PREVIEW: Hewlett Packard Enterprise shares up 2%; results due after the bell

Juniper Networks

03/06/2025 17:48

** Shares of Hewlett Packard Enterprise HPE.N are up ~2% in midday trading Tues, with the AI server maker expected to report an increase in qtrly rev when it reports results after the closing bell

** Q2 rev for HPE is seen increasing to $7.446 bln from $7.204 bln a yr ago, while the co is expected to report EPS of 32c/shr vs 42c a yr ago, according to LSEG

** The co has beaten or met analyst earnings expectations in all of the past eight reporting periods, per LSEG

** Analyst recommendations on the stock include eight "strong buy" or "buy" ratings and seven "hold" ratings

** Evercore last month upgraded HPE to 'outperform' from 'in line,' saying current risk/reward is attractive for investors that have the duration, outlining several scenarios for potential upside

** Earlier this yr, the DOJ sued to block HPE's deal to acquire Juniper Networks JNPR.N

** The median 12-mo price target on HPE is $20.00, up from $17 a month ago​; the stock was last at $17.63

** Including the session move, the stock is down about 17% YTD compared with a roughly 1% gain in the S&P 500 .SPX in that period​​​

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))