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Hewlett Packard (HPE) Soars: Stock Adds 10.5% in Session

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Hewlett Packard Enterprise Company (HPE - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $15.04 to $16.97 in the past one month time frame.

The move came after the company reported better-than-expected first-quarter fiscal 2018 results and provided an encouraging outlook.

The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Hewlett Packard. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Hewlett Packard currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the Computer - Integrated Systems industry may consider FARO Technologies, Inc. (FARO - Free Report) ,which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HPE going up? Or down? Predict to see what others think:Up or Down

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