Active Tech Stock News: Hewlett Packard Enterprise Company (HPE), Verizon Communications Inc. (VZ)
Hewlett Packard Enterprise Company (HPE) ended last trading session with a change of -0.22 percent. It trades at an average volume of 10.09M shares versus 10.09M shares recorded at the end of last trading session. The share price of $22.32 is at a distance of 46.3 percent from its 52-week low and down -10.29 percent versus its peak. The company has a market cap of $37.32B and currently has 1.67B shares outstanding. The share price is currently -5.04 percent versus its SMA20, -3.83 percent versus its SMA50, and 2.19 percent versus its SMA200. The stock has a weekly performance of -3.25 percent and is -3.54 percent year-to-date as of the recent close.
On Mar 7, 2017 Hewlett Packard Enterprise Company (HPE) announced it has entered into a definitive agreement to acquire Nimble Storage, the San Jose, Calif.-based provider of predictive all-flash and hybrid-flash storage solutions. HPE will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE will assume or pay out Nimble’s unvested equity awards, with a value of approximately $200 million at closing.
Flash storage is a fast-growing market and an increasingly important element of today’s hybrid IT environment. The overall flash market was estimated to be approximately $15 billion in 2016 and is expected to be nearly $20 billion by 2020, with the all-flash segment growing at a nearly 17 percent compound annual growth rate.
Verizon Communications Inc. (VZ) recently recorded 0.24 percent change and currently at $49.47 is 8.67 percent away from its 52-week low and down -10.31 percent versus its peak. It has a past 5-day performance of -1.12 percent and trades at an average volume of 15.52M shares. The stock has a 1-month performance of 1.35 percent and is -6.33 percent year-to-date as of the recent close. There were about 4.08B shares outstanding which made its market cap $201.84B. The share price is currently 0.12 percent versus its SMA20, -1.98 percent versus its SMA50, and -2.66 percent versus its SMA200.
March 13, 2017 — Grab your coats, gloves, hats, batteries, and battery chargers…snow is on the way! With severe weather threatening the Northeast from Washington, DC through New York and New England, Verizon Communications Inc. (VZ) engineers and technicians are busily preparing the network to ensure you can connect when you need to most.
Significant snowfall can affect your ability to get out and about, can cause property damage, and in many cases can cause power outages. Whether we get two inches or two feet of snow, the Verizon networks are ready.