Hewlett Packard Enterprise (HPE) Tops Q3 EPS by 4c; Boosts FY16 EPS Outlook

BMO Capital Raises Price Target on Hewlett Packard Enterprise (HPE) Following Mixed 3Q Report

September 8, 2016 9:38 AM EDT

BMO Capital reiterated an Outperform rating on Hewlett Packard Enterprise (NYSE: HPE), and raised the price target to $26.00 (from $24.00), following the company's 3Q earnings report. HPE reported mixed results, with revenue of $12.2B coming up short of the consensus estimate of $12.6B. EPS of $0.49 beat $0.45... More

Needham & Company Raises Price Target on Hewlett Packard Enterprise (HPE) Following 3Q

September 8, 2016 6:55 AM EDT

Needham & Company reiterated a Buy rating on Hewlett Packard Enterprise (NYSE: HPE), and raised the price target to $24.00 (from $22.00), following the company's 3Q earnings report. HP reported revenues of $12.2B for the quarter. EPS was reported at $0.49, above the guided range for $0.42-0.46 and... More

Hewlett Packard Enterprise (HPE) Announces Spin-off of non-Core Software Assets; Deal Valued at ~$8.8B

September 7, 2016 4:06 PM EDT

Hewlett Packard Enterprise (NYSE: HPE)

Transaction valued at approximately $8.8 billion, including 50.1% ownership of the new combined company by HPE shareholders and a $2.5 billion cash payment to HPECombination creates one of the world's largest pure-play enterprise software companiesAccelerates HPE's strategy to unlock faster-growing, higher-margin and stronger free cash flow companyHPE to discuss transaction during Q3 earnings call at 5:00 p.m. ET today.

Hewlett Packard Enterprise (NYSE: HPE) today announced plans for a spin-off and merger of its non-core software assets with Micro... More

Hewlett Packard Enterprise (HPE) said to receive $2.5 billion in cash for spin-off, merger - CNBC

September 7, 2016 3:45 PM EDT

Hewlett Packard Enterprise (NYSE: HPE) said to receive $2.5 billion in cash for spin-off, merger, according to CNBC.

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HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets

September 7, 2016 2:13 PM EDT

By Paul Sandle and Liana B. Baker

LONDON/NEW YORK (Reuters) - Hewlett-Packard Enterprise agreed to sell its software business to Micro Focus in a $8.8 billion deal that shrinks the Silicon Valley pioneer again while catapulting the little-known British firm into the top tier of European tech companies.

Autonomy, the British firm bought by HP in an ill-fated $11 billion push into software just five years ago, will return to British control after the deal for far below its original price.

HPE Chief Executive Meg Whitman is focusing the group on a few areas such as networking, storage... More