Pure Storage Inc Stock Price, News & Analysis

Pure Storage (NYSE: PSTG) has been recognized as a Leader in the Gartner Magic Quadrant for Primary Storage for the eighth consecutive year, reaffirming its strong position in the storage market. The company was noted for its robust ability to execute and comprehensive vision. Recent innovations include enhanced FlashArray solutions, new ransomware protection features, and greater leadership in as-a-Service offerings. In October 2021, Pure was also named a leader in the Magic Quadrant for Distributed File Systems & Object Storage, underscoring its significant advancements and customer satisfaction.

On October 12, 2021, at KubeCon North America, Pure Storage (NYSE: PSTG) announced the launch of PX-Backup 2.1, enhancing its Kubernetes Data Services Platform. The update offers comprehensive data protection and multi-cloud mobility. Key features include application portability across clouds, 3-2-1 backup rule support, expanded recovery options for file shares, and improved security via PX-Secure. A survey of IT professionals revealed that 58% prioritize agility and 52% resilience in deploying stateful apps on Kubernetes, with 87% anticipating increased workloads in the next year.

Pure Storage (NYSE: PSTG) has been named a Leader in the 2021 Gartner Magic Quadrant for Distributed File Systems & Object Storage, recognized for its completeness of vision and execution ability. The company's FlashBlade™ platform, which has surpassed $1 billion in sales, serves over 25% of Fortune 100 companies. Recent achievements include new features, the introduction of Pure FlashRecover™, and expansion into public cloud services. This recognition underscores Pure's commitment to innovative data storage solutions in a rapidly evolving market.

Pure Storage (NYSE: PSTG) announced a collaboration with VMware to launch a new Pure Validated Design (PVD) aimed at providing a comprehensive solution for deploying data-rich workloads on VMware Tanzu. This partnership enhances operational capabilities for stateful applications, ensuring better data management through Portworx features such as replication, disaster recovery, and security. The new PVD facilitates Kubernetes storage management and supports the modernization of core applications, helping organizations implement cloud-native solutions more effectively.

Pure Storage unveiled major advancements on Sept. 28, 2021, aimed at transforming data infrastructure and application management. Key announcements include Pure Fusion, a self-service storage-as-code platform, and Portworx Data Services, simplifying the deployment of database services on Kubernetes. These innovations enhance automation, cloud-like scalability, and improve IT operational efficiency.

Pure Storage (NYSE: PSTG) announced the launch of Portworx Data Services, the first Database-as-a-Service (DBaaS) platform for Kubernetes, on Sept. 28, 2021. This automated DBaaS management solution aims to simplify the complexity of deploying and managing numerous data services across various environments, allowing DevOps teams to focus on innovation rather than operations. The platform supports an extensive range of data services and provides essential capabilities like backup, high availability, and data security. Early access is available now, with general availability expected in early 2022.

Pure Storage (NYSE: PSTG) has launched Pure Fusion, an autonomous storage platform designed for seamless integration in multi-cloud environments. With features like infinite scale-out and cloud self-service, Pure Fusion aims to eliminate manual backend processes and optimize workload management. This innovative platform will be available for preview by the end of 2021, with general availability expected in the first half of 2022. Pure Fusion is positioned to enhance the speed and flexibility IT leaders seek, providing a storage-as-code experience that aligns with modern enterprise needs.

Pure Storage (NYSE: PSTG) announced the appointment of Mallun Yen to its Board of Directors on September 14, 2021. Yen, known for her diverse experience in SaaS and IP, will also join the nominating and corporate governance committee. Charles Giancarlo, Chairman and CEO, emphasized Yen's leadership skills, noting the company's strong execution and innovation cycle. Previously, Yen was the COO at SaaStr and held significant roles at Cisco. She aims to contribute to Pure's growth while continuing its customer-focused innovation.

Pure Storage (NYSE: PSTG) announced that DC BLOX has adopted FlashBlade, its unified fast file and object storage solution, delivered via Pure as-a-Service. This partnership aims to address the storage demands of regional life sciences organizations, enabling them to process large genomic workloads efficiently. DC BLOX's customers require rapid access to vast data volumes, and FlashBlade provides a resilient, cost-effective infrastructure for this purpose. Furthermore, DC BLOX will utilize Evergreen Storage to upgrade its infrastructure seamlessly.