Why Hewlett Packard Enterprise (HPE) Stock Is Trading Lower
Portfolio Pulse from Erica Kollmann
Hewlett Packard Enterprise (HPE) stock is trading lower after reporting mixed earnings and issuing Q3 guidance below estimates. HPE reported earnings of $6.97 billion, below estimates of $7.31 billion, and EPS of 52 cents beating estimates of 48 cents. Analysts from Barclays, Credit Suisse, and Deutsche Bank have lowered their price targets.
May 31, 2023 | 6:32 pm
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Hewlett Packard Enterprise's stock is trading lower due to mixed earnings and lower Q3 guidance. Analysts have cut their price targets.
HPE reported lower-than-expected earnings and issued Q3 guidance below estimates, which has led to a decline in the stock price. Additionally, analysts from Barclays, Credit Suisse, and Deutsche Bank have lowered their price targets, further impacting the stock negatively.
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