Everpure Surges 14-16% After FY28 Revenue Guidance of Up to $7.3B Crushes Wall Street Estimates

Everpure, formerly Pure Storage, jumped as much as 16% on September 24 and hit an all-time high of $119.20 after the data-storage company issued a sweeping fiscal 2028 revenue outlook at its annual analyst day that far exceeded consensus expectations. The company guided FY28 revenue to $7.0 billion to $7.3 billion, representing growth of 39% to 45% year over year, against Wall Street's prior estimate of roughly $6.19 billion to $6.2 billion.

For the current fiscal year, Everpure reaffirmed its revenue guidance of $5.0 billion to $5.07 billion. Looking further out, the company said newer growth areas including Scale AI, Modern Data Software and Hyperscale Solutions could collectively account for approximately 20% of revenue by fiscal 2030. Analysts broadly raised price targets in response, citing stronger growth prospects, expanding margins and opportunity in hyperscale markets.

The rally drove elevated options activity in the stock, with Everpure appearing on several options-volume watch lists during the session. The company also filed a Form 8-K with regulators on September 24 corresponding to the analyst day disclosures.