HP Enterprise Serves Up Higher EPS and Better Short-Term Outlook; FVE Raised to $19.50
HP Enterprise continued its earnings beating streak with its third-quarter results that significantly increased earnings per share for fiscal 2018, based on a better pricing environment and improved profitability. While we still believe this no-moat company has a negative trend in the long run, we are raising our fair value estimate to $19.50 from $18.50 based on an improved earnings outlook, as we believe HP Enterprise will succeed in its shift to its more profitable Edge offerings.Third-quart...
Hewlett Packard Enterprise is a technology company. The company's segments are: Hybrid IT, which provides a portfolio of infrastructure and solutions including servers, storage, and HPE Pointnext services; Intelligent Edge, which is comprised of cloud solutions that include wireless local area network, campus and data center switching, software-defined wide-area-networking, security, and associated services to enable secure connectivity; Financial Services, which provides investment solutions for customers that facilitate technology deployment models; and Corporate Investments, which includes Communications and Media Solutions, Hewlett Packard Labs and certain business incubation projects.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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