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Pure Storage (PSTG)
NYSE:PSTG
Pure Storage (PSTG) Stock Price & Analysis
2,207 Followers
PSTG Stock Chart & Stats
Day’s Range$51.2 - $52.78
52-Week Range― - ―
Previous Close$52.32
Volume2.11M
Average Volume (3M)N/A
Market Cap
$16.84B
Enterprise ValueN/A
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)N/A
BetaN/A
Next Earnings
May 29, 2024EPS Estimate
$0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding324,910,308
10 Day Avg. Volume2,999,856
30 Day Avg. Volume3,471,212
Standard Deviation0.14
R-Squared0.20
Alpha0.00996
Financial Highlights & Ratios
Price to Book (P/B)19.78
Price to Sales (P/S)6.01
Price to Cash Flow (P/CF)17.70
P/FCF Ratio21.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$55.61Price Target Upside7.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
Pure Storage News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company's total Remaining Performance Obligations (RPO) balance saw a substantial year-over-year increase, suggesting a healthy future revenue stream.
Market Share And DemandPure Storage has persistently gained market share from competitors with its differentiated direct-to-flash storage offering, indicating a strong competitive position in the market.
Product DevelopmentPure Storage's product roadmap includes scaling to 300TB DFMs by 2026, with targets reaching petabyte-scale, showcasing ambitious growth and technological advancements in storage solutions.
Bears Say
Business Model ShiftThe transition towards a subscription-based model may have short term negative impacts on product revenue, as earnings are spread over several quarters.
Financial PerformanceA 4% revenue headwind is expected for Pure Storage, indicating potential challenges in maintaining growth.
Strategic ConcernsThe decrease in purchase commitments for less than one year suggests a reduction in near-term production or cost expectations, potentially impacting the company's cost management.
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Ownership Overview
11.46% Insiders
29.64% Mutual Funds
18.45% Other Institutional Investors
40.46% 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?
Currently, no data Available
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 May 29, 2024 which is in 40 days.
How were Pure Storage’s earnings last quarter?
Pure Storage released its earnings results on Feb 28, 2024. The company reported $0.5 earnings per share for the quarter, beating the consensus estimate of $0.436 by $0.064.
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 $0.21.
How many shares outstanding does Pure Storage have?
Currently, no data Available
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 $0.436. Following the earnings report the stock price went up 25%.
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 196M.
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Pure Storage Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$55.61 (7.31% Upside)
$55.61 (7.31% Upside)
Blogger Sentiment
Bullish
PSTG Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $17.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.1%
Last 30 Days ▼ 2.8%
Last 30 Days ▼ 2.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
101.46%
12-Months-Change
Fundamentals
Return on Equity
5.55%
Trailing 12-Months
Asset Growth
3.17%
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
Q4 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 Months Forecast
Average Price Target
$55.61
▲(7.31% Upside)
Technical Analysis
Best Analysts Covering PSTG
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+34.09%
reiterated a buy rating 18 days ago
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