Pure Storage Inc (PSTG)

NYSE
Currency in USD
64.73
+0.47(+0.73%)
Closed
Pre Market
63.01-1.72(-2.66%)
PSTG Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
62.4164.96
52 wk Range
35.3570.41
Key Statistics
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Prev. Close
64.73
Open
63.47
Day's Range
62.41-64.96
52 wk Range
35.35-70.41
Volume
3.86M
Average Volume (3m)
3M
1-Year Change
76.81%
Book Value / Share
4.3
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
71.78
Upside
+10.90%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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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.

Pure Storage Inc SWOT Analysis


AI Storage Revolution
Explore Pure Storage's strategic positioning in the AI-driven datacenter market, poised to capitalize on the shift from HDDs to flash-based solutions
Financial Crossroads
Delve into Pure Storage's financial performance, balancing strong historical growth with projections of deceleration and an average analyst price target of $61.75
STaaS Transformation
Learn about Pure Storage's transition to a Storage-as-a-Service model, promising stable revenue streams but facing challenges in subscription adoption
Competitive Landscape
Analyze Pure Storage's market share dynamics in the face of intensifying competition from established players and emerging vendors in the all-flash storage market
Read full SWOT analysis

Pure Storage Inc Earnings Call Summary for Q3/2025

  • Revenue up 9% YoY to $831M; FY2025 guidance raised to $3.15B despite muted IT spending
  • Strong gross margin at 71.9%; operating profit $167M with 20.1% margin; $1.6B in cash and investments
  • New hyperscaler design win; focus on energy-efficient storage solutions for data centers
  • Temporary shift from Evergreen One model to traditional sales for hyperscaler opportunities
  • Stock dipped 0.26% after-hours; company faces challenges from economic uncertainties and competition
Last Updated: 12/04/2024, 07:14 AM
Read Full Transcript

Compare PSTG to Peers and Sector

Metrics to compare
PSTG
Peers
Sector
Relationship
P/E Ratio
162.8x−1.8x11.4x
PEG Ratio
2.330.010.01
Price/Book
15.0x0.7x2.4x
Price / LTM Sales
6.9x0.7x2.1x
Upside (Analyst Target)
15.9%34.3%26.6%
Fair Value Upside
Unlock5.0%6.1%Unlock

Analyst Ratings

15 Buy
6 Hold
1 Sell
Ratings:
21 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 71.78

(+10.90% Upside)

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FAQ

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

The Pure Storage Inc stock price today is 64.73

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 21.12B.

What is Pure Storage Inc Earnings Per Share?

The Pure Storage Inc EPS is 0.401.

What Is the Next Pure Storage Inc Earnings Date?

Pure Storage Inc will release its next earnings report on Feb 25, 2025.

From a Technical Analysis Perspective, Is PSTG a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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