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Pure Storage (PSTG)
NYSE:PSTG
Pure Storage (PSTG) Stock Price & Analysis
2,308 Followers
PSTG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.00 - $68.75
Previous Close$64.94
Volume3.04M
Average Volume (3M)3.57M
Market Cap
$21.11B
Enterprise Value$21.03B
Total Cash (Recent Filing)$82.98M
Total Debt (Recent Filing)$4.00M
Price to Earnings (P/E)233.0
Beta1.23
Next Earnings
Aug 28, 2024EPS Estimate
$0.37Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.28
Shares Outstanding324,910,308
10 Day Avg. Volume6,183,129
30 Day Avg. Volume3,574,683
Standard Deviation0.13
R-Squared0.18
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)24.10
Price to Sales (P/S)7.45
Price to Cash Flow (P/CF)21.60
P/FCF Ratio26.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.16
Enterprise Value/Gross Profit10.41
Enterprise Value/Ebitda186.26
Forecast
1Y Price Target
$71.82Price Target Upside10.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
Pure Storage News
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesManagement was bullish on its growth opportunity ahead (hyperscaler, AI inferencing, enterprise storage modernization).
Product StrengthThe company highlighted traction around its FlashBlade solutions, including FlashBlade//E, showing product strength.
Revenue PerformanceQ1 saw Pure Storage revenue grow 18%, a nice recovery versus the prior quarter's decline.
Bears Say
Cost ManagementThe decrease in purchase commitments for less than one year suggests a reduction in near-term production or cost expectations, which could pose risks to the company's cost management.
Revenue ExpectationsConsensus expectations for Q2 revenue might be difficult to achieve due to a high bar set by previous performance.
Subscription OfferingsSubscription sales came in lighter than expected with fewer large deals.
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Ownership Overview
11.44% Insiders
30.31% Mutual Funds
39.67% Other Institutional Investors
18.58% 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 $68.75 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 Aug 28, 2024 which is in 80 days.
How were Pure Storage’s earnings last quarter?
Pure Storage released its earnings results on May 29, 2024. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.11.
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 $0.37.
How many shares outstanding does Pure Storage have?
Pure Storage has 325,095,030 shares outstanding.
What happened to Pure Storage’s price movement after its last earnings report?
Pure Storage reported an EPS of $0.32 in its last earnings report, beating expectations of $0.21. Following the earnings report the stock price went up 0.397%.
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 141M.
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Pure Storage Stock Smart Score
Neutral
1
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Analyst Consensus
Strong Buy
Average Price Target:
$71.82 (10.59% Upside)
$71.82 (10.59% Upside)
Blogger Sentiment
Bullish
PSTG Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 3.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $15.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.4%
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
90.88%
12-Months-Change
Fundamentals
Return on Equity
8.22%
Trailing 12-Months
Asset Growth
22.45%
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
Q1 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
$71.82
▲(10.59% Upside)
Technical Analysis
Best Analysts Covering PSTG
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+37.52%
reiterated a buy rating 11 days ago
Copying Amit Daryanani's trades and holding each position for 1 Year would result in 82.35% of your transactions generating a profit, with an average return of +37.52% per trade.
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