HPE raises Networking growth outlook and Juniper synergy target
Filed with the SEC on · Summarized by InvestorsBot
HPE raised its fiscal 2027 Networking revenue growth outlook to high-teens to low-20s percent and expects operating margins in the mid-to-high 20s range. It also increased its Juniper Networks cost-synergy target to $800 million in annual run-rate savings by the end of fiscal 2028, from at least $600 million previously, and announced a $1.2 billion order from Vultr for AMD Helios AI Rack by HPE systems.