Pure Storage Stock Soars on Higher Subscription Revenue [Yahoo! Finance]
Pure Storage, Inc. Class A (PSTG)
Last pure storage, inc. class a earnings: 2/27 04:02 pm
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Source: Yahoo! Finance
The data storage provider beat analysts' adjusted earnings per share and revenue estimates. Pure Storage increased its guidance for full-year revenue. Shares of Pure Storage ( PSTG ) soared more than 20% Wednesday, a day after the data storage provider beat profit and sales estimates and raised its guidance on higher subscription revenue. Pure Storage reported third-quarter fiscal 2025 adjusted earnings per share (EPS) of $0.50, with revenue advancing 9% year-over-year to $831.1 million. Analysts surveyed by Visible Alpha had been looking for $0.42 and $814.9 million, respectively. Subscription services revenue increased 22% to $376.3 million, and subscription annual recurring revenue (ARR) also was up 22% to $1.6 billion. Chief Financial Officer (CFO) Kevan Krysler said the quarter "exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models." The company now sees full-year revenue of $3.15 billion, up from the
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News
- RBRK Surges 101% in 3 Months: Is it Too Late to Invest in the Stock? [Yahoo! Finance]Yahoo! Finance
- Pure Storage Inc. (PSTG): Are Hedge Funds Bullish On This Data Storage Stock Now? [Yahoo! Finance]Yahoo! Finance
- Pure Storage, Inc. (NYSE: PSTG) had its price target raised by analysts at Morgan Stanley from $62.00 to $72.00. They now have an "equal weight" rating on the stock.MarketBeat
- Flash Forward: Investing In Pure Storage After Its Strategic Hyperscaler Breakthrough [Seeking Alpha]Seeking Alpha
- Pure Storage Jumps 70% YTD: Should the Stock Be in Your Portfolio? [Yahoo! Finance]Yahoo! Finance
PSTG
Earnings
- 12/3/24 - Beat
PSTG
Sec Filings
- 12/16/24 - Form 4
- 12/12/24 - Form 144
- 12/12/24 - Form 10-Q
- PSTG's page on the SEC website