Pure Storage, Inc. (PSTG)

NYSE: PSTG · IEX Real-Time Price · USD
62.77
-2.74 (-4.18%)
At close: Jul 2, 2024, 4:00 PM
62.78
+0.01 (0.02%)
After-hours: Jul 2, 2024, 7:54 PM EDT
-4.18%
Market Cap 20.41B
Revenue (ttm) 2.93B
Net Income (ttm) 93.70M
Shares Out 325.23M
EPS (ttm) 0.28
PE Ratio 224.18
Forward PE 41.13
Dividend n/a
Ex-Dividend Date n/a
Volume 4,399,226
Open 61.00
Previous Close 65.51
Day's Range 60.50 - 63.02
52-Week Range 31.00 - 70.41
Beta 1.06
Analysts Buy
Price Target 69.47 (+10.67%)
Earnings Date May 29, 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

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for PSTG stock is "Buy." The 12-month stock price forecast is $69.47, which is an increase of 10.67% from the latest price.

Price Target
$69.47
(10.67% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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
10 hours 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...

11 days 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 ...

13 days ago - PRNewsWire

Pure Storage Platform Arms Enterprises in Fight Against Ransomware with Groundbreaking New Cyber Resiliency Services and Capabilities

Extends STaaS leadership, now with 10 concurrent SLAs, the industry's most comprehensive set of service level agreements LAS VEGAS , June 19, 2024 /PRNewswire/ -- Pure Storage//Accelerate -- Pure Stor...

13 days ago - PRNewsWire

Mirantis Collaboration with Pure Storage Simplifies Data Management with Kubernetes

CAMPBELL, Calif.--(BUSINESS WIRE)-- #container--Mirantis is collaborating with Pure Storage®, enabling customers to use MKE with the Portworx® container data management platform.

26 days ago - Business Wire

Pure Storage Makes Strategic Investment in LandingAI to Advance AI Vision Models in the Enterprise

SANTA CLARA, Calif. and PALO ALTO, Calif.

27 days ago - PRNewsWire

Pure Storage Survey Reveals Surge in Cloud-Native Adoption to Accelerate Business-Critical Application Delivery

More than half of IT professionals plan to migrate or modernize some of their VM workloads to Kubernetes SANTA CLARA, Calif., June 4, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer tha...

4 weeks ago - PRNewsWire

AI will put pressure on company spend but data storage 'will still be needed', says Pure Storage CEO

Charles Giancarlo, Pure Storage CEO, joins  'Closing Bell Overtime' to talk quarterly results, what's ahead as AI demand grows and more.

4 weeks ago - CNBC Television

Pure Storage Announces First Quarter Fiscal 2025 Financial Results

Q1 total revenue growth of 18%, year-over-year Subscription services ARR over $1.4 billion SANTA CLARA, Calif. , May 29, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that deliv...

4 weeks ago - PRNewsWire

With Pure Storage, New Mexico State University Drives Exceptional Learning Experiences While Cutting Storage Costs by 66% Annually

SANTA CLARA, Calif. , May 20, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that New Mexico ...

6 weeks ago - PRNewsWire

Pure Storage Propels Ampersand's Hybrid Cloud Strategy, Enables Timely Data Insights for TV Advertisers

Pure Cloud Block Store drives agility and performance for Ampersand in a hybrid cloud environment SANTA CLARA, Calif. , May 14, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that del...

7 weeks ago - PRNewsWire

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

SANTA CLARA, Calif. , May 8, 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 ...

7 weeks ago - PRNewsWire

Pure Storage and Red Hat Accelerate Modern Virtualization Adoption Across Enterprises

DENVER - RED HAT SUMMIT 2024--(BUSINESS WIRE)--Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, and Red Hat, the world's leading ...

2 months ago - Business Wire

Pure Storage Empowers Andra to Meet Sustainability Goals with an 80% Reduction in Data Center Footprint

The French National Agency for Radioactive Waste Management (Andra) can safely and efficiently manage data related to dangerous radioactive substances SANTA CLARA, Calif. , April 9, 2024 /PRNewswire/ ...

3 months ago - PRNewsWire

With Pure Storage, the City of Bloomington Reduces Data Center Footprint by 85%, While Driving Financial Flexibility and IT Performance

City of Bloomington, IL optimizes citizen services without compromising cost or sustainability using Pure Storage SANTA CLARA, Calif. , April 2, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT...

3 months ago - PRNewsWire

With Pure Storage, MPI Reduces Data Center Footprint by 95%, Achieves 10x Faster Time to Recovery

SANTA CLARA, Calif. , March 26, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that Motion Pi...

3 months ago - PRNewsWire

Pure Storage, Nvidia partner to democratize AI with new infrastructure solutions

Pure Storage and Nvidia collaborate to deliver validated AI infrastructure solutions, empowering enterprises with high-performance data storage and compute capabilities for successful AI deployments a...

Other symbols: NVDA
3 months ago - VentureBeat

Pure Storage Accelerates Enterprise AI Adoption to Meet Growing Demands with NVIDIA AI

SANTA CLARA, Calif. , March 18, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced new valida...

3 months ago - PRNewsWire

Pure Storage Enables Puerto Rico's Largest Furniture Retailer to Drive Service Innovation, While Cutting IT Costs

SANTA CLARA, Calif. , March 12, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that Empresas ...

4 months ago - PRNewsWire

Pure Storage Delivers New Self-Service Storage Management Capabilities to Drive Enhanced Services Experience for Global Customers

Latest platform enhancements empower customers with more control over their data storage environment via a single management layer, simplifying end-to-end operations SANTA CLARA, Calif. , March 5, 202...

4 months ago - PRNewsWire

Pure Storage Unveils Strategic Evolution of its Partner Program, Built for the Subscription Economy

Updates Will Enhance Partner Experience to Drive Partner Empowerment, Scale, and Preference SANTA CLARA, Calif. , Feb. 29, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers...

4 months ago - PRNewsWire

Pure Storage Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results

FY24 TCV sales growth of Evergreen//One and Evergreen//Flex offerings exceeding 100% Q4 RPO growing 31% year-over-year SANTA CLARA, Calif. , Feb. 28, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PST...

4 months ago - PRNewsWire

Pure Storage, Google trim Bay Area jobs in widening tech industry cuts

High-profile tech companies, including Google and Pure Storage, have decided to conduct a fresh round of Bay Area job cuts that will affect hundreds of jobs in the region, state records show.

Other symbols: GOOGGOOGL
5 months ago - TechXplore

Pure Storage Announces Date and Conference Call Information for Fiscal Fourth Quarter and Full Year 2024 Financial Results

SANTA CLARA, Calif. , Feb. 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...

5 months ago - PRNewsWire

With Pure Storage, Adistec Transforms Latin American IT While Cutting Hardware Costs up to 80% with Evergreen//Flex

Evergreen//Flex subscription provides the freedom to own storage and the flexibility of consumption economics based on asset utilization SANTA CLARA, Calif. , Jan. 16, 2024 /PRNewswire/ -- Pure Storag...

6 months ago - PRNewsWire