|Bid||11.16 x 21500|
|Ask||11.15 x 800|
|Day's range||10.96 - 11.38|
|52-week range||7.43 - 17.59|
|Beta (5Y monthly)||1.54|
|PE ratio (TTM)||14.43|
|Earnings date||25 Aug 2020 - 31 Aug 2020|
|Forward dividend & yield||0.48 (4.64%)|
|Ex-dividend date||09 Jun 2020|
|1y target est||10.97|
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
Hewlett Packard's (HPE) enterprise networking brand, Aruba, comes up with new solutions to deal with returning to workplaces, working from home and different office operations.
Yahoo Finance catches up with HP's CEO Enrique Lores fresh off its second fiscal quarter earnings report.
Aruba is expanding its Instant On product family to include a new series of switches to enable a unified, high-speed network for small businesses.
The computing giant has already culled spending, and the company could still hit a wall that does more damage than just spending the money might.
Shares of Hewlett Packard Enterprise (NYSE: HPE) slumped on Friday after the company reported fiscal second-quarter results that missed the mark and announced plans to slash costs over the next three years. HPE reported second-quarter revenue of $6.0 billion, down 16% year over year and $280 million below the average analyst estimate. Revenue in the computer segment, HPE's largest, was down 19% to $2.6 billion.
Hewlett Packard (HPE) Q2 results hurt by supply chain constraints and delays in customer acceptance caused due to coronavirus-led disruptions.
(Bloomberg) -- International Business Machines Corp. cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. The company declined to comment on the total number, but the workforce reductions appear far-reaching.“IBM’s work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,” company spokesman Ed Barbini said Thursday in a statement. “Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”Based on a review of IBM internal communications on the Slack corporate messaging service, the number of affected employees is likely to be in the thousands, said a North Carolina-based worker who lost his job along with his entire team of 12. “This was far ranging -- and historical employment ratings, age and seniority did not seem to matter,” he said. The person asked not to be identified on concern that speaking publicly may impact his severance package.The cuts also affected employees in Pennsylvania, California, Missouri and New York, where IBM is based, according to people familiar with the matter.Another worker who lost his job said the reductions mostly focus on IBM’s North American workforce. Half of his 70-person department were cut on Thursday and told their last day with the company will be June 22. The person asked not to be identified discussing a sensitive topic. The tech industry has suffered widespread job losses after the coronavirus pandemic triggered a severe recession. Airbnb Inc. and Uber Technologies Inc. have cut about a quarter of their workforces. Earlier on Thursday, Hewlett Packard Enterprise Co. said it will eliminate some employees to save money, while Dell Technologies Inc. suspended several staff benefits. It’s unclear how many of IBM’s cuts are caused by the pandemic. The company has suffered years of falling revenue. In an earnings call in January, IBM discussed reducing costs through “aggressive structural actions” to improve the competitiveness of its Global Technology Services consulting unit, which represents about a third of revenue.In online forums Thursday, dozens of newly unemployed IBM workers, some who said they had been with the company for more than 20 years, lamented the situation and expressed fear over finding a new job in a recession. “With the Covid situation, it will be hard to find new opportunities,” one wrote.(Updates with HPE cuts in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Hewlett Packard Enterprise Co. reported declining sales and announced it would cut jobs and reduce executive pay, saying the coronavirus pandemic has disrupted supply chains for data-center hardware.Revenue fell 16% to $6 billion in the period ended April 30, the San Jose, California-based company said Thursday in a statement. Analysts, on average, expected $6.19 billion, according to data compiled by Bloomberg. Profit, excluding some items, was 22 cents a share, compared with an average estimate of 28 cents.The company said it was putting in place a plan to cut costs, with a goal of $1 billion in savings by the end of fiscal 2022. Measures will including simplifying its product portfolio and supply chain as well as changing customer support, marketing efforts and real estate strategies, HPE said in the statement.“It definitely was a tough quarter by every measure and I’m disappointed in the performance, but I don’t see this as an indication of our capabilities,” Chief Executive Officer Antonio Neri said in an interview. “This was clearly driven by supply chain disruptions because of coronavirus,” including a shortage of chip components from China, disrupted logistics and social-distancing guidelines in some regions.Neri said he expected HPE’s sales to “recover sequentially,” with the third quarter posting better results than the second and the fourth improving further. Still, he said, it’s unknown just how bad the economic downturn will be.The company withdrew its annual profit forecast last month, citing uncertainty from the Covid-19 pandemic, which has forced millions of people to stay home to prevent the spread of the virus.HPE shares dropped about 5% in extended trading after closing at $10.36 in New York. The stock has dropped 35% this year.Neri has struggled to spark sales growth at the computing and networking company, which has seen year-over-year revenue declines in all but one quarter since the company split from HP Inc. in 2015. Competing with larger hardware rival Dell Technologies Inc. and dominant cloud-computing companies such as Amazon.com Inc. and Microsoft Corp., HPE has hitched its future to edge computing, which distributes data-processing capacity closer to customers rather than at centralized data centers. More immediately, the company has sought to support sales by offering $2 billion of financing for clients trying to preserve cash in the pandemic.Under the company’s three-year plan to reduce expenses, senior executives including Neri will take 20% to 25% cuts to their base salaries and the board reduced each director’s cash retainer by 25% from July to the end of the fiscal year. The hardware maker will consolidate offices where possible, Neri said. He expects more than half of HPE’s employees won’t return to the office full time, instead dropping in for meetings and collaboration when necessary.The number of employees who may lose their jobs under the cost-cutting plan hasn’t been determined, Neri said. The company will spend the next few months working out the details and evaluating how much it can save in other areas. HPE has already instituted some temporary pay cuts and has frozen employee raises and promotions, executives said on a conference call after the results were announced.In the fiscal second quarter, revenue declined in all of HPE’s business segments. Server sales dropped 20% to $2.64 billion and storage hardware fell 18%. Neri said the company saw “steady” demand from large enterprises while small and mid-sized businesses struggled. HPE wasn’t able to produce as much data-center hardware as clients were ordering, he said.HPE’s integration of supercomputer maker Cray is on track and should yield synergies by 2021, executives said on the call.(Updates with additional details starting in ninth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
HP Enterprise (HPE) delivered earnings and revenue surprises of -29.03% and -7.21%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Slowdown in technology spending by enterprises and business disruptions due to the coronavirus outbreak might have affected Hewlett Packard's (HPE) Q2 performance.
HP Enterprise (HPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The integration of Aruba ClearPass Policy Manager with Microsoft endpoint protection platforms give enterprises greater protection from cyberattacks.
Hewlett Packard Enterprise (HPE) today announced that the enhanced HPE SimpliVity 325 Gen 10 hyperconverged infrastructure solution (HCI) with the new 2nd Gen AMD EPYC™ processor, doubles the virtual desktops supported per server to provide businesses a 50% lower cost per remote worker1. In addition, HPE Nimble Storage dHCI, a disaggregated HCI platform released last year, is now available through HPE GreenLake, enabling virtual desktop infrastructure (VDI) and virtual machines as-a-service with a pay as you go model. Advancements to Nimble Storage dHCI also include increased scale and support for expanded HPE ProLiant server models with the new 2nd Gen AMD EPYC™ processor, helping customers use VDI for unpredictable workloads, large scale environments, and performance intensive desktop users.
Hewlett Packard Enterprise to Present Live Audio Webcast of Second Quarter Earnings Conference Call
Hewlett Packard Enterprise (HPE) today announced that HPE GreenLake Central, unveiled in December 2019, is now generally available for HPE GreenLake customers. This advanced software platform provides customers with a consistent cloud experience for all their applications and data, through an online operations console that runs, manages and optimizes their entire hybrid cloud estate. In addition, HPE is introducing enhancements to its as-a-Service portfolio with support for data management and file storage, and an enhanced co-location offering through partnerships with Cohesity, Qumulo, and CyrusOne, respectively.
Hewlett Packard Enterprise (HPE) today announced dedicated relief initiatives for partners in support of business continuity in the wake of COVID-19.
Today we'll look at Hewlett Packard Enterprise Company (NYSE:HPE) and reflect on its potential as an investment...