Pure Storage (NYSE:PSTG) Maintains Strong Position in Data Storage Industry
- Pure Storage's stock price surged 26.56% post-earnings, reflecting strong financial performance and upward revision of full-year guidance.
- Lake Street maintains a "Buy" rating, raising the price target from $70 to $80, indicating confidence in the company's growth trajectory.
- Despite high valuation multiples, Pure Storage's expansion among Fortune 500 firms and development of high-margin businesses are key growth drivers.
Pure Storage (NYSE:PSTG) is a prominent player in the data storage industry, known for its innovative flash storage solutions. The company focuses on providing high-performance storage systems that cater to a wide range of customers, including large enterprises and hyperscalers. As of August 28, 2025, Lake Street maintained its "Buy" rating for PSTG, with the stock priced at $60.86. Lake Street also raised its price target from $70 to $80, as highlighted by TheFly.
Pure Storage's recent financial performance has been impressive. The company reported strong second-quarter results, exceeding both revenue and earnings per share expectations. This robust performance has led to an upward revision of its full-year guidance, contributing to a significant surge in its stock price post-earnings. The stock is currently priced at $77.03, reflecting a notable increase of 26.56% or $16.17.
The company's success in expanding its customer base, particularly among Fortune 500 firms, has been a key driver of its growth. Pure Storage is also developing a high-margin enterprise and hyperscaler business, which is expected to further enhance its profitability. Despite its operational strength and a solid net cash position, the current valuation multiples of Pure Storage are considered extremely high, which may pose a challenge for value-oriented investors.
PSTG's stock has experienced significant fluctuations, with today's trading range between a low of $69 and a high of $77.08, marking its highest price over the past year. The lowest price for the stock in the past year was $34.51. With a market capitalization of approximately $25.17 billion, Pure Storage continues to be a major player in the data storage industry. The trading volume for the stock today is 5,453,132 shares, indicating strong investor interest.
| Symbol | Price | %chg |
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| 7751.T | 4415 | 0 |
| 005070.KS | 41150 | 0 |
| 2382.TW | 258.5 | 0 |
| AXIO.JK | 127 | 0 |
Pure Storage Beats Q4 Estimates but Shares Drop 10% on Disappointing Outlook
Pure Storage (NYSE:PSTG) delivered better-than-expected fourth-quarter results, but its stock tumbled more than 10% intra-day today as its full-year revenue forecast fell short of market expectations.
The enterprise data storage provider posted adjusted earnings per share of $0.45, surpassing analyst expectations of $0.41. Quarterly revenue climbed 11% year-over-year to $879.8 million, beating the projected $868.53 million.
For the full fiscal year 2025, Pure Storage achieved a milestone, generating $3.2 billion in revenue, marking a 12% YoY increase and surpassing the $3 billion mark for the first time.
However, its fiscal 2026 outlook failed to impress Wall Street. The company forecasts full-year revenue of $3.515 billion, just shy of the $3.52 billion consensus estimate.
Despite the market reaction, Pure Storage’s subscription services business continued its strong momentum, with fourth-quarter revenue rising 17% YoY to $385.1 million and full-year subscription revenue climbing 22% to $1.5 billion.
For the first quarter of fiscal 2026, the company expects revenue of $770 million, slightly ahead of analysts’ forecast of $768.29 million.
Pure Storage Beats Q4 Estimates but Shares Drop 10% on Disappointing Outlook
Pure Storage (NYSE:PSTG) delivered better-than-expected fourth-quarter results, but its stock tumbled more than 10% intra-day today as its full-year revenue forecast fell short of market expectations.
The enterprise data storage provider posted adjusted earnings per share of $0.45, surpassing analyst expectations of $0.41. Quarterly revenue climbed 11% year-over-year to $879.8 million, beating the projected $868.53 million.
For the full fiscal year 2025, Pure Storage achieved a milestone, generating $3.2 billion in revenue, marking a 12% YoY increase and surpassing the $3 billion mark for the first time.
However, its fiscal 2026 outlook failed to impress Wall Street. The company forecasts full-year revenue of $3.515 billion, just shy of the $3.52 billion consensus estimate.
Despite the market reaction, Pure Storage’s subscription services business continued its strong momentum, with fourth-quarter revenue rising 17% YoY to $385.1 million and full-year subscription revenue climbing 22% to $1.5 billion.
For the first quarter of fiscal 2026, the company expects revenue of $770 million, slightly ahead of analysts’ forecast of $768.29 million.
Pure Storage, Inc. (NYSE:PSTG) Surpasses Financial Expectations
- Pure Storage reported earnings per share (EPS) of $0.50, beating the estimated $0.42, and a revenue of approximately $831 million, exceeding expectations.
- Shares surged over 20% following the announcement, driven by the company's ability to exceed profit and sales expectations and an increase in subscription revenue.
- The company's financial metrics, including a trailing twelve months (TTM) price-to-earnings (P/E) ratio of approximately 156.05 and a debt-to-equity ratio of 0.13, indicate strong investor confidence and a conservative capital structure.
Pure Storage, Inc. (NYSE:PSTG) is a company that specializes in data storage solutions, offering products and services that help businesses manage and store their data efficiently. The company competes with other tech giants in the storage industry, such as Dell Technologies and NetApp. On December 3, 2024, Pure Storage reported impressive financial results, with earnings per share (EPS) of $0.50, surpassing the estimated $0.42. The company also achieved a revenue of approximately $831 million, exceeding the estimated $815 million.
Following the announcement of these results, shares of Pure Storage surged over 20% on Wednesday. This significant increase was driven by the company's ability to exceed profit and sales expectations. Additionally, Pure Storage raised its future guidance, attributing this positive outlook to an increase in subscription revenue, as highlighted by the company's recent performance.
Pure Storage's financial metrics provide further insight into its market valuation. The company has a trailing twelve months (TTM) price-to-earnings (P/E) ratio of approximately 156.05, indicating that investors are willing to pay $156.05 for every dollar of earnings. This high P/E ratio suggests strong investor confidence in the company's future growth prospects. The price-to-sales ratio stands at 7.11, suggesting that the company's stock is valued at 7.11 times its sales.
The enterprise value to sales ratio is 6.88, reflecting the company's total valuation relative to its sales. This ratio helps investors understand how much they are paying for the company's sales. Additionally, the enterprise value to operating cash flow ratio is 24.33, providing insight into the company's valuation compared to its cash flow from operations. The earnings yield is 0.64%, representing the percentage of each dollar invested in the stock that was earned by the company.
Pure Storage maintains a conservative capital structure with a debt-to-equity ratio of 0.13, indicating a relatively low level of debt compared to its equity. This suggests that the company is not heavily reliant on borrowed funds, which can be a positive sign for investors. Furthermore, the current ratio is 1.99, implying that the company has nearly twice as many current assets as current liabilities, indicating good short-term financial health.
Pure Storage, Inc. (NYSE:PSTG) Surpasses Financial Expectations
- Pure Storage reported earnings per share (EPS) of $0.50, beating the estimated $0.42, and a revenue of approximately $831 million, exceeding expectations.
- Shares surged over 20% following the announcement, driven by the company's ability to exceed profit and sales expectations and an increase in subscription revenue.
- The company's financial metrics, including a trailing twelve months (TTM) price-to-earnings (P/E) ratio of approximately 156.05 and a debt-to-equity ratio of 0.13, indicate strong investor confidence and a conservative capital structure.
Pure Storage, Inc. (NYSE:PSTG) is a company that specializes in data storage solutions, offering products and services that help businesses manage and store their data efficiently. The company competes with other tech giants in the storage industry, such as Dell Technologies and NetApp. On December 3, 2024, Pure Storage reported impressive financial results, with earnings per share (EPS) of $0.50, surpassing the estimated $0.42. The company also achieved a revenue of approximately $831 million, exceeding the estimated $815 million.
Following the announcement of these results, shares of Pure Storage surged over 20% on Wednesday. This significant increase was driven by the company's ability to exceed profit and sales expectations. Additionally, Pure Storage raised its future guidance, attributing this positive outlook to an increase in subscription revenue, as highlighted by the company's recent performance.
Pure Storage's financial metrics provide further insight into its market valuation. The company has a trailing twelve months (TTM) price-to-earnings (P/E) ratio of approximately 156.05, indicating that investors are willing to pay $156.05 for every dollar of earnings. This high P/E ratio suggests strong investor confidence in the company's future growth prospects. The price-to-sales ratio stands at 7.11, suggesting that the company's stock is valued at 7.11 times its sales.
The enterprise value to sales ratio is 6.88, reflecting the company's total valuation relative to its sales. This ratio helps investors understand how much they are paying for the company's sales. Additionally, the enterprise value to operating cash flow ratio is 24.33, providing insight into the company's valuation compared to its cash flow from operations. The earnings yield is 0.64%, representing the percentage of each dollar invested in the stock that was earned by the company.
Pure Storage maintains a conservative capital structure with a debt-to-equity ratio of 0.13, indicating a relatively low level of debt compared to its equity. This suggests that the company is not heavily reliant on borrowed funds, which can be a positive sign for investors. Furthermore, the current ratio is 1.99, implying that the company has nearly twice as many current assets as current liabilities, indicating good short-term financial health.
Pure Storage Stock Soars 22% After Strong Earnings and Optimistic Guidance
Pure Storage (NYSE:PSTG) experienced a surge in its stock price, climbing over 22% in pre-market today, following third-quarter earnings that exceeded expectations and the release of positive guidance for the fourth quarter and full fiscal year.
The company reported adjusted earnings per share of $0.50, surpassing analyst estimates by $0.09. Revenue for the quarter reached $831.1 million, beating the consensus forecast of $815 million and reflecting a 9% increase compared to the same period last year.
Subscription services emerged as a key growth driver, with revenue climbing 22% year-over-year to $376.4 million. Subscription annual recurring revenue (ARR) also rose 22%, reaching $1.6 billion, while remaining performance obligations (RPO) increased 16% year-over-year to $2.4 billion.
For the fourth quarter, Pure Storage projected revenue of $867 million, outpacing the Street consensus estimate of $856.9 million. The company also raised its full-year fiscal 2025 revenue forecast to $3.15 billion, exceeding analyst expectations of $3.13 billion.
Pure Storage Stock Soars 22% After Strong Earnings and Optimistic Guidance
Pure Storage (NYSE:PSTG) experienced a surge in its stock price, climbing over 22% in pre-market today, following third-quarter earnings that exceeded expectations and the release of positive guidance for the fourth quarter and full fiscal year.
The company reported adjusted earnings per share of $0.50, surpassing analyst estimates by $0.09. Revenue for the quarter reached $831.1 million, beating the consensus forecast of $815 million and reflecting a 9% increase compared to the same period last year.
Subscription services emerged as a key growth driver, with revenue climbing 22% year-over-year to $376.4 million. Subscription annual recurring revenue (ARR) also rose 22%, reaching $1.6 billion, while remaining performance obligations (RPO) increased 16% year-over-year to $2.4 billion.
For the fourth quarter, Pure Storage projected revenue of $867 million, outpacing the Street consensus estimate of $856.9 million. The company also raised its full-year fiscal 2025 revenue forecast to $3.15 billion, exceeding analyst expectations of $3.13 billion.
