Hewlett Packard Enterprise Company ($HPE) Stock Forecast: Down 5.6% Today

What is Hewlett Packard Enterprise Company?

Hewlett Packard Enterprise (HPE) is a technology company that provides servers, storage, networking, and consulting services. Today, the stock experienced a strong bearish movement in the market.

Why is Hewlett Packard Enterprise Company going down?

HPE stock is down 5.6% on Dec 10, 2024 14:44

• Despite strong Q4 earnings and positive analyst forecasts, HPE's stock took a hit, possibly due to profit-taking after a recent surge in price.
• The company's transitions and challenges mentioned in commentary may have contributed to investor uncertainty and selling pressure.
• The market may be reacting to concerns about the overall tech sector or broader economic conditions, leading to the bearish movement in HPE's stock.
• Investors might be cautious about the sustainability of HPE's recent performance and are adjusting their positions accordingly, leading to the downward trend in the stock price.

HPE Price Chart

HPE Technical Analysis

HPE News

HPE Trading at Low P/E Multiple: Time to Buy, Hold or Sell the Stock?

Hewlett Packard Enterprise is going through a myriad of transitions and challenges, making the stock's current market position a little volatile.

https://www.zacks.com/stock/news/2381083/hpe-trading-at-low-pe-multiple-time-to-buy-hold-or-sell-the-stock

HPE AI Servers and Cloud Strength Lead the Charge: Analysts Raise Price Forecasts - Hewlett Packard ( NYSE:HPE )

Hewlett Packard Enterprise ( HPE ) shares rose 10.8% after strong Q4 earnings, boosted by AI server demand and IT recovery trends. Analysts raised FY25 targets, citing server strength, storage momentum, and benefits from acquisitions like Juniper.

https://www.benzinga.com/24/12/42372815/analysts-see-bright-future-for-hpe-ai-servers-and-cloud-strength-lead-the-charge

These Analysts Increase Their Forecasts On Hewlett Packard Enterprise After Strong Results - Hewlett Packard ( NYSE:HPE )

Hewlett Packard Enterprise Company HPE reported better-than-expected financial results for its fourth quarter on Thursday. Hewlett Packard reported quarterly earnings of 58 cents per share which beat the analyst consensus estimate of 56 cents per share.

https://www.benzinga.com/24/12/42369478/these-analysts-increase-their-forecasts-on-hewlett-packard-enterprise-after-strong-results

HPE Q4 Earnings Beat Estimates: Will Strong Guidance Lift the Stock?

Hewlett Packard Enterprise's fiscal Q4 2024 results reflect growth in Server, Hybrid Cloud and Financial services segments with prudent cost control.

https://www.zacks.com/stock/news/2380127/hpe-q4-earnings-beat-estimates-will-strong-guidance-lift-the-stock

Hewlett Packard Enterprise, Lululemon And 3 Stocks To Watch Heading Into Friday - Genesco ( NYSE:GCO ) , BRP ( NASDAQ:DOOO )

With U.S. stock futures trading slightly lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Genesco Inc. GCO to report quarterly earnings at 22 cents per share on revenue of $572.10 million before the opening bell, according to ...

https://www.benzinga.com/news/earnings/24/12/42357187/hewlett-packard-enterprise-lululemon-and-3-stocks-to-watch-heading-into-friday

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Hewlett Packard Enterprise Company Price History

25.08.2024 - HPE Stock was up 5.7%

• HPE stock experienced a strong bullish movement after a notable upgrade and price target increase by Barclays.
• The positive sentiment towards HPE was further fueled by the overall bullish market sentiment.
• This upgrade likely instilled confidence in investors, leading to increased buying pressure and driving the stock price higher.
• The bullish movement of HPE also reflects investors' optimism about the company's future performance and growth potential in the technology sector.

10.08.2024 - HPE Stock was down 7.9%

• HPE shares traded lower after announcing a public offering of $1.35 billion of Series C mandatory convertible preferred stock, which might have increased selling pressure on the stock.
• Despite beating Q3 earnings expectations and providing strong guidance for Q4 and FY24, HPE's market movement could be influenced by broader market trends and investor sentiment.
• The negative sentiment towards tech stocks in the pre-market session, as seen with other companies like Rubrik and Verint Systems, could have spilled over to impact HPE's performance.
• Investors may be closely monitoring HPE's strategic initiatives in the enterprise division, artificial intelligence, hybrid cloud, and networking to gauge its future growth potential amidst market uncertainties.

05.08.2024 - HPE Stock was down 7.4%

• HPE reported better-than-expected Q3 results, with quarterly earnings beating analyst estimates by 6.38%.
• Despite the positive earnings report, HPE experienced a strong bearish movement, possibly due to profit-taking by investors after a recent run-up in the stock price.
• The downbeat results from another company and the overall mixed performance in U.S. stock futures may have contributed to the bearish sentiment in the market, leading to the decline in HPE's stock price.
• Investors might be reevaluating their positions in HPE compared to other value stocks like ZoomInfo Technologies (ZI), which could have also influenced the bearish movement in the stock.

05.08.2024 - HPE Stock was down 5.5%

• HPE's Q3 earnings outperformed projections, reflecting a rebound in the enterprise unit and expansion in key areas such as artificial intelligence and hybrid cloud.
• Despite the favorable earnings, HPE's stock faced downward pressure, potentially influenced by broader market trends.
• The decrease in HPE's stock value might also be tied to fluctuations in U.S. stock futures, with other companies like Verint Systems reporting weaker results, impacting market confidence overall.
• Investors may be comparing the investment potential of HPE against other stocks like ZI, resulting in some profit-taking and adjustments in HPE's stock price.

17.08.2024 - HPE Stock was up 5.6%

• HPE's CEO defending the $4 billion lawsuit against the late tech magnate Mike Lynch's estate could have instilled confidence in investors about the company's commitment to protecting shareholders' interests, potentially contributing to the bullish movement.
• The stock offering to fund the Juniper deal might have initially caused some concerns among investors, but the reassurance of HPE's attractive valuation and long-term growth prospects could have outweighed these worries, leading to the bullish market movement.
• Overall, the combination of strong leadership decisions, strategic acquisitions, and promising growth prospects could have fueled investor optimism and driven HPE's stock price higher today.

06.10.2024 - HPE Stock was up 5.6%

• The bullish movement in HPE's stock could be attributed to investors favoring its value proposition over IBM.
• The comparison between HPE and IBM may have shed light on HPE's potential for growth and value, driving investor confidence and pushing the stock price higher.
• Investors might be reassessing their portfolios and shifting towards HPE as a better value stock option, leading to increased buying activity and driving the bullish movement in the market today.

10.11.2024 - HPE Stock was down 5.6%

• Despite strong Q4 earnings and positive analyst forecasts, HPE's stock took a hit, possibly due to profit-taking after a recent surge in price.
• The company's transitions and challenges mentioned in commentary may have contributed to investor uncertainty and selling pressure.
• The market may be reacting to concerns about the overall tech sector or broader economic conditions, leading to the bearish movement in HPE's stock.
• Investors might be cautious about the sustainability of HPE's recent performance and are adjusting their positions accordingly, leading to the downward trend in the stock price.

27.10.2024 - HPE Stock was down 5.7%

• Despite HPE's partnership with RWE to enhance weather data analysis using AI technology, the stock still experienced a bearish movement.
• The market might have reacted negatively to other factors such as overall market conditions, competition, or internal company developments.
• Investors may have been expecting more immediate positive results or revenue impact from the partnership, leading to a sell-off of HPE shares.
• It's possible that market sentiment towards tech stocks in general influenced the bearish movement of HPE, regardless of the positive news about their collaboration with RWE.

06.11.2024 - HPE Stock was up 10.0%

• HPE's fourth-quarter financial results surpassed expectations, with earnings exceeding analyst predictions, likely driving the bullish trend.
• Growth in Server, Hybrid Cloud, and Financial services segments, coupled with effective cost management, also influenced investor confidence and stock performance.
• Analysts raising their forecasts post-strong results, and the stock outperforming estimates, boosted investor sentiment and market movement.
• Despite bearish indicators from high-rolling investors, as shown in options data, the positive earnings and growth outlook prevailed, overshadowing potential concerns.

06.11.2024 - HPE Stock was up 8.8%

• HPE surpassed Q4 earnings expectations, demonstrating growth in Server, Hybrid Cloud, and Financial services divisions, alongside efficient cost management.
• The better-than-expected earnings and revenues in the quarter ending in October 2024 likely supported the stock's upward trajectory.
• Despite indications of pessimism from institutional investors in HPE, individual traders seem undeterred, potentially influenced by the company's strong financial performance.
• Overall, the market sentiment toward HPE seems positive, driven by solid financial results and growth opportunities in key business areas.

06.11.2024 - HPE Stock was up 5.7%

• HPE surpassed Q4 earnings and revenue expectations, showcasing robust financial performance.
• Despite high-rolling investors being bearish on HPE, the positive earnings report potentially led to a short squeeze and subsequent uptrend.
• Analysts and investors may have adjusted their perspectives on HPE post the earnings beat, supporting the stock's upward trajectory.
• The optimistic sentiment towards HPE, influenced by the earnings surprise, likely drew in more investors and traders, driving the bullish market activity.

15.07.2024 - HPE Stock was up 5.1%

• HPE's bullish movement can be attributed to the announcement of its acquisition of Morpheus Data, showcasing its commitment to enhancing its GreenLake cloud services with advanced multicloud management capabilities.
• The anticipation surrounding HPE's upcoming earnings report, especially in comparison to its competitor Dell, might have also contributed to the positive market sentiment.
• Investors seem optimistic about HPE's strategic positioning in the hybrid cloud solutions market, as evidenced by the live audio webcast scheduled to review the company's financial results for the third quarter of fiscal 2024.