Hewlett Packard Enterprise Co Stock Price, News & Analysis

Hewlett Packard Enterprise (NYSE: HPE) has appointed Regina E. Dugan to its Board of Directors, effective immediately. Dugan, the current president and CEO of Wellcome Leap, brings 30 years of experience in advanced technology and leadership. Previously, she directed the U.S. Defense Advanced Research Projects Agency (DARPA) and held leadership roles at tech giants such as Facebook and Google. Her expertise in cybersecurity, cloud, and artificial intelligence is expected to enhance HPE's innovation in edge-to-cloud solutions.

Hewlett Packard Enterprise (NYSE: HPE) has announced that over 250 educational institutions are upgrading to Wi-Fi 6E for enhanced digital learning environments. This upgrade supports increased device connectivity and bandwidth for applications like AR/VR and high-definition video. Since Aruba introduced Wi-Fi 6E solutions in May 2021, they have captured over 35% of the enterprise AP market. Institutions like Texas A&M and Doane University view this technology as essential for future-proofing their networks and improving educational outcomes.

Hewlett Packard Enterprise (HPE) reported Q3 2022 results with revenue of $7.0 billion, reflecting a 1% increase year-over-year, and a 4% increase when adjusted for currency. Gross margins remained stable at 34.5% GAAP and improved sequentially. Net earnings per share were $0.31 GAAP and $0.48 non-GAAP, up 7% and 2% respectively. Free cash flow was $587 million, with capital returns of $353 million to shareholders. HPE maintains a fiscal 2022 revenue growth outlook of 3-4% adjusted for currency, despite challenges from inflation and supply constraints.

Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), announced that its Aruba EdgeConnect Enterprise SD-WAN platform is the first to receive the ICSA Labs Secure SD-WAN Certification. This certification validates the platform's robust security and functionality, allowing enterprises to replace outdated branch firewalls while maintaining high security standards. EdgeConnect offers comprehensive security features including next-generation firewalls and DDoS detection, supporting enterprises in their shift to cloud applications and IoT device management.

Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), announced that its EdgeConnect Enterprise SD-WAN platform has achieved ICSA Labs Secure SD-WAN Certification, making it the first complete SD-WAN solution to earn this recognition. This certification validates the platform's security features including next-generation firewall, IDS/IPS, and DDoS protection, effectively replacing traditional branch firewalls. The updated EdgeConnect enhances security for corporate networks while facilitating cloud application migration, addressing complex security challenges posed by IoT devices.

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Hewlett Packard Enterprise (NYSE: HPE) will host a live audio webcast on August 30, 2022, at 4:00 p.m. CT to discuss its financial results for Q3 fiscal 2022, which ended on July 31, 2022. Investors can listen to the webcast at www.hpe.com/investor/2022Q3Webcast, with a replay available for approximately one year post-call. HPE provides cutting-edge technology solutions across Cloud Services, Computing, AI, and more, helping organizations leverage their data efficiently.

Hewlett Packard Enterprise (NYSE: HPE) announced that Virgin Voyages is implementing the Aruba ESP (Edge Services Platform) to enhance onboard experiences across its fleet of cruise ships. The deployment aims to provide seamless connectivity, enabling features like mobile ticketing and virtual queuing, ultimately improving passenger service. Virgin Voyages, which caters to adult travelers, integrates technology to streamline service and reduce wait times. The network supports around 15,000 devices, ensuring high-quality service.