PSTG Stock Recent News
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Pure Storage (PSTG 1.86%) stock edged higher on Hump Day, thanks largely to an encouraging earnings report. After this was published, investors pushed the stock nearly 2% higher on the day, which was notable because the benchmark S&P 500 index essentially traded sideways.
Mountain View, Calif.-based Pure Storage offers flash-based data storage hardware, as well as software tools to manage data storage.
Delivers double-digit revenue growth and strong profitability in Q4 Full year 2025 revenue surpasses $3 billion, representing growth of 12% year-over-year SANTA CLARA, Calif. , Feb. 26, 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 fiscal fourth quarter and full year 2025 ended February 2, 2025.
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.
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Besides Wall Street's top -and-bottom-line estimates for Pure Storage (PSTG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2025.
Pure Storage's fiscal Q4 performance is likely to have gained from momentum in Flash solutions. However, the slow pace of IT spending remains a concern.
In the latest trading session, Pure Storage (PSTG) closed at $67.89, marking a -1.48% move from the previous day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Though PSTG is witnessing strong sales momentum, soft macroeconomic conditions and a cautious IT spending environment remain overhangs.