Pure Storage Inc. Class A Looks to Continue to Trade Above i...| MENAFN.COM

Wednesday, 26 January 2022 05:33 GMT

Pure Storage Inc. Class A Looks to Continue to Trade Above its Annual-High Share Price Today


(MENAFN- Investor Brand Network) Pure Storage Inc. Class A (NYSE:PSTG) traded at a new 52-week high today of $30.94. Approximately 5.9 million shares have changed hands today, as compared to an average 30-day volume of 3 million shares.

There is potential upside of 0.8% for shares of Pure Storage Inc. Class A based on a current price of $30.94 and an average consensus analyst price target of $31.19.

Pure Storage Inc is a US-based company which provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. Its services include Purity Operating Environment, which is its flash-optimized software, FlashArray, its modular and scalable all-flash array hardware and Pure1, its cloud-based management, and support. FlashArray is a modular all-flash storage array designed to maximize the performance and density of flash, optimize the software services that the Purity Operating Environment provides and minimize solution cost for customers. Its customers include cloud-based software and service providers, consumer web, education, energy, governments, healthcare, media, telecommunications amongst others.

In the past 52 weeks, shares of Pure Storage Inc. Class A have traded between a low of $16.79 and a high of $30.94 and is now at $30.94, which is 84% above that low price.

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