HPE Stock Summary and Trading Ideas (Hewlett Packard Enterprise Company | NYSE:HPE)

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. 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 January 28, 2025, HPE stock price declined to $21.46 with 26,301,246 million shares trading.

HPE has a beta of 1.62, meaning it tends to be more sensitive to market movements. HPE has a correlation of 0.28 to the broad based SPY ETF.

HPE has a market cap of $28.23 billion. This is considered a Large Cap stock.

Last quarter Hewlett Packard Enterprise Company reported $8 billion in Revenue and $.58 earnings per share. This beat revenue expectation by $198 million and exceeded earnings estimates by $.02.

In the last 3 years, HPE traded as high as $24.66 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 +38.8%, while the SPY ETF gained +25.5%. In the last 3 month period, HPE beat the market returning +10.9%, while SPY returned +4.7%. However, in the most recent 2 weeks HPE has underperformed the stock market by returning -2.4%, while SPY returned +4.0%.

HPE support price is $22.40 and resistance is $23.50 (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 shares will trade within this expected range on the day.