Hewlett Packard Enterprise NYSE: HPE now finds itself in a precarious situation. The firm will deal with something that many executives dread: activist investors.
Hewlett Packard Enterprise (HPE) is in focus after reports that activist investor Elliott Management built a $1.5 billion stake in the company. Epistrophy Capital Research chief market strategist and host of the Drill Down Podcast Cory Johnson joins Market Domination host Josh Lipton and ProShares global investment strategist Simeon Hyman to discuss HPE's positioning and how the legacy computer company competes in the artificial intelligence (AI) era.
Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) shares were up nearly 4.3% on Tuesday afternoon after it attracted a more than $1.5 billion investment from activist hedge fund Elliott Investment Management. The move follows a tough stretch for HPE, whose stock has fallen over 30% in the past year.
Communication Equipment Industry | Technology Sector | Mr. Antonio Fabio Neri CEO | XMIL Exchange | US42824C1099 ISIN |
United States Country | 62,000 Employees | - Last Dividend | 1 Sep 2017 Last Split | 19 Oct 2015 IPO Date |
Hewlett Packard Enterprise Company (HPE) is a global technology leader that focuses on developing intelligent solutions to empower customers in capturing, analyzing, and acting upon data across various regions including the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan. Its operations are spread across six key segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other. Founded in 1939 and headquartered in Spring, Texas, HPE supports a vast range of industries by offering cutting-edge products and services that cater to both commercial and large enterprise groups. Through a comprehensive network of partners, such as resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms, HPE reaches a wide customer base, providing them with innovative IT solutions.
General Purpose and Workload-Optimized Servers: Includes HPE ProLiant rack and tower servers, HPE Synergy, and offering solutions for multi-workload computing.
Storage Products: Comprising HPE Alletra, HPE GreenLake, Zerto, HPE InfoSight, and HPE CloudPhysics products, these storage solutions are designed for optimal data management and security.
High Performance Computing (HPC) & Artificial Intelligence: Features HPE Cray EX, HPE Cray XD, and products that support intense computing requirements and AI solutions.
Intelligent Edge: Includes HPE Aruba hardware products such as Wi-Fi access points, switches, and gateways, along with software and services for network management and security, bringing intelligence to the edge.
Financial Services: Offers leasing, financing, IT consumption, utility programs, and asset management services to facilitate the acquisition of comprehensive IT solutions.
Professional and Support Services: Provides a broad range of services including consultative-led offerings, aimed at enhancing the deployment and efficiency of IT solutions.
Software Solutions: Features the HPE Ezmeral Container Platform, HPE Ezmeral Software Container Platform, HPE Ezmeral Software Data Fabric, and OpsRamp, supporting the modernization and management of applications in various environments.
Hewlett Packard Labs: Focused on delivering breakthrough technologies and pioneering research to address some of the most complex challenges facing HPE's customers.