Hewlett Packard Enterprise (HPE) Stock

Our Zacks Earnings ESP makes it simpler to identify stocks that are likely to exceed quarterly earnings predictions.

Hewlett Packard is anticipated to announce earnings for FY24 showing a growth of 1-3% and a diluted EPS between $1.68 and $1.73, along with a positive buy rating and a target price of $28.64 per share. In Q3'24, the company experienced a 10% increase in sales, largely due to AI systems, and saw a notable rise in GreenLake customers along with a robust AI portfolio. HPE is in a good position to benefit from strong growth trends in AI infrastructure and the upcoming refresh cycle for general compute servers.

We have selected three technology stocks, RBRK, PSTG, and HPE, that are expected to deliver unexpected earnings this time around.

Lowe's (LOW) shares fell even after they reported better-than-expected earnings and increased their forecasts. Similarly, XPENG (XPEV) also saw a drop in its stock despite reporting higher electric vehicle deliveries. In regulatory news, the Department of Justice is asking Alphabet (GOOGL) to sell Chrome, while HP Enterprise (HPE) and Juniper Networks (JNPR) are requesting that their merger not be blocked.

Hewlett Packard Enterprise (HPE) has revealed that Nationwide Building Society, the largest building society globally, has chosen HPE GreenLake cloud for its private cloud setup, helping it speed up its hybrid cloud development. By incorporating HPE GreenLake Management Services as a key cloud services provider, Nationwide aims to harness cloud technology to meet its customers' changing requirements.

Hewlett Packard Enterprise has launched a variety of cooling systems, networking and storage parts, servers optimized for AI, and software for user services.

Hewlett Packard Enterprise (HPE) has a strong track record of surprising with its earnings and currently has the right mix of factors that could lead to a positive outcome in its upcoming quarterly report.

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

Investors looking at Computer-Integrated Systems stocks have probably come across both Hewlett Packard Enterprise (HPE) and IBM (IBM). The question is, which of these two stocks provides better value for money for investors at this moment?