What analyst predict for Pure Storage NYSE:PSTG ?

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What analyst predict for Pure Storage NYSE:PSTG ?

Pure Storage NYSE:PSTG headquartered in Mountain View, California is reporting their earnings on 05/21/2018 before the bell. Street forecast for the quarter ending March 2018 is $-0.3.

According to stock market daily analyst this is Lower then same time previous year. Pure Storage, reported EPS for the same quarter last year was $-0.3.

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Overview of Pure Storage NYSE:PSTG

Pure Storage released a flash memory product called FlashArray on August 23, 2011.Deployed in a data center, FlashArray is marketed to accelerate applications like server virtualization, desktop virtualization, database systems and cloud computing that required very high rates of random I/O operations per second.InfiniBand technology connected controllers, and Fibre Channel connected to server computers.

The second generation FlashArray, released on May 16, 2012, included new software and an enhanced data integrity fabric.It was promoted with higher resiliency, encryption with zero key management, a new web user interface, command line interface, and support for VMware’s vStorage interface.[19] In August 2012, the firm released new software features including iSCSI connectivity using 10 Gigabit Ethernet, snapshots, and integration with VMware vCenter.[20]

Pure Storage used multi-level cell flash memory which has higher capacity, for the same price, than single-level cell memory, at the cost of increased wear on and reduced life expectancy of the cells. Using software such as data compression known as data deduplication, the firm markets the FlashArray to compete with traditional rotating disk arrays. The company estimated FlashArray required about 20% of the power and space required for traditional arrays.[22] The firm’s flash memory is packaged in shelves of solid state memory devices (SSDs), from two known suppliers, sTec, Inc. and Samsung

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