Hewlett Packard Enterprise Co HPE 0.52% shares are up 2.14 percent after the company reported Q4 revenue of $12.5 billion on EPS of $0.61. The revenue number fell short of Wall Street’s $12.85 estimate, but EPS was a slight beat versus expectations of $0.60.
According to Global Equities Research analyst Trip Chowdhry, Hewlett Packard’s earnings beat and forward guidance mean “nothing.”
Chowdhry believes the company will inevitably fall victim to competition from Amazon.com, Inc. AMZN 1.74%, Microsoft Corporation MSFT 0.13% and other competitors in the era of “SuperClouds.”
“Investors are having a false hope for a miracle to happen in HPE, but sadly we don’t see any recovery in the business,” Chowdhry explained.
He pointed out that the turnaround efforts of Hewlett Packard’s current management have been underway for five years, and the company has made very little progress.
“HPE has zero chance of even remaining relevant in the era of SuperClouds,” Chowdhry concluded.
Citi analyst Jim Suva sees…
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