In This Article:
We recently published a list of 10 Firms End Stronger on Tuesday. In this article, we are going to take a look at where Hewlett Packard Enterprise Company (NYSE:HPE) stands against other firms that end stronger on Tuesday.
A muted trading persisted on the stock market on Tuesday, with major indices ending in the red, recording minimal losses while digesting President Donald Trump’s tariff policies.
The Dow Jones declined by 0.38 percent, the S&P 500 dipped by 0.17 percent, while the tech-heavy Nasdaq dipped by 0.05 percent.
Ten companies bucked a broader market pessimism, booking modest gains during the session. In this article, we have identified the reasons behind their gains.
To come up with the list, we only considered the stocks with $2 billion market capitalization and $5 million trading volume.
A woman programmer in a modern office working with multiple computer servers.
Hewlett Packard Enterprise Company (NYSE:HPE)
Shares of Hewlett Packard grew for a third straight day on Tuesday, adding 5.11 percent to close at $15.01 apiece following news that hedge fund Elliott Investment Management acquired more than $1.5 billion in the company.
Elliott, one of the largest hedge funds, now ranks among the information technology company’s biggest investors and is working on an unidentified initiative amounting to $20 billion.
In the first quarter, Hewlett Packard Enterprise Company (NYSE:HPE) said net income attributable to shareholders rose by 54 percent to $598 million from $387 million in the same period a year earlier, as revenues rose 16 percent to $7.854 billion from $6.755 billion year-on-year.
Analysts expected the company to post $7.8 billion in revenues or $0.50 per share, as against Hewlett Packard Enterprise Company (NYSE:HPE)’s $0.49 recorded EPS.
Looking ahead, Hewlett Packard Enterprise Company (NYSE:HPE) estimates revenues to be in the range of $7.2 billion and $7.6 billion.
Overall, HPE ranks 7th on our list of firms that end stronger on Tuesday. While we acknowledge the potential of HPE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HPE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
