Everforth, Inc. provides information technology solutions to commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment offers consulting, creative digital marketing, and permanent placement services, primarily to Fortune 1000 and mid-market companies, across areas such as cloud and infrastructure, data and AI, software development and engineering, customer experience, cybersecurity, and enterprise platforms, as well as industries including financial services, consumer and industrial, technology, media and telecom, healthcare, and business and government services. The Federal Government Segment delivers advanced IT solutions in data and AI, cybersecurity, and enterprise platforms to defense and intelligence, national security, federal civilian, and other public and private sector clients. Its products are offered under the Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast, and TopBloc brand names. The company was formerly known as ASGN Incorporated and changed its name to Everforth, Inc. in April 2026. Founded in 1985, it is headquartered in Glen Allen, Virginia.
Everforth said Thursday that its ECS unit has secured a three-year, sole-source indefinite-delivery/indefinite-quantity contract expansion with a ceiling of $148 million to continue supporting the Chief Digital and AI Office's Secure Unclassified Network, known as SUNet. The award builds on more than a decade of support for the program. Separately, Everforth ECS was selected under a Commercial Solutions Opening to research and prototype the next generation of capabilities for SUNet 2.0, advancing CDAO modernization priorities. Under the expanded SUNet contract, Everforth ECS will continue to manage and maintain the operational environment while supporting the transition of mission capabilities to future SUNet architecture.
EFOR · Demand · Positive Everforth ECS won a three-year $148M sole-source SUNet contract extension plus a SUNet 2.0 prototyping selection, concrete new orders for its services.
Everforth ECS Wins $30M Defense Health Agency Contract
Everforth said its federal segment, Everforth ECS, won a four-year, $30 million contract to support the Defense Health Agency's technology modernization program. Under the award, Everforth ECS will build predictive AI models, executive dashboards, and performance metrics giving DHA leaders visibility into program cost, schedule, cybersecurity risk, and cloud spending within the Defense Health Agency's Information Technology Program Support and Analytics Services program. The deal lands less than two weeks after Everforth's July 29 second-quarter report, which showed revenue of $1.01 billion and Adjusted EBITDA of $96.7 million both clearing the high end of management's own guidance, with the Federal Government Segment's gross margin improving to 19.6%, up 40 basis points from a year earlier. The same report showed consolidated revenue down from $1.02 billion a year earlier, net income of $14.2 million, or $0.35 per diluted share, versus $29.3 million and $0.67, and a federal segment book-to-bill ratio of 0.8 to 1 over the trailing twelve months. Everforth repurchased 0.4 million shares for $11.5 million, repaid $23.9 million of debt, and after the quarter refinanced its revolver into a new five-year, $600 million facility, while total long-term debt rose to $1,438.1 million at June 30 from $1,169.4 million at the end of 2025.
Accenture Delivers Weakest Guidance Among IT Services Peers in Q2
Accenture delivered the weakest guidance update among the eight IT services and consulting stocks tracked in the second quarter, even as its revenue of $18.72 billion rose 5.6% year over year and matched analyst expectations. Gartner was the quarter's best performer, with revenue of $1.68 billion flat year over year but beating estimates by 1.8% and posting the biggest analyst estimate beat in the group. IBM reported revenue of $17.16 billion, up 1.1% year over year but missing estimates by 1.5%, while Everforth posted revenue of $1.01 billion, down 1.3% year over year but surpassing expectations by 1.6% and delivering the highest guidance raise among peers. EPAM Systems reported revenue of $1.41 billion, up 4.5% year over year and beating estimates by 0.6%, though its next-quarter revenue guidance missed expectations. Share prices of the group have been resilient, up 8.2% on average since the latest earnings results.
Pegasystems, Reddit, AAR, Everforth, and Super Micro made big moves yesterday
Several stocks made significant moves on Wednesday. Pegasystems fell 13.3% after reporting a slowdown in contract growth as clients delayed software purchases. Reddit dropped 5.9% following reports it is reconsidering its AI data-licensing agreement with Google. Everforth rose 14.6% after Truist Securities upgraded the stock to Buy from Hold and raised its price target. Super Micro surged 22.9% after reporting strong preliminary fourth-quarter results, including a massive surge in its gross margin forecast, record-breaking new orders, and a major data center partnership with SpaceX.
Everforth Stock Jumps 14.6% After Truist Upgrade to Buy
Shares of IT services provider Everforth surged 14.6% in morning trading after Truist Securities upgraded the stock to Buy from Hold and raised its price target to $36 from $33. The upgrade reflects expectations for growth in the company's commercial consulting services during the second and third quarters, with Truist also lifting its second-quarter revenue estimate to $989 million from $976 million and its earnings per share estimate to $0.80 from $0.77. The move marks a sharp reversal for a stock that is down 55.5% year-to-date and trading 62.7% below its 52-week high of $55.65 from July 2025.
IT Services and Consulting Stocks Decline 18% on Average After Mixed Q1 Results
IT services and consulting stocks tracked by the publication fell an average of 18% since their latest earnings reports, even as first-quarter revenues broadly met analyst expectations. IBM led the group with revenue of 15.92 billion dollars, up 9.5 percent year on year and beating estimates by 1.3 percent, but its stock still dropped 15.7 percent. Gartner posted revenue of 1.51 billion dollars, down 1.5 percent, while Everforth reported flat revenue of 968.3 million dollars and issued weak guidance that sent its shares down 53.7 percent. Grid Dynamics grew revenue 3.7 percent to 104.1 million dollars and raised its full-year outlook, and EPAM Systems recorded 1.4 billion dollars in revenue, up 7.6 percent, though its stock fell 17.8 percent. Next-quarter revenue guidance for the group came in 2.3 percent below consensus, contributing to the broad share-price declines.
Kyndryl and Everforth Shares Fall After IBM Revenue Warning
Kyndryl and Everforth shares fell sharply after IBM issued a second-quarter revenue warning, signaling that enterprise budget shifts toward AI hardware may be delaying large consulting deals. IBM pre-announced adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing Wall Street estimates of $3.01 and $17.86 billion, respectively. CEO Arvind Krishna attributed the shortfall to a late-June reprioritization of enterprise budgets toward servers, storage, and memory chips, causing numerous large deals to stall. Kyndryl dropped 6.9% and Everforth fell 5.4% as investors treated IBM's delayed deal closures as a bellwether for the broader IT services and consulting group.
Artificial Intelligence › AI Applications & Copilots ▼Demand
IBM · Demand · Negative IBM pre-announced Q2 revenue miss due to enterprise budget shifts toward AI hardware, delaying large consulting deals.
EFOR · Demand · Negative Everforth shares fell 5.4% as investors treated IBM's delayed deal closures as a bellwether for the consulting group, implying similar demand weakness.
KD · Demand · Negative Kyndryl shares fell 6.9% as investors treated IBM's delayed deal closures as a bellwether for IT services, implying similar demand weakness.
IT Services & Other Tech Stocks Beat Q1 Revenue Estimates by 6.8%
The 20 IT services and other tech stocks tracked in this roundup reported a strong first quarter, with aggregate revenues beating analysts' consensus estimates by 6.8% and next-quarter revenue guidance coming in 5.6% above expectations. Cisco posted revenue of $15.84 billion, up 12% year-on-year and exceeding estimates by 1.9%, while Applied Digital delivered the biggest beat among peers with revenue of $126.6 million, up 139% year-on-year and surpassing expectations by 67.3%. IonQ recorded the fastest revenue growth, with revenue of $64.67 million, up 755% year-on-year and beating estimates by 30%. NetApp reported revenue of $1.95 billion, up 12.5% year-on-year and beating estimates by 4.1%. Everforth was the weakest performer, with flat revenue of $968.3 million and next-quarter guidance that missed expectations, sending its stock down 57.8% since the results.
Everforth Stock Drops 63.4% in Six Months, Analysts Recommend Avoiding EFOR
Everforth shares have plunged 63.4% over the past six months to $18.31, driven by soft quarterly results. Analysts cite three reasons to avoid the stock: revenue grew at a sluggish 2.4% compounded annual rate over five years, projected revenue is expected to stall over the next 12 months, and earnings per share declined 2.5% annually over the same five-year period despite the modest revenue growth. The stock trades at 4.8 times forward earnings, but analysts warn of significant downside given weak fundamentals and recommend instead a leading endpoint security platform.
StockStory Highlights Allegion and AbbVie as Value Picks, Flags Everforth as Risky
StockStory identifies two value stocks worth attention and one facing headwinds. Allegion, trading at $128.79 per share with a forward P/E of 14.5x, stands out for its 19.6% operating margin and robust free cash flow margin of 14.5%. AbbVie, at $234.75 per share and a forward P/E of 15.4x, benefits from a $62.82 billion revenue base and a strong free cash flow margin of 35.7%. In contrast, Everforth is flagged as risky due to a 4.6% annual sales decline over two years and a 2.5% annual contraction in earnings per share over five years, with its stock at $17.68 implying a forward P/E of 4.8x.
Kyndryl and Everforth Shares Fall After Fed Holds Rates Steady
Shares of IT services companies Kyndryl and Everforth fell in the afternoon session after the Federal Reserve held its benchmark rate at 3.5%–3.75% and signaled the easing cycle might reverse. Kyndryl dropped 3% and Everforth fell 2.8% as the FOMC message dampened expectations for further rate relief, which had been loosening CFOs' IT budgets for multi-year enterprise transformation contracts. The rate outlook also strengthened the dollar, reducing the value of US-dollar earnings for offshore-heavy firms. Kyndryl's stock is down 54.6% year-to-date and trading 73.3% below its 52-week high of $43.41 from July 2025.