Wall Street analysts expect Pure Storage (PSTG) to post quarterly earnings of $0.22 per share in its upcoming report, which indicates a year-over-year increase of 175%. Revenues are expected to be $681.37 million, up 15.6% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company announces its earnings, it is essential t ...

In the latest market close, Pure Storage (PSTG) reached $60.31, with a +0.67% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.27%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.19%. Shares of the data storage company have appreciated by 15.66% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.82% and the S&P 500's gain of 7.34%. The investment ...

Pure Storage (PSTG) recently announced that New Mexico State University ("NMSU") is deploying its leading-edge data storage solutions in an effort to revolutionize IT infrastructure and modernize the education journey for more than 25,000 students, staff members and faculties. NMSU is a leading name in the academic field that serves as a NASA Space-Grant College. In addition, it has a satellite learning center in Albuquerque, 12 agricultural research and science centers and the first Honors College in New M ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Pure Storage (PSTG), and suggests that while the average brokerage recommendation (ABR) indicates a favorable outlook, investors should be cautious and validate these recommendations with other tools like Zacks Rank [1][4]. Brokerage Recommendations - Pure Storage has an average brokerage recommendation (ABR) of 1.42, indicating a consensus between Strong Buy and Buy, based on recommendations from 20 brokerage firms [2]. - Out of the 20 recommendations, 14 are Strong Buy and 3 are Buy, which accounts for 70% and 15% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high price appreciation potential [4]. - Brokerage firms tend to exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [5][9]. Zacks Rank as an Alternative - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which are more predictive of near-term stock price movements [7][10]. - The Zacks Rank is distinct from ABR, as it is a quantitative model that reflects timely earnings estimate revisions, while ABR may not always be up-to-date [8][12]. Current Earnings Estimates for Pure Storage - The Zacks Consensus Estimate for Pure Storage's earnings for the current year remains unchanged at $1.59, suggesting stable analyst views on the company's earnings prospects [13]. - Due to the unchanged consensus estimate and other factors, Pure Storage holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the favorable ABR [14].

Customer Challenge: NMSU, a renowned academic institution serving as a NASA Space-Grant College and home to the first Honors College in New Mexico, serves a diverse student body across four campuses, a satellite learning center in Albuquerque, and 12 agricultural research and science centers. The University has quickly become a vital stepping stone to success for countless students. To further its commitment to delivering seamless student services, NMSU recognized the need to modernize its IT environment du ...

Pure Storage, Inc (PSTG) is continuing its upward trajectory, with a surge of 137.1% in the past year compared with the S&P 500 Composite's 26.3% growth. 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 products and servi ...

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.55 per share and a revenue of $3.13 billion, indicating changes of +9.15% and +10.5%, respectively, from the former year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pure Storage. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's busines ...

Pure Cloud Block Store drives agility and performance for Ampersand in a hybrid cloud environment SANTA CLARA, Calif., May 14, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that Ampersand, the TV industry's largest source of combined multiscreen TV inventory and viewership insights, is leveraging Pure Storage's platform to increase data resilience, flexibility, and performance in support of its hybrid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorp ...

69.3 % 67.5 % 71.4 % $ 8.4 27.7 35.1 - % - % 1.6 0.1 % 0.6 - % 0.8 Add: Expenses for severance and termination benefits related to workforce realignment 1.2 - % Add: Costs associated with the exit of certain operations - % - % 3.5 0.4 % 0.6 % 0.4 % Total gross profit and margin (non-GAAP) 573.9 69.4 % 5 26 - % (0.6) % (16.8) (0.6) % - % Less: Amortization of acquired intangible assets - % (0.1)% - % - % - % - % - % 52.0 % 53.7 % 1,489.2 ર | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...