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NYSE:PSTG
Pure Storage (PSTG)
Financials 
Technical Analysis 
Jun 15, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Pure Storage (PSTG-N) has been gaining attention among investors, but there are concerns regarding its high price-to-earnings (PE) ratio. The current valuation suggests that the stock is trading at a premium compared to its earnings, making some experts wary, especially in a climate where interest rates may rise. Higher interest rates could put additional pressure on growth stocks like Pure Storage, potentially leading to a correction in its stock price. This situation prompts a cautious approach for investors considering entry points, as the market dynamics may not favor high PE stocks in the near future. Overall, while the company has strong growth prospects, the financial metrics raise red flags for some investors.
EPS of 50c beat estimates of 40c, and sales of $763M were inline. However, forecasts were lowered, with 4Q sales guidance at $782M vs prior estimates of $924M. Operating margin forecast 19% vs 21.1%. The company has seen headwins on large orders and the results were quite disappointing as some peers reported much stronger results. One very large order ($41M) was pushed out to January. With the stock decline (worst in four years) the P/E is now 23X. It has $1.1B net cash. Even with reduced guidance, growth is still expected to be 15% next year. Cash flow remains high with strong free cash flow conversion ($454M in 12 months). While disappointing for sure, not a complete disaster. The stock might flat line for a while, but the underlying trends (data centres, AI) remain positive. Insiders still own $600M in stock. We would expect a slow recovery here over time.
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Pure Storage (PSTG) Frequently Asked Questions
What is Pure Storage stock symbol?
Pure Storage is a American stock, trading under the symbol PSTG (previously PSTG-N on Stockchase) on the New York Stock Exchange (PSTG). It is usually referred to as NYSE:PSTG or PSTG
Is Pure Storage a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on PSTG (previously PSTG-N on Stockchase). 0 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for Pure Storage.
Is Pure Storage a good investment or a top pick?
Pure Storage was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Pure Storage.
Why is Pure Storage stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Pure Storage.
Is Pure Storage worth watching?
Pure Storage is followed by 19 investors on Stockchase and is a trending stock that is worth watching.
What is Pure Storage stock price?
On 2026-06-12, Pure Storage (PSTG) stock closed at a price of $72.31.
Trades at a very high PE and we could higher interest rates.