HPE rises on $1.2 billion Vultr deal, guidance raise
30/09/2026 13:16
BUZZ-HPE rises on $1.2 billion Vultr deal, guidance raise ** Shares of AI server maker Hewlett Packard Enterprise HPE.N rise 4.9% to $64.5 premarket
** HPE announced a $1.2 billion order from Vultr to deploy AMD Helios AI Rack by HPE systems at Vultr's US cloud data centers
** HPE is raising its FY27 Networking segment revenue growth outlook to between high teens and low-20s %
** Co expects $800 mln in annual run-rate savings by the end of fiscal 2028 related to its acquisition of Juniper Networks, up from its previously announced target of at least $600 mln
** Up to last close, stock had more than doubled YTD
(Reporting by Harshita Mary Varghese in Bengaluru)
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