10 Best Most Active Stocks To Invest In Now

7. Hewlett Packard Enterprise Co. (NYSE:HPE)

Volume: 10.697 million

Average Volume (3-Month): 15.127 million

Number of Hedge Fund Holders: 58

Hewlett Packard Enterprise Co. (NYSE:HPE) is a multinational information technology company that sells hardware, software, and related business services, specializing in hybrid IT, helping customers manage their IT infrastructure across on-premises, cloud, and edge environments. It provides servers, storage, networking, software, and consulting services to help businesses modernize their IT operations.

The company reported a 10.11% year-over-year revenue increase in FQ3 2024, primarily due to its AI system conversions, alongside improved profitability. The company’s Server segment grew by 35.1% year-over-year, making up 10% of the total revenue. Revenue from traditional server business also climbed.

Customer demand for HPE AI systems rose sequentially, with opportunities increasing in both enterprise and sovereign AI clouds. AI system orders climbed $1.6 billion in the quarter to a cumulative $6.2 billion since Q1 2023.

The results demonstrate the company’s progress in executing its edge-to-cloud strategy across networking, hybrid cloud, and AI. Recent acquisitions and partnerships, such as with Aruba Networks, enhance its network and cybersecurity capabilities. It expanded its networking business with the pending acquisition of Juniper Networks. This acquisition will accelerate its edge-to-cloud vision.

It is strategically focusing on hybrid cloud solutions, with its GreenLake platform gaining popularity as businesses seek more flexibility in managing workloads. Significant innovation throughout the portfolio has enhanced its relevance to customers and positioned the company to continue delivering profitable growth for shareholders.