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Pure Storage, Inc is currently in a long term downtrend where the price is trading 6.5% below its 200 day moving average.
From a valuation standpoint, the stock is 86.1% cheaper than other stocks from the Technology sector with a price to sales ratio of 3.5.
Pure Storage, Inc's total revenue rose by 242.3% to $2B since the same quarter in the previous year.
Its net income has dropped by 5964.8% to $-282M since the same quarter in the previous year.
Finally, its free cash flow grew by 64.8% to $93M since the same quarter in the previous year.
Based on the above factors, Pure Storage, Inc gets an overall score of 3/5.
Exchange | NYSE |
---|---|
CurrencyCode | USD |
ISIN | US74624M1027 |
Sector | Technology |
Industry | Computer Hardware |
Beta | 1.08 |
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Target Price | 67.806 |
Market Cap | 14B |
PE Ratio | 129.45 |
Dividend Yield | None |
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.
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