Core Viewpoint - Pure Storage (PSTG) is experiencing a decline in stock performance, with a recent closing price of $67.89, reflecting a -1.48% change from the previous session, while the broader market indices showed gains [1] Company Performance - Pure Storage is expected to report earnings on February 26, 2025, with an anticipated EPS of $0.43, representing a 14% decrease compared to the same quarter last year [2] - Revenue is projected to reach $869.92 million, indicating a 10.14% increase year-over-year [2] - Over the past month, shares of Pure Storage have decreased by 1.67, contrasting with a 1.76% gain in the Computer and Technology sector and a 2.37% gain in the S&P 500 [1] Analyst Estimates - Recent changes in analyst estimates for Pure Storage are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks Pure Storage at 3 (Hold), suggesting a neutral outlook [5] Valuation Metrics - Pure Storage has a Forward P/E ratio of 35.95, which is significantly higher than the industry average of 16.28 [6] - The company holds a PEG ratio of 1.92, compared to the industry average PEG ratio of 2.27, indicating a relatively favorable valuation in terms of expected earnings growth [7] Industry Context - The Computer-Storage Devices industry, part of the broader Computer and Technology sector, has a Zacks Industry Rank of 178, placing it in the bottom 30% of over 250 industries [7][8] - The Zacks Industry Rank suggests that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [8]

Core Insights - Pure Storage, Inc. (PSTG) has achieved a remarkable 58.5% stock gain over the past year, significantly outperforming the Computer Storage Devices industry's decline of 9.2% and surpassing the growth of the Zacks Computer and Technology sector and the S&P 500 composite, both at 22% [1][2] Financial Performance - In the last reported quarter, PSTG's revenues increased by 9% year-over-year to $831.1 million, exceeding the Zacks Consensus Estimate by 2% [6] - Subscription services revenues accounted for 45.3% of total revenues, amounting to $376.4 million, which represents a 22% increase driven by strong renewals of Evergreen subscriptions [6] - The company has raised its revenue forecast for fiscal 2025 to $3.15 billion, reflecting an 11.5% year-over-year growth, up from a previous estimate of $3.1 billion with 10.5% growth [10] - Non-GAAP operating income guidance has been increased to $540 million from $532 million, maintaining a non-GAAP operating margin estimate of 17% [11] Product and Market Developments - There is accelerating demand for FlashBlade solutions, particularly FlashBlade//E, which is becoming the preferred storage choice for data center operators due to cost-effectiveness [5] - The launch of Pure Storage GenAI Pod aims to simplify the deployment of generative AI projects, providing full-stack solutions that reduce implementation time and costs [8] - The company has secured a significant design win for its DirectFlash technology with a top-four hyperscaler, which is expected to become the standard for hyperscaler online storage by 2026 [12] Strategic Collaborations - PSTG has deepened its partnership with Kioxia to enhance the development of high-performance storage solutions [13] - The company has extended its collaboration with Micron Technology to integrate advanced NAND technology into its data solutions [14] Competitive Landscape - PSTG faces increasing competition in the flash-based storage market, which may lead to a decline in average selling prices (ASP) [15] - The overall market is experiencing subdued IT spending, which has impacted the anticipated performance of Evergreen//One [16] Valuation Concerns - PSTG's stock is currently trading at a forward Price/Earnings ratio of 34.89X, significantly higher than the industry's 16.42X, indicating high growth expectations but also raising concerns about valuation [19]

Group 1: Company Performance - Pure Storage (PSTG) closed at $69.71, reflecting a -0.36% change from the previous day, underperforming the S&P 500's 0.36% gain [1] - Over the past month, shares of Pure Storage gained 8.87%, outperforming the Computer and Technology sector's 0% and the S&P 500's 2.11% [1] Group 2: Upcoming Earnings Report - Pure Storage is scheduled to release its earnings on February 26, 2025, with projected earnings per share (EPS) of $0.43, indicating a 14% decrease from the same quarter last year [2] - The consensus estimate forecasts revenue of $869.92 million, representing a 10.14% growth compared to the same quarter of the prior year [2] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Pure Storage indicate changing near-term business trends, with positive revisions reflecting analyst optimism about the company's profitability [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Pure Storage at 3 (Hold) [5] Group 4: Valuation Metrics - Pure Storage is trading at a Forward P/E ratio of 36.49, which is a premium compared to the industry average Forward P/E of 13.44 [6] - The company has a PEG ratio of 1.95, aligning with the average PEG ratio of the Computer-Storage Devices industry [7] Group 5: Industry Ranking - The Computer-Storage Devices industry holds a Zacks Industry Rank of 36, placing it within the top 15% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - Pure Storage will host a conference call on February 26, 2025, to discuss its financial results for the fiscal fourth quarter and full year 2025, which ended on February 2, 2025 [1] Group 1: Conference Call Details - The conference call will be available live on the Pure Storage Investor Relations website, with a replay option for two weeks [2] - The call will be followed by participation in investor conferences, including the Bernstein Insights TMT Forum on February 27, 2025, and the Susquehanna Tech Conference on February 28, 2025 [3] Group 2: Company Overview - Pure Storage provides advanced data storage solutions that enable organizations to store, manage, and protect data at any scale, emphasizing simplicity and flexibility [4] - The company’s platform is built on Evergreen architecture, which allows for continuous improvement without planned downtime [4] - Pure Storage has been recognized as a leader in the 2024 Gartner Magic Quadrant for Primary Storage Platforms and Object Storage Platforms [5]

Core Viewpoint - Pure Storage (PSTG) has reached a significant support level and shows potential for investors from a technical perspective, particularly after breaking through the 20-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day moving average is a key indicator for traders, smoothing out short-term price trends and providing more trend reversal signals compared to longer-term moving averages [1][2]. - A stock price above the 20-day moving average indicates a positive trend, while a price below suggests a downward trend [2]. Performance Metrics - PSTG shares have increased by 8.6% over the past four weeks, indicating positive momentum [3]. - The company holds a Zacks Rank of 3 (Hold), suggesting potential for continued growth [3]. - Positive earnings estimate revisions support the bullish outlook, with no estimates decreasing in the past two months and one estimate increasing, alongside a rise in the consensus estimate [3]. Investment Consideration - Given the important technical indicators and positive earnings estimate revisions, PSTG should be considered for investors' watchlists [4].

Core Insights - Pure Storage has launched an updated Reseller Partner Program aimed at enhancing profitability for partners by facilitating customer transitions to the Pure Storage Platform [1] - The program is designed to address the growing demand for modern data storage solutions, particularly in the context of AI and cyber resilience [2] Industry Significance - The IT landscape is shifting towards consumption-based models and AI, necessitating scalable and flexible data storage frameworks [2] - Pure Storage's program empowers partners to meet these evolving demands by providing tailored solutions that adapt to customer needs [2] Updated Features - The Reseller Partner Program includes new solution-oriented training to equip partners with necessary resources for driving profitability and growth [3] - Partners can access on-demand courses and in-person technical boot camps to enhance their skills and deepen customer relationships [4] Profitability Accelerators - The program offers enhanced rewards and rebates to partners, recognizing their role in delivering transformative solutions and driving adoption of the Pure Storage Platform [5] - Partners are provided with unique tools such as Pure Partner Intelligence for real-time insights and analytics to identify growth opportunities [6] Solution-Oriented Use Cases - The program focuses on key areas such as hybrid cloud optimization, AI-ready infrastructure, modern applications, and cyber resilience to address pressing IT challenges [7] - Partners are equipped to help customers unify data, automate processes, and secure data against cyber threats [7] Executive and Partner Insight - Company leadership emphasizes a commitment to shared success with partners, highlighting the value of the Pure Storage Platform in solving complex data storage challenges [8] - Partners express satisfaction with the revamped program, noting improvements in tools, incentives, and growth opportunity recognition [8] Resources - An exclusive event is available for partners to learn about the updated program and incentives [9] - Additional information on becoming a Pure Partner can be found on Pure Storage's partner page [9] About Pure Storage - Pure Storage provides advanced data storage solutions that are scalable and flexible, designed to save time, money, and energy for organizations [10] - The company is recognized for its Evergreen architecture, which allows for continuous improvement without planned downtime [10]

Group 1: Stock Performance - Pure Storage (PSTG) closed at $67.79, reflecting a -0.86% change from the previous day, underperforming the S&P 500's loss of 0.51% [1] - Over the past month, shares of Pure Storage gained 9.43%, outperforming the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% [1] Group 2: Earnings Projections - The upcoming EPS for Pure Storage is projected at $0.43, indicating a 14% decline compared to the same quarter last year [2] - Revenue is estimated to be $869.92 million, representing a 10.14% increase from the same quarter last year [2] - For the full year, analysts expect earnings of $1.68 per share and revenue of $3.16 billion, marking changes of +18.31% and +11.57% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Pure Storage are indicative of changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Pure Storage at 3 (Hold) [6] - Over the past month, there has been a 0.05% increase in the Zacks Consensus EPS estimate [6] Group 4: Valuation Metrics - Pure Storage has a Forward P/E ratio of 40.68, which is a premium compared to the industry's average Forward P/E of 13.77 [7] - The company has a PEG ratio of 2.17, aligning with the average PEG ratio for the Computer-Storage Devices industry [8] Group 5: Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

The latest trading session saw Pure Storage (PSTG) ending at $68.38, denoting a +1.09% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.25%.Prior to today's trading, shares of the data storage company had gained 10.11% over the past month. This has outpaced the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24% in that time.Ma ...

Pure Storage, Inc.’s (PSTG) shares have proven resilient, with a gain of 18.4% in the past three months, better than its industry’s decline of 11.6%. It has also outperformed the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 3% and 0.8%, respectively.Price PerformanceImage Source: Zacks Investment ResearchPSTG has also outperformed its peers like NetApp, Inc (NTAP) , Western Digital Corporation (WDC) and Netlist, Inc (NLST) . NTAP, WDC and NLST have registered declines of 7.3%, ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 broker ...