HPE Faces Downbeat Outlook

10 days ago

Carol Messer along with David Guru

"Yeah, very different story but pretty bad day for HP. It fell 10% today. The ticker is HPE. The company gave an outlook for profit and cash flow for its upcoming fiscal year that was way below what analysts were expecting. For example, the earnings number is $2.20 to $2.40 while the street was expecting way higher. The free cash flow number missed by a really big margin."

The segment details a disappointing performance by HPE, noting a 10% drop in its stock following an outlook that missed analyst expectations by a considerable margin. Despite some potential relief from its networking business following its acquisition of Juniper Networks, the negative sentiment dominates, creating a bearish view of HPE in the near term.

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