Pure Storage, Inc. (PSTG)

NYSE: PSTG · IEX Real-Time Price · USD
23.87
-0.11 (-0.46%)
At close: Mar 28, 2023, 4:00 PM
24.30
+0.43 (1.80%)
Pre-market: Mar 29, 2023, 6:17 AM EDT
-0.46%
Market Cap 7.22B
Revenue (ttm) 2.65B
Net Income (ttm) 13.54M
Shares Out 302.59M
EPS (ttm) 0.05
PE Ratio 477.40
Forward PE 21.69
Dividend n/a
Ex-Dividend Date n/a
Volume 3,285,674
Open 23.95
Previous Close 23.98
Day's Range 23.66 - 24.03
52-Week Range 21.90 - 36.49
Beta 1.26
Analysts Buy
Price Target 36.40 (+52.49%)
Earnings Date Mar 1, 2023

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]

Sector Technology
IPO Date Oct 7, 2015
Employees 4,900
Stock Exchange NYSE
Ticker Symbol PSTG
Full Company Profile

Financial Performance

In 2022, 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 2021.

Financial Statements

Analyst Forecast

According to 27 analysts, the average rating for PSTG stock is "Buy." The 12-month stock price forecast is $36.4, which is an increase of 52.49% from the latest price.

Price Target
$36.4
(52.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Pure Storage's (PSTG) FlashBlade Augments ARGF Efficiency

Pure Storage's (PSTG) FlashBlade will help AGRF to improve metadata performance and storage capacity and optimize its end-to-end sequencing pipeline.

6 days ago - Zacks Investment Research

Pure Storage FlashBlade Enables Australian Genome Research Facility to Deliver Faster, Life-Saving Research Results Globally

MOUNTAIN VIEW, Calif. , March 21, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that the...

1 week ago - PRNewsWire

3 Storage Devices Stocks to Look For Amid Industry Weakness

Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices ...

Other symbols: NTAPTDC
1 week ago - Zacks Investment Research

Pure Storage (PSTG) Rolls Out New FlashBlade//E: Key Takeaways

Pure Storage (PSTG) FlashBlade//E solution is expected to be available from end of April 2023.

3 weeks ago - Zacks Investment Research

Pure Storage (PSTG) Q4 Earnings Beat, Revenues Rise Y/Y

Pure Storage's (PSTG) Q4 performance was driven by increases in Product and Subscription revenues amid weakening enterprise IT spending and global macroeconomic turmoil.

3 weeks ago - Zacks Investment Research

Pure Storage (PSTG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for Pure Storage (PSTG) give a sense of how its business performed in the quarter ended January 2023, it might be worth considering how some key metrics compare with Wall ...

3 weeks ago - Zacks Investment Research

Pure Storage (PSTG) Beats Q4 Earnings Estimates

Pure Storage (PSTG) delivered earnings and revenue surprises of 35.90% and 0.13%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Pure Storage stock drops as profit beats but forecast disappoints

Shares of Pure Storage Inc. fell more than 5% in after-hours trading Wednesday after the data-storage company topped profit expectations for its most recent quarter but forecast slower revenue growth ...

3 weeks ago - Market Watch

Pure Storage Guidance Misses Street Estimates as Companies Cut IT Spending

Pure Storage posted January quarter profits ahead of estimates, but the outlook is likely to disappoint investors.

3 weeks ago - Barrons

Pure Storage Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results

Fiscal 2023 revenue growth of 26% year-over-year Subscription services ARR of $1.1 billion, up 30% year-over-year Introduction of FlashBlade//E: Delivering benefits of flash at better economics than d...

3 weeks ago - PRNewsWire

Pure Storage Ushers in the New Era of Unstructured Data Storage with FlashBlade//E

Delivering the benefits of flash at better economics than disk, Pure makes the all-flash data center a reality MOUNTAIN VIEW, Calif. , March 1, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT ...

3 weeks ago - PRNewsWire

Pure Storage (PSTG) to Report Q4 Earnings: What's in Store?

Pure Storage's (PSTG) fourth-quarter performance is likely to have benefited from continued momentum in its subscription services, namely Pure as-a-Service subscription, Portworx and Evergreen Storage...

1 month ago - Zacks Investment Research

Pure Storage Announces Date and Conference Call Information for Fiscal Fourth Quarter and Full Year 2023 Financial Results

MOUNTAIN VIEW, Calif. , Feb. 8, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will ho...

1 month ago - PRNewsWire

World's Largest Law Firm Leverages Pure Storage for Rapid Global Expansion, Supported by Sustainable, Secure Infrastructure

MOUNTAIN VIEW, Calif. , Jan. 31, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced that Dentons, t...

2 months ago - PRNewsWire

With Industry-First Energy Efficiency Guarantee, Pure Storage Further Expands SLA Offerings for Evergreen//One

Pure Sees Strong Customer Adoption of its Evergreen Subscription Services, Surpassing $1B in ARR for the First Time MOUNTAIN VIEW, Calif. , Jan. 17, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), th...

2 months ago - PRNewsWire

Here's Why Investors Should Consider Buying Pure Storage (PSTG)

Pure Storage's (PSTG) performance is benefiting from the growing demand for its FlashArray and FlashBlade businesses.

2 months ago - Zacks Investment Research

3 Storage Devices Stocks to Watch for in a Challenging Industry

Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices ...

Other symbols: NTAPSMCI
2 months ago - Zacks Investment Research

Should You Store Your Capital in Pure Storage Stock?

Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the selling

3 months ago - MarketBeat

Why Is Pure Storage (PSTG) Down 10.6% Since Last Earnings Report?

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

3 months ago - Zacks Investment Research

New Pure Storage Survey Details the Critical Impact of IT on Global Environmental Sustainability Initiatives

Nearly 9 out of 10 sustainability program directors say companies cannot reach sustainability goals without significantly reducing energy usage of technology infrastructure MOUNTAIN VIEW, Calif. , Dec...

3 months ago - PRNewsWire

Pure Storage is a Steady Eddie Growing Storage Play

Enterprise data storage solutions provider Pure Storage, Inc. (NYSE: PSTG) stock has been buoyant this year throughout the semiconductor bust cycle.

4 months ago - MarketBeat

Pure Storage (PSTG) Q3 Earnings & Revenues Beat, Rise Y/Y

Pure Storage's (PSTG) Q3 results gain from continued momentum in subscription services and revenue contributions from sales to Meta amid a challenging macroeconomic backdrop.

4 months ago - Zacks Investment Research

Pure Storage (PSTG) Q3 Earnings and Revenues Beat Estimates

Pure Storage (PSTG) delivered earnings and revenue surprises of 19.23% and 0.63%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Pure Storage Announces Third Quarter Fiscal 2023 Financial Results

Q3 revenue growth of 20% year-over-year Subscription services ARR exceeded $1 billion Increased FY23 non-GAAP operating income guidance MOUNTAIN VIEW, Calif. , Nov. 30, 2022 /PRNewswire/ -- Today Pure...

4 months ago - PRNewsWire

Pure Storage (PSTG) to Report Q3 Earnings: What's in Store?

Pure Storage's (PSTG) third-quarter performance is likely to have benefited from continued momentum in its subscription services, namely Pure as-a-Service subscription, Portworx and Evergreen Storage.

4 months ago - Zacks Investment Research