Welcome to our dedicated news page for Pure Storage Class A (Ticker: PSTG), a resource for investors and traders seeking the latest updates and insights on Pure Storage Class A.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pure Storage Class A's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pure Storage Class A's position in the market.
Rhea-AI Summary
Pure Storage (PSTG) enables Toss Bank, South Korea's fastest growing internet-only bank, to save nearly $500,000 in disk purchasing costs and over $120,000 in data center footprint and energy costs by leveraging Pure Storage's all-flash storage platform. Toss Bank, with over 8 million customers and ranked #1 in South Korea on Forbes' The World's Best Banks 2023 list, recognized the need to replace its existing storage system due to performance issues impacting its ability to deliver optimized financial services to its customers. By adopting Pure Storage's all-flash storage platform, Toss Bank gains improved performance for growing financial transactions, industry-leading data reduction and replication, reduction in cost and data center footprint, and AI-powered storage management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
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Rhea-AI Summary
Pure Storage (PSTG) named Leader in IDC MarketScape: Worldwide Container Data Management 2023 Vendor Assessment. Portworx offers unique database-as-a-service capability, storage performance features, strong data availability capabilities, PX-Security, and wide container orchestrator support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
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Rhea-AI Summary
Pure Storage (PSTG) appoints Lynn Lucas as Chief Marketing Officer (CMO) to drive global marketing strategy for the next phase of its growth trajectory as a platform company, increasingly driven by a cloud operating model and accelerated demand for its subscription services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
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Rhea-AI Summary
Pure Storage (PSTG) reports record sales for FlashBlade portfolio including FB//E, with nearly $400 million of combined annual Evergreen//One and Evergreen//Flex sales. Operating margin annual guidance increased. Third quarter financial highlights include $762.8 million in revenue, 13% year-over-year increase, $309.6 million in subscription services revenue, and $1.3 billion in subscription annual recurring revenue (ARR). The company also returned approximately $22.4 million to stockholders through share repurchases of 0.6 million shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.18%
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Rhea-AI Summary
Pure Storage (PSTG) Report Reveals IT Buyers Struggle to Meet ESG Goals Due to AI Infrastructure Upgrades
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
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Rhea-AI Summary
Pure Storage (PSTG) strengthens its AI portfolio with NVIDIA DGX BasePOD certification and expanded enterprise AI solutions. The company provides efficient, reliable access to data for AI applications, empowering customers to launch AI initiatives at any scale. Critical advancements include AIRI, FlashStack for AI, and Portworx for AI, catering to different AI workloads and environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
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Rhea-AI Summary
Pure Storage (PSTG) to host conference call to discuss third quarter fiscal 2024 financial results. Also scheduled to participate in UBS and Barclays Global Technology Conferences. Details available at investor.purestorage.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
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Rhea-AI Summary
Pure Storage has been positioned by Gartner as a Leader in the Magic Quadrant for Distributed File Systems and Object Storage. Their FlashBlade portfolio, introduced in 2017, has experienced significant growth and serves as a leading platform for modern file and object data requirements. FlashBlade//E, a scale-out unstructured data repository, offers industry-leading energy efficiency and lower operational costs. FlashBlade continues to see rapid adoption across various industries, driving innovation and sustainability. Pure Storage's recognition as a Leader in the market validates the success of FlashBlade.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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Rhea-AI Summary
Ghost Autonomy's founder and CEO, John Hayes, will be speaking at Automotive USA 2023 on modernizing data infrastructure and services for the automotive industry. The event will focus on software-defined vehicles, vehicle safety, electrification, and manufacturing and supply chain. Hayes will explore how AI is challenging automotive software development teams to rethink their infrastructure and processes for faster development. The event takes place on November 8, 2023, in Detroit, USA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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Rhea-AI Summary
Options Technology and Pure Storage have announced a new five-year investment to provide faster and cost-effective access to market data. The partnership includes a global roll-out of services in multiple countries. Options will utilize Pure Storage's portfolio of technologies to enhance its Data Platform and support AI and machine learning initiatives. The collaboration aims to revolutionize data services for the global capital markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
Tags
Pure Storage, Inc. Class A
NYSE:PSTG
PSTG Rankings
PSTG Stock Data
16.29B
306.78M
5.54%
82.87%
2.52%
Computer Storage Device Manufacturing
Manufacturing
United States of America
SANTA CLARA
About PSTG
pure storage (nyse:pstg) helps innovators build a better world with data. pure's data solutions enable saas companies, cloud service providers, and enterprise and public sector customers to deliver real-time, secure data to power their mission-critical production, devops, and modern analytics environments in a multi-cloud environment. one of the fastest growing enterprise it companies in history, pure storage enables customers to quickly adopt next-generation technologies, including artificial intelligence and machine learning, to help maximize the value of their data for competitive advantage. and with a satmetrix-certified nps customer satisfaction score in the top one percent of b2b companies, pure's ever-expanding list of customers are among the happiest in the world.