Hewlett Packard Enterprise files with European Commission for Juniper Deal
Seeking Alpha News (Fri, 28-Jun 7:50 AM ET)
Hewlett Packard Enterprise files with European Commission for $14B Juniper deal
Seeking Alpha News (Fri, 28-Jun 7:50 AM ET)
PRNewswire (Thu, 27-Jun 9:00 AM ET)
Ingram Micro Named 2024 Global Distribution Partner of the Year by Hewlett Packard Enterprise
Business Wire (Wed, 26-Jun 8:05 AM ET)
Hewlett Packard Enterprise Releases 2023 Living Progress Report
Business Wire (Tue, 25-Jun 11:02 AM ET)
PRNewswire (Tue, 18-Jun 2:00 PM ET)
Business Wire (Tue, 18-Jun 2:00 PM ET)
HPE Bull Call Spread is Attractively Priced at $1.05; Theoretical Value $1.11
Market Chameleon (Tue, 18-Jun 12:47 PM ET)
Why Selling This Iron Condor Spread in HPE Makes Sense for a $0.35 Credit
Market Chameleon (Tue, 18-Jun 12:45 PM ET)
Business Wire (Tue, 18-Jun 12:30 PM ET)
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
Hewlett Packard Enterprise Company trades on the NYSE stock market under the symbol HPE.
As of July 3, 2024, HPE stock price declined to $20.67 with 10,667,276 million shares trading.
HPE has a beta of 0.89, meaning it tends to be less sensitive to market movements. HPE has a correlation of 0.12 to the broad based SPY ETF.
HPE has a market cap of $26.87 billion. This is considered a Large Cap stock.
Last quarter Hewlett Packard Enterprise Company reported $7 billion in Revenue and $.42 earnings per share. This beat revenue expectation by $374 million and exceeded earnings estimates by $.03.
In the last 3 years, HPE stock traded as high as $22.82 and as low as $11.90.
The top ETF exchange traded funds that HPE belongs to (by Net Assets): VTI, VOO, VO, COWZ, SPY.
HPE has outperformed the market in the last year with a return of +26.1%, while the SPY ETF gained +25.9%. In the last 3 month period, HPE beat the market returning +17.5%, while SPY returned +6.6%. However, in the most recent 2 weeks HPE has underperformed the stock market by returning -5.4%, while SPY returned +0.9%.
HPE support price is $20.56 and resistance is $21.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HPE stock will trade within this expected range on the day.