The latest trading session saw Pure Storage (PSTG) ending at $53.84, denoting a +1.85% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 1.04%. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%. The the stock of data storage company has fallen by 18.89% in the past month, lagging the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%. Investors will be eagerly watching for the performan ...

What is Implied Volatility? Given the way analysts feel about Pure Storage right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Implied volatility shows how much movement the market is expecting i ...

Analysts and investors alike will be keeping a close eye on the performance of Pure Storage in its upcoming earnings disclosure. On that day, Pure Storage is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 11.76%. Alongside, our most recent consensus estimate is anticipating revenue of $756.73 million, indicating a 9.88% upward movement from the same quarter last year. Based on our research, we believe these estimate revisions are directly related to near-team ...

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. What are the Zacks Style Scores? Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the bette ...

Pure Storage (PSTG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this data storage company have returned -2.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Computer- Storage Devices industry, to which Pure Storage belongs, has lost 7% over this period. Now the key question is: Where could the stock be headed in the near term? Although m ...

Pure Storage (PSTG) closed the most recent trading day at $59.75, moving -1.45% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.78%. Elsewhere, the Dow saw a downswing of 1.29%, while the tech-heavy Nasdaq depreciated by 0.7%. It's also important for investors to be aware of any recent modifications to analyst estimates for Pure Storage. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estima ...

Hybrid Cloud Architecture - Hybrid cloud computing integrates on-premises, private, public, and edge environments into a single platform, enhancing efficiency and scalability [8] - The hybrid cloud market is projected to grow from $129 68 billion in 2024 to $352 28 billion by 2029, at a CAGR of 22 12% [8] - Pure Storage offers solutions that support hybrid cloud architecture, benefiting from this market growth [8] Pure Storage Products and Services - **FlashArray and FlashBlade**: FlashArray handles block and file workloads, while FlashBlade is optimized for file, object, and AI workloads [3][43] - **Purity Software**: Powers FlashArray, FlashBlade, and Cloud Block Store, offering secure, scalable, and efficient data services [4] - **Cloud Block Store**: Extends Purity data architecture into public clouds like Azure and AWS [51] - **Pure Fusion**: A SaaS application that automates storage management across hybrid cloud environments using AI [5] - **Portworx**: A platform for Kubernetes that provides data services like disaster recovery and storage management [13] - **Evergreen Services**: Includes Evergreen//One (STaaS), Evergreen//Flex (consumption-based), and Evergreen//Forever (traditional subscription), enabling non-disruptive upgrades and reducing hardware obsolescence [45] Financial Performance and Trends - Subscription revenue grew from 25% of total revenue in 2020 to 43% in 2024, reflecting a shift towards higher-margin subscription services [6][39] - In Q1 FY 2025, product revenue grew 12% YoY, while subscription revenue grew 23% YoY, now accounting for nearly 50% of total revenue [15] - Non-GAAP operating margin improved from 3 3% in Q1 FY 2024 to 14 5% in Q1 FY 2025, with guidance for further improvement to 17% in FY 2025 [17][74] - Free Cash Flow (FCF) for the trailing 12 months was $533 42 million, with $1 72 billion in cash and short-term investments and $100 million in long-term debt [27] Market Share and Competitive Landscape - Pure Storage holds a 21 1% market share in the enterprise storage market, gaining share primarily from Dell/EMC [46] - The company is the second-largest player in the all-flash storage market, with a 19 9% market share as of CY 2023 [59] - Competition from private vendors like Hammerspace, Weka, and VAST Data, as well as established players like NetApp and Dell, poses a risk to market share growth [29] Secular Trends Driving Growth - **AI and HPC**: The proliferation of AI and high-performance computing drives demand for faster, more efficient storage solutions [10][67] - **Unstructured Data Growth**: Flash memory is better suited for handling large volumes of unstructured data compared to HDDs [55] - **Energy Efficiency**: Pure Storage's DirectFlash Modules are up to 10x more energy-efficient than HDDs, addressing data center energy consumption concerns [55] Valuation and Future Outlook - The stock trades at a P/S ratio of 7 6, above the IT sector median of 3 03, and a P/FCF ratio of 41 93, well above peers [18][19] - Analysts project revenue growth of 17 45% CAGR over the next eight years, reaching $10 25 billion by FY 2032 [20][76] - The company's reverse DCF analysis suggests a potential intrinsic value of $83 50, indicating 23 3% upside from the current price [20] Risks and Challenges - Competition from private and established vendors could impact market share and growth [29] - High capital expenditures, at 7% of revenue, are a drag on FCF margins compared to competitors like NetApp [28]

The investment community will be closely monitoring the performance of Pure Storage in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.38, reflecting a 11.76% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $756.73 million, reflecting a 9.88% rise from the equivalent quarter last year. It is also worth noting that PSTG currently has a PEG ratio of 1.9. This popular metric is similar to th ...

For Q2 2024, the estimated (year-over-year) earnings growth rate for the S&P 500 is 8.8%. In terms of estimate revisions for companies in the S&P 500, analysts in aggregate have lowered earnings estimates slightly for Q2 2024. As a result, the estimated (year-over-year) earnings growth rate for Q2 2024 is slightly below the estimate at the start of the quarter. How professional sandbagging works on Wall Street These buy-side analysts know that their clients will be far more forgiving of earnings estimates t ...

Despite today's pullback, Pure Storage stock is still up roughly 77% year to date. Pure Storage (PSTG -4.21%) stock is slipping in Tuesday's trading. The company's share price was down 4.2% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence. The sell-off on Pure Storage stock follows bearish coverage from a financial analysis firm. Before the market opened this morning, UBS published a research note downgrading its rating on Pure Storage from neutral to sell. Interestingly, UBS actual ...