Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Pure Storage's recent financial results have been disappointing, with lowered forecasts and a significant decline in stock price. However, the company's strong cash position, high cash flow, and expected future growth indicate that it may not be a complete disaster. While the stock may experience a period of stagnation, the underlying positive trends in data centers and AI suggest a slow recovery over time.

Consensus
Mixed
Valuation
Fair Value
BUY
Pure Storage

Excellent company. Would recommend buying. Has turned around. 

Technology
DON'T BUY
Pure Storage

They're either up or down. Their blow-out or die, and that's too difficult for him. 

Technology
BUY
Pure Storage
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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Technology
DON'T BUY
Pure Storage

He prefers Nvidia whose performance is consistent, but PSTG has been too hit-and-miss in terms of performance for him. Pass.

Technology
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Pure Storage(PSTG-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Pure Storage is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Pure Storage(PSTG-N) Frequently Asked Questions

What is Pure Storage stock symbol?

Pure Storage is a American stock, trading under the symbol PSTG-N on the New York Stock Exchange (PSTG). It is usually referred to as NYSE:PSTG or PSTG-N

Is Pure Storage a buy or a sell?

In the last year, 3 stock analysts published opinions about PSTG-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . 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 help on deciding if you should buy, sell or hold the stock.

Is Pure Storage worth watching?

3 stock analysts on Stockchase covered Pure Storage In the last year. It is a trending stock that is worth watching.

What is Pure Storage stock price?

On 2024-06-24, Pure Storage (PSTG-N) stock closed at a price of $62.83.