1036 ET - Hewlett Packard Enterprise's guidance is particularly disappointing in light of revenue growth amid a recovery in the intelligent edge business, which focuses on analysis of data at the site where it's generated, and traditional/AI server growth, say BofA Securities analysts in a research note. A new cost-cutting initiative despite revenue growth also signals a much worse competitive pricing environment, which the analysts say they view as structurally bearish. However, the analysts also say that even with the weak signals for 2025, they view shares at 7x C26 EPS, "as too cheap to turn structurally negative." (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
March 07, 2025 10:37 ET (15:37 GMT)
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