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home / news releases / PSTG - Pure Storage: Excellent Investment For A Choppy Market

PSTG - Pure Storage: Excellent Investment For A Choppy Market

Pure Storage Inc. Class A
  • Pure Storage jumped nearly 10% after reporting Q4 results, one of the few tech stocks to rise post-earnings.
  • The company achieved accelerating revenue growth while also decimating Wall Street's expectations on the bottom line.
  • Pro forma operating margins more than doubled y/y, driven by operating leverage on sales and marketing expenses.
  • The company is still citing a $60+ billion TAM versus only ~$2.5 billion in its current annual revenue run rate.
  • Valuation still looks modest at ~3x forward revenue.

For further details see:

Pure Storage: Excellent Investment For A Choppy Market
Stock Information
Company Name: Pure Storage Inc. Class A
Stock Symbol: PSTG
Market: NYSE
Website: purestorage.com
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