PSTG

Pure Storage, Inc. [PSTG] Stock Forecast

Q: What is Pure Storage, Inc. stock symbol ?

Pure Storage, Inc. is a US stock, located in Mountain view of Ca and trading under the symbol PSTG

Buy or Sell ? Support and Resistance

What is MACD and how to read it?

How RSI can help?

PSTG Stock Summary

Earnings have grown 26.26% per last year.

Earnings are expected to rise 98.17% next year

EPS has been increasing for the past 3 years (Yearly statements)

EPS has increased from the previous year and become positive (Yearly statements)

EPS has increased from the previous quarter and is now positive. (Quarter statements)

An RSI reading of 70 or higher indicates an overbought or overvalued condition.

Has a high level of debt. Debt-to-Equity ratio of 2.77 is considered high.

PSTG has less than 1 year of cash runway

Top PSTG Correlated Resources

PSTG

Top 10 Correlated ETFs

PSTG

Top 10 Correlated Stocks

PSTG

In the News

09:27 08 Jun 2023 PSTG

Pure Storage: Product Innovation Driving Growth With Profitability And Market Share Gains

Pure Storage's FlashBlade/E product has the potential to replace spinning disc storage with its cost and performance advantages, driving significant growth for the company. The company's partnership with NVIDIA and its AI-ready infrastructure could also contribute to growth in the coming years. Pure Storage's valuation remains attractive, with a projected 3-year CAGR in the low 20% range and a strong cash generation from its subscription business.

11:59 08 Jun 2023 PSTG

3 Storage Devices Stocks to Watch for in a Challenging Industry

Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, PSTG and TDC.

08:28 08 Jun 2023 PSTG

Why Pure Storage Stock Was Zooming Higher This Week

The niche tech solutions provider posted better-than-expected headline results for its latest reported quarter. This, despite notable drops in both revenue and profitability.

11:22 08 Jun 2023 PSTG

Why Pure Storage Stock Jumped Today

Pure Storage beat Wall Street's estimates for the first quarter. The company issued guidance that was ahead of analysts' expectations.

08:04 08 Jun 2023 PSTG

Pure Storage (PSTG) Q1 Earnings Beat, Revenues Fall Y/Y

Pure Storage's (PSTG) Q1 performance is affected by the softness in Product revenues and cautious IT spending.

11:38 08 Jun 2023 PSTG

Pure Storage, Inc. (PSTG) Q1 2024 Earnings Call Transcript

Pure Storage, Inc. (NYSE:PSTG ) Q1 2024 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Paul Ziots - Vice President-Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore ISI Meta Marshall - Morgan Stanley Tim Long - Barclays Pinjalim Bora - JPMorgan Wamsi Mohan - Bank of America Eddy Orabi - Cowen Sidney Ho - Deutsche Bank Jason Ader - William Blair Nehal Chokshi - Northland Capital Markets Tom Blakey - KeyBanc Capital Markets Simon Leopold - Raymond James David Vogt - UBS Eric Martinuzzi - Lake Street Operator Good day, and welcome to the Pure Storage First Quarter Fiscal Year 2024 Earnings Conference Call. Today's conference is being recorded.

07:32 08 Jun 2023 PSTG

Pure Storage (PSTG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Pure Storage (PSTG) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

06:47 08 Jun 2023 PSTG

Pure Storage (PSTG) Surpasses Q1 Earnings and Revenue Estimates

Pure Storage (PSTG) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.25 per share a year ago.

05:46 08 Jun 2023 PSTG

More and more data is going to need to be 'warm', says Pure Storage CEO Charlie Giancarlo

Charlie Giancarlo, Pure Storage chairman and CEO, joins 'Closing Bell Overtime' to discuss the company's Q1 beat, the A.I. boom, and why more 'warm' data will be needed in the near future.

05:32 08 Jun 2023 PSTG

Results, forecast lift Pure Storage stock after hours

Shares of data-storage software provider Pure Storage Inc. PSTG rallied after hours on Wednesday after the company reported first-quarter results that beat expectations and gave an upbeat financial outlook. The company reported a net loss of $67.4 million, or 22 cents a share, compared with $11.5 million, or 4 cents a share, in the same quarter last year.

PSTG Financial details

Company Rating

Strong Buy

Market Cap

10.52B

Income

73.07M

Revenue

2.75B

Book val./share

3.1

Cash/share

5.21

Dividend

Dividend %

Employees

5.1K

Optionable

Shortable

Yes

Earnings

29 Aug 2023

P/E

141.35

Forward P/E

PEG

-9.44

P/S

3.8

P/B

10.97

P/C

6.62

P/FCF

17.16

Quick Ratio

1.25

Current Ratio

1.41

Debt / Equity

2.77

LT Debt / Equity

0.15

EPS (TTM)

0.25

EPS next Y

EPS next Q

0.14

EPS this Y

-148%

EPS next Y

EPS next 5Y

16.75%

EPS last 5Y

NAN%

Revenue last 5Y

15.15%

Revenue Q/Q

19.84%

EPS Q/Q

-9715.38%

SMA20

47.83%

SMA50

36%

SMA100

30.77%

Inst Own

73.91%

Inst Trans

-15.08%

ROA

ROE

ROC

0.05%

Gross Margin

69%

Oper. Margin

Profit Margin

Payout

Shs Outstand

307.24M

Shs Float

287.38M

Target Price

39.33

52W Range

22.14-35.42

52W High

-1.46%

52W Low

+56.77%

RSI

Rel Volume

0.43

Avg Volume

5.18M

Volume

2.23M

Perf Week

0.7%

Perf Month

49.7%

Perf Quarter

25.33%

Perf Half Y

17.79%

Beta

1.21886

Volatility

0.32%, 4.92%

Prev Close

1.38%

Price

34.49

Change

-1.43%

PSTG Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-02-05

Metric	2019-01-31	2020-02-02	2021-01-31	2022-02-06	2023-02-05
Revenue per share	5.86	6.5	6.29	7.63	9.19
Net income per share	-0.77	-0.79	-1.05	-0.5	0.24
Operating cash flow per share	0.71	0.75	0.7	1.43	2.56
Free cash flow per share	0.28	0.37	0.35	1.08	2.03
Cash per share	5.16	5.14	4.68	4.94	5.28
Book value per share	3.18	3.28	2.8	2.64	3.14
Tangible book value per share	3.05	2.9	1.17	1.16	1.77
Share holders equity per share	3.18	3.28	2.8	2.64	3.14
Interest debt per share	1.94	2.47	3.51	3.33	2.52
Market cap	4.16B	4.49B	6.33B	7.56B	8.82B
Enterprise value	4.91B	4.72B	6.9B	8.01B	8.99B
P/E ratio	-23.3	-22.34	-22.45	-52.78	120.7
Price to sales ratio	3.06	2.73	3.76	3.47	3.2
POCF ratio	25.28	23.69	33.74	18.44	11.5
PFCF ratio	64.76	48.42	68.32	24.56	14.48
P/B Ratio	5.63	5.41	8.44	10.02	9.37
PTB ratio	5.63	5.41	8.44	10.02	9.37
EV to sales	3.61	2.87	4.1	3.67	3.26
Enterprise value over EBITDA	-46.12	-46.52	-53.51	-525.4	48.87
EV to operating cash flow	29.84	24.92	36.79	19.53	11.72
EV to free cash flow	76.46	50.95	74.49	26.02	14.76
Earnings yield	-0.04	-0.04	-0.04	-0.02	0.01
Free cash flow yield	0.02	0.02	0.01	0.04	0.07
Debt to equity	1.67	1.85	2.76	3.16	2.77
Debt to assets	0.63	0.65	0.73	0.76	0.73
Net debt to EBITDA	-7.06	-2.31	-4.43	-29.46	0.92
Current ratio	3.34	3.08	2.51	2.3	1.41
Interest coverage	0	-7.34	-7.33	-2.68	17.59
Income quality	-0.92	-0.94	-0.67	-2.86	10.5
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0.1	0.1	0.11	0.09	0.09
Research and developement to revenue	0.26	0.26	0.29	0.27	0.25
Intangibles to total assets	0.02	0.04	0.15	0.13	0.12
Capex to operating cash flow	-0.61	-0.51	-0.51	-0.25	-0.21
Capex to revenue	-0.07	-0.06	-0.06	-0.05	-0.06
Capex to depreciation	-1.41	-1.08	-1.36	-1.23	-1.57
Stock based compensation to revenue	0.15	0.14	0.14	0.13	0.12
Graham number	7.42	7.66	8.15	5.45	4.15
ROIC	-0.17	-0.13	-0.12	-0.05	0.03
Return on tangible assets	-0.09	-0.09	-0.12	-0.05	0.02
Graham Net	1.16	0.51	-1.67	-1.89	-1.79
Working capital	1.19B	1.28B	1.15B	1.24B	724.99M
Tangible asset value	706.67M	734.28M	314.62M	332.95M	530.58M
Net current asset value	466.58M	356.31M	-161.27M	-188.8M	-127.37M
Invested capital	0.61	0.72	1.21	1.21	0.8
Average receivables	310.87M	418.69M	459.76M	501.51M	577.32M
Average payables	93.94M	90.56M	72.59M	69.12M	68.91M
Average inventory	39.59M	41.6M	42.63M	42.84M	45.52M
Days sales outstanding	101.66	101.86	99.88	90.74	81.19
Days payables outstanding	82.54	55.59	46.05	36.43	28.63
Days of inventory on hand	35.65	27.57	31.87	20.07	22.22
Receivables turnover	3.59	3.58	3.65	4.02	4.5
Payables turnover	4.42	6.57	7.93	10.02	12.75
Inventory turnover	10.24	13.24	11.45	18.19	16.43
ROE	-0.24	-0.24	-0.38	-0.19	0.08
Capex per share	-0.43	-0.38	-0.35	-0.36	-0.53

Quarterly Fundamentals Overview

Last date of statement is 2023-02-05 for Q4

Metric	2022-02-06	2022-05-08	2022-08-07	2022-11-06	2023-02-05
Revenue per share	2.43	2.1	2.17	2.25	2.67
Net income per share	0.05	-0.04	0.04	0	0.25
Operating cash flow per share	0.47	0.74	0.54	0.51	0.77
Free cash flow per share	0.4	0.63	0.45	0.38	0.57
Cash per share	4.85	4.37	4.58	4.87	5.21
Book value per share	2.59	2.46	2.56	2.79	3.1
Tangible book value per share	1.14	1.05	1.15	1.41	1.75
Share holders equity per share	2.59	2.46	2.56	2.79	3.1
Interest debt per share	3.18	2.38	2.55	2.5	2.48
Market cap	7.71B	7.58B	8.88B	9.23B	8.94B
Enterprise value	8.16B	7.82B	8.99B	9.18B	9.11B
P/E ratio	128.93	-164.21	203.32	-2.93K	30.02
Price to sales ratio	10.88	12.21	13.73	13.65	11.04
POCF ratio	55.74	34.42	55.73	59.63	38.37
PFCF ratio	65.77	40.45	66.19	80.37	51.75
P/B Ratio	10.22	10.42	11.67	10.98	9.5
PTB ratio	10.22	10.42	11.67	10.98	9.5
EV to sales	11.51	12.61	13.9	13.58	11.25
Enterprise value over EBITDA	153.25	432.3	234.98	263.44	98.24
EV to operating cash flow	58.99	35.54	56.39	59.35	39.1
EV to free cash flow	69.6	41.76	66.98	79.99	52.73
Earnings yield	0	0	0	0	0.01
Free cash flow yield	0.02	0.02	0.02	0.01	0.02
Debt to equity	3.16	2.89	3.01	2.87	2.77
Debt to assets	0.76	0.74	0.75	0.74	0.73
Net debt to EBITDA	8.44	13.61	2.75	-1.26	1.83
Current ratio	2.3	2.16	1.32	1.36	1.41
Interest coverage	2.99	-3.08	14.35	8.18	56.21
Income quality	9.25	-19.08	14.59	-196.56	3.13
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0.07	0.08	0.09	0.1	0.08
Research and developement to revenue	0.23	0.26	0.26	0.27	0.23
Intangibles to total assets	0.13	0.15	0.14	0.13	0.12
Capex to operating cash flow	-0.15	-0.15	-0.16	-0.26	-0.26
Capex to revenue	-0.03	-0.05	-0.04	-0.06	-0.07
Capex to depreciation	-0.89	-1.45	-1.05	-1.55	-2.14
Stock based compensation to revenue	0.11	0.12	0.13	0.13	0.1
Graham number	1.73	1.47	1.45	0.41	4.14
ROIC	0.01	0	0.01	0	0.03
Return on tangible assets	0.01	0	0	0	0.02
Graham Net	-1.86	-1.79	-2.01	-1.96	-1.77
Working capital	1.24B	1.01B	495.7M	585.51M	724.99M
Tangible asset value	332.95M	309.76M	342.39M	425.7M	530.58M
Net current asset value	-188.8M	-226.65M	-267.5M	-203.64M	-127.37M
Invested capital	1.21	0.96	1	0.89	0.8
Average receivables	448.16M	444.04M	373.97M	418.81M	524.05M
Average payables	59.71M	64.69M	61.34M	83.44M	85M
Average inventory	41.49M	40.12M	46.78M	56.81M	56.73M
Days sales outstanding	68.86	50.18	55.94	57.99	68.04
Days payables outstanding	27.34	27.22	28.35	44.15	24.27
Days of inventory on hand	15.06	19.16	23.15	26.33	18.84
Receivables turnover	1.31	1.79	1.61	1.55	1.32
Payables turnover	3.29	3.31	3.17	2.04	3.71
Inventory turnover	5.98	4.7	3.89	3.42	4.78
ROE	0.02	-0.02	0.01	0	0.08
Capex per share	-0.07	-0.11	-0.08	-0.13	-0.2

PSTG Frequently Asked Questions

What is Pure Storage, Inc. stock symbol ?

Pure Storage, Inc. is a US stock , located in Mountain view of Ca and trading under the symbol PSTG

Is Pure Storage, Inc. buy or a sell ?

11 stock analysts have 11 predictions with a medium analyst target price of $40.18. The lowest prediction is $34 and the highest is $50

What is PSTG stock prediction ?

What is Pure Storage, Inc. stock quote today ?

Pure Storage, Inc. stock price is $34.49 today.

Is Pure Storage, Inc. stock public?

Yes, Pure Storage, Inc. is a publicly traded company.

Something similar

Top by Market Cap

Company Profile

Volume Average 5.18M
Market Capitalization 10.52B
Employee 5.1K
CEO Mr. Charles H. Giancarlo
Headquarters Mountain View,CA,US
IPO Date 2015-10-07
Website https://www.purestorage.com

Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data-protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription, Pure as-a-Service, and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company 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 Mountain View, California.