Hewlett Packard Enterprise’s Aruba Networking has been a popular choice among its customers, with Blue Diamond Growers recently switching to the solution. Blue Diamond has installed HPE Aruba Networking Wi-Fi 6E and Wi-Fi 6 access points to improve connectivity across its facilities. Other customers that have adopted Aruba Networking in 2024 include the city of Carmel, Royal Jaarbeurs, Houston Airports, Bethesda Health Group, the University of Maryland, and Dedini S/A Indústrias de Base. HPE has continued to innovate its Aruba Networking solution, introducing new features like GenAI LLM models and Enterprise Private 5G.
These enhancements have allowed Hewlett Packard Enterprise to gain a competitive edge in edge networking over competitors like Cisco. HPE is also set to acquire Juniper Networks to expand its networking portfolio and strengthen its position in the data center and cloud markets. The acquisition is expected to drive revenue growth for HPE, with fiscal 2024 revenue projected to increase by 2% year over year in constant currency.
Investor confidence in HPE stock has grown, with a year-to-date increase of 14.7%. Also, analysts predict a positive outlook for Alphabet, another top-ranked stock in the technology sector. The Zacks Consensus Estimate for Alphabet’s 2024 earnings per share has been revised upward, with the stock up 25.6% so far this year.
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