Pure Storage (PSTG) Surges 50% in 5-Month: A New High Coming?

One of the companies to have managed its steady performance in recent times is Pure Storage (NYSE: PSTG) and that has been reflected in the price action in its stock as well.

Pure Storage (PSTG) Surges 50% in 5-Month: A New High Coming?

Since the middle of September, the Pure Storage stock has gone up by as high as 50% and experts believe that there could be further upside in the stock. As a matter of fact, it should be noted that the company managed to deliver impressive results in the fourth quarter and boasts of a solid portfolio of products as well.

In this regard, it is also necessary to point out that despite there not being a lot of hype about Pure Storage among investors, the company has continued to clock double-digit growth. It is one of the few companies in the hardware space to have been able to achieve the feat. The company’s subscription revenues soared by as big as 32% in the fourth quarter and that is increasingly becoming a larger portion of the revenues as well.

Emile Ortega

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.