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SANTA CLARA, Calif. - Pure Storage (NYSE: PSTG), a $15.6 billion market cap company with impressive 70% gross margins and known for its advanced data storage technology and services, announced the release of FlashBlade//EXA, a new data storage platform designed to meet the rigorous demands of AI and High-Performance Computing (HPC) workloads. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet. The company claims that FlashBlade//EXA achieves more than 10 terabytes per second read performance in a single namespace, which they state sets a new industry standard for storage solution performance.
The new platform addresses the challenges of large-scale AI and HPC environments by offering a massively parallel architecture that scales data and metadata independently. This design allows for flexibility in handling the increased computational intensity and diverse data demands of modern AI models. The company’s innovation comes amid strong business performance, with revenue growing nearly 12% over the last twelve months.
FlashBlade//EXA leverages Pure Storage’s metadata capabilities to maximize AI pipeline efficiency and minimize delays during training and inference workflows. The platform also aims to simplify management by eliminating metadata bottlenecks and providing high metadata performance, availability, and resiliency. It incorporates standard protocols and high-speed networking components, including NVIDIA ConnectX NICs, Spectrum switches, and LinkX cables.
According to Rob Lee, Chief Technology Officer at Pure Storage, FlashBlade//EXA’s architecture allows for independent scaling of data and metadata, providing customers with performance, scalability, and adaptability for demanding data environments. Additionally, Rob Davis, Vice President of Storage Networking Technology at NVIDIA, highlighted the platform’s ability to leverage AI technologies while maintaining data security, scalability, and performance.
Pete Manca, President of Penguin Solutions, endorsed the new platform, noting its suitability for intensive AI environments and HPC applications due to its bandwidth, manageability, and configurable architecture.
The anticipated availability of FlashBlade//EXA is in the summer of 2025. Pure Storage’s announcement positions the company to continue its role in advancing storage solutions for AI and HPC workloads. This news is based on a press release statement from Pure Storage. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 14+ additional ProTips and a detailed Pro Research Report, providing valuable context about Pure Storage’s market position and growth potential in the competitive storage solutions sector.
In other recent news, Pure Storage reported its financial results for the fourth quarter of fiscal year 2025, surpassing analysts’ expectations with earnings per share of $0.45 and revenue of $879.8 million. Despite exceeding forecasts, the company’s stock experienced a decline in aftermarket trading. Revenue for the full fiscal year 2025 grew 12% year-over-year, reaching $3.2 billion, while subscription services revenue increased by 17%. UBS analyst David Vogt raised Pure Storage’s price target to $50 but maintained a Sell rating due to concerns over subdued demand and rising NAND prices affecting gross margins. Piper Sandler maintained an Overweight rating with a $76 price target, highlighting the company’s progress with cloud service customers and its alignment with market expectations for fiscal year 2026. Citi analysts reduced the price target to $77 but kept a Buy rating, citing potential market expansion from a significant hyperscaler win. These developments indicate a mixed outlook for Pure Storage, with strong financial performance countered by challenges in product margins and market demand.
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