Everpure Says It’s at an ‘Inflection Point’ (CORRECTED)
Everpure (NYSE: P) stock jumps premarket on strong FY28 outlook, AI expansion, and reaffirmed FY27 guidance up to $5.07B.
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Everpure Lands Major Hyperscaler Deal, Stock Soars
Everpure secures another major hyperscaler design win and supply agreement, with revenue expected from fiscal 2028 as demand for AI storage accelerates.
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Guggenheim Maintains Buy on Everpure, Raises Price Target to $215
Everpure Stock Surges 147% in Six Months: Is It Still a Buy?
Everpure shares have surged 147% over six months, driven by strong enterprise demand, growing subscription revenues, and AI/hyperscale opportunities. However, the stock's premium valuation of 39.25X forward P/E (vs. industry 20.05X) leaves limited room for execution missteps. While fundamentals remain solid with 38% revenue growth and expanding recurring revenues, investors are advised to hold rather than buy at current levels due to valuation concerns, cost pressures, and negative free cash flow.
Top Storage Stock to Buy With $500 Right Now
Everpure (formerly Pure Storage) is recommended as a top storage stock pick, with AI-driven demand accelerating revenue growth to 38% year-over-year. The company's software-based flash storage approach delivers superior price performance, and a recent hyperscaler deal is expected to generate significant revenue from fiscal 2028 onward. Trading at a reasonable 1.16x PEG multiple, the stock carries volatility risk from potential flash price reversals.