Pure Storage, Inc. (PSTG)
| Market Cap | 7.47B |
| Revenue (ttm) | 1.82B |
| Net Income (ttm) | -255.99M |
| Shares Out | 283.93M |
| EPS (ttm) | -0.92 |
| PE Ratio | n/a |
| Forward PE | 42.92 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,024,124 |
| Open | 26.32 |
| Previous Close | 26.21 |
| Day's Range | 26.22 - 26.54 |
| 52-Week Range | 15.80 - 29.53 |
| Beta | 1.42 |
| Analysts | Buy |
| Price Target | 30.72 (+17.2%) |
| Est. Earnings Date | Nov 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...
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 StatementsAnalyst 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.
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...
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...
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...
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...
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...
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...
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...
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...
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.
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?
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 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)...
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?
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...
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...
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.
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...
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...
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 ...
Why Pure Storage Stock Rocketed Higher This Week
The specialist in enterprise data storage platforms reported an outstanding fiscal second quarter.
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...
Why Pure Storage Stock Soared 14.5% Today
Pure Storage beat earnings yesterday, sort of.
Pure Storage (PSTG) Q2 Earnings Beat Estimates, Shares Up
Pure Storage's (PSTG) fiscal second-quarter results reflect continued strength in subscription services' business.
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...
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?