On September 25, Hewlett Packard Enterprise rose 3.14% in regular trading, trading at $64.265/share, with turnover of $734 million. The stock continued its recovery trajectory after a sharp selloff earlier this month.
The rebound follows a period of heavy selling pressure triggered by Evercore ISI's downgrade to \"In Line\" from \"Outperform\" and CEO Antonio Neri's sale of 250,000 shares at an average price of $60.44, which together drove the stock down nearly 11% to $55.41. Since that low, the stock has staged a sustained recovery as investors refocus on the company's solid fundamentals.
On the earnings front, HPE reported fiscal Q3 revenue of $12.21 billion, up 33.7% year-over-year, with adjusted EPS of $1.11, both exceeding consensus estimates. The company's AI systems backlog stands at approximately $7 billion, and its Cloud & AI segment delivered operating margins of 17%, up from 7% a year earlier. Morgan Stanley and BofA highlighted the durability of order trends into fiscal 2027, while Goldman Sachs maintained a Buy rating with a $75 price target, reinforcing the view that the post-selloff valuation offers attractive re-entry levels.
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