Pure Storage Inc. Class A (NYSE:PSTG) traded at a new 52-week high today of $35.71. This new high was reached on below average trading volume as 573,000 shares traded hands, while the average 30-day volume is approximately 3.9 million shares.
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.
Over the past year, Pure Storage Inc. Class A has traded in a range of $16.79 to $35.71 and is now at $35.36, 111% above that low.
Based on a current price of $35.36, Pure Storage Inc. Class A is currently 2.4% above its average consensus analyst price target of $34.53.
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