Hewlett Packard Enterprise Co Stock Price, News & Analysis

TOYOTA INDUSTRIES IT SOLUTIONS, a subsidiary of Toyota Industries , has chosen HPE Aruba Networking to transform its network infrastructure. The solution, featuring Zero Trust security, enables employees to securely access the company's network remotely, improving work-life balance. HPE Aruba Networking's solution includes:

• ClearPass for authentication infrastructure
• Central, a cloud-based AIOps solution for AI-powered analytics
• End-to-end automation and orchestration
• Advanced security for unifying and mobilizing the workforce

The implementation supports secure, unrestricted telework and enhances network management with intuitive visualizations, workflow automation, and edge-to-cloud security from a single dashboard.

Hewlett Packard Enterprise (HPE) announced that Barclays has signed a new private cloud services deal, extending their initial 2021 partnership. HPE GreenLake Cloud will remain a core component of Barclays' hybrid cloud strategy. Over the past 2.5 years, HPE has helped Barclays migrate over 50,000 workloads to their private cloud, with plans to double this in the next three years.

This transition will enable Barclays to decommission legacy systems, free up rack space, and save several MWs of power. The bank aims to reduce technical debt, enhance infrastructure, and increase workload density. Barclays and HPE will focus on exploring innovation opportunities, particularly in leveraging data and emerging technologies, including AI tools for improved customer convenience.

Hewlett Packard Enterprise (NYSE: HPE) has priced its public offering of $1.35 billion in Series C Mandatory Convertible Preferred Stock at $50 per share. The offering includes a 30-day option for underwriters to purchase an additional $150 million in shares. Net proceeds are estimated at $1.32 billion, potentially rising to $1.46 billion if the over-allotment option is exercised. HPE plans to use the funds primarily for its pending acquisition of Juniper Networks. The preferred stock will automatically convert to common stock on September 1, 2027, with a conversion rate between 2.5352 and 3.1056 shares of common stock per preferred share. The stock offers a 7.625% annual dividend rate, payable quarterly starting December 1, 2024.

Hewlett Packard Enterprise (NYSE: HPE) has announced a proposed public offering of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock, with an additional $150 million (3 million shares) option for underwriters. The offering aims to fund the pending acquisition of Juniper Networks and related expenses. Each preferred stock share will have a $50 liquidation preference and automatically convert to common stock around September 1, 2027. HPE plans to list the preferred stock on the NYSE under the symbol 'HPEPrC'. Citigroup, J.P. Morgan, and Mizuho will act as joint book-running managers for the offering.

Hewlett Packard Enterprise (NYSE: HPE) has launched HPE Private Cloud AI, a turnkey solution for businesses to deploy generative AI applications. The platform features solution accelerators that enable one-click deployment of virtual assistants, significantly reducing implementation time. The first accelerator, available now, helps developers quickly build interactive chatbots using private data and open-source large language models.

HPE is also introducing the Unleash AI partner program to support a rich ecosystem of partners, including software providers, system integrators, and service providers. This program aims to accelerate time-to-value for AI use cases and complements the NVIDIA AI Computing by HPE portfolio.

Hewlett Packard Enterprise (NYSE: HPE) reported strong Q3 FY2024 results, with revenue up 10% to $7.7 billion. The company's AI system conversion drove impressive growth, particularly in the Server segment, which saw a 35% increase. EPS exceeded guidance, with GAAP EPS at $0.38 (up 9% YoY) and non-GAAP EPS at $0.50 (up 2% YoY). Annualized revenue run-rate (ARR) grew 35% to $1.7 billion. However, gross margins declined, and free cash flow decreased. HPE raised its FY2024 EPS guidance and expects Q4 revenue between $8.1-$8.4 billion. The company also received $2.1 billion from the partial sale of its H3C Technologies stake.

Nobu Hotels is upgrading its AI-powered network infrastructure using an end-to-end HPE Aruba Networking solution from Hewlett Packard Enterprise. This upgrade enhances secure connectivity at select properties worldwide, supporting luxury services like an AI Concierge. The deployment improves mobile, IoT device, and AI-driven application connectivity while providing operational efficiencies and strengthening data security.

Key features of the implementation include:

• Native IoT support for streamlined deployment of hospitality solutions
• Zero Trust security principles to safeguard the connectivity-driven environment
• HPE Aruba Networking Central for unified network management
• HPE Aruba Networking ClearPass for robust access policies
• HPE Aruba Networking User Experience Insight for proactive network monitoring

This upgrade allows Nobu Hotels to continue innovating and delivering iconic hospitality experiences while adapting to future technological and market developments.

Toyo Tire has selected HPE GreenLake cloud to deliver its seventh-generation high-performance computing (HPC) system, which is three times more powerful than its predecessor. This upgrade significantly accelerates Toyo Tire's ability to process structural tire data and conduct complex simulations for next-generation tire development.

The new system, leveraging HPE Cray XD systems, enables Toyo Tire to:

• Reduce time for large-scale design simulations
• Accelerate AI model training
• Improve performance of critical CAE applications
• Enhance capabilities for digitized simulation

This advancement supports Toyo Tire's innovation in addressing global trends, including the transition to electric vehicles and improving tire performance to minimize environmental impact.

Hewlett Packard Enterprise (NYSE: HPE) has announced its plan to acquire Morpheus Data, a pioneer in hybrid cloud management and platform operations software. This strategic move aims to enhance HPE GreenLake cloud by providing multi-vendor, multicloud application provisioning, orchestration, automation, and FinOps capabilities for cloud cost optimization.

The acquisition will complement HPE's previous acquisition of OpsRamp, positioning HPE as the first vendor to offer a full suite of enterprise-grade capabilities across the hybrid cloud stack. This integration is expected to simplify IT complexity, accelerate innovation, and make HPE GreenLake the future-proof hybrid cloud destination for enterprises.

The transaction is anticipated to close in early Q4 of HPE's 2024 fiscal year, subject to customary conditions. Morpheus Data's technology will be integrated with HPE GreenLake cloud and HPE's private cloud portfolio, while continuing to be offered as standalone software.