Pure Storage, Inc's (PSTG) shares have been performing well on the trading front, with a gain of 38.7% year to date. Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for its customers. The stock has outperformed its sub-industry, the Zacks Computer and Technology sector and the S&P 500 composite's growth of 34.6%, 23.7% and 20.6%, respectively. YTD Price Performance Image Source: Zacks Investment Research Closing at $49.4 ...

A month has gone by since the last earnings report for Pure Storage (PSTG) . Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Pure Storage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Pure Storage Q2 Earnings Beat Estimates Pure Sto ...

Pure Storage (PSTG) recently partnered with Rubrik, Inc. (RBRK) to empower enterprises seeking robust and scalable cloud solutions to fortify their cybersecurity posture. By combining Rubrik's Security Cloud with Pure Storage's advanced data storage platform, the partnership aims to deliver a reference architecture that ensures uptime, long-term retention and cyber resilience. The partnership is applying a "three-layered defense strategy" to provide a comprehensive solution for modern data challenges. The j ...

My last article in July about Pure Storage (PSTG) gave it a buy recommendation based primarily on secular trends like Artificial Intelligence ("AI") driving the need for more power-efficient and faster long-term storage systems that use I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to ...

Though the stock market has rallied back near all-time highs as investors shook off concerns of macro slowdowns and insufficient Fed rate cuts, a number of individual stocks have still been hit hard in the wake With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha si ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Title of each class Trading symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per sharePSTG New York Stock Exchange LLC Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

The computer storage devices industry players are well-poised to gain from solid momentum in cloud computing, Internet of Things (IoT), auto, connected devices, virtual reality and Artificial Intelligence (AI) in the long run. Per a report from Gartner, worldwide IT spending is projected to reach $5.26 trillion in 2024, indicating an increase of 7.5% from the 2023 levels. This is an improvement over the earlier projection of overall spending of $5.06 trillion. Gartner also reported that data center systems ...

Pure Storage (PSTG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this data storage company have returned -5.5%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Computer- Storage Devices industry, which Pure Storage falls in, has lost 13.6%. The key question now is: What could be the stock's future direction? ...

Pure Storage (PSTG) reported non-GAAP earnings per share (EPS) of 44 cents for second-quarter fiscal 2025, which beat the Zacks Consensus Estimate by 15.8%. The company reported non-GAAP EPS of 34 cents in the prior-year quarter. Total revenues soared 11% from the year-ago quarter to $763.8 million and beat the Zacks Consensus Estimate by 1%. The top-line expansion stemmed from healthy demand trends across the data storage platform as customers shift cost-sensitive workloads to all-flash. Steady momentum in ...

Pure Storage Inc (NYSE:PSTG) stock is moving sharply lower today, despite the data storage name reporting generally upbeat second-quarter results, including better-than-anticipated earnings and revenue. Though the company maintained its full-year revenue outlook, it lowered its guidance for subscription-as-aservice (SaaS) related total contact value, while FactSet reported that its operating income guidance came in below expectations. It's also worth noting that sector peer NetApp (NTAP) is plummeting despi ...