HPE Punished as CEO Quits

HPE CEO Meg Whitman

HPE CEO Meg Whitman

Hewlett Packard Enterprise Company has a 52-week low of $12.97 and a 52-week high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st.

HPE reported fiscal fourth-quarter adjusted earnings of 31 cents a share, above estimates.

In case of Revenue Estimates, 20 analysts have provided their consensus Average Revenue Estimates for Hewlett Packard Enterprise Company as 7.75 Billion. The Return on Equity (ROE) value stands at 0.4%.

Hewlett Packard Enterprise (HPE) has announced that its Chief Executive Officer Meg Whitman will be stepping down in early 2018, to be replaced by Antonio Neri, the firm's current President.

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Neri will also need a head for business, however. This represents a $0.30 annualized dividend and a dividend yield of 2.12%.

While looking at the Stock's Performance, Hewlett Packard Enterprise Company now shows a Weekly Performance of 6.41%, where Monthly Performance is -0.91%, Quarterly performance is 2.79%, 6 Months performance is -3.74% and yearly performance percentage is 5.09%.

Whitman did not tell employees why she chose to leave the CEO job or where she plans to go next. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

The combination of sliding earnings and Whitman's surprise announcement sent HPE shares tumbling nearly eight percent in early trading today. Oppenheimer Holdings, Inc. reaffirmed a "buy" rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday. The company presently has an average rating of "Hold" and an average price target of $17.49. She's best known for taking eBay from $5.7 million in sales to $8 billion in sales between 1998 and 2008 while she was CEO. The shares were sold at an average price of $14.27, for a total transaction of $21,320,721.38.

Meg Whitman gives an interview on the floor of the New York Stock Exchange. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 249,023 shares of the firm's stock in a transaction dated Monday, September 18th.

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