Pure Storage Stock Today

PSTG
 Stock
  

USD 29.75  0.71  2.33%   

Market Performance
2 of 100
Odds Of Distress
Less than 5
Pure Storage is trading at 29.75 as of the 28th of November 2022, a -2.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 29.7. Pure Storage has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat weak 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 8th of December 2020 and ending today, the 28th of November 2022. Click here to learn more.
CUSIP
74624M102
Fiscal Year End
January
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 289.95 M outstanding shares of which 22.03 M shares are at this time shorted by private and institutional investors with about 6.43 trading days to cover. More on Pure Storage

Moving together with Pure Storage

+0.77HPQHp Inc Potential GrowthPairCorr
+0.85NTAPNetApp Inc Earnings Call  TomorrowPairCorr
+0.87WFCWells Fargo Fiscal Year End 13th of January 2023 PairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Pure Storage 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.
The company reported the previous year's revenue of 2.54 B. Net Loss for the year was (14.4 M) with profit before overhead, payroll, taxes, and interest of 1.47 B.
Pure Storage has a poor financial position based on the latest SEC disclosures
Over 85.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Heres Why America Movil Stock is a Solid Bet Now - Nasdaq
ChairmanCharles Giancarlo
Thematic Ideas
Showing 3 out of 4 themes
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 Storage consensus assessment is calculated by taking the average forecast from all of the analysts covering Pure Storage.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Pure Storage based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Pure Storage financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted291.4 M285.9 M
Fairly Up
Increasing
Slightly volatile
Weighted Average Shares291.4 M285.9 M
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations314.6 M410.1 M
Way Down
Increasing
Slightly volatile
Current Liabilities901.6 M952.3 M
Notably Down
Increasing
Slightly volatile
Total Liabilities2.3 B2.4 B
Fairly Down
Increasing
Slightly volatile
Gross Margin71.4467.5205
Notably Up
Increasing
Very volatile
Asset Turnover0.720.7206
Slightly Down
Decreasing
Slightly volatile
Current Assets2.2 B2.2 B
Fairly Down
Increasing
Slightly volatile
Total Assets3.1 B3.1 B
Slightly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Pure Storage's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Pure Storage (PSTG) is traded on New York Stock Exchange in USA and employs 4,600 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 8.88 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 these looking for more risk prefer small-cap and mid-cap equities. Pure Storage conducts business under Technology sector and is part of Computer Hardware industry. The entity has 289.95 M outstanding shares of which 22.03 M shares are at this time shorted by private and institutional investors with about 6.43 trading days to cover. Pure Storage currently holds about 1.36 B in cash with 644.8 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
Pure Storage owns a total of two hundred eighty-nine million nine hundred fifty thousand 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 about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Pure Storage Ownership Details

Pure Storage Stock Price Odds Analysis

What are Pure Storage's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Pure Storage jumping above the current price in 90 days from now is about 33.45%. 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 Pure Storage has a beta of 0.9825 indicating Pure Storage market returns are highly-sensitive to returns on the market. As the market goes up or down, Pure Storage is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Pure Storage is significantly underperforming DOW.
  Odds Below 29.75HorizonTargetOdds Above 29.75
66.34%90 days
 29.75 
33.45%
Based on a normal probability distribution, the odds of Pure Storage to move above the current price in 90 days from now is about 33.45 (This Pure Storage probability density function shows the probability of Pure Storage Stock to fall within a particular range of prices over 90 days) .

Pure Storage 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.
InstituionSecurity TypeTotal SharesValue
Zweigdimenna Associates LlcCommon Shares190 K3.2 M
Zweigdimenna Associates LlcCommon Shares420.5 K6.8 M
Zurcher Kantonalbank Zurich CantonalbankDebt550 K620 K
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 Storage'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.
Pure Storage Gross Profit is projected to increase significantly based on the last few years of reporting. The past year's Gross Profit was at 245.2 Million View More Fundamentals

Pure Storage 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.

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 Aroon Oscillator Now

   

Aroon Oscillator

Analyze current equity momentum using Aroon Oscillator and other momentum ratios
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.
Roxanne Taylor - Independent DirectorProfile
Anita Sands - Independent DirectorProfile
Mike Speiser - DirectorProfile
Jeffrey Rothschild - Independent DirectorProfile

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 Shape 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.
Please check Your Equity Center. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for analysis

When running Pure Storage 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 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.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
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 Storage 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.
Market Capitalization
9.1 B
Quarterly Revenue Growth YOY
0.3
Return On Assets
0.0046
Return On Equity
(0.0197) 
The market value of Pure Storage is measured differently than its book value, which is the value of Pure Storage 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 Pure Storage value 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.