U.S. Markets closed

Hewlett Packard & Nutanix to Offer Hybrid Cloud aaS Solution

Zacks Equity Research

Hewlett Packard Enterprise HPE recently announced that it has collaborated with Nutanix NTNX to develop an integrated hybrid cloud as-a-Service (aaS) solution. The hybrid cloud infrastructure, managed by Hewlett Packard, will significantly lower customers’ total cost of ownership and accelerate time to value.

Nutanix’s Enterprise Cloud OS software with its built-in, free AHV hypervisor will be delivered through HPE GreenLake. The solution will also help accelerate the digital transformation journey of customers of both the companies.

As part of the deal, Nutanix’s channel partners will directly sell Hewlett Packard servers combined with Nutanix’s Enterprise Cloud OS software to enable customers to purchase an integrated product.

The HPE GreenLake aaS will simplify IT operations systems and address concerns over vendor lock-in, and will be deployed in customers’ data centers or co-location facility.

The solution is designed to support a variety of use cases, including mission-critical workloads and big data applications; virtualized tier-1 workloads like SAP, Oracle ORCL and Microsoft; and virtualized big data applications like Splunk and Hadoop.

Launched in November 2017, the HPE GreenLake is an on-premise flexible consumption model provided by Hewlett Packard’s HPE Pointnext business, which enables IT agility and simplifies operations.

In further efforts to boost customer experience and aid their digital transformation, Hewlett Packard Enterprise partnered with Alphabet’s GOOGL Google Cloud to offer hybrid cloud solutions across public cloud and on-premises environments.

Hewlett Packard has been focusing on restructuring and realigning its businesses to drive long-term sustainable growth ever since its split from the parent company. The company has been constantly evolving with spin offs, or acquiring assets to enhance its capabilities in the hybrid IT model.

The company’s strategy to focus more on high margin businesses is helping it mobilize resources to the fast-growing areas of the cloud such as software defined networks and converged and hyper-converged infrastructure. This will also help it to better compete with players like Oracle , Cisco and NetApp.

The HPE GreenLake aaS is expected to be available in the market in the third quarter of 2019.

Hewlett Packard currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Hewlett Packard Enterprise Company Price and Consensus

Hewlett Packard Enterprise Company Price and Consensus | Hewlett Packard Enterprise Company Quote

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Nutanix Inc. (NTNX) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research