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Is Pure Storage Stock a Buy?

TheMotleyFool

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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 $32.1 million. Its adjusted net income jumped from $1.8 million a year ago to $66.7 million, or $0.22 per share, which also beat expectations by a dime.

For the full year, Pure Storage expects its revenue to rise 25% to $2.1 billion. That easily surpassed analysts' expectations for 21% growth, and would mark a major acceleration from its 2% growth in fiscal 2021.

Source Fool.com

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