Market News AIOpen the app

HPE scored a $1.2 billion deal for AI equipment and is betting on bigger growth in networking.

DealRead the original at Benzinga
Good for HPE

HPE secured a $1.2 billion AI infrastructure order from Vultr and raised its Networking sales forecast and Juniper savings goal. One analyst downgraded HPE to In-Line, but the company’s order and higher plans point to a stronger business outlook.

HPE · Hewlett Packard Enterprise Co

AI read · Good for HPE

The AI's read

The order gives HPE another customer for its AI systems. Its higher Networking sales forecast and larger Juniper savings goal add to the expected business benefits. One analyst downgraded HPE to In-Line, but the story gives no business reason for that change. The company-specific updates point more strongly toward improvement.

Get alerts for HPE

Follow Hewlett Packard Enterprise Co (HPE) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for HPE
Free on the App Store and Google Play, or on the web.