Based on the measurements of operating efficiency obtained from Pure Storage's historical financial statements, Pure Storage may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Pure Storage's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The Pure Storage's current Current Deferred Revenue is estimated to increase to about 1 B, while Other Current Liabilities is projected to decrease to roughly 255.8 M. Key indicators impacting Pure Storage's financial strength include:
The essential information of the day-to-day investment outlook for Pure Storage includes many different criteria found on its balance sheet. An individual investor should monitor Pure Storage's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Pure Storage.
Pure Storage competes with NetApp, Arista Networks, Dell Technologies, 3D Systems, and Stratasys. Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California. Pure Storage operates under Computer Hardware classification in the United States and is traded on New York Stock Exchange. It employs 4600 people.
Specialization
Information Technology, Technology Hardware & Equipment
Comparative valuation techniques use various fundamental indicators to help in determining Pure Storage's current stock value. Our valuation model uses many indicators to compare Pure Storage value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Pure Storage competition to find correlations between indicators driving Pure Storage's intrinsic value. More Info.
Pure Storage is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.16 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Pure Storage is roughly 6.06 . At this time, Pure Storage's Return On Equity is most likely to increase slightly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Pure Storage by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Pure Storage Systematic Risk
Pure Storage's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Pure Storage volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Pure Storage correlated with the market. If Beta is less than 0 Pure Storage generally moves in the opposite direction as compared to the market. If Pure Storage Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Pure Storage is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Pure Storage is generally in the same direction as the market. If Beta > 1 Pure Storage moves generally in the same direction as, but more than the movement of the benchmark.
Pure Storage Thematic Clasifications
Pure Storage is part of several thematic ideas from Computers to Artificial Intelligence. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Along with financial statement analysis, the daily predictive indicators of Pure Storage help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Pure Storage. We use our internally-developed statistical techniques to arrive at the intrinsic value of Pure Storage based on widely used predictive technical indicators. In general, we focus on analyzing Pure Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Pure Storage's daily price indicators and compare them against related drivers.
When running Pure Storage's price analysis, check to measure Pure Storage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pure Storage is operating at the current time. Most of Pure Storage's value examination focuses on studying past and present price action to predict the probability of Pure Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Storage's price. Additionally, you may evaluate how the addition of Pure Storage to your portfolios can decrease your overall portfolio volatility.