Hewlett Packard stock (HPE) jumps 10% after beating earnings estimates: here’s where to buy it

The Hewlett Packard stock (HPE) jumped by over 10% after the company announced its earnings that beat Wall Street’s earnings estimates.

Heading into Q1 of 2022, analysts had estimated that Hewlett Packard Enterprise (HPE) would earn $0.46 per share on sales of $7 billion.

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To help stock investors interested in investing in Hewlett-Packard stock (HPE), Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is Hewlett Packard stock (HPE)?

Hewlett Packard stock (HPE) is the stock of Hewlett Packard Enterprise Company shares and it trades on the New York Stock Exchange using the ticker NYSE: HPE.

In a nutshell, Hewlett Packard Enterprise Company is an American multinational enterprise company that specializes in information technology. It is headquartered in Spring, Texas, United States.

Hewlett Packard was founded in 2015, in Palo Alto, California, as part of the splitting of the Hewlett-Packard Company.

The split saw the former Hewlett-Packard Company was renamed to HP Inc. and retained the original personal computer and printing business. HP Inc. also retained the original NYSE ticker symbol.

The Hewlett Packard Enterprise, on the other hand, spun its enterprise business and merged it with Computer Sciences Corporation to form DXC Technology. It later spun its software business in 2017 and merged it with Micro Focus.

Should I buy HPE stock today?

If you want to invest in a tech stock that has shown great prospects of growth, then the HPE stock could be a good choice.

Nevertheless, the stock is coming from a recent fall that occurred between February 16 and March 1. So it has only been on a positive trajectory for two days, which isn’t enough for speculating the stock’s long-term trajectory.

HPE stock price prediction

If the market sentiments remain as they are, analysts expect the HPE stock price to get back above $18 before the end of the first quarter of 2022.