Everpure, Inc.

Everpure announced new platform capabilities extending its Data Primacy vision, including native MCP integration, AI-optimized FlashBlade acceleration, and privacy-first data intelligence tools aimed at simplifying and securing enterprise data management for AI workloads. The company said the upgrades bring high-performance AI execution directly to data at the source while classifying sensitivity and access in real time, positioning its platform as a central control layer for both AI cost management and cyber resilience. Everpure said the near-term catalysts remain execution on its FY2027-2028 revenue guidance and uptake of newer software-led offerings. Eight Simply Wall St Community valuations for Everpure span roughly US$84 to over US$370 per share. The company faces a rich sales multiple, recent insider selling, a volatile share price, and index reshuffling.

Akamai shares surged about 13% in after-hours trading after Anthropic struck a $12 billion deal with the company for AI computing, with Akamai also discussing longer-term capital expenditure plans. The move made Akamai the biggest after-hours mover, climbing roughly 14%. In the regular session, Oracle fell 3.5% after sending a force majeure notice to a project developer, a unit of Blue Owl Capital, regarding a massive data center being built in New Mexico, a step tied to meeting power commitments that could delay rent for Oracle even as it would still owe the rent for the full lease term once payments begin. GoDaddy rose about 4.6% after the Financial Times reported that Gen Digital, the maker of Norton 360 antivirus, made an offer for the company in a deal that would roll up a number of major legacy software brands, though the talks are in early stages and may not lead to a deal; Gen Digital shares fell more than 12%. MGM Resorts dropped 11% after Barry Diller's People Inc dropped plans to acquire the rest of the casino giant, with Diller saying the mix was not coming together as hoped. Everpure was the top S&P 500 gainer, closing up about 11% after the data storage company forecast 2028 revenue above the average analyst estimate, drawing price target hikes from Citi to 160 from 130 a share and from B of A to 180 from 150 a share.

Everpure reaffirmed its fiscal year 2027 guidance and introduced a preliminary outlook for fiscal year 2028, sending shares of the data storage solutions provider up 5.5% in pre-market trading. The company maintained its fiscal year 2027 expectations for revenue between $5.03 billion and $5.07 billion, alongside non-GAAP operating income projected between $940 million and $960 million. For fiscal year 2028, Everpure anticipates revenue between $7.0 billion and $7.3 billion, with non-GAAP operating income reaching between $1.7 billion and $1.9 billion, nearly doubling the operating earnings targeted for fiscal year 2027. The stock is up 81.3% since the beginning of the year and, at $124.71 per share, has set a new 52-week high.

Barry Diller's People withdrew its proposal to buy MGM Resorts International, sending the casino giant's shares down more than 9% in premarket trading. Diller said, "We didn't feel the mix was coming together in the way we had hoped," but expressed his faith in the company, in which he still holds 66.8 million shares. Darden Restaurants shed 6.6% after its fiscal first-quarter earnings of $2.05 per share came in line with estimates, while revenue of $3.20 billion fell just shy of the $3.21 billion expected from analysts polled by FactSet; the company also reaffirmed its full-year guidance. BlackBerry added 2% after reporting adjusted earnings of 7 cents per share, topping the 4 cents expected, on revenue of $163.3 million versus the $142.5 million consensus estimate. Meta slipped 2% following its nearly 12% move higher so far this week on optimism around its Muse AI agent, after CEO Mark Zuckerberg introduced the company's $1,299 Meta VR Glasses and Muse Charm, its handheld device that works with Muse, late Wednesday. Knife River rose 5% following a Wall Street Journal report that activist investor Starboard Value has acquired a substantial equity interest in the construction materials and contracting services company, reportedly pushing for improved margins or a potential sale, while Everpure moved 6.7% higher on positive takeaways from its financial analyst meeting and preliminary 2028 guidance of $7 billion to $7.3 billion in revenue, topping the $6.19 billion anticipated from analysts polled by FactSet.

Everpure outlined four strategic growth vectors and issued a preliminary fiscal year 2028 outlook at its 2026 Financial Analyst Meeting, reaffirming its fiscal year 2027 revenue and operating income guidance. The company said its three new growth vectors — Modern Data Software, Scale AI, and Hyperscale Solutions — are expected to represent approximately 20% of total revenue by fiscal year 2030, alongside a Core and Core AI business projected to keep gaining market share. For fiscal year 2027, Everpure reaffirmed revenue of $5.03B to $5.07B, up 37% to 38% year over year, and non-GAAP operating income of $940M to $960M, up 48% to 51%. Its preliminary fiscal year 2028 outlook calls for revenue of $7.0B to $7.3B, up 39% to 45%, and non-GAAP operating income of $1.7B to $1.9B, up 80% to 100%. Chief Executive Officer Charlie Giancarlo said a decade of investment in an integrated, extensible architecture has created a structurally higher growth baseline, while Chief Financial Officer Tarek Robbiati said the financial profile is durably resetting to levels well above Rule of 40. Everpure also said it has dedicated an average of 19% of annual revenue to R&D on a non-GAAP basis over the past five years and has posted eight consecutive quarters of accelerating revenue growth.

Everpure lifted its fiscal 2027 revenue guidance to $5.03-$5.07 billion from a prior range of $4.41-$4.51 billion, with the $5.05 billion midpoint matching the Zacks Consensus Estimate. The company also raised its expected adjusted operating income growth rate to 48-51% from 29-36%. On Aug. 10, 2026, Everpure announced a design win and signed a supply agreement with the second top-five hyperscaler for its hyperscale products, a deal expected to generate substantial revenues in fiscal 2028 and beyond; hyperscale product deployments carry margins of 75-85%. In the first quarter of fiscal 2027, the company added 275 new customers and 223 logos in its commercial business, with Fortune 500 penetration at 64%, and Evergreen//One's total contract value reached a $1-billion run rate for fiscal 2027. Everpure stock has gained 34.3% over the past six months, outpacing the industry's 11.2% decline, and carries a Zacks Rank #3 (Hold).

Everpure, the data storage and management company, announced it will join the S&P 500 index, effective before trading opens on Monday, September 21, 2026. The addition reflects the company's evolution and disciplined execution, according to Chief Financial Officer Tarek Robbiati, who said the milestone validates the team's progress and the capital markets' confidence in its strategy. The S&P 500, a benchmark for U.S. large-cap equities, includes 500 leading companies selected based on market capitalization, liquidity, and financial performance. Everpure, listed on the NYSE under the ticker P, helps organizations make their data AI-ready with its storage platform.

U.S. stock futures fell early Tuesday, with Dow futures down 0.8%, S&P 500 futures down 0.3%, and Nasdaq-100 futures down 0.1%, as markets reopened after the Labor Day holiday amid U.S.-Iran tensions and U.S.-Canada trade disputes. Energy stocks rose in premarket trading after Iran warned it could target Gulf oil and gas infrastructure, with Exxon Mobil up 1.8%, Chevron up 1.7%, ConocoPhillips up 1.6%, Diamondback Energy and Marathon Petroleum each up 1.1%, and Valero Energy up 1.6%. Eaton shares gained more than 3% after UBS upgraded the stock to Buy from Neutral and raised its price target to $515 from $450, citing strong sales growth and expected margin improvement. Everpure rose 2.5% after being added to the S&P 500, replacing Builders FirstSource, while Shake Shack rose about 1% after RBC initiated coverage with an Outperform rating and an $89 price target. Old Dominion Freight Line climbed 1.3% after reporting revenue per day rose 12.4% in August compared with the same month last year.

S&P Dow Jones Indices announced that Bloom Energy, Everpure, and Illumina will join the S&P 500 before trading begins Monday, September 21, replacing Molson Coors Beverage, Trade Desk, and Builders FirstSource. Bloom Energy, the largest incoming company with a market capitalization of $74 billion, supplies fuel-cell systems for data centers and industrial facilities, offering exposure to AI-driven power demand. Everpure provides data-storage systems and software, while Illumina makes gene-sequencing tools. All three stocks have gained at least 40% in 2026. Index funds and ETFs tracking the benchmark must buy the new constituents and sell the departing companies, potentially boosting volume and price moves near the effective date. A parallel S&P 100 reshuffle will add Dell, Palo Alto Networks, Arista Networks, and SanDisk, while removing Honeywell Aerospace, Nike, Simon Property Group, and Colgate-Palmolive.

Everpure's stock has surged 41.9% in six months, outperforming the industry's marginal decline and the Zacks S&P 500 Composite's 11.4% rise. The company's fiscal 2027 revenue guidance was raised to $5.03-$5.07 billion, exceeding the Zacks Consensus Estimate of $4.97 billion, with adjusted operating income growth expected at 48-51%. Everpure holds $3.3 billion in current assets against $2.2 billion in current liabilities, and management projects free cash flow of $600-$800 million. Risks include component cost inflation and hyperscaler order volatility, but the company's $1 billion in cash and marketable securities provides a buffer. Everpure currently holds a Zacks Rank of #3 (Hold).

Everpure reported second-quarter fiscal 2027 revenue growth of 38% year-over-year, with operating profit surging 77% to $230 million, and raised its full-year revenue guidance by more than $500 million to a range of $5.030 billion to $5.070 billion. The company also announced a design win and supply agreement with a second top 5 hyperscaler, with significant revenue expected to begin in fiscal year 2028. Evergreen//One total contract value accelerated to a $1 billion annualized run rate, and subscription services revenue grew 20% to $499 million. For the third quarter, Everpure expects revenue between $1.325 billion and $1.335 billion, representing about 38% growth year-over-year at the midpoint.

In premarket trading, Nvidia shares surged over 7% after the AI infrastructure company beat expectations on both lines in the second quarter, reporting adjusted earnings of $2.22 per share and revenue of $96.22 billion, against analyst consensus of $2.10 per share and $92.17 billion, with third-quarter revenue guidance of $108 billion also exceeding forecasts. Dollar General jumped 12% after raising its full-year earnings guidance to between $7.80 and $8.00 per share, up from a prior range of $7.20 to $7.45, and announced plans to repurchase shares in the second half of its fiscal year ending January 29, 2027. HP dropped nearly 11% despite beating fiscal third-quarter estimates and providing above-consensus full-year guidance. Salesforce rose nearly 12% after reporting adjusted earnings of $5.90 per share, well above the LSEG estimate of $3.27. Okta climbed over 19% on second-quarter results that beat expectations, with adjusted earnings of $1.05 per share on revenue of $805 million, and raised its full-year guidance. CrowdStrike gained nearly 10% after its second-quarter results beat on revenue and earnings, with full-year guidance also topping estimates. Everpure rose nearly 3% after Bank of America upgraded it to buy from neutral, citing positive estimate revisions and revenue growth from internal hyperscaler use. Abercrombie & Fitch fell 1.4% after Citi downgraded it to neutral from buy, citing limited upside after a strong run.

Everpure reported quarterly earnings of $0.7 per share, beating the Zacks Consensus Estimate of $0.59 per share and surpassing the year-ago figure of $0.43 per share. This represents an earnings surprise of +18.64%, and the company has topped consensus EPS estimates in three of the last four quarters. Revenues for the quarter ended July 2026 came in at $1.19 billion, exceeding the consensus estimate by 8.33% and up from $861 million a year ago, marking the fourth consecutive quarter of revenue beats. Everpure shares have gained about 53.4% year-to-date, outperforming the S&P 500's 12.2% rise. The company's earnings outlook remains mixed, with a Zacks Rank #3 (Hold), and the current consensus EPS estimate is $0.66 on $1.15 billion in revenues for the coming quarter, and $2.48 on $4.52 billion for the fiscal year.

Everpure reported second-quarter fiscal 2027 non-GAAP EPS of $0.70, beating estimates by $0.12, and revenue of $1.2 billion, up 39.4% year-over-year and $100 million above expectations. Product revenue rose 54% to $687 million, while subscription services revenue grew 20% to $499 million. Subscription annual recurring revenue reached $2.1 billion, up 20%, and remaining performance obligations totaled $4.1 billion, up 44%. The company posted a GAAP operating loss of $63 million and non-GAAP operating income of $230 million, with free cash flow of $(238) million. Everpure ended the quarter with $1.0 billion in cash and returned approximately $69 million to stockholders through share repurchases.

Plug Power shares surged 13.7% in premarket trading after the company reported second-quarter fiscal 2026 results that beat estimates and raised its full-year revenue growth guidance. Revenue reached $178.30 million versus the $169.12 million consensus, while adjusted loss per share of $0.07 was narrower than the $0.08 expected. Gross loss shrank 96.87% year over year to $1.68 million, and service revenue hit roughly $30 million at a 27% positive margin, a company first. Management lifted full-year 2026 revenue growth guidance to a range of 15% to 16% and reiterated its target of positive EBITDAS in the fourth quarter. Separately, Everpure gained 7.5% premarket after announcing a design win and supply agreement with a second top-five hyperscaler, building on its late-2024 landmark hyperscaler deal.

Morgan Stanley analyst Erik Woodring says enterprise hardware stocks exposed to server and storage themes have further upside to earnings estimates as memory chip prices keep rising. Woodring notes enterprises are accelerating purchases of PCs, servers and storage arrays to lock in favorable prices and limit supply shortages, calling the trend a multi-year structural headwind. He highlights Hewlett Packard Enterprise, Everpure, TD Synnex and Lenovo as bullish picks. JPMorgan strategist Jay Kwon separately estimates the memory chip shortage will last at least two years, with demand broadening from GPU to CPU and remaining a key source of potential upward revisions. Sandisk CEO David Goeckeler said on his earnings call that the company has over four years of demand visibility.

StockStory identifies Everpure as a resilient business services stock with exciting potential, while recommending investors avoid Applied Digital and WEBTOON Entertainment. Everpure, with a market cap of $25.61 billion, has compounded earnings per share at 61.1% annually over the past five years and generates strong free cash flow. Applied Digital, valued at $8.14 billion, faces concerns over its modest $355.5 million revenue base, cash-burning history, and potential shareholder dilution. WEBTOON Entertainment, with a $1.54 billion market cap, shows sluggish monthly active user trends, a 73.5% annual decline in earnings per share over two years, and a negative free cash flow margin of -0.6% over the last four years.

Shares of hardware and infrastructure companies Everpure and NetApp rose sharply after IBM issued a revenue warning that indicated enterprise IT budgets are pivoting toward server and memory purchases. IBM pre-announced adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing Wall Street estimates, with CEO Arvind Krishna attributing the shortfall to clients suddenly reallocating capital expenditure toward servers, storage, and memory in late June. The news sent Dell Technologies and Hewlett Packard Enterprise higher, while IBM dropped, highlighting a divergence between hardware vendors and traditional software or consulting providers. Everpure jumped 3.8% and NetApp surged 6.4% as analysts at Morgan Stanley noted the dynamic suggests strong enterprise demand for physical infrastructure driven by hardware refresh cycles and AI-related compute shortages. However, the surge may partly reflect short-term panic-buying ahead of expected price increases, and the durability of the trend will depend on sustained backlog growth in upcoming quarterly reports from Dell and HPE.

Billionaire hedge fund manager Israel Englander sold 1.1 million shares of memory-chip maker Sandisk, cutting his position by 24%, and bought 343,000 shares of data storage company Everpure, increasing his stake by 60%, in the first quarter. Sandisk, which designs NAND flash memory products and has shifted focus to enterprise solid-state drives for AI infrastructure, saw its stock surge 3,600% over the past year, while Everpure shares rose 36%. Sandisk reported a 251% revenue increase to $5.9 billion in its fiscal third quarter, but analysts expect memory chip sales to decline in 2028, making its valuation of 56 times earnings appear expensive. Everpure, recognized by Gartner as a leader in enterprise storage platforms, posted a 35% revenue rise to $1.1 billion and a 62% increase in non-GAAP net income per share to $0.47 in its fiscal first quarter, with Wall Street projecting 21% annual earnings growth through fiscal 2028, giving it a more reasonable valuation of 36 times earnings.

Supermicro announced a collaboration with Red Hat and Everpure to launch Kubernetes Edge AI appliances, a turnkey package that combines hardware and software to simplify edge AI deployments. Supermicro provides the hardware foundation, Red Hat OpenShift serves as the cloud container platform, and Everpure's Portworx supplies data services. The solution is validated as a full-stack edge Kubernetes system, aiming to accelerate time-to-revenue and enable efficient scaling of AI workloads across distributed environments. Executives from all three companies emphasized the integrated, enterprise-grade nature of the offering, designed to address infrastructure gaps in locations like retail stores or factory floors.

Activist hedge fund Jana Partners has built a significant new position in Everpure, with a regulatory filing expected soon. Jana reportedly owns more than one million shares and has requested confidential treatment, suggesting it has been quietly accumulating the stake. The move signals potential efforts to influence Everpure's direction, with the market reacting positively as shares rose 8% to 10% on the news. Everpure's stock has gained 37.8% over the past year and 304.1% over five years, though recent insider selling and removal from Russell indices add a governance layer for investors to consider. Attention now turns to the upcoming filing for details on Jana's exact stake and intentions, as well as management's response.

Everpure ended the first quarter of fiscal 2027 with a cash balance of $1.5 billion and a net-cash position that eliminates short-term liquidity risk, supported by a current ratio of 1.62. Excluding $1.2 billion in deferred revenues, the adjusted current ratio rises to 4.79, while remaining performance obligations of $3.8 billion underscore future cash stability. Subscription annual recurring revenues surged 19% year-over-year to $2 billion, and free cash flow reached $112 million on $180 million in operating cash flow. In contrast, Nutanix holds $2 billion in cash but carries $1.3 billion in long-term debt and negative total shareholder equity of $725 million, while Rubrik has $1.7 billion in cash against $1.1 billion in long-term debt and negative equity of $481 million, with subscription ARR of $1.6 billion trailing Everpure's position.

ePlus has been recognized as Services Partner of the Year by Everpure at the annual Accelerate Partner Forum in Las Vegas. The award honors ePlus for its Storage-as-a-Service offering leveraging Everpure Evergreen//One, a flexible, managed, consumption-based storage model that allows organizations to pay only for the capacity they use. Ken Farber, president of ePlus software, strategy, alliances and marketing, said the recognition reflects the difference their services make for customers by providing creative access to needed technology. Everpure VP of Global Partner Sales Ricardo Moreno praised the winners as master architects expanding across the portfolio and delivering elevated value.

StockStory identifies Everpure as a mid-cap stock with exciting potential, citing its steady annual recurring revenue trends, 61.1% annual earnings per share growth over five years, and a robust 17.5% free cash flow margin. In contrast, the firm flags Tapestry and Ryder as facing headwinds. Tapestry is challenged by weak constant currency growth, an operating margin of 14.4% below the industry average, and eroding returns on capital. Ryder struggles with 3% annual revenue growth over two years, a gross margin of 19.7%, and negative free cash flow. Everpure trades at 27.3 times forward earnings, Tapestry at 19.2 times, and Ryder at 17.2 times.

StockStory highlights three companies with strong free cash flow margins that excel at turning cash into shareholder value. CrowdStrike has a trailing 12-month free cash flow margin of 28%, with billings growth averaging 24.9% over the last year. Cintas posts a free cash flow margin of 16.2%, supported by annual revenue growth of 9.8% over five years and share buybacks boosting earnings per share growth to 16.4%. Everpure reports a free cash flow margin of 13.1%, with earnings per share growing 61.1% annually over five years.

Everpure has been highlighted by Zacks Investment Research as a growth stock worth attention, earning a Growth Score of B and a Zacks Rank #2. The data storage company's earnings per share are projected to grow 24.9% this year, well above the industry average of 16.4%, while its historical EPS growth rate stands at 39.5%. Year-over-year cash flow growth is 19.5%, compared to an industry average of negative 5.8%, and its annualized cash flow growth rate over the past three to five years is 44.5% versus the industry's 11.7%. The Zacks Consensus Estimate for current-year earnings has surged 28.1% over the past month, reflecting positive revisions that support the stock's favorable ranking.

Everpure, Inc. is trading at a 12-month forward price-to-earnings multiple of 26.83X, exceeding the industry average of 21.98X. The company's return on equity stands at 53.2%, significantly higher than the industry average of 12.3%, and it carries no long-term debt. In the first quarter of fiscal 2027, Everpure reported a net income margin of 15.5%, up 300 basis points year over year, while total subscription revenues and contract value sales for storage-as-a-service rose 17% and 73%, respectively, driving a 35% increase in the top line. Competitors Xylem and A. O. Smith trade at forward P/E multiples of 19.16 and 14.7, with ROEs of 11.3% and 28.4%, respectively. Everpure's stock has gained 37.4% over the past year, and the Zacks Consensus Estimate for fiscal 2027 and 2028 earnings has moved up 1.1% over the last 30 days, with the stock carrying a Zacks Rank of 2, or Buy.