Everpure Stock Surges Up to 16% After FY28 Revenue Guidance Crushes Wall Street Estimates

Everpure, the data-storage company formerly known as Pure Storage, surged as much as 16% on Thursday and hit an all-time high of $119.20 after unveiling fiscal 2028 revenue guidance of $7.0 billion to $7.3 billion at its annual analyst day, representing growth of 39% to 45% year over year and far exceeding the prior Wall Street consensus estimate of $6.19 billion.

The company reaffirmed its current-year revenue outlook of $5.0 billion to $5.07 billion and projected that profit would nearly double by fiscal 2028. Everpure also signaled that newer growth areas, including Scale AI, Modern Data Software, and Hyperscale Solutions, could collectively reach approximately 20% of total revenue by fiscal 2030.

Analysts responded broadly positively to the guidance, raising price targets and pointing to stronger growth prospects, expanding margins, and opportunities in hyperscale markets. The results highlighted how AI infrastructure demand continues to drive accelerating growth for data-storage companies, with Everpure's raised outlook reinforcing confidence in that long-term trajectory. Option volume in the stock was also flagged as expected to increase meaningfully following the announcement.