Financial Digest

Hewlett Packard Enterprise and HP under pressure after disappointing results, as Ambarella also slides

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The biggest movers in premarket trading on Wednesday were Hewlett Packard Enterprise and HP and Ambarella.

Shares of Twilio Inc. TWLO rose 3.6% in premarket trading after The Information reported that an activist investor with a stake in the software company was pressing it to shake up its board and think about possible divestitures.Shares of Twilio Inc. TWLO rose 3.6% in premarket trading after The Information reported that an activist investor with a stake in the software company was pressing it to shake up its board and think about possible divestitures.Ambarella Inc.

Hewlett Packard Enterprise Co.’s stock HPE slid 7.8% following soft quarterly sales and guidance. The company, like HP, is hyping its AI products and services as a major source of future revenue. HP Inc.’s stock HPQ slumped 4.7% after the venerable PC and printer giant posted further declines in revenue for both major products.

 

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