HPE - Hewlett Packard Enterprise Company
| Previous Close | 15.32 |
| Open | 15.19 |
| Bid | 15.25 x 2200 |
| Ask | 15.26 x 3100 |
| Day's Range | 15.11 - 15.37 |
| 52 Week Range | 12.09 - 17.27 |
| Volume | 5,780,837 |
| Avg. Volume | 9,352,417 |
| Market Cap | 19.923B |
| Beta (3Y Monthly) | 1.20 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.14 |
| Earnings Date | Dec 2, 2019 - Dec 6, 2019 |
| Forward Dividend & Yield | 0.45 (2.93%) |
| Ex-Dividend Date | 2019-09-10 |
| 1y Target Est | 16.05 |
- Business Wire
Hewlett Packard Enterprise / New H3C Gains Market Share and Delivers Double Digit Growth in Second Quarter of 2019 IDC Worldwide Enterprise Storage Systems Tracker
HPE and New H3C’s 1.5 percent market share gain and 13.5 percent revenue growth stands out amidst a market that declined .8 percent overall1, and in which the other two vendors in the top three – Dell and NetApp – posted year over year declines. In addition, according to IDC, HPE and New H3C grew revenue 22.7 percent and gained 2.8 points of market share in all flash array, a strategic storage market for customers.
- Business Wire
HPE Accelerates Artificial Intelligence Innovation with Enterprise-Grade Solution for Managing Entire Machine Learning Lifecycle
New HPE Machine Learning Ops solution speeds time-to-value for AI from months to days and brings DevOps agility to the ML model lifecycle
- Moody's
HPEFS Equipment Trust 2019-1 -- Moody's assigns Provisional ratings to HPEFS Equipment Trust 2019-1 notes
Moody's Investors Service ("Moody's") has assigned provisional ratings to the notes to be 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 will be 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.
- InvestorPlace
Wait Before Buying Advanced Micro Devices Stock at a Discount
Following a difficult, but constructive August, Advanced Micro Devices (NASDAQ:AMD) is offering today's investors an attractive way to invest in the future of AMD stock at a discount. Let me explain.Source: Sundry Photography / Shutterstock.com If timing is everything, AMD's surprise announcement one month ago that Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Twitter (NYSE:TWTR) are using the company's second-generation EPYC chips in their data centers couldn't have come at a less opportune time. Nevertheless, despite a trade war-induced, risk-off market environment at the time, the news, was and is, huge for AMD stock.Bottom line, Intel (NASDAQ:INTC) is the 800-pound gorilla with a near monopoly in the cloud and large-enterprise markets. As much, AMD's addition of Google and Twitter to its list of enterprise clients is a big win. But there's more reasons to see plenty of upside for AMD stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdvanced Micro Devices' customer base already includes Microsoft (NASDSAQ:MSFT) and Hewlett Packard (NYSE:HPE), among others. Thus, Alphabet and Twitter's business is simply the latest evidence of growing support. And with just 2% of the data center business, it would be hard to disagree with Atlantic Equities which sees AMD taking as much as 25% of this key market away from Intel over the next decade. AMD Stock Weekly ChartOn the AMD stock price chart Wall Street showed its enthusiasm for the company's business wins. Shares of Advanced Micro Devices soared more than 16% in the immediate aftermath and hit fresh relative highs the following session. The better news is if timing is everything, then in today's market AMD is an even better buy.One month later, Advanced Micro Devices gave back the bulk of its Alphabet and Twitter-fueled gains. A challenging, but technically constructive August resulted in a bullish market follow-through day signal on Aug. 13. AMD stock investors are being offered an attractive discount to last month's news-driven reaction. However, I'd wait before making a purchase decision. * 7 Stocks to Buy In a Flat Market The truth is last month's EPYC news vaulted shares out of technically fragile situation where key longer-term and uptrend support narrowly failed in unison. The brief betrayal is highlighted in yellow and it's enough to give pause regarding buying on weakness. Given today's more supportive market for buying momentum, I'd propose investors postpone today's discount in AMD stock in favor of supportive price confirmation. The Bottom Line on AMD StockMy advice is to put Advanced Micro Devices on the radar and wait for a move through $32.25 before buying.The entry sacrifices roughly 5% of upside from today's AMD stock price. More important, this strategy only buys shares on the condition of a breakout above multiple failed attempts near $32. And given a much healthier market for today's buyers -- that's a smarter way to invest in the future of AMD stock at a discount.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Advanced Micro Devices (AMD) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Wait Before Buying Advanced Micro Devices Stock at a Discount appeared first on InvestorPlace.
- Thomson Reuters StreetEvents
Edited Transcript of HPE earnings conference call or presentation 27-Aug-19 9:00pm GMT
Q3 2019 Hewlett Packard Enterprise Co Earnings Call
- Zacks
Amdocs to Aid Altice Portugal's IT Modernization Journey
Amdocs' (DOX) solutions will help Altice Portugal modernize operations across its wireless, wireline, broadband Internet and television lines of business for consumers and enterprise customers.
- Zacks
Server Market's Q2 in the Doldrums: Dell, HPE & More in View
Here's a look at the performance of the leading server vendors in second-quarter 2019 per IDC report.
- Simply Wall St.
Do These 3 Checks Before Buying Hewlett Packard Enterprise Company (NYSE:HPE) For Its Upcoming Dividend
Readers hoping to buy Hewlett Packard Enterprise Company (NYSE:HPE) for its dividend will need to make their move...
- Moody's
Hewlett Packard Enterprise Company -- Moody's assigns Baa2 to Hewlett Packard Enterprise's proposed senior unsecured issuance; outlook stable
Moody's Investors Service ("Moody's) assigned a Baa2 rating to the proposed senior unsecured notes of Hewlett Packard Enterprise Company ("HPE"). Proceeds are expected to refinance near term maturities and to support the pending $1.4 billion acquisition of Cray Inc., which will bolster HPE's position in the growing high performance computing market.
- Bloomberg
The New Tech Paradigm Won't Save You
(Bloomberg Opinion) -- Back in the day, PCs were hip and investors chased computer stocks to sky-high valuations. Everyone was buying a desktop, and then a laptop, and the companies that supplied them could do no wrong.Then came the smartphone. We all know to blame Apple Inc. for the end of the PC era. Though Steve Jobs didn’t invent the “phone + internet” mash-up, the iPhone spurred competitors to make such devices useful and customers took to them with glee. A decade-long smartphone boom followed.Take a look at the recent share price performance of handset makers and there’s not much left to be gleeful about. As handsets got boring, so too did the shares of the companies that relied on them for revenue. HTC Corp. and Xiaomi Corp., two of the few firms left that focus on handsets, have seen their shares plummet in the past year. PC makers, on the other hand, have been a little more exciting.Yet if you divide the universe of smartphone and PC makers in two, you’ll discover something interesting: Those that primarily focus on corporate customers or lead the market in a key non-consumer business are outperforming those that get a larger slice of revenue from smartphones and consumer PCs. Since Dec. 21, when Dell Technologies Inc. started trading again after a take-private deal in 2013, its shares jumped 21%. International Business Machines Corp., Samsung Electronics Co. and Hewlett Packard Enterprise Co. have all climbed since that date. (2) By contrast, LG Electronics Inc., Lenovo Group Ltd., HTC, HP Inc., Acer Inc. and Xiaomi all dropped. The first major outlier is Apple. I suspect that’s because fund managers sitting on piles of cash realized that it probably makes sense to put money into companies with fat margins and a cult following, even if it’s lost a little luster. ZTE Corp. also did well, but that’s mostly because it’s recovering from being at the wrong end of U.S. national-security policy.Instead of looking at PCs versus smartphones, a paradigm that worked well for around a decade, the better way for investors to divide the technology-hardware sector is consumer and enterprise. The two HPs – Enterprise and Inc. – serve as the perfect example. HP Inc. gets 60% of its revenue from desktop and notebook PCs, while HP Enterprise sells servers, storage and networking services. HP Enterprise is up 10% while HP Inc. fell 7% over the period. IBM is up 22%, Acer is down 13% and Xiaomi has fallen 36%. The lines do get a little blurred. Lenovo, for example, is also in the server and smartphone businesses, and Dell gets around 11% of its revenue from consumer PCs. Having divided their investible universe along these new fault lines, however, punters would be foolish to believe that the bull-run in enterprise will continue unabated. Both HPE and Dell last week raised their full-year earnings forecast, spurring shares to rise. In reality, that bottom-line strength appears to come from better margins and cost control rather than a rosier outlook for revenue. “We’ve tried to position the company to be successful in any economic environment,” Dell CFO Tom Sweet told Bloomberg News. That kind of attitude deserves the 10% single-day spurt the stock received. But cost control can only go so far. If a global economic slowdown and the trade war don’t abate, then not even fiscal pragmatism can save earnings.Sell-side analysts are adjusting accordingly. They’ve trimmed most companies’ 2019 revenue forecasts over the past six months, as well as next year’s EPS estimates.By examining more closely the end-market and customer base for each company, investors will find it easier to sort likely winners from losers. In the face of even bigger problems for the economy, however, a new analytic framework won’t change the fact that tough times are still ahead.(1) That's when Dell shares started trading. The rise/fall divide since that date is somewhat coincidental, but the wider point still stands: Enterprise has largely outperformed consumer.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- American City Business Journals
Three ways HPE is preparing for the future, according to its CEO
Hewlett Packard Enterprise is in the middle of a transformation, and CEO Antonio Neri is at the heart of it.
- InvestorPlace
Cisco Stock May Go Nowhere for a While
Cisco (NASDAQ:CSCO) stock was having a fairly good year -- until a couple weeks ago. Cisco's fiscal fourth quarter earnings report had some ominous details. The result was that CSCO stock had its biggest drop in about six years -- 8.6%. Cisco stock also fell ahead of earnings, for a total drop of 12.3% in two sessions.Source: Ken Wolter / Shutterstock.com Since then, the shares have remained depressed, even though the overall markets have staged a nice rally. * 10 Stocks to Buy for September So let's take a look at the quarter. On the positive side of things, CSCO reported its strongest growth on the top line in about six years, with revenues up 6% to $13.4 billion. There was actually strength across all the main businesses like switches, routers and other networking equipment. The security unit also remained strong, with sales up about 14% to $714 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the meantime, CSCO continues to invest heavily in its M&A. The biggest deal was for Acacia Communications (NASDAQ:ACIA), for $2.6 billion. The company is a fabless semiconductor operator that is focused on high-speed interconnect offerings. The deal certainly looks like a synergistic fit and should help with growth.There have also been a variety of smaller deals. For example, Cisco has acquired Voicea, which has a real-time transcription service for meetings. Then there was the acquisition of CloudCherry, a provider of technology for customer experience management. At the core of this is advanced predictive analytics and machine learning. So What Was the Bad News?Okay, so why did Wall Street sell off Cisco stock? Well, the guidance was not encouraging. The current quarter is likely to see revenue growth of 0% to 2%, while the Street was looking for 3% (the company does not provide full-year guidance). CSCO also expects earnings to be below forecasts.As the global economy has come under pressure, Oracle's sales to service providers have decelerated. Let's face it, such purchases can easily be delayed whenever there is economic uncertainty. Keep in mind that other suppliers of large technology equipment -- like NetApp (NASDAQ:NTAP) -- have also reported disappointing results.For CSCO, there could be further problems as competitors like Arista Networks (NYSE:ANET) and Hewlett Packard Enterprise (NYSE:HPE) get more aggressive on pricing to pick up new customers In other words, Cisco's margins could be vulnerable.Next, the situation in China remains a nagging issue. On the earnings call, Cisco CEO Chuck Robbins noted that sales to providers in the country have taken a big hit (down a grueling 25%). Note that it appears that the company is not even being invited to bid on new projects!It's not clear how long this will last. But given that there has been little substantive progress on trade talks, the problems in China could persist for some time. Bottom Line on Cisco StockWith the drop-off in Cisco stock, the valuation is now at reasonable levels. Consider that the forward price-to-earnings ratio is at roughly 13x. The dividend is also an attractive 3%. This is actually among one of the highest in the tech industry.CSCO also should continue to generate strong cash flows. For fiscal 2019, they came to a hefty $15.8 billion, up 16% on a year-over-year basis. There is about $33.4 billion in the bank.So for now, there may be a floor on CSCO stock, as the bad news seems to be factored in. On the other hand though, this does not mean there will be much upside either from current levels. There are few headwinds on the horizon. Rather, with the global economy in flux, there could easily be some more negative surprises. * 7 Best Tech Stocks to Buy Right Now So for the time being, there should be no rush to get into CSCO stock.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Cisco Stock May Go Nowhere for a While appeared first on InvestorPlace.
- Bloomberg
Dell Rises After Strong Computer Demand Fuels Rosy Forecast
(Bloomberg) -- Dell Technologies Inc. raised its annual profit forecast after reporting quarterly sales and earnings that topped Wall Street estimates on strong corporate demand for computers and software. Shares gained in extended trading.Profit, excluding some items, will be $6.95 to $7.40 a share in the current fiscal year, executives of the Round Rock, Texas-based company said Thursday during a conference call. In February, Dell projected $6.05 to $6.70 a share for fiscal 2020. Analysts on average estimated $6.42 a share, according to data compiled by Bloomberg.Chief Executive Officer Michael Dell has diversified his technology empire to make it a one-stop shop for large companies upgrading their hardware and software. That broad product lineup helped the company in the most recent period, when growth in corporate sales of desktops and laptops overcame weakness in Dell’s server and storage business. Competitors Hewlett Packard Enterprise Co. and NetApp Inc. both reported disappointing sales because of falling demand for data-center hardware.“We’ve tried to position the company to be successful in any economic environment,” Tom Sweet, Dell’s chief financial officer, said in an interview. “While we think long technology-spending cycles hold up, what we have seen this year is a softening of demand in the server space.”Dell reported revenue gained 2% to $23.4 billion in the fiscal second quarter. Earnings, excluding some items, were $2.15 a share in the period ended Aug. 2, the company said in a statement. Analysts, on average, projected profit of $1.50 a share on sales of $23.3 billion.Shares jumped about 9% in extended trading after closing at $46.77 in New York. Dell’s stock has declined 4.3% this year.Companies have been upgrading their personal computers to get Microsoft Corp.’s Windows 10 software, bolstering demand for Dell’s PCs. The company’s PC division grew 5.8% in the quarter, with commercial sales rising 12%.Revenue from Dell’s data-center hardware fell 6.6% to $8.6 billion. While sales of storage hardware were little changed from the period a year earlier, server and networking gear revenue declined 12% -- a turnaround from last year, when the company saw unprecedented demand for the products.VMware Inc., Dell’s largest software investment, helped the company with quarterly revenue growth of 12% year over year, bolstered by its partnerships with public-cloud providers, including Amazon Web Services and Microsoft Azure.Dell executives said on the call they expected IT spending to be “soft” throughout the rest of the fiscal year, particularly in China. And the company narrowed its annual revenue projection to $92.7 billion to $94.2 billion, from the February forecast of $93 billion to $96 billion.“There is more macro uncertainty, whether it’s the trade environment, the Brexit environment, GDP growth in Europe, yield curves inverting,” Sweet said. “As a result of that, I think you do have some customers more cautious on capital spending.”Dell said it repaid about $2 billion of gross debt in the most recent period. The company has paid off $17 billion of debt since the 2016 close of its acquisition of EMC Corp. -- the largest deal in tech industry history when it was announced at $67 billion. Dell said it expects to repay $5 billion of gross debt this fiscal year.The quarter’s strong results “continue to support management’s ability and desire to reduce debt and improve Dell’s credit profile,” Bloomberg Intelligence analyst Robert Schiffman wrote in a note.(Updates with forecasts starting in second paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Top Stock Reports for Procter & Gamble, T-Mobile & Zoetis
Top Stock Reports for Procter & Gamble, T-Mobile & Zoetis
- GuruFocus.com
2 Stocks Jump Wednesday
Tiffany, Hewlett Packard move up on quarterly results Continue reading...
- Bloomberg
Micro Focus Turmoil Grows as Firm Cuts Guidance, Shares Fall
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Micro Focus International Plc cut its outlook for full-year revenue causing its shares to plummet, blaming uncertainty among its clients to sign new software deals.The U.K. tech company is cutting its full year constant currency revenue guidance to minus 6% to 8%, down from minus 4% to 6%, according to a statement Thursday. Shares in Micro Focus fell as much as 34% during trading in London, the most since March 2018.Micro Focus is also accelerating a strategic review of the group’s operations, and will consider a range of strategic, operational and financial alternatives.It was only in July that the company said it was maintaining its full year guidance, as it continued to battle integrating the $8.8 billion of software assets it bought from Hewlett Packard Enterprise Co. two years ago.Micro Focus has built a business model on acquiring legacy software assets and squeezing out costs. In 2017 it bought Hewlett Packard Enterprise’s software assets, such as application delivery management, big-data analytics and enterprise security, but has struggled to integrate the deal, causing the departure of its chief executive officer.Investors have continued to question the company’s ability to integrate HPE’s assets, with shares falling 11% over the past month. Elliott Management Corp., the New York hedge fund run by billionaire Paul Singer, built up a position in the company last year, but has since exited its holding, according to a person familiar with the matter. Elliott’s holding fell below 5% of Micro Focus in October 2018, according to regulatory filings. “Following the recent disappointing trading performance, we have determined that it is appropriate to accelerate the undertaking of a strategic review of the Group’s operations,” said Stephen Murdoch, chief executive officer of Micro Focus.The company declined to give more details on the strategic review. In July 2018 the company agreed to sell its infrastructure software business SUSE to private equity firm EQT Partners AB for $2.54 billion in cash.“There is worse to come as the company has launched a strategic review,” said George O’Connor, analyst at Stifel, in a research note.(Updated with share price, Elliott sale and analyst quote.)To contact the reporter on this story: Giles Turner in London at gturner35@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Nate Lanxon, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
British Tech Giant's $8.8 Billion Case of Indigestion
(Bloomberg Opinion) -- Britain’s once biggest software company had eyes bigger than its tummy.Micro Focus International Plc acquired part of Hewlett Packard Enterprise Co.’s software assets in an $8.8 billion deal in 2017, trebling its headcount in the process. On Thursday, the British company cut its revenue forecast for the second time in as many years.Sales will fall as much as 8% this year, compared to the company’s earlier estimate of as much as 6%. The stock dropped 34%, dragging Micro Focus’s market capitalization down to 4 billion pounds ($4.9 billion), below its level before the takeover.There’s no obvious solution beyond, well, selling more product. Thursday’s announcement included plans for a strategic review of its operations. The statement made vague allusions to “execution improvements” and “strategic, operational and financial alternatives”.That wording seems to encompass the prospect of a private equity-backed buyout. Micro Focus is certainly cheap now: it trades at just six times forward earnings. But given Chairman Kevin Loosemore’s approach to generating shareholder returns, it’s unclear exactly how going private might improve the business.Since taking over as chairman in 2011, Loosemore has grown Ebitda more than eight-fold by acquiring legacy software companies, dramatically cutting costs and cross-selling products. This strategy appears to leave little room for a private equity buyer to take similar steps. A leveraged buyout of a shrinking business, whose costs have theoretically already been cut to the bone, would require some considerable strategic vision.The primary benefit of shelter from the capital markets might be to increase investment in research and development, potentially allowing the company to re-emerge in five years’ time with a compelling growth story. That would not only be a major gamble, but a significant strategic shift.With the existing strategy, improvement needs to come from the sales side, and that’s something that benefits from greater scale. On that basis, carving the company up and selling off its constituent pieces would seem counter-intuitive, since it would reduce said scale.In the 12 years before the HPE acquisition, Micro Focus boasted annual compound shareholder returns of almost 30%. In the two years since, the compound return has been a negative 14%. It’s hard to see the escape route from this trajectory.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- MarketWatch
HPE earnings beat sends shares up 8%
Hewlett Packard Enterprise Co.’s stock rose as much as 8% in after-hours trading Tuesday after it reported earnings that beat Wall Street estimates, but the company warned of softness in computer and storage markets in the third quarter.
- Benzinga
A Look At Benzinga Pro's Most-Searched Tickers For August 28, 2019
most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Ossen Innovation Co (NASDAQ: OSN ) shares were ...
Meredith VideosHPE CEO Antonio Neri Talks Economic Climate And Supercomputing
Antonio Neri isn't letting the uncertain economic climate affect Hewlett Packard Enterprise's investments.
