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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$31.00 - $70.41
Previous Close$53.74
Volume2.15M
Average Volume (3M)3.10M
Market Cap
$17.61B
Enterprise Value$16.07B
Total Cash (Recent Filing)$1.82B
Total Debt (Recent Filing)$278.25M
Price to Earnings (P/E)132.5
Beta1.74
Next Earnings
Dec 03, 2024EPS Estimate
$0.41Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.41
Shares Outstanding327,691,894
10 Day Avg. Volume3,214,819
30 Day Avg. Volume3,098,427
Standard Deviation0.13
R-Squared0.19
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)11.24
Price to Sales (P/S)5.43
Price to Cash Flow (P/CF)18.00
P/FCF Ratio24.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.08
Enterprise Value/Gross Profit246.40
Enterprise Value/Ebitda81.15
Forecast
1Y Price Target
$64.89Price Target Upside18.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Pure Storage News
PremiumStock Analysis & Ideas
Oppenheimer Signals Buy on 2 Data Storage Stocks — Here’s Why They’re Bullish
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesManagement is making progress with a lead prospect in the Hyperscale market, moving into a testing and integration phase.
Market PositioningPure Storage is a leading provider of storage-as-a-service (STaaS) offerings, and will benefit from the industry shift to as-a-service platforms.
Strategic PartnershipsPure's strategic partnership with CoreWeave could result in sizable revenue contributions, helping Pure sustain or accelerate double-digit top-line growth.
Bears Say
Financial GuidanceManagement reduced FY25 Total Contract Value guidance for Subscription-as-a-Service due to tougher comparisons.
PartnershipsInvestors view the CoreWeave partnership as disappointing compared to partnerships with tier-1 hyperscalers.
Sales ChallengesIncreased scrutiny from large enterprises and longer sales cycles resulted in a lowered total contract value outlook.
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Ownership Overview
5.42% Insiders
28.70% Mutual Funds
15.61% Other Institutional Investors
29.96% 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 $31.00 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 Dec 03, 2024 which is in 6 days.
How were Pure Storage’s earnings last quarter?
Pure Storage released its earnings results on Aug 28, 2024. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.369 by $0.071.
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 $0.41.
How many shares outstanding does Pure Storage have?
Pure Storage has 327,691,900 shares outstanding.
What happened to Pure Storage’s price movement after its last earnings report?
Pure Storage reported an EPS of $0.44 in its last earnings report, beating expectations of $0.369. Following the earnings report the stock price went down -15.797%.
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:
$64.89 (18.85% Upside)
$64.89 (18.85% Upside)
Blogger Sentiment
Bullish
PSTG Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 2.2%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
45.40%
12-Months-Change
Fundamentals
Return on Equity
11.19%
Trailing 12-Months
Asset Growth
20.66%
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
Q2 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
$64.89
▲(18.85% Upside)
Technical Analysis
Best Analysts Covering PSTG
1 Year
1 Year Success Rate
23/30 ratings generated profit
1 Year Average Return
+28.04%
reiterated a buy rating 3 months ago
Copying Simon Leopold's trades and holding each position for 1 Year would result in 76.67% of your transactions generating a profit, with an average return of +28.04% per trade.
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