Pure Storage, Inc. (PSTG)
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]
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 StatementsAnalyst 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.
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...
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.
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...
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.
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...
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...
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.
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.
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.
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...
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...
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.
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...
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® (...
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.
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...
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...
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...
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...
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.
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.
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...
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...
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 ...
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), ...