Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
Hewlett Packard Enterprise: Will Nvidia’s Blackwell Adoption and Juniper Integration Up HPE’s Game Through 2025 & Beyond?
Hewlett Packard Enterprise (HPE) closed FY24 with record Q4 revenue of $8.5B (+15% YoY), surpassing expectations by $200M, alongside $1.5B in free cash flow and non-GAAP EPS of $0.58. Key growth drivers included AI systems revenue reaching $1.5B for the quarter and Hybrid Cloud surging 18% YoY, anchored by GreenLake and Alletra Storage MP adoption. While Intelligent Edge faced 20% YoY revenue declines due to campus switching softness, double-digit growth in data center networking orders signals early recovery. HPE’s focus on innovation, evidenced by the launch of Private Cloud AI and direct liquid cooling systems, positions it well for enterprise AI adoption. The pending Juniper Networks acquisition, expected to expand HPE’s TAM to $135B, represents a strategic lever for long-term growth, enhancing its networking portfolio to support AI workloads. Despite Q4 gross margin compression (-390 bps YoY) from AI pricing dynamics, improving Hybrid Cloud mix and the post-quarter rebound of the AI backlog to $3.5B signal resilience. Challenges include backlog volatility, Juniper integration risks, and near-term macro pressures. The strategic question remains: Can HPE sustain hybrid cloud momentum, effectively integrate Juniper, and capitalize on Nvidia’s Blackwell adoption to drive its multi-year growth trajectory and unlock valuation upside?
