Varonis Systems (VRNS) has entered into a strategic partnership with Pure Storage (PSTG, Financial), marking a significant step in the realm of data security. This collaboration makes Varonis the first data security entity to integrate natively with Pure Storage, aiming to bolster protection for sensitive information.
The alliance will enable Varonis customers to proactively safeguard their data, detect potential threats, and adhere to the evolving landscape of data and AI privacy regulations. By combining their expertise, Varonis and Pure Storage aim to deliver a comprehensive solution for data security and cyber resilience.
This unified solution is designed to help organizations prevent data breaches and ensure swift recovery in the event of cybersecurity incidents or other disasters, representing a critical advancement for companies prioritizing data protection.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Pure Storage Inc (PSTG, Financial) is $69.16 with a high estimate of $93.00 and a low estimate of $50.00. The average target implies an upside of 65.64% from the current price of $41.75. More detailed estimate data can be found on the Pure Storage Inc (PSTG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Pure Storage Inc's (PSTG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Pure Storage Inc (PSTG, Financial) in one year is $46.85, suggesting a upside of 12.22% from the current price of $41.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Pure Storage Inc (PSTG) Summary page.
