|Bid||9.23 x 21500|
|Ask||9.21 x 29200|
|Day's Range||9.03 - 9.66|
|52 Week Range||7.43 - 17.59|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||10.28|
|Earnings Date||May 21, 2020|
|Forward Dividend & Yield||0.48 (4.67%)|
|Ex-Dividend Date||Jun. 09, 2020|
|1y Target Est||12.29|
As students across the globe continue their education online amid the coronavirus pandemic, HP is bridging the digital divide by providing technology to less fortunate educators and students. Michele Malejki, HP Global Head of Social Impact Programs, joins Yahoo Finance to share more.
Shares of Hewlett Packard Enterprise (NYSE: HPE) slumped on Friday after the company reported fiscal second-quarter results that missed the mark and announced plans to slash costs over the next three years. HPE reported second-quarter revenue of $6.0 billion, down 16% year over year and $280 million below the average analyst estimate. Revenue in the computer segment, HPE's largest, was down 19% to $2.6 billion.
(Bloomberg) -- Hewlett Packard Enterprise Co. reported declining sales and announced it would cut jobs and reduce executive pay, saying the coronavirus pandemic has disrupted supply chains for data-center hardware.Revenue fell 16% to $6 billion in the period ended April 30, the San Jose, California-based company said Thursday in a statement. Analysts, on average, expected $6.19 billion, according to data compiled by Bloomberg. Profit, excluding some items, was 22 cents a share, compared with an average estimate of 28 cents.The company said it was putting in place a plan to cut costs, with a goal of $1 billion in savings by the end of fiscal 2022. Measures will including simplifying its product portfolio and supply chain as well as changing customer support, marketing efforts and real estate strategies, HPE said in the statement.“It definitely was a tough quarter by every measure and I’m disappointed in the performance, but I don’t see this as an indication of our capabilities,” Chief Executive Officer Antonio Neri said in an interview. “This was clearly driven by supply chain disruptions because of coronavirus,” including a shortage of chip components from China, disrupted logistics and social-distancing guidelines in some regions.Neri said he expected HPE’s sales to “recover sequentially,” with the third quarter posting better results than the second and the fourth improving further. Still, he said, it’s unknown just how bad the economic downturn will be.The company withdrew its annual profit forecast last month, citing uncertainty from the Covid-19 pandemic, which has forced millions of people to stay home to prevent the spread of the virus.HPE shares dropped about 5% in extended trading after closing at $10.36 in New York. The stock has dropped 35% this year.Neri has struggled to spark sales growth at the computing and networking company, which has seen year-over-year revenue declines in all but one quarter since the company split from HP Inc. in 2015. Competing with larger hardware rival Dell Technologies Inc. and dominant cloud-computing companies such as Amazon.com Inc. and Microsoft Corp., HPE has hitched its future to edge computing, which distributes data-processing capacity closer to customers rather than at centralized data centers. More immediately, the company has sought to support sales by offering $2 billion of financing for clients trying to preserve cash in the pandemic.Under the company’s three-year plan to reduce expenses, senior executives including Neri will take 20% to 25% cuts to their base salaries and the board reduced each director’s cash retainer by 25% from July to the end of the fiscal year. The hardware maker will consolidate offices where possible, Neri said. He expects more than half of HPE’s employees won’t return to the office full time, instead dropping in for meetings and collaboration when necessary.The number of employees who may lose their jobs under the cost-cutting plan hasn’t been determined, Neri said. The company will spend the next few months working out the details and evaluating how much it can save in other areas. HPE has already instituted some temporary pay cuts and has frozen employee raises and promotions, executives said on a conference call after the results were announced.In the fiscal second quarter, revenue declined in all of HPE’s business segments. Server sales dropped 20% to $2.64 billion and storage hardware fell 18%. Neri said the company saw “steady” demand from large enterprises while small and mid-sized businesses struggled. HPE wasn’t able to produce as much data-center hardware as clients were ordering, he said.HPE’s integration of supercomputer maker Cray is on track and should yield synergies by 2021, executives said on the call.(Updates with additional details starting in ninth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Chief Executive Officer Antonio Neri flagged concerns about cautious consumers and supply constraints during a post-earnings call. Beginning July 1, through the remainder of fiscal year 2020, the base salaries of the CEO and officers at the executive vice president level will be reduced by 25%, HPE said. HPE will now focus on investments and realign its workforce to evolve with its supply chain and real estate strategies, as well as right-size the business.
NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Hewlett-Packard Enterprise Co. (NYSE:HPE) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on May 21, 2020 at 5:00 ...
HP Enterprise (HPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The integration of Aruba ClearPass Policy Manager with Microsoft endpoint protection platforms give enterprises greater protection from cyberattacks.
Hewlett Packard Enterprise (HPE) today announced that the enhanced HPE SimpliVity 325 Gen 10 hyperconverged infrastructure solution (HCI) with the new 2nd Gen AMD EPYC™ processor, doubles the virtual desktops supported per server to provide businesses a 50% lower cost per remote worker1. In addition, HPE Nimble Storage dHCI, a disaggregated HCI platform released last year, is now available through HPE GreenLake, enabling virtual desktop infrastructure (VDI) and virtual machines as-a-service with a pay as you go model. Advancements to Nimble Storage dHCI also include increased scale and support for expanded HPE ProLiant server models with the new 2nd Gen AMD EPYC™ processor, helping customers use VDI for unpredictable workloads, large scale environments, and performance intensive desktop users.
Hewlett Packard Enterprise to Present Live Audio Webcast of Second Quarter Earnings Conference Call
Hewlett Packard Enterprise (HPE) today announced that HPE GreenLake Central, unveiled in December 2019, is now generally available for HPE GreenLake customers. This advanced software platform provides customers with a consistent cloud experience for all their applications and data, through an online operations console that runs, manages and optimizes their entire hybrid cloud estate. In addition, HPE is introducing enhancements to its as-a-Service portfolio with support for data management and file storage, and an enhanced co-location offering through partnerships with Cohesity, Qumulo, and CyrusOne, respectively.
Hewlett Packard Enterprise (HPE) today announced dedicated relief initiatives for partners in support of business continuity in the wake of COVID-19.
Today we'll look at Hewlett Packard Enterprise Company (NYSE:HPE) and reflect on its potential as an investment...
Hewlett Packard Enterprise announced today that HPE Financial Services (HPEFS) is designating more than $2 billion in financing specifically to help customers with their financial challenges stemming from the COVID-19 crisis, including cash-flow or liquidity issues. HPE Financial Services is also introducing initiatives including a Payment Relief Program to help customers acquire new technology and alleviate some of the financial strain as they navigate this uncertain climate.
HP Enterprise (HPE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hewlett Packard's (HPE) Open Distributed Infrastructure Management program in collaboration with Intel aims to improve the management of geographically distributed physical infrastructure deployments.
HPE and Industry Partners Simplify 5G Rollout with Open, Vendor-Neutral Software to Manage IT Infrastructure Deployments
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Hewlett Packard Enterprise to Present Live Webcast of the Goldman Sachs Fireside Chat with the President of the Intelligent Edge Business