Economy

Hewlett Packard Enterprise Company (HPE) Releases Q4 Earnings Guidance

Hewlett Packard Enterprise Company (HPE) Releases Q4 Earnings Guidance”

Share performance for the month is now at 1.12%.

The consensus recommendation, according to Zacks Investment research, is 2.61. ValuEngine raised shares of Hewlett Packard Enterprise from a hold rating to a buy rating in a research report on Friday, September 1st.

Revenue from the company's enterprise group division, which included storage and networking businesses and accounted for more than three-fourths of total revenue, rose almost 3 percent to $6.79 billion in the third quarter ended July 31. Hewlett Packard Enterprise Company has a 52 week low of $11.99 and a 52 week high of $14.86. Hewlett Packard Enterprise also was the target of some unusual options trading on early Tue. The average stock price target is $20.11 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. The stock now has an average rating of "Hold" and an average price target of $19.38.

Hewlett Packard Enterprise (NYSE HPE) started trading at 14.04 on early Wednesday. The company's stock had a trading volume of 28,924,908 shares. The firm has a market cap of $23.06 billion, a P/E ratio of 10.64 and a beta of 2.72. The company rocked its 52-Week High of $14.86 and touched its 52-Week Low of $11.99. Investors acquired 12,185 put options on the stock.

For the Current Quarter, the growth estimate for Hewlett Packard Enterprise Company is -46.9%, while for the Next Quarter the stock growth estimate is -34.4%. Looking at a shorter time period, shares have been seen 0.09% away from the 50 day high and -5.00% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Hewlett Packard Enterprise Company (NYSE:HPE). The business's quarterly revenue was up 2.5% compared to the same quarter previous year.

Previously on 9/04/2017, Barclays released a statement about Hewlett Packard Enterprise (NYSE:HPE) upped the target price from $17.00 to $18.00 that suggested an upside of 0.26%.

Hewlett Packard Enterprise Company (NYSE:HPE) issued an update on its fourth quarter earnings guidance on Tuesday morning. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of USA and global copyright and trademark law.

In other news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $16.71, for a total value of $1,046,914.92. Following the completion of the sale, the chief executive officer now owns 962,433 shares in the company, valued at approximately $16,977,318.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The shares were sold at an average price of $17.47, for a total value of $6,807,202.97. IBM Retirement Fund now owns 40,569 shares of the technology company's stock valued at $752,000 after acquiring an additional 21,307 shares during the period. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of HPE.

HPE reported a 2.5 percent rise in quarterly revenue to $8.21 billion, beating the average analyst estimate of $7.49 billion. Tightening the gaze, stock performance for the last 5 trading days is 7.90%. Alpha Windward LLC grew its position in shares of Hewlett Packard Enterprise by 11.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company's stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Finally, IBM Retirement Fund grew its position in shares of Hewlett Packard Enterprise by 110.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company's stock valued at $111,000 after purchasing an additional 266 shares during the last quarter.

Hewlett Packard Enterprise Company is a provider of technology solutions.

The net income was partly affected by the spinoffs of its enterprise services business with Computer Sciences Corp and software business with Micro Focus International PLC, HPE said.



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