TickerBrief

HPE · Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Co HPE

Provides enterprise servers, storage, and networking hardware along with edge-to-cloud computing services for businesses.

Industry
Technology
Listed on
New York Stock Exchange
IPO
2015-10-19
Website
hpe.com

Daily brief

HPE surges as Oracle's huge AI capex lifts server demand

+12.44% to $62.09 from $55.22

What moved HPE

  • HPE posted one of its biggest single-session gains this year, with shares up sharply in Friday trading.
  • The move followed Oracle CFO Hilary Maxson confirming full-year capital expenditure of $90 billion to $95 billion, spending that flows directly to AI rack, cooling and networking vendors including HPE.
  • The rally added roughly $7 billion of market value to HPE in a single session.
  • Analysts noted HPE stands to benefit as Oracle deploys HPE’s platforms across its data centers, supported by Oracle’s large and growing AI contract backlog.

Sources: 24/7 Wall St. · ad-hoc-news.de

Daily brief

HPE jumps on a record quarter and boosted AI-driven guidance

+1.89% to $51.83 from $50.87

What moved HPE

  • Fiscal third-quarter revenue was $12.213 billion versus $11.892 billion expected, with adjusted EPS of $1.11 topping the $0.93 estimate.
  • The company raised its outlook and committed to returning 75% of free cash flow to shareholders in the fourth quarter.
  • Shares climbed in pre-market trading after Deutsche Bank initiated coverage with a Buy rating and $62 target, and Bank of America raised its price target to $82 from $80, citing HPE’s AI infrastructure position.

Sources: Yahoo Finance · TS2.tech

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