Opinions
Michael Sprung
Hewlett Packard Enterprise Co.
HPE-N
DON'T BUY
May 01, 2019
Stock price when the opinion was issued
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He sees good value in this. Generally sees good value in tech. May not be everyone’s pick as emphasis is on services side and software. With the pull back over the last few weeks, it is not a bad entry point. A move into this name now should be considered a short term trade. It is not a long term hold.
With a P/E at 9.7x we would not say it is too late to buy HPE but the recent quarterly results did miss revenue forecasts which were slight cause for concern. On the otherhand, shares are trading at an all-time high so while the news is promising and it is cheap on an earnings basis we understand the concern. We would not expect too much growth out of HPE even with this news as it is more of a value investment that offers a decent yield of 2.85%.
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The Hewlett Packard Enterprise Company is an American multinational information technology company. It is a business-focused organization which works in servers, storage, networking, containerization software and consulting and support. Additionally, the company invests in communications and media solutions. Social media mentions are up 130% in the past 24h.