Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. More Details
Adequate balance sheet with concerning outlook.
Share Price & News
How has Pure Storage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSTG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PSTG's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PSTG underperformed the US Tech industry which returned 55% over the past year.
Return vs Market: PSTG exceeded the US Market which returned 19.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Pure Storage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHave Insiders Sold Pure Storage, Inc. (NYSE:PSTG) Shares Recently?
1 month ago | Simply Wall StPure Storage, Inc. (NYSE:PSTG) Analysts Are Pretty Bullish On The Stock After Recent Results
2 months ago | Simply Wall StHow Much Is Pure Storage, Inc. (NYSE:PSTG) CEO Getting Paid?
Is Pure Storage undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PSTG ($22.64) is trading above our estimate of fair value ($3.48)
Significantly Below Fair Value: PSTG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PSTG is unprofitable, so we can't compare its PE Ratio to the US Tech industry average.
PE vs Market: PSTG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PSTG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PSTG is overvalued based on its PB Ratio (8.4x) compared to the US Tech industry average (2.5x).
How is Pure Storage forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSTG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PSTG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PSTG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PSTG's revenue (15% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: PSTG's revenue (15% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSTG's Return on Equity is forecast to be low in 3 years time (13.6%).
How has Pure Storage performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSTG is currently unprofitable.
Growing Profit Margin: PSTG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PSTG is unprofitable, but has reduced losses over the past 5 years at a rate of 2.4% per year.
Accelerating Growth: Unable to compare PSTG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PSTG is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-13.1%).
Return on Equity
High ROE: PSTG has a negative Return on Equity (-31.89%), as it is currently unprofitable.
How is Pure Storage's financial position?
Financial Position Analysis
Short Term Liabilities: PSTG's short term assets ($1.7B) exceed its short term liabilities ($659.5M).
Long Term Liabilities: PSTG's short term assets ($1.7B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: PSTG's debt to equity ratio (101.8%) is considered high.
Reducing Debt: Insufficient data to determine if PSTG's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PSTG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PSTG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 63% per year.
What is Pure Storage current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PSTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PSTG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PSTG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PSTG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PSTG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Charlie Giancarlo (62 yo)
Mr. Charles H. Giancarlo, also known as Charlie, has been Chief Executive Officer and Director of Pure Storage, Inc. since August 22, 2017 and is also its Chairman since September 2018. Mr. Giancarlo serve...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD8.73M) is above average for companies of similar size in the US market ($USD6.20M).
Compensation vs Earnings: Charlie's compensation has increased whilst the company is unprofitable.
|Chairman & CEO||3.42yrs||US$8.73m||0.36% |
|Chief Financial Officer||1.08yrs||US$8.28m||0.14% |
|Chief Operating Officer||1.17yrs||US$9.67m||0.14% |
|Vice Chair & President Emeritus||1.17yrs||US$3.80m||0.26% |
|Founder & Advisor||3.83yrs||no data||no data|
|Chief Information Officer||2.08yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Chief Legal Officer & Corporate Secretary||no data||no data||no data|
|Vice President of Corporate Development & Strategic Planning||no data||no data||no data|
|Chief Marketing Officer||0.42yr||no data||no data|
|Chief Revenue Officer & Global Head of Sales||0.17yr||no data||no data|
Experienced Management: PSTG's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|Chairman & CEO||3.42yrs||US$8.73m||0.36% |
|Independent Director||5.5yrs||US$298.01k||0.014% |
|Independent Director||2.75yrs||US$279.01k||0.014% |
|Independent Director||0.92yr||no data||0.0012% |
|Vice Chairman||2.33yrs||no data||0.90% |
|Independent Director||1.92yrs||US$936.64k||0.0096% |
|Independent Director||5.5yrs||US$294.26k||0.0090% |
|Independent Director||1.33yrs||US$791.59k||0.0036% |
|Independent Director||2.25yrs||US$295.51k||0.011% |
Experienced Board: PSTG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PSTG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.
Pure Storage, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Pure Storage, Inc.
- Ticker: PSTG
- Exchange: NYSE
- Founded: 2009
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$6.176b
- Shares outstanding: 272.81m
- Website: https://www.purestorage.com
Number of Employees
- Pure Storage, Inc.
- 650 Castro Street
- Suite 400
- Mountain View
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PSTG||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Oct 2015|
|6PU||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Oct 2015|
|0KSA||LSE (London Stock Exchange)||Yes||Class A Common Stock||GB||USD||Oct 2015|
Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. It delivers solutions based on proprietary Purity Operating Environment Software that implements ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/20 00:18|
|End of Day Share Price||2021/01/19 00:00|
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 here.