Pure Storage Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 21/34 in the Computers, Phones & Household Electronics industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 94.53.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Pure Storage Inc's Score
Industry at a Glance
Industry Ranking
21 / 34
Overall Ranking
222 / 4592
Industry
Computers, Phones & Household Electronics
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
21
analysts
Buy
Current Rating
94.533
Target Price
+33.07%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Pure Storage Inc Highlights
StrengthsRisks
Pure Storage, Inc. is a data management and storage company. The Company is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data at scale and across any data workloads in on premises, cloud and hosted environments and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include Evergreen Architecture, FlashArray, and FlashBlade. Its cloud-native storage includes Portworx by Pure Storage, Portworx Data Services, Cloud Block Store, Evergreen//One, and Evergreen//Flex. Its Pure Software includes Purity, Pure1, and Pure Fusion. Its Pure1 is a cloud-based data storage management plane, brings the convenience of cloud storage to on premises storage. The Company sells its products and subscription services using a direct sales force and its channel partners.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 15.06% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 3.17B.
Overvalued
The company’s latest PB is 16.71, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 287.07M shares, decreasing 3.49% quarter-over-quarter.
Pure Storage, Inc. is a data management and storage company. The Company is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data at scale and across any data workloads in on premises, cloud and hosted environments and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include Evergreen Architecture, FlashArray, and FlashBlade. Its cloud-native storage includes Portworx by Pure Storage, Portworx Data Services, Cloud Block Store, Evergreen//One, and Evergreen//Flex. Its Pure Software includes Purity, Pure1, and Pure Fusion. Its Pure1 is a cloud-based data storage management plane, brings the convenience of cloud storage to on premises storage. The Company sells its products and subscription services using a direct sales force and its channel partners.
Ticker SymbolPSTG
CompanyPure Storage Inc
CEOGiancarlo (Charles H)
Websitehttps://www.purestorage.com/
FAQs
What is the current price of Pure Storage Inc (PSTG)?
The current price of Pure Storage Inc (PSTG) is 69.570.
What is the symbol of Pure Storage Inc?
The ticker symbol of Pure Storage Inc is PSTG.
What is the 52-week high of Pure Storage Inc?
The 52-week high of Pure Storage Inc is 100.590.
What is the 52-week low of Pure Storage Inc?
The 52-week low of Pure Storage Inc is 34.510.
What is the market capitalization of Pure Storage Inc?
The market capitalization of Pure Storage Inc is 22.86B.
What is the net income of Pure Storage Inc?
The net income of Pure Storage Inc is 106.74M.
Is Pure Storage Inc (PSTG) currently rated as Buy, Hold, or Sell?
According to analysts, Pure Storage Inc (PSTG) has an overall rating of Buy, with a price target of 94.533.
What is the Earnings Per Share (EPS TTM) of Pure Storage Inc (PSTG)?
The Earnings Per Share (EPS TTM) of Pure Storage Inc (PSTG) is 0.398.