When was Pure Storage founded Pure Storage was incorporated in Delaware in October 2009 under the name OS76, Inc. We changed our name to Pure Storage in January 2010.Earnings Overview
For the full year, Pure generated revenue of $2.8 billion, a 3% increase from the previous year. The company also reported an operating margin of approximately 16% for fiscal 2024, above its original guidance of 15%. Pure attributed this to strong gross margins across its data storage portfolio.The ownership structure of Pure Storage (PSTG) stock is a mix of institutional, retail and individual investors. Approximately 69.25% of the company's stock is owned by Institutional Investors, 11.44% is owned by Insiders and 19.31% is owned by Public Companies and Individual Investors.
Who is the CEO of Pure Storage : Charles H. Giancarlo (Aug 2017–)Pure Storage / CEO
Charles Giancarlo is Chairman and CEO of Pure Storage, the data storage company that…
Is Pure Storage doing well
The company delivered strong numbers across the board, with subscription services revenue up 24% from a year earlier, to $328.9 million. Subscription-based annual recurring revenue came to $1.4 billion, representing a gain of 25%.
Is Pure Storage a good investment : What do analysts say about Pure Storage Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.
Stock to Watch: Pure Storage (PSTG)
PSTG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. PSTG has a Growth Style Score of A, forecasting year-over-year earnings growth of 9.2% for the current fiscal year. Price to Value Only NetApp FabricPool automatically balances and optimizes your production all-flash capacity with efficient cloud storage. Pure's inefficient approach to data placement requires separate storage arrays and can't leverage cost-effective HDD storage media.
Is Pure Storage a unicorn
Like a number of other unicorns, Pure Storage's later funding rounds have drawn investors who more typically operate in the public equity market.Compared to the current market price of 54.41 USD, Pure Storage Inc is Overvalued by 25%.Pure provides built-in data replication and space-efficient, immutable snapshots, providing protection against human error and malicious intent. With Safemode™ enabled, ransomware can't eradicate, modify, or encrypt snapshots, even with admin credentials. With Pure Storage, there's no need to separate files on different disks to avoid contention, monitor I/O service times, or periodically reorganize the database storage layout to accommodate changes in the I/O workload profile.
Should I invest in Pure Storage : The highest analyst price target is $66.00 ,the lowest forecast is $44.00. The average price target represents 12.43% Increase from the current price of $49.46. Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.
Why buy Pure Storage : Pure provides built-in data replication and space-efficient, immutable snapshots, providing protection against human error and malicious intent. With Safemode™ enabled, ransomware can't eradicate, modify, or encrypt snapshots, even with admin credentials.
Who competes with Pure Storage
Competitors and Alternatives to Pure Storage
Hewlett Packard Enterprise (HPE)
NetApp.
Dell Technologies.
IBM.
Hitachi Vantara.
Fujitsu.
Huawei.
Oracle.
Price to Value Only NetApp FabricPool automatically balances and optimizes your production all-flash capacity with efficient cloud storage. Pure's inefficient approach to data placement requires separate storage arrays and can't leverage cost-effective HDD storage media.Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.03 to $1.55 per share. PSTG boasts an average earnings surprise of 38.6%. With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PSTG should be on investors' short list.
Is Pure Storage a strong buy : Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.
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Antwort How long has Pure Storage been in business? Weitere Antworten – How long has Pure Storage been around
When was Pure Storage founded Pure Storage was incorporated in Delaware in October 2009 under the name OS76, Inc. We changed our name to Pure Storage in January 2010.Earnings Overview
For the full year, Pure generated revenue of $2.8 billion, a 3% increase from the previous year. The company also reported an operating margin of approximately 16% for fiscal 2024, above its original guidance of 15%. Pure attributed this to strong gross margins across its data storage portfolio.The ownership structure of Pure Storage (PSTG) stock is a mix of institutional, retail and individual investors. Approximately 69.25% of the company's stock is owned by Institutional Investors, 11.44% is owned by Insiders and 19.31% is owned by Public Companies and Individual Investors.
Who is the CEO of Pure Storage : Charles H. Giancarlo (Aug 2017–)Pure Storage / CEO
Charles Giancarlo is Chairman and CEO of Pure Storage, the data storage company that…
Is Pure Storage doing well
The company delivered strong numbers across the board, with subscription services revenue up 24% from a year earlier, to $328.9 million. Subscription-based annual recurring revenue came to $1.4 billion, representing a gain of 25%.
Is Pure Storage a good investment : What do analysts say about Pure Storage Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.
Stock to Watch: Pure Storage (PSTG)
PSTG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. PSTG has a Growth Style Score of A, forecasting year-over-year earnings growth of 9.2% for the current fiscal year.
Price to Value Only NetApp FabricPool automatically balances and optimizes your production all-flash capacity with efficient cloud storage. Pure's inefficient approach to data placement requires separate storage arrays and can't leverage cost-effective HDD storage media.
Is Pure Storage a unicorn
Like a number of other unicorns, Pure Storage's later funding rounds have drawn investors who more typically operate in the public equity market.Compared to the current market price of 54.41 USD, Pure Storage Inc is Overvalued by 25%.Pure provides built-in data replication and space-efficient, immutable snapshots, providing protection against human error and malicious intent. With Safemode™ enabled, ransomware can't eradicate, modify, or encrypt snapshots, even with admin credentials.
With Pure Storage, there's no need to separate files on different disks to avoid contention, monitor I/O service times, or periodically reorganize the database storage layout to accommodate changes in the I/O workload profile.
Should I invest in Pure Storage : The highest analyst price target is $66.00 ,the lowest forecast is $44.00. The average price target represents 12.43% Increase from the current price of $49.46. Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.
Why buy Pure Storage : Pure provides built-in data replication and space-efficient, immutable snapshots, providing protection against human error and malicious intent. With Safemode™ enabled, ransomware can't eradicate, modify, or encrypt snapshots, even with admin credentials.
Who competes with Pure Storage
Competitors and Alternatives to Pure Storage
Price to Value Only NetApp FabricPool automatically balances and optimizes your production all-flash capacity with efficient cloud storage. Pure's inefficient approach to data placement requires separate storage arrays and can't leverage cost-effective HDD storage media.Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.03 to $1.55 per share. PSTG boasts an average earnings surprise of 38.6%. With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PSTG should be on investors' short list.
Is Pure Storage a strong buy : Pure Storage's analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.