Hewlett Packard Enterprise (HPE) to Spin, Merge Enterprise Services Business with CSC (CSC)

Susquehanna Raises Price Target on Hewlett Packard Enterprise (HPE); Sees Spin-Off as 'Win-Win'

Susquehanna reiterated a Neutral rating on Hewlett Packard Enterprise (NYSE: HPE), and raised the price target to $16.00 (from $15.00), following the company's 2Q earnings report. HPE's guide came below consensus. However, the conference call was dominated by the 50/50 spin-off of the Services biz segment.... More

Hewlett Packard (HPE): Enterprise Services Spin-Off Will Create Better Focus - FBN

FBN Analyst, Shebly Seyrafi, raised her PT to $21 from $18 as HP Enterprise (NYSE: HPE) will benefit from half of the $1B in synergies from the CSC deal as well as developing a better focus.

On the quarter, the 10% Y/Y growth in Enterprise Group (EG) was... More

Oppenheimer Reiterates Outperform on Hewlett Packard Enterprise (HPE) Following 2Q Results

Oppenheimer maintained an Outperform rating and $21.00 price target on Hewlett Packard Enterprise (NYSE: HPE) following the company's 2Q earnings report. HPE reported revenue of $12.71B with EPS of $0.42, compared to consensus estimates of $12.34B and $0.42.

Analyst Ittai Kidron commented, "HPE reported solid... More

BMO Capital Raises Price Target on Hewlett Packard Enterprise (HPE) Following 2Q Beat

BMO Capital reiterated an Outperform rating on Hewlett Packard Enterprise (NYSE: HPE), and raised the price target to $24.00 (from $23.00), following the company's 2Q earnings report. Revenues of $12.7 billion were above consensus estimates of $12.4 billion. HPE does not provide revenue guidance, but expects... More

Needham & Company Upgrades HP Enterprise (HPE) to Buy

Needham & Company upgraded HP Enterprise (NYSE: HPE) from Hold to Buy with a price target of $22.00 after the comapny announced its plan to spin off and merge its $18B Enterprise Services business with CSC.

Analyst Richard Kugele commented, "In... More

Raymond James Downgrades Computer Sciences (CSC) to Market Perform

Raymond James downgraded Computer Sciences (NYSE: CSC) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.

Shares of Computer Sciences closed at $35.65 yesterday.

HP Enterprise (HPE) Spin Provides Upside To Analyst Expectations; PT Up to $24 - Jefferies

Jefferies analyst, James Kisner, noted that HP Enterprise (NYSE: HPE) revenue totaled of $12.71B beat consensus of $12.34B. The upside came from Enterprise Group ($7.01B, Street = $6.67B) and Enterprise Services ($4.72B, Street = $4.61B). Within Enterprise Group, Networking (+18% Y/Y organically, c.c.) and Servers (+10% c.c.) were notably strong. Q2 EPS... More

Barclays Upgrades Computer Sciences (CSC) to Overweight

Barclays upgraded Computer Sciences (NYSE: CSC) from Equalweight to Overweight with a price target of $54.00.

For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.

Shares of Computer Sciences closed at $35.65 yesterday.

Computer Sciences (CSC) Tops Q4 EPS by 5c; Guides FY17 EPS

Computer Sciences (NYSE: CSC) reported Q4 EPS of $0.73, $0.05 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.8 billion.

GUIDANCE:

Computer Sciences sees FY2017 EPS of $2.75-$3.00.

For earnings history and earnings-related data on Computer Sciences (CSC) click here.

Hewlett Packard Enterprise (HPE) Reports In-Line Q2 EPS; Adds $3B to Stock Buyback Authorization

Hewlett Packard Enterprise (NYSE: HPE) reported Q2 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $12.7 billion versus the consensus estimate of $12.33 billion.

Board authorized additional $3 billion for share repurchases; $4.8 billion now remaining in stock repurchase... More