Pure Storage Stock Today

PSTG Stock  USD 50.51  1.05  2.12%   

Performance

7 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 6

 
High
 
Low
Low
Pure Storage is trading at 50.51 as of the 23rd of April 2024. This is a 2.12 percent increase since the beginning of the trading day. The stock's lowest day price was 48.9. Pure Storage has only a 6 % chance of going through financial distress over the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Pure Storage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
7th of October 2015
Category
Technology
Classification
Information Technology
Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California. Pure Storage operates under Computer Hardware classification in the United States and is traded on New York Stock Exchange. The company has 324.91 M outstanding shares of which 8.2 M shares are at this time shorted by private and institutional investors with about 1.7 trading days to cover. More on Pure Storage

Moving together with Pure Stock

  0.77FLEX Flex Financial Report 8th of May 2024 PairCorr
  0.79BDC Belden Inc Financial Report 1st of May 2024 PairCorr

Moving against Pure Stock

  0.8UI Ubiquiti Networks Financial Report 3rd of May 2024 PairCorr
  0.75MEI Methode Electronics Financial Report 27th of June 2024 PairCorr
  0.63EXTR Extreme Networks Financial Report 24th of April 2024 PairCorr
  0.56IMTE Integrated Media Tec Report 26th of April 2024 PairCorr

Pure Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Pure Storage's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Pure Storage or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanCharles Giancarlo
Thematic Ideas
(View all Themes)
Business ConcentrationTechnology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, NYSE Composite, SP Midcap 400, ISE Cloud Computing, Driverless Cars, Artificial Intelligence, Disruptive Technologies, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology, Cloud Computing (View all Sectors)
Average Analyst Recommendation
Analysts covering Pure Storage report their recommendations after researching Pure Storage's financial statements, talking to executives and customers, or listening in on Pure Storage's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Pure Storage. The Pure consensus assessment is calculated by taking the average forecast from all of the analysts covering Pure Storage.
Financial Strength
Based on the measurements of operating efficiency obtained from Pure Storage's historical financial statements, Pure Storage may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Pure Storage is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.60.7743
Significantly Down
Pretty Stable
Gross Profit Margin0.680.714
Notably Down
Slightly volatile
Total Current Liabilities689.8 M1.4 B
Way Down
Slightly volatile
Non Current Liabilities Total758.4 MB
Way Down
Slightly volatile
Total Assets2.1 B3.7 B
Way Down
Slightly volatile
Total Current Assets1.6 B2.4 B
Way Down
Slightly volatile
Pure Storage's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Pure Storage's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Pure Storage's financial leverage. It provides some insight into what part of Pure Storage's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Pure Storage's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Pure Storage deploys its capital and how much of that capital is borrowed.
Liquidity
Pure Storage cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 272.25 M in liabilities with Debt to Equity (D/E) ratio of 1.0, which is about average as compared to similar companies. Pure Storage has a current ratio of 1.3, suggesting that it may have difficulties to pay its financial obligations when due. Debt can assist Pure Storage until it has trouble settling it off, either with new capital or with free cash flow. So, Pure Storage's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pure Storage sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pure to invest in growth at high rates of return. When we think about Pure Storage's use of debt, we should always consider it together with cash and equity.

Change In Cash

64.82 Million
Pure Storage (PSTG) is traded on New York Stock Exchange in USA. It is located in 2555 Augustine Drive, Santa Clara, CA, United States, 95054 and employs 5,600 people. Pure Storage is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 16.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Pure Storage's market, we take the total number of its shares issued and multiply it by Pure Storage's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Pure Storage conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 324.91 M outstanding shares of which 8.2 M shares are at this time shorted by private and institutional investors with about 1.7 trading days to cover. Pure Storage currently holds about 1.36 B in cash with 677.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.56.
Check Pure Storage Probability Of Bankruptcy
Ownership Allocation
Pure Storage has a total of 324.91 Million outstanding shares. The majority of Pure Storage outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Pure Storage to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Pure Storage. Please pay attention to any change in the institutional holdings of Pure Storage as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Pure Ownership Details

Pure Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Pure Storage jumping above the current price in 90 days from now is about 32.76%. The Pure Storage probability density function shows the probability of Pure Storage stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.7065 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Pure Storage will likely underperform. Additionally, pure Storage has an alpha of 0.3192, implying that it can generate a 0.32 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 50.51HorizonTargetOdds Above 50.51
67.12%90 days
 50.51 
32.76%
Based on a normal probability distribution, the odds of Pure Storage to move above the current price in 90 days from now is about 32.76 (This Pure Storage probability density function shows the probability of Pure Stock to fall within a particular range of prices over 90 days) .

Pure Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Pure Storage that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Pure Storage's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Pure Storage's value.
InstituionRecorded OnShares
Geode Capital Management, Llc2023-12-31
4.4 M
Citadel Advisors Llc2023-09-30
4.3 M
Acadian Asset Management Llc2023-12-31
4.3 M
First Trust Advisors L.p.2023-12-31
M
Holocene Advisors, Lp2023-09-30
3.4 M
Two Sigma Advisers, Llc2023-12-31
3.4 M
Norges Bank2023-12-31
3.2 M
Goldman Sachs Group Inc2023-12-31
M
Polar Capital Holdings Plc2023-12-31
M
Fmr Inc2023-12-31
46.8 M
Vanguard Group Inc2023-12-31
31.3 M
View Pure Storage Diagnostics

Pure Storage Historical Income Statement

Pure Storage Income Statement is one of the three primary financial statements used for reporting Pure's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Pure Storage revenue and expense. Pure Storage Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Pure Storage's EBIT is most likely to increase significantly in the upcoming years. The Pure Storage's current EBITDA is estimated to increase to about 222.2 M, while Selling General Administrative is projected to decrease to roughly 145.7 M. View More Fundamentals

Pure Stock Against Markets

Picking the right benchmark for Pure Storage stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Pure Storage stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Pure Storage is critical whether you are bullish or bearish towards Pure Storage at a given time. Please also check how Pure Storage's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pure Storage without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Performance Analysis Now

   

Performance Analysis

Check effects of mean-variance optimization against your current asset allocation
All  Next Launch Module

Pure Storage Corporate Directors

Pure Storage corporate directors refer to members of a Pure Storage board of directors. The board of directors generally takes responsibility for the Pure Storage's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Pure Storage's board members must vote for the resolution. The Pure Storage board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Anita SandsIndependent DirectorProfile
Mike SpeiserDirectorProfile
Jeffrey RothschildIndependent DirectorProfile
John ColgroveFounder, Chief Technology Officer, DirectorProfile

How to buy Pure Stock?

Before investing in Pure Storage, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Pure Storage. To buy Pure Storage stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Pure Storage. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Pure Storage stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Pure Storage stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Pure Storage stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Pure Storage, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Pure Stock please use our How to Invest in Pure Storage guide.

Already Invested in Pure Storage?

The danger of trading Pure Storage is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Pure Storage is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Pure Storage. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Pure Storage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Pure Storage is a strong investment it is important to analyze Pure Storage's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pure Storage's future performance. For an informed investment choice regarding Pure Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Pure Stock please use our How to Invest in Pure Storage guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Pure Stock analysis

When running Pure Storage's price analysis, check to measure Pure Storage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pure Storage is operating at the current time. Most of Pure Storage's value examination focuses on studying past and present price action to predict the probability of Pure Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Storage's price. Additionally, you may evaluate how the addition of Pure Storage to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Equity Valuation
Check real value of public entities based on technical and fundamental data
Is Pure Storage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pure Storage. If investors know Pure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pure Storage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
0.19
Revenue Per Share
9.077
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0151
The market value of Pure Storage is measured differently than its book value, which is the value of Pure that is recorded on the company's balance sheet. Investors also form their own opinion of Pure Storage's value that differs from its market value or its book value, called intrinsic value, which is Pure Storage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pure Storage's market value can be influenced by many factors that don't directly affect Pure Storage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pure Storage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pure Storage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pure Storage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.