The storage and data-management company told investors that sales to the largest cloud operators and AI-related demand should push fiscal 2027 growth to 37% to 38%. It led the index on a down day.
Everpure joined the S&P 500 on Monday. By Thursday it was the index's top performer, on a morning when most of its new peers were falling.
Shares of the company, which sells cloud storage and data-management services to businesses, rose about 18% on Thursday to near $129. At an investor presentation on Wednesday, it forecast revenue growth of 37% to 38% for fiscal 2027, driven by business with hyperscalers, the largest cloud operators, and by demand tied to artificial intelligence.
"Everpure is at an inflection point as we expand our horizons to managing data in the enterprise and solutions for hyperscalers," Chief Executive Charlie Giancarlo said during the presentation.
The forecast arrived in a hostile market for growth stocks. The 10-year Treasury yield set another 19-year high on Thursday and the 30-year touched its highest level since 2004. Higher yields reduce the present value of profits expected years from now, which typically weighs hardest on companies valued for future growth. The Nasdaq Composite was down nearly 1% by late morning.
Everpure's gain in that setting points to how much weight investors put on the size of the growth forecast, and on the hyperscaler segment in particular.
The forecast also gives investors a clear target to hold the company to. Hyperscaler spending can arrive in large, uneven orders, and a revenue plan that leans on a small number of very large customers can swing with their capital budgets. The company's next quarterly reports will show how quickly hyperscaler revenue is building toward the fiscal 2027 range, and whether the 37% to 38% forecast holds once those orders are on the books.