Oppenheimer has initiated coverage on Pure Storage Inc (PSTG) with an Outperform rating, marking the firm's first assessment of the company's investment potential. This decision, made on November 16, 2025, comes as Pure Storage continues to position itself as a leader in the technology sector, specialising in innovative data storage solutions. The company, headquartered in Santa Clara, California, employs approximately 6,000 individuals and has been publicly traded since its IPO on October 7, 2015.
As of the latest update, Pure Storage boasts a market capitalisation of $27.4 billion, with a price-to-earnings ratio (P/E) of 196.67 and earnings per share (EPS) of 0.41. The firm is known for its disruptive data storage platform, which accommodates various data workloads across on-premises, cloud, and hosted environments. Its product suite includes Evergreen Architecture, FlashArray, and FlashBlade, along with cloud-native storage solutions such as Portworx by Pure Storage.
Looking ahead, the company is scheduled to report its next earnings on November 15, 2026, with anticipated EPS of $0.65 and revenue of $1.1 billion. Recent earnings performance has been strong, with the second quarter of 2026 showing an EPS of $0.43, surpassing estimates by 9.0%.
Analyst ratings are often viewed as professional insights based on extensive research and financial modelling. While they can provide valuable context, investors should consider a range of factors, including company fundamentals and market conditions, when making decisions. Analyst opinions can evolve as new information emerges, highlighting the importance of a comprehensive approach to investment analysis.