Hewlett Packard Enterprise (HPE) Stock Rallies Ahead of Quarterly Earnings Release
NEW YORK (TheStreet) -- Hewlett Packard Enterprise Co. (HPE) - Get Report shares are jumping 5.52% to $14.54 on Friday ahead of the company's fourth quarter 2015 earnings results due out after the market closes on Tuesday.
Wall Street's estimates for the latest quarter are 52 cents a share on $13.52 billion in revenue.
This is the first earnings report from HP Enterprise since Hewlett-Packard split into two publicly-traded companies earlier this month, the other being HP Inc. (HPQ).
Palo Alto, CA-based HP Enterprise sells software, servers, storage and networking services and HP Inc. sells printers and PCS.
Additionally, Microsoft Corp. (MSFT) - Get Report yesterday announced that it's teaming up with HP Enterprise to target corporate customers.
The Cloud Productivity & Mobility Solution Offerings (CPM) will provide customers with consulting services for Window's 10 and industry-specific vertical applications.
From this offering, HP Enterprise's corporate customers will be able to manage software on their computers, according to the Wall Street Journal.
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