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Pure Storage Inc. (PSTG)
NYSE:PSTG
PSTG Stock Chart & Stats
$61.50
$0.78(1.24%)
At close: 4:00 PM EST
$61.50
$0.78(1.24%)
Day’s Range― - ―
52-Week Range$34.51 - $100.59
Previous CloseN/A
Volume783.61K
Average Volume (3M)3.72M
Market Cap
$20.31B
Enterprise Value$19.67B
Total Cash (Recent Filing)$1.55B
Total Debt (Recent Filing)$216.14M
Price to Earnings (P/E)117.7
Beta2.08
Next Earnings
Jun 03, 2026EPS Estimate
0.4Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.69
Shares Outstanding330,171,660
10 Day Avg. Volume3,705,722
30 Day Avg. Volume3,718,905
Financial Highlights & Ratios
PEG Ratio2.43
Price to Book (P/B)15.32
Price to Sales (P/S)6.05
P/FCF Ratio35.96
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue4.33
Enterprise Value/Gross Profit6.20
Enterprise Value/Ebitda42.83
Forecast
1Y Price Target
$91.50Price Target Upside48.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)2.31
Revenue Forecast (FY)$4.37B
Bulls Say, Bears Say
Bulls Say
Hyperscaler Revenue RampStronger-than-expected hyperscaler demand and elevated system shipments for large cloud customers should drive revenue upside and improve gross margins as those customers scale deployments.
Recurring Revenue ExpansionGrowing subscription, Storage-as-a-Service, and Evergreen offerings are lifting contracted recurring revenue and making overall revenue streams more predictable.
Strategic Acquisition And AI DifferentiationAcquisition of 1touch adds AI-driven data discovery and classification capabilities that can strengthen the Purity software suite and differentiate the enterprise data management platform for AI workloads.
Bears Say
Demand Visibility And Customer PullbackLimited sales pipeline visibility combined with reports of customers pulling back on shipments amid higher memory prices creates uncertainty around revenue timing and momentum.
Margin Risk From Contract Mix And InvestmentsShifting toward shipping full systems to hyperscalers, changes in contract structures, and higher spending on research and development and sales for enterprise AI expansion could weigh on near-term operating margins.
Rising Component And Memory Cost PressureSharp increases and ongoing volatility in component and NAND memory costs are squeezing product gross margins and may require further price moves that could hurt demand.
Pure Storage News
PSTG FAQ
What was Pure Storage Inc.’s price range in the past 12 months?
Pure Storage Inc. lowest stock price was $34.51 and its highest was $100.59 in the past 12 months.
What is Pure Storage Inc.’s market cap?
Pure Storage Inc.’s market cap is $20.31B.
When is Pure Storage Inc.’s upcoming earnings report date?
Pure Storage Inc.’s upcoming earnings report date is Jun 03, 2026 which is in 80 days.
How were Pure Storage Inc.’s earnings last quarter?
Pure Storage Inc. released its earnings results on Feb 25, 2026. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.645 by $0.045.
Is Pure Storage Inc. overvalued?
According to Wall Street analysts Pure Storage Inc.’s price is currently Undervalued.
Does Pure Storage Inc. pay dividends?
Pure Storage Inc. does not currently pay dividends.
What is Pure Storage Inc.’s EPS estimate?
Pure Storage Inc.’s EPS estimate is 0.4.
How many shares outstanding does Pure Storage Inc. have?
Pure Storage Inc. has 330,171,660 shares outstanding.
What happened to Pure Storage Inc.’s price movement after its last earnings report?
Pure Storage Inc. reported an EPS of $0.69 in its last earnings report, beating expectations of $0.645. Following the earnings report the stock price went down -10.305%.
Which hedge fund is a major shareholder of Pure Storage Inc.?
Currently, no hedge funds are holding shares in PSTG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Pure Storage Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$91.50 (48.78% Upside)
$91.50 (48.78% Upside)
Blogger Sentiment
Bullish
PSTG Sentiment 70%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 197.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $968.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.6%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
26.69%
12-Months-Change
Fundamentals
Return on Equity
13.91%
Trailing 12-Months
Asset Growth
17.92%
Trailing 12-Months
Company Description
Pure Storage Inc.
Everpure provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data-protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription, Pure as-a-Service, and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.
PSTG Company Deck
PSTG Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record quarterly revenue, broad-based product and subscription growth, improved margins, large-deal momentum, solid cash generation, industry-leading NPS, early traction for new EXA product and a strategic acquisition to broaden AI/data capabilities. The main risks are short-term: rapid component cost inflation, supply-chain volatility, temporary margin pressure (Q1), hyperscaler revenue timing uncertainty, and modest near-term dilution from the 1touch acquisition. Overall, the positives in growth, profitability and strategic positioning materially outweigh the near-term headwinds.View all PSTG earnings summariesPSTG Revenue Breakdown
71.61% U.S.
28.39% ROW
PSTG Stock 12 Month Forecast
Average Price Target
$91.50
▲(48.78% Upside)
Technical Analysis
Ownership Overview
5.64% Insiders
25.56% Mutual Funds
15.17% Other Institutional Investors
33.52% Public Companies and Individual Investors