Hewlett Packard Enterprise Surges After Impressive Q4 Results
Company Sees Strong Market Performance Amid Robust Financial Gains
Spring, Texas-based Hewlett Packard Enterprise Company (HPE) is a global edge-to-cloud company. It helps customers capture, analyze, and act on data seamlessly around the world. With a market cap of $28.4 billion, HPE operates across various segments, including Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
Set apart by its market cap exceeding $10 billion, HPE is considered a “large-cap stock.” This classification highlights its significant size and influence in the technology sector, allowing it to serve customers in more than 170 countries worldwide.
Recently, Hewlett Packard Enterprise reached an all-time high of $24.24 on December 6. It is currently trading 11.1% below that peak. Over the past three months, HPE has risen 18.4%, significantly surpassing the Dow Jones Industrial Average’s ($DOWI) 4.4% gain during the same period.
Over the longer term, Hewlett’s performance is even more striking. HPE has gained 26.9% year-to-date and 28.8% over the past 52 weeks, outpacing DOWI’s 15.3% gain in 2024 and 16.5% return over the past year.
Supporting this strong performance, HPE stock has consistently traded above its 200-day and 50-day moving averages since mid-September.
Hewlett Packard Enterprise experienced a significant stock price increase of 10.6% in the trading session following the release of its impressive Q4 results on December 5. The company achieved record quarterly revenues, with net revenues rising 15.1% year-over-year to $8.5 billion, outperforming Wall Street’s expectations by 2.8%.
Further demonstrating its strength, HPE reported solid earnings and cash flow. Its adjusted net earnings soared 16.9% year-over-year to $795 million, while its adjusted EPS of $0.53 exceeded analysts’ estimates by 10.4%. This resulted in boosted investor confidence.
HPE has also outperformed its peer Cisco Systems, Inc. (CSCO), which recorded gains of 15.8% year-to-date and 17.4% over the past year.
Among the 16 analysts covering HPE, the consensus rating stands at “Moderate Buy.” The average price target of $23.80 suggests a 10.5% premium to current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
