Group 1: Stock Performance - Pure Storage (PSTG) closed at $67.79, reflecting a -0.86% change from the previous day, underperforming the S&P 500's loss of 0.51% [1] - Over the past month, shares of Pure Storage gained 9.43%, outperforming the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% [1] Group 2: Earnings Projections - The upcoming EPS for Pure Storage is projected at $0.43, indicating a 14% decline compared to the same quarter last year [2] - Revenue is estimated to be $869.92 million, representing a 10.14% increase from the same quarter last year [2] - For the full year, analysts expect earnings of $1.68 per share and revenue of $3.16 billion, marking changes of +18.31% and +11.57% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Pure Storage are indicative of changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Pure Storage at 3 (Hold) [6] - Over the past month, there has been a 0.05% increase in the Zacks Consensus EPS estimate [6] Group 4: Valuation Metrics - Pure Storage has a Forward P/E ratio of 40.68, which is a premium compared to the industry's average Forward P/E of 13.77 [7] - The company has a PEG ratio of 2.17, aligning with the average PEG ratio for the Computer-Storage Devices industry [8] Group 5: Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Company Performance - Pure Storage (PSTG) ended the latest trading session at $68.38, reflecting a +1.09% adjustment from the previous day's close, outperforming the S&P 500's gain of 0.53% [1] - Over the past month, shares of Pure Storage have increased by 10.11%, surpassing the Computer and Technology sector's decline of 0.75% and the S&P 500's gain of 1.24% [1] Upcoming Financial Results - The upcoming EPS for Pure Storage is projected at $0.43, indicating a 14% decrease compared to the same quarter last year [2] - Quarterly revenue is estimated to be $869.92 million, representing a 10.14% increase from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are expected to be $1.68 per share, with revenue projected at $3.16 billion, reflecting changes of +18.31% and +11.57% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Pure Storage indicate positive sentiment towards the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates estimate changes, currently assigns Pure Storage a rank of 3 (Hold) [6] Valuation Metrics - Pure Storage is trading at a Forward P/E ratio of 40.24, which is a premium compared to the industry's average Forward P/E of 13.75 [7] - The company has a PEG ratio of 2.15, aligning with the average PEG ratio for the Computer-Storage Devices industry [7] Industry Context - The Computer-Storage Devices industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 161, placing it in the bottom 36% of over 250 industries [8]

Pure Storage, Inc.’s (PSTG) shares have proven resilient, with a gain of 18.4% in the past three months, better than its industry’s decline of 11.6%. It has also outperformed the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 3% and 0.8%, respectively.Price PerformanceImage Source: Zacks Investment ResearchPSTG has also outperformed its peers like NetApp, Inc (NTAP) , Western Digital Corporation (WDC) and Netlist, Inc (NLST) . NTAP, WDC and NLST have registered declines of 7.3%, ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Pure Storage (PSTG) .Pure Storage currently has an average broker ...

The latest trading session saw Pure Storage (PSTG) ending at $64.73, denoting a +0.73% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 1.63%.Shares of the data storage company witnessed a gain of 2.78% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.11% and the S&P 500's loss of 2.2%.The upcoming earnings release o ...

My previous investment thought on Pure Storage (NYSE: PSTG ) (published in April 2024) was a buy rating because I believed it is well positioned to continue growing as the demand for storageI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to identify ...

SANTA CLARA, Calif., Jan. 7, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the expansion of its strategic collaboration with Micron Technology, Inc. (NASDAQ: MU), a global leader in memory and storage solutions. This strategic collaboration enables the high-capacity and energy-efficient solutions that hyperscalers require using Micron G9 QLC NAND for future DirectFlash® Module products. The joint ...

Since I recommended Pure Storage (NYSE: NYSE: PSTG ) in my last article on the company, the stock has been up 24% compared to the S&P 500's ( SPX ) 5.6% rise as of DecemberI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocksAnalyst’s Disclosure: I/we have no stock, ...

Pure Storage, Inc’s (PSTG) shares have been performing well on the trading front, with a gain of 69.5% year to date (YTD). Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for its customers.The stock has outperformed its sub-industry, the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 45%, 32.4% and 27.4%, respectively.YTD Price PerformanceImage Source: Zacks Investment ResearchClosing at $60.2 ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...