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

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...

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 ...

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.

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.

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 ...

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?

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 ...

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.

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...

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 ...

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...

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...

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...

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...

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.

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 ...

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

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?

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...

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.

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.

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?

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...

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.