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Hewlett Packard Enterprise Company (NYSE: HPE ) shares are trading higher Thursday on possible continued momentum after the company raised its fiscal-year 2027 Networking segment revenue growth outlook on Wednesday, alongside a $1.2 billion order from Vultr. Raised Networking Guidance HPE raised its fiscal 2027 Network
The S&P 500, Nasdaq and Dow rose after the Commerce Department said August PCE increased 3.4% year on year, below expectations. Traders cut bets on an October rate hike, while Boeing, Moderna and HPE moved on company-specific news.
Hewlett Packard Enterprise shares are trading higher after the company announced it raised its FY27 networking segment revenue growth guidance. Also, the company announced an order from Vultr to deploy AMD Helios AI Rack systems.