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Internet penetration is now 34.3% of the global population and the growing adoption of tablets and smartphones, increases the risks and potential targets for cyber crime.
The pattern began in September and has seen growth stocks punished disproportionately—with technology shares suffering some of the worst carnage. Included in that group are a number of market leaders that recently reported beats on revenue and earnings, along with raised forward guidance. Among the tech and communications-services leaders that have topped profit forecasts and boosted guidance are (NFLX) (ticker: NFLX), (PANW) (PANW), (CRM) (CRM), and (INTC) (INTC).
Of the 23 analysts covering Hewlett Packard Enterprise (HPE), seven recommend “buy,” 15 recommend “hold,” and only one recommends “sell.” Their average target price is $18.32, and their median price is $18. HPE was trading at $15.05 on December 4, a 16.4% discount to analysts’ median target.
Stocks closed Thursday in much better shape than at the open, following a wild trading session. Indexes plunged sharply at the start before paring losses.
Hewlett Packard Enterprise’s (HPE) revenue of $7.95 billion beat analysts’ estimate of $7.84 billion in the fourth quarter of fiscal 2018, and increased sequentially for a second consecutive quarter. It reported revenue of $7.76 billion in the third quarter of fiscal 2018, $7.5 billion in the second quarter, and $7.7 billion in fiscal 2018’s first quarter and fiscal 2017’s fourth quarter.
Hewlett Packard Enterprise’s (HPE) earnings have improved sequentially for the past six quarters, and have beaten analysts’ estimates in the past five quarters. Its non-GAAP EPS of $0.45 in the fourth quarter of fiscal 2018 beat analysts’ consensus estimate of $0.43. Its EPS of $0.44 in the third quarter beat analysts’ estimate of $0.37. Its EPS of $0.34 in the second quarter beat analysts’ estimate of $0.31. Its EPS of $0.34 in the first quarter beat analysts’ estimate of $0.22. Its EPS of $0.31 in the fourth quarter of fiscal 2017 beat analysts’ estimate of $0.28.
Hewlett Packard Enterprise (HPE) paid dividends worth $200 million and repurchased shares amounting to $1 billion. In fiscal 2018, the company paid dividends of $600 million in fiscal 2018, while its share repurchases stood at $3.5 billion.
The arrest of Meng, also the daughter of the founder of the Chinese telecommunications giant, could have far-reaching implications for the future of U.S.-China relations, as well as for suppliers of the company.
In this series, we’ve seen that Hewlett Packard Enterprise (HPE) increased its sales by 3.7% to $7.9 billion in the fourth quarter of fiscal 2018. Comparatively, HPE’s operating margin expanded from 9.2% to 10.1% YoY (year-over-year).
Zscaler, Inc. (ZS) first-quarter fiscal 2019 results benefit from expanding international presence and customer wins but increasing expenses remain a concern.
On December 4, Hewlett Packard Enterprise (HPE) announced its fiscal 2018 fourth-quarter results for its year that ended in October. It reported revenue of $7.9 billion, a rise of 3.7% YoY (year-over-year). Its sales rose 3% on a constant currency basis.
Hewlett Packard Enterprise's (HPE) fourth-quarter fiscal 2018 results benefit from strong growth in Intelligent Edge and Computer Value business.