HPE - Hewlett Packard Enterprise Company
| Previous Close | 14.53 |
| Open | 14.62 |
| Bid | 14.20 x 2200 |
| Ask | 14.71 x 27000 |
| Day's Range | 14.47 - 14.92 |
| 52 Week Range | 12.09 - 17.74 |
| Volume | 16,151,136 |
| Avg. Volume | 10,669,958 |
| Market Cap | 20.035B |
| Beta (3Y Monthly) | 1.14 |
| PE Ratio (TTM) | 33.53 |
| EPS (TTM) | 0.44 |
| Earnings Date | May 23, 2019 |
| Forward Dividend & Yield | 0.45 (2.85%) |
| Ex-Dividend Date | 2019-06-11 |
| 1y Target Est | 17.59 |
- PR Newswire•yesterday
SHAREHOLDER ALERT: WeissLaw LLP Investigates Cray Inc. Acquisition
NEW YORK, May 17, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cray Inc. ("Cray" or the "Company") (CRAY) in connection with the proposed acquisition of the Company by the Hewlett Packard Enterprise Company.
- Motley Fool•yesterday
Why Under Armour, Cray, and Lions Gate Entertainment Jumped Today
Despite pressure on the overall market, merger and acquisition activity and favorable analyst views lifted these stocks.
- Investor's Business Daily•yesterday
HPE Stock Rises On Acquisition Of Supercomputer Maker Cray, AI Push
Hewlett Packard Enterprise aims to take on IBM with its purchase of U.S. supercomputer maker Cray. HPE said the acquisition will give it a boost in the artificial intelligence market.
- GlobeNewswire•yesterday
Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Cray Inc. (NASDAQ: CRAY) on Behalf of Cray Shareholders and Encourages Cray Investors to Contact the Firm
NEW YORK, May 17, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Cray Inc. (NASDAQ: CRAY) on behalf of Cray.
- ACCESSWIRE•yesterday
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cray Inc. (CRAY)
NEW YORK, NY / ACCESSWIRE / May 17, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims againstthe Board of Directors of Cray Inc. ("Cray" or "the Company") ...
- InvestorPlace•2 days ago
CRAY Stock Soars on Acquisition by Hewlett Packard Enterprise
CRAY stock is soaring on Friday following news that the company is being acquired by Hewlett Packard Enterprise (NYSE:HPE).Source: Cray The deal will have Hewlett Packard Enterprise acquiring Cray (NASDAQ:CRAY) for a total of $1.30 billion. This will have the company purchasing shares of CRAY stock for $35 each. The company will be paying for the stock with cash.The price of $35 per share is a pretty premium for investors in CRAY stock. The company was trading at $29.81 when the markets closed on Thursday. This has the offer from Hewlett Packard Enterprise sitting at roughly 17% above that price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHewlett Packard Enterprise says that it is expecting the deal to be accretive to its non-GAAP operating profit and earnings in the first full year following the close. It is also expecting one-time integration costs to be absorbed into its free cash flow outlook of between $1.90 billion and $2.10 billion for fiscal 2020."This is an amazing opportunity to bring together Cray's leading-edge technology and HPE's wide reach and deep product portfolio, providing customers of all sizes with integrated solutions and unique supercomputing technology to address the full spectrum of their data-intensive needs," Peter Ungaro, President and CEO of Cray, said in a statement. * 6 Chinese Stocks That Could Pop On a Trade Deal Hewlett Packard Enterprise and Cray are expecting the deal to close during HPE's first fiscal quarter of 2020. The deal will first need to complete customary closing conditions and get approval from regulators and shareholders before this can happen.CRAY stock was up 19% and HPE stock was up 1% as of Friday afternoon. CRAY stock is also up 37% and HPE is up 7% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post CRAY Stock Soars on Acquisition by Hewlett Packard Enterprise appeared first on InvestorPlace.
- CNBC•2 days ago
Stocks making the biggest moves midday: Cray, Pinterest, Luckin Coffee & more
These are the stocks posting the largest moves midday.
- PR Newswire•2 days ago
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Cray Inc.
NEW YORK , May 17, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Cray Inc. (NASDAQ: CRAY) and its board of directors for breach of fiduciary duty concerning the proposed ...
Reuters•2 days agoHewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal
The $35 per share value represents a premium of 17.4% to Cray's last close. HPE said it expects the deal to increase its footprint in federal business and academia, and sell supercomputing products to its commercial clients. The deal, expected to close by the first quarter of HPE's fiscal year 2020, will add to its adjusted operating profit in the first full year after closing.
- TheStreet.com•2 days ago
Hewlett Packard Enterprise to Buy Cray for $1.3 Billion
In a statement, HPE confirmed the companies have entered into a definitive agreement under which HPE will acquire Cray for $35 a share in cash. As part of the transaction, HPE expects to incur one-time integration costs that will be absorbed within HPE's 2020 fiscal-year free cash flow outlook of $1.9 billion to $2.1 billion, which remains unchanged.
- Motley Fool•2 days ago
Why Cray Stock Jumped Friday
The supercomputer manufacturer is getting acquired. Here's what you need to know.
- Zacks•2 days ago
Hewlett Packard's Possible Cray Buyout to Boost HPC Footing
Hewlett Packard (HPE), in order to strengthen foothold in HPC and enterprise class server and storage markets, is contemplating an agreement to acquire Cray.
- American City Business Journals•2 days ago
HPE is buying supercomputer company Cray for $1.3B
Hewlett-Packard Enterprise Co. is buying supercomputer designer Cray Inc. for $1.3 billion in cash, the two companies said today. Shares of Seattle-based Cray jumped nearly 16 percent at the opening bell on the news. “Answers to some of society’s most pressing challenges are buried in massive amounts of data,” HPE CEO Antonio Neri said in a statement.
- Zacks•2 days ago
Computer Integrated Systems Industry Prospects Not Bright
Computer Integrated Systems Industry Prospects Not Bright
- Bloomberg•2 days ago
HP Enterprise Nears Deal to Buy Supercomputer Pioneer Cray
Cray investors will get $35 a share in cash, the companies said in a statement on Friday, confirming an earlier Bloomberg report. Cray jumped 17% to $34.89 at 9:49 a.m. in New York trading after earlier touching $34.96, the biggest intraday gain in a year. Palo Alto-based HP Enterprise gained about 2% to $14.82.
- PR Newswire•2 days ago
(CRAY) Alert: Johnson Fistel Investigates Proposed Sale of Cray Inc.; Are Shareholders Getting a Fair Deal?
SAN DIEGO , May 17, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cray Inc. (NASDAQ: CRAY) breached their fiduciary ...
- Benzinga•2 days ago
Hewlett Packard Enterprise To Buy Cray In $1.3B Deal
Hewlett Packard Enterprise Co (NYSE: HPE) will acquire supercomputer manufacturer Cray Inc (NASDAQ: CRAY) in a transaction valued at approximately $1.3 billion. "Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more. Cray is a global technology leader in supercomputing and shares our deep commitment to innovation," Antonio Neri, CEO of HPE said in the press release.
- MarketWatch•2 days ago
Cray to be bought by HP Enterprise at 17% premium, in a $1.3 billion deal
Supercomputer maker Cray Inc. announced Friday an agreement to be acquired by Hewlett Packard Enterprise Co. in a deal valued at $1.3 billion. Under terms of the deal, HPE will pay $35 per share in cash for each Cray share outstanding, representing a 17.4% premium to Thursday's closing price of $29.81. Cray's stock had soared 16.6% in premarket trade prior to a trading halt after Bloomberg reported late Thursday that the companies held buyout talks. HPE it expects the deal, which is expected to close by the quarter ending January 2020, should add to adjusted earnings in the first full year, with one-time integration costs absorbed within its fiscal 2020 free cash flow outlook of $1.9 billion to $2.1 billion, which remains unchanged. "Answers to some of society's most pressing challenges are buried in massive amounts of data," said HPE Chief Executive Antonio Neri. "Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more." Cray's stock is halted until 8:15 Eastern, while HPE shares slipped 0.2%. Year to date through Thursday, Cray's stock has run up 38%, HPE shares have gained 10% and the S&P 500 has advanced 15%.
- Business Wire•2 days ago
HPE to Acquire Supercomputing Leader Cray
Hewlett Packard Enterprise (HPE) and Cray Inc. (CRAY), a global supercomputer leader, today announced that the companies have entered into a definitive agreement under which HPE will acquire Cray for $35.00 per share in cash, in a transaction valued at approximately $1.3 billion, net of cash.
- TheStreet.com•2 days ago
Cray Surges on Report Hewlett Packard Enterprise in Advanced Acquisition Talks
Cray stock jumped more than 16%, or $4.96, to $34.77 in premarket trading on the Nasdaq Stock market after Bloomberg reported that HPE may announce a deal to purchase the Seattle-based company as soon as Friday. Shares in Cray have risen about 38% this year and closed at $29.81 on Thursday, giving the Seattle-based company a $1.23 billion valuation.
- MarketWatch•2 days ago
Cray's stock soars prior to trading halt on report of buyout talks with HP Enterprise
Shares of Cray Inc. soared 17% toward a three-year high in premarket trade Friday, prior to a trading halt, after a Bloomberg report that Hewlett Packard Enterprise Co. was in advanced talks to buy the supercomputer maker. Citing people with knowledge of the matter, the report out late Thursday said a deal could be announced as soon as this week. Cray's market capitalization at Thursday's closing price was $1.23 billion. HP's stock was still inactive ahead of the open. Cray's stock has soared 38% year to date through Thursday, while the S&P 500 has gained 15%.
- Investing.com•2 days ago
HP Enterprise Climbs Midday After $1.3B Cray Deal
The deal will help HPE take on rival IBM (NYSE:IBM). The move will also help the market consolidate, Ray Wang, founder and principal analyst at Constellation Research told Techcrunch.
