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Hewlett Packard's stock goes up after it boosts its revenue forecast and gets a $1.2 billion order from Vultr.

DealRead the original at Benzinga
Good for HPE

HPE raised networking sales targets through fiscal 2029, set profit margins in the mid-to-high 20% range, and received a $1.2 billion AI-system order. Supply limits remain, but HPE increased purchases to meet demand, supporting the stronger sales outlook.

HPE · Hewlett Packard Enterprise Company

AI read · Good for HPE

The AI's read

Those targets suggest HPE expects networking sales to keep growing and the segment to earn a steady share of sales as profit. Tight supply could slow delivery. HPE said it had raised its networking purchases to help meet demand, which eases that concern.

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