Jim Cramer Highlights Pure Storage Stock's High Valuation

Pure Storage, Inc. (NYSE:PSTG) is one of the stocks Jim Cramer answered questions about. Toward the end of the lightning round, a caller asked for Cramer’s thoughts on the company, and he replied:

You know, I hadn’t thought about that. It has a flash array that, data could be stored on flash arrays without a problem. But it does sell at extremely high price-to-earnings multiple. And again, I’m staying away from those stocks because I am concerned that we could have a higher interest rate spike, and these stocks will trade down no matter what happens.

Pure Storage, Inc. (NYSE:PSTG) creates hardware and software for data management, including storage systems for databases and tools for cloud-native applications.

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Disclosure: None. This article is originally published at Insider Monkey.