We recently published Jim Cramer Reveals His Trading Strategy For H2 2025 & Discusses These 16 Stockse. Hewlett Packard Enterprise Company (NYSE:HPE) is one of the stocks Jim Cramer recently discussed.
Hewlett Packard Enterprise Company (NYSE:HPE) is an iconic American enterprise computing company. Its shares have lost 4.6% year-to-date primarily on the back of sluggishness in the non-AI computing market. However, Hewlett Packard Enterprise Company (NYSE:HPE)’s shares jumped by 11% in June after the firm secured highly-awaited approval from the Justice Department for its bid to acquire Juniper Networks. Cramer discussed the deal in detail:
“I mean HPE had been a, also ran, to, to Dell. What I think is very interesting is that I happen to love these sites I go to. This time I go to Perplexity, okay, which I regard as an even-handed chat. And what do we see? It says the major competitors are Cisco and Arista. I like those companies very much. And HPE, there’s of course the deal, right, the deal on Juniper, pending because of the acquisition of Aruba. So Aruba has to go and the Justice Department is kind of smart about this. But I would tell you David, that HPE is one of the biggest customers of NVIDIA. . . Remember, NVIDIA is regarded as somewhat of a gating point for all of the hyperscalers cause they’re so expensive. But Cisco’s in the mix now, maybe Hewlett Packard is going to be more than just a company that puts together NVIDIA for you. That’s why HPE is trading up. It’s very significant.
“And Mr. Neri . . .Antonio Neri is someone who had told me look we get this it’s fantastic, what can I say. It’s obviously fantastic.”
A woman programmer in a modern office working with multiple computer servers.
Cramer also discussed Hewlett Packard Enterprise Company (NYSE:HPE) after the firm’s latest quarter. Here’s what he said:
“Last night, Hewlett Packard Enterprise reported what initially looked like a strong quarter, and the stock took off in after-hours trading. Then today, gave back, gave back nearly all the gains…
If you take a step back and think about the quarter as a whole, here’s what I’d say: HP Enterprise was fine. I don’t mean that as an insult. Fine is a definite improvement from the last quarter, which was outright bad. But what really happened here is that HP Enterprise outperformed the expectations that it had lowered when it offered that atrocious guidance back in March.
… Now it’s outperformed those lowered expectations, and while that’s certainly better than underperforming, I can’t bring myself to be too excited about it. The fact of the matter is, we heard much more positive things from Dell Technologies last week…HP Enterprise really is doing better than it was three months ago, and that’s worth something. But nothing I heard yesterday was positive enough to get me particularly bullish on this one, especially when Dell’s in much better shape and only a little bit more expensive, and has come down a great deal.
Here’s the bottom line: I can’t get enthusiastic, well, maybe I can’t get too enthusiastic about Hewlett Packard Enterprise until one of two things happens. Either they see a dramatic improvement in their business, or the activists at Elliot Management decide to get their hands dirty and turn this thing around by any means necessary. For now, neither of these things seems to be happening. So, look, let’s say you like HP Enterprise. Let me just tell you something, you will love Dell, which is a far superior option at this moment.”
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Disclosure: None. This article is originally published at Insider Monkey.
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