Hewlett Packard Enterprise Co
According to Global Equities Research analyst Trip Chowdhry, Hewlett Packard’s earnings beat and forward guidance mean “nothing.”
“Investors are having a false hope for a miracle to happen in HPE, but sadly we don’t see any recovery in the business,” Chowdhry explained.
He pointed out that the turnaround efforts of Hewlett Packard’s current management have been underway for five years, and the company has made very little progress.
“HPE has zero chance of even remaining relevant in the era of SuperClouds,” Chowdhry concluded.
So far in 2016, shares have surged 52.3 percent, outpacing both Amazon (+14.5 percent) and Microsoft (+8.9 percent).
|Nov 2016||Raymond James||Upgrades||Market Perform||Outperform|
|Oct 2016||CLSA||Initiates Coverage On||Underperform|
|Sep 2016||Wells Fargo||Downgrades||Outperform||Market Perform|
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