Bulletin
Investor Alert

Market Pulse Archives

Oct. 15, 2020, 5:04 p.m. EDT

HPE shares rise 4% on improved fiscal 2021 outlook

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Hewlett Packard Enterprise Co. (HPE)

or Cancel Already have a watchlist? Log In

By Jon Swartz

HPE

Shares of Hewlett Packard Enterprise Co. /zigman2/quotes/201998588/composite HPE -0.18% were up 4% initially Thursday after the company announced improved fiscal 2021 financial outlook. HPE estimates non-GAAP diluted net earnings per share outlook of $1.56 to $1.76, up 10% year-over-year at the mid-point when adjusted for stock-based compensation expense. The company projects FY21 GAAP diluted net earnings per share outlook of 34 cents to 54 cents, up 77 cents year-over-year at the mid-point. "While the global pandemic is unlike any crisis we have ever faced, it has served as a catalyst, making digital transformation a strategic imperative for enterprises," HPE Chief Executive Antonio Neri said in a statement. "Enterprises need to deliver secure connectivity, remote work solutions, data analytics capabilities and mobile-first, cloud-like experiences to their employees and customers. And they need to do it with speed and flexibility, preserving liquidity to navigate the macro economic uncertainty and adapt to the new world. This is a significant opportunity for Hewlett Packard Enterprise."

/zigman2/quotes/201998588/composite
US : U.S.: NYSE
$ 11.22
-0.02 -0.18%
Volume: 5.33M
Nov. 27, 2020 5:00p
P/E Ratio
N/A
Dividend Yield
4.28%
Market Cap
$14.43 billion
Rev. per Employee
$469,188
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.