Pure Storage Inc Stock Price, News & Analysis

Pure Storage (NYSE: PSTG) has announced a strategic engagement with Amazon Web Services (AWS) aimed at enhancing its Portworx solutions for running Kubernetes workloads. This collaboration, spanning three years, will focus on developing integrated solutions for enterprise data management, data protection, and backup services on AWS. With predictions that over 85% of organizations will utilize containerized applications by 2025, this partnership seeks to address the growing need for effective data storage solutions, including the launch of Portworx Backup as-a-Service.

Pure Storage (NYSE: PSTG) announced a conference call scheduled for March 2, 2022, at 2:30 p.m. PT to discuss its financial results for the fiscal fourth quarter and full year ending February 6, 2022. The call follows the release of the company's financial results. Investors can access the live audio broadcast on the Pure Storage Investor Relations website. Following the call, a replay will be available. Pure Storage will also participate in multiple upcoming investor conferences, enhancing investor engagement and visibility.

Kyndryl (NYSE: KD) and Pure Storage (NYSE: PSTG) have announced a global alliance to enhance IT solutions for enterprises. This partnership aims to combine Kyndryl’s IT infrastructure expertise with Pure Storage’s advanced technology for mission-critical applications. By integrating their capabilities, they intend to tackle challenges related to multicloud management and automation, providing cyber resiliency at the storage layer. The offerings will be available as-a-service, promoting flexible consumption models to optimize data management and modernization initiatives.

Pure Storage (NYSE: PSTG) announced its partnership with Meta for the AI Research SuperCluster (RSC), expected to be the world's fastest AI supercomputer. This collaboration aims to bolster Meta's AI development by enabling rapid data analysis across various formats and languages. Pure will provide essential storage solutions, including FlashArray and FlashBlade, which promise high performance and reliability for AI workloads. The partnership builds on their long-standing relationship since 2017, aiming to support Meta's vision for AI-driven applications in the metaverse.

On January 19, 2022, Pure Storage (NYSE: PSTG) emphasized the critical importance of robust backup and recovery strategies to combat rising ransomware threats, with potential global damages estimated at $265 billion by 2031. The company showcased its advanced data protection solutions, including Pure SafeMode™, Pure FlashRecover™, and Portworx PX-Backup, designed to help organizations safeguard data and ensure rapid recovery post-attack. Industry leaders reflected on how these technologies enhance security, protect reputations, and support business continuity, underscoring the necessity of effective data protection strategies today.

Pure Storage (NYSE: PSTG) has enhanced its Partner Program to align with its services-led strategy, supporting flexibility and growth for partners. Key updates include tailored selling options for cloud-native solutions, tier-based rewards for specialized partners, and simplified program requirements. The changes aim to accelerate partner success and reflect Pure's commitment to a 100% channel-led model. A webinar is scheduled for January 19, 2022, to provide further details on the updated program.

Pure Storage (NYSE: PSTG) announced that TeleMessage is utilizing Portworx Enterprise to enhance its data management and archiving services. This transition to a Kubernetes-based infrastructure aids in securing communications amid the rise of BYOD practices. TeleMessage has improved its encryption and compliance capabilities with support from Portworx and HashiCorp. The implementation, completed in three months, enables redundancy and minimizes the risk of service downtime. TeleMessage's upgraded services ensure secure data handling in compliance with various regulations including GDPR and HIPAA.

Pure Storage (NYSE: PSTG) announced significant growth within the U.S. public sector, with more than 175 federal agencies utilizing its services. The company's public sector business achieved record highs in Q3, with new clients from the Department of Treasury and Homeland Security adopting its innovative storage solutions. Demand is driven by trends in cloud transformation, ransomware, cybersecurity, and AI, supported by government relief programs. Pure's offerings position it as a leader in infrastructure modernization for federal and state agencies, enhancing their operational resilience and performance.