Everpure (formerly Pure Storage) stock surged 11% on Thursday, becoming the top gainer on the S&P 500 after the company announced a significantly improved long-term growth outlook during its 2026 Financial Analyst Meeting. The preliminary fiscal 2028 guidance forecasts revenue between $7 billion and $7.3 billion, indicating a year-over-year increase of 39%-45%, while non-GAAP operating income is projected to rise by 80%-100% to between $1.7 billion and $1.9 billion.
This year, Everpure’s stock has increased nearly 90%, with a remarkable rise of over 270% in the past three years, far surpassing the broader market and many peers in the Zacks Technology Services sector. Despite the positive outlook, the stock is currently valued at over 100X forward earnings, compared to the Zacks Technology Services average of approximately 26X, prompting some analysts to advise caution against chasing the recent rally.
Everpure’s core business includes high-performance data storage solutions aimed at enterprise clients, expanding into markets focused on AI and hyperscale infrastructure. The company’s strong performance reflects a noteworthy opportunity amid increasing demand for data management solutions.
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