Morgan Stanley flags HPE 3Q results as underwhelming versus peers
Morgan Stanley analysts say HPE’s third-quarter results would be solid under normal conditions, but they underwhelm in the current setup as enterprise infrastructure spend strength drives beats and raises at peers.
Under normal circumstances, HPE's third-quarter print would be very solid, Morgan Stanley analysts write in a note. "But in the context of the current environment, where generational strength in enterprise infrastructure spend is driving material beat and raises at peers, tonight's results underwhe…