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Pure Storage (PSTG) Competitors

Pure Storage logo
$49.77 -0.13 (-0.26%)
(As of 11/20/2024 ET)

PSTG vs. HPQ, HPE, STX, SMCI, LOGI, PAR, VYX, DBD, ATEN, and CRSR

Should you be buying Pure Storage stock or one of its competitors? The main competitors of Pure Storage include HP (HPQ), Hewlett Packard Enterprise (HPE), Seagate Technology (STX), Super Micro Computer (SMCI), Logitech International (LOGI), PAR Technology (PAR), NCR Voyix (VYX), Diebold Nixdorf (DBD), A10 Networks (ATEN), and Corsair Gaming (CRSR). These companies are all part of the "computer hardware" industry.

Pure Storage vs.

Pure Storage (NYSE:PSTG) and HP (NYSE:HPQ) are both large-cap computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, risk, dividends, media sentiment, valuation, profitability and community ranking.

Pure Storage has a beta of 1.1, indicating that its share price is 10% more volatile than the S&P 500. Comparatively, HP has a beta of 1.07, indicating that its share price is 7% more volatile than the S&P 500.

HP received 748 more outperform votes than Pure Storage when rated by MarketBeat users. However, 71.14% of users gave Pure Storage an outperform vote while only 60.75% of users gave HP an outperform vote.

CompanyUnderperformOutperform
Pure StorageOutperform Votes
752
71.14%
Underperform Votes
305
28.86%
HPOutperform Votes
1500
60.75%
Underperform Votes
969
39.25%

HP has a net margin of 5.33% compared to Pure Storage's net margin of 4.53%. Pure Storage's return on equity of 17.41% beat HP's return on equity.

Company Net Margins Return on Equity Return on Assets
Pure Storage4.53% 17.41% 6.33%
HP 5.33%-266.37%9.01%

In the previous week, Pure Storage had 1 more articles in the media than HP. MarketBeat recorded 25 mentions for Pure Storage and 24 mentions for HP. HP's average media sentiment score of 1.22 beat Pure Storage's score of 0.42 indicating that HP is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Pure Storage
5 Very Positive mention(s)
2 Positive mention(s)
12 Neutral mention(s)
4 Negative mention(s)
0 Very Negative mention(s)
Neutral
HP
17 Very Positive mention(s)
4 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Pure Storage currently has a consensus target price of $67.95, indicating a potential upside of 36.53%. HP has a consensus target price of $35.45, indicating a potential downside of 3.38%. Given Pure Storage's stronger consensus rating and higher probable upside, equities research analysts plainly believe Pure Storage is more favorable than HP.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Pure Storage
1 Sell rating(s)
7 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.59
HP
1 Sell rating(s)
7 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.18

HP has higher revenue and earnings than Pure Storage. HP is trading at a lower price-to-earnings ratio than Pure Storage, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Pure Storage$2.83B5.76$61.31M$0.40124.43
HP$53.72B0.66$3.26B$2.8512.88

83.4% of Pure Storage shares are held by institutional investors. Comparatively, 77.5% of HP shares are held by institutional investors. 6.0% of Pure Storage shares are held by insiders. Comparatively, 0.4% of HP shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

Pure Storage beats HP on 11 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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PSTG vs. The Competition

MetricPure StorageComputer storage devices IndustryComputer SectorNYSE Exchange
Market Cap$16.31B$16.88B$24.03B$19.87B
Dividend YieldN/A2.33%2.79%3.54%
P/E Ratio124.4342.29258.0042.87
Price / Sales5.762.943,499.7418.11
Price / Cash56.0749.7532.8517.86
Price / Book11.9111.997.405.52
Net Income$61.31M$108.60M$666.63M$986.45M
7 Day Performance-0.20%-6.20%-0.42%-0.22%
1 Month Performance-12.79%-11.78%0.53%0.12%
1 Year Performance34.04%19.51%17.64%23.71%

Pure Storage Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
PSTG
Pure Storage
4.8991 of 5 stars
$49.77
-0.3%
$67.95
+36.5%
+34.0%$16.35B$2.83B124.435,600Analyst Forecast
HPQ
HP
4.4366 of 5 stars
$36.70
-0.5%
$35.45
-3.4%
+31.1%$35.53B$53.32B12.8858,000Upcoming Earnings
Analyst Forecast
Positive News
HPE
Hewlett Packard Enterprise
4.7683 of 5 stars
$21.18
-1.6%
$22.21
+4.9%
+33.8%$27.51B$29.14B15.1362,000Upcoming Earnings
Analyst Upgrade
STX
Seagate Technology
4.6884 of 5 stars
$98.02
+0.2%
$118.83
+21.2%
+27.2%$20.69B$6.55B25.5930,000Positive News
SMCI
Super Micro Computer
4.8553 of 5 stars
$25.80
-8.7%
$66.89
+159.3%
-15.3%$15.81B$14.94B12.955,126Gap Down
LOGI
Logitech International
4.194 of 5 stars
$78.10
+0.2%
$93.00
+19.1%
-9.4%$12.35B$4.47B17.392,700Analyst Upgrade
PAR
PAR Technology
0.8478 of 5 stars
$76.06
+1.5%
$77.38
+1.7%
+99.1%$2.72B$415.82M0.001,841
VYX
NCR Voyix
2.2517 of 5 stars
$14.20
+1.7%
$16.43
+15.7%
-10.7%$2.04B$3.59B3.2915,500
DBD
Diebold Nixdorf
4.516 of 5 stars
$42.80
+2.0%
$57.50
+34.3%
+75.0%$1.61B$3.76B323.1021,000
ATEN
A10 Networks
4.3209 of 5 stars
$16.48
+0.5%
$20.00
+21.4%
+36.2%$1.22B$251.70M24.60525Ex-Dividend
CRSR
Corsair Gaming
4.2678 of 5 stars
$6.75
+2.4%
$9.14
+35.4%
-48.6%$706.73M$1.32B-7.502,387Short Interest ↓

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This page (NYSE:PSTG) was last updated on 11/21/2024 by MarketBeat.com Staff
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