Pure Storage Inc Stock Price, News & Analysis

Pure Storage (NYSE: PSTG) announced winners of its inaugural Breakthrough Awards at the Pure//Accelerate Digital event on May 14, 2021. These awards celebrate customers demonstrating innovation and success with Pure's offerings. Out of over 8,000 global customers, notable awardees include ServiceNow, Roblox, and Nanyang Technological University. Key achievements include ServiceNow's all-flash data center transformation and Roblox's scalable cloud strategy. Joe Pinto, Chief Customer Experience Officer, expressed pride in the customers’ accomplishments and their impact on modern data experiences.

Pure Storage (NYSE: PSTG) unveiled the enhanced Pure1 Digital Experience at Pure//Accelerate™ Digital on May 13, 2021. This upgrade offers automated monitoring, AI-driven recommendations, and self-service management to streamline IT management. The AI-engine Meta provides predictive service management, ensuring proactive issue resolutions. Customers gain improved control over their resources, including on-premises and hybrid cloud storage. The new features are designed to optimize user experience and operational efficiency. Access to Pure1 is available at no extra cost.

Pure Storage (NYSE: PSTG) announced new channel incentives aimed at enhancing subscription sales at its Pure//Accelerate™ Digital event. Key updates include a 5% rebate for partners on closed Pure as-a-Service deals, potentially earning up to US$100,000 per contract. With the transition of Portworx to a 100% channel model, partners can now expand offerings for cloud-native applications. Additionally, Pure1 has been upgraded for partners to manage customer subscriptions, fostering transparency and operational efficiency.

On May 13, 2021, Pure Storage (NYSE: PSTG) announced the launch of Portworx Enterprise 2.8 at Pure//Accelerate™ Digital. This release enhances Kubernetes scalability with dynamic storage provisioning and improved management features. Key updates include unified observability through Pure1, accelerated backup and recovery with FlashBlade, and support for VMware Tanzu. Gartner forecasts that hybrid cloud storage adoption will rise significantly by 2025, highlighting the relevance of this solution. The release aims to provide a seamless hybrid cloud experience and is available from June 2021.

Pure Storage (NYSE: PSTG) will host a conference call on May 26, 2021 at 2:00 p.m. PT to discuss its financial results for the fiscal first quarter ended May 2, 2021. This follows the release of its financial results. The call will be accessible via the Pure Storage Investor Relations website, and a replay will be available afterwards. Additionally, Pure Storage is participating in multiple investor conferences in June, featuring presentations by key executives.

Pure Storage (NYSE: PSTG) announced the release of PX-Backup 2.0, enhancing capabilities for protecting Kubernetes applications. Key features include role-based access control, an Activity Timeline Dashboard for data protection intelligence, and improved application grouping for usability. The platform also extends support to various ecosystems, including VMware Tanzu and Microsoft Azure, and is now available on AWS Marketplace. This release addresses the challenges of protecting modern applications in complex, distributed environments.

Genesys announced the addition of Arthur P. Johnson, Jr. to its operating committee, enhancing its governance with his extensive experience in corporate strategy and finance. Johnson's appointment comes after a strong fiscal year for Genesys, which saw accelerated cloud growth and aims to redefine customer engagement through its Experience as a Service initiative. Johnson, currently the chief strategy officer at Pure Storage (PSTG), is expected to provide strategic guidance as Genesys navigates its next growth phase.

On April 23, 2021, Pure Storage (NYSE: PSTG) announced that its FlashBlade was recognized as a leader in the GigaOm Radar for High-Performance Object Storage. The report praised FlashBlade for its maturity and effectiveness in meeting enterprise storage needs, highlighting features such as multi-protocol support and a user-friendly interface. FlashBlade is close to achieving $1 billion in sales and is utilized by over 25% of Fortune 100 companies. This recognition marks Pure Storage's fourth consecutive leadership position in GigaOm Radar reports for its storage solutions.