HP Enterprise (HPE) volatility up into Enterprise Services segment merger with CSC (CSC) and Q2
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Susquehanna Raises Price Target on Hewlett Packard Enterprise (HPE); Sees Spin-Off as 'Win-Win'
May 25, 2016 2:50 PM EDTSusquehanna 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
May 25, 2016 9:50 AM EDTFBN 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
May 25, 2016 9:21 AM EDTOppenheimer 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
May 25, 2016 8:33 AM EDTBMO 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
May 25, 2016 7:51 AM EDTNeedham & 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
HP Enterprise (HPE) Spin Provides Upside To Analyst Expectations; PT Up to $24 - Jefferies
May 25, 2016 7:16 AM EDTJefferies 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
