AI-Driven Growth | Pure Storage's all-flash solutions position it as a potential winner in the shift towards AI-driven datacenter builds, offering lower TCO and higher performance |
Market Share Dynamics | Explore Pure Storage's competitive landscape as it faces pressure from established players and emerging competitors in the all-flash storage market |
STaaS Transition | Delve into Pure Storage's shift to a Storage-as-a-Service model, presenting opportunities for predictable revenue streams but posing challenges in execution |
Financial Outlook | Analysts project 11% revenue growth for FY25 and FY26, with an average price target of $61.86, ranging from $47 to $79 across various financial institutions |
Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.
Metrics to compare | PSTG | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipPSTGPeersSector | |
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P/E Ratio | 127.6x | −1.2x | 11.5x | |
PEG Ratio | 0.01 | 0.13 | 0.01 | |
Price/Book | 12.0x | 1.1x | 2.4x | |
Price / LTM Sales | 5.8x | 1.0x | 2.2x | |
Upside (Analyst Target) | 21.3% | 44.6% | 21.0% | |
Fair Value Upside | Unlock | −1.0% | 4.4% | Unlock |