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Everpure (P)

Market Price (5/19/2026): $77.0 | Market Cap: $25.4 Bil
Sector: Communication Services | Industry: Broadcasting

Everpure (P)

Market Price (5/19/2026): $77.0
Market Cap: $25.4 Bil
Sector: Communication Services
Industry: Broadcasting

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%

Megatrend and thematic drivers
Megatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management.

Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -64%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13%

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
2 Megatrend and thematic drivers
Megatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management.
3 Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -64%
4 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Everpure (P) stock has gained about 15% since it went public on 4/17/2026 because of the following key factors:

1. Strong Fiscal Year 2026 Fourth Quarter Financial Performance.

Everpure, Inc. reported robust financial results for its fourth quarter of fiscal year 2026 on February 25, 2026, prior to its ticker symbol change. The company achieved its first billion-dollar revenue quarter, with revenue increasing 20.4% year-over-year to $1.06 billion, surpassing analyst estimates of $1.03 billion. Earnings per share (EPS) of $0.69 also exceeded the consensus forecast of $0.65. Full-year fiscal year 2026 revenue reached $3.7 billion, and net income saw a significant 76% increase from the previous fiscal year, reaching $188.2 million.

2. Strategic Rebrand and Enhanced Focus on AI and Data Management.

The company's rebrand from Pure Storage to Everpure, effective with its ticker symbol change to "P" on April 17, 2026, signals a strategic pivot from traditional storage solutions to a comprehensive, AI-ready data management platform. This rebrand emphasizes Everpure's goal to empower organizations by making their data accessible, intelligent, and optimized for the AI era. This forward-looking strategic shift resonated positively with investors, contributing to the stock's upward movement.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

1/31/2026 to 5/18/2026
ReturnCorrelation
P  
Market (SPY)7.0%25.3%
Sector (XLC)-2.3%-36.2%

Fundamental Drivers

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Market Drivers

10/31/2025 to 5/18/2026
ReturnCorrelation
P  
Market (SPY)8.9%25.3%
Sector (XLC)2.5%-36.2%

Fundamental Drivers

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Market Drivers

4/30/2025 to 5/18/2026
ReturnCorrelation
P  
Market (SPY)34.7%25.3%
Sector (XLC)24.1%-36.2%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/18/2026
ReturnCorrelation
P  
Market (SPY)84.5%25.3%
Sector (XLC)101.8%-36.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
P Return-----21%21%
Peers Return30%-13%52%37%9%22%213%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
P Win Rate-----100% 
Peers Win Rate62%43%65%60%50%60% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
P Max Drawdown------ 
Peers Max Drawdown-19%-37%-16%-29%-39%-22% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: DELL, HPE, NTAP, IBM, NTNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/18/2026 (YTD)

How Low Can It Go

P has limited trading history. Below is the Communication Services sector ETF (XLC) in its place.

EventXLCS&P 500
2025 US Tariff Shock
  % Loss-17.7%-18.8%
  % Gain to Breakeven21.5%23.1%
  Time to Breakeven63 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-38.7%-24.5%
  % Gain to Breakeven63.1%32.4%
  Time to Breakeven470 days427 days
2020 COVID-19 Crash
  % Loss-30.1%-33.7%
  % Gain to Breakeven43.2%50.9%
  Time to Breakeven112 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.2%-19.2%
  % Gain to Breakeven25.3%23.8%
  Time to Breakeven109 days105 days

Compare to DELL, HPE, NTAP, IBM, NTNX

In The Past

State Street Communication Services Select Sector SPDR ETF's stock fell -17.7% during the 2025 US Tariff Shock. Such a loss loss requires a 21.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

P has limited trading history. Below is the Communication Services sector ETF (XLC) in its place.

EventXLCS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-38.7%-24.5%
  % Gain to Breakeven63.1%32.4%
  Time to Breakeven470 days427 days
2020 COVID-19 Crash
  % Loss-30.1%-33.7%
  % Gain to Breakeven43.2%50.9%
  Time to Breakeven112 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.2%-19.2%
  % Gain to Breakeven25.3%23.8%
  Time to Breakeven109 days105 days

Compare to DELL, HPE, NTAP, IBM, NTNX

In The Past

State Street Communication Services Select Sector SPDR ETF's stock fell -17.7% during the 2025 US Tariff Shock. Such a loss loss requires a 21.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Everpure (P)

Pandora Media, Inc. provides Internet music platform services in North America. The company allows its listeners to create personalized stations to access music and comedy catalogs, as well as personalized playlist generating system; and offers Pandora Plus and Pandora Premium, a paid subscription service to listeners. Pandora Media, Inc. also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms. In addition, the company offers ticketing and marketing software and services for venues and event promoters to promote their events, as well as allow fans to find and purchase tickets for events. Pandora Media, Inc. was founded in 2000 and is headquartered in Oakland, California.

AI Analysis | Feedback

Here are 1-3 brief analogies for Pandora Media, Inc. (symbol: P):

  • Spotify for personalized radio stations.
  • YouTube for audio, specializing in personalized music and comedy.

AI Analysis | Feedback

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AI Analysis | Feedback

Pandora Media, Inc. (P) primarily serves individuals as the end-users of its core music and comedy streaming platform, while also catering to businesses through its advertising and event services. Its major customer categories include:

  • Individual Listeners and Subscribers: These are the core users who access Pandora's personalized music and comedy content. This category includes both users of the free, ad-supported service and subscribers to paid tiers such as Pandora Plus and Pandora Premium.
  • Advertisers: Businesses and organizations that purchase audio, display, and video advertising space on Pandora's platform to reach its diverse audience across various connected devices.
  • Entertainment Industry Businesses: This category encompasses venues and event promoters who utilize Pandora's specialized ticketing and marketing software and services to promote their events and facilitate ticket sales.

AI Analysis | Feedback

  • Universal Music Group (UMG.AS)
  • Sony Corporation (SONY)
  • Warner Music Group Corp. (WMG)
  • Amazon.com, Inc. (AMZN)

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

1. Dominance of comprehensive on-demand music streaming platforms: The emergence and rapid growth of services like Spotify and Apple Music, which offered vast on-demand music libraries alongside advanced personalization features, directly threatened Pandora's core internet radio model. These platforms shifted consumer expectations toward greater control over music selection and a more expansive listening experience, putting pressure on Pandora to adapt its offerings.

2. Deep integration of music services within technology ecosystems: Major technology companies such as Apple, Amazon, and Google leveraged their dominant hardware and software ecosystems (e.g., iPhones, Android devices, smart speakers) to integrate and promote their own music streaming services. This created a significant competitive disadvantage for standalone platforms like Pandora, making it harder to acquire and retain users who increasingly defaulted to pre-installed or seamlessly integrated services within their chosen device ecosystems.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

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Latest Trefis Analyses

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Trade Ideas

Select ideas related to P.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CMCSA_4242026_Dip_Buyer_FCFYield04242026CMCSAComcastDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.9%-1.9%-2.9%
TTD_4022026_Dip_Buyer_High_CFO_Margins_ExInd_DE04022026TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		7.0%7.0%-8.9%
META_3272026_Dip_Buyer_ValueBuy03272026METAMeta PlatformsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		16.4%16.4%0.0%
CARG_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V203062026CARGCarGurusInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		8.3%8.3%-8.3%
YELP_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026YELPYelpDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		31.6%31.6%-5.7%

Recent Active Movers

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Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

PDELLHPENTAPIBMNTNXMedian
NameEverpure Dell Tec.Hewlett .NetApp Internat.Nutanix  
Mkt Price77.07238.0333.00120.60222.7547.4598.83
Mkt Cap-157.144.023.9209.112.744.0
Rev LTM3,663113,53835,7436,70968,9122,68621,226
Op Inc LTM1158,2511,7171,55812,9462131,638
FCF LTM6168,5522,1541,60912,2587771,882
FCF 3Y Avg5425,4472,1441,34412,2696041,744
CFO LTM88011,1854,4871,79213,9928323,140
CFO 3Y Avg7708,1274,5651,51413,9886743,040

Growth & Margins

PDELLHPENTAPIBMNTNXMedian
NameEverpure Dell Tec.Hewlett .NetApp Internat.Nutanix  
Rev Chg LTM15.6%18.8%14.5%3.1%9.7%15.9%15.0%
Rev Chg 3Y Avg10.1%4.4%7.1%1.3%4.5%16.3%5.8%
Rev Chg Q20.4%39.5%18.4%4.4%9.5%10.4%14.4%
QoQ Delta Rev Chg LTM5.1%9.1%4.2%1.1%2.0%2.6%3.4%
Op Inc Chg LTM13.5%29.2%-29.0%11.4%26.0%209.6%19.7%
Op Inc Chg 3Y Avg11.3%13.2%-8.9%11.1%15.6%192.4%12.3%
Op Mgn LTM3.1%7.3%4.8%23.2%18.8%7.9%7.6%
Op Mgn 3Y Avg3.1%6.9%6.9%21.5%16.8%3.0%6.9%
QoQ Delta Op Mgn LTM1.1%0.2%0.0%0.6%0.3%0.5%0.4%
CFO/Rev LTM24.0%9.9%12.6%26.7%20.3%31.0%22.2%
CFO/Rev 3Y Avg23.9%8.1%14.7%23.3%21.7%28.4%22.5%
FCF/Rev LTM16.8%7.5%6.0%24.0%17.8%28.9%17.3%
FCF/Rev 3Y Avg16.8%5.4%6.9%20.7%19.0%25.4%17.9%

Valuation

PDELLHPENTAPIBMNTNXMedian
NameEverpure Dell Tec.Hewlett .NetApp Internat.Nutanix  
Mkt Cap-157.144.023.9209.112.744.0
P/S-1.41.23.63.04.73.0
P/Op Inc-19.025.615.316.159.719.0
P/EBIT-17.825.615.116.744.717.8
P/E-26.5-373.119.719.447.719.7
P/CFO-14.09.813.314.915.314.0
Total Yield-4.7%1.3%6.8%8.1%2.1%4.7%
Dividend Yield-0.9%1.6%1.7%3.0%0.0%1.6%
FCF Yield 3Y Avg-7.8%8.2%6.4%5.9%4.3%6.4%
D/E-0.20.50.10.30.10.2
Net D/E-0.10.4-0.00.3-0.00.1

Returns

PDELLHPENTAPIBMNTNXMedian
NameEverpure Dell Tec.Hewlett .NetApp Internat.Nutanix  
1M Rtn15.1%21.1%24.8%15.4%-11.5%18.5%16.9%
3M Rtn15.1%102.6%46.4%18.4%-14.5%13.6%16.7%
6M Rtn15.1%95.2%57.4%14.1%-24.1%-26.5%14.6%
12M Rtn15.1%111.0%90.6%22.3%-14.4%-42.7%18.7%
3Y Rtn15.1%424.2%149.9%95.0%92.8%85.2%93.9%
1M Excs Rtn11.2%17.2%20.9%11.5%-15.4%14.6%13.0%
3M Excs Rtn6.9%96.9%43.0%11.8%-21.3%7.7%9.7%
6M Excs Rtn5.2%68.6%35.8%1.3%-35.9%-38.5%3.2%
12M Excs Rtn-10.0%92.2%66.9%-2.0%-39.5%-66.3%-6.0%
3Y Excs Rtn-64.1%380.8%80.7%24.3%23.7%16.9%24.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Product revenue1,6991,6231,7921,4421,144
Subscription services revenue1,4691,208961739540
Total3,1682,8312,7532,1811,684


Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity10.7 Mil
Short Interest: % Change Since 415202659.3%
Average Daily Volume2.4 Mil
Days-to-Cover Short Interest4.4 days
Basic Shares Quantity330.5 Mil
Short % of Basic Shares3.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/25/202610-K
10/31/202512/10/202510-Q
07/31/202509/10/202510-Q
04/30/202506/11/202510-Q
01/31/202503/27/202510-K
10/31/202412/12/202410-Q
07/31/202409/11/202410-Q
04/30/202406/13/202410-Q
01/31/202404/01/202410-K
10/31/202312/15/202310-Q
07/31/202309/14/202310-Q
04/30/202306/16/202310-Q
01/31/202304/03/202310-K
10/31/202212/15/202210-Q
07/31/202209/15/202210-Q
04/30/202206/16/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2026 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Revenue990.00 Mil1.00 Bil1.01 Bil-2.9% LoweredGuidance: 1.03 Bil for Q4 2026
Q1 2027 Revenue Growth27.0%28.5%30.0%67.2%11.4%RaisedGuidance: 17.05% for Q4 2026
Q1 2027 Operating Income125.00 Mil130.00 Mil135.00 Mil-42.2% LoweredGuidance: 225.00 Mil for Q4 2026
Q1 2027 Non-GAAP Operating Income YoY Growth Rate51.0%57.0%63.0%21.4%10.0%RaisedGuidance: 46.95% for Q4 2026
2027 Revenue4.30 Bil4.35 Bil4.40 Bil19.7% RaisedGuidance: 3.63 Bil for 2026
2027 Revenue Growth17.0%18.5%20.0%25.8%3.8%RaisedGuidance: 14.7% for 2026
2027 Operating Income780.00 Mil800.00 Mil820.00 Mil26.2% RaisedGuidance: 634.00 Mil for 2026
2027 Non-GAAP Operating Income YoY Growth Rate23.0%26.0%29.0%95.5%12.7%RaisedGuidance: 13.3% for 2026

Prior: Q3 2026 Earnings Reported 12/2/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Revenue1.02 Bil1.03 Bil1.04 Bil7.8% Higher NewGuidance: 955.00 Mil for Q3 2026
Q4 2026 Revenue Growth16.5%17.05%17.6%14.4%2.2%Higher NewGuidance: 14.9% for Q3 2026
Q4 2026 Operating Income220.00 Mil225.00 Mil230.00 Mil18.4% Higher NewGuidance: 190.00 Mil for Q3 2026
Q4 2026 Non-GAAP Operating Income YoY Growth Rate43.7%46.95%50.2%245.2%33.4%Higher NewGuidance: 13.6% for Q3 2026
2026 Revenue3.63 Bil3.63 Bil3.64 Bil0.6% RaisedGuidance: 3.62 Bil for 2026
2026 Revenue Growth14.5%14.7%14.9%5.0%0.7%RaisedGuidance: 14.0% for 2026
2026 Operating Income629.00 Mil634.00 Mil639.00 Mil3.1% RaisedGuidance: 615.00 Mil for 2026
2026 Non-GAAP Operating Income YoY Growth Rate12.4%13.3%14.2%33.7%3.4%RaisedGuidance: 9.95% for 2026

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Colgrove, JohnChief Visionary OfficerCRTSell513202684.04100,000  Form
2Colgrove, JohnChief Visionary OfficerTrustSell513202687.82100,0008,781,933234,038,511Form
3Giancarlo, Charles HCEODirectSell513202687.66580,00050,845,327162,146,889Form
4Colgrove, JohnChief Visionary OfficerTrustSell507202675.3129,1082,192,12335,222,035Form
5Colgrove, JohnChief Visionary OfficerTrustSell507202675.0127,5782,068,62637,265,118Form

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