An Expanded TAM

I maintain a buy rating for Pure Storage due to its strong growth potential and recent design win with a top-four hyperscaler. PSTG's landmark deal validates its competitive edge and strengthens its s...

3 months ago - Seeking Alpha

Pure Storage and Micron Collaborate to Deliver Scalable, Energy-Efficient Solutions for Hyperscale Data Centers

SANTA CLARA, Calif. , Jan. 7, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the expansio...

Other symbols: MU
3 months ago - PRNewsWire

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...

4 months 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.

4 months 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...

4 months 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.

4 months 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...

4 months 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...

4 months 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.

4 months 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.

4 months 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.

4 months 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...

4 months 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...

4 months 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.

4 months 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...

4 months ago - PRNewsWire