Hewlett Packard Enterprise (HPE) has launched a new 5G software solution, HPE 5G Automated Assurance, and a new 5G capability for HPE Service Director. Both solutions together will simplify the management of 5G networks and minimize deployment risks through a zero-touch, closed-loop system.
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Shares of the leading IT company have jumped 66% over the past year. (See Hewlett Packard Enterprise stock chart on TipRanks)
The software is pre-integrated with HPE’s open 5G Core Stack solutions, and both solutions will be available globally in October 2021.
Domenico Convertino, VP of Product Management at HPE Communications Technology Group, commented, “HPE has developed fully-integrated automation capabilities that de-risk 5G deployments and maximize business returns for network operators. Building on our leadership in telco cloud, operations support systems, and orchestration, we are introducing an integrated offering that accelerates automation in the industry.”
Raymond James analyst Simon Leopold recently maintained a Buy rating on the stock.
Overall, the stock has a Hold consensus rating based on 4 Buys, 7 Holds and 2 Sells. The average analyst Hewlett Packard price target of $16.33 implies 12.4% upside potential from current levels.
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