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Pure Storage Inc (PSTG)

NYSE
Currency in USD
Disclaimer
53.16
+0.65(+1.24%)
Closed
Pre Market
53.17+0.01(+0.02%)
PSTG Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
52.0653.30
52 wk Range
31.0070.41
Prev. Close
53.16
Open
52.52
Day's Range
52.06-53.3
52 wk Range
31-70.41
Volume
2,079,181
Average Volume (3m)
2,948,794
1-Year Change
47.3%
Book Value / Share
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Fair Value
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Fair Value Upside
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PSTG Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
64.12
Upside
+20.62%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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InvestingPro Research for Pure Storage Inc


AI-Driven Growth
Pure Storage's all-flash solutions position it as a potential winner in the shift towards AI-driven datacenter builds, offering lower TCO and higher performance
Market Share Dynamics
Explore Pure Storage's competitive landscape as it faces pressure from established players and emerging competitors in the all-flash storage market
STaaS Transition
Delve into Pure Storage's shift to a Storage-as-a-Service model, presenting opportunities for predictable revenue streams but posing challenges in execution
Financial Outlook
Analysts project 11% revenue growth for FY25 and FY26, with an average price target of $61.86, ranging from $47 to $79 across various financial institutions

Pure Storage Inc Company Profile

Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It 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 Santa Clara, California.

Compare PSTG to Peers and Sector

Metrics to compare
PSTG
Peers
Sector
Relationship
P/E Ratio
127.6x−1.2x11.5x
PEG Ratio
0.010.130.01
Price/Book
12.0x1.1x2.4x
Price / LTM Sales
5.8x1.0x2.2x
Upside (Analyst Target)
21.3%44.6%21.0%
Fair Value Upside
Unlock−1.0%4.4%Unlock

FAQ

What Is the Pure Storage Inc (PSTG) Stock Price Today?

The Pure Storage Inc stock price today is 53.16.

What Stock Exchange Does Pure Storage Inc Trade On?

Pure Storage Inc is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Pure Storage Inc?

The stock symbol for Pure Storage Inc is "PSTG."

What Is the Pure Storage Inc Market Cap?

As of today, Pure Storage Inc market cap is 17.42B.

What is Pure Storage Inc Earnings Per Share?

The Pure Storage Inc EPS is 0.426.

What Is the Next Pure Storage Inc Earnings Date?

Pure Storage Inc will release its next earnings report on 26 Nov 2024.
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