Pure Storage (PSTG) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.28%. A quarter ago, it was expected that this data storage company would post earnings of $0.38 per share when it actually produced earnings of $0.44, delivering a surprise of 15.79%.Over the last four quarters, th ...

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 rely ...

Pure Storage (PSTG) stock rocketed higher late Tuesday after the enterprise data storage company reported third-quarter earnings and sales that beat expectations. The company also said it had won a "design win" with a top-four hyperscale cloud provider for its DirectFlash data storage technology. Pure Storage said in a news release that it earned an adjusted 50 cents per share on sales of $831 million for its quarter that ended Nov. 3. Analysts polled by FactSet projected the Santa Clara, Calif.-based compa ...

| --- | --- | --- | |----------------|-------|-------| | | | | | | | | | | | | | | | | | Q3 Fiscal 2025 | | | Note about 52/53 week fiscal year: We use a 52/53 week fiscal year ending on the first Sunday after January 30. The FY22 period presented contains 53 weeks whereas all other fiscal year periods presented contain 52 weeks. Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business and operations, including but not limited ...

Awarded industry-first design win from a top-four hyperscalerSANTA 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 ...

Pure Storage, Inc (PSTG) is scheduled to report third-quarter fiscal 2025 earnings on Dec. 3, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.PSTG expects revenues to be $815 million for the quarter, implying an increase of 6.8% from the year-ago figure. The Zacks Consensus Estimate is pegged at $814.8 million, indicating an improvement of 6.8% from the prior-year level.The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, suggesting a dec ...

Analysts on Wall Street project that Pure Storage (PSTG) will announce quarterly earnings of $0.43 per share in its forthcoming report, representing a decline of 14% year over year. Revenues are projected to reach $814.77 million, increasing 6.8% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...

Pure Storage TodayPSTGPure Storage$53.75 +2.09 (+4.05%) 52-Week Range$31.00▼$70.41P/E Ratio134.38Price Target$67.95Add to WatchlistPure Storage Inc. NYSE: PSTG is a leading enterprise data storage provider specializing in all-flash storage solutions using solid-state drives (SSDs). Their FlashArray is designed for low latency, scalable and reliable storage for applications requiring high-speed access to massive datasets like machine learning (ML), real-time analytics, virtual machines and high-performance ...

Company also announces certification of FlashBlade//S500 with NVIDIA DGX SuperPOD for the most demanding AI data center requirementsSANTA 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 Storag ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Pure Storage (PSTG) .Pure Storage currently has an average brokerage recommendation (ABR) of 1. ...