Pure Storage Stock Today
| PSTG Stock | USD 49.72 1.23 2.41% |
Performance0 of 100
| Odds Of DistressLess than 7
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Pure Storage is trading at 49.72 as of the 5th of November 2024. This is a 2.41 percent decrease since the beginning of the trading day. The stock's lowest day price was 49.53. Pure Storage has only a 7 % chance of going through financial distress over the next few years, but has generated negative returns over 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 9th of May 2024 and ending today, the 5th of November 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 327.69 M outstanding shares of which 8.9 M shares are at this time shorted by private and institutional investors with about 3.26 trading days to cover. More on Pure Storage
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Pure Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Charles Giancarlo | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Technology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, NYSE Composite, ISE Cloud Computing, SP Midcap 400, Disruptive Technologies, Driverless Cars, Artificial Intelligence, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology, Cloud Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsPure Storage can leverage 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.
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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 16.7 B. Pure Storage conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 327.69 M outstanding shares of which 8.9 M shares are at this time shorted by private and institutional investors with about 3.26 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.
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Ownership AllocationPure Storage owns a total of 327.69 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. Please note that no matter how many 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.
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Pure Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Amvescap Plc. | 2024-06-30 | 4.8 M | |
| Bank Of New York Mellon Corp | 2024-06-30 | 3.7 M | |
| Polar Capital Holdings Plc | 2024-06-30 | 3.4 M | |
| Bnp Paribas Investment Partners Sa | 2024-06-30 | 3.3 M | |
| Renaissance Technologies Corp | 2024-06-30 | 3.2 M | |
| Norges Bank | 2024-06-30 | 3.1 M | |
| First Trust Advisors L.p. | 2024-06-30 | 2.8 M | |
| Ubs Asset Mgmt Americas Inc | 2024-06-30 | 2.8 M | |
| Wellington Management Company Llp | 2024-06-30 | 2.4 M | |
| Fmr Inc | 2024-06-30 | 48.8 M | |
| Blackrock Inc | 2024-06-30 | 33.4 M |
Pure Storage Historical Income Statement
Pure Stock Against Markets
Pure Storage Corporate Directors
| Anita Sands | Independent Director | Profile | |
| Jeffrey Rothschild | Independent Director | Profile | |
| John Colgrove | Founder, Chief Technology Officer, Director | Profile | |
| Mark Garrett | Independent Director | Profile |
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 closely tied 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Technology Hardware, Storage & Peripherals space 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 0.43 | Revenue Per Share 9.4 | Quarterly Revenue Growth 0.109 | Return On Assets 0.0267 |
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.