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Pure Storage (PSTG) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.32 per share a year ago.
Pure Storage stock fell late Wednesday, despite the enterprise data storage company reporting strong fiscal Q1 results.
Q1 total revenue growth of 12% year-over-year Storage as a Service offerings TCV sales growth of 70% SANTA CLARA, Calif. , May 28, 2025 /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 first quarter fiscal year 2026 ended May 4, 2025.
PSTG and SK hynix join forces on cutting-edge QLC flash storage solutions engineered for the next generation of data-intensive, hyperscale environments.
B of A Securities analyst Wamsi Mohan revised full-year estimates for Pure Storage, Inc. PSTG ahead of its earnings release on May 28.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
SANTA CLARA, Calif. , May 27, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a collaboration with SK hynix Inc, a pioneer in the global AI memory industry, to deliver state-of-the-art QLC flash storage products that meet the high-capacity, energy efficient requirements for data-intensive hyperscaler environments.
PSTG is set to report Q1 results May 28 with 11% revenue growth expected, fueled by FlashArray demand, AI offerings and steady subscription gains.
Pure Storage (PSTG -1.01%) is experiencing an increase in demand for its products due to the rising effectiveness of artificial intelligence.
Evaluate the expected performance of Pure Storage (PSTG) for the quarter ended April 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.