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 (PSTG) ended the recent trading session at $54.60, demonstrating a +1.6% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.57%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.63%.Heading into today, shares of the data storage company had lost 0.61% over the past month, lagging the Computer and Technology sector's gain of 0.92% and the S&P 500's gain of 3.15% in that time. ...

The market expects Pure Storage (PSTG) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

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 ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Pure Storage (PSTG) . This company, which is in the Zacks Computer- Storage Devices industry, shows potential for another earnings beat.This data storage company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two ...

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. ...

Pure Storage, Inc. PSTG shares are trading lower on Wednesday. Oppenheimer analyst Param Singh initiated coverage on the company with an Outperform rating and a price target of $70.The analyst’s bullish stance is due to the company’s position as a key beneficiary of the growing demand for unstructured data used in AI applications.Singh says that the data storage market is shifting towards all-flash arrays (AFA), expected to grow at an 8.5% CAGR from 2023 to 2028, reaching $17 billion.Pure Storage is well-po ...

SANTA CLARA, Calif., Nov. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer delivering the world's most advanced data storage technologies and services, and CoreWeave, the AI Hyperscaler™, today announced Pure Storage's strategic investment in CoreWeave to accelerate AI cloud services innovation. Alongside the investment, the companies unveiled a strategic partnership, enabling customers to leverage the Pure Storage platform within CoreWeave Cloud.Building on their shared success with some ...

SANTA CLARA, Calif., Nov. 12, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Tuesday, December 3 at 2:00 p.m. PT to discuss its financial results for the third quarter fiscal year 2025 ended November 3, 2024. This conference call will be held following the release of Pure Storage's financial results.Third Quarter Fiscal 2025 Conference Call DetailsA live audio broa ...