Hewlett Packard Enterprise Co
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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value
Company profile

Hewlett Packard Enterprise Company (HPE) is an edge-to-cloud platform as-a-service company. The Company's segment includes Compute, High Performance Computing & Mission-Critical Solutions (HPC & MCS), Storage, Intelligent Edge, Financial Services (FS), and Corporate Investments and Other. The Compute segment offers both general purpose servers for multi-workload computing and workload optimized servers. The HPC & MCS segment offers specialized compute servers designed to support specific workloads. The Storage segment offers workload optimized storage product and service offerings. The Intelligent Edge segment offers wired and wireless local area network (LAN), campus and data center switching, software-defined wide-area-networking. The FS segment provides flexible investment solutions, such as leasing, financing, and utility programs. The Corporate Investments and Other segment includes the Communications and Media Solutions business (CMS) that offers software and related services.

Closing Price
$15.43
Day's Change
0.07 (0.46%)
Bid
--
Ask
--
B/A Size
--
Day's High
15.50
Day's Low
15.35
Volume
(Average)
Volume:
8,429,617

10-day average volume:
8,564,837
8,429,617

HPE to acquire cloud data-management company Zerto for $374 million

8:25 am ET July 1, 2021 (MarketWatch)
Print

Hewlett Packard Enterprise (HPE) plans to acquire Zerto, a cloud data-management company, in a deal valued at $374 million. HPE intends to fund the deal with cash on its balance sheet and expects that Zerto will contribute more than $130 million in run-rate revenue. HPE also anticipates that the Zerto acquisition will be accretive to adjusted operating profit and earnings in fiscal 2023. Zerto works with 350 managed service providers and 9,000 customers to provide capabilities like disaster recovery, protection against ransomware, and data mobility. The company "helps customers recover in minutes from ransomware, cyberattacks, and other unplanned downtime bringing data back to its original state just seconds before the attack or disruption," according to HPE's Thursday morning release announcing the acquisition. HPE expects the deal to close in its fiscal fourth quarter. HPE shares have gained 23% so far this year as the S&P 500 has risen 14%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

July 01, 2021 08:25 ET (12:25 GMT)

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