Everpure (P)
Market Price (9/26/2026): $126.65 | Market Cap: $42.2 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Everpure (P)
Market Price (9/26/2026): $126.65Market Cap: $42.2 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10% Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 150x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 98x, P/EPrice/Earnings or Price/(Net Income) is 166x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 150x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 98x, P/EPrice/Earnings or Price/(Net Income) is 166x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/25/2026
Everpure (P) stock has gained about 60% since 5/31/2026 because of the following key factors:
1. Everpure delivered strong financial results in its fiscal second quarter of 2027 (which ended in August 2026) and provided an elevated outlook. The company reported earnings per share (EPS) of $0.70, significantly surpassing analysts' consensus estimates of $0.19. Additionally, quarterly revenue for fiscal Q2 2027 increased by 37.7% year-over-year, reaching $1.19 billion. The company's subscription-based "Evergreen//One" offering achieved an annualized contract value exceeding $1 billion.
2. The company significantly raised its fiscal year 2027 guidance and issued a robust preliminary fiscal year 2028 outlook, driven by increasing demand from AI data centers and new hyperscaler agreements. Everpure reaffirmed fiscal year 2027 revenue guidance of $5.03 billion to $5.07 billion, projecting 37% to 38% year-over-year growth. Furthermore, the preliminary outlook for fiscal year 2028 includes revenue targets of $7.0 billion to $7.3 billion, representing 39% to 45% growth, and non-GAAP operating income projected to increase by 80% to 100% to between $1.7 billion and $1.9 billion. This optimism is largely fueled by the growing traction of Everpure's all-flash storage solutions within AI data centers and a new supply agreement with a second major hyperscaler, expected to materially contribute to revenue starting in fiscal year 2028.
Show more
Everpure (P) stock has gained about 60% since 5/31/2026 because of the following key factors:
1. Everpure delivered strong financial results in its fiscal second quarter of 2027 (which ended in August 2026) and provided an elevated outlook. The company reported earnings per share (EPS) of $0.70, significantly surpassing analysts' consensus estimates of $0.19. Additionally, quarterly revenue for fiscal Q2 2027 increased by 37.7% year-over-year, reaching $1.19 billion. The company's subscription-based "Evergreen//One" offering achieved an annualized contract value exceeding $1 billion.
2. The company significantly raised its fiscal year 2027 guidance and issued a robust preliminary fiscal year 2028 outlook, driven by increasing demand from AI data centers and new hyperscaler agreements. Everpure reaffirmed fiscal year 2027 revenue guidance of $5.03 billion to $5.07 billion, projecting 37% to 38% year-over-year growth. Furthermore, the preliminary outlook for fiscal year 2028 includes revenue targets of $7.0 billion to $7.3 billion, representing 39% to 45% growth, and non-GAAP operating income projected to increase by 80% to 100% to between $1.7 billion and $1.9 billion. This optimism is largely fueled by the growing traction of Everpure's all-flash storage solutions within AI data centers and a new supply agreement with a second major hyperscaler, expected to materially contribute to revenue starting in fiscal year 2028.
Show more
Updated on 9/25/2026
Everpure (P) stock has gained about 60% since 5/31/2026 because of the following key factors:
1. Everpure delivered strong financial results in its fiscal second quarter of 2027 (which ended in August 2026) and provided an elevated outlook. The company reported earnings per share (EPS) of $0.70, significantly surpassing analysts' consensus estimates of $0.19. Additionally, quarterly revenue for fiscal Q2 2027 increased by 37.7% year-over-year, reaching $1.19 billion. The company's subscription-based "Evergreen//One" offering achieved an annualized contract value exceeding $1 billion.
2. The company significantly raised its fiscal year 2027 guidance and issued a robust preliminary fiscal year 2028 outlook, driven by increasing demand from AI data centers and new hyperscaler agreements. Everpure reaffirmed fiscal year 2027 revenue guidance of $5.03 billion to $5.07 billion, projecting 37% to 38% year-over-year growth. Furthermore, the preliminary outlook for fiscal year 2028 includes revenue targets of $7.0 billion to $7.3 billion, representing 39% to 45% growth, and non-GAAP operating income projected to increase by 80% to 100% to between $1.7 billion and $1.9 billion. This optimism is largely fueled by the growing traction of Everpure's all-flash storage solutions within AI data centers and a new supply agreement with a second major hyperscaler, expected to materially contribute to revenue starting in fiscal year 2028.
3. Everpure's inclusion in the S&P 500 Index generated significant buying pressure and signaled its growth into a large-cap company. The company announced on September 8, 2026, that it would join the S&P 500, effective prior to the open of trading on September 21, 2026. This promotion from the S&P MidCap 400 necessitates that passive funds tracking the S&P 500 acquire Everpure shares, thereby creating immediate buying demand.
4. Analyst upgrades and elevated price targets reflected strong confidence in Everpure's future growth prospects. Following the positive developments, several analysts upgraded the stock and increased their price targets. For instance, CFRA upgraded Everpure from "Sell" to "Buy" on September 25, 2026. TD Cowen boosted its price objective from $100.00 to $170.00 with a "buy" rating on August 18, 2026, and Wells Fargo & Company raised its target from $135.00 to $145.00, maintaining an "overweight" rating. The consensus rating for Everpure is "Moderate Buy," with an average price target of $138.25 as of September 25, 2026.
Show less
Everpure (P) stock has gained about 60% since 5/31/2026 because of the following key factors:
1. Everpure delivered strong financial results in its fiscal second quarter of 2027 (which ended in August 2026) and provided an elevated outlook. The company reported earnings per share (EPS) of $0.70, significantly surpassing analysts' consensus estimates of $0.19. Additionally, quarterly revenue for fiscal Q2 2027 increased by 37.7% year-over-year, reaching $1.19 billion. The company's subscription-based "Evergreen//One" offering achieved an annualized contract value exceeding $1 billion.
2. The company significantly raised its fiscal year 2027 guidance and issued a robust preliminary fiscal year 2028 outlook, driven by increasing demand from AI data centers and new hyperscaler agreements. Everpure reaffirmed fiscal year 2027 revenue guidance of $5.03 billion to $5.07 billion, projecting 37% to 38% year-over-year growth. Furthermore, the preliminary outlook for fiscal year 2028 includes revenue targets of $7.0 billion to $7.3 billion, representing 39% to 45% growth, and non-GAAP operating income projected to increase by 80% to 100% to between $1.7 billion and $1.9 billion. This optimism is largely fueled by the growing traction of Everpure's all-flash storage solutions within AI data centers and a new supply agreement with a second major hyperscaler, expected to materially contribute to revenue starting in fiscal year 2028.
3. Everpure's inclusion in the S&P 500 Index generated significant buying pressure and signaled its growth into a large-cap company. The company announced on September 8, 2026, that it would join the S&P 500, effective prior to the open of trading on September 21, 2026. This promotion from the S&P MidCap 400 necessitates that passive funds tracking the S&P 500 acquire Everpure shares, thereby creating immediate buying demand.
4. Analyst upgrades and elevated price targets reflected strong confidence in Everpure's future growth prospects. Following the positive developments, several analysts upgraded the stock and increased their price targets. For instance, CFRA upgraded Everpure from "Sell" to "Buy" on September 25, 2026. TD Cowen boosted its price objective from $100.00 to $170.00 with a "buy" rating on August 18, 2026, and Wells Fargo & Company raised its target from $135.00 to $145.00, maintaining an "overweight" rating. The consensus rating for Everpure is "Moderate Buy," with an average price target of $138.25 as of September 25, 2026.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 58.5% change in P stock from 5/31/2026 to 9/25/2026 was primarily driven by a 18.6% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.51 | 126.00 | 58.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,663 | 4,262 | 16.4% |
| Net Income Margin (%) | 5.1% | 5.9% | 15.7% |
| P/E Multiple | 139.6 | 165.6 | 18.6% |
| Shares Outstanding (Mil) | 330 | 333 | -0.7% |
| Cumulative Contribution | 58.5% |
Market Drivers
5/31/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| P | 58.5% | |
| Market (SPY) | 2.2% | 54.4% |
| Sector (XLK) | 2.9% | 61.0% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| P | ||
| Market (SPY) | 13.0% | 45.1% |
| Sector (XLK) | 41.8% | 54.5% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/25/2026| Return | Correlation | |
|---|---|---|
| P | ||
| Market (SPY) | 20.9% | 45.1% |
| Sector (XLK) | 50.4% | 54.5% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/25/2026| Return | Correlation | |
|---|---|---|
| P | ||
| Market (SPY) | 77.8% | 45.1% |
| Sector (XLK) | 127.9% | 54.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| P Return | - | - | - | - | - | 82% | 82% |
| Peers Return | 30% | -13% | 52% | 37% | 9% | 119% | 462% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| P Win Rate | - | - | - | - | - | 67% | |
| Peers Win Rate | 62% | 43% | 65% | 60% | 50% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| P Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -19% | -37% | -16% | -29% | -39% | -27% | |
| 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 9/25/2026 (YTD)
How Low Can It Go
P has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.0% | -9.5% |
| % Gain to Breakeven | 11.2% | 10.5% |
| Time to Breakeven | 15 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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P has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 797 days | 1085 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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.
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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.
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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.
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- Universal Music Group (UMG.AS)
- Sony Corporation (SONY)
- Warner Music Group Corp. (WMG)
- Amazon.com, Inc. (AMZN)
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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.
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Peer Outperformance in Technology Hardware, Storage & Peripherals
nullShare of Technology Hardware, Storage & Peripherals constituents that P has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
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insufficient peer history
3Y
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insufficient peer history
5Y
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insufficient peer history
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Median price return by industry across the Information Technology sector, ranked by 5Y. Technology Hardware, Storage & Peripherals is P's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 68.8% | 203.4% | 292.1% | TTMI 931% · FLEX 720% · SANM 472% |
| Semiconductor Materials & Equipment | 27 | 98.9% | 100.0% | 115.6% | AXTI 818% · AEHR 560% · LRCX 443% |
| Technology Distributors | 9 | 42.3% | 87.0% | 104.8% | CLMB 416% · AVT 210% · SNX 152% |
| Communications Equipment | 36 | 17.2% | 81.5% | 68.7% | AAOI 1301% · FEIM 1056% · LITE 988% |
| Electronic Components | 26 | 49.4% | 72.5% | 66.4% | CLS 3763% · BELFA 1387% · COHR 381% |
| Semiconductors | 55 | 34.1% | 43.0% | 40.1% | POET 1808% · MU 1399% · NVDA 924% |
| Technology Hardware, Storage & Peripherals ← | 20 | 22.7% | 129.4% | 33.3% | STX 1127% · DELL 1084% · SMCI 1060% |
| Internet Services & Infrastructure | 6 | 2.2% | 49.1% | 28.3% | DOCN 69% · GDDY 37% · VRSN 34% |
| Electronic Equipment & Instruments | 26 | -15.9% | 15.2% | -11.2% | PI 190% · OSIS 110% · KEYS 103% |
| IT Consulting & Other Services | 30 | -23.9% | -17.4% | -36.6% | CHRN 522268% · APLD 1124% · TSSI 797% |
| Application Software | 124 | -30.0% | -12.7% | -48.3% | VIDA 144067% · INLX 4910% · PLTR 564% |
| Systems Software | 72 | -20.8% | 11.1% | -63.1% | QNC 609% · ZETA 391% · PANW 358% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| What Are Everpure Stock Bulls Not Worried About? | 09/24/2026 | |
| Everpure Stock Rockets 41% With 7-Day Winning Streak | 08/15/2026 | |
| Everpure Stock 6-Day Winning Spree: Stock Climbs 40% | 08/14/2026 | |
| Everpure Stock On Fire: Up 33% With 5-Day Winning Streak | 08/13/2026 | |
| ARTICLES | ||
| 7 Green Days In A Row: Everpure Stock Is Up 41% | 08/17/2026 | |
| 6 Green Days In A Row: Everpure Stock Is Up 40% | 08/14/2026 | |
| 5 Green Days In A Row: Everpure Stock Is Up 33% | 08/13/2026 | |
| Mid Cap Stocks Trading At 52-Week High | 05/08/2026 | |
| Can Pandora End The Year On A Strong Note After Solid Q3? | 11/12/2018 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 163.57 |
| Mkt Cap | 63.0 |
| Rev LTM | 24,631 |
| Op Inc LTM | 2,604 |
| FCF LTM | 2,903 |
| FCF 3Y Avg | 1,970 |
| CFO LTM | 4,296 |
| CFO 3Y Avg | 3,273 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.5% |
| Rev Chg 3Y Avg | 14.1% |
| Rev Chg Q | 31.8% |
| QoQ Delta Rev Chg LTM | 7.3% |
| Op Inc Chg LTM | 60.1% |
| Op Inc Chg 3Y Avg | 33.8% |
| Op Mgn LTM | 9.6% |
| Op Mgn 3Y Avg | 7.5% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 18.8% |
| CFO/Rev 3Y Avg | 21.1% |
| FCF/Rev LTM | 14.5% |
| FCF/Rev 3Y Avg | 16.3% |
Price Behavior
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P Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.41 | 2.49 | 2.84 | -0.20 | -0.19 | 0.33 |
| Up Beta | 1.97 | 4.38 | 3.52 | -0.91 | 0.21 | -0.72 |
| Down Beta | 6.64 | 2.80 | 3.26 | -0.42 | 1.20 | 0.17 |
| Up Capture | 188% | 236% | 328% | 232% | 106% | 10% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 23 | 33 | 52 | 52 | 52 |
| Down Capture | -197% | 94% | 190% | 140% | 88% | 49% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 19 | 31 | 41 | 41 | 41 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with P | |
|---|---|---|---|---|
| P | 82.4% | 73.4% | 2.17 | - |
| Sector ETF (XLK) | 40.6% | 26.5% | 1.26 | 54.4% |
| Equity (SPY) | 17.1% | 13.0% | 0.95 | 44.9% |
| Gold (GLD) | 14.1% | 29.4% | 0.45 | 17.0% |
| Commodities (DBC) | 44.1% | 20.8% | 1.68 | -0.4% |
| Real Estate (VNQ) | 4.7% | 13.7% | 0.09 | -19.6% |
| Bitcoin (BTCUSD) | -25.5% | 44.8% | -0.53 | 17.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with P | |
|---|---|---|---|---|
| P | 12.7% | 73.4% | 2.17 | - |
| Sector ETF (XLK) | 21.1% | 26.0% | 0.72 | 54.4% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 44.9% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 17.0% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | -0.4% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | -19.6% |
| Bitcoin (BTCUSD) | 12.3% | 52.6% | 0.41 | 17.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with P | |
|---|---|---|---|---|
| P | 6.2% | 73.4% | 2.17 | - |
| Sector ETF (XLK) | 24.7% | 25.0% | 0.89 | 54.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 44.9% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | 17.0% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | -0.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | -19.6% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 17.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/04/2026 | 10-Q |
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/25/2026 | 10-K |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/11/2025 | 10-Q |
| 01/31/2025 | 03/27/2025 | 10-K |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 09/11/2024 | 10-Q |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 04/01/2024 | 10-K |
| 10/31/2023 | 12/15/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/16/2023 | 10-Q |
| 01/31/2023 | 04/03/2023 | 10-K |
| 10/31/2022 | 12/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/04/2026 | 10-Q |
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/25/2026 | 10-K |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/11/2025 | 10-Q |
| 01/31/2025 | 03/27/2025 | 10-K |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 09/11/2024 | 10-Q |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 04/01/2024 | 10-K |
| 10/31/2023 | 12/15/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/16/2023 | 10-Q |
| 01/31/2023 | 04/03/2023 | 10-K |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/15/2022 | 10-Q |
| 04/30/2022 | 06/16/2022 | 10-Q |
| 01/31/2022 | 04/07/2022 | 10-K |
| 10/31/2021 | 12/07/2021 | 10-Q |
| 07/31/2021 | 09/08/2021 | 10-Q |
| 04/30/2021 | 06/08/2021 | 10-Q |
| 01/31/2021 | 03/25/2021 | 10-K |
| 10/31/2020 | 12/09/2020 | 10-Q |
| 07/31/2020 | 09/11/2020 | 10-Q |
| 04/30/2020 | 06/11/2020 | 10-Q |
| 01/31/2020 | 03/27/2020 | 10-K |
| 10/31/2019 | 12/09/2019 | 10-Q |
Recent Forward Guidance
Updated 8/27/2026Latest: Q2 2027 Earnings Reported 8/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2027 Revenue | Reported | 1.32 Bil | 1.33 Bil | 1.33 Bil | ||||
| Q3 2027 Revenue YoY Growth Rate | Reported | 37.0% | 37.5% | 38.0% | ||||
| Q3 2027 Non-GAAP Operating Income | Reported | 265.00 Mil | 270.00 Mil | 275.00 Mil | ||||
| Q3 2027 Non-GAAP Operating Income YoY Growth Rate | Reported | 35.0% | 37.5% | 40.0% | ||||
| 2027 Revenue | Reported | 5.03 Bil | 5.05 Bil | 5.07 Bil | 13.2% | Raised | Guidance: 4.46 Bil for 2027 | |
| 2027 Revenue YoY Growth Rate | Reported | 37.0% | 37.5% | 38.0% | 16.0% | Raised | Guidance: 21.5% for 2027 | |
| 2027 Non-GAAP Operating Income | Reported | 940.00 Mil | 950.00 Mil | 960.00 Mil | 13.1% | Raised | Guidance: 840.00 Mil for 2027 | |
| 2027 Non-GAAP Operating Income YoY Growth Rate | Reported | 48.0% | 49.5% | 51.0% | 17.0% | Raised | Guidance: 32.5% for 2027 | |
Prior: Q1 2027 Earnings Reported 5/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Revenue | Reported | 1.09 Bil | 1.10 Bil | 1.10 Bil | ||||
| Q2 2027 Revenue YoY Growth Rate | Reported | 27.0% | 27.5% | 28.0% | ||||
| Q2 2027 Non-GAAP Operating Income | Reported | 195.00 Mil | 200.00 Mil | 205.00 Mil | ||||
| Q2 2027 Non-GAAP Operating Income YoY Growth Rate | Reported | 50.0% | 54.0% | 58.0% | ||||
| 2027 Revenue | Reported | 4.41 Bil | 4.46 Bil | 4.51 Bil | 2.5% | Raised | Guidance: 4.35 Bil for 2027 | |
| 2027 Revenue YoY Growth Rate | Reported | 20.0% | 21.5% | 23.0% | 3.0% | Raised | Guidance: 18.5% for 2027 | |
| 2027 Non-GAAP Operating Income | Reported | 820.00 Mil | 840.00 Mil | 860.00 Mil | 5.0% | Raised | Guidance: 800.00 Mil for 2027 | |
| 2027 Non-GAAP Operating Income YoY Growth Rate | Reported | 29.0% | 32.5% | 36.0% | 6.5% | Raised | Guidance: 26.0% for 2027 | |
Q4 2026 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | Reported | 990.00 Mil | 1.00 Bil | 1.01 Bil | -2.9% | Lower New | Actual: 1.03 Bil for Q4 2026 | |
| Q1 2027 Revenue YoY Growth Rate | Reported | 27.0% | 28.5% | 30.0% | 11.4% | Higher New | Actual: 17.05% for Q4 2026 | |
| Q1 2027 Non-GAAP Operating Income | Reported | 125.00 Mil | 130.00 Mil | 135.00 Mil | -42.2% | Lower New | Actual: 225.00 Mil for Q4 2026 | |
| Q1 2027 Non-GAAP Operating Income YoY Growth Rate | Reported | 51.0% | 57.0% | 63.0% | 10.0% | Higher New | Actual: 46.95% for Q4 2026 | |
| 2027 Revenue | Reported | 4.30 Bil | 4.35 Bil | 4.40 Bil | 19.7% | Higher New | Actual: 3.63 Bil for 2026 | |
| 2027 Revenue YoY Growth Rate | Reported | 17.0% | 18.5% | 20.0% | 3.8% | Higher New | Actual: 14.7% for 2026 | |
| 2027 Non-GAAP Operating Income | Reported | 780.00 Mil | 800.00 Mil | 820.00 Mil | 26.2% | Higher New | Actual: 634.00 Mil for 2026 | |
| 2027 Non-GAAP Operating Income YoY Growth Rate | Reported | 23.0% | 26.0% | 29.0% | 12.7% | Higher New | Actual: 13.3% for 2026 | |
Q3 2026 Earnings Reported 12/2/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | Reported | 1.02 Bil | 1.03 Bil | 1.04 Bil | ||||
| Q4 2026 Revenue Growth | Reported | 16.5% | 17.05% | 17.6% | ||||
| Q4 2026 Operating Income | Reported | 220.00 Mil | 225.00 Mil | 230.00 Mil | ||||
| Q4 2026 Non-GAAP Operating Income Growth | Reported | 43.7% | 46.95% | 50.2% | ||||
| 2026 Revenue | Reported | 3.63 Bil | 3.63 Bil | 3.64 Bil | 0.6% | Raised | Guidance: 3.62 Bil for 2026 | |
| 2026 Revenue Growth | Reported | 14.5% | 14.7% | 14.9% | 0.7% | Raised | Guidance: 14.0% for 2026 | |
| 2026 Operating Income | Reported | 629.00 Mil | 634.00 Mil | 639.00 Mil | 3.1% | Raised | Guidance: 615.00 Mil for 2026 | |
| 2026 Non-GAAP Operating Income Growth | Reported | 12.4% | 13.3% | 14.2% | 3.4% | Raised | Guidance: 9.95% for 2026 | |
Insider Activity
Updated 9/24/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9242026 | 115.96 | 100,000 | Form | ||
| 2 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9242026 | 110.56 | 100,000 | Form | ||
| 3 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9222026 | 110.35 | 100,000 | Form | ||
| 4 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 9142026 | 94.95 | 100,000 | 9,494,646 | 234,043,019 | Form |
| 5 | Giancarlo, Charles H | CEO | Direct | Sell | 9142026 | 95.11 | 70,000 | 6,657,577 | 146,428,371 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9242026 | 115.96 | 100,000 | Form | ||
| 2 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9242026 | 110.56 | 100,000 | Form | ||
| 3 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9222026 | 110.35 | 100,000 | Form | ||
| 4 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 9142026 | 94.95 | 100,000 | 9,494,646 | 234,043,019 | Form |
| 5 | Giancarlo, Charles H | CEO | Direct | Sell | 9142026 | 95.11 | 70,000 | 6,657,577 | 146,428,371 | Form |
| 6 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8172026 | 117.44 | 64,815 | Form | ||
| 7 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8172026 | 117.21 | 100,000 | Form | ||
| 8 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8132026 | 111.47 | 100,000 | Form | ||
| 9 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8132026 | 104.39 | 100,000 | Form | ||
| 10 | Giancarlo, Charles H | CEO | Direct | Sell | 8122026 | 98.94 | 70,000 | 6,925,759 | 159,252,579 | Form |
| 11 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8112026 | 95.26 | 100,000 | Form | ||
| 12 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 8112026 | 98.70 | 100,000 | 9,870,254 | 248,236,876 | Form |
| 13 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8112026 | 90.01 | 35,185 | Form | ||
| 14 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8062026 | 85.66 | 89,720 | Form | ||
| 15 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 7142026 | 79.82 | 100,000 | 7,982,329 | 204,746,739 | Form |
| 16 | Giancarlo, Charles H | CEO | Direct | Sell | 7132026 | 80.68 | 70,000 | 5,647,773 | 135,514,044 | Form |
| 17 | Giancarlo, Charles H | CEO | Direct | Sell | 7132026 | 80.05 | 65,800 | 5,267,290 | 140,055,240 | Form |
| 18 | Taylor, Susan JS | Direct | Sell | 7132026 | 81.74 | 8,543 | 698,305 | 7,733,258 | Form | |
| 19 | Singh, Ajay | Chief Product Officer | Direct | Sell | 7102026 | 78.12 | 9,787 | 764,560 | 26,634,155 | Form |
| 20 | Giancarlo, Charles H | CEO | Direct | Sell | 7022026 | 80.01 | 4,200 | 336,042 | 145,249,914 | Form |
| 21 | Brown, Andrew William Fraser | Direct | Sell | 6292026 | 72.57 | 4,735 | 343,619 | 2,008,955 | Form | |
| 22 | Yen, Mallun | Direct | Sell | 6242026 | 76.90 | 4,735 | 364,122 | 3,328,309 | Form | |
| 23 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 6122026 | 71.04 | 99,900 | 7,096,769 | 185,766,288 | Form |
| 24 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 6122026 | 70.00 | 100 | 7,000 | 186,543,000 | Form |
| 25 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 6042026 | 85.32 | 10,280 | Form | ||
| 26 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 5132026 | 84.04 | 100,000 | Form | ||
| 27 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5132026 | 87.82 | 100,000 | 8,781,933 | 234,038,511 | Form |
| 28 | Giancarlo, Charles H | CEO | Direct | Sell | 5132026 | 87.66 | 580,000 | 50,845,327 | 162,146,889 | Form |
| 29 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5072026 | 75.31 | 29,108 | 2,192,123 | 35,222,035 | Form |
| 30 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5072026 | 75.01 | 27,578 | 2,068,626 | 37,265,118 | Form |
| 31 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5072026 | 75.12 | 77,579 | 5,827,734 | 39,391,426 | Form |
| 32 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4282026 | 70.01 | 28,935 | Form | ||
| 33 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4232026 | 70.06 | 71,959 | 5,041,367 | 2,027,154 | Form |
| 34 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4232026 | 70.50 | 82,266 | 5,799,879 | 4,718,456 | Form |
| 35 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4232026 | 70.06 | 16,840 | 1,179,810 | 6,613,033 | Form |
| 36 | Murphy, John Francis | Direct | Sell | 1062026 | 68.89 | 4,038 | 278,178 | 1,079,369 | Form | |
| 37 | Singh, Ajay | Chief Product Officer | Direct | Sell | 12232025 | 67.14 | 7,178 | 481,931 | 14,441,210 | Form |
| 38 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 12092025 | 71.31 | 100,000 | Form | ||
| 39 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 11122025 | 91.59 | 100,000 | 9,158,935 | 9,158,935 | Form |
| 40 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 10162025 | 92.49 | 100,000 | 9,248,931 | 18,497,863 | Form |
| 41 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 10012025 | 84.91 | 9,091 | 771,917 | 9,115,343 | Form |
| 42 | Singh, Ajay | Chief Product Officer | Direct | Sell | 9262025 | 85.85 | 7,014 | 602,152 | 19,686,006 | Form |
| 43 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 9232025 | 88.08 | 5,155 | 454,052 | 10,256,388 | Form |
| 44 | Fitzsimons, Dan | Chief Revenue Officer | Direct | Sell | 9232025 | 87.42 | 6,051 | 528,978 | 5,486,392 | Form |
| 45 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9222025 | 87.33 | 100,000 | 8,733,094 | 26,199,282 | Form |
| 46 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 9172025 | 84.39 | 12,299 | 1,037,913 | 10,683,774 | Form |
| 47 | Singh, Ajay | Chief Product Officer | Direct | Sell | 9122025 | 82.38 | 18,280 | 1,505,906 | 20,033,580 | Form |
| 48 | Taylor, Roxanne | Direct | Sell | 9052025 | 76.93 | 3,000 | 230,790 | 1,257,267 | Form | |
| 49 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 9042025 | 76.51 | 17,500 | 1,338,925 | 10,627,162 | Form |
Investor Activity (13F)
Updated Sep 26, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
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Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/25/2026