Pure Storage vs Hewlett Packard Enterprise

This page compares Pure Storage and Hewlett Packard Enterprise, outlining how their business models, financial performance, and market context differ. It provides neutral, accessible analysis to help readers understand each company’s position within the storage and enterprise technology landscape. Educational content, not financial advice.

This page compares Pure Storage and Hewlett Packard Enterprise, outlining how their business models, financial performance, and market context differ. It provides neutral, accessible analysis to help ...

Comparison Snapshot

Key Financial Metrics

PSTG

Metric

HPE

$23.22B

Market Cap

$29.37B

38.33%

Potential Profit

18.33%

Buy

Analyst Rating

Buy

Why It's Moving

Pure Storage Dips Amid Broader Market Pressure as Investors Eye Upcoming Earnings

Stock declined sharply on February 2 within $68.20-$70.11 range, with volume at just 116K versus average 2.93M, signaling low conviction selling.
Q4 EPS expected at $0.65, up 44% year-over-year, with revenue forecast at $1.03B, a 17% jump, heightening anticipation for AI-driven storage demand.
Trading at premium Forward P/E of 37.22 versus industry 22.65, underscoring high growth expectations amid sector volatility.

Sentiment:

🌋Volatile

Institutional Investors Pile into HPE as AI Networking Push Signals Retail Edge Strength.

National Pension Service upped its HPE holding by 9.7% with 334k shares, now owning 0.29% of the company worth $93M, signaling strong long-term conviction.
Convergence Investment Partners surged its stake 188% by adding 126k shares to reach $4.75M, ranking HPE as its 17th largest position.
HPE unveiled AI-native CX 6000 switches and Nonstop upgrades at NRF, boosting retail connectivity and performance by 15% to power POS and IoT devices.

Sentiment:

🐃Bullish

Pure Storage Dips Amid Broader Market Pressure as Investors Eye Upcoming Earnings

Stock declined sharply on February 2 within $68.20-$70.11 range, with volume at just 116K versus average 2.93M, signaling low conviction selling.
Q4 EPS expected at $0.65, up 44% year-over-year, with revenue forecast at $1.03B, a 17% jump, heightening anticipation for AI-driven storage demand.
Trading at premium Forward P/E of 37.22 versus industry 22.65, underscoring high growth expectations amid sector volatility.

Sentiment:

🌋Volatile

Institutional Investors Pile into HPE as AI Networking Push Signals Retail Edge Strength.

National Pension Service upped its HPE holding by 9.7% with 334k shares, now owning 0.29% of the company worth $93M, signaling strong long-term conviction.
Convergence Investment Partners surged its stake 188% by adding 126k shares to reach $4.75M, ranking HPE as its 17th largest position.
HPE unveiled AI-native CX 6000 switches and Nonstop upgrades at NRF, boosting retail connectivity and performance by 15% to power POS and IoT devices.

Sentiment:

🐃Bullish

Investment Analysis

Pure Storage

PSTG

Pros

Pure Storage achieved record annual revenue exceeding $3 billion in fiscal 2025, reflecting strong double-digit growth and solid operating profitability.
Subscription services revenue grew 22% year-over-year, indicating a successful shift towards recurring, high-margin business models.
The company's Fusion platform is driving enterprise adoption by modernising legacy storage architectures and improving operational efficiency for customers.

Considerations

Pure Storage faces intense competition from established players like Dell, NetApp, and Hewlett Packard Enterprise, which could pressure pricing and market share.
Valuation metrics suggest the stock may be stretched, with some analysts rating it as modestly undervalued based on traditional checks.
The company's rapid growth trajectory increases execution risk, particularly in maintaining profitability as it scales globally.

Hewlett Packard Enterprise

HPE

Pros

Hewlett Packard Enterprise maintains a diversified portfolio across hybrid cloud, edge computing, and enterprise services, supporting stable revenue streams.
The company has a strong balance sheet and consistent cash flow generation, enabling strategic investments and shareholder returns.
HPE is actively restructuring and focusing on higher-growth areas like AI infrastructure and software, positioning itself for future technology trends.

Considerations

HPE's legacy hardware businesses face ongoing secular decline, which could constrain overall growth and margin expansion.
The company operates in a highly competitive enterprise IT market, with pressure from both cloud providers and specialist vendors.
Recent strategic shifts and restructuring efforts introduce execution risk and may impact near-term operational performance.

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About The Companies

Pure Storage (PSTG)

Pure Storage, Inc. (PSTG) is a US-based technology firm specialising in all‑flash enterprise storage arrays, data management software and cloud data services. With a market capitalisation around $29.9 billion, Pure aims to replace legacy disk-based systems with faster, more energy-efficient flash solutions and recurring software subscriptions. Investors often watch its mix of product sales and growing recurring revenue — software licences and support — as indicators of profit stability and margin expansion. Strengths include product innovation, a focus on ease of use and a shift toward subscription models; challenges include strong competition from established storage vendors and cloud hyperscalers, plus sensitivity to IT spending cycles and execution risk. This summary is educational and not investment advice: stock prices can fall as well as rise, and suitability depends on an investor’s circumstances and risk tolerance.

Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise (HPE) is an enterprise technology company focused on servers, storage, networking, edge computing and hybrid cloud software and services. Investors should know HPE is transitioning revenue toward recurring software and as-a-service offerings while still deriving substantial sales from hardware and integrated solutions for large businesses and public-sector customers. This mix can offer more predictable income over time but depends on successful execution and customer adoption. HPE faces competition from large cloud providers and other hardware vendors, and its results remain sensitive to corporate IT spending cycles and macroeconomic conditions. With a market capitalisation of about $30.70bn, HPE may suit investors looking for exposure to enterprise IT transformation, but outcomes can vary and past performance is not indicative of future returns. This is general information only—not personalised advice—and investors should assess risk tolerance and diversify accordingly.

Pure Storage (PSTG) Next Earnings Date

Pure Storage (PSTG) is estimated to report its next earnings for Q4 fiscal 2026 on February 25, 2026. This date, covering the quarter ended in early February 2026, aligns with the company's historical late-February reporting pattern following prior quarters like Q2 on August 27, 2025. Note that the company has not yet officially confirmed the precise date or time.

Hewlett Packard Enterprise (HPE) Next Earnings Date

Hewlett Packard Enterprise's next earnings date is estimated for Thursday, March 5, 2026, following its historical reporting pattern in early March. This report will cover the Q1 2026 results, typically released after market close. The date remains unconfirmed by the company, with estimates aligning across multiple analyst projections.

Pure Storage (PSTG) Next Earnings Date

Pure Storage (PSTG) is estimated to report its next earnings for Q4 fiscal 2026 on February 25, 2026. This date, covering the quarter ended in early February 2026, aligns with the company's historical late-February reporting pattern following prior quarters like Q2 on August 27, 2025. Note that the company has not yet officially confirmed the precise date or time.

Hewlett Packard Enterprise (HPE) Next Earnings Date

Hewlett Packard Enterprise's next earnings date is estimated for Thursday, March 5, 2026, following its historical reporting pattern in early March. This report will cover the Q1 2026 results, typically released after market close. The date remains unconfirmed by the company, with estimates aligning across multiple analyst projections.

Which Baskets Do They Appear In?

AI Data Centers: Could Nvidia's $100B Drive Growth?

Nvidia's landmark $100 billion investment in OpenAI is set to create the world's most powerful AI supercomputing infrastructure. This monumental undertaking will drive massive demand for the underlying physical components, from power and cooling to specialized hardware, creating a ripple effect for companies that build and support large-scale data centers.

Published: September 24, 2025

Explore Basket

Which Baskets Do They Appear In?

AI Data Centers: Could Nvidia's $100B Drive Growth?

Nvidia's landmark $100 billion investment in OpenAI is set to create the world's most powerful AI supercomputing infrastructure. This monumental undertaking will drive massive demand for the underlying physical components, from power and cooling to specialized hardware, creating a ripple effect for companies that build and support large-scale data centers.

Published: September 24, 2025

Explore Basket

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Comparison Snapshot

Why It's Moving

Pure Storage Dips Amid Broader Market Pressure as Investors Eye Upcoming Earnings

Institutional Investors Pile into HPE as AI Networking Push Signals Retail Edge Strength.

Pure Storage Dips Amid Broader Market Pressure as Investors Eye Upcoming Earnings

Institutional Investors Pile into HPE as AI Networking Push Signals Retail Edge Strength.