PSTG Stock Recent News

Three AI-backed computer storage device stocks in focus are: SMCI, WDC, PSTG.

Pure Storage Inc (NYSE:PSTG) stock is moving sharply lower today, despite the data storage name reporting generally upbeat second-quarter results, including better-than-anticipated earnings and revenue.

Pure Storage, Inc. (NYSE:PSTG ) Q2 2025 Earnings Call Transcript August 28, 2024 5:00 PM ET Company Participants Paul Ziots - VP of IR Charlie Giancarlo - CEO Kevan Krysler - CFO Rob Lee - CTO Conference Call Participants Amit Daryanani - Evercore ISI Howard Ma - Guggenheim Securities Mike Cikos - Needham Jason Ader - William Blair Asiya Merchant - Citigroup Quinton Gabrielli - Piper Sandler Meta Marshall - Morgan Stanley Mehdi Hosseini - Susquehanna Jeff Koche - Raymond James Robert Mertens - TD Securities Eric Martinuzzi - Lake Street Capital Markets David Vogt - UBS Operator Good day and welcome to the Pure Storage Second Quarter Fiscal 2025 Financial Results Conference Call. Today's conference is being recorded.

Although the revenue and EPS for Pure Storage (PSTG) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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.

Pure Storage (PSTG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Pure Storage (PSTG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

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 accelerate critical, data-intensive AI and HPC applications.

Pure Storage (PSTG) benefits from strong sales momentum owing to steady demand for its product portfolio amid soft macroeconomic conditions.