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Hewlett Packard Enterprise (HPE) shares surged Tuesday after Bank of America upgraded the stock, saying the tech firm has "many catalysts ahead," including benefits from need for more artificial intelligence (AI) products.

Shares of Hewlett Packard Enterprise Co HPE climbed in early trading on Tuesday, along with some other stocks.

Hewlett Packard Enterprise announced a series of moves Thursday to raise the financing for its $14 billion acquisition of Juniper Networks Inc., including a new revolving-credit facility and a seven-part bond deal.

HPE's attractive valuation and long-term growth prospects make it worth holding in spite of concerns regarding earnings dilution.

HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise Company (NYSE: HPE) (“HPE”) today announced the pricing of its previously announced public offering (the “Offering”) of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock of HPE (“Preferred Stock”), in an underwritten registered public offering, at a price to the public and a liquidation preference of $50.00 per share of Preferred Stock. In addition, HPE granted to the underwriters in the Offering a 30-day opt.

Hewlett Packard Enterprise (HPE) shares suffered the steepest daily loss of any stock in the S&P 500 on Tuesday, plunging more than 7% after the provider of enterprise technology solutions announced a $1.5 billion convertible stock offering.

Hewlett Packard Enterprise Company (NYSE:HPE ) Goldman Sachs Communacopia + Technology Conference September 10, 2024 1:10 PM ET Company Participants Antonio Neri - Chief Executive Officer Conference Call Participants Mike Ng - Goldman Sachs Mike Ng Great. Well, thank you, everybody.

Hewlett Packard Enterprises shares slid after the company announced an offering for $1.35 billion of preferred shares to help pay for the acquisition of Juniper Networks.

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Shares of Hewlett Packard Enterprise dropped in postmarket trading after the company said it has commenced a public offering of $1.35 billion of Series C mandatory company convertible preferred stock.

Hewlett Packard Enterprise's shares dropped 6.4% in extended trading after the AI server maker announced a $1.35 billion mandatory convertible preferred stock offering to fund its acquisition of Juniper Networks.

Explore how Hewlett Packard Enterprise's (HPE) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

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Hewlett Packard Enterprise Company (NYSE:HPE ) Citi 2024 Global TMT Conference Call September 5, 2024 2:10 PM ET Company Participants Marie Myers - Executive Vice President and Chief Financial Officer Conference Call Participants Jonathen Zauderer - Citi Jonathen Zauderer Thanks, everyone. Wow, it just got louder.

Hewlett Packard Enterprises NYSE: HPE is an attractive, high-yield play for blue-chip investors seeking exposure to AI because of its position in the enterprise industry, cash flow, and capital return. Its enterprise-quality networking and server products are critical for many businesses and are gaining traction with AI, as seen in the Q3 results and guidance.

Hewlett Packard Enterprise will continue with its efforts to recover damages connected to a civil case against the late British tech entrepreneur Mike Lynch and another individual.

Hewlett Packard Enterprise's Q3 results show the benefits of recovery in enterprise division and growth in artificial intelligence, hybrid cloud and networking.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Hewlett Packard Enterprise Co (NYSE:HPE) stock is 7.3% lower to trade at $17.51 this morning, on track for its worst single-session decline since January.