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Pure Storage, Inc. (PSTG)

NYSE: PSTG · IEX Real-Time Price · USD
26.22 0.01 (0.04%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap7.47B
Revenue (ttm)1.82B
Net Income (ttm)-255.99M
Shares Out283.93M
EPS (ttm)-0.92
PE Ration/a
Forward PE42.92
Dividendn/a
Ex-Dividend Daten/a
Volume2,024,124
Open26.32
Previous Close26.21
Day's Range26.22 - 26.54
52-Week Range15.80 - 29.53
Beta1.42
AnalystsBuy
Price Target30.72 (+17.2%)
Est. Earnings DateNov 24, 2021

About PSTG

Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. The company delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. Its cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution for file and object storage. The company also provi...

IndustryTechnology Hardware, Storage & Peripherals
IPO DateOct 7, 2015
CEOCharles Giancarlo
Employees3,900
Stock ExchangeNYSE
Ticker SymbolPSTG
Full Company Profile

Financial Performance

In 2020, Pure Storage's revenue was $1.68 billion, an increase of 2.48% compared to the previous year's $1.64 billion. Losses were -$282.08 million, 40.3% more than in 2019.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for Pure Storage stock is "Buy." The 12-month stock price forecast is 30.72, which is an increase of 17.16% from the latest price.

Price Target
$30.72
(17.16% upside)
Analyst Consensus: Buy

News

Pure Storage Named a Leader in 2021 Gartner Magic Quadrant for Primary Storage

MOUNTAIN VIEW, Calif., Oct. 14, 2021 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, announced it has been positioned by Gartne...

1 day ago - PRNewsWire

New Release of Portworx PX-Backup Enables Cross-Cloud Data Protection and Migration of Stateful Applications Running ...

MOUNTAIN VIEW, Calif., Oct. 12, 2021 /PRNewswire/ -- Today at KubeCon North America, Portworx® by Pure Storage® (NYSE: PSTG), the most complete Kubernetes Data Services Platform, announced the release o...

3 days ago - PRNewsWire

Pure Storage Named a Leader in 2021 Gartner Magic Quadrant for Distributed File Systems & Object Storage

MOUNTAIN VIEW, Calif., Oct. 6, 2021 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, announced it has been positioned by Gartner...

1 week ago - PRNewsWire

Pure Storage and VMware Collaborate on Pure Validated Design to Accelerate Adoption of Modern Applications and Infras...

MOUNTAIN VIEW, Calif., Oct. 5, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced the release of a new Pure Valida...

1 week ago - PRNewsWire

Why Analysts See 18% - 38% Upside In Pure Storage Post Analyst Day Meet?

Analysts lauded Pure Storage Inc (NYSE:PSTG) with higher price targets following the analyst day and product launch event. Raymond James analyst Simon Leopold raised the PT to $35 from $31, implying a 3...

2 weeks ago - Benzinga

Pure Storage Unveils Portworx Data Services, the Industry's First Database-as-a-Service Platform for Kubernetes

MOUNTAIN VIEW, Calif., Sept. 28, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced Portworx Data Services, the in...

2 weeks ago - PRNewsWire

Pure Storage Leads the Industry with New Services and Software to Further Expand its Vision of the Modern Data Experi...

MOUNTAIN VIEW, Calif., Sept. 28, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today unveiled a significant progression of th...

2 weeks ago - PRNewsWire

Pure Storage Introduces Pure Fusion: A Self-Service, Autonomous Storage-as-Code Platform Built for Limitless Scale

MOUNTAIN VIEW, Calif., Sept. 28, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced Pure Fusion™, an industry-firs...

2 weeks ago - PRNewsWire

Why Pure Storage (PSTG) Could Be Positioned for a Surge

Pure Storage (PSTG) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

2 weeks ago - Zacks Investment Research

Why Is Pure Storage (PSTG) Up 13.4% Since Last Earnings Report?

Pure Storage (PSTG) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

Pure Storage (PSTG) Crossed Above the 20-Day Moving Average: What That Means for Investors

Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?

3 weeks ago - Zacks Investment Research

3 Storage Devices Stocks to Watch Amid a Challenging Industry

Momentum in cloud computing, IoT, auto, connected devices, VR and AI is expected to favor the prospects of the Zacks Computer - Storage Devices industry players like NetApp (NTAP), Western Digital (WDC)...

Other symbols:NTAPTDCWDC
3 weeks ago - Zacks Investment Research

After Golden Cross, Pure Storage (PSTG)'s Technical Outlook is Bright

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

3 weeks ago - Zacks Investment Research

Pure Storage Appoints Mallun Yen to Board of Directors

MOUNTAIN VIEW, Calif., Sept. 14, 2021 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced the appointment of Mallun Yen t...

1 month ago - PRNewsWire

Pure Storage FlashBlade Enables DC BLOX to Offer Critical Storage Infrastructure Capabilities, Continue Expansion of ...

MOUNTAIN VIEW, Calif., Sept. 14, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG),  the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced that DC BLOX, a provider of i...

1 month ago - PRNewsWire

Have $3,000? 3 Tech Stocks to Buy and Hold for the Long Term

These three fundamentally strong tech stocks are well-positioned for robust growth.

Other symbols:PINSSOFI
1 month ago - The Motley Fool

Pure Storage Updates Time and Location for 2021 Financial Analyst Day

MOUNTAIN VIEW, Calif., Sept. 8, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, announced updated details of its next Financial...

1 month ago - PRNewsWire

Olympus Introduces Pure Storage to Their Large-Scale Container-Based AI Development Platform

MOUNTAIN VIEW, Calif. , Aug. 31, 2021 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced that Olympus, the world's lead...

1 month ago - PRNewsWire

Two New Monthly Stock Picks For September

It was a rainbow day for investors after Fed Chair Powell's comments at the Jackson Hole symposium erased some of their market concerns. Though the short-term outlook is strong and there are two stocks ...

Other symbols:JELD
1 month ago - Forbes

Why Pure Storage Stock Rocketed Higher This Week

The specialist in enterprise data storage platforms reported an outstanding fiscal second quarter.

1 month ago - The Motley Fool

PSTG Stock: 2 Reasons Why Pure Storage Investors Are Smiling Today

Today, a variety of catalysts are lining up investors in for distributed storage company Pure Storage and PSTG stock as it reports earnings. The post PSTG Stock: 2 Reasons Why Pure Storage Investors Are...

1 month ago - InvestorPlace

Why Pure Storage Stock Soared 14.5% Today

Pure Storage beat earnings yesterday, sort of.

1 month ago - The Motley Fool

Pure Storage (PSTG) Q2 Earnings Beat Estimates, Shares Up

Pure Storage's (PSTG) fiscal second-quarter results reflect continued strength in subscription services' business.

1 month ago - Zacks Investment Research

Pure Storage Shares Pop On Q2 Beat, Q3 Outlook Above Consensus

Pure Storage Inc (NYSE: PSTG) shares traded higher by 14.3% at $23.95 on the last check Thursday. The data storage platform company reported second-quarter FY22 revenue of $496.8 million, up 23% year-on...

1 month ago - Benzinga

Pure Storage (PSTG) Tops Q2 Earnings and Revenue Estimates

Pure Storage (PSTG) delivered earnings and revenue surprises of 180.00% and 5.48%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research