Everpure NYSE: PSTG, the tech company formerly known as Pure Storage, has become a key beneficiary of the artificial intelligence (AI) data center boom. Over the past three years, shares have gained more than 150%. Still, the stock has faced big-time volatility. In nine of Everpure’s last 12 earnings releases, shares have swung up or down by at least 10% the next day. Four of those moves have been to the upside, while five have been to the downside.
After the company’s latest report, Everpure got the short end of the stick, seeing its shares drop by 10% in response. This came even though the company beat estimates and issued better-than-expected guidance.
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On the one hand, Everpure is experiencing strong and accelerating growth, having just achieved $1 billion in quarterly revenue for the first time. On the other hand, soaring memory chip prices and strategic shifts are clouding the company’s outlook.
Let’s break down these dynamics to gain an updated perspective on Everpure going forward.
PSTG Cements Shift Into Data Management and Intelligence as Everpure First off, it is important to understand why Everpure changed its name from Pure Storage, as it signals the firm's strategic trajectory. The company started out by providing high-performance data storage hardware. Its all-flash systems offered huge speed and efficiency improvements over traditional hard disk drive (HDD) storage.
The company’s Purity operating environment offers a unified platform for managing all of its storage hardware. Additionally, the company’s hardware and software are fully upgradable. If a customer buys a storage array, they can repeatedly upgrade for years as technology improves without having to buy a completely new system. This early focus, primarily as a storage provider, led to the name Pure Storage.
The company’s focus on speed, operating efficiency, and upgradability allowed it to gain significant share in the enterprise data market.
Everpure says that since 2013, it has gained 13% market share. Meanwhile, legacy competitors like Dell Technologies NYSE: DELL and International Business Machines NYSE: IBM have lost significant share.
However, the company has continually added layers of software over the years to transition from a data storage company to a data management company. Its acquisition of 1touch, announced alongside the name change, highlights this. The company says that 1touch will allow its customers to “better understand the meaning of their data and unlock its strategic value through AI and other applications."
Thus, the company wants to help customers not only store their data but also understand how to use it in deploying AI. By removing “storage” from their name, they are signaling their shift to a more complete data management and intelligence platform. As enterprise AI usage becomes increasingly important, Everpure’s expanding solution set can help it take a larger share of the overall AI pie.
Revenues Soar, But Memory Chip Shortage Weighs on PSTG Many parts of Everpure’s business are moving in the right direction. Revenue rose by over 20% in the latest quarter, exceeding estimates and having accelerated for five quarters in a row. Furthermore, Everpure’s midpoint revenue growth guidance of 19% for its full fiscal year 2027 exceeded estimates. The company has a large customer in Meta Platforms NASDAQ: META and is in talks to bring other hyperscalers in as clients.
However, memory chips are a key cost for the firm, and prices of these components have soared amid the ongoing shortage. As a result, Everpure faces margin uncertainty going forward. Next quarter, the firm sees its product gross margin coming in at the lower end of its typical range between 65% and 70%.
The company indicated confidence, saying it expects gross margins to improve through the rest of the year. However, it also noted that pricing visibility in the memory chip market is "non-existent." This leads to concerns that Everpure’s gross margin outlook may be overly optimistic.
Still, the firm is doing several things to fight back against surging memory costs. For example, it recently announced a 20% price increase, and didn’t rule out further hikes. Additionally, when hyperscalers work with Everpure, they purchase memory components directly from suppliers, limiting the company’s exposure to further price increases. Still, gross margin uncertainty was one of the key reasons Everpure's stock fell significantly after earnings despite the company’s strong growth.
AI Demand: PSTG’s Double-Edged Sword While AI demand is driving increased customer interest for Everpure, it has also led to a memory chip shortage, which is currently a headwind for the firm.
Everpure’s business clearly has momentum, and its potential to add more hyperscaler customers provides upside catalysts. Its move toward broader data solutions can also give it the ability to offer a more comprehensive suite of solutions as the AI revolution progresses.
Still, memory headwinds could result in further downward pressure on shares. Notably, the stock trades at a forward price-to-earnings ratio of approximately 26x, more than 10% below its three-year average of nearly 31x.
The MarketBeat consensus price target on Everpure sits near $94.50, a number that suggests the stock could rise by more than 50%. After Everpure’s earnings, the majority of analyst updates tracked by MarketBeat were price target hikes. However, in aggregate, the average price target among analysts was essentially unchanged, ticking up from $78.50 to $78.75. While substantially lower than the consensus target, this figure still implies strong upside potential of over 25%.
Overall, Everpure is far from a low-risk stock, but it is also one that has the potential to generate significant long-term gains as it converges data storage with data intelligence.
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Key Takeaways PSTG is seeing strong AI and enterprise demand, with 600 customers adopting Fusion within a year of launch.Hewlett Packard is expanding generative AI offerings with NVIDIA and has 50,000 GreenLake customers.PSTG expects fiscal 2027 revenue of $4.3B-$4.4B, implying about 18.8% year-over-year growth. Everpure, Inc. and Hewlett Packard Enterprise Company (HPE - Free Report) are two prominent players in the enterprise storage market, though they approach the industry from different strategic positions. Everpure focuses primarily on modern, all-flash data storage platforms designed to support high-performance workloads, such as AI, analytics and cloud-native applications. Its offerings combine hardware, software and services, with key technologies like the Evergreen architecture enabling continuous, non-disruptive upgrades and flexible consumption models. This approach helps enterprises modernize data infrastructure while reducing the complexity of traditional storage refresh cycles.
Hewlett Packard Enterprise, by contrast, provides a broader enterprise IT portfolio that includes servers, networking and storage solutions. Its storage lineup, such as the Alletra, Primera and Nimble platforms, aims to deliver intelligent, hybrid-cloud-ready infrastructure with AI-driven management and high availability for mission-critical workloads. Integrated with the GreenLake consumption model, HPE’s storage solutions are designed to deliver cloud-like operations across on-premises and hybrid environments, enabling organizations to manage and scale data more efficiently.
These companies represent two different strategies in enterprise storage: Pure Storage’s specialized, flash-first innovation versus HPE’s broader edge-to-cloud infrastructure ecosystem.
For investors aiming to make a strategic play in enterprise storage, which stock emerges as the most compelling choice?
Let’s evaluate their fundamentals, growth prospects, market challenges and valuations to determine which one presents a stronger investment opportunity.
The Case for PSTGEverpure is benefiting from strong enterprise demand, accelerating AI adoption and growing hyperscale momentum. Its Enterprise Data Cloud (EDC) architecture continues to gain traction, with more than 600 customers adopting Fusion within a year of its launch. Management noted that focused investments in enterprise capabilities are driving stronger demand and growth. The company also stated that it can now support practically all enterprise storage needs across performance tiers, workloads and protocols through its unified Purity operating environment, DirectFlash architecture and Evergreen platform.
Recently, Everpure advanced its EDC vision with the introduction of ActiveCluster support for file, a capability designed to enable policy-driven mobility across an organization’s storage fleet. Everpure has strengthened its hyperscale position through a partnership with SK hynix to deliver advanced QLC flash storage optimized for large data centers. On the last earnings call, the company announced a definitive agreement to acquire 1touch, extending its EDC into data discovery, classification, contextualization and enrichment.
AI-driven solutions are supporting Everpure’s growth momentum. FlashBlade//EXA, built for AI-scale workloads, delivered industry-leading MLPerf benchmark results and topped the SPECstorage AI Image benchmark. In the fourth quarter, the company secured its first EXA customer and is currently in advanced discussions with several additional prospects, reflecting strong early demand.
Hyperscale performance surpassed expectations in fiscal 2026 as Everpure expanded its solution portfolio and streamlined its financial structure. The company expects hyperscaler shipments and revenues to accelerate in fiscal 2027, with most contributions likely in the second half. Hyperscaler gross margins are projected at 75–85%, which should support overall company margins, while engineering test environments are already underway with multiple hyperscale customers.
Everpure is also gaining from robust momentum in its subscription and recurring revenue streams. For first-quarter fiscal 2027, it expects revenues of $990 million-$1.01 billion, up about 28% year over year at the midpoint. PSTG has entered fiscal 2027 with strong momentum and expects 47% of revenues in the first half, up two points year over year. At the midpoint, revenue expectations of $4.3–$4.4 billion suggests 18.8% year-over-year growth, with operating profit of $780–$820 million expected to rise about 26%.
However, the company is grappling with macroeconomic uncertainty, which is likely to continue. AI-driven infrastructure demand has outpaced supply across the industry, leading to sharp increases in NAND, memory and CPU prices, along with component shortages, longer lead times and potential shipment delays. Although the company benefits from long-term supply agreements and a diversified supply chain, it acknowledged that visibility remains limited amid rapidly changing market conditions.
Also, rising component costs have weighed on the company’s near-term margins. To offset higher input expenses, Everpure implemented an average product price increase of about 20% on Feb. 9. It expects first-quarter product gross margins to remain at the lower end of the typical 65–70% range before improving later in the fiscal year. Additionally, the planned acquisition of 1touch is projected to reduce operating profit by about 1.5% in fiscal 2027, though it is expected to become accretive within the following 24 months.
The Case for HPEHewlett Packard Enterprise is expanding its presence in generative AI through deeper collaboration with NVIDIA. The companies are developing an enterprise computing solution that combines full-stack AI tuning and inferencing capabilities to simplify the development and deployment of generative AI applications. The solution will allow organizations to customize foundation models using private data and deploy AI applications across environments, from edge to cloud. With pre-configured AI solutions, HPE aims to accelerate enterprise adoption of generative AI and strengthen its position in the fast-growing market.
HPE is also benefiting from strong demand for its edge-to-cloud platform, GreenLake, as enterprises accelerate digital transformation. The company ended the first quarter of fiscal 2026 with more than 50,000 customers on the platform, which offers a flexible pay-per-use cloud experience and improved visibility across hybrid environments. Strategic acquisitions such as Morpheus Data and OpsRamp have further strengthened GreenLake’s capabilities in hybrid cloud automation and IT operations management, positioning HPE to capitalize on the growing adoption of cloud services.
The company has been actively pursuing acquisitions to strengthen its high-margin hybrid IT strategy that combines on-premises infrastructure with cloud capabilities. The Juniper Networks acquisition highlights HPE’s focus on strengthening its networking portfolio and targeting faster-growing segments in AI, cloud and hybrid infrastructure. By combining Juniper’s AI-native networking expertise with HPE’s broader portfolio, the company aims to enhance its competitive position and expand high-margin networking solutions. The deal is also expected to deliver operating efficiencies, including annual cost synergies of about $450 million within three years, while HPE targets reducing leverage to roughly 2x within two years through disciplined capital allocation.
For the second quarter of fiscal 2026, HPE expects revenues in the range of $9.6 billion to $10.0 billion. For fiscal 2026, HPE reaffirmed its revenue growth outlook of 17-22% and raised its expectations for the Networking segment to 68-73% growth.
However, Hewlett Packard Enterprise is facing several near-term challenges, including softer IT spending amid macroeconomic uncertainty. Higher interest rates and inflation are weighing on consumer demand, while many enterprises are delaying large IT investments due to a weakening global economy and geopolitical tensions. In addition, longer sales cycles are extending the time required to close deals, while execution challenges in certain business units are creating further pressure on revenue growth.
The company also operates in a highly competitive environment, facing strong rivals across its core segments. Intense competition on technology, innovation, pricing and reliability increases pricing pressure and could weigh on margins. Moreover, with more than 60% of revenues generated outside the United States, fluctuations in foreign exchange rates, particularly a stronger U.S. dollar, can negatively impact reported revenues. Ongoing trade tensions between the United States and China also remain a potential risk to the company’s business environment.
Price Performances & Valuations of PSTG & HPEIn the past three months, PSTG stock has declined 7.2% while HPE shares are down 9.6%.
Image Source: Zacks Investment Research
In terms of the forward 12-month price/earnings ratio, PSTG is trading at 80.02, higher than HPE’s 10.48.
Image Source: Zacks Investment Research
How Do Zacks Estimates Compare for HPE & PSTG?Analysts have revised earnings estimates marginally downward for HPE for the current fiscal year in the past 30 days.
Image Source: Zacks Investment Research
There is a marginal downward revision for PSTG’s bottom line.
Image Source: Zacks Investment Research
PSTG or HPE: Which is a Better Pick?PSTG currently has a Zacks Rank #3 (Hold) while HPE carries a Zacks Rank #4 (Sell).
In terms of the Zacks Rank, PSTG appears to be a better pick at the moment.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PSTG expects fiscal 2027 revenues of $4.3B-$4.4B, about 19% growth.PSTG scaled its hyperscaler business in fiscal 2026 and expects higher shipments and revenues in fiscal 2027.PSTG standardized its hyperscale model where customers source NAND. Everpure’s expanding hyperscaler business is emerging as a meaningful driver of its growth strategy, as demand for high-performance, energy-efficient storage accelerates amid the proliferation of AI and large-scale cloud workloads.
PSTG expects fiscal 2027 revenues to be between $4.3 billion and $4.4 billion, indicating 18.8% year-over-year growth at the midpoint, with operating profit of $780–$820 million expected to rise about 26%. A key driver behind this outlook is the continued expansion of its hyperscaler business, especially in the second half of the fiscal year. PSTG also highlighted that the hyperscaler business performed better than expectations in fiscal 2026.
In fiscal 2026, the company focused on scaling its hyperscaler line of business and now anticipates significantly higher shipments and revenues in fiscal 2027 compared with the prior year. However, revenues are aligned with the hyperscalers data center buildouts and are not linear, added PSTG.
The company has also standardized its business model for hyperscale customers. Looking forward, Everpure will procure certain components required for hyperscale deployments, while hyperscalers will source NAND through their own supply chains. This structure is expected to deliver hyperscaler gross margins between 75% and 85%, which management believes will be accretive to both product margins as well as overall gross margins.
However, rising memory and NAND prices and industry-wide component shortages remain potential headwinds. The company noted that it has built a diversified supply chain with contingency plans to reduce disruption risks, supported by strong supplier relationships and in-house hardware design.
The commentary surrounding hyperscale business suggests that this business is meant to be a strategic lever to expand Pure Storage’s addressable market and support long-term growth.
Let’s Look at Rivals’ Hyperscaler TiesNetApp (NTAP - Free Report) is one of Everpure’s direct competitors. On the last earnings call, management noted that first-party ties with hyperscale cloud customers are a key differentiator. Its partnerships with major hyperscalers such as Amazon and Microsoft, through offerings like Amazon FSx for NetApp ONTAP and Microsoft Azure NetApp Files, solidify NetApp’s position as a critical player in the cloud infrastructure space, which is poised for continued growth as enterprises migrate more workloads to the cloud.
Solid momentum in hyperscaler first-party and marketplace storage services has been driving revenue growth in the Public Cloud segment. Excluding Spot, Public Cloud revenues grew 17% year over year. First-party and marketplace cloud storage services grew 27%. Management added that these services are helping it acquire new clients, with half of the revenues from new first-party and marketplace customers coming from organizations new to NetApp.
Western Digital Corporation (WDC - Free Report) is working closely with hyperscale customers to deliver high-capacity, reliable drives at scale, focusing on performance and total cost of ownership. The company is advancing areal density gains, accelerating its HAMR and ePMR roadmaps, and driving adoption of higher-capacity and UltraSMR drives. In the fiscal second quarter, Western Digital shipped more than 3.5 million latest-generation ePMR drives, supporting up to 26TB CMR and 32TB UltraSMR capacities, underscoring strong customer adoption. The company shipped a total of 215 exabytes to customers, marking a 22% year-over-year increase. The reliability, scalability and TCO benefits of its ePMR and UltraSMR technologies remain key to its success in the data center market.
Western Digital reaffirmed its dual-path leadership in ePMR and HAMR, with the 40TB UltraSMR ePMR HDD now in qualification at two hyperscalers and volume production targeted for the second half of fiscal 2026, while HAMR drives are also being qualified, with ramp expected in 2027.
PSTG Price Performance, Valuation and EstimatesShares of PSTG have lost 15.4% in the past month against the Technology Services’ industry’s growth of 1.1%.
Image Source: Zacks Investment Research
Regarding the forward 12-month price/earnings ratio, PSTG is trading at 25.68, higher than the sector’s multiple of 21.92.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for PSTG’s earnings for fiscal 2027 has been revised downward marginally over the past 60 days.
Image Source: Zacks Investment Research
PSTG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Accelerate the transition from pilot to production with benchmark-proven performance, automated data pipelines, and a flexible consumption model
, /PRNewswire/ -- Everpure (NYSE: PSTG), the company revolutionizing storage and data management, today announced Evergreen//One for FlashBlade//EXA and the upcoming beta of Everpure Data Stream to help organizations reduce cost and complexity barriers that stall enterprise AI projects.
Evergreen//One (EG1) for AI now extends across FlashBlade//EXA, providing the massive performance, scalability, and throughput required for large-scale training and inference. Complementing this, the Everpure Data Stream Beta–launching later in 2026–accelerates time-to-result by eliminating the friction of manual data movement with a direct, automated pipeline from data ingestion to inference.
"Most AI projects fail to reach production for enterprises because many treat AI as 'just another workload.' We are helping customers break down siloed data and move AI initiatives from pilot to production with infrastructure that delivers guaranteed performance, flexibility, and growth. Whether organizations are preparing data or running large-scale inference, we ensure they have the tools to succeed," said Kaycee Lai, Vice President, AI, Everpure.
"Evergreen//One completely solved our capacity planning challenges," says Andrea Moccia, VP, AI and Data, Options Technology. "We can now deploy storage anywhere in the world, consume it on a pay-as-you-go basis, and scale on demand—bringing down the barriers to global growth and flexing to meet the demands of rapidly evolving AI workloads."
"Everpure's technology allows us to deliver data storage performance at unprecedented consistency for even the most demanding AI workloads," said Sabur Mian, CEO and Founder, STN. "In a typical storage infrastructure, researchers might start training a model on four nodes and get good performance–but as soon as they start scaling up, that performance collapses. With FlashBlade//EXA, we've scaled up to 192 nodes so far, and we've yet to find the limit."
Proven Performance: Benchmarks that Validate the Full AI Data Stack
AI deployments succeed when infrastructure keeps GPUs running at peak capacity. Everpure is aligning FlashBlade//EXA with modular NVIDIA STX reference architecture to support the next generation of AI factories powered by the Vera Rubin platform. By combining EXA's performance and scalability with STX components such as BlueField-enabled storage controllers and context memory architectures, Everpure optimizes the AI pipeline—from data preparation to long-context inference. This architecture specifically addresses the high-performance context memory requirements of giga-scale inference, providing the low-latency data access necessary to sustain agentic workflows and multi-step reasoning systems at scale.
Recent industry benchmarks from SPECstorage Solution 2020 and MLPerf validate FlashBlade//EXA's ability to deliver consistent, repeatable performance needed to turn raw data into trained models at scale.
Record-breaking SPEC benchmarks: FlashBlade//EXA achieved the highest score ever recorded for the SPEC Storage AI_Image benchmark. By successfully powering 6,300 simultaneous AI jobs, Everpure demonstrated FlashBlade//EXA's ability to sustain more concurrent training tasks at full speed than any other solution on the market today. Redefining AI economics: FlashBlade//EXA moves data twice as fast as its closest competitor while occupying less than half a rack of storage. By sustaining over 90% GPU utilization across large NVIDIA Hopper clusters—validated by MLPerf[1] model-driven workloads—EXA ensures compute resources never sit idle. As workloads grow, EXA scales linearly to dramatically reduce idle time and ensure your compute resources are never waiting around for their next task. Additionally, extending NVIDIA-Certified Storage (NVCS) validation to FlashBlade//EXA provides the foundation for full-stack confidence. This integration creates a definitive path toward the NVCS 'NCP' certification level, purposefully aligned with NVIDIA Cloud Partner (NCP) reference architectures.
Automated Orchestration: Simplifying the Path to AI-Ready Data
To fully operationalize these performance gains, Everpure Data Stream simplifies curation and orchestration–ensuring high quality; AI ready data flows seamlessly into AI infrastructure. This accelerates time to insight and shortens the path from pilot to production, ensuring models are always working on the freshest data without administrative overhead.
Lowering the barrier to entry with a compact AI design is the Everpure Data Stream, co-engineered with Supermicro, and built on the NVIDIA AI Data Platform reference design. By combining Supermicro's hardware with Everpure's software-defined storage, enterprises can rapidly unlock the true value of their data.
As enterprise AI Factories require an AI Data Platform to prepare and deliver AI-ready data, Everpure also supports accelerated platforms including the NVIDIA RTX PRO 6000 Blackwell Server Edition and will expand support to the NVIDIA RTX PRO™ 4500 Blackwell Server Edition GPU.
Success in the AI-driven landscape requires a strategy rooted in continuous data optimization–not a one-time infrastructure upgrade. Everpure's platform provides this essential foundation, treating AI readiness not as a single milestone, but as an ongoing journey of preparation and performance validation.
[1] Based on internal MLPerf component measurements (not submitted; not an official result).
About Everpure
Everpure (NYSE: PSTG) allows organizations to take control of their data with an industry-leading, ever-evolving storage and data management platform. We help companies unleash the power of their data by ensuring it is accessible, intelligent, and ready to perform in the AI era. We make data management effortless while simultaneously scaling performance and significantly reducing energy consumption. With one of the highest Net Promoter Scores for over a decade, Everpure is the choice of the world's most innovative organizations. For more information, visit www.everpuredata.com.
Everpure has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this data storage company have returned -14.9% over the past month versus the Zacks S&P 500 composite's -1.9% change. The Zacks Technology Services industry, to which Everpure belongs, has lost 1.8% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Everpure is expected to post earnings of $0.40 per share, indicating a change of +37.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -25.2% over the last 30 days.
The consensus earnings estimate of $2.33 for the current fiscal year indicates a year-over-year change of +18.3%. This estimate has changed -5.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.9 indicates a change of +24.5% from what Everpure is expected to report a year ago. Over the past month, the estimate has changed +3.6%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Everpure is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Everpure, the consensus sales estimate of $1 billion for the current quarter points to a year-over-year change of +28.9%. The $4.38 billion and $5.07 billion estimates for the current and next fiscal years indicate changes of +19.6% and +15.6%, respectively.
Last Reported Results and Surprise HistoryEverpure reported revenues of $1.06 billion in the last reported quarter, representing a year-over-year change of +20.4%. EPS of $0.69 for the same period compares with $0.45 a year ago.
Compared to the Zacks Consensus Estimate of $1.03 billion, the reported revenues represent a surprise of +2.54%. The EPS surprise was +6.15%.
Over the last four quarters, Everpure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Everpure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Everpure. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Key Takeaways Everpure expands AI platform with Evergreen//One and FlashBlade//EXA to boost deployment and performance.FlashBlade//EXA delivers high throughput, low latency, and scales to 192 nodes without performance loss.Everpure Data Stream beta aims to streamline data flow from ingestion to AI training and inference. Per a report from Fortune Business Insights, the AI infrastructure market is estimated to go from $75.4 billion in 2026 to $497.98 billion by 2034 at a CAGR of 26.6%. Everpure recently upgraded its AI platform with Evergreen//One for FlashBlade//EXA and Everpure Data Stream beta. These innovations aim to simplify AI deployment, improve performance and reduce the operational complexity that often derails enterprise-scale AI projects. Evergreen//One platform extends its capabilities to FlashBlade//EXA, offering a storage-as-a-service model designed specifically for AI.
FlashBlade//EXA forms the core of Everpure’s AI strategy, offering a high-performance storage platform built for large-scale AI training and inference. Designed to handle data-intensive workloads, such as deep learning and generative AI, it delivers high throughput, low latency, extreme parallelism and linear scalability across hundreds of nodes, ensuring GPUs remain fully utilized. Unlike traditional systems that degrade at scale, real-world use cases show FlashBlade//EXA maintaining consistent performance even at 192 nodes, making it well-suited for rapidly expanding AI environments.
Everpure is closely integrated with NVIDIA’s (NVDA - Free Report) AI ecosystem, with FlashBlade//EXA connecting to NVIDIA STX architectures and supporting technologies like BlueField-enabled controllers, context memory for long-context inference, and Hopper and Blackwell GPUs. This supports advanced use cases such as agentic workflows, multi-step reasoning and large-scale inference, while NVIDIA-Certified Storage validation further ensures enterprise-grade compatibility and performance.
Moving data from ingestion to training and inference often involves manual processes that hinder innovation and efficiency. To address this, Everpure is launching the Everpure Data Stream beta in 2026. Everpure enters fiscal 2027 with strong momentum and broad-based growth expected across products, sectors and regions, including its Evergreen subscription services.
Does PSTG Hold an Edge Over its Industry Rivals?NetApp, Inc. (NTAP - Free Report) competes directly with Everpure, benefiting from rising adoption of public cloud storage and AI solutions, supported by hyperscaler partnerships. NTAP is seeing strong momentum in AI-related opportunities, with approximately 300 customers selecting it in the third-quarter fiscal 2026 to prepare their data for AI and build storage foundations for AI innovations. Its new solutions, including the AFX storage system designed for AI workloads and the AI Data Engine that simplifies data discovery and workflow management, are generating strong customer engagement across industries such as semiconductor, financial services, media and IT services. The launch of AI reference architectures with NVIDIA (AIDP) and certification for NVIDIA DGX SuperPOD, indicates NetApp is deeply embedded in the evolving AI stack.
Hewlett Packard (HPE - Free Report) is expanding in generative AI through deeper collaboration with NVIDIA, developing full-stack solutions that simplify AI model tuning, inference and deployment. These offerings enable enterprises to customize models with private data and deploy applications from edge to cloud, accelerating adoption and strengthening HPE’s position in the growing AI market. HPE is benefiting from strong demand for its edge-to-cloud platform, GreenLake, which surpassed 50,000 customers in first-quarter fiscal 2026. Offering a flexible pay-per-use model and enhanced hybrid cloud visibility, GreenLake has been further strengthened by acquisitions like Morpheus Data and OpsRamp, positioning HPE to capitalize on rising cloud adoption.
PSTG Price Performance, Valuation and EstimatesShares of PSTG have lost 13.4% in the past month compared with the Technology Services industry’s fall of 2.6%.
Image Source: Zacks Investment Research
In terms of the forward 12-month price/earnings ratio, PSTG is trading at 81.65, higher than the industry’s multiple of 22.1.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for PSTG’s earnings for fiscal 2027 has been revised downward marginally over the past 60 days.
Image Source: Zacks Investment Research
PSTG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors with an interest in Technology Services stocks have likely encountered both TTEC Holdings (TTEC - Free Report) and Everpure . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
TTEC Holdings has a Zacks Rank of #1 (Strong Buy), while Everpure has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that TTEC is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
TTEC currently has a forward P/E ratio of 2.13, while PSTG has a forward P/E of 28.10. We also note that TTEC has a PEG ratio of 0.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PSTG currently has a PEG ratio of 1.51.
Another notable valuation metric for TTEC is its P/B ratio of 1.1. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, PSTG has a P/B of 14.95.
These metrics, and several others, help TTEC earn a Value grade of A, while PSTG has been given a Value grade of D.
TTEC has seen stronger estimate revision activity and sports more attractive valuation metrics than PSTG, so it seems like value investors will conclude that TTEC is the superior option right now.
PSTG stock drops 25% in six months as cost pressures and AI spending uncertainty weigh, but enterprise demand and hyperscale growth signal potential upside.
A month has gone by since the last earnings report for Everpure . Shares have lost about 6% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Everpure due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Everpure, Inc. before we dive into how investors and analysts have reacted as of late.
Everpure Q4 Earnings Beat EstimatesEverpure reported fourth-quarter fiscal 2026 non-GAAP earnings per share (EPS) of 69 cents, which beat the Zacks Consensus Estimate of 65 cents. The company reported non-GAAP EPS of 45 cents in the prior-year quarter.
Quarterly revenues expanded 20% year over year to $1.1 billion, beating the Zacks Consensus Estimate by 2.5%. This marks the first billion-dollar quarter in company history. For the full fiscal year, revenue totaled $3.7 billion, up 16% year over year. The growth reflects strong demand across enterprise customers, modernizing legacy storage, hyperscalers scaling AI workloads and hybrid and multi-cloud environments. Its Enterprise Data Cloud (EDC) architecture is gaining strong traction, with more than 600 customers adopting Fusion in its first year.
Everpure has strengthened its hyperscale positioning by partnering with SK hynix to deliver advanced QLC flash storage optimized for large data centers. The partnership positions Everpure well for large-scale deployments. Recently, it announced a definitive agreement to acquire 1touch, extending its EDC into data discovery, classification, contextualization and enrichment. This deepens the company’s move into data governance, a critical layer for AI compliance and enterprise security. The deal is expected to close in the second quarter of fiscal 2027, subject to customary conditions, with terms undisclosed.
Despite strong momentum, management remains wary of global supply chain imbalances, AI infrastructure spending cycles, competition from hyperscaler-native storage offerings and pricing pressure in large enterprise deals. However, the strong gross margins suggest pricing power remains intact.
Quarter in DetailProduct revenues (contributing 58.4% to total revenues) amounted to $618 million, up 25% on a year-over-year basis. The product revenue category now also includes royalties from hyperscale shipments and part of Portworx software revenue when sold as term licenses.
Subscription services revenues (41.6%) of $440 million rose 14%.
Subscription annual recurring revenues (ARR) amounted to nearly $1.9 billion, up 16% on a year-over-year basis. High-velocity deals under $5 million lifted Storage-as-a-Service TCV 28% year over year to $179 million.
Total revenues in the United States and International were $674 million and $385 million, up 9% and 48%, respectively. International revenue made up 36% of the total, underscoring global expansion as a key strategic focus.
Margin HighlightsThe non-GAAP gross margin came in at 71.4% compared with 69.2% in the prior-year quarter.
Favorable product mix expanded product gross margin to 67.3%, up more than 400 bps year over year. Product gross margin declined sequentially on lumpy hyperscaler and Portworx shipments, mix shifts and modest component cost inflation, with pricing actions taken in early February 2026. The non-GAAP subscription gross margin was 77% compared with 77.2% a year ago.
It reported a non-GAAP operating income of $226 million compared with $153 million in the year-ago quarter, boosted by strong revenue and solid gross margins.
Non-GAAP operating margin reached 21.3%, up from 17.4%, demonstrating that scale and recurring revenue are improving profitability leverage.
Balance Sheet & Cash FlowIt exited the fiscal fourth quarter, which ended on Feb. 1, with cash and cash equivalents and marketable securities of $1.5 billion, the same as of Nov. 2, 2025.
Cash flow from operations amounted to $268 million in the fiscal fourth quarter compared with $208.5 million reported in the prior-year quarter. Free cash flow was $201.5 million compared with $152.4 million in the year-ago quarter.
In the fiscal fourth quarter, the company returned $127 million to shareholders by buying back 1.7 million shares. In fiscal 2026, it returned $343 million to shareholders by repurchasing 5.6 million shares. It has $329 million left from its existing $400 million share repurchase plan. For fiscal 2026, 56% of free cash flow was used for buybacks.
The remaining performance obligations (RPO) at the end of the fiscal fourth quarter totaled $3.7 billion, up 40% year over year, on the back of sizable deals and continued strength in Evergreen//Forever and Evergreen//One. RPO, which includes its Storage-as-a-Service offerings and Evergreen subscriptions across the install base, grew 34%.
Upbeat GuidanceFor first-quarter fiscal 2027, it expects revenues of $990 million to $1.01 billion, up about 28% year over year at the midpoint.
The non-GAAP operating income is expected to be $125-$135 million, with around 57% year-over-year growth at the midpoint.
It has entered fiscal 2027 with strong momentum and expects 47% of revenue in the first half, up 2 points year over year.
At the midpoint, revenue expectations of $4.3–$4.4 billion suggests 18.8% year-over-year growth, with operating profit of $780–$820 million expected to rise about 26%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in fresh estimates.
The consensus estimate has shifted -47.48% due to these changes.
VGM ScoresCurrently, Everpure has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Everpure has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Everpure has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this data storage company have returned -8.2% over the past month versus the Zacks S&P 500 composite's -7.3% change. The Zacks Technology Services industry, to which Everpure belongs, has lost 8.6% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Everpure is expected to post earnings of $0.40 per share for the current quarter, representing a year-over-year change of +37.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -35.8%.
For the current fiscal year, the consensus earnings estimate of $2.33 points to a change of +18.3% from the prior year. Over the last 30 days, this estimate has changed -2.6%.
For the next fiscal year, the consensus earnings estimate of $2.9 indicates a change of +24.4% from what Everpure is expected to report a year ago. Over the past month, the estimate has changed +2.8%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Everpure is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Everpure, the consensus sales estimate of $1 billion for the current quarter points to a year-over-year change of +28.9%. The $4.38 billion and $5.07 billion estimates for the current and next fiscal years indicate changes of +19.6% and +15.6%, respectively.
Last Reported Results and Surprise HistoryEverpure reported revenues of $1.06 billion in the last reported quarter, representing a year-over-year change of +20.4%. EPS of $0.69 for the same period compares with $0.45 a year ago.
Compared to the Zacks Consensus Estimate of $1.03 billion, the reported revenues represent a surprise of +2.54%. The EPS surprise was +6.15%.
Over the last four quarters, Everpure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Everpure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Everpure. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Everpure ended the recent trading session at $62.48, demonstrating a +2.31% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The data storage company's stock has dropped by 0.47% in the past month, exceeding the Business Services sector's loss of 6.27% and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Everpure in its upcoming release. The company's earnings per share (EPS) are projected to be $0.4, reflecting a 37.93% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1 billion, indicating a 28.87% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.33 per share and revenue of $4.38 billion, which would represent changes of +18.27% and +19.61%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Everpure. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.31% higher. Everpure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Everpure is presently being traded at a Forward P/E ratio of 26.21. This represents a premium compared to its industry average Forward P/E of 16.05.
Also, we should mention that PSTG has a PEG ratio of 1.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. PSTG's industry had an average PEG ratio of 1.28 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Everpure (NYSE: PSTG), the company revolutionizing storage and data management, today announced it will change its stock ticker symbol from "PSTG" to "P" on the New York Stock Exchange (NYSE). Trading under the new ticker symbol is expected to begin on Friday, April 17, 2026.
The new ticker symbol aligns to the company's recent rebrand to Everpure announced on February 23, 2026. The single-letter ticker symbol "P" honors the "Pure" at the heart of Everpure and the company's strategy to expand beyond storage as it simplifies how organizations manage and unleash the power of their data in the AI era.
There is no action required by the company's shareholders in connection with the ticker symbol change. The company's common stock will continue to be listed on the NYSE, and its CUSIP number will remain unchanged.
About Everpure
Everpure (NYSE: PSTG) allows organizations to take control of their data with an industry-leading, ever-evolving storage and data management platform. We help companies unleash the power of their data by ensuring it is accessible, intelligent, and ready to perform in the AI era. We make data management effortless while simultaneously scaling performance and significantly reducing energy consumption. With one of the highest Net Promoter Scores for over a decade, Everpure is the choice of the world's most innovative organizations. For more information, visit www.everpuredata.com.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Everpure before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Everpure currently has an average brokerage recommendation (ABR) of 1.90, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms. An ABR of 1.90 approximates between Strong Buy and Buy.
Of the 20 recommendations that derive the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 60% and 10% of all recommendations.
Brokerage Recommendation Trends for PSTG
Check price target & stock forecast for Everpure here>>>
While the ABR calls for buying Everpure, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is PSTG Worth Investing In?Looking at the earnings estimate revisions for Everpure, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $2.33.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Everpure. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Everpure.
Everpure ended the recent trading session at $60.19, demonstrating a -3.31% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.62%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.83%.
The data storage company's shares have seen an increase of 0.26% over the last month, surpassing the Business Services sector's loss of 4.48% and falling behind the S&P 500's gain of 0.8%.
The investment community will be closely monitoring the performance of Everpure in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.4, reflecting a 37.93% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1 billion, showing a 28.87% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.33 per share and revenue of $4.38 billion. These totals would mark changes of +18.27% and +19.61%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Everpure. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Everpure is currently a Zacks Rank #3 (Hold).
With respect to valuation, Everpure is currently being traded at a Forward P/E ratio of 26.72. This indicates a premium in contrast to its industry's Forward P/E of 15.7.
Investors should also note that PSTG has a PEG ratio of 1.43 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Technology Services industry had an average PEG ratio of 1.35.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 194, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Everpure has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this data storage company have returned -1.3%, compared to the Zacks S&P 500 composite's +0.5% change. During this period, the Zacks Technology Services industry, which Everpure falls in, has lost 3.6%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Everpure is expected to post earnings of $0.40 per share, indicating a change of +37.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $2.33 points to a change of +18.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $2.9 indicates a change of +24.4% from what Everpure is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Everpure is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Everpure, the consensus sales estimate for the current quarter of $1 billion indicates a year-over-year change of +28.9%. For the current and next fiscal years, $4.38 billion and $5.07 billion estimates indicate +19.6% and +15.6% changes, respectively.
Last Reported Results and Surprise HistoryEverpure reported revenues of $1.06 billion in the last reported quarter, representing a year-over-year change of +20.4%. EPS of $0.69 for the same period compares with $0.45 a year ago.
Compared to the Zacks Consensus Estimate of $1.03 billion, the reported revenues represent a surprise of +2.54%. The EPS surprise was +6.15%.
Over the last four quarters, Everpure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Everpure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Everpure. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
When it comes to tech stocks, many investors think of the same Magnificent Seven names. That's easy to do when companies including NVIDIA NASDAQ: NVDA and Apple NASDAQ: AAPL, for instance, are among the largest in the world, increasing both their market dominance and popularity.
But overlooking a list of high-performing but underappreciated names that have contributed to the artificial intelligence (AI) boom in one or more ways may leave investors lacking diversification within the tech sector and missing out on growth opportunities.
Get Qnity Electronics alerts:
Specifically, three lesser-known tech names—Qnity Electronics NYSE: Q, Everpure NYSE: PSTG, and TTM Technologies NASDAQ: TTMI—have strong structural tailwinds and improving consensus among Wall Street analysts while not being oversaturated with interest from tech-focused investors. Each plays an increasingly important yet distinctive role in the AI infrastructure supply chain as the industry continues to grow.
Despite Lack of Name Recognition, DuPont's Electronics Arm Makes Big Moves Qnity Electronics Today
Q
Qnity Electronics
$151.60 +2.48 (+1.67%)
As of 02:49 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$70.50▼
$171.52Dividend Yield0.21%
P/E Ratio52.10
Price Target$151.33
Qnity Electronics does just about everything in the semiconductor manufacturing space, including chip fabrication, packaging, assembly and display, and more. If the company is unknown to investors, it's likely because it was spun off from DuPont de Nemours NYSE: DD in late 2025 and is still gaining recognition as an independent entity despite a valuation of around $27 billion.
Despite its lack of name recognition, the company does have earnings momentum working in its favor. In the latest quarter, Qnity reported 10% organic sales growth and strong forward guidance, including $4.97 billion to $5.17 billion in net sales for 2026. Qnity is also in the midst of a transformation that could yield an earnings before interest, taxes, depreciation, and amortization run-rate of about $100 million in the coming two years. However, in the near term, this will lead to some $140 million in predicted one-time costs, as well as elevated capital expenditures.
But for investors looking to buy and hold for a longer period, this may present opportunities. Given that Qnity shares have already seen a roughly 60% year-to-date (YTD) gain and have topped the consensus price estimate by analysts, it may be worth waiting until a dip to enter a position.
Major Player in AI Data Storage Is Primed for Continued Growth Everpure, formerly known as Pure Storage, is a $20-billion enterprise data storage firm offering hardware and cloud-based storage solutions used by hyperscalers, data centers, and other clients.
Data storage is a vital but often overlooked component of the AI industry, and Everpure dominates in this space: In its Q4 fiscal 2026, which ended Feb. 1, the company had its first-ever billion-dollar quarter as revenue reached $1.1 billion. This was an improvement of 20% year-over-year (YOY), while full-year revenue was up 16%.
Beyond its strong revenue growth, Everpure has profit and margins to back up this success. A record operating profit of $226 million for the quarter was possible thanks to a more than 21% operating margin. Annual recurring revenue is a major part of the company's total top-line landscape, having climbed by 16% YOY. Management also guided for 28% YOY growth for revenue in the current quarter based on the midpoint.
Although component shortages always present a risk for data storage companies, Everpure is seeing rapid adoption of Fusion, its data cloud architecture product, which could continue to drive growth even in an environment with higher external pressures. Down almost 10% YTD, PSTG may present a near-term growth opportunity thanks to upside potential of over 50%.
TTM is Vital to AI, But Its Defense Business Is Also ThrivingTTM Technologies Today
TTMI
TTM Technologies
$196.10 +8.89 (+4.75%)
As of 02:49 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$35.01▼
$200.68P/E Ratio106.00
Price Target$209.00
TTM Technologies is a leading maker of printed circuit boards, or PCBs, essential components used to make complex circuitry possible in a variety of electronics applications. This means that TTM is vital not only to the AI space for its role in data center infrastructure, but also to the high-demand aerospace and defense industries.
With $774.3 million in sales during its latest quarter, up 19% YOY, and non-GAAP earnings per share ahead of analyst estimates of 70 cents, TTM Technologies has seen significant momentum in its data center computing and networking segment. The company's management expects this to continue to drive growth of 15% to 20% in net sales for the full year.
Crucially, TTM's fabrication operations diversify its exposure to include different markets, meaning that it will not be totally reliant on the continued growth of AI and data center demand. For example, a recent $200-million multi-year agreement with RTX NYSE: RTX demonstrates its growing role in providing essential tools for radar systems used in defense applications. Investors may find that this breadth helps justify a recent surge in TTMI shares, which have already climbed over 70% YTD.
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Investors with an interest in Technology Services stocks have likely encountered both TTEC Holdings (TTEC - Free Report) and Everpure . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
TTEC Holdings has a Zacks Rank of #1 (Strong Buy), while Everpure has a Zacks Rank of #3 (Hold) right now. Investors should feel comfortable knowing that TTEC likely has seen a stronger improvement to its earnings outlook than PSTG has recently. But this is just one factor that value investors are interested in.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
TTEC currently has a forward P/E ratio of 1.92, while PSTG has a forward P/E of 26.16. We also note that TTEC has a PEG ratio of 0.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PSTG currently has a PEG ratio of 1.40.
Another notable valuation metric for TTEC is its P/B ratio of 0.99. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, PSTG has a P/B of 13.75.
These metrics, and several others, help TTEC earn a Value grade of A, while PSTG has been given a Value grade of D.
TTEC has seen stronger estimate revision activity and sports more attractive valuation metrics than PSTG, so it seems like value investors will conclude that TTEC is the superior option right now.
In the latest close session, Everpure was up +1.39% at $64.89. The stock exceeded the S&P 500, which registered a gain of 0.8% for the day. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq increased by 1.6%.
Shares of the data storage company have appreciated by 0.88% over the course of the past month, outperforming the Business Services sector's gain of 0.3%, and lagging the S&P 500's gain of 5.15%.
The investment community will be closely monitoring the performance of Everpure in its forthcoming earnings report. The company is forecasted to report an EPS of $0.4, showcasing a 37.93% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1 billion, indicating a 28.87% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.33 per share and revenue of $4.38 billion, indicating changes of +18.27% and +19.61%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Everpure. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Everpure is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Everpure is presently being traded at a Forward P/E ratio of 27.47. This expresses a premium compared to the average Forward P/E of 16.06 of its industry.
Meanwhile, PSTG's PEG ratio is currently 1.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services was holding an average PEG ratio of 1.42 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 178, positioning it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Everpure, Inc. benefits from surging AI-driven datacenter demand, with hyperscalers boosting capex and absorbing significant price increases. Despite a ~20% YTD rally and another 30% since February, P trades at reasonable multiples, supporting a continued 'buy' rating. Recent price hikes—up to 40% for most products and 10% for Evergreen//One—are expected to drive further earnings growth.
Everpure Inc., formerly PureStorage, is riding strong AI-driven demand, with Q1 '27 revenue expected at ~$1 billion, up 28% y/y. Management guides for $125 million-$135 million in non-GAAP operating income, implying at least 51% y/y growth, and has a history of double beats. AI data center and hyperscaler demand are driving growth, with RPO up 40% last quarter; monitoring backlog and margin expansion are key.
