Hewlett Packard's results and 'prudent' outlook keep analysts largely positive

Hewlett Packard Enterprise posted mixed fiscal Q1 results and guidance but beat estimates, and shares rose about 1%. Analysts reacted largely positively; Citi kept its Buy rating and raised its price target, supporting the modest share uptick despite the mixed outlook.

Analysis

Hewlett Packard Enterprise posted mixed fiscal Q1 results and guidance but beat estimates, and shares rose about 1%. Analysts reacted largely positively; Citi kept its Buy rating and raised its price target, supporting the modest share uptick despite the mixed outlook.