Everpure (P) Stock News

Everpure shares rose 3.5% to $152.32, extending a 10-day winning streak. The rally is fueled by AI data-center demand, a subscription model shift, and raised fiscal 2028 revenue guidance to ~$7.2B. The company also landed a hyperscale cloud contract. Analyst average target is $147.79.

Everpure announced new platform capabilities to simplify enterprise data management for AI. Features include Native MCP Integration, PureKVA delivering up to 20x faster time to first token, and Always-On DeepReduce compression. The updates will be available in October.

Everpure's Global Data Sovereignty Report 2026 finds 88% of large enterprise C-suite leaders believe a data sovereignty failure could cost them their jobs, and 91% worry about financial and reputational damage. Despite this, 64% of organizations operate without a formal data sovereignty strategy.

Oracle dropped 3.8% on a force majeure notice for its Project Jupiter data center. Meta rose 3.8% on new smart glasses. BlackBerry gained 2.6% on earnings beat. MGM fell 10% on bid withdrawal. GoDaddy rose 4.5% on acquisition offer. Nebius up 9.2% on BofA upgrade. Qualcomm down 1.3% on Apple patent renewal. Everpure jumped 17% on AI demand. TD Synnex fell 10% despite earnings beat. Darden down 1.6% on cost pressures. Dropbox down 4.4% on downgrade. Grail up 7.9% on FDA panel recommendation.

Shares of the data-storage company (formerly Pure Storage) surged Thursday to lead the S&P 500 after its analyst event unveiled fiscal 2027 and 2028 revenue growth above Wall Street estimates, driven by AI and hyperscaler opportunities. The stock rose 14% to $124.59, on pace for a record close. CEO Charlie Giancarlo cited an inflection point.

Everpure Price Target Raised to $162.00/Share by Piper Sandler.

Everpure (P) at its analyst day provided a preliminary FY28 outlook significantly above consensus, guiding revenue growth to accelerate to 39-45% and operating income growth of 80-100%. The stock surged over 14% to a record high.

Everpure (P) reached new all-time highs and led the S&P 500 after its Analyst Day. The company reaffirmed FY27 but issued a preliminary FY28 revenue outlook of $7.0-7.3 billion, well above consensus. That implies 39-45% growth, accelerating from the 37-38% in FY27. Non-GAAP operating income is expected at $1.7-1.9 billion, up 80-100% year over year, with margins expanding to 24-26%. Management outlined four growth vectors – Core + Core AI, Modern Data Software, Scale AI and Hyperscale Solutions – and sees its total addressable market nearly doubling to $207 billion by 2030. A second top-five hyperscaler design win was secured in August, with meaningful revenue expected in FY28.

Everpure stock surged 15% to $125.90, best in S&P 500. At its analyst day, the data-storage company backed FY2027 revenue growth of 37%-38% but impressed Wall Street with a preliminary FY2028 outlook of $7B-$7.3B revenue (vs. $6.5B consensus) and $1.7B-$1.9B adjusted operating income. CEO Charlie Giancarlo cited inflection from hyperscaler and AI demand. Analysts raised price targets, with Morgan Stanley's bull case implying 105% upside.

Shares of Everpure (formerly Pure Storage) rose 6.4% to $116.64 in premarket after the company at its analyst event backed fiscal 2027 revenue growth of 37%-38% and gave a preliminary fiscal 2028 outlook of 39%-45% revenue growth to $7-$7.3 billion. Wall Street had expected $6.5 billion. Adjusted operating income for fiscal 2028 is forecast at $1.7-$1.9 billion, 80%-100% growth from fiscal 2027. Guggenheim analyst Howard Ma said the company continues to outdo itself. Morgan Stanley raised its price target to $137 and set a bull case of $225, representing 105% upside from the prior close. The company cited AI and hyperscaler demand for its DirectFlash and Purity offerings. Its all-flash TAM is seen growing to $207 billion over four years.

Everpure ($P) has been recognized as a Leader in the 2026 Gartner Magic Quadrant for Infrastructure Platform Consumption Services for the second consecutive year. The company was positioned highest in Execution and furthest in Vision, reflecting its platform-based approach to hybrid-cloud infrastructure and data management.

S&P 500 index composition is changing. Bloom Energy, Everpure, and Illumina will join; Molson Coors, Trade Desk, and Builders FirstSource will be removed.

Everpure reported Q2 FY27 revenue of $1.2B (est. $1.1B) and adjusted EPS of $0.70 (est. $0.58). The company raised its FY27 revenue guidance to $5.03B-$5.07B (est. $4.5B) and Q3 revenue guidance to $1.33B-$1.34B (est. $1.14B). Subscription ARR grew 20% YoY to $2.1B. Free cash flow was -$238M vs. est. +$201M. The company also disclosed a second top-five hyperscale design win.