Jim Cramer on Hewlett Packard Enterprise (HPE): “I Can’t Get Too Enthusiastic About Hewlett Packard Enterprise”

We recently published a list of Jim Cramer Put These 14 Stocks Under the Microscope. In this article, we are going to take a look at where Hewlett Packard Enterprise Company (NYSE:HPE) stands against other stocks that Jim Cramer discusses.

Hewlett Packard Enterprise Company (NYSE:HPE) was discussed during the episode, and here’s what Mad Money’s host had to say:

“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.”

A woman programmer in a modern office working with multiple computer servers.

Hewlett Packard Enterprise (NYSE:HPE) delivers data solutions that support customers in handling and using information efficiently. The company supplies products such as servers, high-performance computing systems, and storage equipment.

Overall, HPE ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of HPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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.