Hewlett Packard Enterprise Reports Fiscal 2024 Second Quarter Results

Evercore ISI Closes Tactical Outperform Call on HP Enterprise (HPE)

Evercore ISI analyst Amit Daryanani reiterated an In Line rating and $22.00 price target on HP Enterprise (NYSE: HPE).

The analyst comments "We are closing our tactical outperform call on HPE following solid Apr-qtr earnings. HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise... More

HP Enterprise (HPE) PT Raised to $22 at BofA Securities

BofA Securities analyst Wamsi Mohan raised the price target on HP Enterprise (NYSE: HPE) to $22.00 (from $19.00) while maintaining a Neutral rating.

The analyst comments "HPE reported F2Q revenue of $7.2bn (+4% y/y in CC) above our/Street estimates of... More

HP Enterprise (HPE) PT Raised to $22 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the price target on HP Enterprise (NYSE: HPE) to $22.00 (from $18.00) while maintaining a In Line rating.

The analyst comments "HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise customers growing, as well as traction in its GreenLake AI offering (fastest growing segment of ARR this quarter). Contrary to disappointing margin performance... More

Hewlett Packard Enterprise (HPE) Tops Q2 EPS by 3c, Offers Guidance

Hewlett Packard Enterprise (NYSE: HPE) reported Q2 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $7.2 billion versus the consensus estimate of $6.83 billion.

GUIDANCE:

Hewlett Packard Enterprise sees FY2024 EPS of $1.85-$1.95, versus the... More