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Hewlett Packard Trends Bullish Ahead Of Q2 Earnings: AI Servers, High Margin Offerings To Drive Growth
Hewlett Packard Enterprise Co (NYSE:HPE) will report second-quarter earnings after hours on Tuesday, June 4.
Wall Street expects 39 cents in EPS and $6.83 billion in revenues.
The stock is up 19.51% over the past year, 5.71% year-to-date. Hewlett Packard, or HP, is poised to benefit from the increasing demand for artificial intelligence (AI).
HP is also diversifying its business through investments in networking capabilities. For example, the company’s acquisition of Juniper Networks and focus on AI-optimized servers and high-margin offerings are driving growth.
The introduction of HPE Aruba Networking Enterprise Private 5G is expected to enhance its offerings in the private cellular network market.
However, economic concerns may impact near-term prospects for the company. Let’s look at how the stock currently maps against Wall Street estimates.
Chart: Moderately Bullish With Slight Buying ...