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Wire

Everpure's Raised Fiscal 2027 Guidance Is 'Still Very Beatable,' Wedbush Says

Everpure's (P) updated fiscal 2027 guidance is reasonable, although "still very beatable," as the system average selling price continued to rise through Q2 and ended with system pricing up by triple digits, Wedbush said in a Thursday note.While pricing is expected to continue benefiting results through the second half of fiscal 2027, Wedbush said revenue from a second top-five hyperscale customer is expected to be de minimis in fiscal 2027, with a meaningful ramp beginning in fiscal 2028.Strong second-half revenue from Meta, however, should aid comparisons.Everpure now expects fiscal 2027 revenue of $5.03 billion to $5.07 billion, compared with its previous guidance of $4.41 billion to $4.51 billion.Meanwhile, fiscal 2027 non-GAAP operating profit is now expected to be $940 million to $960 million, up from $820 million to $860 million previously.Wedbush raised its price target to $130 from $127 and maintained its outperform rating.Price: $96.12, Change: $-12.78, Percent Change: -11.74%

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Research

BofA Securities Upgrades Everpure to Buy From Neutral, Adjusts Price Target to $150 From $90

Everpure (P) has an average rating of buy and mean price target of $125.16, according to analysts polled by FactSet.Price: $98.26, Change: $-10.65, Percent Change: -9.78%

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Wire

Dell, NetApp, HP Face Toughest Near-Term Earnings Setups, Morgan Stanley Says

Dell Technologies (DELL), HP (HPQ) and NetApp (NTAP) face the toughest earnings setups due to higher buyside expectations and valuation going into earnings, while Hewlett Packard Enterprise (HPE) has the most attractive setup, Morgan Stanley said Monday in an earnings preview on enterprise original equipment manufacturers.The firm said it expects a revenue and earnings per share beat for the July quarter for Dell, HP, NetApp, Hewlett Packard Enterprise and Everpure (P).The brokerage said it would remain a buyer of overweight-rated Hewlett Packard Enterprise into earnings, given its undemanding valuation and anticipated Networking outperformance, while leaning slightly more positive on equal weight-rated Dell given the magnitude of the expected fiscal 2027 EPS raise, according to the note.Morgan Stanley said it wouldn't be buyers on overweight-rated Everpure into earnings but would tap any post-earnings weakness ahead of its analyst day on Sept. 23. It remains modestly cautious into equal weight-rated NetApp's earnings, as a beat and raise is unlikely to support peak valuation, and is most cautious heading into underweight-rated HP's earnings given all-time high valuation and deteriorating personal computer and print trends, the note added.For Dell, the brokerage expects a strong fiscal Q2 print and a meaningful fiscal Q3 and fiscal 2027 guidance raise, with upside across traditional infrastructure and AI servers driving its fiscal Q2 revenue and EPS estimates of $47 billion and $5.45, respectively, exceeding Street consensus, according to the note.The brokerage remains most constructive on Hewlett Packard Enterprise into fiscal Q3 and expects another beat and raise, with the most notable change from last quarter being broader upside across both servers and networking, according to the note.The setup into HP's earnings is likely the most difficult, with better-than-feared fiscal Q3 results already priced into the valuation and the debate likely shifting to a declining fiscal Q4 and fiscal 2027 outlook, the note added.Price: $435.89, Change: $-6.19, Percent Change: -1.40%

$DELL$HPE$HPQ$NTAP$P
Wire

Everpure Expected to Post Beat-and-Raise Fiscal Q2 Results, Wedbush Says

Everpure (P) is expected to deliver another beat-and-raise quarter when it reports fiscal Q2 results on Aug. 26, as stronger pricing, favorable product mix and steady demand support revenue growth, Wedbush said in a report Friday.The firm estimates fiscal Q2 revenue at $1.10 billion, compared with company guidance of $1.095 billion to $1.105 billion and consensus of $1.097 billion. Earnings per share is estimated at $0.55 versus the Street's $0.58, according to the report.Pricing continued to rise during the quarter, while the company's shift toward "premium arrays" provided an additional lift, the firm noted, adding that Everpure exceeded its revenue guidance by about 5% in the prior quarter, with product revenue rising 55% year over year.The firm said Everpure's guidance appears "severely conservative," as its implied H2 growth slowdown does not align with higher pricing, expected hyperscaler demand and continued NAND sourcing growth, the report said.Wedbush estimates fiscal 2027 earnings per share of $2.55 on revenue of $4.62 billion, above consensus estimates of $2.44 per share and $4.50 billion, respectively.Wedbush reiterated an outperform rating on Everpure and raised the price target to $127 from $105.Price: $108.17, Change: $-1.81, Percent Change: -1.65%

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Wire

Oppenheimer Adjusts Price Target on Everpure to $140 From $100, Maintains Outperform Rating

Everpure (P) has an average rating of overweight and mean price target of $107.53, according to analysts polled by FactSet.Price: $112.02, Change: $+0.02, Percent Change: +0.02%

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Insider Trading

Everpure Insider Sold Shares Worth $22,563,034, According to a Recent SEC Filing

John Colgrove, Director, Chief Visionary Officer, on August 07, 2026, sold 235,185 shares in Everpure (P) for $22,563,034. Following the Form 4 filing with the SEC, Colgrove has control over a total of 11,871,774 Class A common shares of the company, with 6,374,080 held directly and 5,497,694 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000147443226000080/xslF345X05/wk-form4_1786485441.xml

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Research

Citigroup Upgrades Everpure to Buy From Neutral, Adjusts PT to $118 From $90

Everpure (P) has an average rating of overweight and mean price target of $98.42,, according to analysts polled by FactSet.

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Wire

Everpure Secures Second Hyperscaler Design, Supply Agreement; Shares Rise After Hours

Everpure (P) secured a second design and supply contract with an undisclosed top-five hyperscaler.The first contract was announced in late 2024 and uses Everpure's advanced software-powered DirectFlash technology to optimize hyperscale storage.The latest contract will be a "significant contributor to future revenue" starting in fiscal 2028, the company said Monday in a statement.Everpure shares rose 7.7% in after-hours trading.

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Memory Price Surge Accelerating IT Hardware Spending, Morgan Stanley Says
US Markets

Memory Price Surge Accelerating IT Hardware Spending, Morgan Stanley Says

Information technology hardware companies in the US will likely benefit from accelerated enterprise spending amid a surge in memory prices that was previously expected to hurt the industry, Morgan Stanley said in a Monday note.Soaring memory chip prices driven by booming artificial intelligence demand is fueling what Morgan Stanley described as "chipflation."The brokerage had projected record component inflation to hit hardware spending, but is now seeing companies accelerate their purchases of personal computers, servers and storage arrays to avoid supply shortages and protect themselves from rising prices.Morgan Stanley upgraded the US IT hardware industry to "in line" from "cautious," saying "this cycle is driven by refresh, pull-forward (and) AI, making this a longer but still predominantly cyclical infrastructure upcycle."Morgan Stanley lifted Hewlett Packard Enterprise (HPE) and Everpure (P) to overweight from equal-weight and NetApp (NTAP) to equal-weight from underweight.The brokerage designated Hewlett Packard as its preferred enterprise hardware play in the US, citing factors including comparable exposure to enterprise infrastructure and an underappreciated networking business.Within peers, Everpure has "the most attractive combination" of storage spending exposure, share gains and attractive valuation, the investment firm said. For NetApp, it pointed to improving storage fundamentals supporting higher earnings estimates.While Dell Technologies (DELL) is set to see positive earnings revisions in the coming months due to its elevated server and storage exposure, its current valuation already reflects that underlying strength, Morgan Stanley said.Morgan Stanley is underweight on HP (HPQ) and Logitech (LOGI) given spending headwinds to PCs. The brokerage downgraded Teradata (TDC) to equal-weight from overweight."We also have to remain tactical, and signs of peaking estimate revisions will be our call to get more cautious again, and ride the other side of this upcycle," according to the research note.

$DELL$HPE$HPQ$LOGI$NTAP$P$TDC
Insider Trading

Everpure Insider Sold Shares Worth $698,305, According to a Recent SEC Filing

Susan J.S. Taylor, Director, on July 09, 2026, sold 8,543 shares in Everpure (P) for $698,305. Following the Form 4 filing with the SEC, Taylor has control over a total of 94,608 Class A common shares of the company, with 94,608 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000147443226000078/xslF345X05/wk-form4_1783978249.xml

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Insider Trading

Everpure Insider Sold Shares Worth $10,915,063, According to a Recent SEC Filing

Charles H Giancarlo, Director, CEO, on July 09, 2026, sold 135,800 shares in Everpure (P) for $10,915,063. Following the Form 4 filing with the SEC, Giancarlo has control over a total of 2,411,011 Class A common shares of the company, with 1,679,597 shares held directly and 731,414 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000129963426000017/xslF345X05/wk-form4_1783978410.xml

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Insider Trading

Everpure Insider Sold Shares Worth $764,560, According to a Recent SEC Filing

Ajay Singh, Chief Product Officer, on July 08, 2026, sold 9,787 shares in Everpure (P) for $764,560. Following the Form 4 filing with the SEC, Singh has control over a total of 340,939 Class A common shares of the company, with 340,939 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000189794426000010/xslF345X05/wk-form4_1783719754.xml

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Insider Trading

Everpure Insider Sold Shares Worth $343,619, According to a Recent SEC Filing

Andrew William Fraser Brown, Director, on June 25, 2026, sold 4,735 shares in Everpure (P) for $343,619. Following the Form 4 filing with the SEC, Brown has control over a total of 29,183 Class A common shares of the company, with 27,683 shares held directly and 1,500 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000147443226000077/xslF345X05/wk-form4_1782766629.xml

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Insider Trading

Everpure Insider Sold Shares Worth $7,103,769, According to a Recent SEC Filing

John Colgrove, Director, Chief Visionary Officer, on June 10, 2026, sold 100,000 shares in Everpure (P) for $7,103,769. Following the Form 4 filing with the SEC, Colgrove has control over a total of 9,697,635 Class A common shares of the company, with 6,614,941 shares held directly and 3,082,694 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000147443226000076/xslF345X05/wk-form4_1781297623.xml

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Research

Research Alert: CFRA Lowers Opinion On Shares Of Everpure, Inc. To Sell From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our price target by $11 to $59, 22x our FY 28 (Jan.) EPS view, below PSTG's three-year average (~27x) on significant memory cost volatility that is creating margin/demand uncertainty. We lift our FY 27 EPS view by $0.10 to $2.38 and lower FY 28's by $0.09 to $2.69. Q1 FY 27 results continue to show strength on paper, with Product Revenue (55% of total) up 55% Y/Y (vs. 25% growth last quarter), Subscription revenue (45%) growing by 17% (vs. 16%) and RPO growing by 41% (vs. 40%). Still, PSTG's pricing strategy (emphasizing stability for customers) should inherently bring margin pressure if memory prices continue to rise as we expect, with price increases (70% on average year-to-date through late April) unable to keep up. We think this dynamic presents downside risk to 2H FY 27 forecasts as higher prices raise eyebrows and demand destruction starts to emerge in certain pockets. Hyperscaler customers offer more resilience, but so far Meta (revenues set to scale in 2H) remains the only confirmed customer.

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Wire

Everpure's Solid Demand, Share Gains to Support Upside Amid Prudent Guidance, Morgan Stanley Says

Everpure (P) is seeing solid demand and share gains that will likely drive upside into 2027, even amid guidance that was "conservatively framed" given H2 uncertainty, Morgan Stanley said in a note Thursday.About one-third of Everpure's fiscal Q1 revenue growth was from pricing/pull-in, but the other two-thirds were "driven by volume strength and share gains across enterprise and commercial segments," the note said.However, the company's increased 2027 guidance "still embeds prudence" as it does not have any "incremental pull-forward assumed" and there is also limited H2 visibility despite the solid demand, the investment firm said.Guidance for H2 is still "uncertain as demand elasticity to elevated NAND pricing and timing of any demand normalization remain unclear," the note said.The investment firm said it sees Everpure's Sept. 23 financial analyst event as an "emerging catalyst that could provide greater clarity on hyperscaler traction and longer-term growth drivers."Morgan Stanley lifted Everpure's price target to $87 from $84, while keeping the company's equalweight rating.Price: $72.00, Change: $-13.74, Percent Change: -16.03%

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Wire

UBS Adjusts Price Target on Everpure to $70 From $63, Maintains Sell Rating

Everpure, Inc. Class A (P) has an average rating of overweight and mean price target of $93, according to analysts polled by FactSet.Price: $70.31, Change: $-15.43, Percent Change: -18.00%

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Research

Research Alert: Everpure: Strong Q1 Results, But Presence Of Pull-ins Questions Sustainability

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Everpure reported Q1 FY 27 results above expectations with revenue of $1.05B (+35% Y/Y) vs consensus ~$1.00B and non-GAAP EPS of $0.47 (+62% Y/Y) vs consensus $0.40, accelerating from Q4's 20% growth pace. Non-GAAP operating margin expanded 450 bps Y/Y to 15.1%, while product revenue grew 55% Y/Y and subscription ARR reached $2B (+19% Y/Y). We view the results as concerning given management's estimate that pull-ins and price increases drove roughly 1/3 of Q1's Y/Y revenue growth, with limited visibility beyond this fiscal year. FY 27 guidance beat expectations with revenue midpoint of $4.46B (+22% Y/Y), up 300 bps from prior 19% outlook, though management noted it's too early to call for further upside. We expect further demand destruction and HDD share gains at flash memory's expense throughout FY 27 and FY 28 as pricing discrepancies widen, though results are being inflated in the interim by component cost pressures and customer pull-ins.

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Wire

IT Hardware Stocks May Not Fully Reflect Macro, Earnings Risks, Morgan Stanley Says

IT hardware stocks may not fully reflect growing macro and earnings risks despite strong recent gains and elevated valuations, Morgan Stanley said Thursday in a report.Hardware stocks have outperformed over the past three months as spending has remained stronger than expected, supported by enterprise customers pulling forward demand and optimism around the "CPU Renaissance" theme, the report said.Earnings revisions are near 15-year highs, while the next 12-month price-to-earnings ratio is about four times the prior peak, the report said. The market is underestimating risks tied to the memory supercycle, supply-chain shortages, and a more volatile macroeconomic backdrop, Morgan Stanley said."However, our concerns won't necessarily materialize in a broad-based cautionary off-cycle earnings period, as the near-term resilience in spend is creating a more H2-loaded catalyst path," the report said.Over the next two weeks, earnings are expected to be mixed, with Dell Technologies (DELL) likely to report the strongest results, followed by Hewlett Packard Enterprise (HPE) and Everpure (P), while HP (HPQ) and NetApp (NTAP) face a higher risk of weaker margins and EPS guidance, the report said.Morgan Stanley boosted its price target on Dell to $170 from $110, raised Hewlett Packard Enterprise to $33 from $25, and lifted HP to $17 from $16.Price: $247.29, Change: $+4.35, Percent Change: +1.79%

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Research

Citigroup Downgrades Everpure to Neutral From Buy, Price Target is $90

Everpure (P) has an average rating of overweight and mean price target of $89.89, according to analysts polled by FactSet.

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