Juniper can help HPE unlock a new revenue engine in Networking, as the unification of sales teams can help unlock cross-selling and up-selling opportunities. As the Networking business has a higher margins profile, the favorable revenue mix shift toward that segment is a profitability driver for the overall company. HPE trades at a fair 32% discount to peers, which I believe makes its valuation...
Stock futures are inching higher after the major indexes turned in a mixed performance on Thursday; investors are awaiting the release of the Federal Reserve's preferred measure of inflation; Netflix has reached a deal to acquire Warner Bros. Discovery; shares of Hewlett Packard Enterprise are tumbling after a disappointing earnings report; and Ulta Beauty shares are surging after the retailer ...
Hewlett Packard Enterprise reported fourth-quarter revenue that missed analyst expectations. Revenue for HPE's server segment came in at $4.46 billion, down 10% from the prior quarter and down 5% from a year ago.
Hewlett Packard Enterprise (NYSE: HPE stock) tumbled 9% on Friday after the company revealed that its blockbuster AI server story is hitting speed bumps. The development came as HPE reported its Q4 earnings, which displayed a mixed picture.
The company logged lower-than-expected revenue in the fiscal fourth quarter because customers are hitting delays in the development of their AI products, Chief Financial Officer Marie Myers said.
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