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Pure Storage, Inc. (PSTG) Report Analysis

Corporate Events

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russ...

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 3000 Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russ...

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 1000 Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russ...

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 2500 Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russ...

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell Midcap Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russ...

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell Small Cap Comp Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russ...

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 3000E Value Index

Neutral

Pure Storage, Inc. Presents at Bank of America ...

2022-06-09 08:50:00

Pure Storage, Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-09-2022 . Venue: Ritz Carlton, San Francisco, California...

Positive

Pure Storage Introduces FlashBlade//S: A Revolu...

2022-06-08 13:00:00

Pure Storage announced the FlashBlade®//S family of products with a new modular architecture built on uniquely co-designed hardware and softwa...

Positive

Pure Storage Advances Commitment to Deliver Tru...

2022-06-08 13:00:00

Pure Storage reaffirmed its commitment to deliver simple, reliable, and scalable storage with the introduction of Evergreen//Flex, a new fleet...

Neutral

Pure Storage, Inc., Pure//Accelerate® techfest2...

2022-06-04 10:24:00

Pure Storage, Inc., Pure//Accelerate® techfest22, Jun 08, 2022 through Jun 09, 2022. Venue: Los Angeles, United States.

Neutral

Pure Storage, Inc. Presents at William Blair’s ...

2022-06-03 21:27:00

Pure Storage, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-09-2022 . Venue: Loews Chicago Hotel, Chicago, Il...

Neutral

Pure Storage, Inc. Provides Earnings Guidance f...

2022-06-01 20:02:00

Pure Storage, Inc. provided earnings guidance for the second quarter and full year of 2023. For the quarter, the company expects revenue to be...

Neutral

Tranche Update on Pure Storage, Inc. (NYSE:PSTG...

2022-06-01 16:04:00

From March 1, 2022 to May 8, 2022, the company has repurchased 2,092,129 shares, representing 0.71% for $66 million. With this, the company ha...

Neutral

Pure Storage, Inc. Presents at ISC High Perform...

2022-05-24 07:23:00

Pure Storage, Inc. Presents at ISC High Performance 2022, Jun-01-2022 01:20 PM. Venue: Messe Hamburg, Hamburg, Hamburg, Germany. Speakers: Mat...

Neutral

Pure Storage, Inc. to Report Q1, 2023 Results o...

2022-05-12 13:00:00

Pure Storage, Inc. announced that they will report Q1, 2023 results on Jun 01, 2022

Neutral

Pure Storage, Inc., Q1 2023 Earnings Call, Jun 01, 2022

2022-05-12 13:00:00

Pure Storage, Inc., Q1 2023 Earnings Call, Jun 01, 2022

Positive

Pure Storage and Snowflake Announces Partnershi...

2022-05-11 13:00:00

Pure Storage and Snowflake announced a partnership to develop a solution that increases data accessibility for global customers with on-premis...

Positive

Pure Storage FlashBlade Accelerates Time-to-Mar...

2022-05-03 13:00:00

Pure Storage announced that is empowering  electronic design automation (EDA) workloads and accelerating next-gen chip design. Modern EDA chip...

Neutral

Pure Storage, Inc. has filed a Shelf Registrati...

2022-04-06 00:00:00

Pure Storage, Inc. has filed a Shelf Registration in the amount of $588.501523 million. Security Name: Class A Common Stock Securities Off...

Neutral

Bank of America Corporation, Bank of America 20...

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Fr...

Neutral

Pure Storage, Inc. Announces A Strategic Engage...

2022-02-10 14:00:00

Pure Storage, Inc. announced a strategic engagement with Amazon Web Services (AWS) for solution development and enablement programs for Pure's...

Neutral

Kyndryl and Pure Storage Announce Global Alliance

2022-02-02 14:00:00

Kyndryl and Pure Storage® announced a global alliance that joins the expertise and operational experience of Kyndryl with storage technology o...

Neutral

ISC Group, Incorporated, ISC High Performance 2...

2022-02-02 11:58:00

ISC Group, Incorporated, ISC High Performance 2022, May 29, 2022 through Jun 02, 2022. Venue: Messe Hamburg, Hamburg, Hamburg, Germany.

Neutral

William Blair & Company, L.L.C., William Blair’...

2022-01-25 11:00:00

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022. Venue: Loews Chi...

Positive

Pure Storage Powers Government Infrastructure M...

2022-01-04 14:00:00

Pure Storage, Inc. announced new momentum within the U.S. public sector as government plans for infrastructure modernization accelerate. Pure ...

Negative

Pure Storage, Inc. Designates Ajay Singh as Exe...

2021-12-17 21:15:00

On December 15, 2021, the Board of Directors of Pure Storage, Inc. designated Ajay Singh as an officer under Rule 16a-1(f) of the Securities E...

Positive

Pure Storage Introduces New Top End Flasharray ...

2021-12-08 14:00:00

Pure Storage announced FlashArray//XL, the newest member of the FlashArray family, designed for mission-critical, platinum tier enterprise app...

Neutral

Tranche Update on Pure Storage, Inc. (NYSE:PSTG...

2021-12-07 15:50:00

From August 2, 2021 to October 31, 2021, the company has repurchased 2,361,000 shares, representing 0.83% for $56.16 million. With this, the c...

Neutral

Pure Storage, Inc. Presents at Barclays Global ...

2021-12-02 19:45:00

Pure Storage, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 . Speakers: Kevan Krysler, Chief Financial Officer, Robert Lee...

Negative

Pure Storage Announces Board Changes

2021-12-01 21:05:00

Pure Storage announced the appointment of John Murphy to its board of directors. Murphy most recently served as Executive Vice President and C...

Neutral

Pure Storage, Inc. Provides Revenue Guidance fo...

2021-12-01 20:10:00

Pure Storage, Inc. provided revenue guidance for full year 2022. For the year, the company expects revenues to be over $2 billion.

Neutral

Pure Storage, Inc. Presents at Raymond James Vi...

2021-11-29 15:12:00

Pure Storage, Inc. Presents at Raymond James Virtual Technology Investors Conference 2021, Dec-08-2021 . Speakers: Charles H. Giancarlo, Chair...

Neutral

Pure Storage, Inc. Provides Revenue Guidance fo...

2021-11-23 21:04:00

Pure Storage, Inc. provided revenue guidance for the fourth quarter and full year of fiscal year 2022. For the quarter, the company expects re...

Neutral

TrialStat Corporation Adopts Pure Storage® Flas...

2021-11-10 14:00:00

Pure Storage announced that TrialStat Corporation has adopted Pure Storage® FlashArray™ and Evergreen™ Storage subscriptions to speed clinical...

Neutral

Pure Storage, Inc. Presents at UBS Global TMT V...

2021-11-09 19:30:00

Pure Storage, Inc. Presents at UBS Global TMT Virtual Conference, Dec-06-2021 . Venue: New York, United States. Speakers: Charles H. Giancarlo...

Neutral

Pure Storage Partners with Microsoft Azure to S...

2021-11-08 14:00:00

Pure Storage announced it has partnered with Microsoft Azure to significantly speed next-gen chip design by delivering a data layer that can k...

Negative

Pure Storage, Inc. Announces Board Changes

2021-11-03 12:47:00

Pure Storage, Inc. announced that Chief Revenue Officer Dominick Delfino will be leaving Pure for a new role outside of the company. Dominick'...

Neutral

Pure Storage, Inc. to Report Q3, 2022 Results o...

2021-11-03 12:45:00

Pure Storage, Inc. announced that they will report Q3, 2022 results on Nov 23, 2021

Neutral

Pure Storage, Inc., Q3 2022 Earnings Call, Nov 23, 2021

2021-11-03 12:45:00

Pure Storage, Inc., Q3 2022 Earnings Call, Nov 23, 2021

Neutral

The Cyber Security Summit, Cyber Security Summi...

2021-10-22 15:01:00

The Cyber Security Summit, Cyber Security Summit - Boston, MA, Nov 17, 2021. Venue: Boston, Massachusetts, United States.

Positive

Pure Storage, Inc. Announces Release of Portwor...

2021-10-12 13:00:00

Pure Storage® announced the release of PX-Backup 2.1, its market-leading application and data protection platform for modern applications. Por...

Neutral

Pure Storage, Inc. Presents at 5th Annual Virtu...

2021-10-07 17:42:00

Pure Storage, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Nov-30-2021 . Speakers: Charles H. Giancarlo, Chairman & CEO, Kevan ...

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual...

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Neutral

Pure Storage and VMware Collaborate on Pure Val...

2021-10-05 13:00:00

Pure Storage announced the release of a new Pure Validated Design (PVD) in collaboration with VMware to provide mutual customers with a comple...

Neutral

Pure Storage, Inc. Presents at Credit Suisse 25...

2021-10-05 09:20:00

Pure Storage, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-29-2021 through Dec-02-2021. Venue: The Phoenician Hotel, ...

Neutral

Pure Storage, Inc. Presents at Open Networking ...

2021-10-05 05:02:00

Pure Storage, Inc. Presents at Open Networking & Edge Summit + Kubernetes on Edge Day, Oct-12-2021 04:20 PM. Venue: Los Angeles, California, U...

Neutral

Pure Storage, Inc. Presents at ElasticON Global...

2021-10-02 02:53:00

Pure Storage, Inc. Presents at ElasticON Global Virtual Conference, Oct-05-2021 01:00 PM. Speakers: Joshua Robinson, Principal Technologist.

Positive

Pure Storage Introduces Pure Fusion; A Self-Ser...

2021-09-28 13:00:00

Pure Storage® announced Pure Fusion™, an industry-first self-service, autonomous storage platform that marries the best of enterprise storage ...

Positive

Pure Storage Leads the Industry with New Servic...

2021-09-28 13:00:00

Pure Storage® unveiled a significant progression of the company vision of modernizing how bcustomers work with data - by modernizing infrastru...

Positive

Pure Storage Unveils Portworx Data Services, th...

2021-09-28 13:00:00

Pure Storage® announced Portworx Data Services, the industry's first Database-as-a-Service (DBaaS) Platform for Kubernetes. Modern application...

Neutral

Raymond James & Associates, Inc., Raymond James...

2021-09-16 22:54:00

Raymond James & Associates, Inc., Raymond James Virtual Technology Investors Conference 2021, Dec 06, 2021 through Dec 08, 2021.

Neutral

451 Research, LLC, 451Nexus: Poor CX Has a High...

2021-09-16 21:07:00

451 Research, LLC, 451Nexus: Poor CX Has a High Price Tag: $222bn Opportunity To Improve the Customer Experience, Oct 19, 2021.

Neutral

451 Research, LLC, 451Nexus: Cloud Native State...

2021-09-16 21:07:00

451 Research, LLC, 451Nexus: Cloud Native State of Mind, Oct 20, 2021.

Neutral

S&P Global Market Intelligence Inc., 451 Resear...

2021-09-16 21:04:00

S&P Global Market Intelligence Inc., 451 Research, LLC, 451Nexus - Building the technology foundation for the digital next, Oct 19, 2021 throu...

Neutral

Elastic N.V., ElasticON Global Virtual Conferen...

2021-09-16 17:00:00

Elastic N.V., ElasticON Global Virtual Conference, Oct 05, 2021 through Oct 07, 2021.

Neutral

Elastic N.V., ElasticON Global Virtual Conferen...

2021-09-16 17:00:00

Elastic N.V., ElasticON Global Virtual Conference, Oct 05, 2021 through Oct 07, 2021.

Negative

Pure Storage, Inc. Appoints Mallun Yen to Board...

2021-09-14 20:02:00

Pure Storage, Inc. announced the appointment of Mallun Yen to its Board of Directors. Yen will join as a new member of the Board and the nomin...

Neutral

Pure Storage FlashBlade Enables DC BLOX to Offe...

2021-09-14 13:00:00

Pure Storage announced that DC BLOX has adopted FlashBlade®, Pure's unified fast file and object (UFFO) storage solution, delivered via Pure a...

Neutral

Pure Storage, Inc. Presents at Deutsche Bank Te...

2021-09-06 15:59:00

Pure Storage, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 11:20 AM. Speakers: Charles H. Giancarlo, Chairman & CEO,...

Neutral

Olympus Introduces Pure Storage to Their Large-...

2021-08-31 13:00:00

Pure Storage announced that Olympus, the world's leading provider of endoscopes and other medical devices, selected AIRI, Pure's reference arc...

Positive

Pure Storage to Seek M&A

2021-08-25 20:30:00

Pure Storage, Inc. (NYSE:PSTG) will look for M&A. Charlie Giancarlo, CEO said "We continue to be investigating opportunities for M&A. We belie...

Neutral

Pure Storage, Inc. Provides Revenue Guidance fo...

2021-08-25 20:22:00

Pure Storage, Inc. provided revenue guidance for the third quarter and full year of fiscal year 2022. For the quarter, the company expects rev...

Neutral

UBS Investment Bank, UBS Global TMT Virtual Con...

2021-08-25 17:29:00

UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021. Venue: New York, United States.

Neutral

Tranche Update on Pure Storage, Inc. (NYSE:PSTG...

2021-08-25 00:00:00

From May 3, 2021 to August 1, 2021, the company has repurchased 2,313,000 shares, representing 0.82% for $44.34 million. With this, the compan...

Neutral

Pure Storage, Inc. to Report Q2, 2022 Results o...

2021-08-04 20:05:00

Pure Storage, Inc. announced that they will report Q2, 2022 results on Aug 25, 2021

Neutral

Pure Storage, Inc., Q2 2022 Earnings Call, Aug 25, 2021

2021-08-04 20:05:00

Pure Storage, Inc., Q2 2022 Earnings Call, Aug 25, 2021

Neutral

Pure Storage, Inc. - Analyst/Investor Day

2021-08-02 13:00:00

To discuss on its vision, strategy, and financial outlook

Neutral

Pure Storage, Inc. Presents at SIGGRAPH 2021 Pr...

2021-07-22 19:35:00

Pure Storage, Inc. Presents at SIGGRAPH 2021 Production Sessions, Aug-09-2021 .

Positive

Pure Storage Expands As-A-Service Offerings Des...

2021-07-20 13:00:00

Pure Storage announced further expansion of its robust subscription services portfolio. With FlashStack delivered as-a-Service, customers can ...

Neutral

Association For Computing Machinery, Inc., SIGG...

2021-07-19 13:00:00

Association For Computing Machinery, Inc., SIGGRAPH 2021 Production Sessions, Aug 09, 2021 through Aug 13, 2021.

Neutral

VMware, Inc., VMworld 2021, Oct 05, 2021 throug...

2021-07-16 00:00:00

VMware, Inc., VMworld 2021, Oct 05, 2021 through Oct 07, 2021. VMworld 2021 will bring together thousands of attendees from around the globe t...

Neutral

The Linux Foundation, Open Networking & Edge Su...

2021-06-30 09:15:00

The Linux Foundation, Open Networking & Edge Summit + Kubernetes on Edge Day, Oct 11, 2021 through Oct 12, 2021. Venue: Los Angeles, Californi...

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 3000 Value Index

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 3000 Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 1000 Value Index

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 1000 Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 2500 Value Index

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 2500 Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell Midcap Value Index

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell Midcap Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell Small Cap Comp Value Index

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell Small Cap Comp Value Index

Negative

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 3000E Value Index

2022-06-24 00:00:00

Pure Storage, Inc.(NYSE:PSTG) dropped from Russell 3000E Value Index

Neutral

Pure Storage, Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-09-2022

2022-06-09 08:50:00

Pure Storage, Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-09-2022 . Venue: Ritz Carlton, San Francisco, California, United States. Speakers: Charles H. Giancarlo, Chairman & CEO, Kevan Krysler, Chief Financial Officer.

Positive

Pure Storage Introduces FlashBlade//S: A Revolutionary Platform that Addresses the Demands of Unstructured Data and Modern Application Growth

2022-06-08 13:00:00

Pure Storage announced the FlashBlade®//S family of products with a new modular architecture built on uniquely co-designed hardware and software. The new platform leverages a nearly unlimited scalable metadata architecture, offering more than double the density, performance, and power efficiency of previous versions. The platform evolves over time in alignment with customer requirements. In 2017, Pure Storage rewrote the rules for scale-out storage by introducing FlashBlade as a unified fast file and object platform – the first high performance storage solution for modern data. Pure also architected its software and created DirectFlash technology to anticipate the future need for flash across a wide spectrum of workloads. With today's announcement, Pure revolutionizes the market again with FlashBlade//S by introducing a modular architecture that disaggregates compute from capacity. Storage, compute, and networking elements can be upgraded flexibly and non-disruptively, delivering a highly configurable and customizable file and object platform to address the broadest set of modern workloads. It can deliver both the highest levels of performance and capacity optimization with Pure's proprietary all-QLC architecture without the need for expensive caching solutions. According to IDC, disaggregation of storage platforms provides more flexibility in creating highly efficient IT infrastructures. It not only enables administrators to assemble the right balance of IT resources for a given workload to minimize costs, it also allows them to perform upgrades on different resources independently as needed. Designed for forward-thinking organizations, FlashBlade//S delivers: Future-Proofing with Evergreen™ Subscription: By leveraging the full power of Evergreen subscription-based services, customers get unmatched flexibility and non-disruptive upgrades with FlashBlade//S. Organizations never have to worry about their storage platform becoming obsolete or disruptive data migrations again. This is further improved with today's announcement detailing the expanded Evergreen portfolio. Peace of Mind for Sustainability Demands: As end users are under more pressure to prioritize sustainability, the new FlashBlade//S family helps them deliver on these needs with better performance on key metrics such as capacity per watt, bandwidth per watt, and capacity per rack-unit, resulting in an overall smaller data center footprint. For these reasons Meta chose Pure to power its AI Research SuperCluster. Performance at Scale, Simplicity, and Efficiency of Unstructured Data: The new FlashBlade//S family, through closely engineered hardware and Purity//FB 4.0 software, pushes the boundaries of performance, scale, and efficiency. FlashBlade//S will also accelerate the pace of innovation and help bring denser and more power efficient technologies to market faster. This enables customers to achieve simplicity, exabyte level scale, and the multi-dimensional performance required for consolidation of key unstructured data workloads.

Positive

Pure Storage Advances Commitment to Deliver True Storage Flexibility and Modernization to Enterprises Everywhere with Expanded Evergreen Portfolio

2022-06-08 13:00:00

Pure Storage reaffirmed its commitment to deliver simple, reliable, and scalable storage with the introduction of Evergreen//Flex, a new fleet-level Evergreen architecture, which extends the power of Pure's Evergreen technology to the full Pure portfolio. By unlocking and moving stranded storage capacity to where it is needed most, Evergreen//Flex enables unrivaled storage efficiency and grows Pure's portfolio of Evergreen-based subscription services. The inflexible, labor-intensive delivery of traditional storage has long challenged organizations embarking on transformation – from high costs, short technology refresh cycles, forklift upgrades, and storage rebuys to unplanned downtime, high-risk data migration, and overall data storage complexity. Global enterprises, however, are on a path to embrace flexible, consumption-based operating models, and are increasingly investing in modern technologies and services that optimize for stronger value over time. To support customers in this journey, Pure redefined the antiquated business models underpinning traditional storage infrastructure, enabling enterprises to bring data storage capacity where it is needed most, ultimately driving flexibility and efficiency across the industry. To advance its unrivaled leadership in delivering Storage-as-a-Service (STaaS) while supporting customers where they are in the journey to embracing flexible delivery models, Pure is expanding its broad portfolio of Evergreen offerings: Evergreen//Forever (formerly Evergreen Gold): Evergreen//Forever offers organizations traditional appliance ownership with a subscription to software, ever-modern hardware, and a world-class customer experience. Evergreen//Forever ensures organizations are benefiting from an always-modern infrastructure subscription to support a system that gets better over time. Evergreen//Flex: A new fleet-level Evergreen architecture, offering users an unprecedented way of running storage efficiently, while saving power. Evergreen//Flex provides the flexibility and adaptability to move performance and stranded capacity to where data and applications need it most, with the security and control that comes from ownership. The latest model brings the modernization of Evergreen//Forever beyond the box, and is the most efficient way to run a fleet of storage enabled by an asset utilization model. Evergreen//One (formerly Pure as-a-Service): Evergreen//One offers organizations a true consumption-based service model for storage, delivering flexibility, transparency, and simplicity, along with proactive monitoring and non-disruptive upgrades while satisfying performance and usage SLAs. With Evergreen//One, Pure takes on the responsibility of delivering storage where it is required, offering on-demand storage service with the flexibility of on-premises deployment.

Neutral

Pure Storage, Inc., Pure//Accelerate® techfest22, Jun 08, 2022 through Jun 09, 2022

2022-06-04 10:24:00

Pure Storage, Inc., Pure//Accelerate® techfest22, Jun 08, 2022 through Jun 09, 2022. Venue: Los Angeles, United States.

Neutral

Pure Storage, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-09-2022

2022-06-03 21:27:00

Pure Storage, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-09-2022 . Venue: Loews Chicago Hotel, Chicago, Illinois, United States. Speakers: Robert Lee, VP & CTO.

Neutral

Pure Storage, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2023

2022-06-01 20:02:00

Pure Storage, Inc. provided earnings guidance for the second quarter and full year of 2023. For the quarter, the company expects revenue to be approximately $635 million.For the full year, the company expects revenue to be approximately $2.66 billion.

Neutral

Tranche Update on Pure Storage, Inc. (NYSE:PSTG)'s Equity Buyback Plan announced on March 2, 2022.

2022-06-01 16:04:00

From March 1, 2022 to May 8, 2022, the company has repurchased 2,092,129 shares, representing 0.71% for $66 million. With this, the company has completed the repurchase of 2,092,129 shares, representing 0.71% for $66 million under the buyback announced on March 2, 2022.

Neutral

Pure Storage, Inc. Presents at ISC High Performance 2022, Jun-01-2022 01:20 PM

2022-05-24 07:23:00

Pure Storage, Inc. Presents at ISC High Performance 2022, Jun-01-2022 01:20 PM. Venue: Messe Hamburg, Hamburg, Hamburg, Germany. Speakers: Matthias Meppen.

Neutral

Pure Storage, Inc. to Report Q1, 2023 Results on Jun 01, 2022

2022-05-12 13:00:00

Pure Storage, Inc. announced that they will report Q1, 2023 results on Jun 01, 2022

Neutral

Pure Storage, Inc., Q1 2023 Earnings Call, Jun 01, 2022

2022-05-12 13:00:00

Pure Storage, Inc., Q1 2023 Earnings Call, Jun 01, 2022

Positive

Pure Storage and Snowflake Announces Partnership to Develop Solution to Increases Data Accessibility for Global Customers with On-Premises Data

2022-05-11 13:00:00

Pure Storage and Snowflake announced a partnership to develop a solution that increases data accessibility for global customers with on-premises data. Pure Storage FlashBlade is a dynamic, high performance unified file and object platform purpose-built for modern analytics, offering real-time response for data with cloud-like agility. Once available, Pure and Snowflake customers will be able to analyze multiple data sources on Pure Storage FlashBlade with the Snowflake Data Cloud, while keeping their data local. This will enable enterprises to work with data directly stored on FlashBlade object storage using Snowflake in the cloud — eliminating the need to create separate copies of data shared with other tools or workflows. This solution will go into public preview by the second half of 2022.

Positive

Pure Storage FlashBlade Accelerates Time-to-Market for EDA Workloads

2022-05-03 13:00:00

Pure Storage announced that is empowering  electronic design automation (EDA) workloads and accelerating next-gen chip design. Modern EDA chip development requires high-performance storage that can serve thousands of powerful servers and extremely fast networks in all dimensions of concurrency—throughput, IOPS, latency, fast deletes, capacity and metadata—to eliminate bottlenecks that slow data access. While legacy storage architectures add unnecessary complexity and either saturate or scale inefficiently when faced with modern EDA workloads, Pure FlashBlade was designed from the ground up to meet the high-concurrency requirements of semiconductor and EDA workloads. As a result, 50 % of the top 10 semiconductor companies rely on the solution to remain competitive and expedite time to market. By consolidating two traditionally separate storage paradigms—file and object storage—into one performant data solution, FlashBlade enables organizations to replace siloed collections of data with a single scale-out storage solution that delivers multidimensional performance at scale. This combination of file and object storage protocols with the low latency, massive parallelism, and high throughput capabilities of enterprise all flash storage, make it the ideal storage solution for EDA workloads. Pure Storage is continuing to grow its EDA footprint with more companies than ever now using FlashBlade for analytics and technical computing to expedite modern chip design processes as their chip design business units grow rapidly. In fact, software developers are seeing workloads finish more than 5x faster than the status quo with FlashBlade and benefiting from up to 2.5:1 data reduction through compression. Customer examples include: A leading company in the semiconductor industry that leverages FlashBlade's fast performance and stability for Rapid Restore to maintain a more stable production line, a fast development cycle, and a cost-effective development environment through data reduction. A major electronics and smart home technology company is using FlashBlade to finish more EDA jobs and bring chip design to market faster. Furthermore, performance at scale with minimal intervention enables smoother management and frees up staff for other tasks. A multinational semiconductor, software and wireless technology company cites FlashBlade for helping the company reach its CAPEX and OPEX goals with simplified management and superior performance capable of meeting the demands of modern unstructured data that EDA workloads require. Another FlashBlade EDA customer creating chip design software reported a greater than 10 times improvement in run time of its highly concurrent software build and regression workload — with runtimes repeatedly decreasing from six hours to 20 minutes. FlashBlade's simplicity, performance and scalability are driving tomorrow's next-generation chip designs and its ability to scale input/output (I/O) efficiently under massive parallelism is making a significant impact on semiconductor designers globally. By speeding up all aspects of the design flow — from RTL design to tapeout — FlashBlade helps customers release products faster, with higher quality and lower cost, and improves engineering productivity with the ability to do more designs at the same time. Additionally, customers can take advantage of FlashBlade at Equinix with Microsoft Azure for EDA, to leverage cloud-adjacent storage for EDA workloads.

Neutral

Pure Storage, Inc. has filed a Shelf Registration in the amount of $588.501523 million.

2022-04-06 00:00:00

Pure Storage, Inc. has filed a Shelf Registration in the amount of $588.501523 million. Security Name: Class A Common Stock Securities Offered: 17,556,728 Transaction Features: ESOP Related Offering

Neutral

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Francisco, California, United States.

Neutral

Pure Storage, Inc. Announces A Strategic Engagement with Amazon Web Services for Solution Development and Enablement Programs for Pure's Portworx Solutions

2022-02-10 14:00:00

Pure Storage, Inc. announced a strategic engagement with Amazon Web Services (AWS) for solution development and enablement programs for Pure's Portworx solutions to help enterprises move Kubernetes workloads into production. Gartner predicts that by 2025, more than 85% of global organizations will be running containerized applications in production, up from less than 35% in 2019.1 Amazon Elastic Kubernetes Service (Amazon EKS) is a managed service to run and scale Kubernetes on AWS without needing to install, operate, and maintain a Kubernetes control plane or nodes. As container adoption increases and more applications are being deployed in the enterprise, these organizations want more options to manage stateful and persistent data associated with these modern applications. Portworx by Pure Storage can bring a fully integrated solution to customers for persistent storage, data protection, disaster recovery, data security, cross-region and hybrid data migrations, and automated capacity management for Kubernetes applications built by developers. Portworx Enterprise gets right to the heart of what developers and Kubernetes admins want: data to behave just like a cloud service. These users want to simply request storage based on their requirements (capacity, performance level, resiliency level, security level and access, protection level, and more), and let the data management layer figure out all the details. Portworx PX-Backup adds enterprise-grade point-and-click backup and recovery for all applications running on Kubernetes, even if they are stateless. As part of its work with AWS, Portworx has also announced an Early Access Program for Portworx Backup as-a-Service (BaaS) on AWS. Portworx BaaS introduces a modern data protection control plane to accelerate implementation of data and application recovery objectives, delivering speed and simplicity to application owners for safeguarding Kubernetes applications. Portworx BaaS is one of the many as-a-Service offerings the company will deliver to its customers in the future. This three year strategic engagement is the latest step in expanding the relationship between Pure Storage and AWS, and will deliver a comprehensive Kubernetes platform for mutual customers moving applications into production.

Neutral

Kyndryl and Pure Storage Announce Global Alliance

2022-02-02 14:00:00

Kyndryl and Pure Storage® announced a global alliance that joins the expertise and operational experience of Kyndryl with storage technology of Pure to deliver mission-critical capabilities to enterprises. As part of the new alliance, Kyndryl will become a key delivery partner for Pure, expanding on already integrated solutions and increasing its existing Pure skills and capabilities to drive transformative business outcomes for customers. Together, Pure and Kyndryl will deliver jointly optimized solutions to address the complex challenges enterprises face related to application and infrastructure modernization, automation, multicloud management, containerization, and more – providing cyber resiliency elements natively at the storage layer to enable cloud-based applications coupled with data portability in the cloud or on-premises. Kyndryl is advancing a strategy that combines deep technical expertise, global industry knowledge and best-in-class technologies from partners to deliver comprehensive and differentiated offerings to customers. Partnering with Pure augments and supports Kyndryl's approach by providing advanced storage and data management solutions grounded in Pure's ethos of simplicity, reliability, agility, and innovation that sets the company apart from other infrastructure providers.

Neutral

ISC Group, Incorporated, ISC High Performance 2022, May 29, 2022 through Jun 02, 2022

2022-02-02 11:58:00

ISC Group, Incorporated, ISC High Performance 2022, May 29, 2022 through Jun 02, 2022. Venue: Messe Hamburg, Hamburg, Hamburg, Germany.

Neutral

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022

2022-01-25 11:00:00

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022. Venue: Loews Chicago Hotel, Chicago, Illinois, United States.

Positive

Pure Storage Powers Government Infrastructure Modernization and Cloud Transformation

2022-01-04 14:00:00

Pure Storage, Inc. announced new momentum within the U.S. public sector as government plans for infrastructure modernization accelerate. Pure is a trusted partner to essential government agencies across the intelligence, space, cyber, defense, civilian, health, state, local, and education markets. With more than 175 of the United States' 440 federal agencies relying on its services, Pure has breadth and depth of government customers and experience, serving agencies across all three branches of the U.S. Federal Government and three branches of the U.S. Department of Defense. At the state, local, and education (SLED) level, Pure has customer representation in 48 of the 50 U.S. states. Trends and developments in cloud transformation, ransomware, cybersecurity, DevOps, and artificial intelligence (AI) are all driving modernization demand within the public sector, across Federal, SLED, and Healthcare. Agencies are looking to implement hybrid cloud strategies that best serve their goals, moving some workloads to the cloud while repatriating others to on-premises, with containerization becoming increasingly essential. Accelerating this further, the American Rescue Plan, CARES act, and other government relief programs are enabling these organizations to invest more in building secure, resilient data centers that these new technologies require.

Negative

Pure Storage, Inc. Designates Ajay Singh as Executive Officer

2021-12-17 21:15:00

On December 15, 2021, the Board of Directors of Pure Storage, Inc. designated Ajay Singh as an officer under Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended and as an executive officer under Rule 3b-7 of the Exchange Act, effective immediately. Mr. Singh has served as Pure's Chief Product Officer since January 2021. Previously, Mr. Singh worked at VMware from May 2015 to January 2021, most recently serving as the Senior Vice President - General Manager of the Cloud Management Business Unit.

Positive

Pure Storage Introduces New Top End Flasharray Model, Bringing Power and Scale with Unparalleled Simplicity to the Enterprise

2021-12-08 14:00:00

Pure Storage announced FlashArray//XL, the newest member of the FlashArray family, designed for mission-critical, platinum tier enterprise applications - from massive databases to containerized and cloud-native apps. FlashArray//XL delivers unmatched performance and scale with a nearly 80% improvement in IOPS. With the pace of business only increasing, application demand can shoot up in an instant and the need for new apps to be deployed requires IT to work in hours, not months. Previously, the larger enterprises had to scale their top tier applications with legacy technology that required high management complexity, high power and energy costs, and disruptive forklift upgrades. Now, with the new FlashArray//XL and Pure Fusion - Pure's self-service, autonomous Storage-as-Code platform - Pure continues to add enterprise-grade scale to its promise of subscription storage that easily evolves to keep IT infrastructure agile and up-to-date. FlashArray//XL delivers: Strength to run the most demanding business services: Accelerate enterprise workloads with maximum performance even as they scale to operate at increased loads, with 100% more host connectivity and two times more volume support on a single array. Cloud-like model for deploying new apps quickly and easily: Designed to work in concert, Pure Fusion and FlashArray//XL give enterprises Storage-as-Code access to cloud scale, enabling platinum-level storage tiers and data policies with robust tools to optimize storage pools and workload placement. Efficiency and density to consolidate applications for maximum TCO and green data center standards: Enable workload consolidation on fewer arrays to simplify operations, reduce rack space requirements, and significantly reduce power consumption and cooling costs. Always-on data protection that's savvy to ransomware threats: Ensure that data stored on FlashArray//XL is secure, available, and easily recoverable after disruptions, including malicious attacks. Future-proof with Evergreen subscription: Get immediate access to ever-improving capabilities with a right-size guarantee and non-disruptive upgrades and capacity expansions as storage needs evolve. FlashArray //XL and Pure Fusion were built to meet demand from new customers who wanted to standardize their storage environments on the simplicity of the Pure subscription model but needed new levels of scale. This demand is already seeing early validation with pre-release orders to standardize top enterprise workloads on FlashArray//XL arrays, as customers eliminate the last remnants of their legacy Dell EMC footprint. Available now, FlashArray//XL delivers up to 5.78 PB effective capacity, as low as 150µs latency, and up to 36GB/s throughput, with 5:1 data reduction average, 10:1 total efficiency, and proven 99.9999% availability in a 5U platform.

Neutral

Tranche Update on Pure Storage, Inc. (NYSE:PSTG)'s Equity Buyback Plan announced on August 21, 2019.

2021-12-07 15:50:00

From August 2, 2021 to October 31, 2021, the company has repurchased 2,361,000 shares, representing 0.83% for $56.16 million. With this, the company has completed the repurchase of 16,452,430 shares, representing 6.07% for $280.51 million under the buyback announced on August 21, 2019.

Neutral

Pure Storage, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021

2021-12-02 19:45:00

Pure Storage, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 . Speakers: Kevan Krysler, Chief Financial Officer, Robert Lee, VP & CTO.

Negative

Pure Storage Announces Board Changes

2021-12-01 21:05:00

Pure Storage announced the appointment of John Murphy to its board of directors. Murphy most recently served as Executive Vice President and CFO of Adobe, where he drove business momentum and accelerated revenue growth as leader of the company's worldwide finance team. Prior to Adobe, he held senior finance roles at Qualcomm, DIRECTV, and Experian. Murphy also serves as board member and audit chair for the boards of both Kyriba and LegalZoom. After six years as board members and strategic advisors to the company, Mark Garrett and Anita Sands will leave the company’s board of directors, effective December 15, 2021.

Neutral

Pure Storage, Inc. Provides Revenue Guidance for Full Year 2022

2021-12-01 20:10:00

Pure Storage, Inc. provided revenue guidance for full year 2022. For the year, the company expects revenues to be over $2 billion.

Neutral

Pure Storage, Inc. Presents at Raymond James Virtual Technology Investors Conference 2021, Dec-08-2021

2021-11-29 15:12:00

Pure Storage, Inc. Presents at Raymond James Virtual Technology Investors Conference 2021, Dec-08-2021 . Speakers: Charles H. Giancarlo, Chairman & CEO, Kevan Krysler, Chief Financial Officer.

Neutral

Pure Storage, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of Fiscal Year 2022

2021-11-23 21:04:00

Pure Storage, Inc. provided revenue guidance for the fourth quarter and full year of fiscal year 2022. For the quarter, the company expects revenue of $630 million. For the full year, the company expects revenue of $2.1 billion.

Neutral

TrialStat Corporation Adopts Pure Storage® FlashArray and Evergreen Storage subscriptions

2021-11-10 14:00:00

Pure Storage announced that TrialStat Corporation has adopted Pure Storage® FlashArray™ and Evergreen™ Storage subscriptions to speed clinical trial research and enable always-on data management services for its customers. Clinical trial researchers collect and analyze massive quantities of data on the safety and efficacy of new pharmaceuticals, vaccines, and medical devices. In fact, a single clinical trial, which can run for years, has the ability to generate millions of records from thousands of participants globally. Trial efficiency depends on how quickly researchers can access and work with this data. However, many of today's data management solutions conduct overnight batch processing, increasing latency in data capture and access, and ultimately slowing trial progress. To solve this need, TrialStat simplifies data management with an interoperable, feature complete electronic data capture (EDC) platform, with real-time reporting, analytics, and data extracts. Replacing its legacy storage solution with Pure Storage FlashArray//X, the company is able to deliver the speed and real-time data access researchers need to complete studies efficiently and bring life-saving medical treatments and devices to market faster.

Neutral

Pure Storage, Inc. Presents at UBS Global TMT Virtual Conference, Dec-06-2021

2021-11-09 19:30:00

Pure Storage, Inc. Presents at UBS Global TMT Virtual Conference, Dec-06-2021 . Venue: New York, United States. Speakers: Charles H. Giancarlo, Chairman & CEO, Kevan Krysler, Chief Financial Officer, Robert Lee, Chief Technology Officer, Sanjot Khurana, Vice President of Investor Relations.

Neutral

Pure Storage Partners with Microsoft Azure to Speed Semiconductor Design

2021-11-08 14:00:00

Pure Storage announced it has partnered with Microsoft Azure to significantly speed next-gen chip design by delivering a data layer that can keep up with massive, concurrent high-performance computing (HPC) workloads running in the cloud. FlashBlade at Equinix with Microsoft Azure for EDA is the first-ever validated solution to leverage cloud-adjacent storage for engineering design and automation (EDA) workloads. Pure Storage and Equinix have joined forces with Microsoft Azure to deliver cloud-adjacent storage for EDA, HPC and other highly parallel workloads, such as software build and testing. The solution leverages Pure Storage FlashBlade®, the leading unified fast file and object (UFFO) storage platform that delivers multi-dimensional performance at scale. FlashBlade at Equinix with Azure for EDA employs FlashBlade in an Equinix data center with a low-latency connection to Azure. The solution offers several benefits, including: Simplified Cloud Adoption: Using array-level features, data can be staged and ready for cloud use at any time and in any location geographically; Performance at Scale: FlashBlade is a high-performance, all-flash storage system for file and object data. It can support hundreds of thousands of parallel TCP connections per chassis to enable high levels of parallel computation; and Security and Control: Customers retain full control of their data while leveraging FlashBlade's Purity operating system with built-in security and data management features. Enterprises will also have the ability to flex to multiple clouds without data migration.

Negative

Pure Storage, Inc. Announces Board Changes

2021-11-03 12:47:00

Pure Storage, Inc. announced that Chief Revenue Officer Dominick Delfino will be leaving Pure for a new role outside of the company. Dominick's contributions during his year at Pure included improving rigor and excellence in go-to-market operations. Dan FitzSimons, current VP of Americas Sales, has been named the company’s new Chief Revenue Officer. During Dan’s six years at Pure, he has made many contributions to the company’s growth and he has proven industry experience creating high performance global sales teams.

Neutral

Pure Storage, Inc. to Report Q3, 2022 Results on Nov 23, 2021

2021-11-03 12:45:00

Pure Storage, Inc. announced that they will report Q3, 2022 results on Nov 23, 2021

Neutral

Pure Storage, Inc., Q3 2022 Earnings Call, Nov 23, 2021

2021-11-03 12:45:00

Pure Storage, Inc., Q3 2022 Earnings Call, Nov 23, 2021

Neutral

The Cyber Security Summit, Cyber Security Summit - Boston, MA, Nov 17, 2021

2021-10-22 15:01:00

The Cyber Security Summit, Cyber Security Summit - Boston, MA, Nov 17, 2021. Venue: Boston, Massachusetts, United States.

Positive

Pure Storage, Inc. Announces Release of Portworx PX-Backup Enables Cross-Cloud Data Protection and Migration of Stateful Applications Running on Kubernetes

2021-10-12 13:00:00

Pure Storage® announced the release of PX-Backup 2.1, its market-leading application and data protection platform for modern applications. Portworx also released new survey data assessing end user perspectives on running stateful applications on Kubernetes. The latest enhancements to PX-Backup provide enterprises with comprehensive data protection, multi-cloud mobility, and improved compliance support for applications running on Kubernetes, regardless of whether they are running on premises or in the cloud. New enhancements include: Application Portability between clouds: PX-Backup delivers application portability between any cloud or on-premises data center. With the latest version, customers can back up Kubernetes applications running in one cloud or data center and restore them in any other. Improved Compliance via 3-2-1 Backup Rule Support for any storage: The 3-2-1 backup rule is an industry standard for any data protection plan, ensuring recovery from several failure scenarios. With this release, PX-Backup can now offload backups from CSI snapshots to object storage. Enterprises running Kubernetes apps on Portworx PX-Store, any CSI compliant storage service, or cloud-based storage can now use PX-Backup to maintain three copies of data (production, snapshots, backup copy) across both disk and object storage. This provides flexibility to store data offsite (in any cloud), fulfilling the requirements of a 3-2-1 based backup program. Expanded Recovery with Support for File Shares: In addition to existing capabilities to backup block-based workloads, enterprises can now backup and recover applications running on read-write-many (RWX) persistent volumes provisioned as file shares from FlashBlade, Portworx proxy volumes, or any NFS server. Improved Protection using PX-Secure: PX-Backup users can now leverage both the role-based access controls and encryption services offered in Portworx PX-Secure, gaining an added layer of security support for their modern applications and the ability to reduce management overhead. Kubernetes continues to play a critical role in driving business agility and resilience as enterprises work to modernize their applications and infrastructure. An end user survey fielded among 500 IT professionals in the U.S. and U.K. found that over half of respondents cited increasing agility (58%) and increasing resilience (52%) as the biggest drivers behind their team's decision to build and deploy stateful applications on Kubernetes. Key survey findings include: Impacts to a Company's Bottom Line: IT Professionals agree that running stateful apps on Kubernetes allows them to develop (54%) and scale (55%) their apps faster, while allowing developers to be more efficient (55%). Backup & Restore is a Key Requirement: Backup & Restore (55%), Data Mobility and Capacity Management (49%), and High Availability (48%) were identified by IT Professionals as the most critical requirements for stateful apps running on Kubernetes. Data Mobility and Protection are a Challenge: Data Mobility (29%) is the requirement IT Professionals struggle to achieve the most when running stateful apps on Kubernetes, while Data Protection (46%) is the biggest operational challenge. Stateful Workloads are Expected to Increase: A majority (87%) of respondents expect the percentage of stateful workloads over the next 12 months to increase, while 9% expect it to stay the same, and only 4% expect it to decrease.

Neutral

Pure Storage, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Nov-30-2021

2021-10-07 17:42:00

Pure Storage, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Nov-30-2021 . Speakers: Charles H. Giancarlo, Chairman & CEO, Kevan Krysler, Chief Financial Officer, Robert Lee, Chief Technology Officer, Sanjot Khurana, Vice President of Investor Relations.

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Neutral

Pure Storage and VMware Collaborate on Pure Validated Design to Accelerate Adoption of Modern Applications and Infrastructure

2021-10-05 13:00:00

Pure Storage announced the release of a new Pure Validated Design (PVD) in collaboration with VMware to provide mutual customers with a complete, full-stack solution for deploying mission-critical, data rich workloads in production on VMware Tanzu. The PVD provides a comprehensive architecture, including design considerations and deployment best practices, that customers can use to enable their stateful applications like databases, search, streaming, and AI/machine learning apps running on VMware Tanzu to have access to the critical container-granular storage and data management provided by Portworx. While VMware Tanzu allows organizations to use their existing investments in infrastructure to run enterprise-grade Kubernetes inside their own data centers, enabling organizations to build, run, and manage modern applications, Portworx by Pure Storage provides the critical layer of persistent storage and data management needed to run stateful applications more securely and effectively, offering features including replication and higher availability, greater security and encryption, capacity management, disaster recovery, and data protection. The PVD highlights the benefits of using Portworx with both Tanzu Data Services and applications deployed on Tanzu. The four most common use cases to help administrators deploy and operate a robust Kubernetes stack include: Kubernetes Storage and Data Management for VMware Tanzu: Portworx Enterprise provides cloud-native storage and data management for VMware Tanzu, including features like replication and higher availability, encryption and role based access controls, class of service, automated capacity management and auto-scaling; Data Protection for VMware Tanzu: Portworx PX-Backup provides a Kubernetes backup and restoration solution for applications running on VMware Tanzu; Disaster Recovery for VMware Tanzu: to enable customers to build disaster recovery solutions for their apps running on VMware Tanzu, PX-DR provides synchronous and asynchronous replication capabilities to enable that cloud native applications to have the resiliency needed to meet predefined service-level agreements (SLAs); and Tanzu Data Services and Portworx: Portworx Enterprise, PX-DR, and PX-Backup provide a consistent storage and data management solution that can be used to enhance operational capabilities for multiple VMware Tanzu Data Services. Regardless of whether an organization chooses to run their VMware Tanzu clusters on premises or in the public cloud, they can still rely on Portworx to provide the same set of storage and data services for their Tanzu applications.

Neutral

Pure Storage, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-29-2021 through Dec-02-2021

2021-10-05 09:20:00

Pure Storage, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-29-2021 through Dec-02-2021. Venue: The Phoenician Hotel, Scottsdale, Arizona, United States. Presentation Date & Speakers: Dec-01-2021, Charles H. Giancarlo, Chairman & CEO. Dec-02-2021, Charlie Giancarlo, Kevan Krysler, Chief Financial Officer, Robert Lee, Chief Technology Officer, Sanjot Khurana, Vice President of Investor Relations.

Neutral

Pure Storage, Inc. Presents at Open Networking & Edge Summit + Kubernetes on Edge Day, Oct-12-2021 04:20 PM

2021-10-05 05:02:00

Pure Storage, Inc. Presents at Open Networking & Edge Summit + Kubernetes on Edge Day, Oct-12-2021 04:20 PM. Venue: Los Angeles, California, United States. Speakers: Yin Ding, Senior Architect.

Neutral

Pure Storage, Inc. Presents at ElasticON Global Virtual Conference, Oct-05-2021 01:00 PM

2021-10-02 02:53:00

Pure Storage, Inc. Presents at ElasticON Global Virtual Conference, Oct-05-2021 01:00 PM. Speakers: Joshua Robinson, Principal Technologist.

Positive

Pure Storage Introduces Pure Fusion; A Self-Service, Autonomous Storage-As-Code Platform Built for Limitless Scale

2021-09-28 13:00:00

Pure Storage® announced Pure Fusion™, an industry-first self-service, autonomous storage platform that marries the best of enterprise storage with the agility and scalability of the cloud. Pure Fusion delivers a SaaS management plane that pools storage arrays into availability zones and automates previously complex tasks such as workload placement, workload mobility, and fleet rebalancing. It also includes a new API framework that enables both storage teams and end users to operate in an on-demand, storage-as-code model that integrates with the developer tools they use. IT leaders want the scale and ease-of-use of the public cloud from their own infrastructure, but legacy storage is mired in fundamentally complex architectures, making it impossible to automate at scale. Enterprise storage must evolve to deliver a cloud-operating model that gives organizations the flexibility, agility, and speed they want, no matter where their data ultimately resides. Pure Fusion delivers a new infinite scale-out storage model that unifies arrays and optimizes storage pools on the fly, bringing the simplicity of the cloud operating model anywhere with on-demand consumption and back-end provisioning. End-users will be able to rapidly consume volumes, file systems, and advanced data services like replication without waiting for back-end manual work, making hardware truly invisible. Pure Fusion will allow organizations to scale seamlessly, integrating first with FlashArray//X, FlashArray//C, and Pure Cloud Block Store, with future integrations planned with FlashBlade and Portworx. Pure Fusion, coupled with the powerful Pure portfolio, will take performance, density, and data availability to new levels. Key features and benefits of Fusion include: Infinite scale-out: Modernize storage clustering with new cloud-like availability zones to achieve nearly unlimited scale-out. Cloud self-service: Enable end-users to rapidly consume volumes, file systems, and advanced data services like replication without waiting for back-end manual work. Intelligent workload management: Optimize storage pools by assigning and rebalancing workloads on the fly as conditions change - without hands-on management. Enhanced reliability: Ensure global availability and superior fault tolerance without impacting performance. Seamless automation through Storage-as-Code™ model: Provision and deploy customer storage volumes faster, from the most common tools developers use like Terraform and Ansible, with a powerful API-first interface.

Positive

Pure Storage Leads the Industry with New Services and Software to Further Expand Its Vision of the Modern Data Experience

2021-09-28 13:00:00

Pure Storage® unveiled a significant progression of the company vision of modernizing how bcustomers work with data - by modernizing infrastructure, operations, and applications. Today's announcements bring infrastructure and applications closer together by enabling cloud-like automation and delivery of storage: Pure Fusion™, a self-service, autonomous storage-as-code platform built for limitless scale, lets customers bring the cloud operating model anywhere and run, operate, and consume traditional storage like a cloud service. Portworx Data Services, the industry's first Database-as-a-Service platform for Kubernetes, lets DevOps engineers deploy a managed, production-grade data service with the click of a button. This gives software developers access to the database applications they need to build on, without needing to become experts. Pure is meeting the demands of modern business by making data infrastructure fast to deploy, provision, and manage. With Pure, infrastructure is automated, API-driven, and transparent, and application developers are accelerated with access to the fully-integrated and deployment-ready database tools they need.

Positive

Pure Storage Unveils Portworx Data Services, the Industry's First Database-As-A-Service Platform for Kubernetes

2021-09-28 13:00:00

Pure Storage® announced Portworx Data Services, the industry's first Database-as-a-Service (DBaaS) Platform for Kubernetes. Modern applications are composed of dozens or even hundreds of microservices, often supported by one or more data services such as databases, streaming and message queues, search, AI/ML pipelines, and more. Managing so many types of data services is complex, but this complexity is augmented further by the number of database instances to manage and scale across disparate test, dev, and production environments, across availability zones and clouds, with varied requirements around performance, high availability, data protection, data security, compliance, and more. As a result of this complexity, DevOps teams spend a large amount of their time firefighting deployments and operations, instead of delivering new features customers want. Portworx Data Services delivers automated DBaaS management to solve these problems and more. With the click of a button, DevOps engineers can deploy a managed, production-grade data service on Kubernetes from the industry's broadest catalog of options for SQL, NoSQL, search, streaming, and more, with fully automated Day-2 operations. Portworx Data Services delivers key capabilities to help customers accelerate innovation: Built upon the gold standard of Kubernetes storage and data management: Portworx Enterprise provides the building blocks for building production-grade data services on Kubernetes such as high availability, data protection, data security and mobility. Portworx Data Services combines those capabilities, along with best practices, to create and run enterprise-class data services on-demand in any Kubernetes cluster. Supports the broadest range of data services: Users can leverage Portworx Data Services to deploy and manage the industry's broadest catalog of stateful applications, providing solutions for SQL, NoSQL, search, streaming, and other stateful workloads. Dramatically simplifies running data services on Kubernetes: Applications deployed by Portworx Data Services automatically support backup and restore, high availability, disaster recovery, data security, automated capacity management, and data migration. Provides consistent operational experience regardless of environment: Cloud or on-prem doesn't matter. DevOps teams will have the same DBaaS experience for all data services regardless of where their application runs.

Neutral

Raymond James & Associates, Inc., Raymond James Virtual Technology Investors Conference 2021, Dec 06, 2021 through Dec 08, 2021

2021-09-16 22:54:00

Raymond James & Associates, Inc., Raymond James Virtual Technology Investors Conference 2021, Dec 06, 2021 through Dec 08, 2021.

Neutral

451 Research, LLC, 451Nexus: Poor CX Has a High Price Tag: $222bn Opportunity to Improve the Customer Experience, Oct 19, 2021

2021-09-16 21:07:00

451 Research, LLC, 451Nexus: Poor CX Has a High Price Tag: $222bn Opportunity To Improve the Customer Experience, Oct 19, 2021.

Neutral

451 Research, LLC, 451Nexus: Cloud Native State of Mind, Oct 20, 2021

2021-09-16 21:07:00

451 Research, LLC, 451Nexus: Cloud Native State of Mind, Oct 20, 2021.

Neutral

S&P Global Market Intelligence Inc., 451 Research, LLC, 451Nexus - Building the technology foundation for the digital next, Oct 19, 2021 through Oct 20, 2021

2021-09-16 21:04:00

S&P Global Market Intelligence Inc., 451 Research, LLC, 451Nexus - Building the technology foundation for the digital next, Oct 19, 2021 through Oct 20, 2021.

Neutral

Elastic N.V., ElasticON Global Virtual Conference, Oct 05, 2021 through Oct 07, 2021

2021-09-16 17:00:00

Elastic N.V., ElasticON Global Virtual Conference, Oct 05, 2021 through Oct 07, 2021.

Neutral

Elastic N.V., ElasticON Global Virtual Conference, Oct 05, 2021 through Oct 07, 2021

2021-09-16 17:00:00

Elastic N.V., ElasticON Global Virtual Conference, Oct 05, 2021 through Oct 07, 2021.

Negative

Pure Storage, Inc. Appoints Mallun Yen to Board of Directors

2021-09-14 20:02:00

Pure Storage, Inc. announced the appointment of Mallun Yen to its Board of Directors. Yen will join as a new member of the Board and the nominating and corporate governance committee. Yen currently serves as founder and CEO at Operator Collective, where she convenes the leading operators, founders, and investors in enterprise technology to accelerate the next generation of innovation.

Neutral

Pure Storage FlashBlade Enables DC BLOX to Offer Critical Storage Infrastructure Capabilities, Continue Expansion of Data Centers Across Southeastern U.S

2021-09-14 13:00:00

Pure Storage announced that DC BLOX has adopted FlashBlade®, Pure's unified fast file and object (UFFO) storage solution, delivered via Pure as-a-Service™ to power the growing storage infrastructure needs of its customers and accelerate local economic growth. Using Pure's FlashBlade® delivered via Pure as-a-Service™, however, DC BLOX offers customers fast, secure, and resilient data pipelines that can adeptly handle growing amounts of unstructured data, while keeping prices for data-intensive workloads competitive and continuing its regional expansion of data centers. FlashBlade enables DC BLOX customers to quickly process large, complex genomic workloads supported by high performance and capacity, and at pricing that reflects actual consumption. DC BLOX is also leveraging Pure's Evergreen Storage™ subscription, which allows it to upgrade with no disruptions and expand its Pure infrastructure when needed.

Neutral

Pure Storage, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 11:20 AM

2021-09-06 15:59:00

Pure Storage, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 11:20 AM. Speakers: Charles H. Giancarlo, Chairman & CEO, Kevan Krysler, Chief Financial Officer.

Neutral

Olympus Introduces Pure Storage to Their Large-Scale Container-Based AI Development Platform

2021-08-31 13:00:00

Pure Storage announced that Olympus, the world's leading provider of endoscopes and other medical devices, selected AIRI, Pure's reference architecture for AI (artificial intelligence), to contribute to the rapid provision of AI development for the company. AIRI, a modern AI infrastructure jointly architected using Pure Storage FlashBlade and NVIDIA DGX-1 Systems, gives Olympus the speed, scalability, and flexibility it needs to continuously develop and deploy high-performance, data-intensive applications. The FlashBlade Unified Fast File and Object (UFFO) platform hosts hundreds of terabytes of data, feeding images and other data into AI and ML (machine learning) models to produce increasingly accurate results over time. When Olympus introduced AIRI® into its architecture, they also introduced on-demand storage provisioning for containerized environments. Pure's proactive support has enabled the launch of a container-based AI development platform and environment, while helping to drive more efficient use of resources overall. This has increased the delivery speed of the AI development environment, empowering developers with self-service capabilities. In addition, Pure's FlashBlade and Evergreen Storage™ solutions proved to be a meaningful benefit by supporting swift upgrades without downtime. Developers are now freed from the burden of resource management in the AI development environment. By leveraging Pure, Olympus has been able to speed time to market for innovative new solutions. With the integration of AIRI and Red Hat OpenShift, its developers can rapidly spin up development environments and simplify storage delivery to container-native applications using Red Hat OpenShift. It helps Olympus launch applications sooner and explore the virtually limitless possibilities for solving global healthcare challenges.

Positive

Pure Storage to Seek M&A

2021-08-25 20:30:00

Pure Storage, Inc. (NYSE:PSTG) will look for M&A. Charlie Giancarlo, CEO said "We continue to be investigating opportunities for M&A. We believe that M&A that really enhances our ability to provide a cloud operating model for our customers is the right way for us to be focused. And there isn't a quarter or even a week that goes by where we're not investigating a potential combination for the company. So M&A continues to be an active area of investigation for us".

Neutral

Pure Storage, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of Fiscal Year 2022

2021-08-25 20:22:00

Pure Storage, Inc. provided revenue guidance for the third quarter and full year of fiscal year 2022. For the quarter, the company expects revenue of $530 million.For the full year, the company expects revenue of $2.04 billion.

Neutral

UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021

2021-08-25 17:29:00

UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021. Venue: New York, United States.

Neutral

Tranche Update on Pure Storage, Inc. (NYSE:PSTG)'s Equity Buyback Plan announced on August 21, 2019.

2021-08-25 00:00:00

From May 3, 2021 to August 1, 2021, the company has repurchased 2,313,000 shares, representing 0.82% for $44.34 million. With this, the company has completed the repurchase of 14,091,430 shares, representing 5.24% for $224.35 million under the buyback announced on August 21, 2019.

Neutral

Pure Storage, Inc. to Report Q2, 2022 Results on Aug 25, 2021

2021-08-04 20:05:00

Pure Storage, Inc. announced that they will report Q2, 2022 results on Aug 25, 2021

Neutral

Pure Storage, Inc., Q2 2022 Earnings Call, Aug 25, 2021

2021-08-04 20:05:00

Pure Storage, Inc., Q2 2022 Earnings Call, Aug 25, 2021

Neutral

Pure Storage, Inc. - Analyst/Investor Day

2021-08-02 13:00:00

To discuss on its vision, strategy, and financial outlook

Neutral

Pure Storage, Inc. Presents at SIGGRAPH 2021 Production Sessions, Aug-09-2021

2021-07-22 19:35:00

Pure Storage, Inc. Presents at SIGGRAPH 2021 Production Sessions, Aug-09-2021 .

Positive

Pure Storage Expands As-A-Service Offerings Designed to Support Business Outcomes

2021-07-20 13:00:00

Pure Storage announced further expansion of its robust subscription services portfolio. With FlashStack delivered as-a-Service, customers can leverage Pure and Cisco's AI-based software-defined infrastructure with flexible consumption economics. For applications running on Kubernetes, Portworx Cloud Consumption aligns spend to actual hours of usage. By continuing to expand its as-a-Service offerings - which unify block, file, fast-file and object storage across all tiers of performance, and private and public clouds into a single data-storage subscription. FlashStack as-a Service from Pure Storage and Cisco is an AI-based, software-defined modern data infrastructure that integrates on-premises and multi-cloud landscapes. Discretely scalable and holistically managed, FlashStack delivers a full-stack solution for critical apps that is always-on and future-proof. Customers can slash deployment and administration time and risk with pre-tested, validated reference architectures for popular workloads. By delivering a modern operational model, FlashStack helps customers stay ahead of business demand and protect applications and data on premises, at the edge, or in the cloud. Portworx allows customers to operate and scale their modern enterprise apps consistently on any cloud or data center with the performance, security, and data protection they are used to. Because cloud native applications running on Kubernetes are highly dynamic, estimating the exact number of servers needed to run applications on Kubernetes is a significant challenge which leads to overprovisioning and higher costs. To solve this challenge, Portworx is introducing flexibility to allow customers' consumption of Portworx to match the ebbs and flows of their applications. Previously, customers would purchase one or more annual Portworx licenses which could each be run on any single server. If they needed to scale beyond the number of licenses purchased, however, they would have to contact sales to purchase additional licenses. With the new flexible pricing, customers purchase a number of hours, rather than a license tied to a single server. These hours can be consumed at any rate throughout the year depending on how many servers they need to run, similar to how public cloud reserved instance pricing works. FlashStack as-a-Service is delivered via Pure and Cisco authorized partners and available now in the US, Canada, UK, Germany, The Netherlands, and Australia. Portworx Cloud Consumption is available now to all Portworx customers.

Neutral

Association For Computing Machinery, Inc., SIGGRAPH 2021 Production Sessions, Aug 09, 2021 through Aug 13, 2021

2021-07-19 13:00:00

Association For Computing Machinery, Inc., SIGGRAPH 2021 Production Sessions, Aug 09, 2021 through Aug 13, 2021.

Neutral

VMware, Inc., VMworld 2021, Oct 05, 2021 through Oct 07, 2021

2021-07-16 00:00:00

VMware, Inc., VMworld 2021, Oct 05, 2021 through Oct 07, 2021. VMworld 2021 will bring together thousands of attendees from around the globe to hear from the best in the industry about how to deliver and secure apps, and manage clouds in any environment.

Neutral

The Linux Foundation, Open Networking & Edge Summit + Kubernetes on Edge Day, Oct 11, 2021 through Oct 12, 2021

2021-06-30 09:15:00

The Linux Foundation, Open Networking & Edge Summit + Kubernetes on Edge Day, Oct 11, 2021 through Oct 12, 2021. Venue: Los Angeles, California, United States.

Fundamental Summary

At a high level, the metrics from Pure Storage's Q1 financial report release provided many positive indicators. Specifically, their growth and income factors indicate a well-planned and balanced effort, which is generating exciting growth. We expect that this positive performance will continue in the coming months, and anticipate that Pure Storage will maintain good momentum even in a challenging environment. As such, Pure Storage received an overall score of 81 and a BUY recommendation.

Pure Storage reported earnings results for the first quarter ended May 08, 2022. For the first quarter, the company reported revenue was USD 620.41 million compared to USD 412.71 million a year ago. Net loss was USD 11.54 million compared to USD 84.21 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.3 a year ago.

Business Description

Pure Storage provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data-protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription, Pure as-a-Service, and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage in January 2010. Pure Storage was incorporated in 2009 and is headquartered in Mountain View, California.

Sector Overview

Pure Storage is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Pure Storage's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2,828.4 -9.8% 82
Liabilities 2,101.3 -11.7% 42
Price to Book 10.4 0.9% 57
Cash & Equivalents 455.2 -2.4% 66
Equity 727.1 -3.6% 62
EBITDA 112.4 205.8% 97
Total Revenues 2,388.5 9.5% 46
Parameter Value Change Score
Return on Equity -9.8 48.6% 96
Net Cashflow 154.4 19.7% 94
Capital Expenditure -107.3 -4.9% 64
Asset Turnover 0.9 18.0% 97
Free Cashflow 1.7 60.7% 91

* All values are TTM

The below chart reflects Pure Storage's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Pure Storage's peer average final assessment score stands on 66.0, Pure Storage's score is 81.

  •  PSTG
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 0 1
HP Inc. 36.5B 95 73 57
Buy
82
82 1 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 2 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 3 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 4 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 5 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 6 1
Apple Inc. 2.3T 53 74 84
Hold
75
75 7 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 8 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 9 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 10 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 11 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 12 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 13 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 14 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 15 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 16 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 17 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 18 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 19 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Pure Storage's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Pure Storage's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 26.96
52W Low 17.93
52W High 36.0
5D MA 26.3
50D MA 26.91
200D MA 28.47
MACD -0.08
RSI 3.3
STOCH 72.43

Balance Sheet Analysis

Pure Storage's most recent balance sheet report has several troubling numbers, specifically Liabilities and Book Value Factors. Pure Storage's liabilities stood at 2101.3 in the current filing, which represents a -11.7% change from the previous report. Pure Storage's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 42. Also, Pure Storage's price to book ratio (P/B) was reported as 10.4 and represents 0.9% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.8%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Therefore, their book value factors earned a score of 57. However, one encouraging metric, Assets, stood out. Pure Storage's management was effective in managing the value of the assets on their balance sheet, which now sits at 2828.4 and represents a -9.8% change from the previous report. This performance is interesting in comparison to its peers and competitors. Therefore, its asset component earned a score of 82. The company's balance sheet, Therefore, earned a score of 55.

Parameter Value Change Score
Assets 2,828.4 -9.8% 82
Liabilities 2,101.3 -11.7% 42
Price to Book 10.4 0.9% 57
Cash & Equivalents 455.2 -2.4% 66
Equity 727.1 -3.6% 62
* All values are TTM

The below chart describes Pure Storage's performance as reflected on its balance sheet with respect to its peers. While Pure Storage received a balance sheet score of 55, the average of its peers stands on 63.0.

  •  PSTG
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 0 1
HP Inc. 36.5B 71 73 97 91 92 95 1 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 2 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 3 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 4 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 5 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 6 1
Apple Inc. 2.3T 50 80 60 46 56 53 7 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 8 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 9 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 10 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 11 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 12 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 13 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 14 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 15 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 16 1
Canaan Inc. 600.4M 76 62 88 67 83 81 17 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 18 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 19 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 20 1

Income Statement Analysis

Overall, Pure Storage's critical income statement metrics appear to strongly support positive growth going forward. Pure Storage reported impressive EBITDA this period. At filing, EBITDA was reported as 112.4, representing 205.8% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. Consequently, their EBITDA movement received a grade of 97. Also, Return factors metrics and ratios were exceptional in this report. Pure Storage reported a return on equity (ROE) ratio of -9.8, representing a change of 48.6% from the last report. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 96. At the same time, one critical income statement metric, Revenue Efficiency, was notably weak. Pure Storage reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 2388.5 and represented 9.5% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 46. Therefore, their income statement earned a grade of 71.

Parameter Value Change Score
EBITDA 112.4 205.8% 97
Total Revenues 2,388.5 9.5% 46
Return on Equity -9.8 48.6% 96
* All values are TTM

The below chart describes Pure Storage's performance as reflected on its income statement with respect to its peers. While Pure Storage received a income statement score of 71 , the average of its peers stands on 62.0.

  •  PSTG
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Dell Technologies Inc. 37.2B 68 65 82 69 0 1
HP Inc. 36.5B 81 61 64 73 1 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 2 1
3D Systems Corporation 1.3B 91 38 42 67 3 1
IonQ, Inc. 957.0M 37 47 61 43 4 1
Eastman Kodak Company 419.9M 75 61 49 68 5 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 6 1
Apple Inc. 2.3T 76 67 79 74 7 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 8 1
Western Digital Corporation 14.9B 80 83 71 82 9 1
NetApp, Inc. 14.9B 76 63 52 70 10 1
Xerox Holdings Corporation 2.5B 88 46 45 69 11 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 12 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 13 1
Stratasys Ltd. 1.3B 61 48 81 58 14 1
Avid Technology, Inc. 1.2B 79 68 69 75 15 1
Nano Dimension Ltd. 834.0M 37 46 73 45 16 1
Canaan Inc. 600.4M 38 93 77 64 17 1
CompoSecure, Inc. 441.4M 51 69 53 58 18 1
Coolpad Group Limited 275.6M 98 58 63 80 19 1
Turtle Beach Corporation 227.4M 96 41 42 69 20 1

Cash Flow Analysis

Two main cash flow metrics, Asset Turnover and Net Cash Flow, are driving the positive outlook for Pure Storage's financial strength. Pure Storage's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Pure Storage recorded asset turnover of 0.9, which represents a 18.0% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Correspondingly, their asset turnover movement received a grade of 97. Also, Pure Storage presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 154.4, which is a change of 19.7% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Consequently, their net cash flow movement received a grade of 94. That said, one metric, Capital Expenditure, stood out as particularly concerning. Pure Storage's management was ineffective in materially improving CapEx, which now sits at -107.3 and represents a -4.9% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 64. Its cash flow received an overall score of 95.

Parameter Value Change Score
Net Cashflow 154.4 19.7% 94
Capital Expenditure -107.3 -4.9% 64
Asset Turnover 0.9 18.0% 97
Free Cashflow 1.7 60.7% 91
* All values are TTM

The below chart describes Pure Storage's performance as reflected on its cash flow with respect to its peers. While Pure Storage received a cash flow score of 95, the average of its peers stands on 73.0.

  •  PSTG
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Dell Technologies Inc. 37.2B 68 50 68 85 72 0 1
HP Inc. 36.5B 56 59 60 59 57 1 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 2 1
3D Systems Corporation 1.3B 58 40 61 65 55 3 1
IonQ, Inc. 957.0M 69 66 54 98 82 4 1
Eastman Kodak Company 419.9M 84 50 50 54 57 5 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 6 1
Apple Inc. 2.3T 76 75 68 91 84 7 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 8 1
Western Digital Corporation 14.9B 65 82 54 70 70 9 1
NetApp, Inc. 14.9B 77 58 37 53 55 10 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 11 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 12 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 13 1
Stratasys Ltd. 1.3B 83 37 77 51 55 14 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 15 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 16 1
Canaan Inc. 600.4M 67 69 73 46 57 17 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 18 1
Coolpad Group Limited 275.6M 59 74 79 43 58 19 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 20 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.