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HPE

HP Enterprise

$22.13

-0.37 (-1.64%)

, SGI

Silicon Graphics

$7.70

-0.01 (-0.13%)

13:25
10/11/16
10/11
13:25
10/11/16
13:25

Silicon Graphics to host special shareholder meeting

Special Shareholder Meeting to vote on the merger agreement with Hewlett Packard Enterprise is being held in Milpitas, CA on October 11 at 2 pm.

HPE

HP Enterprise

$22.13

-0.37 (-1.64%)

SGI

Silicon Graphics

$7.70

-0.01 (-0.13%)

  • 11

    Oct

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    Oct

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    Dec

HPE HP Enterprise
$22.13

-0.37 (-1.64%)

09/19/16
BERN
09/19/16
NO CHANGE
BERN
HP Enterprise could be acquired after spin off, says Bernstein
After HP Enterprise said that it would do a tax free spin-merge of its software unit, Bernstein analyst A.M. Sacconaghi, Jr says that the remaining company could be acquired, given its relatively small valuation and the fact that its CEO is 60, has been at the company six years and has political ambitions. The analyst says that all of the potential strategic buyers of the remaining company "appear to have stumbling blocks." He thinks that an acquisition by private equity "might be more likely," and he views such a transaction as "doable." He keeps a $24.50 price target and Outperform rating on the shares.
09/19/16
UBSW
09/19/16
NO CHANGE
Target $25
UBSW
Buy
HP Enterprise shares remain inexpensive, says UBS
UBS analyst Steven Milunovich noted investors concerns about HP Enterprise competition and believes the company's divestiture of services and software leaves it primarily as a hardware supplier with servers. storage, and networking. The analyst said the company believes they can innovate in hardware and provide complete solutions through its extensive partnerships, but he is giving the edge to their competitors. That said, he still believes the shares are undervalued. Milunovich reiterated his Buy rating and $24.50 price target on HP Enterprise shares.
09/08/16
09/08/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Market Perform from Outperform at Wells Fargo with analyst Maynard Um saying he views the risk/reward as balanced with the stock up 12% since Apple's earnings report on July 26. 2. Nike (NKE) downgraded to Neutral from Overweight at Piper Jaffray with analyst Erinn Murphy saying the resurgence of adidas (ADDYY) has taken a toll on Nike's growth rate in Germany, United Kingdom and France. 3. lululemon (LULU) downgraded to Hold from Buy at Jefferies with analyst Randal Konik saying the company's opportunity to grow its topline and expand operating margins are now largely factored into the stock. 4. Pier 1 Imports (PIR) downgraded to Underperform from Neutral at Credit Suisse, to Perform from Outperform at Oppenheimer, and to Market Perform from Strong Buy at Raymond James. 5. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Wells Fargo with analyst Maynard Um citing a lack of near-term catalysts following the company's third quarter results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/08/16
OPCO
09/08/16
NO CHANGE
Target $25
OPCO
Outperform
HP Enterprise spinoff unlocks 'further value,' says Oppenheimer
Oppenheimer analyst Ittai Kidron says HP Enterprise reported another quarter of "solid execution," despite the soft revenue due to macro and end-market demand. Additionally, the company announced the spinoff of its Software segment, which the analyst views positively as it unlocks further value, eliminates a growth headwind, and allows the company to focus on hardware solutions. Kidron remains positive on HP Enterprise long term, but notes that a second large transaction further clouds the fundamental view of the company post spinoffs, possibly limiting near-term upside. He reiterates an Outperform rating and $25 price target on the shares.
SGI Silicon Graphics
$7.70

-0.01 (-0.13%)

08/12/16
WELS
08/12/16
NO CHANGE
WELS
HP Enterprise acquisition positive, says Wells Fargo
After HP Enterprise (HPE) agreed to buy Silicon Graphics (SGI), Wells Fargo says that the deal "checks a number of key boxes" for HP Enterprise. Specifically, Wells says that the deal "bolsters and expands" the company core business, "provides key assets in a growing market," and is inexpensive. Moreover, the firm thinks that HP Enterprise can leverage its large customer base to improve Silicon Grpahics' results. Wells keeps an Outperform rating on HP Enterprise.
08/12/16
PACS
08/12/16
NO CHANGE
PACS
Cray has positive read through from Silicon Graphics deal, says Pacific Crest
Pacific Crest analyst Alex Kurtz says that HP Enterprise's (HPE) acquisition of Silicon Graphics International (SGI) "is good for the market and signals high-performance computing's growing impact on government and commercial markets. " The analyst says that HP Enterprise and Silicon Graphics do not, for the most part, compete directly with Cray, and he thinks that HP Enteprrise could be less aggressive on price than Silicon Graphics has been. The analyst keeps an Overweight rating on Cray.
08/12/16
OPCO
08/12/16
NO CHANGE
OPCO
Outperform
Oppenheimer has mixed views on Silicon Graphics acquisition by HP Enterprise
Oppenheimer analyst Ittai Kidron has mixed views on Silicon Graphics' (SGI) acquisition by HP Enterprise (HPE). While he does not see the deal as a high-quality acquisition from a growth perspective, the analyst acknowledges it brings in-house an OEM supplier, further strengthening HP Enterprise's position as a leading enterprise IT hardware vendor and possibly offering a gross margin benefit. Kidron continues to believe HP Enterprise's shares offer "significant value" and reiterates an Outperform rating on the stock.
08/12/16
NEED
08/12/16
DOWNGRADE
NEED
Hold
Silicon Graphics downgraded to Hold from Buy at Needham
Silicon Graphics (SGI) is being acquired by HP Enterprises (HPE) for $7.75 per share cash.

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