Everpure (PSTG) Loses 10.3% as Traders Pocket Gains

We recently published 10 Stocks Investors Have Ditched. Everpure (NYSE:PSTG) was one of the worst performers on Thursday.

Everpure slashed its share prices by 10.30 percent on Thursday to finish at $65.98 apiece, as investors took early profits following the release of a strong earnings performance in fiscal year 2026.

In an earnings call, Everpure (NYSE:PSTG) said that it grew its net income for the full fiscal year by 76 percent to $188 million from $106.7 million, while revenues jumped by 15 percent to $3.66 billion from $3.17 billion.

In the fourth quarter alone, net income more than doubled to $100 million from only $42 million, while total revenues surged by 20 percent to $1.058 billion from $879 million.

“Everpure delivered an outstanding fourth quarter, achieving our first billion-dollar revenue quarter and capping off a strong fiscal year,” said Everpure (NYSE:PSTG) Chairman and CEO Charles Giancarlo.

“These results prove our impact in modernizing data storage. Our new name ‘Everpure’ represents the next step in our mission—enabling our customers to better manage and utilize their global data in the AI era,” he noted.

For the full fiscal year 2027, Everpure (NYSE:PSTG) is targeting to grow its revenues by 17 to 20 percent to a range of $4.3 billion to $4.4 billion, while targeting a 27 to 30 percent jump in revenues for the first quarter, to a range of $990 million to $1.01 billion.

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