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OFFON

PURE STORAGE, INC.

(PSTG)
  Report
Delayed Quote. Delayed Nyse - 09/27 04:10:00 pm
27.1 USD   -0.04%
09/14INSIDER SELL : Pure Storage
MT
09/14PURE STORAGE, INC. : Change in Directors or Principal Officers (form 8-K)
AQ
09/14PURE STORAGE : Appoints Mallun Yen to Board of Directors
PR
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Pure Storage Expands As-A-Service Offerings Designed to Support Business Outcomes

07/20/2021 | 09:00am EDT

Pure Storage announced further expansion of its robust subscription services portfolio. With FlashStack delivered as-a-Service, customers can leverage Pure and Cisco's AI-based software-defined infrastructure with flexible consumption economics. For applications running on Kubernetes, Portworx Cloud Consumption aligns spend to actual hours of usage. By continuing to expand its as-a-Service offerings - which unify block, file, fast-file and object storage across all tiers of performance, and private and public clouds into a single data-storage subscription. FlashStack as-a Service from Pure Storage and Cisco is an AI-based, software-defined modern data infrastructure that integrates on-premises and multi-cloud landscapes. Discretely scalable and holistically managed, FlashStack delivers a full-stack solution for critical apps that is always-on and future-proof. Customers can slash deployment and administration time and risk with pre-tested, validated reference architectures for popular workloads. By delivering a modern operational model, FlashStack helps customers stay ahead of business demand and protect applications and data on premises, at the edge, or in the cloud. Portworx allows customers to operate and scale their modern enterprise apps consistently on any cloud or data center with the performance, security, and data protection they are used to. Because cloud native applications running on Kubernetes are highly dynamic, estimating the exact number of servers needed to run applications on Kubernetes is a significant challenge which leads to overprovisioning and higher costs. To solve this challenge, Portworx is introducing flexibility to allow customers' consumption of Portworx to match the ebbs and flows of their applications. Previously, customers would purchase one or more annual Portworx licenses which could each be run on any single server. If they needed to scale beyond the number of licenses purchased, however, they would have to contact sales to purchase additional licenses. With the new flexible pricing, customers purchase a number of hours, rather than a license tied to a single server. These hours can be consumed at any rate throughout the year depending on how many servers they need to run, similar to how public cloud reserved instance pricing works. FlashStack as-a-Service is delivered via Pure and Cisco authorized partners and available now in the US, Canada, UK, Germany, The Netherlands, and Australia. Portworx Cloud Consumption is available now to all Portworx customers.


ę S&P Capital IQ 2021
All news about PURE STORAGE, INC.
09/14INSIDER SELL : Pure Storage
MT
09/14PURE STORAGE, INC. : Change in Directors or Principal Officers (form 8-K)
AQ
09/14PURE STORAGE : Appoints Mallun Yen to Board of Directors
PR
09/14Pure Storage, Inc. Appoints Mallun Yen to Board of Directors
CI
09/14PURE STORAGE : FlashBlade Enables DC BLOX to Offer Critical Storage Infrastructure Capabil..
PR
09/14Pure Storage FlashBlade Enables DC BLOX to Offer Critical Storage Infrastructure Capabi..
CI
09/09WALL STREET STOCK EXCHANGE : A step closer to tapering
09/09ANALYST RECOMMENDATIONS : Boohoo, Boston Beer, Cisco Systems, Eversource, Frontline...
09/08PURE STORAGE : Management's Discussion and Analysis of Financial Condition and Results of ..
AQ
09/08PURE STORAGE : Northland Securities Upgrades Pure Storage to Outperform from Market Perfor..
MT
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Analyst Recommendations on PURE STORAGE, INC.
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Financials (USD)
Sales 2022 2 043 M - -
Net income 2022 -196 M - -
Net cash 2022 575 M - -
P/E ratio 2022 -38,3x
Yield 2022 -
Capitalization 7 728 M 7 728 M -
EV / Sales 2022 3,50x
EV / Sales 2023 2,95x
Nbr of Employees 3 900
Free-Float 93,8%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 20
Last Close Price 27,11 $
Average target price 30,11 $
Spread / Average Target 11,0%
EPS Revisions
Managers and Directors
Charles H. Giancarlo Chairman & Chief Executive Officer
Kevan Krysler Chief Financial Officer
John Colgrove Director & Chief Technology Officer
Cathleen Southwick Chief Information Officer
Michael Fitzgerald Vice President-Operations
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