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The Best And Worst Technology Company Stocks In 2017

Thirty-two of the 42 of the technology companies on our watch list recorded gains in the price of their publicly traded shares in 2017. Here's a look at who gained and who didn't.

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Hewlett Packard Enterprise

CEO: Meg Whitman

Dec. 30, 2016: $23.14

Dec. 29, 2017: $14.36

Change: -37.94%

Hewlett Packard Enterprise underwent some significant changes in 2017 as the company sought to remake itself. But shareholders, apparently, remained skeptical as HPE's stock declined in 2017 more than any other company on our watch list.

In April, after nearly a year of preparations, HPE spun off its Enterprise Services business, which was then merged with CSC to form DXC Technology, a new systems integration and services leader. And in September HPE completed a year-long process to spin off its enterprise software operations, including its Autonomy, Mercury Interactive and Vertica Systems products, and merge them with Micro Focus under an $8.8 billion deal.

Even as HPE was divesting its services business, it was making a series of acquisitions that strengthened its position in servers and storage. In February HPE acquired SimpliVity for $650 million, instantly boosting its competitive position in the red-hot hyper-converged systems market. In February HPE bought Niara, a startup developer of security analytics and network forensics technology, in a move to boost HPE's Aruba ClearPass network security portfolio. And in April HPE bought Nimble Storage, a developer of leading-edge flash storage systems, for $1.09 billion.

On Nov. 21 HPE announced that Meg Whitman would step down from the CEO post as of Feb. 1 with president Antonio Neri taking over the top job.

For its fiscal 2017 (ended Oct. 31), HPE reported revenue of $28.87 billion, down more than 33 percent from $30.28 billion in fiscal 2016. Net earnings for fiscal 2017 were $344 million compared with $3.16 billion in fiscal 2016.

 
 
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