If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

Pure Storage PSTG has outperformed the market over the past 5 years by 16.96% on an annualized basis producing an average annual return of 29.42%. Currently, Pure Storage has a market capitalization of $22.03 billion.

Buying $1000 In PSTG: If an investor had bought $1000 of PSTG stock 5 years ago, it would be worth $3,538.95 today based on a price of $67.54 for PSTG at the time of writing.

Pure Storage's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.