PSTG$75.06
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Powered by LiveAIOverall Analysis
BuyPure Storage exhibits strong fundamentals in a growing market, supported by positive thematic tailwinds. Current technical indicators suggest a period of consolidation or a slight pullback after recent gains, making it a potential buy on dips for growth-oriented investors.
Thematic
Pure Storage is well-positioned to benefit from secular growth trends in data storage, cloud computing, and the increasing demand for high-performance storage solutions.
Fundamental
Pure Storage demonstrates robust revenue growth, improving profitability, and a solid balance sheet with manageable debt and increasing cash reserves, although the P/E ratio indicates a premium valuation.
Technical
The stock is trading below key moving averages, with several indicators suggesting downward momentum, but it also shows strong support at recent lows.
| Factor | Score |
|---|---|
| Cloud Infrastructure Growth | 90 |
| Data Demands (AI/ML, Big Data) | 92 |
| Software-Defined Storage (SDS) | 88 |
| Containerization and Kubernetes | 85 |
| Competition and Market Dynamics | 75 |
| Factor | Score |
|---|---|
| Valuation | 45 |
| Profitability | 60 |
| Growth | 80 |
| Balance Sheet Health | 85 |
| Cash Flow | 85 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 50 |
| Volume Confirmation | 60 |
| Support & Resistance | 75 |
| Moving Averages Summary | 40 |
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Powered by LiveAIBullish Points (7)
Consistent EPS Beat
The company has consistently beaten earnings per share (EPS) estimates, with the latest quarter showing a surprise of 17.21% (reported $0.29 vs. estimate $0.25) and the trailing twelve months (TTM) EPS at $0.38. This demonstrates a pattern of exceeding market expectations.
Improving Valuation Metrics
The Price-to-Sales (P/S) ratio has improved from 3.4 in 2023 to an estimated 4.6 for 2024, while the P/E ratio has seen fluctuations but remains positive on a TTM basis at 145.8. While P/E is high, the P/S trend and positive earnings suggest potential value if revenue growth can be sustained.
Bearish Points (7)
High Price-to-Earnings Ratio
The TTM P/E ratio is exceptionally high at 149.89, and quarterly P/E ratios are even more volatile and often negative or extremely high (e.g., 522.1 in Q1 2025). This suggests the stock is trading at a significant premium, making it vulnerable to corrections if growth expectations are not met.
Slowing Revenue Growth
While the company has reported positive revenue for FY2025Q1 ($879.84M), it represents a decline from the previous quarter's revenue ($778.485M), and the annual revenue growth appears to be slowing compared to previous years. Net margins have also been inconsistent, dipping into negative territory in Q2 2024 and Q2 2025 (estimated).
Calendar
August 2025
26
Next Earnings Date
H: $0.44
A: $0.39
L: $0.35
H: 849.47M
A: 845.78M
L: 844.60M
Profile
Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S, FlashBlade//E, and FlashBlade//EXA for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.
Seasonals
Price Target
70.40 USD
The 39 analysts offering 1 year price forecasts for PSTG have a max estimate of 93.00 and a min estimate of 50.00.
Debt Level and Coverage
Financial Position Analysis
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Capital Structure
Valuation - Summary
Valuation - Ratios
Revenue to Profit Conversion
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