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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$49.8
Volume2.31M
Average Volume (3M)3.09M
Market Cap
$16.32B
Enterprise Value$14.78B
Total Cash (Recent Filing)$1.82B
Total Debt (Recent Filing)$278.25M
Price to Earnings (P/E)122.8
Beta1.48
Next Earnings
Nov 27, 2024EPS Estimate
$0.41Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.41
Shares Outstanding327,691,894
10 Day Avg. Volume2,773,733
30 Day Avg. Volume3,090,439
Standard Deviation0.13
R-Squared0.19
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)11.12
Price to Sales (P/S)5.42
Price to Cash Flow (P/CF)18.00
P/FCF Ratio24.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.51
Enterprise Value/Gross Profit226.60
Enterprise Value/Ebitda74.63
Forecast
1Y Price Target
$64.53Price Target Upside30.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Pure Storage News
Bulls Say, Bears Say
Bulls Say
AI OpportunitiesPure Storage sees AI opportunities in high-performance data storage, specialized storage for inference, and enterprise storage upgrades.
Customer DemandCustomer demand remains elevated as they switch cost-sensitive workloads to all-flash.
Hyperscaler DealManagement is making progress with a lead prospect in the Hyperscale market, moving into a testing and integration phase.
Bears Say
Market SharePure's market share of the all-flash storage market has declined roughly 80 basis points to 14.5% over the past six months.
Revenue ExpectationsRevenue expectations have declined 1% for both FY25 and FY26 despite an 83% increase in share price year-to-date.
Sales CyclesIncreased scrutiny from large enterprises and longer sales cycles resulted in a lowered total contract value outlook.
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Ownership Overview
11.45% Insiders
28.94% Mutual Funds
37.90% Other Institutional Investors
21.71% 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 68 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 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:
$64.53 (30.95% Upside)
$64.53 (30.95% 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 $2.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.9%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
37.37%
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
$64.53
▲(30.95% Upside)
Technical Analysis
Best Analysts Covering PSTG
1 Year
1 Year Success Rate
21/28 ratings generated profit
1 Year Average Return
+29.32%
reiterated a buy rating 4 months ago
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