|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's range||29.78 - 31.85|
|52-week range||16.79 - 31.88|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Pure Storage's (NYSE: PSTG) stock price soared 13% to an all-time high on Nov. 24 after the data storage company posted its third-quarter earnings. Its revenue rose 37% year over year to $562.7 million, beating estimates by $32.
Shares of Pure Storage (NYSE: PSTG) were up by 13.5% as of 1:33 p.m. ET on Wednesday after the company reported its third consecutive quarter of accelerating revenue growth. The company's improving profitability and growing demand across its portfolio of data storage hardware and software products could lead to further gains, but management warned that it faces near-term obstacles involving the supply chain. Pure Storage is also seeing success with its storage subscription services; revenue in that business grew 38% year over year to $187.8 million, amounting to a third of the top line.
Pure Storage CEO Charlie Giancarlo discusses how the cloud technology company manages to grow customer demand, addresses labor shortage issues, and deals with supply chain bottlenecks.