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Pure Storage (PSTG)
NYSE:PSTG
Holding PSTG?
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PSTG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$34.32 - $70.41
Previous Close$63.7
Volume3.38M
Average Volume (3M)3.03M
Market Cap
$20.78B
Enterprise Value$19.43B
Total Cash (Recent Filing)$1.65B
Total Debt (Recent Filing)$294.33M
Price to Earnings (P/E)167.9
Beta1.85
Next Earnings
Feb 26, 2025EPS Estimate
$0.42Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.38
Shares Outstanding326,236,972
10 Day Avg. Volume4,793,199
30 Day Avg. Volume3,034,162
Standard Deviation0.13
R-Squared0.21
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)14.74
Price to Sales (P/S)6.75
Price to Cash Flow (P/CF)53.60
P/FCF Ratio147.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.41
Enterprise Value/Gross Profit297.91
Enterprise Value/Ebitda99.24
Forecast
1Y Price Target
$71.21Price Target Upside6.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Pure Storage News
Bulls Say, Bears Say
Bulls Say
Competitive AdvantagePure Storage is a leading provider of software-defined all-flash data storage solutions for the enterprise, with a competitive advantage shaped by its patent-protected innovations.
Earnings And Financial PerformancePure Storage delivered a robust quarter with Q3 results landing above expectations, with revenue reported at $831M surpassing the consensus of $815M.
Hyperscale Design WinA design win and a multi-year agreement with a top four hyperscaler were achieved, though the customer's name was not disclosed.
Bears Say
Financial PerformanceProduct gross margins continue to decline due to traction with lower-margin products like FB//E, FA//E, and FA//C.
Investment RiskNecessary investments to integrate PSTG’s technology with hyperscalers' hardware specifications can be a headwind to margins.
Market EnvironmentThe near-term demand environment continues to be challenging for PSTG, with increased activity of customers opting for CapEx purchases instead of as-a-service.
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Ownership Overview
5.41% Insiders
28.01% Mutual Funds
15.80% Other Institutional Investors
30.17% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PSTG FAQ
What was Pure Storage’s price range in the past 12 months?
Pure Storage lowest stock price was $34.32 and its highest was $70.41 in the past 12 months.
What is Pure Storage’s market cap?
Currently, no data Available
When is Pure Storage’s upcoming earnings report date?
Pure Storage’s upcoming earnings report date is Feb 26, 2025 which is in 67 days.
How were Pure Storage’s earnings last quarter?
Pure Storage released its earnings results on Dec 03, 2024. The company reported $0.5 earnings per share for the quarter, beating the consensus estimate of $0.414 by $0.086.
Is Pure Storage overvalued?
According to Wall Street analysts Pure Storage’s price is currently Undervalued.
Does Pure Storage pay dividends?
Pure Storage does not currently pay dividends.
What is Pure Storage’s EPS estimate?
Pure Storage’s EPS estimate is $0.42.
How many shares outstanding does Pure Storage have?
Pure Storage has 326,236,970 shares outstanding.
What happened to Pure Storage’s price movement after its last earnings report?
Pure Storage reported an EPS of $0.5 in its last earnings report, beating expectations of $0.414. Following the earnings report the stock price went up 22.058%.
Which hedge fund is a major shareholder of Pure Storage?
Among the largest hedge funds holding Pure Storage’s share is Woodline Partners LP. It holds Pure Storage’s shares valued at 32M.
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Pure Storage Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$71.21 (6.92% Upside)
$71.21 (6.92% Upside)
Blogger Sentiment
Bullish
PSTG Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 7.1%
Last 30 Days ▲ 7.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
85.82%
12-Months-Change
Fundamentals
Return on Equity
10.14%
Trailing 12-Months
Asset Growth
14.87%
Trailing 12-Months
Company Description
Pure Storage
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
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PSTG Company Deck
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PSTG Earnings Call
Q3 2024
0:00 / 0:00
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PSTG Revenue Breakdown
71.61% U.S.
28.39% ROW
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PSTG Stock 12 Month Forecast
Average Price Target
$71.21
▲(6.92% Upside)
Technical Analysis
Best Analysts Covering PSTG
1 Year
1 Year Success Rate
23/28 ratings generated profit
1 Year Average Return
+31.34%
reiterated a buy rating 7 months ago
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