Latest news with #PureStorage
TECHx
2 days ago
- Business
- TECHx
Pure Storage Unveils Next-Gen Storage Platforms
Home » Emerging technologies » Storage » Pure Storage Unveils Next-Gen Storage Platforms Pure Storage® (NYSE: PSTG), has announced the expansion of its next-generation storage portfolio. The launch includes new innovations designed for high-performance workloads across modern IT environments. The company revealed that its latest advancements are aimed at simplifying data management, accelerating performance, and supporting scalability. This move comes as data volumes grow rapidly and traditional storage infrastructures struggle to keep up. According to John Colgrove, Founder and Chief Visionary at Pure Storage, 'In an era where data is king and IT complexity remains a major hurdle, Pure Storage is once again redefining what's possible.' He added that the company continues to challenge conventional storage models, which limit progress in today's data-driven landscape. Pure Storage reported that its platform now supports an Enterprise Data Cloud (EDC) model. This virtualized cloud of data delivers a seamless data layer with consistent control across on-premises, public cloud, and hybrid environments. At the core of this platform are the enhanced FlashArray™ and FlashBlade® systems. These technologies promise improved reliability, flexibility, and performance across a wide range of workloads. The company introduced several new products: FlashArray//XL R5: Doubles IOPS per rack unit and boosts raw capacity by up to 50%. FlashArray//ST: Targets latency-sensitive workloads, delivering over 10 million IOPS in just five rack units. FlashBlade//S R2: Features next-gen controller blades and offers up to 30% better performance on workloads like genome sequencing and AI reasoning. Additionally, Pure Storage revealed extended object support to FlashArray. This creates a unified architecture for block, file, and object storage. The update simplifies data management and ensures a consistent user experience across the platform. Colgrove emphasized that the company remains focused on performance and scale. 'We are unwavering in our mission to enable our customers' ambitions,' he said. With these updates, Pure Storage continues to position itself as a key player in delivering advanced, reliable, and scalable data storage solutions.
Yahoo
7 days ago
- Business
- Yahoo
Ex-Hewlett Packard, Sprint CFO joins Pure Storage
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Data storage company Pure Storage said Tarek Robbiati — a veteran global tech finance leader whose experience includes tenures as CFO of hardware vendor Hewlett Packard Enterprise and the telecommunications company Sprint before its acquisition by T-Mobile — would become its new CFO, effective immediately, according to a Tuesday release. Robbiatti will replace Kevan Krysler, who is leaving the company after serving as its CFO for about five years, according to the release. Pure Storage said last month that Krysler had decided to leave the company, noting his departure was not related to any issues related to the integrity of the company's financial statements, accounting policies or practices, according to a securities filing. The Santa Clara, California-based company in May reported a narrower net loss of $13.99 million in the fiscal first quarter ended May 4, compared to a net loss of $35 million in the year-earlier period. Revenue rose 12% to $778.5 million YOY in the latest period, according the earnings release. Robbiati served as CFO of HPE for about five years ending in August 2023 and previously served as CFO of Sprint for nearly three years through February of 2018, leading the company's turnaround efforts, according to his LinkedIn profile and the release. At Hewlett Packard he increased the company's gross margins and 'scaled the company from a traditional transactional hardware-based business into an everything-as-a-service business,' the release states. "Tarek's experience across compute, networking and storage make him an ideal choice to help lead Pure Storage's evolution as we help customers manage their ever expanding data environment," Charles Giancarlo, Pure Storage CEO said in a statement in the release. "Tarek has a proven history of driving enterprise transformation, seamlessly blending inside-out operational insight with outside-in market perspective." More recently, Robbiati served as RingCentral's CEO for a roughly four-month stint ending in December 2023, when he resigned in a surprise move, Barron's reported at the time. Earlier in his career Robbiatti was an associate partner for 10 years at Accenture and later served as a senior equity analyst at the now defunct Lehman Brothers. He has an MBA from the London Business School, a Master of Science in Business Administration from Institut d'Administration des Entreprises, and a Master of Science in Nuclear Physics and Electronics from Ecole Nationale Supérieure d'Ingénieurs. Recommended Reading Hasbro CFO to depart Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
PSTG, TierPoint Unveil Imaging Storage-as-a-Service for Healthcare
Pure Storage, Inc.'s PSTG all-flash technology was leveraged by TierPoint to launch a cutting-edge Imaging Storage-as-a-Service solution designed specifically for the healthcare sector. The offering is designed to tackle the growing challenges associated with medical imaging data, ranging from rising storage costs and performance limitations to stringent security requirements. This innovative solution integrates Pure Storage's high-performance infrastructure with TierPoint's HIPAA-compliant, secure data centers and award-winning managed services. The result is a scalable, cloud-enabled storage service that not only supports AI-driven imaging workloads but also enables long-term data retention. The per-study billing model provides healthcare organizations with greater cost predictability while significantly accelerating image retrieval and strengthening data protection for mission-critical assets. Pure Storage, Inc. price-consensus-chart | Pure Storage, Inc. Quote Pure Storage highlighted that with this new service, they are enabling healthcare providers to align storage costs directly with patient care delivery models. The goal is to give providers the performance, flexibility and resilience they need to scale operations efficiently while focusing on what matters most—improving patient outcomes. Pure Storage and TierPoint are jointly tackling a major challenge in healthcare IT by delivering a modern storage infrastructure that enhances diagnostic capabilities, boosts operational efficiency and supports improved patient outcomes. Pure Storage continues to reshape the future of enterprise storage with innovations tailored for modern data workloads—particularly AI, containerization and high-performance computing. The release of Portworx Enterprise 3.3 during the fiscal fourth quarter of 2025 expands its leadership in Kubernetes-native storage and data management. The update includes support for VM workloads, enabling enterprises to manage both containers and virtual machines in a unified and scalable environment, addressing hybrid deployment scenarios common in modern IT. The rollout of FlashBlade//EXA and steady adoption of the //E family, supporting AI and HPC workloads, augur well. Storage-as-a-Service TCV sales jumped 70% in the fiscal first quarter, fueled by large and small Evergreen//One deals. Additionally, Pure Storage and Nutanix teamed up to offer a joint solution for managing virtual workloads on a modern infrastructure stack. This integrated offering simplifies deployment and enhances operational efficiency, which is ideal for IT teams scaling up virtual environments in hybrid clouds. It has further deepened its collaboration with NVIDIA, integrating NVIDIA AI Data Platform reference designs into its FlashBlade lineup. This move solidifies Pure Storage's role in supporting AI infrastructure needs. With cyber threats rising, the firm expanded its partnership with Rubrik to offer enhanced protection for unstructured data. This solution improves threat detection, data management and recovery capabilities that are critical in today's ransomware-prone environment. Pure Storage currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 15.4% in the past year compared with the Computer- Storage Devices industry's decline of 32.4%. You can see the complete list of today's Zacks #1 Rank stocks here. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Western Digital Corporation WDC, Teradata Corporation TDC and PTC Inc. PTC. WDC sports a Zacks Rank #1 (Strong Buy) while TDC and PTC carry a Zacks Rank #2 (Buy). Western Digital's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 7.3%. In the last reported quarter, WDC delivered an earnings surprise of 11.48%. Its shares have decreased 21.5% in the past year. Teradata's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 24.63%. In the last reported quarter, TDC delivered an earnings surprise of 15.79%. Its shares have declined 37.4% in the past year. PTC's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while in line in one, with the average surprise being 14.57%. In the last reported quarter, PTC delivered an earnings surprise of 29.71%. The company's long-term earnings growth rate is 15.5%. Its shares have decreased 6% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Western Digital Corporation (WDC) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report PTC Inc. (PTC) : Free Stock Analysis Report Pure Storage, Inc. (PSTG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
ePlus Recognized as Innovator Partner of the Year at Pure Storage Annual Pure/Partner Forum
HERNDON, Va., June 24, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been recognized by Pure Storage as its 2024 Innovator Partner of the Year at Pure Storage's annual Pure//Partner Forum in Las Vegas. The Innovator Partner of the Year award was presented to ePlus for fully embracing innovation with Pure—and demonstrating leadership in selling the platform, AI, developing joint solutions, launching standout marketing campaigns, or achieving exceptional customer results. ePlus Storage-as-a-Service (STaaS) is a powerful offering that combines Pure Storage Evergreen//One with ePlus' managed services capabilities, including technical expertise, around the clock support, and dedicated customer success resources. Pioneered by ePlus in collaboration with Pure Storage, it allows organizations to leverage enterprise storage platforms without making upfront capital investments, simplifying data storage planning by providing a flexible, customized, utilization-based subscription model. "We are ecstatic to receive the Innovator Partner of the Year Award from Pure Storage, which is tremendous validation of the innovative work we have done to provide creative data solutions to our customers," said Ken Farber, president of ePlus Software, leading partnerships, marketing, and strategy at ePlus. "Organizations have unique requirements when it comes to consuming and procuring technology, especially where data access and storage is concerned. The beauty of ePlus STaaS is that it provides a simplified and efficient way to achieve what they need now without having to predict the future. We're thankful to Pure Storage for their support and partnership as we continue to push the boundaries for our customers." "At Pure Storage, we believe partnership is the catalyst for innovation and growth. This year's award winners have set a new standard by delivering transformative solutions and unlocking powerful business outcomes for our joint customers. We're proud to collaborate with such visionary partners who share our commitment to redefining what's possible in data storage and management." - Amy Fowler, GM Commercial, Pure Storage. Pure Storage collaborates with partners around the world to help organizations modernize their data infrastructure and unlock the full value of their data. Each year, Pure Storage honors partners who go above and beyond—demonstrating exceptional commitment, delivering impactful solutions, and driving meaningful results for our shared customers. For more information about the ePlus and Pure Storage partnership please visit: About ePlus inc. ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,200 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia–Pacific. For more information, visit call 888-482-1122, or email info@ Connect with ePlus on LinkedIn, X, Facebook, and Instagram. ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners. View original content to download multimedia: SOURCE EPLUS INC. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
24-06-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Pure Storage (PSTG) and Accenture (ACN)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pure Storage (PSTG – Research Report) and Accenture (ACN – Research Report) with bullish sentiments. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Pure Storage (PSTG) J.P. Morgan analyst Pinjalim Bora maintained a Buy rating on Pure Storage today. The company's shares closed last Friday at $51.58. According to Bora is a 5-star analyst with an average return of 10.9% and a 58.3% success rate. Bora covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Pegasystems, and Informatica. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pure Storage with a $72.24 average price target, implying a 36.1% upside from current levels. In a report issued on June 20, Needham also maintained a Buy rating on the stock with a $75.00 price target. Accenture (ACN) In a report issued on June 20, Jonathan Lee CFA from Guggenheim maintained a Buy rating on Accenture, with a price target of $335.00. The company's shares closed last Friday at $285.37, close to its 52-week low of $278.69. According to CFA is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -22.5% and a 15.8% success rate. CFA covers the Technology sector, focusing on stocks such as Epam Systems, Globant SA, and Endava. ;'> Currently, the analyst consensus on Accenture is a Moderate Buy with an average price target of $346.80, which is a 23.2% upside from current levels. In a report issued on June 10, Bank of America Securities also maintained a Buy rating on the stock with a $373.00 price target.
