Vladimir_Timofeev/iStock via Getty Images Pure Storage reported a strong Q1 quarter recently, with both top and bottom-line beats. The company reported revenue of $694 million (+18% YoY), beating consensus by $13 million. Non-GAAP EPS was $0.32, a $0.11 beat. The company also maintained its FY 2025 guidance of $3.1 billion. See below the results: PSTG price performance (Seeking Alpha) Pure Storage Q1 earnings (Seeking Alpha) Market Opportunity - Pure Storage Gaining Share The ESS market size is worth around ...

Key Points PSTG Pure Storage stock is moving higher after the company delivered a solid earnings report that included raised guidance for the rest of the year. The company's flash memory-based server storage solutions with advanced management software are becoming a complement or alternative to traditional data centers. Analysts are bidding PSTG stock higher, and there could be as much as 28% upside for the stock. 5 stocks we like better than Pure Storage Pure Storage Inc. NYSE: PSTG delivered a stellar fir ...

Pure Storage (PSTG) reported non-GAAP earnings per share (EPS) of 32 cents in first-quarter fiscal 2024, which beat the Zacks Consensus Estimate by 45.5%. The company reported non-GAAP EPS of 8 cents in the prior-year quarter. Total revenues surged 18% from the year-ago quarter to $693.5 million and beat the Zacks Consensus Estimate by 1.8%. The top-line performance was driven by higher sales to new and existing enterprise customers across the data storage platform. Robust demand for FlashBlade solutions, i ...

Pure Storage, Inc. (NYSE:PSTG) Q1 2025 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Paul Ziots - Vice President, Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore Meta Marshall - Morgan Stanley Howard Ma - Guggenheim Securities Mike Cikos - Needham Asiya Merchant - Citigroup Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond Ja ...

For the quarter ended April 2024, Pure Storage (PSTG) reported revenue of $693.48 million, up 17.7% over the same period last year. EPS came in at $0.32, compared to $0.08 in the year-ago quarter. The reported revenue represents a surprise of +1.78% over the Zacks Consensus Estimate of $681.37 million. With the consensus EPS estimate being $0.22, the EPS surprise was +45.45%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Pure Storage (PSTG) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this data storage company would post earnings of $0.45 per share when it actually produced earnings of $0.50, delivering a surprise of 11.11%. Over the last four quarters, ...

0.1 0.3 - % 0.2 Add: Duplicate lease costs during the transition of our corporate headquarters - % 0.1% Q1FY25 Pure Storage At A Glance Record Q1 for FlashBlade sales, including AI workloads. | --- | --- | --- | --- | |---------------------------------------------------------|-------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------------------------| | | | | | | 2-5x* | 50%+* Lower ...

Pure Storage Announces First Quarter Fiscal 2025 Financial Results Q1 total revenue growth of 18%, year-over-year Subscription services ARR over $1.4 billion SANTA CLARA, Calif. – May 29, 2024 – 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 first quarter fiscal year 2025 ended May 5, 2024. Exhibit 99.1 "Pure Storage is uniquely positioned to integrate fragmented data storage environments, wh ...

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Pure Storage boasts a Zacks Rank of #3 (Hold). Digging into valuation, Pure Storage currently has a Forward P/E ratio of 37.8. Its industry sports an average Forward P/E of 26.6, so one might conclude that Pure Storage is ...

Pure Storage, Inc (PSTG) is scheduled to report first-quarter fiscal 2025 results on May 29. PSTG expects revenues to be $680 million for the quarter, implying an increase of 15.4% from the year-ago figure. The Zacks Consensus Estimate is pegged at $681.4 million, suggesting an improvement of 15.6% from the prior-year level. The Zacks Consensus Estimate for earnings is pegged at 22 cents per share. The company reported earnings of 8 cents in the prior-year quarter. PSTG beat estimates in each of the last fo ...