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Hewlett Packard Enterprise Co - Stock Quote HPE

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Morningstar's Hewlett Packard Enterprise Co Stock Analysis

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HPE’s Cloud Transition Continues as Order Backlog Piles Up; Maintaining $14 FVE

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

We are maintaining our $14 fair value estimate for no-moat Hewlett Packard Enterprise, or HPE, after the company reported decent first-quarter earnings. While revenue landed slightly short of our expectations, HPE’s adjusted earnings surpassed expectations, largely attributed to the mix shift towards higher margin software products. HPE continues to emphasize its goal to achieve recurring revenue from its as-a-service model exemplified by annualized revenue run-rate growing 23% year over year and record demand for as-a-service offerings with orders up 136% year over year. HPE continues to face revenue headwinds from industrywide supply chain issues yet remains confident in its fiscal year revenue outlook due to a growing order backlog indicating strong demand for its products.

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Hewlett Packard Enterprise Co's Company Profile

Business Description

Hewlett Packard Enterprise is a supplier of IT infrastructure products and services. The company operates as three major segments. Its hybrid IT division primarily sells computer servers, storage arrays, and Pointnext technical services. The intelligent edge group sells Aruba networking products and services. HPE's financial services division offers financing and leasing plans for customers. The Palo Alto, California-based company sells on a global scale and has approximately 66,000 employees.

11445 Compaq Center West Drive
Houston, TX, 77070
T +1 650 687-5817
Sector Technology
Industry Communication Equipment
Most Recent Earnings Jan 31, 2022
Fiscal Year End Oct 31, 2022
Stock Type Cyclical
Employees 60,400

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