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Pure Storage (PSTG) to Boost Kubernetes Platform With AWS Tie-Up

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Pure Storage, Inc. PSTG has collaborated with Amazon’s subsidiary — Amazon Web Services (“AWS”) — to enhance its Portworx solutions with solution development and enablement programs. This will allow organizations to shift Kubernetes workloads into production. Kubernetes is an open-source system that automates software deployment.

New-age enterprises strive to create a developer-friendly environment to facilitate the scalability of services for enterprise customers. Hence, the partnership to help enterprises transition cloud-native Kubernetes applications comes as a boon while tackling some of the major tech challenges in today’s digital era.

As part of this three-year engagement with AWS, both the companies are responsible for offering a comprehensive Kubernetes platform that will help joint customers move containerized applications into production on the back of Pure’s Portworx Enterprise and Portworx PX-Backup platforms.

Portworx Enterprise is the Kubernetes storage platform. It is trusted by tech giants like Adobe, T-Mobile and Comcast. The platform benefits applications with data security, multi-cloud migrations and disaster recovery. Portworx PX-Backup offers enterprise-grade point-and-click backup and recovery protection for all applications functioning on Kubernetes.

The avant-garde technology is specifically designed for containerized applications and provides native integration with major cloud block storage systems like Amazon EBS. Portworx also announced an Early Access Program for Portworx Backup as-a-Service (BaaS) on AWS as part of this collaboration.

It bolsters the implementation of data and application recovery objectives with a modern data protection control plane. This as-a-service platform is also known for benefiting customers by protecting Kubernetes applications. Moreover, Portworx will facilitate Amazon Elastic Kubernetes Service customers with enterprise storage capabilities to operate data-rich Kubernetes applications at scale.

Last month, Pure Storage’s subsidiary, Portworx, collaborated with TeleMessage to improve the latter’s secure and compliant data storage for global enterprise customers. Per the agreement, TeleMessage capitalized on Portworx Enterprise, an end-to-end storage and data management solution on the back of a Kubernetes-based infrastructure.

Pure Storage’s performance is gaining from continued momentum in Pure as-a-Service, Portworx and Evergreen Storage subscription services. The company is benefiting from strength across FlashArray and FlashBlade businesses as well as strong prospects in the data-driven markets of Artificial Intelligence, Machine Learning, Internet of Things, Real-time Analytics and Simulation. Solid uptake of Cloud Block Store, ObjectEngine Cloud and CloudSnap augurs well for the long haul.

Pure Storage currently carries a Zacks Rank #3 (Hold). The Mountain View, CA-based company’s shares have gained 36.3% compared with the industry’s growth of 0.3% in the past six months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Teradata Corporation TDC is a better-ranked stock in the industry, sporting a Zacks Rank #1 at present. The Zacks Consensus Estimate for its current-year earnings has been revised 12.3% upward over the past 60 days.

Teradata delivered a trailing four-quarter earnings surprise of 51.9%, on average. It has returned 1.6% in the past year. TDC has a long-term earnings growth expectation of 19.5%.

NetApp, Inc. NTAP, another solid pick for investors, carries a Zacks Rank #2 (Buy). The consensus estimate for earnings for the current year has been revised 0.2% upward over the past 60 days.

NetApp delivered a trailing four-quarter earnings surprise of 9.8%, on average. The stock has gained 27.5% in the past year. NTAP has a long-term earnings growth expectation of 8.8%.

Super Micro Computer, Inc. SMCI also has a Zacks Rank #2, at present. The consensus estimate for current-year earnings has remained steady at $3.20 per share over the past 60 days.

Super Micro Computer delivered a trailing four-quarter earnings surprise of 18.2%, on average. The stock has rallied 19.1% in the past year.


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