“While we expect some will debate if lead metrics were only driven by the large deal signed last quarter, underneath it would suggest execution drove FQ4 results, and management commentary will be viewed as incrementally better Q/Q,” said Piper Sandler analysts James Fish and Quinton Gabrielli, in an investor note. As a result, Piper Sandler … Read more
Shares of Hewlett Packard Enterprise (HPE) surged more than 15% in early U.S. trading after the company reported strong second-quarter earnings that surpassed expectations. The company posted earnings per share of $0.42, higher than the projected $0.39, while revenue came in at $7.2 billion, beating consensus estimates of $6.83 billion. One of the key drivers … Read more
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares closed at $1,029.24, its highest price in a year. Citigroup said it resumed its coverage of the … Read more