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    Pure Storage Announces First Quarter Fiscal 2025 Financial Results

    5/29/24 4:05:00 PM ET
    $PSTG
    Electronic Components
    Technology
    Get the next $PSTG alert in real time by email

    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.

    www.purestorage.com (PRNewsFoto/Pure Storage)

    "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 Giancarlo, Chairman and CEO, Pure Storage. "At our June Accelerate conference, global customers will see how our latest innovations enable enterprises to adapt to rapid technological change with a platform that fuses data centers and cloud environments."

    First Quarter Financial Highlights 

    • Revenue $693.5 million, an increase of 18% year-over-year
    • Subscription services revenue $346.1 million, up 23% year-over-year
    • Subscription annual recurring revenue (ARR) $1.4 billion, up 25% year-over-year
    • Remaining performance obligations (RPO) $2.3 billion, up 27% year-over-year
    • GAAP gross margin 71.5%; non-GAAP gross margin 73.9%
    • GAAP operating loss $(41.8) million; non-GAAP operating income $100.4 million
    • GAAP operating margin (6.0%); non-GAAP operating margin 14.5%
    • Q1 operating cash flow $221.5 million; free cash flow $172.7 million
    • Total cash, cash equivalents, and marketable securities $1.7 billion

    "We are pleased with the strong start to our year as Q1 revenue growth of 18 percent and profitability both outperformed," said Kevan Krysler, Chief Financial Officer, Pure Storage. "We are well positioned with our highly differentiated data storage platform for substantial long-term growth."

    At the Pure//Accelerate annual customer event next month, the company will be delivering industry-first innovations in the Pure data storage platform to address the most pressing topics critical to customers, including AI and Cyber Resiliency.

    First Quarter Company Highlights

    • Accelerating Enterprise AI: Through integrations with NVIDIA, Pure delivered new validated reference architectures for running generative AI use cases, including a new NVIDIA OVX-ready validated reference architecture, adding more options for customers in addition to the previously announced NVIDIA BasePod certification. As a leader in AI, Pure Storage, in collaboration with NVIDIA, is arming global customers with a proven framework to manage the high-performance data and compute requirements they need to drive successful AI deployments.



    • Subscription Services Innovation: New self-service capabilities across its Pure1® storage management platform and Evergreen® portfolio empower customers with more control over their data storage environment via a single management layer, simplifying end-to-end operations.

    Awards and Accolades

    • Financial Times The Americas' Fastest Growing Companies 2024
    • Data Breakthrough Awards "Overall Data Storage Company of the Year"
    • CRN AI 100 list in the Data Center and Edge category

    Second Quarter and FY25 Guidance

    Q2FY25

    Revenue

    $755M

    Revenue YoY Growth Rate

    9.6 %

    Non-GAAP Operating Income

    $125M

    Non-GAAP Operating Margin

    16.6 %



    FY25

    Revenue

    $3.1B

    Revenue YoY Growth Rate

    10.5 %

    TCV Sales for Evergreen//One & Evergreen//Flex

    Subscription Service Offerings

    $600M

    TCV Sales for Evergreen//One & Evergreen//Flex 

    Subscription Service Offerings YoY Growth Rate

    Approximately 50%

    Non-GAAP Operating Income

    $532M

    Non-GAAP Operating Margin

    17 %

    These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort.

    Pure//Accelerate 2024

    Register for Pure//Accelerate® 2024 in Las Vegas from June 18-21, 2024 and discover how to embrace the new age of data. Be front and center as we make history, changing the future of storage and the industry. Pure Storage executives and world-leading experts - including Pure Storage CEO, Charles Giancarlo, and World Champion & Mental Health Advocate, Michael Phelps - will share insights, strategies, and their vision for the future.

    Conference Call Information

    Pure will host a teleconference to discuss the first quarter fiscal 2025 results at 2:00 pm PT today, May 29, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website. Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release.

    A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482.

    Additionally, Pure is scheduled to participate at the following investor conferences:

    Bank of America Global Technology Conference

    Date: Tuesday, June 4, 2024

    Time: 2:00 p.m. PT / 5:00 p.m. ET

    Founder & Chief Visionary Officer John "Coz" Colgrove

    Chief Financial Officer Kevan Krysler

    William Blair Growth Stock Conference

    Date: Thursday, June 6, 2024

    Time: 9:20 a.m. PT / 12:20 p.m. ET

    Chief Technology Officer Rob Lee

    Product & Technology-Focused Meeting for Financial Analysts at Pure//Accelerate 2024

    Date: Thursday, June 20, 2024

    Time: 1:00 p.m. PT / 4:00 p.m. ET

    The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com.

    About Pure Storage

    Pure Storage (NYSE:PSTG) delivers the industry's best platform to store, manage, and protect the world's data. With a cloud experience across a unified storage operating environment, Pure empowers every organization with the agility to meet evolving data requirements at speed and scale, while reducing total cost of ownership. Pure believes it can make a meaningful impact in reducing data center emissions worldwide by providing a storage platform that enables customers to significantly reduce their carbon and energy footprint. Pure is proud to be a customer-first organization, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com.

    Analyst Recognition

    Leader in the 2023 Gartner Magic Quadrant for Primary Storage

    Leader in the 2023 Gartner Magic Quadrant for Distributed File Systems & Object Storage

    Connect with Pure 

    Blog 

    LinkedIn

    Twitter

    Facebook 

    Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Trademark List at www.purestorage.com/legal/productenduserinfo.html are trademarks of Pure Storage, Inc. Other names are trademarks of their respective owners. 

    Forward Looking Statements

    This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to future period financial and business results, demand for our products and subscription services, including Evergreen//One, our technology and product strategy, specifically customer priorities around sustainability, the benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, our ability to capture storage workloads for AI environments and hyperscalers, the timing and magnitude of large orders, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, including the E//Family, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements.

    Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov. Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of May 29, 2024, and Pure undertakes no duty to update this information unless required by law.

    Key Performance Metrics

    Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four.

    Total Contract Value (TCV) Sales, or bookings, of Pure's Evergreen//One and Evergreen//Flex offerings is an operating metric, representing the value of orders received and/or expected to be received during the fiscal year.

    Non-GAAP Financial Measures

    To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow.

    We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, amortization of intangible assets acquired from acquisitions, acquisition-related transaction and integration expenses, restructuring costs related to severance and termination benefits, and costs associated with the impairment and early exit of certain leased facilities that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

    For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release.

    PURE STORAGE, INC.

    Condensed Consolidated Balance Sheets

    (in thousands, unaudited)







    At the End of





    First Quarter of

    Fiscal 2025



    Fiscal 2024











    Assets









    Current assets:









    Cash and cash equivalents



    $           900,615



    $           702,536

    Marketable securities



    823,397



    828,557

    Accounts receivable, net of allowance of $965 and $1,060



    423,454



    662,179

    Inventory



    40,674



    42,663

    Deferred commissions, current



    85,386



    88,712

    Prepaid expenses and other current assets



    174,238



    173,407

    Total current assets



    2,447,764



    2,498,054

    Property and equipment, net



    368,153



    352,604

    Operating lease right-of-use-assets



    126,435



    129,942

    Deferred commissions, non-current



    211,240



    215,620

    Intangible assets, net



    29,156



    33,012

    Goodwill



    361,427



    361,427

    Restricted cash



    9,595



    9,595

    Other assets, non-current



    69,840



    55,506

    Total assets



    $        3,623,610



    $        3,655,760











    Liabilities and Stockholders' Equity









    Current liabilities:









    Accounts payable



    $             55,709



    $             82,757

    Accrued compensation and benefits



    137,669



    250,257

    Accrued expenses and other liabilities



    127,885



    135,755

    Operating lease liabilities, current



    44,819



    44,668

    Deferred revenue, current



    860,221



    852,247

    Total current liabilities



    1,226,303



    1,365,684

    Long-term debt



    100,000



    100,000

    Operating lease liabilities, non-current



    120,709



    123,201

    Deferred revenue, non-current



    741,255



    742,275

    Other liabilities, non-current



    61,370



    54,506

    Total liabilities



    2,249,637



    2,385,666

    Stockholders' equity:









    Common stock and additional paid-in capital



    2,890,317



    2,749,627

    Accumulated other comprehensive loss



    (5,584)



    (3,782)

    Accumulated deficit



    (1,510,760)



    (1,475,751)

    Total stockholders' equity



    1,373,973



    1,270,094

    Total liabilities and stockholders' equity



    $        3,623,610



    $        3,655,760

     

    PURE STORAGE, INC.

    Condensed Consolidated Statements of Operations

    (in thousands, except per share data, unaudited)





    First Quarter of Fiscal



    2025



    2024









    Revenue:







    Product

    $         347,384



    $         308,963

    Subscription services

    346,095



    280,344

    Total revenue

    693,479



    589,307

    Cost of revenue:







    Product (1)

    100,753



    96,213

    Subscription services (1)

    97,020



    79,747

    Total cost of revenue

    197,773



    175,960

    Gross profit

    495,706



    413,347

    Operating expenses:







    Research and development (1)

    193,820



    185,331

    Sales and marketing (1)

    250,972



    232,446

    General and administrative (1)

    76,787



    67,384

    Restructuring and impairment (2)

    15,901



    —

    Total operating expenses

    537,480



    485,161

    Loss from operations

    (41,774)



    (71,814)

    Other income (expense), net

    14,091



    11,749

    Loss before provision for income taxes

    (27,683)



    (60,065)

    Income tax provision

    7,326



    7,336

    Net loss

    $         (35,009)



    $         (67,401)









    Net loss per share attributable to common stockholders, basic and diluted

    $             (0.11)



    $             (0.22)

    Weighted-average shares used in computing net loss per share attributable to common

    stockholders, basic and diluted

    322,589



    305,863



    (1) Includes stock-based compensation expense as follows:



    Cost of revenue -- product

    $             2,782



    $             2,655

    Cost of revenue -- subscription services

    8,871



    5,647

    Research and development

    50,294



    38,232

    Sales and marketing

    23,519



    17,181

    General and administrative

    27,528



    14,115

    Total stock-based compensation expense

    $         112,994



    $           77,830



    (2) Includes expenses for severance and termination benefits related to workforce realignment and lease impairment and

    abandonment charges associated with cease-use of our former corporate headquarters.

     

    PURE STORAGE, INC.

    Condensed Consolidated Statements of Cash Flows

    (in thousands, unaudited)





    First Quarter of Fiscal



    2025



    2024









    Cash flows from operating activities







    Net loss

    $              (35,009)



    $              (67,401)

    Adjustments to reconcile net loss to net cash provided by operating activities:







    Depreciation and amortization

    33,943



    29,690

    Stock-based compensation expense

    112,994



    77,830

    Lease impairment and abandonment charges

    6,375



    —

    Other

    2,343



    (1,804)

    Changes in operating assets and liabilities:







    Accounts receivable, net

    238,768



    221,205

    Inventory

    2,406



    308

    Deferred commissions

    7,707



    (2,331)

    Prepaid expenses and other assets

    (9,219)



    (6,095)

    Operating lease right-of-use assets

    8,122



    11,001

    Accounts payable

    (26,581)



    (3,993)

    Accrued compensation and other liabilities

    (116,716)



    (89,082)

    Operating lease liabilities

    (10,587)



    (6,100)

    Deferred revenue

    6,954



    10,019

    Net cash provided by operating activities

    221,500



    173,247

    Cash flows from investing activities







    Purchases of property and equipment (1)

    (48,818)



    (51,424)

    Purchases of marketable securities and other

    (165,123)



    (128,788)

    Sales of marketable securities

    37,689



    43,040

    Maturities of marketable securities

    127,857



    288,373

    Net cash provided by (used in) investing activities

    (48,395)



    151,201

    Cash flows from financing activities







    Net proceeds from exercise of stock options

    13,223



    4,630

    Proceeds from issuance of common stock under employee stock purchase plan

    25,328



    21,219

    Principal payments on borrowings and finance lease obligations

    (1,099)



    (576,780)

    Proceeds from borrowing

    —



    100,000

    Tax withholding on vesting of equity awards

    (12,478)



    (6,759)

    Repurchases of common stock

    —



    (69,911)

    Net cash provided by (used in) financing activities

    24,974



    (527,601)

    Net increase (decrease) in cash, cash equivalents and restricted cash

    198,079



    (203,153)

    Cash, cash equivalents and restricted cash, beginning of period

    712,131



    591,398

    Cash, cash equivalents and restricted cash, end of period

    $             910,210



    $             388,245



    (1) Includes capitalized internal-use software costs of $4.5 million and $5.3 million for the first quarter of fiscal 2025 and 2024.

    Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures

    The following table presents non-GAAP gross margins by revenue source before certain items (in thousands except percentages, unaudited):





    First Quarter of Fiscal 2025



    First Quarter of Fiscal 2024





    GAAP

    results



    GAAP

    gross

    margin (a)



    Adjustment







    Non-

    GAAP

    results



    Non-

    GAAP

    gross

    margin (b)



    GAAP

    results



    GAAP

    gross

    margin (a)



    Adjustment







    Non-

    GAAP

    results



    Non-

    GAAP

    gross

    margin (b)































































    $      2,782



    (c)



















    $      2,655



    (c)





















    296



    (d)



















    147



    (d)





















    20



    (e)



















    —

























    3,306



    (f)



















    3,306



    (f)









    Gross profit --

    product



    $  246,631



    71.0 %



    $      6,404







    $ 253,035



    72.8 %



    $  212,750



    68.9 %



    $      6,108







    $  218,858



    70.8 %































































    $      8,871



    (c)



















    $      5,647



    (c)





















    867



    (d)



















    338



    (d)





















    309



    (e)



















    —

























    —























    13



    (g)









    Gross profit --

    subscription

    services



    $  249,075



    72.0 %



    $    10,047







    $ 259,122



    74.9 %



    $  200,597



    71.6 %



    $      5,998







    $  206,595



    73.7 %































































    $    11,653



    (c)



















    $      8,302



    (c)





















    1,163



    (d)



















    485



    (d)





















    329



    (e)



















    —

























    3,306



    (f)



















    3,306



    (f)





















    —























    13



    (g)









    Total gross

    profit



    $  495,706



    71.5 %



    $    16,451







    $ 512,157



    73.9 %



    $  413,347



    70.1 %



    $    12,106







    $  425,453



    72.2 %



    (a) GAAP gross margin is defined as GAAP gross profit divided by revenue.

    (b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue.

    (c) To eliminate stock-based compensation expense.

    (d) To eliminate payroll tax expense related to stock-based activities.

    (e) To eliminate expenses for severance and termination benefits related to workforce realignment.

    (f) To eliminate amortization expense of acquired intangible assets.

    (g) To eliminate payments to former shareholders of acquired company.

    The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts and percentages, unaudited):



    First Quarter of Fiscal 2025



    First Quarter of Fiscal 2024



    GAAP

    results



    GAAP

    operating

    margin (a)



    Adjustment







    Non-

    GAAP

    results



    Non-

    GAAP

    operating

    margin (b)



    GAAP

    results



    GAAP

    operating

    margin (a)



    Adjustment





    Non-

    GAAP

    results



    Non-

    GAAP

    operating

    margin (b)

























































    $    112,994



    (c)



















    $     77,830



    (c)

















    —























    885



    (d)

















    9,400



    (e)



















    4,815



    (e)

















    —























    4,070



    (f)

















    3,536



    (g)



















    3,839



    (g)

















    9,855



    (h)



















    —





















    6,375



    (i)



















    —











    Operating

    income (loss)

    $  (41,774)



    -6.0 %



    $    142,160







    $  100,386



    14.5 %



    $   (71,814)



    -12.2 %



    $     91,439





    $  19,625



    3.3 %

























































    $    112,994



    (c)



















    $     77,830



    (c)

















    —























    885



    (d)

















    9,400



    (e)



















    4,815



    (e)

















    —























    4,070



    (f)

















    3,536



    (g)



















    3,839



    (g)

















    9,855



    (h)



















    —





















    6,375



    (i)



















    —





















    153



    (j)



















    647



    (j)







    Net income

    (loss)

    $  (35,009)







    $    142,313







    $  107,304







    $   (67,401)







    $     92,086





    $  24,685



















































    Net income

    (loss) per

    share -- diluted

    $      (0.11)















    $     0.32







    $       (0.22)













    $      0.08





    Weighted-

    average

    shares used in

    per share

    calculation -- 

    diluted

    322,589







    15,959



    (k)



    338,548







    305,863







    11,134



    (k)

    316,997







    (a) GAAP operating margin is defined as GAAP operating loss divided by revenue.

    (b) Non-GAAP operating margin is defined as non-GAAP operating income divided by revenue.

    (c) To eliminate stock-based compensation expense.

    (d) To eliminate payments to former shareholders of acquired company.

    (e) To eliminate payroll tax expense related to stock-based activities.

    (f) To eliminate duplicate lease costs during the transition of our corporate headquarters.

    (g) To eliminate amortization expense of acquired intangible assets.

    (h) To eliminate expenses for severance and termination benefits related to workforce realignment.

    (i) To eliminate lease impairment and abandonment charges associated with cease-use of our former corporate headquarters.

    (j) To eliminate amortization expense of debt issuance costs related to our debt.

    (k) To include effect of dilutive securities (employee stock options, restricted stock, and shares from employee stock purchase plan).

    Reconciliation from net cash provided by operating activities to free cash flow (in thousands except percentages, unaudited):



    First Quarter of Fiscal



    2025



    2024

    Net cash provided by operating activities

    $               221,500



    $             173,247

    Less: purchases of property and equipment (1)

    (48,818)



    (51,424)

    Free cash flow (non-GAAP)

    $               172,682



    $             121,823



    (1) Includes capitalized internal-use software costs of $4.5 million and $5.3 million for the first quarter of fiscal 2025 and 2024.

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pure-storage-announces-first-quarter-fiscal-2025-financial-results-302158377.html

    SOURCE Pure Storage

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      WASHINGTON and SANTA CLARA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ:NTNX), a leader in hybrid multicloud computing, and Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage platform and services, today announced a partnership aimed at providing a deeply integrated solution that will allow customers to seamlessly deploy and manage virtual workloads on a scalable modern infrastructure. This integrated solution comes at a pivotal time for customers as the virtualization market evolution is top of mind. IT leaders are focused on helping their organizations maintain pace with the rapidly changing technology landscape while

      5/7/25 10:15:00 AM ET
      $NTNX
      $PSTG
      Computer Software: Prepackaged Software
      Technology
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    • Pure Storage Announces Date and Conference Call Information for First Quarter Fiscal 2026 Financial Results

      SANTA CLARA, Calif., May 6, 2025 /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 28, at 2:00 p.m. PT to discuss its financial results for first quarter fiscal 2026 ended May 4, 2025. This conference call will be held following the release of Pure Storage's financial results. First Quarter Fiscal 2026 Conference Call Details A live audio broadcast of the conference call will be available at the Pure Storage Investor Relations w

      5/6/25 4:05:00 PM ET
      $PSTG
      Electronic Components
      Technology
    • Varonis Announces Partnership With Pure Storage

      MIAMI and SANTA CLARA, Calif., April 21, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS) today announced a new partnership with Pure Storage (NYSE:PSTG), a leading provider of advanced data storage technology and services. As the first data security company to natively integrate with Pure Storage, Varonis enables customers to proactively secure their sensitive data, detect threats, and comply with evolving data and AI privacy rules. Pure Storage enhances cyber resilience with immutable snapshots that allow rapid recovery after a cyber incident. Together, Varonis and Pure Storage deliver a powerful data security and cyber resilience solution that helps prevent data breaches an

      4/21/25 9:00:37 AM ET
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      $VRNS
      Electronic Components
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      Computer Software: Prepackaged Software

    $PSTG
    SEC Filings

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    • SEC Form DEFA14A filed by Pure Storage Inc.

      DEFA14A - Pure Storage, Inc. (0001474432) (Filer)

      5/2/25 4:19:57 PM ET
      $PSTG
      Electronic Components
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    • SEC Form DEF 14A filed by Pure Storage Inc.

      DEF 14A - Pure Storage, Inc. (0001474432) (Filer)

      5/2/25 4:18:41 PM ET
      $PSTG
      Electronic Components
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    • SEC Form S-8 filed by Pure Storage Inc.

      S-8 - Pure Storage, Inc. (0001474432) (Filer)

      3/27/25 6:30:40 AM ET
      $PSTG
      Electronic Components
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    $PSTG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Chief Revenue Officer Fitzsimons Dan sold $285,429 worth of Class A Common Stock (6,977 units at $40.91), decreasing direct ownership by 7% to 90,223 units (SEC Form 4)

      4 - Pure Storage, Inc. (0001474432) (Issuer)

      4/23/25 4:04:36 PM ET
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    • Chief Product Officer Singh Ajay covered exercise/tax liability with 26,554 units of Class A Common Stock, decreasing direct ownership by 8% to 291,104 units (SEC Form 4)

      4 - Pure Storage, Inc. (0001474432) (Issuer)

      3/24/25 4:40:26 PM ET
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      Electronic Components
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    • Chief Visionary Officer Colgrove John covered exercise/tax liability with 18,902 shares, decreasing direct ownership by 0.30% to 6,348,376 units (SEC Form 4)

      4 - Pure Storage, Inc. (0001474432) (Issuer)

      3/24/25 4:39:33 PM ET
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      Electronic Components
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    $PSTG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Barclays reiterated coverage on Pure Storage with a new price target

      Barclays reiterated coverage of Pure Storage with a rating of Equal Weight and set a new price target of $61.00 from $56.00 previously

      12/4/24 8:44:25 AM ET
      $PSTG
      Electronic Components
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    • Wells Fargo reiterated coverage on Pure Storage with a new price target

      Wells Fargo reiterated coverage of Pure Storage with a rating of Overweight and set a new price target of $80.00 from $75.00 previously

      12/4/24 8:43:43 AM ET
      $PSTG
      Electronic Components
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    • Citigroup reiterated coverage on Pure Storage with a new price target

      Citigroup reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $75.00 from $63.00 previously

      12/4/24 8:43:43 AM ET
      $PSTG
      Electronic Components
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    $PSTG
    Financials

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    • Pure Storage Announces Date and Conference Call Information for First Quarter Fiscal 2026 Financial Results

      SANTA CLARA, Calif., May 6, 2025 /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 28, at 2:00 p.m. PT to discuss its financial results for first quarter fiscal 2026 ended May 4, 2025. This conference call will be held following the release of Pure Storage's financial results. First Quarter Fiscal 2026 Conference Call Details A live audio broadcast of the conference call will be available at the Pure Storage Investor Relations w

      5/6/25 4:05:00 PM ET
      $PSTG
      Electronic Components
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    • Pure Storage Announces Fiscal Fourth Quarter and Full Year 2025 Financial Results

      Delivers double-digit revenue growth and strong profitability in Q4 Full year 2025 revenue surpasses $3 billion, representing growth of 12% year-over-year SANTA CLARA, Calif., Feb. 26, 2025 /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 fiscal fourth quarter and full year 2025 ended February 2, 2025. "Pure Storage delivered solid fourth quarter and full year results as we fundamentally transform data storage and management for enterprises and hype

      2/26/25 4:05:00 PM ET
      $PSTG
      Electronic Components
      Technology
    • Pure Storage Announces Date and Conference Call Information for Fiscal Fourth Quarter and Full Year 2025 Financial Results

      SANTA CLARA, Calif., Feb. 5, 2025 /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 26 at 2:00 p.m. PT to discuss its financial results for fiscal fourth quarter and full year 2025 ended February 2, 2025. This conference call will be held following the release of Pure Storage's financial results. Fiscal Q4 and Full Year 2025 Conference Call DetailsA live audio broadcast of the conference call will be available at the Pure S

      2/5/25 4:10:00 PM ET
      $PSTG
      Electronic Components
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    $PSTG
    Leadership Updates

    Live Leadership Updates

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    • Pure Storage Set to Join S&P MidCap 400; Patterson Companies to Join S&P SmallCap 600

      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

      1/2/24 6:21:00 PM ET
      $CHS
      $PDCO
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      Clothing/Shoe/Accessory Stores
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    • Pure Storage Appoints Lynn Lucas as Chief Marketing Officer

      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

      12/5/23 9:00:00 AM ET
      $PSTG
      Electronic Components
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    • Freshworks Appoints Johanna Jackman as Chief People Officer

      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

      8/28/23 8:00:00 AM ET
      $FRSH
      $PSTG
      Computer Software: Prepackaged Software
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    $PSTG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13G/A filed by Pure Storage Inc.

      SC 13G/A - Pure Storage, Inc. (0001474432) (Subject)

      7/8/24 4:32:39 PM ET
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    • SEC Form SC 13G/A filed by Pure Storage Inc. (Amendment)

      SC 13G/A - Pure Storage, Inc. (0001474432) (Subject)

      2/12/24 11:21:35 AM ET
      $PSTG
      Electronic Components
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    • SEC Form SC 13G/A filed by Pure Storage Inc. (Amendment)

      SC 13G/A - Pure Storage, Inc. (0001474432) (Subject)

      2/12/24 10:50:01 AM ET
      $PSTG
      Electronic Components
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