Under the Radar: S&P 500-Newcomer Everpure Soars on AI Demand Forecast
Dow Jones
Yesterday
Everpure shares soared 18% on Thursday after the enterprise cloud storage and data-management company said it is expecting hyperscaler business and AI demand to boost revenue growth.
The company joined the S&P 500 Monday and is, so far, today's best performer.
In a Wednesday investor presentation, the company said it is projecting 37% to 38% year-over-year revenue growth in fiscal 2027.
"Everpure is at an inflection point as we expand our horizons to managing data in the enterprise and solutions for hyperscalers," said Charlie Giancarlo, chief executive officer at Everpure, during the presentation.
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