Key Highlights

  • USD 151.11 was the published market data price for Everpure (NYSE:P) on October 7, 2026, up 2.65% on the day, near a 52-week high, with a Market Value of about USD 50.35 billion.
  • USD 7.0 billion to USD 7.3 billion is the fiscal 2028 Revenue range Everpure set at its September 24, 2026 analyst meeting, far above the roughly USD 6.14 billion consensus cited in published market data.
  • 38% revenue growth to about USD 1.2 billion marked Everpure's fiscal second quarter, reported August 26, 2026, when management raised fiscal 2027 revenue guidance to USD 5.03 billion to USD 5.07 billion.
  • 2,864 shares were withheld for taxes from Everpure (NYSE:P) accounting chief Mona Chu on September 20, 2026 at USD 104.14, a filing code for withholding, not an open market sale.

Analyst Meeting Reset Expectations

Everpure (NYSE:P), the renamed Pure Storage, jumped about 13% to 16% on September 24, 2026, after its Financial Analyst Meeting laid out fiscal 2028 revenue of USD 7.0 billion to USD 7.3 billion, or roughly 39% to 45% growth. The company said it was at an inflection point and pointed to hyperscale customers as a new growth vector. Published market data show the shares were added to the S&P 500 earlier in September, and they have kept climbing since. On October 7, 2026, published market data show a price of USD 151.11, up 2.65%, against an average analyst target of USD 145.84. The move shows how much a changed long-term outlook can matter: the targets implied revenue could grow far faster than analysts had modelled before the meeting.

What Is Behind the Numbers

The fiscal second quarter showed the growth the targets lean on. Revenue rose 38% to about USD 1.2 billion, product revenue climbed 54% to USD 687 million, and subscription services grew 20% to USD 499 million, according to the company release. Remaining performance obligations, contracted revenue not yet recognized, reached USD 4.1 billion, up 44%. Non-GAAP Operating Margin was 19.4%, while GAAP operating margin was only 5.3%, a gap that reflects costs the company excludes from its adjusted figures. Management also licenses its DirectFlash Module technology to large cloud providers, which can add revenue without selling full arrays. Everpure's next Earnings report is scheduled for November 18, 2026, according to published market data.

Risks and What to Watch

Valuation is the first risk: published market data show a trailing P/E near 203, so results must keep surprising. Memory Supply is another. After the May report the shares fell about 14.8% as investors worried that NAND flash shortages explained part of the growth and squeezed product gross margin, which was 65.5%, down 180 basis points. Insiders have also sold: filings reported Chief Visionary Officer John Colgrove selling 100,000 shares near USD 124.63 and Chief Product Officer Ajay Singh 42,930 shares near USD 124.17. Peer NetApp (NASDAQ:NTAP) also hit highs on October 7, 2026. Simple arithmetic on two published numbers shows the price sits about 3.6% above the average target.

Where Things Stand

Everpure (NYSE:P) is near a fresh 52-week high mainly because its September 24, 2026 analyst meeting raised the long-term revenue path, after a fiscal second quarter that beat on growth and lifted guidance. No new company announcement was found for October 7, 2026, and the sale stub claimed for Mona Chu could not be verified. The stock now trades above the average analyst target, so the next test is the November 18, 2026 earnings report and memory cost trends.