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Pure Storage Inc. (NYSE:PSTG) Stock Could be a Disruptive and Growing Force in the Solid State Memory Market (Part 1)


Pure Storage Inc. (NYSE:PSTG) engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, California, USA.

The solid-state array sector

Solid-state storage (SSS) is a type of computer storage media made from silicon microchips. SSS stores data electronically instead of magnetically, as spinning hard disk drives (HDDs) or magnetic oxide tape do.

In 2016, the overall solid-state array (SSA) market grew by 72%, with total revenue of $4.6 billion. The purchase price of SSAs continues to drop by at least 40% in the last 18 months. 

Gartner research stated last year, “Within the next 12 months, solid-state arrays will improve in performance by a factor of 10, and double in density and cost-effectiveness, therefore changing the dynamics of the storage market. By 2021, 50% of data centers will use SSAs for high-performance computing and big data workloads, up from less than 10% today.



Pure Storage Inc. Earnings per share.


Pure Storage Earnings Per Share (EPS) has growth at 62.98% pa, and forecast to turn positive in 2019. Note some analysts are forecasting EPS positive for 2020.




Pure Storage Inc. (NYSE:PSTG) serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California.