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Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Pure Storage Class A trades on the NYSE stock market under the symbol PSTG.
As of May 24, 2024, PSTG stock price climbed to $61.05 with 3,187,067 million shares trading.
PSTG has a beta of 1.67, meaning it tends to be more sensitive to market movements. PSTG has a correlation of 0.16 to the broad based SPY ETF.
PSTG has a market cap of $19.29 billion. This is considered a Large Cap stock.
Last quarter Pure Storage Class A reported $790 million in Revenue and $.50 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.06.
In the last 3 years, PSTG stock traded as high as $62.22 and as low as $17.40.
The top ETF exchange traded funds that PSTG belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.
PSTG has outperformed the market in the last year with a price return of +149.0% while the SPY ETF gained +29.5%. PSTG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +50.5% and +12.8%, respectively, while the SPY returned +4.6% and +1.8%, respectively.
PSTG support price is $58.60 and resistance is $61.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSTG stock will trade within this expected range on the day.