HP Enterprise (HPE) Spin Provides Upside To Analyst Expectations; PT Up to $24 - Jefferies

Susquehanna Raises Price Target on Hewlett Packard Enterprise (HPE); Sees Spin-Off as 'Win-Win'

May 25, 2016 2:50 PM EDT

Susquehanna 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 EDT

FBN 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 EDT

Oppenheimer 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 EDT

BMO 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 EDT

Needham & 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) volatility up into Enterprise Services segment merger with CSC (CSC) and Q2

May 25, 2016 6:52 AM EDT

HP Enterprise (NYSE: HPE) May weekly call option implied volatility is at 96, June is at 49, July is at 38, August is at 37; compared to its 52-week range of 28 to 52 into announcing that its board has unanimously approved a plan to for it to merge the... More

Hewlett Packard Enterprise (HPE) Reports In-Line Q2 EPS; Adds $3B to Stock Buyback Authorization

May 24, 2016 4:08 PM EDT

Hewlett Packard Enterprise (NYSE: HPE) reported Q2 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $12.7 billion versus the consensus estimate of $12.33 billion.

Board authorized additional $3 billion for share repurchases; $4.8 billion now remaining in stock repurchase... More

Hewlett Packard Enterprise (HPE) to Spin, Merge Enterprise Services Business with CSC (CSC)

May 24, 2016 4:06 PM EDT

Hewlett Packard Enterprise (NYSE: HPE)

Transaction will deliver HPE shareholders approximately $8.5 billion in expected after-tax value in stock-for-stock exchange;Merger of two businesses expected to produce first-year cost synergies of approximately $1 billion post-close, with run rate of $1.5 billion by end of year one;HPE shareholders will own approximately 50 percent of new combined company;Agreements between HPE and the new company will maintain focus on serving current customers and growing new business opportunities over time;Mike Lawrie to become chairman, president and CEO of new... More