HPE Stock Dips After Earnings Miss

Hewlett Packard Enterprises stock dropped by 3.4% following Evercore ISIs removal from its Tactical Outperform list. This decision came after HPEs earnings report showed revenue of $9.679 billion, falling short of the predicted $9.901 billion. The company attributed this miss to shipping delays, government shutdown impact, and weaker storage sales. Despite a lower revenue forecast, Evercore ISI maintained its long-term Outperform rating. HPEs shares have been volatile, with 16 moves of over 5% in the past year, and are currently up 14% this year, trading near its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.