<div id="readability-page-1"><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/hewlett-packard-enterprise-co-logo-1200x675.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/hewlett-packard-enterprise-co-logo-1200x675.jpg"/>Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the consensus earnings per share estimate of $1.88. Hewlett Packard Enterprise also updated its Q3 guidance to $0.43-0.48 EPS.</p><h2>Hewlett Packard Enterprise Stock Down 1.9 %</h2><ul><li>Arista Networks Advances the Era of AI and Microperimeters </li></ul><p>Shares of NYSE:HPE traded down $0.35 on Tuesday, reaching $17.60. The company had a trading volume of 26,816,355 shares, compared to its average volume of 14,497,025. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $20.07. The firm's 50 day simple moving average is $17.55 and its 200-day simple moving average is $16.72. The firm has a market capitalization of $22.88 billion, a PE ratio of 12.26, a PEG ratio of 3.27 and a beta of 1.18. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of research firms have recently weighed in on HPE. Wells Fargo &amp; Company raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an equal weight rating in a research report on Wednesday, April 17th. Stifel Nicolaus lowered their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a buy rating for the company in a research report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Saturday, April 27th. Barclays dropped their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating on the stock in a research note on Friday, March 1st. Finally, Morgan Stanley upped their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $18.20.</p><br/><ul><li>Micron Technology Results Proves AI is Driving Storage Demand</li></ul><p><b>Check Out Our Latest Analysis on Hewlett Packard Enterprise</b></p><h2>Insider Buying and Selling</h2><p>In related news, SVP Jeremy Cox sold 18,323 shares of the company's stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares of the company's stock, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders. </p><h2>Hewlett Packard Enterprise Company Profile</h2> (Get Free Report)<ul><li>Is Hewlett Packard Enterprises Still a Cheap AI Server Play?</li></ul><p>Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC &amp; AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Hewlett Packard Enterprise</li><li>3 REITs to Buy and Hold for the Long Term</li><li>GitLab’s Weak Results Were Priced In; Time to Buy the Dip?</li><li>What is a Death Cross in Stocks?</li><li>Birkenstock Looks Like a Fit in Any Growth-Oriented Portfolio</li><li>3 Tickers Leading a Meme Stock Revival</li><li>These Are the Most Active Congressional Trades This Quarter</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Hewlett Packard Enterprise (NYSE:HPE) has updated its FY24 earnings guidance, providing EPS guidance of $1.85-1.95 compared to the consensus estimate of $1.88. The company also updated its Q3 guidance to $0.43-0.48 EPS. The stock traded down 1.9% following the news.</p>

Hewlett Packard Enterprise (NYSE:HPE) Updates FY24 Earnings Guidance