Hewlett Packard Enterprise Company (HPE)
HP Enterprise (HPE) Stock Soars as Investors See AI Potential
HP Enterprise (NYSE: HPE ) is up about 15% today and is one of the top-trending tickers on social media and financial news websites. HPE stock is rallying and getting a great deal of attention after the computer hardware maker reported stronger-than-expected quarterly financial results.
Hewlett Packard Enterprise Company (HPE) Q2 2024 Earnings Call Transcript
Hewlett Packard Enterprise Company (NYSE:HPE ) Q2 2024 Earnings Conference Call June 4, 2024 5:00 PM ET Company Participants Jeff Kvaal - Head of IR Antonio Neri - President and CEO Marie Myers - CFO Conference Call Participants Amit Daryanani - Evercore ISI Aaron Rakers - Wells Fargo Mary Lenox - Morgan Stanley Toni Sacconaghi - Bernstein Joseph Cardoso - JPMorgan Victor Chiu - Raymond James Ruplu Bhattacharya - Bank of America Ananda Baruah - Loop Capital Markets Louis Miscioscia - Daiwa Capital Markets Operator Good afternoon and welcome to the Second Quarter Fiscal 2024 Hewlett Packard Enterprise Earnings Conference Call. My name is Gary, and I'll be your conference moderator for today's call.
Hewlett Packard Enterprise (HPE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Hewlett Packard Enterprise (HPE) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Hewlett Packard Enterprise (HPE) Tops Q2 Earnings and Revenue Estimates
Hewlett Packard Enterprise (HPE) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.52 per share a year ago.
HPE Stock Gains On Earnings, Revenue Beat Driven By AI Computer Server Demand
Hewlett Packard Enterprise reported fiscal second-quarter earnings that fell from a year earlier but topped expectations for HPE stock.
HPE scores a big revenue beat fueled by AI, and its stock rockets
Momentum in artificial-intelligence servers lifted Hewlett Packard Enterprise Co. to a sizable revenue beat in the latest quarter as the company returned to growth.
Hewlett Packard Enterprise (HPE) to Boost Private 5G Deployment
Hewlett Packard Enterprise (HPE) makes a significant stride in the competitive landscape with the launch of its HPE Aruba Networking Enterprise Private 5G solution.
What Awaits Hewlett Packard Enterprise (HPE) in Q2 Earnings?
Hewlett Packard Enterprise's (HPE) Q2 results are likely to reflect gains from growing demand for its cloud services and the adoption of the HPE GreenLake solution.
Hewlett Packard Enterprise (HPE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Evaluate the expected performance of Hewlett Packard Enterprise (HPE) for the quarter ended April 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
British tech founder Mike Lynch set to testify at US trial over HP deal
Mike Lynch, the tech founder once hailed as Britain's answer to Steve Jobs, will take the stand in his own defense on Thursday in San Francisco federal court as his trial on charges of bilking Hewlett-Packard in an $11 billion deal to acquire his company nears its end.
Whoa! HPE Stock Is the Top Tech Pick You Didn't See Coming.
Here's a technology-stock pick that's totally out of left field, but it could be a major wealth builder. I'm talking about Hewlett Packard Enterprise (NYSE: HPE ), a fast mover in the areas of cloud computing and supercomputers.
Panagora Asset Management Inc. Cuts Holdings in Hewlett Packard Enterprise (NYSE:HPE)
Panagora Asset Management Inc. lessened its stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,503 shares of the technology company’s stock after selling 275,155 shares during the period. Panagora Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $3,405,000 as of its most recent SEC filing. Other institutional investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $33,000. Salem Investment Counselors Inc. grew its holdings in Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,261 shares during the last quarter. ORG Partners LLC increased its position in shares of Hewlett Packard Enterprise by 111.4% in the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $52,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders. Analysts Set New Price Targets HPE has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Evercore ISI lowered their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Barclays dropped their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Stifel Nicolaus lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, Morgan Stanley increased their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $17.91. Get Our Latest Stock Report on HPE Hewlett Packard Enterprise Trading Down 0.2 % Shares of Hewlett Packard Enterprise stock opened at $17.86 on Monday. Hewlett Packard Enterprise has a twelve month low of $13.79 and a twelve month high of $20.07. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $17.38 and a 200-day moving average price of $16.54. The firm has a market cap of $23.22 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.30 and a beta of 1.20. Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year. Hewlett Packard Enterprise Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.91%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%. Hewlett Packard Enterprise Profile (Free Report) Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
