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Hewlett Packard Enterprise's investor day this week was a resounding success as far as Wall Street is concerned. That much is evident by the stats on the company's stock this week.
) investor day this week was a resounding success as far as Wall Street is concerned. That much is evident by the stats on the company's stock this week.
It hit back-to-back record highs on Wednesday and Thursday, and shares were on track to eclipse those highs on Friday. The stock climbed roughly 8% on Friday amid a positive reaction to the company's investor day on Wednesday, a litany of Wall Street analyst upgrades and price target increases, and broader gains in the tech sector.
Ahead of Wednesday's investor day, HPE announced it had secured a $1.2 billion order from Vultr, a privately held cloud infrastructure company, to deploy"We unveiled our switch on the floor and, as I think our general manager of our data center business, Praveen Jain, said, it was literally a work of art," Hewlett Packard Enterprise CFO Marie Myerson Wednesday.
"1,700 copper cables all packed into this massive switch, and we actually increased our revenue guide for '27 and '28. So we're really seeing the power of this portfolio coming together, and it's a super exciting day.
"HPE also projected Data Center Networking revenue to grow in the low- to mid-50% range annually through fiscal year 2029. Networking segment operating margins are forecast in the mid- to high-20% range.
"Demand is continuing to outpace supply. It's no doubt that we continue to be in a supply-constrained environment," Myers said.
"So certainly the tailwinds that we see around AI aren't changing anytime soon. " Wall Street cheered the upbeat outlook and AMD Helios order, with analysts from Evercore ISI, Morgan Stanley, Citigroup, Truist, and UBS all raising their price targets on the stock.
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