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NYSE:PSTG

Pure Storage (PSTG) Stock Price, News & Analysis

Pure Storage logo
$65.14 -2.66 (-3.92%)
Closing price 02/21/2025 03:59 PM Eastern
Extended Trading
$65.03 -0.11 (-0.17%)
As of 02/21/2025 07:56 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Pure Storage Stock (NYSE:PSTG)

Key Stats

Today's Range
$64.63
$69.34
50-Day Range
$61.43
$72.44
52-Week Range
$40.32
$73.67
Volume
2.74 million shs
Average Volume
2.04 million shs
Market Capitalization
$21.25 billion
P/E Ratio
171.43
Dividend Yield
N/A
Price Target
$72.95
Consensus Rating
Moderate Buy

Company Overview

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 Stock Analysis - MarketRank™

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90th Percentile Overall Score

PSTG MarketRank™: 

Pure Storage scored higher than 90% of companies evaluated by MarketBeat, and ranked 100th out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Pure Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 15 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Pure Storage has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Pure Storage's stock forecast and price target.
  • Earnings Growth

    Earnings for Pure Storage are expected to grow by 61.36% in the coming year, from $0.44 to $0.71 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Pure Storage is 171.43, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.62.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Pure Storage is 171.43, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 46.63.

  • Price to Earnings Growth Ratio

    Pure Storage has a PEG Ratio of 5.12. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Pure Storage has a P/B Ratio of 15.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Pure Storage's valuation and earnings.
  • Percentage of Shares Shorted

    3.81% of the outstanding shares of Pure Storage have been sold short.
  • Short Interest Ratio / Days to Cover

    Pure Storage has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in Pure Storage has recently decreased by 2.44%, indicating that investor sentiment is improving.
  • Dividend Yield

    Pure Storage does not currently pay a dividend.

  • Dividend Growth

    Pure Storage does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.81% of the outstanding shares of Pure Storage have been sold short.
  • Short Interest Ratio / Days to Cover

    Pure Storage has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in Pure Storage has recently decreased by 2.44%, indicating that investor sentiment is improving.
  • News Sentiment

    Pure Storage has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Pure Storage this week, compared to 12 articles on an average week.
  • Search Interest

    34 people have searched for PSTG on MarketBeat in the last 30 days. This is an increase of 62% compared to the previous 30 days.
  • MarketBeat Follows

    Only 17 people have added Pure Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -26% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Pure Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,871,746.00 in company stock.

  • Percentage Held by Insiders

    Only 6.00% of the stock of Pure Storage is held by insiders.

  • Percentage Held by Institutions

    83.42% of the stock of Pure Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Pure Storage's insider trading history.
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PSTG Stock News Headlines

Pure Storage price target raised to $80 from $75 at Citi
Wells Fargo Reaffirms Their Buy Rating on Pure Storage (PSTG)
$5,000 DOGE check?
Elon Musk's DOGE agenda just took a very surprising turn... Earlier this week, reports emerged that a portion of the savings DOGE makes in Federal cuts could be funneled back to taxpayers. The media was quick to dub it a DOGE Dividend, with claims circulating that we could all receive a $5,000 check in the mail.
Pure Storage unveils an updated Reseller Partner Program
See More Headlines

PSTG Stock Analysis - Frequently Asked Questions

Pure Storage's stock was trading at $61.43 at the beginning of 2025. Since then, PSTG shares have increased by 6.0% and is now trading at $65.14.
View the best growth stocks for 2025 here
.

Pure Storage, Inc. (NYSE:PSTG) announced its earnings results on Tuesday, November, 23rd. The technology company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.10. The company's revenue for the quarter was up 37.1% compared to the same quarter last year.

Pure Storage subsidiaries include Portworx, Compuverde, StorReduce, Portworx Inc., Pure Crowns Sweden Holding AB, Pure Storage Australia Pty Ltd, Pure Storage Austria GmbH, and more.

Pure Storage's top institutional investors include Vanguard Group Inc. (10.25%), T. Rowe Price Investment Management Inc. (2.21%), Geode Capital Management LLC (2.07%) and Champlain Investment Partners LLC (1.82%). Insiders that own company stock include John Colgrove, P Kevan Krysler, Ajay Singh, Scott Dietzen, Dan Fitzsimons, Mona Chu, John Francis Murphy, Mallun Yen, Gregory Tomb, Andrew William Fraser Brown and Roxanne Taylor.
View institutional ownership trends
.

Shares of PSTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Pure Storage investors own include CRISPR Therapeutics (CRSP), Opendoor Technologies (OPEN), NVIDIA (NVDA), Meta Platforms (META), Chevron (CVX), Bristol-Myers Squibb (BMY) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
11/23/2021
Today
2/22/2025
Next Earnings (Estimated)
2/26/2025
Fiscal Year End
1/31/2026

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Hardware
Employees
5,600
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$72.95
High Stock Price Target
$93.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

Net Income
$61.31 million
Pretax Margin
5.34%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$0.82 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
306,663,000
Market Cap
$21.25 billion
Optionable
Optionable
Beta
1.09

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This page (NYSE:PSTG) was last updated on 2/22/2025 by MarketBeat.com Staff
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