14.90 -0.05 (-0.33%)
After hours: 6:10PM EDT
|Bid||14.90 x 27000|
|Ask||14.91 x 4000|
|Day's Range||14.59 - 14.95|
|52 Week Range||12.09 - 16.97|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||0.45 (3.19%)|
|1y Target Est||16.05|
Hewlett Packard Enterprise CEO Antonio Neri is following the innovation lessons of legendary founders William Hewlett and David Packard.
(HPE) stock (ticker: HPE) was moving higher Monday after Evercore ISI boosted its rating on the shares. Analyst Amit Daryanani upped his rating on the enterprise technology giant to In Line from Underperform, with a new price target of $15, up from $13. While hardly a ringing endorsement—Evercore’s new target is just a tad above the current stock price—the report represents a distinct change in tone from an analyst who had previously had been bearish on HP Enterprise.
The three main U.S. stock-market indexes hovered near the break-even point as investor enthusiasm for Friday’s U.S.-China trade deal continued to fade.
Apple's (AAPL) latest version of desktop operating system software MacOS Catalina comes with new apps and features and addresses security breaches and other issues.
Aruba, a Hewlett Packard Enterprise company (HPE), today announced that organizations globally are replacing their core switching infrastructure with the Aruba 8000 Series Core Switches running ArubaOS-CX (AOS-CX), the industry’s most advanced operating system purpose-built for the unique demands of the mobile, IoT and cloud era. The Aruba 8000 Series hardware and software breakthrough design principles provide deep visibility, advanced telemetry and simplified automation, allowing network operators to utilize data and insights to drive better business outcomes.
Hewlett Packard Enterprise , will host its 2019 Securities Analyst Meeting on Oct. 23. Join the live webcast to hear president and CEO Antonio Neri and executive vice president and chief financial officer Tarek Robbiati discuss HPE's strategy and financial outlook.
Advanced Micro Devices (AMD) unveils Radeon RX 5500 Series, which is expected to enhance user gaming experience amid increasing competition.
The big shareholder groups in Hewlett Packard Enterprise Company (NYSE:HPE) have power over the company. Institutions...
HP Inc. is embarking on yet another massive restructuring, with plans to lay off 7,000 to 9,000 employees over the next three years, as its biggest profit generator, printing, continues to reel from soft demand pressures and cheaper copycat printing supplies.
For Jackie Rafferty, operations manager at Hewlett Packard Enterprise’s Technology Renewal Centre just outside Glasgow, there was satisfaction in finally finding a home for some vintage tech that can still fetch top dollar. It shares the spoils of reselling customers’ redundant equipment, providing them with the cash to buy new kit from it and strengthening the understanding of its sales teams on when and where a customer who leases or buys will upgrade.
(Bloomberg) -- HP Inc. will slash as much as 16% of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years.The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will help save about $1 billion by the end of fiscal 2022, the Palo Alto, California-based company said Thursday in a statement. HP had 55,000 employees as of a year ago, the last time it disclosed the figure.HP also announced it expects profit, excluding restructuring costs and other items, to be $2.22 to $2.32 a share in fiscal 2020. Analysts, on average, estimated $2.23 a share, according to data compiled by Bloomberg.HP shares were down 8.5% at 9:40 a.m. in New York.The company released the projections as it faces a number of uncertainties. Dion Weisler, the chief executive officer who has shepherded the company since its 2015 split with Hewlett Packard Enterprise Co., is stepping down Nov. 1 due to family health reasons. The incoming CEO, Enrique Lores, is a longtime HP executive. The company’s printing business, a major source of profit, has seen falling sales and recently was dubbed a “melting ice cube” by analysts at Sanford C. Bernstein. And an activist investor may be building a stake in the company, a Gordon Haskett analyst speculated Wednesday.“We see ourselves starting a new chapter for HP and we will be announcing bold moves to support that statement,” Lores said in an interview. “We have spent a lot of time building this plan. We can embrace the changes we see happening in the market and that can help us position the company for the future.”HP’s reorganization will cost $1 billion, resulting in charges of $100 million in the fiscal fourth quarter, $500 million in fiscal 2020 and the rest split between fiscal 2021 and 2022, the company said.“The bulk of the savings will be in corporate functions, back-office support,” Chief Financial Officer Steve Fieler said about the job cuts in an interview.HP’s board boosted the company’s share repurchasing plan by an additional $5 billion. The company had $1.7 billion remaining on its existing plan. HP said it will also boost its stock dividend by 10%. The company’s shares have declined 10% this year, closing at $18.40 on Thursday in New York.The company said it expects at least $3 billion of free cash flow in fiscal 2020, and will return 75% or more of that money to investors.Along with financial metrics, the company said it would make changes to its printing unit to focus on providing more services. HP will raise prices for printers that can be used with non-HP ink cartridges, so that the hardware is more profitable. Currently, printers are sold cheaply and the unit’s operating profit margin is padded by the ink supplies. HP will offer some lower-priced printers, but employ new technologies to ensure they are only compatible with HP ink.HP will also start selling the underlying technology of its ink jet printing, known as microfluidics, to the health-care and cosmetics industries, among others.“We are really confident about the future of the company,” Lores said.(Updates with shares in 4th paragraph. A previous version of the story corrected the type of job roles affected by layoffs.)To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
HP plans to eliminate 7,000 to 9,000 jobs from its current workforce of 55,000 employees. Worth noting is that Hewlett Packard Enterprise is down too, falling about 1.5%. Let's look at the charts to see where HPQ stock may bottom.
Ranked First in Five of Six Use Cases in Gartner Critical Capabilities for Wired and Wireless LAN Infrastructure
Aruba, a Hewlett Packard Enterprise company (HPE), today announced that St. Dominic-Jackson Memorial Hospital, a 571-bed acute care facility in Jackson, Mississippi, has standardized on Aruba wired, wireless – including Wi-Fi 6 (802.11ax) – and security solutions to deliver superior care to patients, improve productivity for its 3,000+ nurses, doctors and skilled caregivers, and ensure a secure connected experience for the almost 15,000 mobile and IoT devices on the provider’s network.
Hewlett Packard Enterprise (HPE) today announced BlueShore Financial (BlueShore), a full service boutique financial institution, has selected HPE Primera to foster innovation and deliver superior products and services to clients. Announced in June 2019, and now generally available, HPE Primera is a new platform that redefines mission-critical storage by delivering superior simplicity, availability and performance.
HPE-exclusive silicon root of trust and Aruba Policy Enforcement Firewall recognized for ability to reduce cybersecurity risk with new Marsh Cyber Catalyst designation
Hewlett Packard Enterprise (HPE) today announced it has completed the acquisition of supercomputing leader Cray Inc., earlier than the original target date. HPE paid $35.00 per share, in a transaction valued at approximately $1.4 billion, net of cash. The explosion of data is driving a significant expansion of high performance computing (HPC) as customers seek to unlock the power of their data through artificial intelligence, machine learning, and big data analytics, requiring technologies that can power exascale-class performance.
NEW YORK , Sept. 23, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the open of trading on Monday, September 30 : Fresh Del Monte ...
Moody's Investors Service ("Moody's") has assigned definitive ratings to the notes issued by HPEFS Equipment Trust 2019-1 (HPEFS 2019-1). This is the first issuance for Hewlett-Packard Financial Services Company (HPEFS), a wholly owned subsidiary of Hewlett Packard Enterprise Company (HPE, Baa2, stable). The notes are backed by a pool of small-ticket equipment loans and leases primarily originated by HPEFS, which is also the servicer and administrator for the transaction.