| Thursday | ||||
Bullish option flow… Bullish option flow detected in Hewlett Packard Enterprise with 34,879 calls trading, 52x expected, and implied vol increasing almost 29 points to 75.01%. Sep-20 10 calls and 8/7 weekly 10.5 calls are the most active options, with total volume in those strikes near 28,600 contracts. The Put/Call Ratio is 0.01. Earnings are expected on August 25th. | ||||
HP Enterprise said in a… HP Enterprise said in a release, "Hewlett Packard Enterprise (HPE) announced plans to partner with SAP (SAP) to deliver the customer edition of SAP HANA Enterprise Cloud with HPE GreenLake, as a fully managed service at the edge, in the customer's data center or colocation facility of their choice. Customers will be able to keep their SAP software landscape and data on-premises while gaining the benefits of a subscription-based, agile, elastic, and consistent cloud experience from SAP with HPE GreenLake. The new offering SAP HANA Enterprise Cloud, customer edition from SAP addresses a key market requirement for SAP customers. According to research from IDC, organizations state that 70 percent of applications remain outside of the public cloud1. There are several factors for this, including application entanglement, data gravity and sovereignty, security and compliance concerns, and the unpredictable and high costs of the public cloud." | ||||
| Over a week ago | ||||
Alternative Energy &… Alternative Energy & IT Hardware Analyst Coster and Telecom & Networking Equipment/IT Hardware Analyst Chatterjee, along with Keerti Melkote, Aruba Founder and President of Intelligent Edge, discuss Hewlett Packard's Intelligent Edge strategy on an Analyst/Industry conference call to be held on July 27 at 2 pm. | ||||
Alternative Energy &… Alternative Energy & IT Hardware Analyst Coster and Telecom & Networking Equipment/IT Hardware Analyst Chatterjee, along with Keerti Melkote, Aruba Founder and President of Intelligent Edge, discuss Hewlett Packard's Intelligent Edge strategy on an Analyst/Industry conference call to be held on July 27 at 2 pm. | ||||
Conference call with… Conference call with President & CEO Neri, Chief Sustainability Officer Wellise and SVP Yockelson will be held on July 21 at 2 pm hosted by Morgan Stanley. Webcast Link | ||||
HP Enterprise (HPE), a… HP Enterprise (HPE), a major competitor of Extreme Networks (EXTR), announced last week that it has entered into a definitive agreement to acquire Silver Peak, a software-defined wide area network) specialist, for $925M, or seven times revenue, B. Riley FBR analyst Dave Kang tells investors in a research note. The analyst believes Silver Peak's takeout valuation further supports his thesis of Extreme, which note notes trades at "only" 0.8 times revenue. The Street has yet to recognize the value of Extreme Networks' "industry-leading" software technology, and the company could become an attractive acquisition target as the IT industry's transition to the cloud intensifies, contends Kang. Based on Silver Peak's valuation, the analyst believes his takeout price of $10 per share for Extreme Networks could be conservative. He keeps a Buy rating on the shares with a $7.50 price target. | |
Conference call with… Conference call with President & CEO Neri, Chief Sustainability Officer Wellise and SVP Yockelson will be held on July 21 at 2 pm hosted by Morgan Stanley. Webcast Link | |
Conference call with… Conference call with President & CEO Neri, Chief Sustainability Officer Wellise and SVP Yockelson will be held on July 21 at 2 pm hosted by Morgan Stanley. Webcast Link | |
Morgan Stanley analyst… Morgan Stanley analyst Katy Huberty thinks HP Enterprise's deal to acquire Silver Peak makes strategic sense given that it expands HPE's ability to deliver end-to-end networking solutions across wired and wireless LAN and is accretive to gross margins. However, she also notes the deal contributes only low single digits to revenue by FY22, which Huberty said "falls short of investors' hopes for a transformational deal." She keeps an Equal Weight rating with a $9 price target on HP Enterprise shares. | |
President & CEO Neri… President & CEO Neri and EVP & CFO Robbiati, along with the Founder & CEO of Silver Peak, David Hughes, will discuss the acquisition of Silver Peak on a conference call to be held on July 13 at 8:30 am. Webcast Link |