Stock in Focus: Hewlett Packard Enterprise Company (HPE)

Company Profile:

Hewlett Packard Enterprise Company is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. HPE enables customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. Hewlett Packard Enterprise Company was founded in 1939 and is headquartered in Palo Alto, California.

Recent News:

On February 25, 2019, Hewlett Packard Enterprise (HPE) and the technology company Continental announced a new platform, expected to be available in 2019, for sharing vehicle data to enable new digital services that improve driver safety and convenience. At the same time, the platform will help car manufacturers monetize their data and differentiate their brands.

For its fiscal 2019 first quarter, ended January 31, 2019, the company reported net revenue of $7.6 billion, up 1% from the prior-year period. First quarter non-GAAP diluted net EPS from continuing operations was $0.42, up from non-GAAP diluted net EPS from continuing operations of $0.32 in the prior-year period.

For the fiscal 2019 second quarter, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.19 to $0.23 and non-GAAP diluted net EPS to be in the range of $0.34 to $0.38.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HPE’s strengths can be seen in its strong growth, better profitability, better solvency and better efficiency compared with its peers. Its revenue and net income have increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the MACD is trying to cross back up and the RSI stands at 54.58 with positive bias. We rate Hewlett Packard Enterprise Company (HPE) a STRONG BUY.

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