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NEW YORK, June 25, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with AlgerFounded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/news...

NEW YORK, June 22, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with Alger Founded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/new...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Everpure (NYSE:P) agreed to acquire data intelligence specialist 1touch for $125 million, expanding its capabilities in data discovery and orchestration. The acquisition supports Everpure's Evergreen Storage-as-a-Service platform, which is aimed at building more recurring revenue from enterprise customers. Everpure's proprietary all-flash storage technology is being used to address data bottlenecks in AI infrastructure, reinforcing its role as a core supplier to AI workloads. Everpure, trading at $66.53, has seen the stock climb 21.1% over the past year and 245.6% over the past five years, even with a pullback of 17.7% over the past week and 23.8% over the past month. That mix of long term gains and recent weakness puts more attention on how the 1touch deal and Evergreen Storage-as-a-Service push reshape the business profile and risk reward for NYSE:P. The move toward a larger recurring revenue base and deeper involvement in AI infrastructure could change how investors think about Everpure's resilience and revenue mix over time. For readers tracking NYSE:P, the key questions now are how quickly 1touch is integrated, how Evergreen adoption develops, and whether the company's pricing power in all-flash storage holds as AI-related demand evolves. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. 4 things going right for Everpure that this headline doesn't cover. Everpure’s purchase of 1touch ties directly into its push to be more than a pure hardware vendor, by adding data discovery, classification, and governance on top of its all flash arrays. For customers running AI workloads, that combination matters because storing data efficiently is only half the problem, the other half is knowing where sensitive data sits, who can access it, and how it moves between on premises and cloud environments. Layering 1touch’s intelligence into Evergreen Storage as a Service could deepen Everpure’s role inside large enterprises and support subscription style contracts that...

Everpure’s first quarter results came in above Wall Street’s revenue and profit expectations, but the market responded negatively, with shares down over 11% after the report. Management pointed to broad-based demand across core and commercial businesses as well as ongoing customer adoption of AI-ready storage solutions. CEO Charles H. Giancarlo described the quarter’s environment as “very dynamic,” emphasizing that a third of the company’s growth came from price increases and customers pulling forward purchases to avoid future cost hikes. He also acknowledged the unprecedented nature of the current supply chain and component pricing environment, which has led to higher sales per unit and increased urgency from clients. Is now the time to buy P? Find out in our full research report (it’s free). Revenue: $1.05 billion vs analyst estimates of $1.00 billion (35.2% year-on-year growth, 5% beat) Adjusted EPS: $0.47 vs analyst estimates of $0.40 (18.9% beat) The company lifted its revenue guidance for the full year to $4.46 billion at the midpoint from $4.35 billion, a 2.5% increase Operating Margin: 1.9%, up from -4% in the same quarter last year Annual Recurring Revenue: $2.04 billion (19% year-on-year growth, beat) Billings: $1.20 billion at quarter end, up 48.4% year on year Market Capitalization: $27.56 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Amit Daryanani (Evercore): asked about the implied second-half deceleration and whether it was due to conservatism or expected changes in demand. CEO Charles H. Giancarlo explained the unpredictability of both demand and supply in the current environment, noting, “it is more a matter of not knowing what the second half of the year has in store for us.” Aaron Rakers (Wells Fargo): inquired about the technical shift toward prompt caching and memory needs in AI workloads. Chief Technology and Growth Officer Robert Lee discussed how increasing data and context requirements are driving up demand for both memory and storage, and highlighted ongoing collaboration with NVIDIA. Howard Ma (Guggenheim Securities): sought quantification of hyperscaler order commitments. CFO Ta...

For the quarter ended April 2026, Everpure (P) reported revenue of $1.05 billion, up 35.3% over the same period last year. EPS came in at $0.47, compared to $0.29 in the year-ago quarter. The reported revenue represents a surprise of +4.47% over the Zacks Consensus Estimate of $1.01 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +17.18%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Everpure performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Product: $576.54 million compared to the $525.51 million average estimate based on nine analysts. The reported number represents a change of +54.9% year over year. Revenue- Subscription services: $476.35 million versus $464.8 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.2% change. Non-GAAP Gross profit- Subscription services: $360.32 million versus the eight-analyst average estimate of $359.46 million. Non-GAAP Gross profit- Product: $377.73 million versus $348.37 million estimated by eight analysts on average. View all Key Company Metrics for Everpure here>>> Shares of Everpure have returned +2.2% over the past month versus the Zacks S&P 500 composite's +6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Everpure, Inc. (P) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue Growth: 35% year-over-year increase. Operating Profit: Nearly doubled to $159 million. Product Revenue: Grew 55% year-over-year to $577 million. Gross Margin: Total gross margin at 70.1%; Product gross margin at 65.5%. Subscription Services Revenue: $476 million, up 17% year-over-year. Annual Recurring Revenue (ARR): Grew 19% to over $2 billion. Cash Flow from Operations: $180 million. Free Cash Flow: $112 million. Share Repurchase: 1.3 million shares repurchased, totaling $84 million. Headcount: Increased by 211 employees to 6,600. Q2 Revenue Guidance: $1.095 billion to $1.105 billion. Q2 Operating Profit Guidance: $195 million to $205 million. Full Year Revenue Guidance: $4.41 billion to $4.51 billion. Full Year Operating Profit Guidance: $820 million to $860 million. Warning! GuruFocus has detected 3 Warning Sign with P. Is P fairly valued? Test your thesis with our free DCF calculator. Release Date: May 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Everpure Inc (NYSE:P) reported a strong Q1 fiscal 2027 with a 35% year-over-year revenue growth and a 90% increase in operating profit. The company achieved significant market share gains, with new customer logos up 20% year-on-year and large deals above $5 million increasing in high double-digits. Evergreen/One Storage-as-a-Service sales grew 73% year-on-year, reflecting strong customer interest in the operational and financial benefits of the model. The acquisition of 1touch is expected to enhance Everpure's capabilities in data management, offering customers comprehensive data cataloging and management solutions. Everpure's Enterprise Data Cloud strategy is gaining momentum, with Purity Fusion adoption doubling in Q1, indicating strong customer interest in building their own data clouds. The ongoing supply chain crisis has led to significant cost increases, impacting product gross margins and creating uncertainty in future pricing and supply availability. Despite strong Q1 results, there is uncertainty about demand sustainability in the second half of the fiscal year due to potential demand destruction from high prices. The hyperscale product revenue was minimal in Q1, with significant contributions expected only in the second half of the fiscal year, creating dependency on future performance. E...

Everpure stock slid after the enterprise data storage company reported fiscal first quarter results.

Everpure P reported first-quarter fiscal 2027 non-GAAP earnings of 47 cents per share, which surpassed the Zacks Consensus Estimate by 17.5%. The company had posted non-GAAP EPS of 29 cents in the prior-year quarter. Quarterly revenues of $1.1 billion surpassed the consensus mark by 4.47%. Revenues increased 35% year over year, driven by strong enterprise demand, accelerating AI infrastructure deployments and higher adoption of subscription offerings. Subscription annual recurring revenue (ARR) rose 19% year over year to more than $2 billion. Everpure, Inc. price-consensus-eps-surprise-chart | Everpure, Inc. Quote Product revenues increased 55% year over year to $577 million, accounting for approximately 55% of total revenues. Management attributed the strong performance to broad-based momentum across enterprise and commercial customers, higher competitive win rates and growing adoption of Everpure’s storage platform. Large deals exceeding $5 million increased at a high double-digit rate compared with the prior-year quarter. The company added 275 new customers during the quarter, while its penetration within the Fortune 500 expanded to 64%. Commercial business momentum also remained strong, with 223 new logos added. Everpure continued gaining traction in AI-focused deployments during the quarter. FlashBlade//EXA secured additional wins tied to AI and machine-learning workloads, including GPU-accelerated trading applications in the financial services market. Management noted that the company is increasingly displacing competing AI storage products in enterprise and neo-cloud environments. Everpure also highlighted growing engagement with hyperscalers and large cloud providers as it invests in system qualification programs and prepares for a stronger hyperscale revenue contribution in the second half of fiscal 2027. The company also completed the acquisition of 1touch during the quarter. The deal expands Everpure’s data management capabilities through advanced data discovery, classification and semantic-context technologies aimed at AI-ready enterprise environments. Subscription services revenues rose 17% year over year to $476 million and represented 45% of total revenues. The growth reflected continued traction in Evergreen//One and related storage-as-a-service offerings. Total contract value sales for storage-as-a-service offerings climbed 73% year over yea...

Data storage solutions provider Everpure (NYSE:P) reported Q1 CY2026 results exceeding the market’s revenue expectations , with sales up 35.2% year on year to $1.05 billion. Revenue guidance for the full year exceeded analysts’ estimates, but next quarter’s guidance of $553 million was less impressive, coming in 47.2% below expectations. Its non-GAAP profit of $0.47 per share was 18.9% above analysts’ consensus estimates. Is now the time to buy P? Find out in our full research report (it’s free). Revenue: $1.05 billion vs analyst estimates of $1.00 billion (35.2% year-on-year growth, 5% beat) Adjusted EPS: $0.47 vs analyst estimates of $0.40 (18.9% beat) Adjusted EBITDA: $199 million vs analyst estimates of $175.6 million (18.9% margin, 13.3% beat) The company lifted its revenue guidance for the full year to $4.46 billion at the midpoint from $4.35 billion, a 2.5% increase Operating Margin: 1.9%, up from -4% in the same quarter last year Annual Recurring Revenue: $1.99 billion (16% year-on-year growth, beat) Billings: $1.20 billion at quarter end, up 48.4% year on year Market Capitalization: $28.48 billion Everpure’s first quarter results came in above Wall Street’s revenue and profit expectations, but the market responded negatively, with shares down over 11% after the report. Management pointed to broad-based demand across core and commercial businesses as well as ongoing customer adoption of AI-ready storage solutions. CEO Charles H. Giancarlo described the quarter’s environment as “very dynamic,” emphasizing that a third of the company’s growth came from price increases and customers pulling forward purchases to avoid future cost hikes. He also acknowledged the unprecedented nature of the current supply chain and component pricing environment, which has led to higher sales per unit and increased urgency from clients. Looking ahead, Everpure’s updated annual guidance reflects confidence in continued demand despite a challenging supply chain backdrop and increasing component costs. Management expects revenue momentum to remain strong, driven by the ramp-up of hyperscale product shipments and the expanding appeal of the Evergreen//1 storage-as-a-service model. CFO Tarek A. Robbiati cautioned that while the pipeline remains healthy, the company’s full-year outlook remains conservative due to ongoing volatility in component pricing and supply availability, st...

(Bloomberg) -- While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise. Most Read from Bloomberg Singapore Hands Byju's Founder His First Ever Jail Term Iran’s Khamenei Says No Going Back for Middle East Rocked by War Ex-President Biden Sues to Stop DOJ Sharing Interview Tapes Two More Oil Supertankers Exit Hormuz to Help Push Up Flows ‘KPop Demon Hunters’ Studio Draws Tencent Music Investment Salesforce is up 8% since hitting a three-year low on April 10, but the stock still has lost 32% this year. It’s badly underperforming the iShares Expanded Tech-Software Sector exchange-traded fund, which has jumped 25% since hitting its own recent low on April 10 and is down 12% this year. And both are being trounced by the technology-heavy Nasdaq 100 Index’s 19% rise in 2026, largely powered by high-flying chipmakers. Salesforce shares dipped 0.1% on Wednesday afternoon. “It has gone through a very painful period, but there’s a stickiness and staple-like nature to the business that people have underestimated, even though revenue is still growing at a decent pace,” said Brian Kersmanc, portfolio manager at GQG Partners, which owns Salesforce shares. “Now that we’ve had this big washout, I think we’re going to start seeing the merits shine through.” Software stocks are getting some life as encouraging corporate earnings reports indicate that AI may not end up devastating growth like investors had assumed, and in some cases it could be a potential tailwind. That, coupled with valuations that fell to rock-bottom levels, has Wall Street thinking that the industrywide weakness from earlier this year may have gone too far. Salesforce, however, has missed much of the bounce back as it continues to face questions about its prospects. Wall Street’s primary concern is competition from Anthropic and OpenAI weakening demand and pricing power for its customer relationship management software, which for years drove robust growth at high margins. For example, Bank of America last week reinstated coverage of the company with an underperform rating due to “structurally lower growth” and greater competitive risks from AI. “Salesforce remains a deeply entrenched platform, yet we expect a structural reset driven...

Interested in Everpure, Inc.? Here are five stocks we like better. Everpure delivered a strong Q1, with revenue up 35% year over year to roughly $1.05 billion and operating profit nearly doubling to $159 million. Both metrics beat the top end of guidance, and the company raised full-year fiscal 2027 revenue and operating profit outlooks. Pricing pressure and supply shortages are driving results, as management said AI-related component scarcity pushed prices sharply higher and accelerated some customer buying. Everpure said it has raised prices more cautiously than peers and expects continued volatility and limited visibility in the second half. Subscription and hyperscale demand are key growth drivers, with Evergreen//One sales up 73% and recurring revenue climbing 19% to over $2 billion. Management also expects hyperscaler revenue to ramp significantly later in the year as large customer commitments convert into shipments. Record Revenue, Rising Dividends—So Why Aren't Analysts Saying Buy? Everpure (NYSE:P) reported a stronger-than-expected first quarter of fiscal 2027, with management citing broad demand across core businesses and geographies, higher pricing tied to component shortages and continued momentum in subscription offerings. Chief Executive Officer Charlie Giancarlo called the quarter “outstanding” and “truly remarkable,” saying revenue rose 35% year over year and operating profit nearly doubled to $159 million. Chief Financial Officer Tarek Robbiati said both revenue and operating profit exceeded the high end of the company’s guidance range. → Voya Financial Grows Earnings Across All 3 Business Segments SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns Robbiati said total revenue growth was helped by higher pricing and some customer purchase acceleration as buyers moved to secure product availability and avoid future price increases amid supply constraints. He estimated those two effects represented nearly one-third of Everpure’s first-quarter year-over-year revenue growth. Product revenue grew 55% year over year to $577 million, Robbiati said. Subscription services revenue increased 17% to $476 million and represented 45% of total revenue. Annual recurring revenue rose 19% to more than $2 billion, while remaining performance obligations increased 41% to $3.8 billion. → SpaceX Gets the Attention, But These 4 Stocks Could Get th...

Everpure (P) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +17.18%. A quarter ago, it was expected that this data storage company would post earnings of $0.65 per share when it actually produced earnings of $0.69, delivering a surprise of +6.15%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Everpure, which belongs to the Zacks Technology Services industry, posted revenues of $1.05 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 4.47%. This compares to year-ago revenues of $778.48 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Everpure shares have added about 31.9% since the beginning of the year versus the S&P 500's gain of 9.8%. While Everpure has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Everpure was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks h...