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 |
|---|---|---|---|
| 11/15/2024 | Neutral | Cleveland Research | |
| 11/13/2024 | $70.00 | Outperform | Oppenheimer |
| 10/17/2024 | $72.00 → $93.00 | Buy | Guggenheim |
| 8/29/2024 | $80.00 → $62.00 | Buy | Needham |
| 8/29/2024 | $80.00 → $70.00 | Buy | TD Cowen |
| 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 |
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4 - Pure Storage, Inc. (0001474432) (Issuer)
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
Additional industry first innovations in the Pure Storage platform provide financial flexibility through Universal Credits and a new VM assessment to optimize VMware resources SANTA CLARA, Calif. and LONDON, Sept. 24, 2024 /PRNewswire/ -- Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced new innovations to the Pure Storage platform, including Real-time Enterprise File, dynamic file services that change, adapt and reconfigure in real-time to meet the fast paced demands of modern applications. Additional new innovations include a virtual machine (VM) assessment and industry-first Universal Credits, extendi
Latest recognition marks eleventh consecutive year of Pure Storage being recognized as a Gartner Magic Quadrant Leader SANTA CLARA, Calif., Sept. 20, 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 recognized by Gartner as a Leader in the Magic Quadrant for Primary Storage Platforms, positioned highest on the Ability to Execute axis and furthest on the Completeness of Vision axis. The latest recognition by Gartner marks the fifth consecutive year that Pure Storage has been positioned highest and furthest in this report, as well as the eleventh consecutive year as a Gartner
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., 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
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
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Cleveland Research initiated coverage of Pure Storage with a rating of Neutral
Oppenheimer initiated coverage of Pure Storage with a rating of Outperform and set a new price target of $70.00
Guggenheim reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $93.00 from $72.00 previously
TD Cowen reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $70.00 from $80.00 previously
Needham reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $62.00 from $80.00 previously
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
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
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