Pure Storage Inc Stock

Description Pure Storage

Pure Storage is a publicly traded American company that specializes in developing and marketing all-flash data storage solutions. It was founded in 2009 and is based in Mountain View, California. The company's main product line includes flash-based storage arrays and software that enable organizations to store, manage, and protect their data. Pure Storage's technology is primarily used in cloud computing, virtualization, and database management.

The company has a strong market position due to its focus on all-flash arrays, which are faster and more reliable than traditional hard disk storage solutions. Pure Storage's products are used by a diverse range of customers, including technology companies, financial institutions, healthcare providers, and government agencies.

Pure Storage went public in 2015, and its stock has since been listed on the New York Stock Exchange under the ticker symbol PSTG. The company has a market capitalization of over $7 billion as of May 2021.

Competitors of Pure Storage

Pure Storage is a listed company that provides hardware and software for data storage. The most important competitors of Pure Storage in the data storage industry are:

1. Dell Technologies: Dell Technologies is a leading provider of data storage solutions to businesses of all sizes. It provides storage solutions through its Dell EMC division.

2. HP Enterprise: HP Enterprise is a leading provider of storage and networking solutions. It offers storage solutions through its 3PAR division.

3. NetApp: NetApp is a global leader in data storage and management solutions. It offers a wide range of storage solutions to meet the needs of businesses of all sizes.

4. IBM: IBM is a leading provider of storage solutions for businesses of all sizes. IBM provides storage solutions through its IBM Cloud division.

5. Hitachi Vantara: Hitachi Vantara is a leading provider of data storage solutions for businesses of all sizes. It provides storage solutions through its Hitachi Storage division.

These companies compete with Pure Storage in terms of pricing, product quality, service delivery, and innovation. However, Pure Storage has been able to differentiate itself by offering innovative products and delivering excellent customer service.

Suppliers of Pure Storage

Pure Storage is a technology company that specializes in providing data storage solutions for enterprises. As such, its most important suppliers are companies that provide it with the necessary hardware and software components to manufacture its products.

Some of the key suppliers for Pure Storage include:

1. Intel: Intel is a major supplier of microprocessors and solid-state drives (SSDs) that enable Pure Storage to power its storage solutions.

2. Samsung: Samsung is a major supplier of NAND flash memory, which is a key component of Pure Storage's FlashArray and FlashBlade products.

3. Western Digital: Pure Storage relies on Western Digital for the supply of hard disk drives (HDDs) used in its hybrid storage solutions.

4. Broadcom: Broadcom is a leading supplier of high-speed network adapters and controllers that enable Pure Storage to deliver high-performance storage solutions.

5. Corning: Corning provides Pure Storage with high-quality optical fiber cables that facilitate fast and efficient data transfers across its storage systems.

In summary, the success of Pure Storage depends largely on its ability to maintain a dependable supply of high-quality components and materials from these key suppliers.