Pure Storage, Inc. (PSTG)

NYSE: PSTG · IEX Real-Time Price · USD
26.95
+0.35 (1.32%)
Jun 24, 2022 4:00 PM EDT - Market closed
1.32%
Market Cap 7.98B
Revenue (ttm) 2.39B
Net Income (ttm) -70.59M
Shares Out 296.02M
EPS (ttm) -0.24
PE Ratio n/a
Forward PE 34.97
Dividend n/a
Ex-Dividend Date n/a
Volume 4,378,236
Open 26.98
Previous Close 26.60
Day's Range 26.74 - 27.43
52-Week Range 17.40 - 36.71
Beta 1.52
Analysts Buy
Price Target 37.92 (+40.7%)
Earnings Date Jun 1, 2022

About PSTG

Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC... [Read more...]

Industry Technology Hardware, Storage & Peripherals
IPO Date Oct 7, 2015
CEO Charles Giancarlo
Employees 4,300
Stock Exchange NYSE
Ticker Symbol PSTG
Full Company Profile

Financial Performance

In 2021, Pure Storage's revenue was $2.18 billion, an increase of 29.49% compared to the previous year's $1.68 billion. Losses were -$143.26 million, -49.21% less than in 2020.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for PSTG stock is "Buy." The 12-month stock price forecast is 37.92, which is an increase of 40.71% from the latest price.

Price Target
$37.92
(40.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Pure Storage (PSTG) is a Top Momentum Stock for the Long-Term

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Pure Storage (PSTG) Recently Broke Out Above the 20-Day Moving Average

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

Pure Storage (PSTG) Expands FlashBlade Array With FlashBlade//S

Pure Storage (PSTG) unveils FlashBlade//S solution powered by the company's all-QLC modular architecture.

Pure Storage (PSTG) is a Top-Ranked Momentum Stock: Should You Buy?

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Pure Storage Introduces FlashBlade//S: A Revolutionary Platform that Addresses the Demands of Unstructured Data and M...

New architecture disaggregates resources to give customers the freedom to scale in any direction, unlocking the most diverse set of workloads while providing investment protection LOS ANGELES , June 8, ...

Pure Storage Advances Commitment to Deliver True Storage Flexibility and Modernization to Enterprises Everywhere with...

With the new fleet-level Evergreen//Flex, enterprises can balance the benefits of a cloud operating model with traditional hardware ownership LOS ANGELES , June 8, 2022 /PRNewswire/ -- Today at Pure//Ac...

Pure Storage Redefines AI-Ready Infrastructure, Speeds Time to Insights with AIRI//S Built on NVIDIA DGX Systems

AIRI//S provides pre-validated, simple, scalable infrastructure for all stages of the AI data pipeline LOS ANGELES , June 8, 2022 /PRNewswire/ -- Today at Pure//Accelerate® techfest22, Pure Storage® (NY...

Pure Storage Recognizes Customers Driving Innovation in Second Annual Breakthrough Awards Program

Six customers honored at Pure//Accelerate techfest22 as leaders in their use of Pure among 10,000+ global customers LOS ANGELES , June 8, 2022 /PRNewswire/ -- Today at Pure//Accelerate® techfest22, Pure...

Pure Storage's new FlashBlade solution doubles storage density, performance and efficiency

Pure Storage's disaggregation of resources affords users the freedom to scale storage in any direction and its expanded subscription program offers greater flexibility.

3 Storage Devices Stocks to Watch for in a Prospering 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 Pure Storage (PSTG), Super Micro Com...

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Wall Street Analysts See a 29% Upside in Pure Storage (PSTG): Can the Stock Really Move This High?

The average of price targets set by Wall Street analysts indicates a potential upside of 28.8% in Pure Storage (PSTG). While the effectiveness of this highly sought-after metric is questionable, the pos...

Pure Storage (PSTG) Q1 Earnings Beat, Revenues Rise Y/Y

Pure Storage's (PSTG) Q1 results gain from strong subscription services, as well as revenue growth in both domestic and international segments.

Pure Storage (PSTG) Q1 Earnings and Revenues Top Estimates

Pure Storage (PSTG) delivered earnings and revenue surprises of 525% and 18.68%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Earnings Results: Pure Storage stock rallies 10% as results, outlook top Street view

Pure Storage Inc. shares rallied in the extended session Wednesday after the flash-based data-storage company's results and outlook topped Wall Street estimates.

Pure Storage Announces First Quarter Fiscal 2023 Financial Results

Q1 revenue growing 50% year-over-year Record Q1 operating profit Raised FY23 revenue outlook to $2.66 billion MOUNTAIN VIEW, Calif. , June 1, 2022 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT...

Factors to Note Ahead of Pure Storage's (PSTG) Q1 Earnings

Pure Storage's (PSTG) fiscal first-quarter performance will likely gain from strong adoption of subscription services like Pure as-a-Service, Portworx and Evergreen offerings.

Pure Storage (PSTG) Rolls Out Updates for Portworx Portfolio

Pure Storage (PSTG) announces the general availability of Portworx Data Services and Portworx Backup-as-a-Service and launches the next generation of Portworx Enterprise solutions.

The Ratings Game: HPE, Pure Storage stocks drop after slower business spending fears prompt downgrade

Shares of Hewlett Packard Enterprise Co. and Pure Storage Inc. both fell Friday after B. of A. Securities downgraded both stocks citing lower confidence on business spending and impacts from China's COV...

Other symbols: HPE

Pure Storage Boosts Developer Productivity by Expanding the Portworx Portfolio and Making Kubernetes Adoption a Reality

Portworx portfolio advancements provide more data services than ever before while giving DevOps teams greater control over their workstreams  MOUNTAIN VIEW, Calif. , May 18, 2022 /PRNewswire/ -- Pure St...

Pure Storage Announces Date and Conference Call Information for First Quarter Fiscal 2023 Financial Results

MOUNTAIN VIEW, Calif. , May 12, 2022 /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...

Pure Storage and Snowflake Deliver Increased Data Accessibility

The joint solution will combine the agility of FlashBlade's Object Store with the Snowflake Data Cloud to give customers greater control of their data, in-cloud or on-premises MOUNTAIN VIEW, Calif. and ...

Other symbols: SNOW

Pure Storage FlashBlade Accelerates Time-to-Market for EDA Workloads

Half of the top semiconductor companies rely on Pure to fast-track innovation MOUNTAIN VIEW, Calif. , May 3, 2022 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's mos...

7 Oversold Stocks to Scoop Up in May 2022

There are a few golden opportunities on the market, with quite a few quality companies being oversold due to overreactions. The post 7 Oversold Stocks to Scoop Up in May 2022 appeared first on InvestorP...

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These Are The 5 Best Tech Stocks To Watch Now

The technology sector is home to many of the best tech stocks to buy or watch, although it's slim picking these days. The post These Are The 5 Best Tech Stocks To Watch Now appeared first on Investor's ...

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