Hewlett Packard Enterprise Falls As Buyback Disappoints Bulls

Hewlett Packard Enterprise (HPE) sold off shares Thursday after the company's stock buyback plans for fiscal 2018 disappointed some investors.

XAutoplay: On | OffIn fiscal 2018, which starts in November, HPE said it expects to buy back $2 billion of its own shares and up dividends by $500 million.

"Share repurchases may be lower than bullish investor expectations," said Mark Moskowitz, a Barclays analyst in a report.

Tim Long, analyst at BMO Capital Markets, also says some investors may...

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