Chief Analyst & CEO, NAND Research. In its fiscal Q4 2024 earnings release, Pure Storage exceeded revenue and operating profit guidance, demonstrating strong financial performance and market demand for its products and services.US$2.83b
Pure Storage (NYSE:PSTG) Full Year 2024 Results
Revenue: US$2.83b (up 2.8% from FY 2023). Net income: US$61.3m (down 16% from FY 2023). Profit margin: 2.2% (down from 2.7% in FY 2023). EPS: US$0.20 (down from US$0.24 in FY 2023).The ownership structure of Pure Storage (PSTG) stock is a mix of institutional, retail and individual investors. Approximately 69.24% of the company's stock is owned by Institutional Investors, 11.44% is owned by Insiders and 19.31% is owned by Public Companies and Individual Investors.
Who are the competitors of Pure Storage : Top Competitors and Alternatives of Pure Storage
The top three of Pure Storage's competitors in the Storage Infrastructure category are Google Cloud Storage with 93.03%, Amazon Elastic Block Store (Amazon EBS) with 1.43%, DigitalOcean with 1.39% market share.
Is Pure Storage a good investment
What do analysts say about Pure Storage Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.
How is Pure Storage doing : 1Pure Storage Announces Fourth Quarter and Full Year Fiscal 2022 Financial ResultsQ4 revenue grew 41% year-over-yearSubscription Services ARR $849million, up 31% year-over-yearDoubled growth of annual operating cash flow, exceeding $400millionMOUNTAIN VIEW, Calif.
Pure Storage has a market cap or net worth of $19.14 billion as of May 17, 2024. Its market cap has increased by 170.92% in one year.
Like a number of other unicorns, Pure Storage's later funding rounds have drawn investors who more typically operate in the public equity market.
Is Pure Storage overvalued
Compared to the current market price of 54.41 USD, Pure Storage Inc is Overvalued by 25%.PSTG Stock 12 Month Forecast
Based on 19 Wall Street analysts offering 12 month price targets for Pure Storage in the last 3 months. The average price target is $56.21 with a high forecast of $67.00 and a low forecast of $44.00. The average price target represents a -6.55% change from the last price of $60.15.Price to Value Only NetApp FabricPool automatically balances and optimizes your production all-flash capacity with efficient cloud storage. Pure's inefficient approach to data placement requires separate storage arrays and can't leverage cost-effective HDD storage media.
The highest analyst price target is $66.00 ,the lowest forecast is $44.00. The average price target represents 12.43% Increase from the current price of $49.46. Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.
What is the long term forecast for Pure Storage : PSTG boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 9.2% year-over-year for 2025, while Wall Street anticipates its top line to improve by 10.5%.
Why is Pure Storage the best : Pure provides built-in data replication and space-efficient, immutable snapshots, providing protection against human error and malicious intent. With Safemode™ enabled, ransomware can't eradicate, modify, or encrypt snapshots, even with admin credentials.
What is unique about Pure Storage
One of the most unique aspects of Pure Storage is its AI-driven management and support platform, Pure1. This platform uses machine learning and AI to analyze more than a trillion telemetry data points per day, providing actionable insights and predictive analytics.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.03 to $1.55 per share. PSTG boasts an average earnings surprise of 38.6%. With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PSTG should be on investors' short list.
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Antwort Is Pure Storage a profitable company? Weitere Antworten – Does Pure Storage make a profit
Chief Analyst & CEO, NAND Research. In its fiscal Q4 2024 earnings release, Pure Storage exceeded revenue and operating profit guidance, demonstrating strong financial performance and market demand for its products and services.US$2.83b
Pure Storage (NYSE:PSTG) Full Year 2024 Results
Revenue: US$2.83b (up 2.8% from FY 2023). Net income: US$61.3m (down 16% from FY 2023). Profit margin: 2.2% (down from 2.7% in FY 2023). EPS: US$0.20 (down from US$0.24 in FY 2023).The ownership structure of Pure Storage (PSTG) stock is a mix of institutional, retail and individual investors. Approximately 69.24% of the company's stock is owned by Institutional Investors, 11.44% is owned by Insiders and 19.31% is owned by Public Companies and Individual Investors.
Who are the competitors of Pure Storage : Top Competitors and Alternatives of Pure Storage
The top three of Pure Storage's competitors in the Storage Infrastructure category are Google Cloud Storage with 93.03%, Amazon Elastic Block Store (Amazon EBS) with 1.43%, DigitalOcean with 1.39% market share.
Is Pure Storage a good investment
What do analysts say about Pure Storage Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.
How is Pure Storage doing : 1Pure Storage Announces Fourth Quarter and Full Year Fiscal 2022 Financial ResultsQ4 revenue grew 41% year-over-yearSubscription Services ARR $849million, up 31% year-over-yearDoubled growth of annual operating cash flow, exceeding $400millionMOUNTAIN VIEW, Calif.
Pure Storage has a market cap or net worth of $19.14 billion as of May 17, 2024. Its market cap has increased by 170.92% in one year.
Like a number of other unicorns, Pure Storage's later funding rounds have drawn investors who more typically operate in the public equity market.
Is Pure Storage overvalued
Compared to the current market price of 54.41 USD, Pure Storage Inc is Overvalued by 25%.PSTG Stock 12 Month Forecast
Based on 19 Wall Street analysts offering 12 month price targets for Pure Storage in the last 3 months. The average price target is $56.21 with a high forecast of $67.00 and a low forecast of $44.00. The average price target represents a -6.55% change from the last price of $60.15.Price to Value Only NetApp FabricPool automatically balances and optimizes your production all-flash capacity with efficient cloud storage. Pure's inefficient approach to data placement requires separate storage arrays and can't leverage cost-effective HDD storage media.
The highest analyst price target is $66.00 ,the lowest forecast is $44.00. The average price target represents 12.43% Increase from the current price of $49.46. Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.
What is the long term forecast for Pure Storage : PSTG boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 9.2% year-over-year for 2025, while Wall Street anticipates its top line to improve by 10.5%.
Why is Pure Storage the best : Pure provides built-in data replication and space-efficient, immutable snapshots, providing protection against human error and malicious intent. With Safemode™ enabled, ransomware can't eradicate, modify, or encrypt snapshots, even with admin credentials.
What is unique about Pure Storage
One of the most unique aspects of Pure Storage is its AI-driven management and support platform, Pure1. This platform uses machine learning and AI to analyze more than a trillion telemetry data points per day, providing actionable insights and predictive analytics.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.03 to $1.55 per share. PSTG boasts an average earnings surprise of 38.6%. With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PSTG should be on investors' short list.