Hewlett Packard Enterprise Company - HPE STOCK NEWS

Hewlett Packard Enterprise (NYSE: HPE) has been recognized as a Leader in the 2024 Gartner Magic Quadrant for SD-WAN for the seventh consecutive year. HPE has also been named a Customers' Choice in the 2024 Gartner Peer Insights Voice of the Customer for SD-WAN. The Magic Quadrant evaluation was based on Completeness of Vision and Ability to Execute.

In 2023, HPE strengthened its SD-WAN leadership by acquiring cloud security provider Axis Security. This acquisition allows HPE Aruba Networking to offer a single-vendor SASE solution, combining EdgeConnect SD-WAN and HPE Aruba Networking SSE to meet the growing demand for integrated networking and security solutions delivered as-a-service.

HPE's AI-powered SASE platform provides secure SD-WAN capabilities, addressing modern security needs and protecting against evolving threats. The platform offers performance optimization, cloud onramp, and embedded and partner-integrated security capabilities.

Hewlett Packard Enterprise (NYSE: HPE) has announced its upcoming AI Day event, scheduled for October 10, 2024. The event will be webcast live, featuring presentations from key executives including Antonio Neri (President and CEO), Neil MacDonald (EVP and GM, Server), and Fidelma Russo (EVP and GM, Hybrid Cloud and CTO). They will discuss HPE's industry-leading technology and capabilities driving the company's growth in AI.

The webcast will begin at 12:45 p.m. CT (1:45 p.m. ET) and include a live Q&A session. Interested parties can register for the event on HPE's Investor Relations website. A replay will be available shortly after the call and remain accessible for approximately one year.

NPower, a national tech training nonprofit, will host its 2024 fall gala on October 29, 2024, in New York City. The event will celebrate progress in creating a more diverse tech industry and honor Antonio Neri, President and CEO of Hewlett Packard Enterprise (HPE), for his leadership in recruiting and developing diverse talent.

HPE has been a key NPower partner since 2010, supporting programs through volunteering, funding, and employing NPower graduates. Under Neri's leadership, HPE has achieved high team member engagement and been recognized for its commitment to social issues and talent development.

The gala will be sponsored by major tech companies and features a committee comprised of NPower Board members and industry leaders. This event underscores NPower's mission to increase economic mobility for young people and military-connected individuals through tech jobs.

HPE Aruba Networking has expanded its AI-powered network management solution, HPE Aruba Networking Central, with new capabilities and insights. Key updates include:

1. Integration of OpsRamp for third-party network device monitoring from vendors like Cisco, Juniper Networks, and Palo Alto Networks.

2. Improved network device configuration engine and expanded network observability.

3. Integration of HPE Aruba Networking User Experience Insight (UXI) for Digital Experience Monitoring.

4. Addition of 90 new APIs and hierarchical configurations capabilities.

5. Three times more AI-trained models, leveraging data from 4.6 million network-managed devices and 1.6 billion unique customer endpoints.

These enhancements aim to improve network automation, security, performance, and visibility. The new capabilities will be available in public preview starting October 2024, with third-party monitoring and select features added before year-end 2024.

Hewlett Packard Enterprise (HPE) has been named a Leader in the 2024 Gartner Magic Quadrant for Primary Storage Platforms for the 15th consecutive time. This recognition underscores HPE's innovative strategy in simplifying data management across hybrid environments. Key highlights include:

1. The introduction of HPE GreenLake for Block Storage built on HPE Alletra MP, offering a disaggregated, scale-out block storage with a 100% data availability SLA guarantee.

2. Launch of HPE GreenLake Block Storage for AWS, extending enterprise-class capabilities to the cloud.

3. Introduction of HPE Timeless, a new storage ownership program enhancing investment protection.

4. Expansion of HPE GreenLake for File Storage with high-density, all-flash options for AI and data lake workloads.

5. Enhanced cyber resilience capabilities through Zerto technology, providing continuous data protection and rapid recovery from disruptions like ransomware attacks.

TOYOTA INDUSTRIES IT SOLUTIONS, a subsidiary of Toyota Industries , has chosen HPE Aruba Networking to transform its network infrastructure. The solution, featuring Zero Trust security, enables employees to securely access the company's network remotely, improving work-life balance. HPE Aruba Networking's solution includes:

• ClearPass for authentication infrastructure
• Central, a cloud-based AIOps solution for AI-powered analytics
• End-to-end automation and orchestration
• Advanced security for unifying and mobilizing the workforce

The implementation supports secure, unrestricted telework and enhances network management with intuitive visualizations, workflow automation, and edge-to-cloud security from a single dashboard.

Hewlett Packard Enterprise (HPE) announced that Barclays has signed a new private cloud services deal, extending their initial 2021 partnership. HPE GreenLake Cloud will remain a core component of Barclays' hybrid cloud strategy. Over the past 2.5 years, HPE has helped Barclays migrate over 50,000 workloads to their private cloud, with plans to double this in the next three years.

This transition will enable Barclays to decommission legacy systems, free up rack space, and save several MWs of power. The bank aims to reduce technical debt, enhance infrastructure, and increase workload density. Barclays and HPE will focus on exploring innovation opportunities, particularly in leveraging data and emerging technologies, including AI tools for improved customer convenience.

Hewlett Packard Enterprise (NYSE: HPE) has priced its public offering of $1.35 billion in Series C Mandatory Convertible Preferred Stock at $50 per share. The offering includes a 30-day option for underwriters to purchase an additional $150 million in shares. Net proceeds are estimated at $1.32 billion, potentially rising to $1.46 billion if the over-allotment option is exercised. HPE plans to use the funds primarily for its pending acquisition of Juniper Networks. The preferred stock will automatically convert to common stock on September 1, 2027, with a conversion rate between 2.5352 and 3.1056 shares of common stock per preferred share. The stock offers a 7.625% annual dividend rate, payable quarterly starting December 1, 2024.

Hewlett Packard Enterprise (NYSE: HPE) has announced a proposed public offering of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock, with an additional $150 million (3 million shares) option for underwriters. The offering aims to fund the pending acquisition of Juniper Networks and related expenses. Each preferred stock share will have a $50 liquidation preference and automatically convert to common stock around September 1, 2027. HPE plans to list the preferred stock on the NYSE under the symbol 'HPEPrC'. Citigroup, J.P. Morgan, and Mizuho will act as joint book-running managers for the offering.