Hewlett Packard Enterprise (HPE): Setting The Analyst Day Benchmarks - Bernstein

Bernstein analyst, Toni Sacconaghi, reiterated his Outperform rating on shares of HP Enterprise (NYSE: HPE) and offered a list of 5 things to look for at the upcoming analyst day:

1) FY 18 EPS guidance of $1.15 to $1.25

2) Cost cutting details (the analyst expects $900M in net savings over the next 3 years, and $700M in cash charges)

3) A possible exit (50%/50% chance) of the company's Cloudline business

4) An update on capital allocation (the analyst expects the same as FY 17)

5) FCF guidance of ~$1.1-$1.5B for FY 18,with FY 19 FCF approaching "normalized levels" of
$1.9 - $2.0B

No change to the price target of $18

For an analyst ratings summary and ratings history on HP Enterprise click here. For more ratings news on HP Enterprise click here.

Shares of HP Enterprise closed at $14.80 yesterday.

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