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Pure Storage, Inc.NYSE:PSTG Stock Report

Market Cap US$30.8b
Share Price
US$93.79
My Fair Value
US$89.39
4.9% overvalued intrinsic discount
1Y73.5%
7D2.1%
Portfolio Value
​
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Pure Storage, Inc.

NYSE:PSTG Stock Report

Market Cap: US$30.8b

Pure Storage (PSTG) Stock Overview

Provides data storage and management technologies, products, and services in the United States and internationally. More details

PSTG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance3/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 9% below our estimate of its fair value

Earnings are forecast to grow 33.87% per year

Earnings grew by 2.3% over the past year

Risk Analysis

Significant insider selling over the past 3 months


PSTG Community Fair Values

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See what 167 others think this stock is worth. Follow their fair value or set your own to get alerts.

PSTG logo
Pure Storage

Expanding Data Cloud Solutions Will Strengthen Market Presence Amid Rising Demand

Key Takeaways Accelerating adoption of Pure's data cloud and subscription offerings positions the company for long-term growth, improved revenue predictability, and higher gross margins. Strategic hyperscaler partnerships and success in high-performance hardware enhance premium pricing power, create new revenue streams, and drive share gains in demanding enterprise segments.
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US$89.39
FV
4.9% overvalued intrinsic discount
15.46%
Revenue growth p.a.
0users have liked this narrative
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97users have followed this narrative
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Pure Storage

AI Data Growth And Hyperscaler Wins Will Drive Cloud Expansion

Key Takeaways Expansion into hyperscaler partnerships and subscription services is expected to accelerate recurring revenue and drive long-term operating leverage and margin improvement. Innovations in energy-efficient, flash-based storage and unified management position the company to capitalize on AI-driven data growth and stricter ESG requirements, enhancing market share.
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US$89.34
FV
5.0% overvalued intrinsic discount
14.93%
Revenue growth p.a.
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4users have followed this narrative
PSTG logo
Pure Storage

Fusion V2 And DirectFlash Will Transform Data Storage

Key Takeaways Integration of Fusion v2 and collaborations expand market reach, promising long-term earnings growth and improved margins through technological enhancements. New product launches and AI collaborations boost attractiveness, potentially increasing revenue and client base by offering innovative, high-capacity solutions.
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US$51.88
FV
80.8% overvalued intrinsic discount
10.02%
Revenue growth p.a.
0users have liked this narrative
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0users have followed this narrative
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Pure Storage, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pure Storage
Historical stock prices
Current Share PriceUS$93.79
52 Week HighUS$96.08
52 Week LowUS$34.51
Beta1.22
1 Month Change13.82%
3 Month Change57.90%
1 Year Change73.52%
3 Year Change207.51%
5 Year Change482.55%
Change since IPO485.82%

Recent News & Updates

Pure Storage: Rating Downgrade As Valuation Has Gotten Expensive

Oct 01

Recent updates

Pure Storage: Rating Downgrade As Valuation Has Gotten Expensive

Oct 01

Is Pure Storage (NYSE:PSTG) Using Too Much Debt?

Jul 03
Is Pure Storage (NYSE:PSTG) Using Too Much Debt?

Pure Storage, Inc.'s (NYSE:PSTG) P/S Is Still On The Mark Following 29% Share Price Bounce

May 04
Pure Storage, Inc.'s (NYSE:PSTG) P/S Is Still On The Mark Following 29% Share Price Bounce

Pure Storage: Pricing Pressure Pushes To Sidelines

Apr 29

Pure Storage, Inc. (NYSE:PSTG) Shares Slammed 28% But Getting In Cheap Might Be Difficult Regardless

Mar 07
Pure Storage, Inc. (NYSE:PSTG) Shares Slammed 28% But Getting In Cheap Might Be Difficult Regardless

Seizing Opportunities: Why Pure Storage Is An Intelligent Buy For 2025 And Beyond

Mar 05

Investors Will Want Pure Storage's (NYSE:PSTG) Growth In ROCE To Persist

Feb 18
Investors Will Want Pure Storage's (NYSE:PSTG) Growth In ROCE To Persist

We Ran A Stock Scan For Earnings Growth And Pure Storage (NYSE:PSTG) Passed With Ease

Jan 19
We Ran A Stock Scan For Earnings Growth And Pure Storage (NYSE:PSTG) Passed With Ease

Pure Storage: Seeing Upside Into Fiscal 2026 Guidance

Jan 18

Pure Storage: Well Positioned To Win Deals In An Expanded TAM

Jan 10

Pure Storage, Inc.'s (NYSE:PSTG) P/S Is Still On The Mark Following 29% Share Price Bounce

Dec 21
Pure Storage, Inc.'s (NYSE:PSTG) P/S Is Still On The Mark Following 29% Share Price Bounce

Flash Forward: Investing In Pure Storage After Its Strategic Hyperscaler Breakthrough

Dec 15

Pure Storage Earnings: Hyperscaler Deal Isn't Enough For 36x Forward FCF

Dec 04

Returns Are Gaining Momentum At Pure Storage (NYSE:PSTG)

Nov 01
Returns Are Gaining Momentum At Pure Storage (NYSE:PSTG)

Pure Storage Is A Trailblazing Storage Vendor, And Its Stock Valuation Reflects That

Oct 06

Pure Storage's Stock: Evaluating The Buy Opportunity's Post-Earnings Dip

Sep 25

Pure Storage: The Dip Provides A Better Entry Point

Sep 18
User avatar

Fusion AI And Green Tech Propel Storage Giant Towards Market Leadership

Pure Storage's focus on AI and collaboration with NVIDIA, along with innovative storage solutions, positions it for market share growth in high-margin areas.

Pure Storage: Market Share Gains And AI Opportunities Make This A Substantial Opportunity

Jul 12

Pure Storage: Cash Heavy, But Future Uncertain, I'm Neutral (Downgrade)

Jul 02

Pure Storage: Strike While The Iron Is Hot

May 30

Shareholder Returns

PSTGUS TechUS Market
7D2.1%4.1%2.0%
1Y73.5%14.7%17.9%

Return vs Industry: PSTG exceeded the US Tech industry which returned 14.7% over the past year.

Return vs Market: PSTG exceeded the US Market which returned 17.9% over the past year.

Price Volatility

Is PSTG's price volatile compared to industry and market?
PSTG volatility
PSTG Average Weekly Movement10.5%
Tech Industry Average Movement8.5%
Market Average Movement6.5%
10% most volatile stocks in US Market17.4%
10% least volatile stocks in US Market3.0%

Stable Share Price: PSTG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PSTG's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20096,000Charlie Giancarlowww.purestorage.com

Pure Storage, Inc. provides data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S, FlashBlade//E, and FlashBlade//EXA for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery.

Pure Storage, Inc. Fundamentals Summary

How do Pure Storage's earnings and revenue compare to its market cap?
PSTG fundamental statistics
Market capUS$30.82b
Earnings (TTM)US$139.20m
Revenue (TTM)US$3.35b
221.4x
P/E Ratio
9.2x
P/S Ratio

Is PSTG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PSTG income statement (TTM)
RevenueUS$3.35b
Cost of RevenueUS$1.03b
Gross ProfitUS$2.32b
Other ExpensesUS$2.18b
EarningsUS$139.20m

Last Reported Earnings

Aug 03, 2025

Next Earnings Date

Nov 26, 2025

Earnings per share (EPS)0.42
Gross Margin69.18%
Net Profit Margin4.15%
Debt/Equity Ratio0%

How did PSTG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/26 22:41
End of Day Share Price 2025/10/24 00:00
Earnings2025/08/03
Annual Earnings2025/02/02

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pure Storage, Inc. is covered by 38 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jayson NolandBaird
Timothy LongBarclays
Timothy LongBMO Capital Markets Equity Research