Q2 total revenue growth of 11% year-over-year Subscription services ARR growing 24% year-over-year SANTA CLARA, Calif., Aug. 28, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its second quarter fiscal year 2025 ended August 4, 2024. "In a world where energy demands are soaring, the power savings of Pure Storage alone make the move from hard disks to Pure technology a smart c ...

The upcoming report from Pure Storage (PSTG) is expected to reveal quarterly earnings of $0.38 per share, indicating an increase of 11.8% compared to the year-ago period. Analysts forecast revenues of $756.59 million, representing an increase of 9.9% year over year. The consensus EPS estimate for the quarter has undergone a downward revision of 4.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during thi ...

Pure Storage, Inc (PSTG) is scheduled to report second-quarter fiscal 2025 results on Aug 28. PSTG expects revenues to be $755 million for the quarter, implying an increase of 9.6% from the year-ago figure. The Zacks Consensus Estimate is pegged at $756.6 million, indicating an improvement of 9.9% from the prior-year level. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share, implying a rise of 11.8% from the prior-year level. PSTG beat on earnings in each of the trailing four quarters ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Pure Storage (PSTG) , which belongs to the Zacks Computer- Storage Devices industry. When looking at the last two reports, this data storage company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 28.28%, on average, in the last two quarters. For the last reported quarter, Pure Storage came out with earnings ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Pure Storage (PSTG) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact 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 released on August 28. O ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Pure Storage (PSTG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Pure Storage currently has an average ...

In collaboration with industry peers, Pure Storage commits to expanding the capabilities of high performance Ethernet for large-scale AI and HPC initiatives SANTA CLARA, Calif., Aug. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that it joined Ultra Ethernet Consortium (UEC), a Linux Foundation initiative dedicated to building a complete, open, and accessible Ethernet-based architecture to acc ...

Pure Storage, Inc's (PSTG) shares have been performing well on the trading front, with a gain of 51.4% year to date compared with the S&P 500 composite's growth 19.2%. Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. Its primary offerings are FlashArray and FlashBlade products, which include FlashArray//C, FlashArray//XL, FlashArray File Services, FlashBlade//S and FlashBlade//E. The company offers its prod ...

SANTA CLARA, Calif., Aug. 7, 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 Wednesday, August 28 at 2:00 p.m. PT to discuss its financial results for the second quarter fiscal year 2025 ended August 4, 2024. This conference call will be held following the release of Pure Storage's financial results. Second Quarter Fiscal 2025 Conference Call Details A live audio br ...

The latest trading session saw Pure Storage (PSTG) ending at $53.84, denoting a +1.85% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 1.04%. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%. The the stock of data storage company has fallen by 18.89% in the past month, lagging the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%. Investors will be eagerly watching for the performan ...