Pure Storage Stock Soars on Higher Subscription Revenue

Key TakeawaysA 22% jump in subscription revenue boosted results at Pure Storage, sending shares soaring.The data storage provider beat analysts' adjusted earnings per share and revenue estimates.Pure Storage increased its guidance for full-year revenue. Shares of Pure Storage (PSTG) soared more than 20% Wednesday, a day after the data storage provider beat profit and sales estimates and raised its guidance on higher subscription revenue. Pure Storage reported third-quarter fiscal 2025 adjusted earnings per ...