Key insights
- Everpure (P) shares surged nearly 18% after the data storage company raised its fiscal 2028 outlook significantly above analyst expectations. The company cited growth opportunities from hyperscalers and AI demand. Everpure also affirmed its fiscal 2027 guidance. The stock has nearly doubled year-to-date and recently joined the S&P 500.
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Everpure shares are surging after the data storage company raised its fiscal 2028 outlook, citing growth opportunities from business with hyperscalers.
Shares of Everpure (P) were up nearly 18% to pace S&P 500 risers Thursday, a day after the data storage firm guided for fiscal 2028 revenue of $7 billion to $7.3 billion and operating income of $1.7 billion to $1.9 billion. Analysts polled by Visible Alpha had expected $5.23 billion and $1.09 billion, respectively.1
The Santa Clara, Calif.-based company formerly known as Pure Storage also affirmed its fiscal 2027 guidance provided on its second-quarter earnings call last month.
“Everpure is at an inflection point as we expand our horizons to managing data in the enterprise and solutions for hyperscalers,” CEO Charlie Giancarlo said in a release.
With Thursday’s gains, Everpure shares have nearly doubled in value since the start of the year. They joined the S&P 500 earlier this week.