Designed to provide exceptional performance, scalability, and the power of FlashBlade technology for advanced AI and HPC tasks, Pure Storage® has launched FlashBlade//EXA™. Announced on March 11, 2025, this platform is recognized as the highest performing data storage solution in the industry, tailored for the toughest demands of AI and High-Performance Computing.
Lately, users on Zacks.com have been very interested in Pure Storage (PSTG). This interest prompts a closer look at what the stock might offer.
Pure Storage has a lot of growth potential as large tech companies move from hard drives to solid-state storage, which was confirmed by a recent partnership with a big cloud provider. Their DirectFlash technology provides a uniform structure across different performance levels, improving storage performance, reliability, and lifespan for customers. However, the company's low gross margin in the fourth quarter and poor future predictions led to a decline in its stock price after the earnings report.
Pure Storage (PSTG -14.80%), which specializes in all-flash data storage solutions, conducted its earnings call for the fourth quarter and full year of fiscal 2025 on February 26, 2025. During the call, the company talked about its advancements in changing enterprise data systems, the increasing use of its subscription services, and ongoing growth in hyperscaler and AI areas.
Pure Storage (PSTG -11.39%) shares are dropping during Thursday's trading after the company released its fourth-quarter results. By 2:30 p.m., the stock price had decreased by 10.9%.
The main figures for Pure Storage (PSTG) provide an overview of the company's performance for the quarter that ended in January 2025. However, it could be useful to compare these important metrics with Wall Street's predictions and the results from the same period last year.
Pure Storage (PSTG) reported quarterly earnings of $0.45 per share, which is higher than the Zacks Consensus Estimate of $0.42 per share. This is a decrease compared to earnings of $0.50 per share from the same period last year.
Pure Storage (PSTG 1.86%), a company that offers flash storage solutions, announced its fourth-quarter results on February 26, 2025. The company's revenue reached $879.8 million, which was higher than what management had predicted and also surpassed analysts' expectations.
Pure Storage (PSTG 1.86%) saw its stock rise slightly on Wednesday, mainly due to a positive earnings report. Following the announcement, investors drove the stock up by almost 2%, which is significant since the S&P 500 index remained mostly unchanged.
Pure Storage, located in Mountain View, California, provides hardware for flash-based data storage and software solutions for managing that storage.