Everpure Expected to Exceed Estimates and Raise Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: seekingalpha
- Optimistic Earnings Outlook: Everpure, formerly Pure Storage, is expected to exceed market expectations with projected revenue of $1 billion for Q1 FY2027, reflecting a 28.5% increase from $778.5 million in FY2026, indicating strong market demand and competitive positioning.
- NAND Pricing Advantage: Wedbush analysts highlight that rising NAND prices will enhance Everpure's cost advantages, particularly as its architecture allows for the use of lower-cost consumer-grade bits, reducing DRAM consumption and improving product gross margins, which are expected to remain superior to the industry.
- Significant Growth Potential: Despite initial guidance suggesting a slowdown in sales growth, analysts believe stable bit shipments could drive revenue growth exceeding 70%, showcasing the company's robust performance and future growth potential in the market.
- Increased Market Confidence: Wedbush reiterated its Outperform rating with a $100 price target for Everpure, anticipating additional hyperscale customer wins that will further boost performance and enhance market confidence.
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Analyst Views on P
Wall Street analysts forecast P stock price to rise
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Current: 73.040
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Current: 73.040
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About P
Everpure Inc, formerly Pure Storage, Inc., is a data management and storage company. The Company is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data at scale and across any data workloads in on-premises, cloud and hosted environments and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include Evergreen Architecture, FlashArray, and FlashBlade. Its cloud-native storage includes Portworx, Portworx Data Services, Cloud Block Store, Evergreen//One, and Evergreen//Flex. Its Pure Software includes Purity, Pure1, and Pure Fusion. Its Pure1 is a cloud-based data storage management plane, bringing the convenience of cloud storage to on-premises storage. The Company sells its products and subscription services using a direct sales force and its channel partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conservative Guidance: The company projected only 22% growth for FY27, significantly below expectations, with analysts attributing this to limited visibility on NAND supply and pricing rather than demand weakness.
- Positive Analyst Ratings: Despite the negative market reaction, both Needham and Oppenheimer reiterated their 'Buy' ratings with a price target of $100, reflecting analysts' confidence in the company's long-term growth potential.
- Long-Term Growth Drivers: Analysts highlighted that increasing product adoption across enterprises and AI workloads, along with rising demand from Meta, will drive Everpure's future market share and core strength.
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- Earnings Beat: The adjusted EPS of $0.47 exceeded market expectations of $0.40, reflecting effective execution in cost management and sales growth strategies.
- Cautious Outlook: While the full-year revenue guidance was raised to $4.46 billion, the next quarter's guidance of $553 million fell 47.2% below expectations, indicating concerns about future market volatility.
- Negative Market Reaction: Despite exceeding expectations, Everpure's stock dropped over 11% post-report, reflecting investor concerns regarding supply chain issues and component cost fluctuations.
See More
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