HPE Q3 Revenue Jumps 30% to $11.96B, Deutsche Bank Starts at Buy
HPE has more than doubled off its 52-week low of $19.84.
Summary
HPE reported Q3 revenue of ~$11.96B, up 30% YoY, with adjusted EPS of $0.93. The company is expanding AI infrastructure and launched next-gen Saudi-made servers for sovereign AI and local data centers. Deutsche Bank initiated coverage with a Buy rating and $62 price target. This follows the after-hours 4% jump reported earlier today on Dell's strong AI results and HPE's Saudi AI partnerships. The specific financials and new analyst coverage add material detail to the prior report.
At the time of this announcement, HPE was trading at $52.90 on NYSE in the Technology sector, with a market capitalization of approximately $67.4B. The 52-week trading range was $19.84 to $64.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.