4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst

Quick Summary:

Hewlett Packard Enterprise Co.(NYSE:HPE) should perform well as it approaches Wednesday’s third-quarter earnings report for four reasons, according to an analyst: demand for artificial intelligence, recovery in infrastructure, networking equipment demand and shares trading cheaply.“The combination of the above leads us to believe that the set up for HPE shares is positive into the print with a greater likelihood of upward revision to estimates from the upcoming print,” JPMorgan analyst Samik Chatterjee wrote in a Tuesday note.

AI demand “continues to be robust,” traditional IT hardware is recovering with peers reporting sharp rise in demand for traditional servers, networking equipment demand is on the upswing and HPE’s stock is trading at an “inexpensive” multiple of 10 times earnings, the analyst said.

JPMorgan has no rating on Hewlett Packard Enterprise.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Michael Juliano

Category: Technology

Markets: United States

Topics: KNGZ FOVL Analyst Ratings DIVL FCFY AI Samik Chatterjee Artificial intelligence HPE Benzinga Expert Ideas Analyst Color Tech Markets JPMorgan Equities Top Stories FCLD Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 18:44:25 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22354033

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 37 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions