Pure Storage, Inc. Class A Stock News

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Pure Storage secured a significant design win with a top hyperscaler, marking a shift towards flash storage and away from traditional hard disk drives. The company's transition to a subscription-based model is yielding stable revenue streams. Despite short-term margin impacts from promoting cost-effective solutions, Pure Storage's strategic focus on customer satisfaction and market share should...

The artificial intelligence (AI) revolution is driving the demand for low latency, scalable, and reliable data storage and capacity. Pure Storage Inc. NYSE: PSTG is a leading provider of enterprise data storage with its all-flash solid-state drive (SSD) arrays.

Shares of Pure Storage (PSTG) soared more than 20% Wednesday, a day after the data storage provider beat profit and sales estimates and raised its guidance on higher subscription revenue.

Pure Storage, Inc. reported its 3QFY25 and, more importantly, a design win with one of the “top-four hyperscalers” reversing the market's negative outlook post-Q2. The design win, rumored to be Meta Platforms, positions Pure Storage to capture a larger share of the hyperscale market, expanding its opportunity going forward and showing green shoots for 2025. Pure Storage continues to be one of o...

Pure Storage stock is surging after the data storage firm beat earnings expectations and announced a deal with a major technology company. Here's what you need to know.

I'm downgrading Pure Storage, Inc. to a sell rating (from a previous buy) after the stock's post-Q3 earnings rally. Pure Storage has surged over 80% YTD, driven by strong AI tailwinds and robust Q3 earnings, prompting a reassessment of its portfolio fit. The company is seeing declining gross margins that is actually leading to a y/y reduction in pro forma operating profit dollars.

Pure Storage (PSTG 26.00%) stock is making big gains in Wednesday's trading. The company's share price was up 23.9% as of 10:30 a.m.