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OFFON

PURE STORAGE, INC.

(PSTG)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 11/29 12:17:00 pm
31.665 USD   +6.01%
11/24Gap, Nordstrom fall; Deere, Pure Storage rise
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11/24Tech Stocks Adding to Morning Rise
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11/24Pure Storage Shares Rise After Upbeat Fiscal Q3 Results Trigger Price Target Upgrades
MT
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Pure Storage, Inc. Announces Release of Portworx PX-Backup Enables Cross-Cloud Data Protection and Migration of Stateful Applications Running on Kubernetes

10/12/2021 | 09:00am EST

Pure Storage® announced the release of PX-Backup 2.1, its market-leading application and data protection platform for modern applications. Portworx also released new survey data assessing end user perspectives on running stateful applications on Kubernetes. The latest enhancements to PX-Backup provide enterprises with comprehensive data protection, multi-cloud mobility, and improved compliance support for applications running on Kubernetes, regardless of whether they are running on premises or in the cloud. New enhancements include: Application Portability between clouds: PX-Backup delivers application portability between any cloud or on-premises data center. With the latest version, customers can back up Kubernetes applications running in one cloud or data center and restore them in any other. Improved Compliance via 3-2-1 Backup Rule Support for any storage: The 3-2-1 backup rule is an industry standard for any data protection plan, ensuring recovery from several failure scenarios. With this release, PX-Backup can now offload backups from CSI snapshots to object storage. Enterprises running Kubernetes apps on Portworx PX-Store, any CSI compliant storage service, or cloud-based storage can now use PX-Backup to maintain three copies of data (production, snapshots, backup copy) across both disk and object storage. This provides flexibility to store data offsite (in any cloud), fulfilling the requirements of a 3-2-1 based backup program. Expanded Recovery with Support for File Shares: In addition to existing capabilities to backup block-based workloads, enterprises can now backup and recover applications running on read-write-many (RWX) persistent volumes provisioned as file shares from FlashBlade, Portworx proxy volumes, or any NFS server. Improved Protection using PX-Secure: PX-Backup users can now leverage both the role-based access controls and encryption services offered in Portworx PX-Secure, gaining an added layer of security support for their modern applications and the ability to reduce management overhead. Kubernetes continues to play a critical role in driving business agility and resilience as enterprises work to modernize their applications and infrastructure. An end user survey fielded among 500 IT professionals in the U.S. and U.K. found that over half of respondents cited increasing agility (58%) and increasing resilience (52%) as the biggest drivers behind their team's decision to build and deploy stateful applications on Kubernetes. Key survey findings include: Impacts to a Company's Bottom Line: IT Professionals agree that running stateful apps on Kubernetes allows them to develop (54%) and scale (55%) their apps faster, while allowing developers to be more efficient (55%). Backup & Restore is a Key Requirement: Backup & Restore (55%), Data Mobility and Capacity Management (49%), and High Availability (48%) were identified by IT Professionals as the most critical requirements for stateful apps running on Kubernetes. Data Mobility and Protection are a Challenge: Data Mobility (29%) is the requirement IT Professionals struggle to achieve the most when running stateful apps on Kubernetes, while Data Protection (46%) is the biggest operational challenge. Stateful Workloads are Expected to Increase: A majority (87%) of respondents expect the percentage of stateful workloads over the next 12 months to increase, while 9% expect it to stay the same, and only 4% expect it to decrease.


ę S&P Capital IQ 2021
All news about PURE STORAGE, INC.
11/24Gap, Nordstrom fall; Deere, Pure Storage rise
AQ
11/24Tech Stocks Adding to Morning Rise
MT
11/24Pure Storage Shares Rise After Upbeat Fiscal Q3 Results Trigger Price Target Upgrades
MT
11/24Tech Stocks Rebound, Hold Gains in Afternoon Trading
MT
11/24Goldman Sachs Adjusts Price Target for Pure Storage to $34 From $33, Maintains Buy Rati..
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11/24JPMorgan Adjusts Price Target for Pure Storage to $36 From $34, Maintains Overweight Ra..
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11/24Northland Adjusts Price Target on Pure Storage to $40 From $36, Maintains Outperform Ra..
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11/24Deutsche Bank Lifts Price Target on Pure Storage to $38 From $32 on Fiscal Q3 Results; ..
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11/24Morgan Stanley Adjusts Price Target on Pure Storage to $33 From $27, Keeps Equal-Weight..
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Analyst Recommendations on PURE STORAGE, INC.
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Financials (USD)
Sales 2022 2 103 M - -
Net income 2022 -155 M - -
Net cash 2022 610 M - -
P/E ratio 2022 -51,7x
Yield 2022 -
Capitalization 8 515 M 8 515 M -
EV / Sales 2022 3,76x
EV / Sales 2023 3,15x
Nbr of Employees 3 800
Free-Float 93,9%
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Mean consensus BUY
Number of Analysts 19
Last Close Price 29,87 $
Average target price 35,28 $
Spread / Average Target 18,1%
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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