Pure Storage, Inc. (PSTG)

NYSE: PSTG · IEX Real-Time Price · USD
59.15
+0.30 (0.51%)
At close: May 17, 2024, 4:00 PM
59.49
+0.34 (0.57%)
After-hours: May 17, 2024, 7:52 PM EDT
0.51%
Market Cap 19.14B
Revenue (ttm) 2.83B
Net Income (ttm) 61.31M
Shares Out 325.10M
EPS (ttm) 0.19
PE Ratio 311.32
Forward PE 39.66
Dividend n/a
Ex-Dividend Date n/a
Volume 2,641,127
Open 59.55
Previous Close 58.85
Day's Range 58.82 - 60.51
52-Week Range 24.00 - 60.51
Beta 1.15
Analysts Buy
Price Target 50.56 (-14.52%)
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 18 analysts, the average rating for PSTG stock is "Buy." The 12-month stock price forecast is $50.56, which is a decrease of -14.52% from the latest price.

Price Target
$50.56
(-14.52% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

4 days 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 ...

10 days 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 ...

12 days 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/ ...

5 weeks 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...

6 weeks 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...

7 weeks 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
7 weeks 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...

2 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 ...

2 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...

2 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...

2 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...

2 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
3 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...

3 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...

4 months ago - PRNewsWire

Pure Storage rises in premarket trades ahead of inclusion in S&P MidCap 400

Pure Storage Inc.'s stock PSTG, -2.36% was up 6.4% in premarket trading Wednesday after S&P Dow Jones Indices said the company will replace Patterson Companies Inc. PDCO, +0.84% in the S&P MidCap 400....

4 months ago - Market Watch

Pure Storage Set to Join S&P MidCap 400; Patterson Companies to Join S&P SmallCap 600

NEW YORK , Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NY...

Other symbols: CHSSPGI
4 months ago - PRNewsWire

Pure Storage Empowers Toss Bank to Drive Exceptional Digital Financial Services

Pure Storage enables South Korea's fastest growing internet-only bank to save nearly $500,000 in disk purchasing costs, and over $120,000 in data center footprint and energy costs SANTA CLARA, Calif. ...

5 months ago - PRNewsWire

Pure Storage Recognized as a Leader in the 2023 IDC MarketScape for Container Data Management

SANTA CLARA, Calif. , Dec. 7, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced today that it was ...

5 months ago - PRNewsWire

Pure Storage Appoints Lynn Lucas as Chief Marketing Officer

B2B Veteran Brings Decades of Experience Driving Growth and Innovation Across Hybrid Cloud and Software Markets SANTA CLARA, Calif. , Dec. 5, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pi...

5 months ago - PRNewsWire

These advisers say markets are expecting unrealistic outcomes. Here are some alternatives.

Stocks are poised for an upbeat finish to the best month of gains for 2023, as the fever pitch around Fed rate cuts next year grows. It's all teeing up nicely for that Santa rally, maybe.

6 months ago - Market Watch

Pure Storage price target to $40 from $45 at Wedbush, after company's revenue warning

Pure Storage Inc.'s stock PSTG, +5.74% was down 16% to $31.79 in premarket trading Thursday, after the company issued fourth-quarter and 2024 revenue forecasts that missed Wall Street estimates. Wedbu...

6 months ago - Market Watch

Pure Storage CEO Charles Giancarlo talks quarterly earnings

Charles Giancarlo, Pure Storage CEO, joins 'Closing Bell Overtime' to talk quarterly results, moving to a subscription model, AI and more.

6 months ago - CNBC Television

Pure Storage Shares Tumble as Guidance Misses Estimates

The company blamed the miss on a business model transition and the delayed fulfillment of a large customer order.

6 months ago - Barrons