Core Insights - The demand for data storage stocks is driven by the explosion of data from AI, cloud computing, and digital transformation, with Seagate Technology Holdings plc (STX) and Pure Storage Inc. (PSTG) representing traditional HDDs and modern enterprise flash storage, respectively [1][24] Market Overview - The global data storage market is projected to grow from $298.5 billion in 2026 to $984.6 billion by 2034, at a CAGR of 16% [2] - The HDD market is expected to expand from $51.8 billion in 2026 to $69.7 billion by 2031, at a CAGR of 6%, while the enterprise flash storage market is projected to grow from $29.04 billion in 2025 to $49.87 billion by 2030, at an 11.42% CAGR [2] Seagate Technology Holdings (STX) - Seagate reported record revenue of $2.83 billion in the fiscal second quarter, a 22% increase year over year, driven by strong demand for HAMR drives and data centers [4][7] - The company has a fully booked capacity through 2026 and anticipates continued revenue and profit growth, with average nearline drive capacity increasing 22% year over year to nearly 23 TB per drive [5][8] - Seagate's strong cash flow supports ongoing investment in innovation and shareholder returns, with $154 million returned to shareholders in the fiscal second quarter [9] - The company faces challenges from forex volatility, competition, and high debt levels, with long-term debt at $4.5 billion as of January 2, 2026 [10] Pure Storage Inc. (PSTG) - Pure Storage's revenue grew 16% year over year to $964.5 million in the fiscal third quarter, driven by strong demand for FlashBlade and enterprise offerings [13] - The company raised its fiscal 2026 revenue outlook to $3.63–$3.64 billion, indicating 14.5–14.9% year-over-year growth [14] - However, Pure Storage faces headwinds from competition, rising NAND costs, and macroeconomic uncertainty, which could pressure pricing and margins [11][12] - The company plans to invest in R&D and has authorized an additional $400 million for share repurchase [15] Valuation and Performance - Over the past month, STX and PSTG have gained 62.1% and 8.3%, respectively, with STX trading at 35.8X forward earnings compared to PSTG's 95.9X [16][17] - The Zacks Consensus Estimate for STX's earnings for fiscal 2026 has been revised up by 2.7% to $11.61, while PSTG's estimate has been revised down by 1% to $1.95 [19][23] - STX is currently rated as a Zacks Rank 1 (Strong Buy), while PSTG holds a Zacks Rank 4 (Sell), indicating a more favorable investment outlook for STX [24]

Pure Storage, Inc. (NYSE:PSTG) is one of the stocks Jim Cramer answered questions about. Toward the end of the lightning round, a caller asked for Cramer’s thoughts on the company, and he replied: You know, I hadn’t thought about that. It has a flash array that, data could be stored on flash arrays without a problem. But it does sell at extremely high price-to-earnings multiple. And again, I’m staying away from those stocks because I am concerned that we could have a higher interest rate spike, and these ...

It’s been well over 2 years since my first article on Pure Storage ( PSTG ), so it was time for a quick update to see how the company has performed andMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have no stock, option or similar derivati ...

Key Takeaways PSTG authorized its largest-ever $400M share repurchase, adding to $20M remaining under a prior $250M plan.PSTG posted 16% revenue growth to $964M and a record 20.3% operating margin in the last reported quarterPSTG ended Q3 with $1.5B in cash and returned $53M via buybacks, while continuing to invest in growth.Pure Storage (PSTG) is emphasizing shareholder returns, supported by improving operating performance and stronger cash flow visibility. Last month, the company announced its “largest-ev ...

We came across a bullish thesis on Pure Storage, Inc. (PSTG) on Chip Stock Investor’s YouTube Channel. In this article, we will summarize the bulls’ thesis on PSTG. Pure Storage, Inc. (PSTG)'s share was trading at $75.41 as of January 13th. PSTG’s trailing and forward P/E were 198.45 and 35.84, respectively according to Yahoo Finance. Fermi (FRMI) Drops to All-Time Low Pure Storage is currently facing investor skepticism following its latest earnings update, with concerns centered on future profitability ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

PresentationMichael CikosNeedham & Company, LLC, Research Division Great. Thank you, everyone, for joining Needham's Growth Conference here. My name is Mike Cikos, I'm the lead analyst covering cybersecurity and infrastructure software. I'm pleased to say that we have with us Coz and Sandra from Pure Storage for this upcoming fireside chat. I have a list of prepared questions on my side. We'll be going through but we also have a Q&A function for you guys as well. [Operator Instructions] I'm just going to g ...

Summary of Pure Storage Conference Call Company Overview - **Company**: Pure Storage - **Industry**: Data Storage and Cloud Services - **Founded**: October 2009 - **Key Products**: All-flash storage solutions, Evergreen business model, Evergreen//One storage as a service [3][4][6] Core Points and Arguments Market Position and Strategy - Pure Storage aims to lead the transition from hard disk drives (HDD) to all-flash storage, emphasizing simplicity and reliability in enterprise technology [4][5] - The Evergreen business model allows for non-disruptive upgrades, making capital purchases more akin to subscription services [5][6] - Evergreen//One service is positioned as a superior alternative to traditional CapEx purchases, offering guaranteed performance and SLAs, including ransomware protection [9][10] Market Dynamics - Current market sentiment shows a mix of customers preferring CapEx due to perceived low capital costs, but rising NAND prices may shift demand towards Evergreen//One [8][12] - Total cost of ownership (TCO) is a critical factor in customer decision-making, with flash storage offering longer lifespans and lower long-term costs compared to HDDs [11][12] - Recent increases in NAND prices have historically provided a slight revenue tailwind for Pure Storage, while falling prices have led to increased sales volume but lower revenue per gigabyte [13][14] AI and Data Cloud Initiatives - The Enterprise Data Cloud is a strategic focus, enhancing customer agility and governance in data management, particularly in the context of AI [18][20] - FlashBlade Exa product is designed to meet the performance needs of AI applications, with significant interest from hyperscale and tech titan customers [21][28] - The company is adapting its offerings to better serve the evolving needs of AI-driven data centers [15][21] Competitive Landscape - New entrants in the storage market are primarily seen in the GPU cloud segment, while traditional enterprise markets remain dominated by established competitors [47][48] - Pure Storage's efficiency and product density position it favorably against competitors, especially as pricing pressures increase across the industry [48][49] Customer Engagement and Product Adoption - There is growing traction for KubeVirt and Portworx as alternatives to VMware, reflecting a shift towards modern virtualization solutions [53][54] - The company anticipates increased demand for Evergreen//One as market conditions tighten and supply becomes more constrained [52] NVIDIA Partnership - Pure Storage is a partner of NVIDIA, engaging in the rapidly evolving GPU cloud market, although the impact of NVIDIA's new rack designs on traditional enterprise storage remains uncertain [55][56] Additional Important Insights - The company is cautious about projecting shipment volumes for fiscal 27, indicating a focus on maintaining consistent communication with stakeholders [40][41] - The evolving landscape of AI and data management is driving significant changes in customer expectations and product development strategies [21][22] This summary encapsulates the key points discussed during the Pure Storage conference call, highlighting the company's strategic direction, market dynamics, and competitive positioning in the data storage industry.

Company Overview - Khaveen Investments is a global Investment Advisory Firm focused on serving the investment needs of high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the Securities Exchange Commission (SEC) [1] - It offers a range of services including market and security research, business valuation, and wealth management [1] Investment Strategy - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, blending three core strategies: global macro, fundamental, and quantitative [1] Core Expertise - The company specializes in disruptive technologies that are transforming modern industries, including Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Company Overview - Khaveen Investments is a global investment advisory firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the Securities Exchange Commission (SEC) [1] - It offers comprehensive services including market and security research, business valuation, and wealth management [1] Investment Strategy - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, blending three core strategies: global macro, fundamental, and quantitative [1] Core Expertise - The firm's core expertise lies in disruptive technologies that are reshaping modern industries [1] - Key focus areas include Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]