Pure Storage, Inc. Class A (PSTG)
Pure Storage, Inc. Class A (PSTG) is a data storage company specializing in all-flash storage solutions that deliver high performance and efficiency for enterprise IT environments. Founded in 2009, it focuses on modern data infrastructure, offering products and services designed to simplify data management, improve agility, and optimize cloud operations.
Company News
Several tech and service companies saw significant stock gains last week, driven by strong quarterly earnings, strategic deals, and analyst upgrades.
The global storage systems market is projected to grow at a CAGR of 9.8% from 2025 to 2032, driven by the increasing data generation and rising demand for efficient data storage solutions across various industries.
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The Zacks Computer-Storage Devices industry is well-poised to gain from solid momentum in cloud computing, IoT, auto, connected devices, VR, and AI. However, cautious IT spending amid global macroeconomic turbulence and supply chain dynamics are significant headwinds in the near term.
Pure Storage Inc's CFO P. Krysler sold 14,296 shares of the company at $63.79 per share. This sale is part of a broader trend of insider selling at the company, with 20 insider sells and no insider buys over the past year. The company's valuation metrics suggest it is significantly overvalued compared to its peers.
