Antonio Neri To Be The New CEO of HPE

24 November, 2017, 01:42 | Author: Salvatore Jensen
  • Meg Whitman is leaving as CEO of Hewlett Packard Enterprise in February

The company's P/E (price to earnings) ratio is 76.32 and Forward P/E ratio of 11.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27. Hewlett Packard Enterprise Company has a one year low of $12.81 and a one year high of $24.88. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion.

Revenue in the fourth quarter also fell short of projections.

Meg Whitman, the CEO who led the split of Hewlitt Packard into two companies in 2015, is stepping down as president of Hewlett Packard Enterprise in February after six years of leading the technology company through its hard transition.

Neri will also need a head for business, however. Stockholders of record on Wednesday, December 13th will be paid a $0.075 dividend. Ltd. lifted its stake in Hewlett Packard Enterprise by 2.8% in the 3rd quarter. "In a statement on Tuesday, Ms. Whitman said the original HP had become 'four industry-leading companies that are each well positioned to win in their respective markets, '" Waters reports. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

A number of equities research analysts have recently commented on the company.




When it comes to the Analysis of a Stock, Price Target plays a vital role. Robert W. Baird reaffirmed a "hold" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday.

Before HP, Whitman served as chief executive of eBay Inc., a company she steered from a fledgling startup with just 30 employees into a household name beginning in 1998 until 2008. However, dealing out a shock on Tuesday, November 21, Whitman resigned from her post at HPE and will leave the firm early next year. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

With this, Whitman ends her six-year tenure at the firm, which has seen quite an upheaval under her leadership.

"The company has also sought to strengthen its remaining businesses with a handful of acquisitions, including the $1.1 billion purchase this year of Nimble Storage, a start-up and a leader in the fast-growing market for so-called flash storage", the NYT's Lohr points out. The disclosure for this sale can be found here. Insiders sold 2,920,273 shares of company stock worth $41,288,784 over the last three months. Company insiders own 0.87% of the company's stock.

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