Today: 9 April 2026
Pure Storage (PSTG) steadies in premarket as buyback, next earnings come into focus
29 December 2025
1 min read

Pure Storage (PSTG) steadies in premarket as buyback, next earnings come into focus

NEW YORK, December 29, 2025, 05:05 ET — Premarket

  • Pure Storage shares were indicated little changed at about $69.28 in early premarket trading.
  • The data-storage maker last raised full-year revenue and operating income guidance with its Dec. 2 results.
  • Investors are watching a planned Feb. 25 earnings date and U.S. housing data due later Monday.

Pure Storage shares were little changed at about $69.28 in early premarket trading on Monday. Google

The muted move keeps the focus on what comes next after a choppy December for the data-storage maker, which has been resetting expectations around AI-related demand and spending after its latest quarterly update. Pure Storage Investor

With year-end trading typically thin, traders were looking ahead to Monday’s U.S. data releases and the company’s next scheduled investor events for fresh signals on demand and margins. National Association of Realtors+1

Pure Storage closed at $69.28 on Friday, up 3.42% from the prior close, according to the company’s investor relations quote page. Pure Storage Investor

The stock remains about 31% below its 52-week high of $100.59 and well above its 52-week low of $34.51, the same page showed. Pure Storage Investor+1

Peers in enterprise storage and infrastructure were modestly higher, with NetApp up about 0.4% and Nutanix up about 1.6% from their previous closes, according to market data.

Pure Storage sells all-flash data storage systems and related subscription services, pitching its platform as a way for enterprises to run applications across on‑premises and cloud environments. Pure Storage Investor

In its third-quarter fiscal 2026 results on Dec. 2, the company reported revenue of $964.5 million, up 16% year over year, and subscription services revenue of $429.7 million, up 14%, it said. Pure Storage Investor

Pure also reported subscription annual recurring revenue (ARR) of $1.8 billion — a measure of subscription revenue expected on an annualized basis — and remaining performance obligations (RPO) of $2.9 billion, which represent contracted revenue not yet recognized. Pure Storage Investor

The company raised its fiscal 2026 revenue outlook to $3.63 billion to $3.64 billion and forecast fourth-quarter revenue of $1.02 billion to $1.04 billion, the release showed. Pure Storage Investor

On Dec. 10, Pure Storage announced its board approved an additional $400 million share repurchase authorization, on top of about $20 million remaining under an earlier program. Pure Storage Investor

“This largest-ever share repurchase authorization for Pure Storage is a direct reflection of our strategic value, long-term trajectory, and strong financial position,” CFO Tarek Robbiati said in that release. Pure Storage Investor

Investors are also looking to the next earnings update: Pure Storage has flagged Feb. 25, 2026 as its planned earnings date for fiscal fourth-quarter results, while noting the date is approximate for planning purposes. Q4 Stocks

Later Monday, the National Association of Realtors is scheduled to release its pending home sales index for November at 10 a.m. Eastern, a data point markets watch as a read on housing demand and interest-rate sensitivity. National Association of Realtors

Stock Market Today

  • Oppenheimer Raises Target Hospitality Price Target to $18, Sees 20% Upside
    April 9, 2026, 10:38 AM EDT. Oppenheimer lifted its price target for Target Hospitality (NASDAQ:TH) stock from $11 to $18, signaling a 20% potential upside. The firm rated the stock as outperform, reflecting growing confidence amid mixed analyst views. Other firms like Texas Capital and Stifel Nicolaus also upgraded ratings, while Weiss maintained a sell rating. Target Hospitality's shares opened Thursday at $14.99, near a 12-month high. Despite a recent quarterly earnings miss with a loss of $0.15 per share, revenue topped expectations at $89.78 million. The stock holds a market cap of $1.5 billion and a negative P/E ratio due to losses. Insider selling occurred in January, with EVP Heidi Diane Lewis reducing holdings by 6.39%. Institutional interest remains active, marking a nuanced outlook for the company in the hospitality sector.

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