HPE revenues surge thanks to increased demand for networking devices

Marcus Newton
September 7, 2017

08/23/2017 - Hewlett-Packard Company had its "buy" rating reiterated by analysts at Mizuho. For the fiscal 2017 fourth quarter, Hewlett Packard Enterprise estimates GAAP diluted net earnings per share to be flat to 4 cents and non-GAAP diluted net EPS to be in the range of 26 cents to 30 cents per share. Susquehanna initiated the shares of HPE in report on Tuesday, December 8 with "Negative" rating. The overall volume in the last trading session was 1.15 million shares.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -3.09 and -8.33 respectively. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company's stock valued at $170,315,000 after purchasing an additional 6,081,628 shares in the last quarter. Finally, Pzena Investment Management LLC increased its position in shares of Hewlett Packard Enterprise by 27.7% during the 2nd quarter. About shares traded. Owens Corning (NYSE:OC) has risen 23.07% since September 4, 2016 and is uptrending.

Hewlett Packard Enterprise (HPE) has reached an agreement to acquire cloud consultancy Cloud Technology Partners (CTP) to grow the capabilities of its hybrid IT service HPE Pointnext, the companies announced today. Traders bought 12,185 put options on the stock.

The P/E ratio is 10.85 and market cap is 23.51B.

Shares are trading at $14.04 which is just over $13.70, the 50 day moving average and a bit higher than the 200 day moving average of $13.69. Credit Suisse maintained Hewlett Packard Enterprise Co (NYSE:HPE) rating on Wednesday, April 5. Analysts expect next quarter's EPS to be $0.40 with next year's EPS anticipated to be $1.32.

Within the enterprise group, networking revenue, which included switches, routers and wireless local area network devices, jumped 16 percent and storage revenue 11 percent.

In terms of earnings per share, 22 analysts have a 0.26 EPS mean target for the quarter ending Jul-17, for the quarter ending Oct-17, 22 analysts have a 0.41 EPS mean target and for the quarter ending Oct-17 there are 14 estimates of 1.44 EPS. During the same quarter in the prior year, the business earned $0.49 earnings per share. The dividend will be $0.065 per share for the quarter which comes to $0.26 on an annualized basis.

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Hewlett Packard Enterprise Company is a well-known provider of technology solutions. If you are viewing this story on another website, it was copied illegally and reposted in violation of USA and global copyright law. Hewlett Packard Enterprise now has a consensus rating of "Hold" and an average price target of $21.55.

HPE has been the subject of several research reports. Gabelli has "Buy" rating and $29.0 target.

In analysts report made public on 6 September, stock analysts at Bank of America's equity research division downgraded the rating for Hewlett Packard (HPE) shares from the previous Neutral to a Underperform. Jefferies maintained Hewlett Packard Enterprise Co (NYSE:HPE) on Wednesday, June 7 with "Buy" rating. Two Brokerage firms have recommended the share with a sell recommendation, seventeen has issued a hold recommendation, thirteen have published a buy recommendation and 1 have issued a strong buy recommendation to the share.

BA shares have been tightly coiling around their 20-day moving average ever since a late July gap-up, all while working off overbought levels in the Relative Strength Index (RSI).

In other news, CEO Margaret C. Whitman sold 251,268 shares of the business's stock in a transaction that occurred on Friday, August 4th.

In other news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $16.71, for a total transaction of $1,046,914.92. The recent change has given its price a -17.46% deficit over SMA 50 and -25.31% deficit over its 52-week high. The disclosure for this sale can be found here. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

Institutional owners hold 84.50% stake while Insiders ownership held at 0.10% in the company.

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