Everpure stock P gained 13% on Thursday, making the data-storage company the S&P 500’s leading gainer in the session.
The move comes after Everpure was added to the S&P 500 earlier this month and as investors assess the company’s longer-term growth outlook.
The company reaffirmed its fiscal 2027 revenue guidance and provided preliminary fiscal 2028 targets that came in above analyst consensus.
Everpure maintains fiscal 2027 guidance
Everpure reaffirmed fiscal 2027 revenue guidance of $5.03 billion to $5.07 billion, representing year-over-year growth of 37% to 38%.
The company also expects non-GAAP operating income of $940 million to $960 million.
For fiscal 2028, Everpure expects preliminary revenue of $7 billion to $7.3 billion, representing growth of 39% to 45%.
Non-GAAP operating income is projected at $1.7 billion to $1.9 billion, up 80% to 100% from the previous year.
The outlook has prompted several analysts to raise their estimates.
Bank of America said its fiscal 2028 revenue and operating income estimates were about 10% and 40% above consensus, respectively, while still describing those forecasts as conservative.
Northland said the midpoints of Everpure’s preliminary fiscal 2028 revenue and operating profit outlooks were 16% and 36% above consensus.
Morgan Stanley also raised its fiscal 2028 and 2029 EPS estimates by 15% and 30%, respectively. The firm now expects 35% revenue growth and 43% EPS growth through 2029.
Company expands beyond core storage
Everpure’s growth strategy now covers four areas: Core and Core AI, Modern Data Software, Scale AI and Hyperscale Solutions.
The company expects the latter three areas to account for roughly 20% of revenue by fiscal 2030, expanding its business beyond traditional enterprise storage.
CEO Charlie Giancarlo said Everpure is at an “inflection point” as its technology expands into enterprise data management and hyperscaler solutions.
TD Cowen’s Krish Sankar said the company is entering a different phase, with larger deals and a value proposition extending beyond storage into areas such as data architecture.
Sankar also pointed to hyperscale solutions as a potential growth driver. He described hyperscalers as “becoming a core growth engine” and said the development signals “a broader organizational inflection.”
Everpure said it has delivered eight consecutive quarters of accelerating revenue growth and has invested an average of 19% of annual revenue in research and development over the past five years.
Analysts highlight storage and hyperscale opportunity
Evercore ISI’s Amit Daryanani said Everpure’s growth could remain durable from a larger base while margins expand through changes in business mix rather than core pricing.
Morgan Stanley’s Erik Woodring said investors had previously questioned whether Everpure’s recent growth trends could continue. He said those concerns should reverse following the company’s longer-term outlook.
Everpure estimates that its total addressable market for all-flash and related technologies could nearly quadruple to more than $200 billion by 2030.
Woodring also highlighted the possibility of Everpure reaching “Rule of 60” status next calendar year, where revenue growth plus operating margins reach at least 60%.
He noted that Microsoft, Oracle, Palantir Technologies and AppLovin are among the software companies expected to reach that level.
Piper Sandler continues to include Everpure among its top five picks, citing the shift toward all-flash storage, product advantages, market-share gains, the “Year of Refresh” and hyperscaler momentum.
Citi also described the company as being at an “inflection point,” pointing to its storage intellectual property and expanding data-management opportunities across enterprises, hyperscalers and neoclouds.
The post Why this data storage company jumped 13% and become S&P 500’s top gainer today appeared first on Invezz
