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Hewlett Packard Enterprise (NYSE:HPE) shares notched their seventh straight session of loss on Wednesday, closing 0.6% lower at $17.04.
The company has gained 9% in the last 12-months, compared to a 22% gain of the broader S&P 500 Index.
Looking at Seeking Alpha’s Quant Ratings, HPE has a Hold rating with a score of 3.13 out of 5. The company scored an A for profitability, an A- for valuation, but only managed a D+ for both growth and revisions.
Turning to the Wall Street community, four out of 17 analysts rate the stock as a Buy or higher, 11 rate it as a Hold, and two rate it as a Sell.
Seeking Alpha analysts at large consider the stock a Hold. According to SA analyst Michael Del Monte, “Hewlett Packard Enterprise faces challenges in FY24 as customers are slow to implementing server infrastructure purchased in FY23, impacting revenue growth.”
April has not been a favorable month for the company, with eight sessions in the red and four sessions in the green.
