Pure Storage (PSTG-N)
NYSE:PSTG
47.84
1.38
(2.97%) 1d
Financials
Technical Analysis
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This summary was created by AI, based on 2 opinions in the last 12 months.
Pure Storage has garnered mixed reviews from experts, with some highlighting its effective execution in the market but noting that its stock price has experienced significant appreciation recently. One expert emphasizes the company's excellent performance and suggests that it is a good time to invest, citing a turnaround in its operations. This dual perspective indicates that while the company is performing well and gaining traction, there may be concerns about whether the current price reflects its true value. Overall, the sentiment leans towards optimism, with a recognition of potential caution due to the stock's recent run-up. Investors are encouraged to consider these factors carefully before making a decision.
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-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
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, 2 stock analysts published opinions about PSTG-N. 1 analyst recommended to BUY the stock. 0 analysts 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?
2 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 2025-05-02, Pure Storage (PSTG-N) stock closed at a price of $47.84.
It executes well, but has run up.