On June 3, Hewlett Packard Enterprise declined 3.63% in after-hours trading to $53.15 per share, with trading volume of approximately $52.75 million. The stock continued its technical pullback following a historic single-day rally of over 25% driven by Q2 results that massively exceeded expectations.
On the earnings front, HPE reported fiscal Q2 revenue of $10.7 billion, up 40% year-over-year and well above the consensus estimate of $9.78 billion. Adjusted EPS came in at $0.79, far surpassing the $0.53 expected by analysts. The networking segment delivered standout performance with revenue surging 148% year-over-year, while data center networking revenue skyrocketed 233%. The company raised its full-year adjusted EPS guidance to $3.35-$3.45 from the prior range of $2.30-$2.50, and lifted FY2026 revenue growth expectations to 29%-33% from 17%-22%.
Despite multiple Wall Street firms raising price targets — including Argus at $70 and Loop Capital at $75 — investors continued locking in gains after the unprecedented rally, with the after-hours decline representing a normal technical correction following the outsized move.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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