2024-03-05 10:52:35 ET
Summary
- Pure Storage, Inc.'s fiscal 2025 outlook is promising, marked by increased profitability and sustained growth rates.
- Despite facing challenges such as competitive pressures and economic uncertainties, Pure Storage's strategic positioning and focus on advanced data storage solutions position it for continued success.
- At 29x forward non-GAAP operating income, Pure Storage stock is attractively priced.
Investment Thesis
Pure Storage, Inc. ( PSTG ) delivered an enticing outlook for fiscal 2025 (the current calendar year) with its Q4 fiscal 2024 results . Note that PSTG's fiscal year and calendar year are misaligned....
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Pure Storage's Fiscal 2025 Outlook: A Promising Trajectory