Positive context积极背景
Stocks股票 / Tech / HPE
Hewlett Packard Enterprise · Tech
HPE US listed · USD美股 · 美元
The Hewlett Packard Enterprise Company (HPE) is an American multinational information technology company based in Spring, Texas. It is a business-focused organization which works in servers, storage, networking, AI, containerization software and consulting and support.慧与公司（HPE）是一家美国跨国信息技术公司，总部位于德克萨斯州斯普林。它是一家专注于业务的组织，业务涵盖服务器、存储、网络、人工智能、容器化软件以及咨询和支持。
Large cap大盘 · $84B
Tech
Distressed困境股
$62.94
-$0.58 · -0.91%
52w low52周低 $19.31high高 $65.49
Extended — wait for a pullback过度拉伸 — 等待回撤
The low is already in and price has run. Wait for a pullback; hold if you're long.低点已经形成、价格已经拉升。等待回调再入场；若已持有可继续持有。
As of 2026-09-28截至 2026-09-28
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-28
Momentum (RSI 14)动量（RSI 14）
61
Elevated偏高
vs 50-day average相对50日均线
+16.8% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+75.7% above上方
Long trend up长期向上
Volatility波动率
90th percentile第90百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being raised — 15 analysts预期上调 — 15 位分析师
Beat in 3 of last 4 quarters近 4 季中 3 季超预期
Post-earnings drift: -18.0% (20d)财报后漂移：-18.0%（20日）
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 16.9%
Valuation估值
Roughly fair vs sector相对行业估值合理| Multiple指标 | HPE | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 1467.41x | 41.39 | |
| P/B市净率 | 3.38x | 5.73 | |
| P/S市销率 | 2.44x | 4.81 | |
| Earnings yield盈利收益率 | 0.07% | 1.96 | |
| FCF yield自由现金流收益率 | 0.75% | 3.03 | |
| Shareholder yield股东收益率 | 1.06% | 2.05 | |
| EV/EBITDA企业价值/EBITDA | 44.96x | 27.85 | |
| P/FCF市值/自由现金流 | 133.40x | 29.43 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$34.3B2025
20202025
5-yr growth5年复合增速 4.9%
Earnings per share每股收益
$-0.042025
20202025
Free cash flow自由现金流
$627.0M2025
20202025
Operating margin营业利润率
-1.3%
Net margin净利率
0.2%
FCF margin自由现金流利润率
8.5%
Balance-sheet quality财务体质 4/8
Bankruptcy risk: distress zone破产风险：警戒区
Return on equity股本回报率 0%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA8.60
Current ratio流动比率1.01
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$202.0M
Stock-based comp股权薪酬$643.0M
Share count change (1y)股数变化（1年）+1.2%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-10-31, it reported $3.8B due — about 18% of its disclosed principal.在财年期末 2025-10-31 之后12个月的区间内，已披露到期本金为 $3.8B，约占其披露本金的 18%。
All maturity buckets are measured from fiscal period end 2025-10-31, not from today.所有到期区间均从财年期末 2025-10-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$3.8B
Year 2第2年
$3.1B
Year 3第3年
$3.8B
Year 4第4年
$2.4B
Year 5第5年
$404.0M
After year 55年以后
$8.2B
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001645590-25-000130, period ending报告期截至 2025-10-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-26T08:02:41.825982+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Technology (Equal-Weight) theme — #4 of 49 themes「信息技术（等权）」主题 — 49 个主题中第 4 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
UPTREND → BOTTOMING上涨趋势 → 筑底中
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±4.01%
Expected weekly move预期周波动
±8.98%
25d risk reversal25d风险逆转
6.2%
Flow:资金流向： $42M premium traded; 0% 0DTE; 80 fresh positions; P/C 0.56; net new CALL positioning (bullish lean) (ΔOI +21,170); ~leans bearish/hedging (direction approx)成交权利金 $42M；0DTE占0%；80个新建仓；看跌看涨比 0.56；净新增看涨持仓（偏多）（ΔOI +21,170）；≈偏看跌/对冲（方向近似）
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$20.4M net (0 buyers, 7 sellers)-$20.4M 净值（0 买家，7 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Elliott Investment Management | D | Adding加仓 | 6.4% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS. A daily bottoming setup did fire (swing low in, momentum turned up), but it's LATE — price is already extended above the cycle low (formed ~17 day(s) ago @ 50.74) and momentum is fading — the daily momentum is already rolling over. A momentum cross is a LAGGING confirmation: after a vertical run it only triggers once the move is mature, so the bottoming entry has already passed. This is a chase, not a fresh buy止盈。日线筑底形态确实已经触发（摆动低点出现、动量转向上行），但为时已晚——价格已显著高于周期低点（约 17 天前形成 @ 50.74）且动量正在衰竭——日线动量已开始掉头向下。动量交叉属于滞后确认：在垂直拉升之后，只有当走势已经成熟时才会触发，因此筑底入场早已错过。这是追高，而非新的买入
Sep 23, 2026
UPTREND → BOTTOMING上涨趋势 → 筑底中
BUY SETUP买入预备
Sep 23, 2026
HPE made a new 52-week highHPE 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $62.33.价格创出52周新高 — 全市场关注的动量/趋势极值。$62.33。
Sep 21, 2026
BOTTOMING → UPTREND筑底中 → 上涨趋势
HOLD持有
Sep 16, 2026
UNCONFIRMED TURN → BOTTOMING未确认转向 → 筑底中
BUY SETUP买入预备
Sep 15, 2026
HPE took relative-strength leadershipHPE 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $55.74.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$55.74。
Sep 11, 2026
HPE made a new 52-week highHPE 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $61.93.价格创出52周新高 — 全市场关注的动量/趋势极值。$61.93。
Sep 9, 2026
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 9, 2026
HPE daily MACD crossed upHPE 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $58.75.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$58.75。
Sep 8, 2026
UNCONFIRMED TURN → NEARING A HIGH未确认转向 → 接近高点
TAKE PROFITS止盈
Sep 8, 2026
HPE took relative-strength leadershipHPE 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $55.89.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$55.89。
Showing the last 15 of显示最近15条，共 137 signals条信号
Company profile公司档案
The Hewlett Packard Enterprise Company (HPE) is an American multinational information technology company based in Spring, Texas. It is a business-focused organization which works in servers, storage, networking, AI, containerization software and consulting and support.慧与公司（HPE）是一家美国跨国信息技术公司，总部位于德克萨斯州斯普林。它是一家专注于业务的组织，业务涵盖服务器、存储、网络、人工智能、容器化软件以及咨询和支持。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Receivables stretch
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 1467.4× | 41.4× | 1% |
| Price / Book市净率 | 3.4× | 5.7× | 70% |
| Price / Sales市销率 | 2.4× | 4.8× | 73% |
| EV / EBITDAEV/EBITDA | 45.0× | 27.9× | 34% |
| Earnings yield盈利收益率 | 0.1% | 2.0% | 16% |
| Free-cash-flow yield自由现金流收益率 | 3.5% | 3.8% | 44% |
| Shareholder yield股东综合回报率 | 1.1% | 2.0% | 33% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
95/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
96/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
98/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
97/100 — stronger than most强于多数
Rank in sector行业内排名
#18 / 221
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +3.6% | +1.3% |
| 1 Month近1月 | +14.2% | +0.9% |
| 3 Months近3月 | +44.0% | +6.1% |
| 6 Months近6月 | +162.9% | +22.3% |
| Year to date年初至今 | +162.1% | +13.8% |
| 1 Year近1年 | +163.2% | +18.5% |
Trading information交易信息
Beta vs market贝塔
2.05
Volatility rank波动率分位
90th pctile
Short interest空头占比
4.2% of float
Market cap市值
$84B
EPS (trailing)每股收益
$0.04
Off 52-week high距52周高点
-0.9%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $27.0B | $27.8B | $28.5B | $29.1B | $30.1B | $34.3B |
| EPS每股收益 | $-0.25 | $2.58 | $0.66 | $1.54 | $1.93 | $-0.04 |
| Free cash flow自由现金流 | $-143M | $3.4B | $1.5B | $1.6B | $2.0B | $627M |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | -1.2% | 12.3% | 3.0% | 7.0% | 8.6% | 0.2% |
| FCF margin自由现金流利润率 | -0.5% | 12.1% | 5.2% | 5.5% | 6.6% | 1.8% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$34.3B
Net income净利润
$57M
Operating cash flow经营现金流
$2.9B
Total assets总资产
$75.8B
Shareholder equity股东权益
$24.8B
Long-term debt长期负债
$17.7B
Dividends paid股息支出
$684M
Buybacks股票回购
$202M
Shares outstanding总股本
1.33B
Returns & growth回报与增长
Return on equity股本回报率
0.2%
Return on assets资产回报率
0.1%
Debt / assets负债/资产
23.4%
Profit growth利润增速
-97.8%
Asset growth资产增速
+7.7%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: inventory +138% vs sales +27%; receivables +56% vs sales +27% — demand & revenue-quality risk营运资本：存货 +138% 对销售 +27%；应收 +56% 对销售 +27%——需求与营收质量风险
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
- Balance sheet: Altman Z 1.37 — distress zone资产负债表：Altman Z 1.37——困境区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
61
RSI (2-day)RSI（2日）
61
vs 20-day average相对20日均线
+9.9%
vs 50-day average相对50日均线
+16.8%
vs 200-day average相对200日均线
+75.7%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up — fresh upturn动能向上——刚刚转强
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
87/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Apr 2026 | $0.67 | $0.44 | +52.3% |
| Jan 2026 | $0.54 | $0.49 | +10.2% |
| Oct 2025 | $0.54 | $0.50 | +8.0% |
| Jul 2025 | $0.35 | $0.36 | -2.8% |
Estimate revisions预期修正
Analysts covering覆盖分析师
15
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+13.8%
Net upgrades, 30 days净上调（30天）
+15
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$70
Put wall看跌期权墙
$56
Upside magnet上方磁吸位
$65
Downside magnet下方磁吸位
$60
Net dealer gamma做市商净伽玛
+$0.0B
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
+6.2%
Call-put IV spread看涨-看跌IV价差
+0.0pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Elliott Investment Management | D | Adding增持 | 6.4% | $1.5B |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
1 : 0
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 9, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 1240.8, 'from_period': '2024-06-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2024-08-15', 'holders_series': [1, 1, 1, 1, 2, 2, 2, 1, 1]}{'direction': 'accumulating', 'n_quarters': 9, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 1240.8, 'from_period': '2024-06-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2024-08-15', 'holders_series': [1, 1, 1, 1, 2, 2, 2, 1, 1]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$20.4M
Insider buyers vs sellers内部人买家vs卖家
0 : 7
Short interest空头占流通盘
4.2%
Days to cover回补天数
1.6
Short interest change空头变化
+1.2%
Recent fund flows近期基金流向
Global X Data Center & Digital InfraGlobal X Data Center & Digital Infra
accumulating持续增持
Roundhill Generative AI & TechRoundhill Generative AI & Tech
trimming减持
First Trust Cloud ComputingFirst Trust Cloud Computing
trimming减持
Global X AI & TechnologyGlobal X AI & Technology
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。