Hewlett Packard Enterprise (HPE) Stock Rallies Ahead of Quarterly Earnings Release

Hewlett Packard Enterprise (HPE) shares are jumping on Friday ahead of the company's fourth quarter 2015 earnings results due out after the market closes on Tuesday.
By U-Jin Lee ,

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.

HPE

data by

YCharts

Loading ...