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HPE

HP Enterprise

$22.87

-0.25 (-1.08%)

16:41
11/22/16
11/22
16:41
11/22/16
16:41

Q4 Enterprise Services revenue was $4.7B

Enterprise Services revenue was $4.7 billion, down 6% year over year, down 2% when adjusted for divestitures and currency, with a 10.7% operating margin. Infrastructure Technology Outsourcing revenue was down 7%, down 5% when adjusted for divestitures and currency, and Application and Business Services revenue was down 3%, up 4% when adjusted for divestitures and currency. In addition, Q4 Software revenue was $903 million, down 6% year over year, flat when adjusted for divestitures and currency, with a 32.1% operating margin. License revenue was down 5%, down 1% when adjusted for divestitures and currency, support revenue was down 7%, up 1% when adjusted for divestitures and currency, professional services revenue was down 7%, down 4% adjusted for divestitures and currency, and software-as-a-service (SaaS) revenue was down 1%, up 11% adjusted for divestitures and currency. Q4 Financial Services revenue was $814 million, up 2% year over year, net portfolio assets were up 4%, and financing volume was down 4%. The business delivered an operating margin of 10.2%.

  • 22

    Nov

  • 12

    Dec

HPE HP Enterprise
$22.87

-0.25 (-1.08%)

10/19/16
OPCO
10/19/16
NO CHANGE
Target $25
OPCO
Outperform
Oppenheimer remains bullish on HP Enterprise with spinoffs on track
After attending the company's investor day, Oppenheimer analyst Ittai Kidron says he remains bullish on HP Enterprise's story and sees upside as the spinoffs close and value is unlocked. Additionally, the analyst believes the Enterprise Group offers both growth and margin expansion opportunities, and the free cash flow characteristics of the company are attractive and suggest residual HP Enterprise valuation is depressed. Kidron reiterates an Outperform rating and $25 price target on the shares.
11/18/16
RAJA
11/18/16
UPGRADE
RAJA
Outperform
HP Enterprise upgraded to Outperform from Market Perform at Raymond James
11/18/16
11/18/16
UPGRADE
Target $29

Outperform
HP Enterprise upgraded to Outperform ahead of spinoff at Raymond James
As previously reported, Raymond James upgraded HP Enterprise to Outperform from Market Perform with a $29 price target. Analyst Simon Leopold believes spinoff of its Enterprise Service and Software businesses will unlock value and said checks have been positively biased in North American enterprises and Federal verticals. The analyst said the rating change is not a call on the quarter and expects results to be largely in line when the company reports on November 22.
11/18/16
11/18/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) upgraded to Outperform from Market Perform at Raymond James with analyst Simon Leopold saying he believes the spinoff of its Enterprise Service and Software businesses will unlock value and said checks have been positively biased in North American enterprises and Federal verticals. 2. Exelon (EXC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Stephen Byrd saying Exelon offers attractive growth at a compelling valuation with meaningful ROE improvement at acquired utilities. 3. Goldman Sachs (GS) upgraded to Outperform from Neutral at Macquarie with saying investors should shift exposure to names that have more leverage to capital markets and increased economic activity and away from global banks. 4. Hain Celestial (HAIN) upgraded to Neutral from Underperform at BofA/Merrill and to Neutral from Underweight at Atlantic Equities. 5. FleetCor (FLT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Timothy Willi saying the 13% selloff since the company's third quarter results on November 1 is overdone and presents a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CATM

Cardtronics

$29.27

0.16 (0.55%)

13:09
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CATM

Cardtronics

$29.27

0.16 (0.55%)

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ADSK

Autodesk

$111.78

-0.51 (-0.45%)

13:05
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Autodesk call volume above normal and directionally bullish »

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CRMT

America's Car-Mart

$40.85

0.35 (0.86%)

12:59
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America's Car-Mart management to meet with Sidoti »

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    Sep

NAV

Navistar

$41.68

0.35 (0.85%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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Navistar, Volkswagen Truck to launch electric medium duty truck, Reuters reports »

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NAV

Navistar

$41.68

0.35 (0.85%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:55
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Intercept analyst commentary  »

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  • 25

    Sep

YNDX

Yandex

$33.20

0.57 (1.75%)

12:55
09/25/17
09/25
12:55
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Options
Yandex put volume heavy and directionally bearish »

Bearish flow noted in…

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PLUS

ePlus

$88.60

1.05 (1.20%)

12:55
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Conference/Events
ePlus management to meet with Sidoti »

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  • 26

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PKY

Parkway

$23.04

0.02 (0.09%)

12:55
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Conference/Events
Parkway to host special shareholder meeting »

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  • 25

    Sep

MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

, UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

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Sen. Ted Cruz still opposes Graham-Cassidy bill, Axios reports »

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MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

CNC

Centene

$90.60

-1.62 (-1.76%)

WCG

WellCare

$165.67

-1.49 (-0.89%)

CI

Cigna

$181.69

-1.05 (-0.57%)

ANTM

Anthem

$182.89

0.03 (0.02%)

HNT

Health Net

HUM

Humana

$238.48

-0.6125 (-0.26%)

AET

Aetna

$152.55

-1.02 (-0.66%)

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  • 26

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  • 08

    Nov

SOL

ReneSola

$2.17

-0.0508 (-2.29%)

12:49
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ReneSola agrees to disposition of manufacturing, LED distribution units »

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ALEX

Alexander & Baldwin

$45.23

0.26 (0.58%)

12:49
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12:49
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Conference/Events
Alexander & Baldwin management to meet with Sidoti »

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  • 27

    Sep

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FB

Facebook

$170.54

-0.57 (-0.33%)

12:47
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China blocks WhatsApp ahead of Communist Party gathering, NY Times reports »

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  • 03

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HES

Hess Corp.

$45.45

0.95 (2.13%)

12:45
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Options
Hess Corp. call volume above normal and directionally bullish »

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  • 25

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C

Citi

$70.60

-0.8 (-1.12%)

12:43
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Citibank, CGML ordered to pay $550,000 penalty by CFTC »

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  • 22

    Oct

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UFPI

Universal Forest

$94.65

2.47 (2.68%)

12:41
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Conference/Events
Universal Forest management to meet with Sidoti »

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  • 26

    Sep

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NAV

Navistar

$42.09

0.755 (1.83%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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NAV

Navistar

$42.09

0.755 (1.83%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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  • 02

    Oct

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    Oct

DRI

Darden

$82.45

-0.43 (-0.52%)

, FDS

FactSet

$167.38

-1.23 (-0.73%)

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Earnings
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DRI

Darden

$82.45

-0.43 (-0.52%)

FDS

FactSet

$167.38

-1.23 (-0.73%)

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  • 26

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NAV

Navistar

$42.05

0.72 (1.74%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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Navistar announces collaboration with Volkswagen Truck & Bus »

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NAV

Navistar

$42.05

0.72 (1.74%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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  • 02

    Oct

  • 30

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F

Ford

$11.88

0.035 (0.30%)

12:38
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NFL sponsor Ford issues statement supporting free speech, Bloomberg says »

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  • 25

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BGG

Briggs & Stratton

$22.70

0.01 (0.04%)

12:35
09/25/17
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Conference/Events
Briggs & Stratton management to meet with Sidoti »

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  • 26

    Sep

  • 27

    Sep

ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:34
09/25/17
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Intercept analyst commentary  »

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  • 25

    Sep

DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

, MKGAY

Merck KGaA

12:33
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Lufthansa chairman Mayrhuber resigns, Kley named new chairman »

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DLAKY

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$27.31

-0.1 (-0.36%)

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AAWW

Atlas Air

$67.60

0.15 (0.22%)

12:32
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09/25
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Atlas Air, Polar Air Cargo seek preliminary injunction to stop work slowdown »

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AIN

Albany International

$55.80

-0.45 (-0.80%)

12:31
09/25/17
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Conference/Events
Albany International management to meet with Sidoti »

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  • 27

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