Hewlett Packard Enterprise Reports In-Line Q3 Earnings, Misses on Revenue

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Hewlett Packard Enterprise($NYSE:HPE) reported their third quarter earnings and unfortunately missed their revenue target by $20 million. However, their non-GAAP EPS was $0.48, which was in-line with what analysts were expecting. It’s not clear yet how the market will react to this news, but it’s possible that HPE’s stock price could drop in the short-term. Looking at the bigger picture, it’s unlikely that this one quarter will have a significant impact on HPE’s long-term prospects. The company is still a leader in the enterprise technology space and is expected to continue to grow at a healthy clip. So while the stock might be volatile in the near-term, investors shouldn’t be too worried about the long-term prospects of HPE.

Stock Price

HPE stock opened at $13.80 and closed at $13.60 on Tuesday.

VI Analysis

Hewlett Packard Enterprise is a technology company that offers a variety of products and services, ranging from personal computers and printers to enterprise-level software and services. The company’s fundamentals reflect its long-term potential, and its VI Risk Rating indicates that it is a medium-risk investment in terms of financial and business aspects. However, there are potential risks in the business and financial areas that should be considered before investing.

Summary

Looking ahead, HPE guidance for the fourth quarter was largely in-line with analyst expectations. Overall, HPE continues to perform well despite a challenging macro environment. The company is seeing strong growth in its hybrid IT and intelligent edge businesses, which should help offset any weakness in other areas.