Where Will Hewlett Packard Enterprise Stock Be in 1 Year?
HPEHPE(HPE) The Motley Fool·2024-06-10 00:30

The blue chip tech giant has finally passed its cyclical trough. Hewlett Packard Enterprise's (HPE 2.25%) stock surged 11% on June 5 after it posted its latest earnings report. For the second quarter of fiscal 2024, which ended on April 30, the enterprise hardware, software, and consulting company's revenue rose 3% year over year to 7.2billionandexceededanalystsestimatesby7.2 billion and exceeded analysts' estimates by 370 million. Its adjusted earnings per share (EPS) fell 19% to 0.42butstillclearedtheconsensusforecastby0.42 but still cleared the consensus forecast by 0.03. Those g ...