Enterprise Products is benefiting from the increasing oil and NGL production in the US, leading to higher demand and pricing for existing midstream capacity. NGL pipeline utilization rates are currently peaking but are expected to decline in 2025 as additional capacity enters the market, leading to more competitive pricing and reduced trading opportunities. EPD's profitability is likely to be capped in the medium term due to a more subdued pricing environment and reduction in price spreads.
Draft One will be one of Axon's most sought-after products in the upcoming period, due to its very high economical value. We anticipate that Draft One will expand the company's TAM by at least $8 billion. Our valuation analysis suggests a price target of $441, indicating a ~50% upside potential from current price levels.
HPE's stock soared after its latest earnings beat. It raised its revenue and earnings guidance for the full year.
Hewlett Packard Enterprise beat expectations by a country mile thanks to strong AI adoption. Management increased its full-year guidance in the face of strong results.
Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) shares surged almost 12% as it reported strong results for the fiscal second quarter driven by AI server demand and raised its full year guidance. The technology company now expects revenue to grow by 1% to 3% for the full year, compared to its earlier forecast of flat to 2% revenue growth.
Hewlett Packard Enterprise rose about 14% in premarket trading after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized servers.
Hewlett Packard Enterprise (HPE) shares surged more than 14% in pre-market trading Wednesday after the server and storage manufacturer topped Wall Street's quarterly estimates and boosted its full-year guidance amid growing demand for artificial intelligence (AI) servers.
A raft of companies are rising after their quarterly earnings beat expectations.
Hewlett Packard Enterprise forecast third-quarter revenue above Wall Street expectations on Tuesday, helped by upbeat demand for its artificial intelligence servers, sending its shares up 11% in extended trading.
HP Enterprise reported revenue of $7.2 billion, up 3% from a year earlier, ahead of the company's guidance range of $6.6 billion to $7 billion.
Enterprise AI stocks tend to represent companies that focus on solving complex business problems by leveraging powerful algorithms. Consumer AI, on the other hand, tends to be less complex and deals primarily with user interface and experience overall.
Enterprise has been one of the most consistent midstream companies over the years. It has a high yield and growing distribution.