Hewlett Packard Enterprise shares rise 3.24% premarket after reporting strong Q3 earnings and revenue, driven by high demand in server and networking segments.

Hewlett Packard Enterprise Company rose 3.24% in premarket trading. The company reported fiscal third-quarter net income of $305 million, exceeding Wall Street expectations with earnings of 44 cents per share. Revenue for the period was $9.14 billion, also beating forecasts. The company's strong performance was driven by robust demand in its server and networking segments, particularly for AI-optimized servers. Additionally, HPE's acquisition of Juniper Networks was highlighted as a major milestone contributing to record-breaking revenue and improved profitability.