Pure Storage, a leading provider of data storage solutions (NYSE:), has seen its shares rise in value over the last few months. This is a sign that investors are bullish. But, with current market volatility caused in part by the resurgence COVID-19 case and a continuing global semiconductor shortage will PSTG still be able maintain its bull run? You can read more about Pure Storage, Inc. in Mountain View, Calif., a provider of global technology and data storage. This company was named a leader in the Magic Quadrant for Primary Storage. Gartner For eight years, (NYSE:) has been the #1 container in Containers. It was also ranked #1 in Containers in 2021 Gartner’s Critical Capabilities for Primary Storage list.

PSTG’s impressive third-quarter performance drove the stock to its all-time price high last month. The company’s revenues increased 37% year-over-year to $562.70 million in its fiscal 2022 third quarter (ended October 31, 2021). The 38% increase in subscription revenue can explain this. To reach its all-time record of $32.56, the stock gained 37% in the year to date. Additionally, trading is above the 50-day, 200-day moving medians of $27.17 & $22.56, which indicate a strong uptrend.

However, the company’s operating loss came in at $18.10 million in the last quarter, while net loss amounted to $28.73 million. The company’s share loss was $0.10. Its total cost of goods sold rose 40.2% to $187.95million due to ongoing shipping delays and semiconductor shortages.

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