Reported 15 days ago
Hewlett Packard Enterprise (HPE) announced that its projected profits for fiscal 2026 will fall below Wall Street expectations, leading to an approximate 8.5% decline in its shares. The company is restructuring its operations to enhance its focus on artificial intelligence and networking after acquiring Juniper Networks, and it plans to merge several business segments into a new 'cloud & AI' category. Despite forecasting revenue growth of 17% to 22%, HPE's adjusted earnings projections are below analyst estimates, prompting concerns about job cuts related to the integration of Juniper.
Source: YAHOO