Enterprise Products Partners has a high dividend yield. The MLP generates lots of cash to distribute to investors and invest in expanding its operations.
Intapp is the IBD Stock Of The Day as the enterprise cloud software firm racks up a winning streak of heady sales and earnings growth.
Enterprise Products Partners offers a safe, income-oriented investment with 7% distribution (and a K-1). The company's high investment grade rating and low midstream risk make it a valuable addition to balance riskier portfolio elements. Recent acquisitions, including Piñon Midstream, have been accretive to add to the organic growth.
Two analysts have raised price targets on Axon stock this week. Both see the $379 stock heading to $400 -- or more -- over the next 12 months.
Hewlett Packard Enterprise (HPE) shares suffered the steepest daily loss of any stock in the S&P 500 on Tuesday, plunging more than 7% after the provider of enterprise technology solutions announced a $1.5 billion convertible stock offering.
U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.
Shares of Hewlett Packard Enterprise dropped in postmarket trading after the company said it has commenced a public offering of $1.35 billion of Series C mandatory company convertible preferred stock.
Enterprise Products Partners is undervalued and offers a high single-digit yield, making it attractive for income investors in a lower-rate environment. EPD's strong distribution history, with 26 years of consecutive increases, and a 1.6x coverage ratio, highlights its reliability and potential for future growth. The company's significant growth projects and increased utilization rates position it well to meet rising energy demands and enhance distributable cash flow.
Axon posted better-than-expected results and raised full-year guidance. The company's higher-margin cloud business continues to outpace hardware growth.
Hewlett Packard Enterprise (HPE) shares fell in premarket trading Thursday, even as the storage and server maker's fiscal third-quarter earnings topped analysts' estimates. The company, while lifting its annual profit guidance, left its full-year revenue forecast unchanged, possibly disappointing investors amid lofty expectations for artificial intelligence (AI)-fueled sales growth.
I am upgrading Hewlett Packard Enterprise to 'Strong Buy' with a one-year target price of $28 per share due to strong growth potential in AI servers, cloud core, and edge computing. Despite concerns over low gross margins in AI servers, I believe margins will improve as the revenue mix shifts towards higher-margin services and enterprise customers. HPE's Q3 results showed 10.1% revenue growth, and the company has sufficient capital for share repurchases, supported by a $2.1 billion partial sale of H3C Technologies.
Artificial intelligence (AI) software company C3.AI reported better-than-expected quarterly results and highlighted surging demand for enterprise AI applications as businesses and government agencies rush to adopt the transformative technology. The Redwood City, California, company said revenue grew 21% year over year to $87.2 million in its fiscal first quarter ending July 31, beating analyst expectations.