Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. The company delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. Its cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution for file and object storage. The company also provides FlashStack and Artificial Intelligence -Ready Infrastructure converged infrastructure solutions; and subscription-based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store, as well as installation and implementation consulting services. In addition, it offers container data services, such as storage, data protection, data security, and disaster recovery/backup for cloud-native applications. 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 Mountain View, California.
IPO Year: 2015
Exchange: NYSE
Website: purestorage.com
Date | Price Target | Rating | Analyst |
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8/19/2024 | $60.00 | Neutral | Piper Sandler |
7/2/2024 | $44.00 → $47.00 | Neutral → Sell | UBS |
6/12/2024 | $60.00 | Overweight → Equal-Weight | Morgan Stanley |
5/30/2024 | $58.00 → $68.00 | Outperform → Market Perform | Northland Capital |
5/30/2024 | $60.00 → $80.00 | Buy | TD Cowen |
5/21/2024 | $51.00 | Overweight → Equal Weight | Barclays |
4/19/2024 | $52.00 → $63.00 | Strong Buy → Outperform | Raymond James |
3/15/2024 | $65.00 | Buy | Citigroup |
3/6/2024 | $66.00 | Buy | Needham |
2/29/2024 | $42.00 → $60.00 | Outperform | TD Cowen |
Piper Sandler initiated coverage of Pure Storage with a rating of Neutral and set a new price target of $60.00
UBS downgraded Pure Storage from Neutral to Sell and set a new price target of $47.00 from $44.00 previously
Morgan Stanley downgraded Pure Storage from Overweight to Equal-Weight and set a new price target of $60.00
Northland Capital downgraded Pure Storage from Outperform to Market Perform and set a new price target of $68.00 from $58.00 previously
TD Cowen reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $80.00 from $60.00 previously
Barclays downgraded Pure Storage from Overweight to Equal Weight and set a new price target of $51.00
Raymond James downgraded Pure Storage from Strong Buy to Outperform and set a new price target of $63.00 from $52.00 previously
Citigroup initiated coverage of Pure Storage with a rating of Buy and set a new price target of $65.00
Needham initiated coverage of Pure Storage with a rating of Buy and set a new price target of $66.00
TD Cowen reiterated coverage of Pure Storage with a rating of Outperform and set a new price target of $60.00 from $42.00 previously
In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Pure Storage (NYSE:PSTG) and its primary competitors in the Technology Hardware, Storage & Peripherals industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights for investors and shed light on company's performance within the industry. Pure Storage Background Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramat
Pure Storage (NYSE:PSTG) has outperformed the market over the past 5 years by 17.89% on an annualized basis producing an average annual return of 30.8%. Currently, Pure Storage has a market capitalization of $19.47 billion. Buying $100 In PSTG: If an investor had bought $100 of PSTG stock 5 years ago, it would be worth $383.38 today based on a price of $59.85 for PSTG at the time of writing. Pure Storage's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine a
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information and making sense of why these stocks should be of interest. Here’s a look at the Benzinga Stock Whisper Index for the week of July 12: Read Also: EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank? QuantumScape C
In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Pure Storage (NYSE:PSTG) against its key competitors in the Technology Hardware, Storage & Peripherals industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry. Pure Storage Background Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramati
Pure Storage, Inc. (NYSE:PSTG) shares are trading marginally lower on Friday. According to Benzinga Pro, PSTG stock has gained over 72% in the past year. Pure Storage is a U.S.-based company that provides enterprise data storage solutions, generating revenue from product sales and subscription services. Recently, UBS analyst David Vogt downgraded Pure Storage from Neutral to Sell, raising the price forecast from $44 to $47. Last month, the company announced new capabilities in the Pure Storage platform that are changing the game for IT and business leaders. Check This Out: Why Is Karaoke Products Maker Singing Machine’s Stock Gaining Today? These capabilities are changing t
Pure Storage (NYSE:PSTG) has outperformed the market over the past 5 years by 19.68% on an annualized basis producing an average annual return of 32.79%. Currently, Pure Storage has a market capitalization of $20.20 billion. Buying $1000 In PSTG: If an investor had bought $1000 of PSTG stock 5 years ago, it would be worth $4,180.22 today based on a price of $62.11 for PSTG at the time of writing. Pure Storage's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content eng
Pure Storage Inc. (NYSE:PSTGHTTPS, NYSE:PSTG) shares are trading lower Tuesday afternoon after UBS analyst David Vogt downgraded the stock from Neutral to Sell, despite raising the price target from $44 to $47. What To Know: Pure Storage is a U.S.-based company that provides enterprise data storage solutions, generating revenue from product sales and subscription services. Analysts have mixed opinions about the company’s future, with a recent trend showing increasing price targets but also some cautionary ratings. The average price target from 27 analysts stands at $69.93, with estimates ranging from $47 to $80. Vogt’s downgrade contrasts with other analysts’ more optimistic views, as
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NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index N
B2B Veteran Brings Decades of Experience Driving Growth and Innovation Across Hybrid Cloud and Software Markets SANTA CLARA, Calif., Dec. 5, 2023 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the appointment of Lynn Lucas as its Chief Marketing Officer (CMO). She will report directly to Pure Storage Chief Operating Officer Matt Burr. Lucas comes to Pure Storage as an award-winning and results-driven marketeer who has led marketing organizations for both high growth SaaS c
SAN MATEO, Calif., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ:FRSH) today announced the appointment of Johanna Jackman as the company's new Chief People Officer (CPO). Johanna joins the executive team and reports to Freshwork's Chief Executive Officer Girish Mathrubootham and President Dennis Woodside. Jackman will be responsible for the company's global human resources strategy and operations, which oversees HR business partnerships, talent acquisition and employee development, facilities, compensation and benefits, corporate social responsibility programs, and diversity, equity and inclusion strategy. A global executive who focuses on driving business impact, Jackman has
MOUNTAIN VIEW, Calif., Dec. 1, 2021 /PRNewswire/ -- Today Pure Storage (NYSE:PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced the appointment of Adobe and Qualcomm alum, John Murphy, to its Board of Directors. "With a reputation as a champion for innovation and extensive experience as a financial leader of dynamic organizations, we're thrilled to welcome John to Pure," said Charles Giancarlo, Chairman and CEO of Pure Storage. "His expertise will be invaluable to us as we continue our strong growth and our march to delivering our
MOUNTAIN VIEW, Calif., Sept. 14, 2021 /PRNewswire/ -- Pure Storage (NYSE:PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, today announced the appointment of Mallun Yen to its Board of Directors. Yen will join as a new member of the Board and the nominating and corporate governance committee. "Drawing from her deep-rooted SaaS and IP experience, and her enviable career leading transformative organizations, Mallun's voice will be an asset to our team and board," said Charles Giancarlo, Chairman and CEO, Pure Storage. "This is an exciting time at
SAN FRANCISCO, May 3, 2021 /PRNewswire/ -- Genesys, a global leader in cloud customer experience and contact center solutions, today announced the appointment of Arthur P. Johnson, Jr. to its operating committee – the company's governance and oversight body with responsibilities much like a board of directors. Johnson joins the company's operating committee as its newest independent member, bringing nearly 30 years of executive leadership in corporate strategy, operations and finance. Johnson will also be a member of the Genesys audit committee. "We're coming off a strong fisc
SAN FRANCISCO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Sisu, the industry’s first augmented intelligence solution, today announced the appointment of global marketing expert Sun Lee as Chief Marketing Officer (CMO). In her role, Lee will report directly to Founder and Chief Executive Officer Peter Bailis and lead all marketing functions at the company. Lee brings extensive industry expertise, most recently from Pure Storage and SurveyMonkey. “Sun’s combination of creativity and pragmatic execution is impressive, which will be a valuable addition to our leadership team,” said Peter Bailis, Founder and CEO of Sisu. “She brings a breadth of brand, digital, and messaging expertise that will acceler
In collaboration with industry peers, Pure Storage commits to expanding the capabilities of high performance Ethernet for large-scale AI and HPC initiatives SANTA CLARA, Calif., Aug. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that it joined Ultra Ethernet Consortium (UEC), a Linux Foundation initiative dedicated to building a complete, open, and accessible Ethernet-based architecture to accelerate critical, data-intensive AI and HPC applications. As the leading
SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, August 28 at 2:00 p.m. PT to discuss its financial results for the second quarter fiscal year 2025 ended August 4, 2024. This conference call will be held following the release of Pure Storage's financial results. Second Quarter Fiscal 2025 Conference Call Details A live audio broadcast of the conference call will be available at the Pure Storage Inv
Seven customers honored at Pure//Accelerate 2024 for innovative use of the Pure Storage platform among 12,500+ global customers LAS VEGAS, June 21, 2024 /PRNewswire/ -- Pure Storage //Accelerate -- Today at Pure//Accelerate® 2024, Pure Storage (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced the winners of its fourth annual Pure Storage Breakthrough Awards. The Awards recognize Pure Storage customers displaying extraordinary innovation, creativity, sustainability, business breakthroughs and overarching success using the Pure Storage platform.
Extends STaaS leadership, now with 10 concurrent SLAs, the industry's most comprehensive set of service level agreements LAS VEGAS, June 19, 2024 /PRNewswire/ -- Pure Storage//Accelerate -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced three new advanced Storage as-a-Service (STaaS) service-level agreements (SLAs) for the Pure Storage platform - cyber recovery and resilience and site rebalance - further empowering organizations to guarantee outcomes and reduce risk in their critical data infrastructure.
AI Storage as-a-Service and other solutions showcased at //Accelerate deliver the best foundation for AI and cyber resilience LAS VEGAS, June 19, 2024 /PRNewswire/ -- Pure Storage//Accelerate - Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced new capabilities in the Pure Storage platform that are changing the game for how IT and business leaders can radically improve their ability to deploy AI, improve cyber resilience, and modernize their applications. The Pure Storage platform delivers a
SANTA CLARA, Calif. and PALO ALTO, Calif., June 5, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage platform, and LandingAI, the leading visual AI company, today announced Pure's strategic investment in LandingAI to help power the future of vision AI. Pure Storage delivers a data storage platform that enables customers to realize the potential of AI, at any stage of the AI journey. The promise of LandingAI's multi-modal Large Vision Model (LVM) solutions will help shape the future of vision AI for the enterpris
More than half of IT professionals plan to migrate or modernize some of their VM workloads to Kubernetes SANTA CLARA, Calif., June 4, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, in partnership with Dimensional Research, released a new data report addressing the rapid adoption of cloud-native platforms to speed application delivery and fuel enterprise innovation. The new report, "The Voice of Kubernetes Experts Report 2024: The Data Trends Driving the Future of the Enterprise," expl
Q1 total revenue growth of 18%, year-over-year Subscription services ARR over $1.4 billion SANTA CLARA, Calif., May 29, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its first quarter fiscal year 2025 ended May 5, 2024. "Pure Storage is uniquely positioned to integrate fragmented data storage environments, which hinders enterprises from easily deploying artificial intelligence, hybrid cloud, and modern application deployment," said Charles Gian
SANTA CLARA, Calif., May 20, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that New Mexico State University (NMSU), New Mexico's land-grant institution and a comprehensive research university, is leveraging Pure Storage's platform to drive exceptional learning and teaching experiences for its 25,000+ student, faculty, and staff member population. Customer Challenge: NMSU, a renowned academic institution serving as a NASA Space-Grant College and home to the first Honors Co
Pure Cloud Block Store drives agility and performance for Ampersand in a hybrid cloud environment SANTA CLARA, Calif., May 14, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that Ampersand, the TV industry's largest source of combined multiscreen TV inventory and viewership insights, is leveraging Pure Storage's platform to increase data resilience, flexibility, and performance in support of its hybrid cloud strategy, optimizing TV campaigns and delivering unparalleled data insights to advertisers.
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SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, August 28 at 2:00 p.m. PT to discuss its financial results for the second quarter fiscal year 2025 ended August 4, 2024. This conference call will be held following the release of Pure Storage's financial results. Second Quarter Fiscal 2025 Conference Call Details A live audio broadcast of the conference call will be available at the Pure Storage Inv
Q1 total revenue growth of 18%, year-over-year Subscription services ARR over $1.4 billion SANTA CLARA, Calif., May 29, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its first quarter fiscal year 2025 ended May 5, 2024. "Pure Storage is uniquely positioned to integrate fragmented data storage environments, which hinders enterprises from easily deploying artificial intelligence, hybrid cloud, and modern application deployment," said Charles Gian
SANTA CLARA, Calif., May 8, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, May 29 at 2:00 p.m. PT to discuss its financial results for the first quarter fiscal year 2025 ended May 5, 2024. This conference call will be held following the release of Pure Storage's financial results. First Quarter Fiscal 2025 Conference Call Details A live audio broadcast of the conference call will be available at the Pure Storage Investor Rel
FY24 TCV sales growth of Evergreen//One and Evergreen//Flex offerings exceeding 100%Q4 RPO growing 31% year-over-year SANTA CLARA, Calif., Feb. 28, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced financial results for its fiscal fourth quarter and full year 2024 ended February 4, 2024. "Our data platform strategy is revolutionizing the storage industry. It helps enterprises and service providers unify fragmented data environments into a seamless, modern, and efficient s
SANTA CLARA, Calif., Feb. 7, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, February 28 at 2:00 p.m. PT to discuss its financial results for the fourth quarter and full year 2024 ended February 4, 2024. This conference call will be held following the release of Pure Storage's financial results. Fiscal Q4 and Full Year 2024 Conference Call DetailsA live audio broadcast of the conference call will be available at the Pure Stor
Record sales for FlashBlade portfolio including FB//E Expect nearly $400 Million of Combined Annual Evergreen//One and Evergreen//Flex Sales Increased Operating Margin Annual Guidance SANTA CLARA, Calif., Nov. 29, 2023 /PRNewswire/ -- Today Pure Storage (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced financial results for its third quarter fiscal 2024 ended November 5, 2023. "Pure continues to see extraordinary growth in our Evergreen Storage-as-a-Service consumption services providing customers with a Cloud O
Record sales quarter for FlashBlade portfolio Doubled subscription sales year-over-year for Evergreen//One Increased operating margin annual guidance SANTA CLARA, Calif., Aug. 30, 2023 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced financial results for its second quarter fiscal 2024 ended August 6, 2023. "Customers have responded enthusiastically to Pure's new ability to satisfy all of their data storage needs on a single, consistent, flash data storage and management plat
SANTA CLARA, Calif., Aug. 9, 2023 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, August 30 at 2:00 p.m. PT to discuss its financial results for the second quarter fiscal 2024 ended August 6, 2023. This conference call will be held following the release of Pure Storage's financial results. Second Quarter Fiscal 2024 Conference Call Details A live audio broadcast of the conference call will be available at the Pure Storage Investor
Subscription services ARR of $1.2 billion, up 29% year-over-year Record Evergreen//One subscription sales Shipped first FlashBlade//E systems MOUNTAIN VIEW, Calif., May 31, 2023 /PRNewswire/ -- Today Pure Storage (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced financial results for its first quarter fiscal 2024 ended May 7, 2023. "We are the clear leader in data storage, now delivering a portfolio that can address the vast majority of storage needs for all enterprises," said Charles Giancarlo, Chairman and CEO
MOUNTAIN VIEW, Calif., May 10, 2023 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, May 31 at 2:00 p.m. PT to discuss its financial results for the first quarter fiscal 2024 ended May 7, 2023. This conference call will be held following the release of Pure Storage's financial results. First Quarter Fiscal 2024 Conference Call DetailsA live audio broadcast of the conference call will be available at the Pure Storage Investor Relati
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