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 |
|---|---|---|---|
| 12/4/2024 | $56.00 → $61.00 | Equal Weight | Barclays |
| 12/4/2024 | $75.00 → $80.00 | Overweight | Wells Fargo |
| 12/4/2024 | $63.00 → $75.00 | Buy | Citigroup |
| 12/4/2024 | $60.00 → $75.00 | Overweight | Analyst |
| 12/4/2024 | $62.00 → $75.00 | Buy | Needham |
| 12/4/2024 | $60.00 → $65.00 | Hold | Stifel |
| 12/4/2024 | $70.00 → $75.00 | Outperform | Evercore ISI |
| 12/4/2024 | $70.00 → $80.00 | Buy | TD Cowen |
| 12/4/2024 | $56.00 → $76.00 | Neutral → Overweight | Piper Sandler |
| 11/15/2024 | Neutral | Cleveland Research |
Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif., Dec. 3, 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 third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo. "This win is
SANTA CLARA, Calif., Nov. 12, 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 Tuesday, December 3 at 2:00 p.m. PT to discuss its financial results for the third quarter fiscal year 2025 ended November 3, 2024. This conference call will be held following the release of Pure Storage's financial results. Third Quarter Fiscal 2025 Conference Call DetailsA live audio broadcast of the conference call will be available at the Pure Storage Inve
Q2 total revenue growth of 11% year-over-yearSubscription services ARR growing 24% year-over-year SANTA CLARA, Calif., Aug. 28, 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 second quarter fiscal year 2025 ended August 4, 2024. "In a world where energy demands are soaring, the power savings of Pure Storage alone make the move from hard disks to Pure technology a smart choice for both hyperscaler and enterprise data centers," said Pure Storag
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
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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
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
Citigroup reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $75.00 from $63.00 previously
Analyst reiterated coverage of Pure Storage with a rating of Overweight and set a new price target of $75.00 from $60.00 previously
Needham reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $75.00 from $62.00 previously
Evercore ISI reiterated coverage of Pure Storage with a rating of Outperform and set a new price target of $75.00 from $70.00 previously
Stifel reiterated coverage of Pure Storage with a rating of Hold and set a new price target of $65.00 from $60.00 previously
TD Cowen reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $80.00 from $70.00 previously
Piper Sandler upgraded Pure Storage from Neutral to Overweight and set a new price target of $76.00 from $56.00 previously
Cleveland Research initiated coverage of Pure Storage with a rating of Neutral
SANTA CLARA, Calif., Jan. 7, 2025 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the expansion of its strategic collaboration with Micron Technology, Inc. (NASDAQ:MU), a global leader in memory and storage solutions. This strategic collaboration enables the high-capacity and energy-efficient solutions that hyperscalers require using Micron G9 QLC NAND for future DirectFlash® Module products. The joint effort continues a decade-long initiative of integrating Micron's latest
SANTA CLARA, Calif., Dec. 3, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a collaboration with Kioxia Corporation ("Kioxia"), a world leader in memory solutions, to develop cutting-edge technology that addresses the growing demand for high-performance, scalable storage infrastructure among today's hyperscale environments. Industry Significance: Traditional storage solutions, particularly those relying on hard disk drives (HDDs), struggle to meet the demands of hypers
Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif., Dec. 3, 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 third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo. "This win is
Company also announces certification of FlashBlade//S500 with NVIDIA DGX SuperPOD for the most demanding AI data center requirements SANTA CLARA, Calif., Nov. 18, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the expansion of its AI solutions with the new Pure Storage GenAI Pod, a full-stack solution providing turnkey designs built on the Pure Storage platform. Organizations can use the Pure Storage GenAI Pod to accelerate AI-powered innovation and reduce the time, cost, and specialty technical skills required to deploy generative AI (GenAI) projects. As part of today's news, Pure S
SANTA CLARA, Calif., Nov. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer delivering the world's most advanced data storage technologies and services, and CoreWeave, the AI Hyperscaler™, today announced Pure Storage's strategic investment in CoreWeave to accelerate AI cloud services innovation. Alongside the investment, the companies unveiled a strategic partnership, enabling customers to leverage the Pure Storage platform within CoreWeave Cloud. Building on their shared success with some of the world's most advanced AI companies, this collaboration helps to
SANTA CLARA, Calif., Nov. 12, 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 Tuesday, December 3 at 2:00 p.m. PT to discuss its financial results for the third quarter fiscal year 2025 ended November 3, 2024. This conference call will be held following the release of Pure Storage's financial results. Third Quarter Fiscal 2025 Conference Call DetailsA live audio broadcast of the conference call will be available at the Pure Storage Inve
Unveiling the first fully-managed block Storage-as-a-Service (STaaS) offering for Azure VMware Solution, Pure Storage platform reduces complexity of cloud VMware migration for global customers SANTA CLARA, Calif., Nov. 4, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced Pure Storage Cloud for Microsoft Azure VMware Solution (AVS), a new fully managed block storage-as-a-service (STaaS) offering available for AVS. This new solution, soon to be in preview, will be offered as an Azure Native integration.
Pure Storage Platform central to AI projects, and supports 10x faster content production and delivery SANTA CLARA, Calif., Oct. 29, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, has announced the modernization of the IT infrastructure of AC Milan, one of the world's leading and most historic football clubs. Customer Challenge:AC Milan, a giant in world football with a global fanbase, recognized the potential of technology to help the club achieve two strategic goals – delivering th
SANTA CLARA, Calif., Oct. 11, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it has been positioned by Gartner® as a Leader in the Magic Quadrant™ for File and Object Storage Platforms for both its Completeness of Vision and Ability to Execute, in the rapidly growing storage market for unstructured data. Industry Significance: The proliferation of technologies and emerging trends like AI, analytics, and the Internet of Things has driven a surge in file and object data.
Combined Strengths: Rubrik Security Cloud and Pure Storage Platform provide a modern solution architecture for short- and long-term data storage and protection. Data, the New Currency: Partnership ensures organizations' critical data is secure and quickly recoverable with solid performance, scalability, and cost management. Data is the new currency in today's digital economy. However, organizations face unprecedented challenges with exponential data growth, including performance bottlenecks, a lack of practical data visibility, and increasing cyber threats. Today, Rubrik, Inc. (NYSE:RBRK), the Zero Trust Data Security™ company, and Pure Storage (NYSE:PSTG), the IT pioneer that delivers
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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