HPE(HPE)

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HPE begins notifying data breach victims after Russian government hack
TechCrunch· 2025-02-07 15:20
Core Points - Hewlett Packard Enterprise (HPE) has begun notifying individuals whose personal information was stolen during a cyberattack attributed to Russian government hackers [1][5] - The breach involved sensitive data such as Social Security numbers, driver's license information, and credit card numbers [2] - The cyberattack began in May 2023, targeting HPE's email systems and SharePoint environments, which are hosted by Microsoft [3] - HPE disclosed that the hackers accessed internal email boxes through a compromised account, primarily affecting individuals in cybersecurity and business teams [4] - The attack is linked to a group known as Midnight Blizzard, associated with Russia's foreign intelligence service, SVR, which has been involved in other significant cyber incidents [5] Data Breach Details - More than a dozen individuals have been notified about the data breach [1] - The breach was publicly disclosed by HPE in January 2024, confirming the exfiltration of a "small number" of email mailboxes and SharePoint files [3] - Microsoft also confirmed that its corporate network was compromised by the same group, indicating a broader threat landscape [5]
Here's Why Hewlett Packard Enterprise (HPE) is a Strong Value Stock
ZACKS· 2025-02-05 15:41
Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [3] - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [4] - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5] - The Momentum Score helps investors capitalize on price trends by evaluating short-term price changes and earnings estimate shifts [6] - The VGM Score combines the three Style Scores to identify stocks with the best value, growth potential, and momentum, serving as a strong indicator alongside the Zacks Rank [7] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, aiding investors in portfolio building [8] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [10] Stock Example: Hewlett Packard Enterprise (HPE) - Hewlett Packard Enterprise, formed from the split of Hewlett-Packard Company, is currently rated 3 (Hold) with a VGM Score of A [12] - HPE has a Value Style Score of A, supported by a forward P/E ratio of 9.89, making it appealing to value investors [13] - The Zacks Consensus Estimate for HPE's fiscal 2025 earnings has increased to $2.11 per share, with an average earnings surprise of 7.8% [13]
HPE-Juniper Merger Impeded by DOJ: What Should Investors Do?
ZACKS· 2025-01-31 17:16
Core Viewpoint - Hewlett Packard Enterprise (HPE) has experienced a significant stock performance, gaining 38% over the past year, outperforming both the Zacks Computer and Technology sector and the S&P 500 index [1]. However, a recent lawsuit from the U.S. Department of Justice (DOJ) has raised concerns regarding HPE's $14 billion acquisition of Juniper Networks, causing a 2% drop in stock price [2]. Company Performance - HPE's stock has outperformed the Zacks Computer - Integrated Systems industry's decline of 4.3% over the past year [1]. The company is in the process of acquiring Juniper Networks for $40 per share, aimed at enhancing its networking business and offering next-generation AI-native networking solutions [3]. Regulatory Challenges - The DOJ has filed a lawsuit to block the merger, arguing that it would reduce competition in the networking market, where HPE, Juniper, and Cisco collectively hold about 70% market share [4][6]. The DOJ fears that the merger would lead to fewer competitors, lower prices, and hinder innovation [6]. Market Dynamics - HPE contends that there are eight companies competing in the $180 billion networking market, including Arista Networks and Fortinet, which also offer networking products [6][7]. The acquisition is expected to enhance HPE's portfolio and boost its revenue growth, with projected revenue increases of 7.5% and 5% for fiscal 2025 and 2026, respectively [9]. Financial Implications - HPE reported a $135 million increase in charges related to acquisitions, primarily due to the pending acquisition of Juniper Networks, with expectations for further cost increases due to the DOJ's intervention [10]. The merger has received approval from the European Union and the U.K. Competition and Markets Authority, providing some positive outlook for HPE [11]. Growth Areas - Despite regulatory challenges, HPE has seen strong performance in its GreenLake and AI systems segments. GreenLake's customer base grew by approximately 34.5% year over year, reaching 39,000 customers, with an annualized revenue run rate exceeding $1.9 billion [13]. Additionally, HPE reported $6.7 billion in cumulative orders for AI products since the first quarter of fiscal 2023, with backlogs valued at $3.5 billion [14]. Conclusion - The regulatory hurdles associated with the Juniper Networks acquisition present challenges, including rising costs and delayed revenue recognition. However, HPE's growth in GreenLake and AI systems indicates promising long-term potential for the company [15].
Tech Stock Due For Short-Term Rebound
Forbes· 2025-01-29 19:27
Stock Performance - Hewlett Packard Enterprise (HPE) shares dropped 12.3% from Monday through Tuesday amid the global tech selloff [1] - HPE shares are up 2.5% today, trading at $21.99 [1] - HPE hit a record high of $24.66 on Jan 22 before this week's pullback [3] - HPE sports a 39% year-over-year lead [3] Technical Analysis - HPE is testing its 126-day moving average, a historically bullish trendline [1] - HPE has traded down to this trendline five times in the last three years after significant periods above it [2] - In the past, when HPE met these conditions, the stock was higher one month later 80% of the time with an average 6.7% gain [2] Options Market Activity - Puts have been more popular than usual in the options pits for HPE [3] - The stock's 50-day put/call volume ratio ranks higher than 96% of readings from the past year [3] - An unwinding of this pessimism could provide tailwinds for the stock [3]
Why Hewlett Packard Enterprise (HPE) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-01-29 15:51
Core Insights - Zacks Premium offers various tools to help investors make informed decisions and enhance their confidence in the stock market [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing complementary indicators to the Zacks Rank [2][3] - Each stock receives a rating from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3] Growth Score - The Growth Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score identifies trends in stock prices and earnings outlooks, helping investors time their positions effectively [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still carry risks due to downward-trending earnings estimates [10] Company Spotlight: Hewlett Packard Enterprise (HPE) - Hewlett Packard Enterprise, formed from the split of Hewlett-Packard Company, is currently rated 3 (Hold) with a VGM Score of A [11] - HPE has a Momentum Style Score of A, with a 0.5% increase in shares over the past four weeks and a consensus earnings estimate of $2.10 per share for fiscal 2025 [12]
HPE investigating security breach after hacker claims theft of sensitive data
TechCrunch· 2025-01-21 11:21
Hewlett-Packard Enterprise is investigating a data breach after a well-known hacker claimed to have stolen sensitive information from the company.The hacker, who uses the alias “IntelBroker,” claims to have stolen a trove of data from HPE, the enterprise IT division of hardware giant HP. In a post on a popular cybercrime forum on January 16, seen by TechCrunch, IntelBroker said the stolen data includes product source code, private GitHub repositories, as well as access keys to several HPE services, includ ...
Why Hewlett Packard Enterprise (HPE) is a Top Value Stock for the Long-Term
ZACKS· 2025-01-20 15:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...
HPE Stock Climbs 34% in a Year: Hold Tight or Time to Let Go?
ZACKS· 2025-01-09 17:16
Core Viewpoint - Hewlett Packard Enterprise Company (HPE) has shown exceptional performance over the past year, with a stock increase of 34.1%, significantly outperforming its peers and major indices [1][2]. Group 1: Performance and Growth Drivers - HPE's stock performance has outpaced the Zacks Computer - Integrated Systems, Zacks Computer and Technology sector, and the S&P 500 index, which returned 8.5%, 33.4%, and 24.9% respectively [1]. - The growth has been primarily driven by strong performance in key segments, particularly GreenLake and artificial intelligence (AI) systems, with a notable increase in customer adoption [3]. - GreenLake's customer base expanded by approximately 34.5% year over year, reaching 39,000 in Q4 of fiscal 2024, contributing to an annualized revenue run rate that increased 48% year over year, exceeding $1.9 billion [4]. Group 2: AI Systems and Orders - HPE reported cumulative orders for AI products and services amounting to $6.7 billion since Q1 of fiscal 2023, with new AI orders in Q4 of fiscal 2024 increasing backlogs to $3.5 billion [5]. Group 3: Valuation Metrics - HPE's stock is trading at a forward 12-month price-to-earnings (P/E) ratio of 10.31, significantly lower than the industry average of 19.39, and a forward 12-month price-to-sales (P/S) ratio of 0.89 compared to the industry average of 3.34, indicating a potentially attractive investment opportunity [6]. Group 4: Challenges and Market Outlook - Despite the positive growth in AI and GreenLake, HPE faces near-term challenges due to softening IT spending, higher interest rates, and inflationary pressures affecting consumer spending [9]. - The Intelligent Edge division experienced a 20% year-over-year revenue drop in Q4 of fiscal 2024, attributed to inventory accumulation among customers and softer demand for switching and campus solutions [10]. - HPE's gross margin contracted by 390 basis points year over year to 30.9%, influenced by a low mix of high-margin Intelligent Edge revenues [11]. - The financial services division reported a modest 2% year-over-year revenue growth of $893 million in Q4 of fiscal 2024, reflecting the overall softness in IT spending [12]. Group 5: Financial Estimates - The Zacks Consensus Estimate for fiscal 2025 earnings has been revised downward to $2.10, and for fiscal 2026 to $2.28, indicating a lack of strong financial recovery in the near term [13]. Group 6: Conclusion - HPE's growth in GreenLake and AI indicates long-term potential, but current challenges necessitate a cautious approach, suggesting that holding the stock is advisable for now [15].
International Markets and Hewlett Packard Enterprise (HPE): A Deep Dive for Investors
ZACKS· 2024-12-20 15:15
Did you analyze how Hewlett Packard Enterprise (HPE) fared in its international operations for the quarter ending October 2024? Given the widespread global presence of this information technology products and services provider, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its ov ...
HPE(HPE) - 2024 Q4 - Annual Report
2024-12-19 13:20
Table of Content Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share HPE New York Stock Exchange 7.625% Series C Mandatory Convertible Preferred Stock, par value $0.01 per shareHPEPRC New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2024 Or ☐TRANSITIO ...