7:20 a.m. July 13, 2020
- By Emily Bary
Hewlett Packard Enterprise to acquire Silver Peak for $925 millionHewlett Packard Enterprise Inc. announced Monday morning that it plans to acquire connectivity company Silver Peak for $925 million. Silver Peak makes SD-WAN (Software-Defined Wide Area Network) offerings, which HPE views as complementary to the company's own Aruba Edge Service Platform (ESP) offerings. HPE intends to combine Silver Peak with the Aruba business unit, which it says will "extend Aruba's technology leadership in the large and fast-growing SD-WAN space." Wells Fargo's Aaron Rakers wrote in a note to clients that he "positively appreciate[s] the strategic synergies of the acquisition" but that investors "will likely consider this a net neutral acquisition given an expectation of a net-neutral non GAAP EPS expectation through F2022." HPE shares are up 0.7% in Monday trading, though they've fallen 10% over the past three months as the S&P 500 has climbed 16%.
2:51 a.m. May 18, 2020
- By Emily Bary
Alibaba, Walmart and Target are about to show retailers’ view of the pandemic Earnings Watch: Walmart and Target will show early effect of pandemic on U.S. retail, but don’t expect forecastsU.S. retail companies will be eagerly watching Alibaba Group Holding Ltd.’s Friday morning report, when the Chinese e-commerce giant will show what it was like to operate in the heart of the COVID-19 outbreak and emerge on the other side.
9:45 a.m. May 16, 2020
- By Philip van Doorn
Wall Street sees plenty of upside for these downtrodden tech stocks Shares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this yearShares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this year.