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Hewlett Packard Enterprise (HPE) downside potential outweighed by enthusiasm for AI server upside - Morgan Stanley
November 30, 2023 10:24 AM ESTMorgan Stanley upgraded Hewlett Packard Enterprise (NYSE: HPE) to Equal Weight from underweight in a note Thursday, maintaining its $16 per share price target on the stock.
Analyst Meta Marshall, reacting to the company's quarterly earnings release, said the firm would have liked more derisking of Intelligent Edge... More
Hewlett Packard Enterprise (HPE) tops profit estimates as AI order momentum continues
November 29, 2023 9:45 AM ESTHewlett Packard Enterprise (NYSE: HPE) shares have rallied in early Wednesday trading after the company topped quarterly earnings estimates.
The IT company reported Q4 EPS of $0.52, $0.02 better than the analyst estimate of $0.50, while revenue for the quarter came in at $7.35 billion, down 7% YoY, and in line with the consensus estimate of $7.35 billion.
HPE said its strategic investments and innovation across the growth areas of Edge, Hybrid Cloud, and AI are resonating with customers, while its "steady execution" boosted its results. In... More
