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Pure Storage Inc Stock Research

PSTG

23.77USD-0.35(-1.45%)Delayed

Market Summary

USD23.77-0.35
Delayed
-1.45%

PSTG Alerts

PSTG Stock Price

PSTG RSI Chart

PSTG Valuation

Market Cap

7.2B

Price/Earnings (Trailing)

528.27

Price/Sales (Trailing)

2.7

EV/EBITDA

49.55

Price/Free Cashflow

12.93

PSTG Price/Sales (Trailing)

PSTG Profitability

EBT Margin

1.14%

Return on Equity

1.61%

Return on Assets

0.42%

Free Cashflow Yield

7.74%

PSTG Fundamentals

PSTG Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

20.14%

Revenue Q/Q

4.53%

PSTG Earnings

Earnings (TTM)

13.5M

Earnings Y/Y

97.26%

Earnings Q/Q

-107.21%

Price Action

52 Week Range

21.9036.71
(Low)(High)

Last 7 days

-1.5%

Last 30 days

-18.3%

Last 90 days

-10.8%

Trailing 12 Months

-33.5%

PSTG Financial Health

Current Ratio

1.36

PSTG Investor Care

Shares Dilution (1Y)

4.70%

Diluted EPS (TTM)

0.05

Peers (Alternatives to Pure Storage)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
7.62% -7.52%
26.68
6.55
2.44% -5.35%
27.3B
59.8B
-4.68% -27.60%
10.49
0.46
-7.84% -60.07%
13.1B
6.5B
-7.25% -27.70%
10.15
2.02
4.33% 27.27%
12.7B
9.4B
-7.15% -33.72%
20.55
1.36
-21.90% -66.38%
11.2B
15.8B
-10.89% -30.18%
-120.95
0.71
-16.84% -104.67%
MID-CAP
10.6B
5.3B
4.48% -7.74%
22.4
1.99
11.95% 86.39%
7.2B
2.7B
-18.26% -33.47%
528.27
2.7
34.27% 106.43%
5.9B
6.6B
27.82% 160.72%
10.23
0.89
59.38% 362.85%
3.0B
7.8B
-16.50% -46.84%
50.28
0.38
9.61% -38.14%
2.3B
7.1B
-9.97% -24.02%
-7.08
0.32
0.98% 29.23%
SMALL-CAP
1.3B
556.2M
-5.24% -37.58%
-12.78
2.38
-12.75% -133.51%
91.3M
402.6M
-20.97% -57.94%
-2.84
0.23
8.80% 23.40%
64.4M
3.6B
-72.46% -88.58%
-0.14
0.02
-10.12% -413.74%
51.7M
71.9M
-14.00% -37.68%
79.68
0.72
23.75% -78.12%
14.0M
22.2M
-7.55% -49.35%
24.78
0.63
2.03% -88.84%

Financials for Pure Storage

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.5%2,6522,5382,3892,1811,975
Gross Profit5.3%1,8121,7211,6171,4731,338
Operating Expenses3.8%1,7631,6991,6441,5711,513
  S&GA Expenses2.2%869850834799766
  R&D Expenses5.1%670637612582550
EBITDA38.3%12893.0025.00--
EBITDA Margin32.4%0.05*0.04*0.01*--
Earnings Before Taxes1561.3%30.00-2.07-58.36-128-197
EBT Margin1499.3%0.01*0.00*-0.02*--
Interest Expenses-30.9%2.003.004.005.005.00
Net Income194.0%14.00-14.40-70.59-143-210
Net Income Margin190.0%0.01*-0.01*-0.03*--
Free Cahsflow2.5%553540502--
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.7%3,2533,0502,8283,1352,856
  Current Assets9.3%2,2092,0211,8752,1921,927
    Cash Equivalents22.0%796653455466405
  Inventory14.3%60.0052.0041.0039.0044.00
  Goodwill0%361361359359359
Liabilities5.4%2,4122,2892,1012,3812,131
  Current Liabilities6.4%1,6231,5251,441952780
    LT Debt, Current0.1%574573573--
    LT Debt, Non CurrentNaN%---787778
Shareholder's Equity10.4%841761727754724
  Retained Earnings0.0%-1,611-1,610-1,621-98.10-1,723
  Additional Paid-In Capital3.5%2,4762,3922,3682,4712,448
Accumulated Depreciation4.3%372357342337-
Shares Outstanding1.2%301297296287-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.3%672645609410341
  Share Based Compensation3.5%324313300287270
Cashflow From Investing41.8%141100-39.05-153-136
Cashflow From Financing2.2%-422-432-415-127-64.31
  Buy Backs-12.5%221253237200154

Risks for PSTG

What is the probability of a big loss on PSTG?

90%


Probability that Pure Storage stock will be more than 20% underwater in next one year

81.5%


Probability that Pure Storage stock will be more than 30% underwater in next one year.

44.2%


Probability that Pure Storage stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PSTG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Pure Storage was unfortunately bought at previous high price.

Drawdowns

Returns for PSTG

Cumulative Returns on PSTG

8.9%


7-Year Cumulative Returns

4.5%


5-Year Cumulative Returns

24.4%


3-Year Cumulative Returns

What are the long-term rolling returns for PSTG?

FIve years rolling returns for Pure Storage.

Annualized Returns

Which funds bought or sold PSTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
34.15
350,386
1,475,390
-%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
-1,275
35,725
-%
2023-03-06
Rockefeller Capital Management L.P.
added
28.06
22,000
108,000
-%
2023-02-28
Voya Investment Management LLC
added
1.17
2,318,220
42,447,200
0.06%
2023-02-27
ST GERMAIN D J CO INC
new
-
23,281
23,281
0.01%
2023-02-27
Parallax Volatility Advisers, L.P.
added
73.61
59,718
144,718
-%
2023-02-24
NATIXIS
added
23.46
3,715,870
21,656,900
0.12%
2023-02-24
SRS Capital Advisors, Inc.
new
-
401
401
-%
2023-02-23
Portman Square Capital LLP
new
-
324,224
324,224
0.02%
2023-02-22
CVA Family Office, LLC
added
8.96
767
9,767
-%

1–10 of 42

Latest Funds Activity

Are funds buying PSTG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PSTG
No. of Funds

Pure Storage News

Seeking Alpha

Pure Storage: A Buy Despite Lower Growth Rates Ahead (NYSE ....

Seeking Alpha,
6 hours ago

InvestorsObserver

The Motley Fool

Investor's Business Daily

Schedule 13G FIlings of Pure Storage

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
3.5%
10,484,215
SC 13G/A
Feb 13, 2023
champlain investment partners, llc
4.57%
13,838,808
SC 13G/A
Feb 09, 2023
william blair investment management, llc
1.6%
4,726,730
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.18%
27,762,874
SC 13G/A
Feb 07, 2023
blackrock inc.
5.1%
15,495,310
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
5.1%
14,865,405
SC 13G/A
Feb 11, 2022
champlain investment partners, llc
5.97%
17,317,710
SC 13G/A
Feb 11, 2022
colgrove john
4.99%
14,663,703
SC 13G/A
Jan 10, 2022
fmr llc
-
0
SC 13G/A

PSTG Fair Value

Pure Storage fair value in different scenarios

The table shows the Fair Value estimates for Pure Storage for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

1.67

-92.97%

3.40

-85.70%

6.70

-71.81%

14.41

-39.38%

25.35

6.65%
Current Inflation

1.57

-93.40%

3.11

-86.92%

5.97

-74.88%

12.59

-47.03%

21.93

-7.74%
Very High Inflation

1.43

-93.98%

2.75

-88.43%

5.10

-78.54%

10.46

-55.99%

17.97

-24.40%

Historical Pure Storage Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Pure Storage

View All Filings
Date Filed Form Type Document
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading

Latest Insider Trading transactions for PSTG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-21
FitzSimons Dan
sold
-697,577
24.4927
-28,481
chief revenue officer
2023-03-20
Krysler P. Kevan
sold (taxes)
-1,363,510
24.05
-56,695
chief financial officer
2023-03-20
Giancarlo Charles H
sold (taxes)
-2,688,810
24.05
-111,801
ceo
2023-03-20
Chu Mona
sold (taxes)
-66,161
24.05
-2,751
chief accounting officer
2023-03-20
Colgrove John
sold (taxes)
-897,065
24.05
-37,300
chief visionary officer
2023-03-20
FitzSimons Dan
sold (taxes)
-849,783
24.05
-35,334
chief revenue officer
2023-03-20
Singh Ajay
sold (taxes)
-890,716
24.05
-37,036
chief product officer
2023-03-14
Colgrove John
acquired
-
-
159,543
chief visionary officer
2023-03-14
Singh Ajay
acquired
-
-
159,543
chief product officer
2023-03-14
Krysler P. Kevan
acquired
-
-
159,543
chief financial officer

1–10 of 50

About Pure Storage

PSTG Income Statement

2022-11-06
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Nov. 06, 2022
Oct. 31, 2021
Nov. 06, 2022
Oct. 31, 2021
Revenue$ 676,050$ 562,740$ 1,943,227$ 1,472,278
Cost of revenue209,715187,948606,898475,593
Gross profit466,335374,7921,336,329996,685
Operating expenses:    
Research and development180,008147,808506,971419,296
Sales and marketing212,140193,172637,129567,054
General and administrative65,05451,890173,300138,500
Total operating expenses457,202392,8701,317,4001,124,850
Income (loss) from operations9,133(18,078)18,929(128,165)
Other income (expense), net(2,814)(7,953)(8,410)(20,090)
Income (loss) before provision for income taxes6,319(26,031)10,519(148,255)
Provision for income taxes7,1062,70011,9199,947
Net loss$ (787)$ (28,731)$ (1,400)$ (158,202)
Net loss per share attributable to common stockholders, basic (in dollars per share)$ (0.00)$ (0.10)$ (0.00)$ (0.56)
Net loss per share attributable to common stockholders, diluted (in dollars per share)$ (0.00)$ (0.10)$ (0.00)$ (0.56)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)300,984287,462298,101283,918
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)300,984287,462298,101283,918
Product    
Revenue$ 431,281$ 374,913$ 1,247,045$ 949,736
Cost of revenue135,546129,721395,322309,935
Subscription services    
Revenue244,769187,827696,182522,542
Cost of revenue$ 74,169$ 58,227$ 211,576$ 165,658

PSTG Balance Sheet

2022-11-06
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 06, 2022
Feb. 06, 2022
Current assets:  
Cash and cash equivalents$ 795,931$ 466,199
Marketable securities669,173947,073
Accounts receivable, net of allowance of $945 and $1,053435,618542,144
Inventory59,71638,942
Deferred commissions, current69,39781,589
Prepaid expenses and other current assets178,838116,232
Total current assets2,208,6732,192,179
Property and equipment, net248,606195,282
Operating lease right-of-use assets163,676111,763
Deferred commissions, non-current165,735164,718
Intangible assets, net53,37962,646
Goodwill361,427358,736
Restricted cash10,54410,544
Other assets, non-current40,78539,447
Total assets3,252,8253,135,315
Current liabilities:  
Accounts payable102,87970,704
Accrued compensation and benefits159,231205,431
Accrued expenses and other liabilities108,97278,511
Operating lease liabilities, current31,11435,098
Deferred revenue, current647,116562,576
Debt, current573,8550
Total current liabilities1,623,167952,320
Long-term debt0786,779
Operating lease liabilities, non-current147,11093,479
Deferred revenue, non-current601,103517,296
Other liabilities, non-current40,93731,105
Total liabilities2,412,3172,380,979
Commitments and contingencies (Note 7)
Stockholders’ equity:  
Preferred stock, par value of $0.0001 per share— 20,000 shares authorized; no shares issued and outstanding00
Class A and Class B common stock, par value of $0.0001 per share— 2,250,000 (Class A 2,000,000, Class B 250,000) shares authorized; 292,633 and 302,669 Class A shares issued and outstanding3029
Additional paid-in capital2,475,7642,470,943
Accumulated other comprehensive loss(23,753)(8,365)
Accumulated deficit(1,611,533)(1,708,271)
Total stockholders’ equity840,508754,336
Total liabilities and stockholders’ equity$ 3,252,825$ 3,135,315