# HPE just doubled its networking business overnight — ride the momentum in networking stocks

_AI-generated trading idea · LONG · ANET, CIEN, HPE_

> Canonical page: https://commonquant.ai/research/for-you/hpe-just-doubled-its-networking-business-overnight-ride-the--45ef5610-93f7-4b88-9c4c-5f6a3ca939e7

Hewlett Packard Enterprise just reported its best earnings surprise since 2018, and the stock jumped 30%. The standout number: networking revenue more than doubled, up 148% from a year ago.

## Idea

HPE just stunned Wall Street with its biggest earnings beat in eight years, driven by a 148% explosion in networking revenue. That kind of growth doesn't happen in a vacuum — it signals that the AI data-center buildout is spilling over into networking equipment, not just chips. When a legacy tech name re-rates this dramatically, it often keeps running as analysts scramble to upgrade their price targets and late buyers pile in. The spillover could also lift pure-play networking stocks like Arista and Ciena, which haven't moved as aggressively yet.

## Key details

- Symbols: ANET, CIEN, HPE
- Timeframes: 1D
- Tags: \#earnings\_momentum, \#networking, \#AI\_infrastructure

## Community

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## News sources

- [HPE skyrockets 30% on biggest earnings beat since 2018](https://www.cnbc.com/2026/06/01/hpe-stock-earnings-q2.html) — CNBC
- [HPE's stock soars toward record gain as earnings show a networking bonanza](https://www.marketwatch.com/story/hpes-stock-soars-toward-record-gain-as-earnings-show-a-networking-bonanza-2bde2d3a?mod=mw_rss_topstories) — MarketWatch

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