PURE STORAGE, INC.

(PSTG)
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Pure Storage Powers Government Infrastructure Modernization and Cloud Transformation

01/04/2022 | 09:00am EDT

Pure Storage, Inc. announced new momentum within the U.S. public sector as government plans for infrastructure modernization accelerate. Pure is a trusted partner to essential government agencies across the intelligence, space, cyber, defense, civilian, health, state, local, and education markets. With more than 175 of the United States' 440 federal agencies relying on its services, Pure has breadth and depth of government customers and experience, serving agencies across all three branches of the U.S. Federal Government and three branches of the U.S. Department of Defense. At the state, local, and education (SLED) level, Pure has customer representation in 48 of the 50 U.S. states. Trends and developments in cloud transformation, ransomware, cybersecurity, DevOps, and artificial intelligence (AI) are all driving modernization demand within the public sector, across Federal, SLED, and Healthcare. Agencies are looking to implement hybrid cloud strategies that best serve their goals, moving some workloads to the cloud while repatriating others to on-premises, with containerization becoming increasingly essential. Accelerating this further, the American Rescue Plan, CARES act, and other government relief programs are enabling these organizations to invest more in building secure, resilient data centers that these new technologies require.


ę S&P Capital IQ 2022
All news about PURE STORAGE, INC.
03:01aPure Storage Boosts Developer Productivity by Expanding the Portworx Portfolio and Maki..
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05/12Pure Storage Announces Date and Conference Call Information for First Quarter Fiscal 20..
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05/11Pure Storage and Snowflake Announces Partnership to Develop Solution to Increases Data ..
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05/03Pure Storage FlashBlade Accelerates Time-to-Market for EDA Workloads
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05/03Pure Storage FlashBlade Accelerates Time-to-Market for EDA Workloads
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04/26PURE STORAGE : Rakon Migrates to Pure Storage to Support Global Expansion and Improve Comp..
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04/13Pure Storage FlashBlade Tames Unstructured Data Challenges for Autonomous Travel Soluti..
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04/07PURE STORAGE, INC. Management's Discussion and Analysis of Financial Condition and Res..
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04/05UBS Initiates Coverage on Pure Storage With Neutral Rating, $36 Price Target
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03/29Pure Storage Enables Organizations To Drive Out Direct Carbon Usage In Their Data Stora..
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Analyst Recommendations on PURE STORAGE, INC.
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Financials (USD)
Sales 2022 2 103 M - -
Net income 2022 -159 M - -
Net cash 2022 610 M - -
P/E ratio 2022 -44,5x
Yield 2022 -
Capitalization 7 844 M 7 844 M -
EV / Sales 2022 3,44x
EV / Sales 2023 2,67x
Nbr of Employees 4 200
Free-Float 94,0%
Chart PURE STORAGE, INC.
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Pure Storage, Inc. Technical Analysis Chart | PSTG | US74624M1027 | MarketScreener
Technical analysis trends PURE STORAGE, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 26,29 $
Average target price 38,53 $
Spread / Average Target 46,5%
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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