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.
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, ...
Hewlett Packard Enterprise Company (NYSE:HPE ) Q3 2024 Earnings Conference Call September 4, 2024 5:00 PM ET Company Participants Paul Glaser - Head, Investor Relations Antonio Neri - President & Chief Executive Officer Marie Myers - Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Samik Chatterjee - JPMorgan Amit Daryanani - Evercore Toni Sacconaghi - Bernste...
Hewlett Packard Enterprise (HPE) posted fiscal third-quarter sales that beat analysts' expectations, buoyed by a surge in server revenue driven by demand for artificial intelligence (AI).
Hewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in AI infrastructure by businesses.
Hewlett Packard Enterprise reported fiscal Q3 earnings that topped estimates while guidance fell short amid an update on the sale of a Chinese joint venture.
HPE's outlook bracketed the consensus view, beating at the midpoint on revenue but coming up shy at the midpoint on earnings per share.
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