PSTG Stock Summary and Trading Ideas (Pure Storage Class A | NYSE:PSTG)

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 February 21, 2025, PSTG stock price declined to $65.07 with 2,528,863 million shares trading.

PSTG has a market cap of $21.23 billion. This is considered a Large Cap stock.

Last quarter Pure Storage Class A reported $831 million in Revenue and $.50 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.08.

In the last 3 years, PSTG traded as high as $73.67 and as low as $21.90.

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 return of +65.9%, while the SPY ETF gained +22.1%. In the last 3 month period, PSTG beat the market returning +26.2%, while SPY returned +1.4%. However, in the most recent 2 weeks PSTG has underperformed the stock market by returning -5.8%, while SPY returned -0.1%.

PSTG support price is $65.95 and resistance is $69.65 (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 shares will trade within this expected range on the day.