STOCK TITAN

Pure Storage Stock Price, News & Analysis

PSTG NYSE

Company Description

Overview

Pure Storage Inc (NYSE:PSTG) is a pioneering enterprise data storage company that transforms how organizations manage and protect their critical data. With a focus on high-performance, all-flash storage solutions and a unique subscription-based model, Pure Storage empowers SaaS companies, cloud service providers, enterprises, and public sector institutions to access and harness data in real time. By delivering innovative storage platforms that support modern analytics, artificial intelligence (AI), and DevOps environments, the company simplifies complex IT infrastructures and reduces operating complexities.

Business Model and Revenue Streams

Pure Storage operates on a dual revenue model. Its product revenue comes from the sale of integrated storage hardware coupled with embedded operating system software that allows organizations to modernize their data management capabilities. On the other side, the company’s subscription services provide recurring revenue through offerings such as Evergreen Storage subscriptions, unified-as-a-Service models, and cloud-integrated storage options. This combination gives customers the flexibility to optimize their storage environments while ensuring non-disruptive upgrades and consistent performance improvements over time.

Technology and Innovation

At the heart of Pure Storage's success is its advanced technological framework. The Evergreen architecture represents a breakthrough in enterprise storage, enabling continuous enhancements without the typically associated downtime. This architecture supports integrated storage solutions that seamlessly connect on-premises data centers with public and multi-cloud environments. The company's focus on all-flash storage technology not only drives exceptional performance and reliability but also enables the rapid deployment of AI and machine learning workloads, making it easier for enterprises to unlock the potential of their data.

Market Position and Competitive Advantage

In a competitive landscape marked by legacy storage solutions and evolving customer needs, Pure Storage has carved a niche by simplifying data storage through a cloud experience that is both agile and efficient. The company stands out not merely for its product offerings but also for its comprehensive approach to customer success. Its robust combination of hardware integration, subscription-based models, and an ever-evolving platform is designed to meet the demands of modern IT environments. By addressing the challenges of scaling, performance, and cost control, Pure Storage delivers a compelling value proposition, setting a benchmark for reliable and secure data storage in mission-critical applications.

Key Features and Benefits

  • Unified Storage as-a-Service Platform: Offers a consistent experience across on-premises, cloud, and hosted environments, reducing the complexity of managing disparate systems.
  • Evergreen Architecture: Facilitates continuous, non-disruptive upgrades, helping organizations remain current without costly overhauls.
  • High Performance and Reliability: Provides rapid data access and processing capabilities essential for real-time analytics, AI workloads, and critical business operations.
  • Subscription Flexibility: Delivers predictable operating expenses through recurring revenue models that accommodate evolving data requirements.
  • Customer-Centric Approach: Maintains one of the highest satisfaction rates in the B2B sector through targeted, innovative solutions and responsive support.

Customer Focus and Industry Trust

Pure Storage’s commitment to ensuring maximum uptime and safeguarding mission-critical applications has earned it strongCustomer Trust. Organizations benefit from a partner who understands the intricacies of data management and who continuously evolves to meet emerging technology trends. The company's approach, which emphasizes simplicity and performance without compromising on security, demonstrates a deep understanding of diverse industry needs and builds lasting confidence among its users. Notably, Pure Storage’s strong customer satisfaction metrics underline its effectiveness as a trusted solution provider in the competitive IT environment.

Operational Excellence and Industry Expertise

Instead of relying on outdated and often fragmented storage solutions, Pure Storage provides a modern, all-encompassing platform that eliminates the inefficiencies of legacy technologies. Its advanced flash storage technology is engineered to reduce latency and improve the overall performance of data centers, offering tangible benefits such as faster application response times and enhanced operational agility. With a focus on a secure data environment and ease of integration, Pure Storage has consistently demonstrated its expertise by addressing the real-world challenges faced by IT departments, thereby reinforcing its position as an authoritative voice in contemporary data storage innovation.

Integration with Modern Technologies

The importance of modern data storage is accentuated in environments where AI-driven analytics and machine learning models play a key role. By combining the power of all-flash storage with a seamless multi-cloud experience, Pure Storage enables organizations to run extensive and data-intensive workloads without compromise. This integration is crucial for businesses that depend on backed-up, secure, and instantly accessible data to drive competitive insights and operational efficiency.

Conclusion

Pure Storage Inc represents a significant evolution in data storage architecture, offering an elegant solution that blends high-performance hardware with innovative, subscription-based software services. Its commitment to non-disruptive upgrades, coupled with a unified storage platform across cloud and on-premises environments, makes it a go-to provider for organizations seeking to modernize their IT infrastructure. Through balancing technical innovation with a steadfast customer-first philosophy, Pure Storage continues to set high standards in simplifying and securing the world's data, while ensuring that businesses have the reliable, agile infrastructure they need to thrive in an increasingly data-driven world.

Stock Performance

$45.70
0.00%
0.00
Last updated: April 26, 2025 at 16:34
76.42 %
Performance 1 year
$13.6B
Market Cap
326.0M
Shares outstanding

SEC Filings

No SEC filings available for Pure Storage.

Financial Highlights

$3,168,164,000
Revenue (TTM)
$106,739,000
Net Income (TTM)
$0.31
Diluted EPS (TTM)
$753,598,000
Operating Cash Flow
3.37%
Net Profit Margin
2.69%
Oper. Profit Margin

Upcoming Events

June 1, 2025
FlashBlade//EXA launch

Frequently Asked Questions

What is the current stock price of Pure Storage (PSTG)?

The current stock price of Pure Storage (PSTG) is $45.7 as of April 25, 2025.

What is the market cap of Pure Storage (PSTG)?

The market cap of Pure Storage (PSTG) is approximately 13.6B.

What is the revenue (TTM) of Pure Storage (PSTG) stock?

The trailing twelve months (TTM) revenue of Pure Storage (PSTG) is $3,168,164,000.

What is the net income of Pure Storage (PSTG)?

The trailing twelve months (TTM) net income of Pure Storage (PSTG) is $106,739,000.

What is the earnings per share (EPS) of Pure Storage (PSTG)?

The diluted earnings per share (EPS) of Pure Storage (PSTG) is $0.31 on a trailing twelve months (TTM) basis.

What is the operating cash flow of Pure Storage (PSTG)?

The operating cash flow of Pure Storage (PSTG) is $753,598,000.

What is the profit margin of Pure Storage (PSTG)?

The net profit margin of Pure Storage (PSTG) is 3.37%.

What is the operating margin of Pure Storage (PSTG)?

The operating profit margin of Pure Storage (PSTG) is 2.69%.

What is the gross margin of Pure Storage (PSTG)?

The gross profit margin of Pure Storage (PSTG) is 69.84%.

What is the current ratio of Pure Storage (PSTG)?

The current ratio of Pure Storage (PSTG) is 1.61, indicating the company's ability to pay short-term obligations.

What is the gross profit of Pure Storage (PSTG)?

The gross profit of Pure Storage (PSTG) is $2,212,709,000 on a trailing twelve months (TTM) basis.

What is the operating income of Pure Storage (PSTG)?

The operating income of Pure Storage (PSTG) is $85,258,000.

What is Pure Storage Inc's core business?

Pure Storage Inc provides advanced enterprise data storage solutions that combine high-performance flash hardware with innovative software and subscription services. Its offerings enable organizations to seamlessly manage, secure, and access mission-critical data across multiple cloud environments.

How does Pure Storage generate its revenue?

The company generates revenue through the sale of integrated storage hardware and related embedded software, alongside subscription-based services such as Evergreen Storage, cloud storage platforms, and professional implementation consulting. This dual revenue model ensures both immediate sales and long-term recurring income.

What differentiates Pure Storage from traditional storage vendors?

Pure Storage differentiates itself with its state-of-the-art all-flash storage technology and the Evergreen architecture, which offers non-disruptive upgrades and continuous innovation. This approach minimizes downtime and complexity, enabling businesses to modernize their IT environments with confidence.

How does Pure Storage support modern IT workloads?

By leveraging high-performance, all-flash storage coupled with a unified storage as-a-service platform, Pure Storage supports intensive workloads like real-time analytics, AI, machine learning, and DevOps environments. Its technology is designed to deliver rapid data access, scalability, and operational efficiency across diverse applications.

What is the Evergreen architecture in Pure Storage's product offerings?

The Evergreen architecture is a unique design that allows for continuous, non-disruptive upgrades to the storage platform. This ensures that customers always have access to the latest enhancements without the need for costly and disruptive system replacements, thereby optimizing long-term efficiency and performance.

Which market segments does Pure Storage serve?

Pure Storage's customer base includes SaaS providers, cloud service vendors, large enterprises, and public sector organizations. These clients rely on its data storage solutions to power mission-critical applications and to modernize legacy storage infrastructures in rapidly evolving IT environments.

How does Pure Storage ensure high customer satisfaction?

The company places a strong emphasis on operational reliability, ease of integration, and ongoing customer support, which is reflected in its high customer satisfaction scores. Its proactive service model and consistent performance improvements help to build long-lasting relationships with its customer base.

What benefits does the subscription model offer to Pure Storage's customers?

The subscription model provides customers with predictable costs and the flexibility to scale their storage needs as demands evolve. It ensures continuous access to the latest technology upgrades and services without the burden of large upfront capital expenditures, thus simplifying long-term IT management.