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Actionable news in HPE: HEWLETT PACKARD ENTERPRISE COMPANY,

Hewlett Packard Enterprise Shares Could Benefit From Lowered Expectations

Meg Whitman will tell investors after-hours on Tuesday how Hewlett Packard Enterprise (HPE) has fared against headwinds that have ruffled rival enterprise IT groups such as EMC (EMC) , IBM (IBM) , Brocade (BRCD) , Juniper (JNPR) and even some units of Cisco (CSCO) .

Wall Street expects the company to generate 42 cents per share in its second fiscal quarter, on $12.4 billion in revenues.

Investors want an indication that Hewlett Packard Enterprise, which split with consumer-focused PC and printer maker HP (HPQ) last November, is making progress on a turnaround. IT enterprise earnings reports so far have been soft. While that indicates a challenging market, it also lowers the bar.

"If I look at Cisco, EMC and Brocade, the same trend appears," said Morningstar analyst Ilya Kundozerov. Cisco, which had a strong quarter overall, had declines in switching and routing. EMC, which is merging with Dell and may face organizational distractions, saw declines, as did Brocade and Juniper. "It was a weak quarter for enterprise infrastructure," he said.

Cisco is a holding in Jim Cramer's Action Alerts...


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