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Pure Storage (PSTG)
NYSE:PSTG
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PSTG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.00 - $70.41
Previous Close$51.29
Volume5.35M
Average Volume (3M)3.09M
Market Cap
$16.68B
Enterprise Value$15.22B
Total Cash (Recent Filing)$1.72B
Total Debt (Recent Filing)$265.53M
Price to Earnings (P/E)127.7
Beta1.41
Next Earnings
Nov 27, 2024EPS Estimate
$0.41Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.40
Shares Outstanding325,234,458
10 Day Avg. Volume3,695,344
30 Day Avg. Volume3,090,805
Standard Deviation0.13
R-Squared0.19
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)16.96
Price to Sales (P/S)5.68
Price to Cash Flow (P/CF)18.80
P/FCF Ratio23.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.95
Enterprise Value/Gross Profit7.53
Enterprise Value/Ebitda125.61
Forecast
1Y Price Target
$64.81Price Target Upside26.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Pure Storage News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceF2Q revenue and EPS exceeded both internal and Street estimates.
Market SharePSTG market share within North America All-Flash market has increased from 19% in 2020 to 26% in 2023.
Strategic PartnershipsManagement is making progress with a lead prospect in the Hyperscale market, moving into a testing and integration phase.
Bears Say
Financial ForecastRevenue expectations have declined 1% for both FY25 and FY26 despite an 83% increase in share price year-to-date.
Market CompetitionCompetitors' flash offerings, including NetApp's C-series and HP's Alletra, are expected to pick up market share, causing Pure's share to plateau around 15%.
Sales PerformanceIncreased scrutiny from large enterprises and longer sales cycles resulted in a lowered total contract value outlook.
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Ownership Overview
11.57% Insiders
29.20% Mutual Funds
38.11% Other Institutional Investors
21.12% 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 Nov 27, 2024 which is in 81 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 325,234,470 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 Atreides Management, LP. It holds Pure Storage’s shares valued at 99M.
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Pure Storage Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$64.81 (26.36% Upside)
$64.81 (26.36% Upside)
Blogger Sentiment
Bullish
PSTG Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.8%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
40.59%
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
$64.81
▲(26.36% Upside)
Technical Analysis
Best Analysts Covering PSTG
1 Year
1 Year Success Rate
21/28 ratings generated profit
1 Year Average Return
+29.44%
reiterated a buy rating 3 months ago
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