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Hewlett Packard Enterprise (HPE) Expands Aruba Clientele
ZACKS· 2024-06-06 15:21
Hewlett Packard Enterprise’s (HPE) Aruba Networking has been continuously regarded as an efficient solution by HPE’s client base. One of its long-term clients, Blue Diamond Growers, recently switched to HPE’s Aruba Networking.The 100-year-old almond farming company has adopted HPE Aruba Networking Wi-Fi 6E and Wi-Fi 6 Access Points. Previously, Blue Diamond was using HPE Aruba Networking EdgeConnect SD-WAN and later HPE Aruba Networking Boost for WAN optimization.The installation of Wi-Fi 6E and Wi-Fi 6 Acc ...
Hewlett Packard Enterprise Company (HPE) BofA Securities 2024 Global Technology Conference (Transcript)
2024-06-06 01:20
Hewlett Packard Enterprise Company (NYSE:HPE) BofA Securities 2024 Global Technology Conference June 5, 2024 11:40 AM ET Company Participants Marie Myers - CFO Conference Call Participants Ruplu Bhattacharya - Bank of America Ruplu Bhattacharya Okay. Folks, I think we're going to get started. Thanks, everyone, for attending the second day of our 2024 Global Technology Conference. My name is Ruplu Bhattacharya, and I'm a Director with the IT hardware and electronics manufacturing services equity research tea ...
Hewlett Packard Enterprise Company (HPE) BofA Securities 2024 Global Technology Conference (Transcript)
Seeking Alpha· 2024-06-06 01:20
Hewlett Packard Enterprise Company (NYSE:HPE) BofA Securities 2024 Global Technology Conference June 5, 2024 11:40 AM ET Company Participants Marie Myers - CFO Conference Call Participants Ruplu Bhattacharya - Bank of America Ruplu Bhattacharya Okay. Folks, I think we're going to get started. Thanks, everyone, for attending the second day of our 2024 Global Technology Conference. My name is Ruplu Bhattacharya, and I'm a Director with the IT hardware and electronics manufacturing services equity research tea ...
S&P 500 Gains and Losses Today: Tech Outperformance Boosts Index to Record High
Investopedia· 2024-06-05 21:55
Key TakeawaysThe S&P 500 jumped 1.2% on Wednesday, June 5, 2024, as a slowdown in hiring by private employers increased rate-cut optimism and tech stocks outperformed.Hewlett Packard Enterprise shares surged to a record high after the IT firm raised its guidance, citing strong demand for AI servers.Shares of Brown-Forman tumbled after the alcoholic beverage maker missed quarterly estimates amid slumping demand for Jack Daniel's Tennessee Whiskey. Major U.S. equities indexes jumped higher as a report showed ...
Stock Market Today: Stocks Post Gains on Rising Rate-Cut Hopes
Kiplinger.com· 2024-06-05 20:07
Stocks caught a tailwind Wednesday as more signs of a cooling labor market boosted market participants' expectations for an earlier-than-expected rate cut from the Federal Reserve. Traders and investors also digested another batch of quarterly earnings and more fresh economic data.Starting with econ news. The next jobs report lands at the end of the week, but a bad-news-is-good-news reading on the labor market helped lift equities on Wednesday. The private sector added 152,000 jobs last month, according to ...
Hewlett-Packard Stock Soars Post-Earnings Record High
Schaeffers Investment Research· 2024-06-05 15:13
Shares of Hewlett-Packard Enterprise Co (NYSE:HPE) are soaring to record highs, following the computer hardware name's better-than-expected fiscal second-quarter results and upbeat annual and fiscal third-quarter guidance. Artificial intelligence (AI)-optimized server demand contributed to the results, with at least 10 analysts lifting their price targets today.At last glance, HPE was up 11.9% to trade at $19.70, after earlier hitting an all-time peak of $20.43. This bull gap to all-time levels has the equi ...
Hewlett Packard (HPE) Soars on Q2 Earnings Beat, Strong Guidance
ZACKS· 2024-06-05 13:56
Hewlett Packard Enterprise Company (HPE) shares rose 15.3% during Tuesday’s extended trading session after the global edge-to-cloud company reported better-than-expected results for the second quarter of fiscal 2024. HPE’s upbeat guidance for the third quarter and full-fiscal 2024 on rapidly growing sales of servers built to handle artificial intelligence (AI) work also boosted investors’ confidence in the stock’s near-term prospects.Hewlett Packard reported non-GAAP earnings of 42 cents per share for the s ...
HP Enterprise (HPE) Stock Soars as Investors See AI Potential
Investor Place· 2024-06-05 13:53
HP Enterprise (NYSE:HPE) is up about 15% today and is one of the top-trending tickers on social media and financial news websites. HPE stock is rallying and getting a great deal of attention after the computer hardware maker reported stronger-than-expected quarterly financial results. The company’s strong performance was driven by the strength of its artificial intelligence (AI) server business.Beat-and-Raise ResultsHP’s fiscal Q2 top line rose 3% compared to the same period a year earlier to $7.2 billion, ...
HPE(HPE) - 2024 Q2 - Quarterly Report
2024-06-05 12:14
Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended:April 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number001-37483 HEWLETT PACKARD ENTERPRISE COMPANY (Exact name of registrant as specified in its charter) Delaware 47-3298 ...
HPE(HPE) - 2024 Q2 - Earnings Call Transcript
2024-06-05 00:25
Hewlett Packard Enterprise Company (NYSE:HPE) Q2 2024 Earnings Conference Call June 4, 2024 5:00 PM ET Company Participants Jeff Kvaal - Head of IR Antonio Neri - President and CEO Marie Myers - CFO Conference Call Participants Amit Daryanani - Evercore ISI Aaron Rakers - Wells Fargo Mary Lenox - Morgan Stanley Toni Sacconaghi - Bernstein Joseph Cardoso - JPMorgan Victor Chiu - Raymond James Ruplu Bhattacharya - Bank of America Ananda Baruah - Loop Capital Markets Louis Miscioscia - Daiwa Capital Markets Op ...