On Monday, Shares of Hewlett Packard Enterprise Co (NYSE:HPE), SUBTRACT -1.21% and closed at $21.27 in the last trading session. HPE stock opened its last trade at $21.50 and after floating in a range of $21.21 to $21.71. The company’s Market capitalization is $35.05 Billion with the total Outstanding Shares of 1.67 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $11.62 and reached to max level of $23.53. Hewlett Packard Enterprise ( NYSE : HPE ) recently introduced the HPE Adaptive Backup and Recovery Suite, an integrated suite that uses operational and file analytics to automate and streamline data protection. Delivering on its vision to bring information insight into the end-to-end backup and recovery process, the suite combines HPE Storage Optimizer, HPE Data Protector and HPE Backup Navigator with modern information optimization, analytics, and protection tools to efficiently safeguard and backup enterprise data across disparate repositories and locations.
Traditional data protection and administration tools present noteworthychallenges to IT departments because of their inability to handle growing volumes of data, new waves of diverse applications, and new data protection rules such as the General Data Protection Regulation (GDPR). According to International Data Corporation (IDC), “keeping data safe, available and well managed is of paramount importance for successful digital transformation.”1 IDC continues, “enterprises must rethink their data protection strategies and update them with solutions fit to overcome new age data complexities.”2
Coty Inc (NYSE:COTY), jumped 0.21% and closed at $23.39 in the last trading session. COTY stock opened its last trade at $23.45 and after floating in a range of $23.31 to $23.58. The company’s Market capitalization is $17.35 Billion with the total Outstanding Shares of 74.01 Million. During the 52-week trading session the minimum price at which share price traded, registered at $21.48 and reached to max level of $31.60. Coty Inc. (COTY) declared recently that it has reached a definitive agreement to acquire ghd a premium brand in high-end hairstyling appliances from Lion Capital LLP for about ₤420 million (ca.USD$510 million) in cash. The transaction will be funded with a combination of cash on hand and available debt facilities. Upon closing, the acquisition is expected to be right away accretive to Coty’s earnings.
The addition of ghd’s market-leading and high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances is expected to further strengthen Coty’s worldwide leading position in the professional hair category. ghd products represent the top of the range in its category, attracting strong loyalty with both professionals and consumers. ghd’s products are known for unsurpassed quality, beautiful design and excellent performance, and will facilitate Coty to offer salon partners and their clients an improved and more premium range of hair solutions. Coty also aims to accelerate ghd’s strong track record of growth through its channel and category capabilities combined with ghd’s strong innovation pipeline, superior technology and robust technical expertise.
ghd, which stands for “Good Hair Day,” generated ₤178 million in revenues in fiscal year 2016. ghd is headquartered in London and has commercial operations in the United Kingdom, Australia, the United States, Germany, France, Spain, Italy and several other markets. The company has been expanding from its core salon channel into premium retail and e-commerce. ghd will become part of the Coty Professional Beauty division, where it will be managed as a standalone business led by its current CEO Anthony Davey and administration team. Anthony Davey will report to Sylvie Moreau, President of Coty Professional Beauty.