Hewlett Packard Enterprise Stock News

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.

Hewlett Packard Enterprise's shares dropped 6.4% in extended trading after the AI server maker announced a $1.35 billion mandatory convertible preferred stock offering to fund its acquisition of Juniper Networks.

DELL and HPE are a good play on the AI server market. Should you have DELL in your portfolio or HPE?

Hewlett Packard Enterprise Company (NYSE:HPE ) Citi 2024 Global TMT Conference Call September 5, 2024 2:10 PM ET Company Participants Marie Myers - Executive Vice President and Chief Financial Officer Conference Call Participants Jonathen Zauderer - Citi Jonathen Zauderer Thanks, everyone. Wow, it just got louder.

Hewlett Packard Enterprises NYSE: HPE is an attractive, high-yield play for blue-chip investors seeking exposure to AI because of its position in the enterprise industry, cash flow, and capital return. Its enterprise-quality networking and server products are critical for many businesses and are gaining traction with AI, as seen in the Q3 results and guidance.

HP Inc. (HPQ) and HP Enterprise (HPE) stocks have had mixed returns since the two companies separated in 2015.  HPQ stock has jumped by over 263% while HPE has risen by 159% in the same period.

Hewlett Packard Enterprise will continue with its efforts to recover damages connected to a civil case against the late British tech entrepreneur Mike Lynch and another individual.

Hewlett Packard Enterprise Co (NYSE:HPE) stock is 7.3% lower to trade at $17.51 this morning, on track for its worst single-session decline since January.