Cloud Stocks: Analysis Of Pure Storage’s Portworx Acquisition

Pure Storage’s stock is trading at $21.62 with a market capitalization of $5.8 billion. It had touched a high of $22.35 earlier this month. The stock fell to a 52-week low of $7.93 in March due to the global crisis. Pure Storage had listed on the NYSE in 2015 by raising $425 million at a valuation of $3.1 billion and a stock price of $17.

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