By Ahmed Farhath
Publication Date: 2026-06-02 12:59:00
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JPMorgan said secular tailwinds are driving HPE’s “strong demand backdrop” across all of its product segments.
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Of the 23 analysts covering the stock, 11 rate HPE a ‘Buy’ or higher; 11 rate it as ‘Hold’ and one as ‘Sell’, according to Koyfin data.
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For the second quarter, total revenue was $10.7 billion and adjusted earnings per share were $0.79, both handily beating consensus estimates.
Shares of enterprise computing solutions provider HPE (HPE) rose nearly 30% in premarket trading Tuesday and are on track to open at a new all-time high for the second day in a row, if the session’s gains hold.
Following its strong second-quarter results, JPMorgan applauded HPE, saying the company is enjoying a “solid demand backdrop” across all of its product segments, driven by secular tailwinds beyond advancing demand ahead of price increases, according to TheFly.
