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      HPE experienced a significant premarket rise

      By Hasnain R

      Published on

      June 6, 2024

      7:13 AM UTC

      HPE experienced a significant premarket rise

      Hewlett Packard Enterprise Co. (NYSE: HPE) experienced a significant premarket rise, with its shares reaching $20.38—an increase of 15.8%, backed by a substantial trade volume of 2.74 million shares. This surge in HPE’s market value corresponds with the recent announcement of Blue Diamond Growers, a leading U.S. almond producer, opting for HPE Aruba Networking’s sophisticated Wi-Fi 6E technology to revamp their wireless infrastructure.

      Announced on June 5, 2024, Blue Diamond Growers is set to significantly enhance operational efficiency across its expansive California-based facilities. These facilities process roughly a billion pounds of almonds annually and the upgrade covers an area of over 3.3 million square feet, including a 40-acre outdoor crop reception space. This ambitious project is poised to fundamentally transform the cooperative’s extensive production operations.

      The newly implemented technology from HPE is designed to dramatically improve connectivity for mobile and IoT devices crucial for daily operations at Blue Diamond. From receiving raw materials to shipping final products, the integration of scanners, tablets, and label printers with the cooperative’s cloud-enabled ERP system ensures seamless management of extensive resources.

      Moreover, the upgraded network boasts AI-enhanced capabilities that have reportedly improved troubleshooting efficiency by 50%, marking a leap in operational productivity and reliability. This supports Blue Diamond’s dedication to maintaining the utmost quality, taste, and freshness of their products, reinforcing their position as a market leader since 1910.

      In adopting HPE Aruba Networking’s Wi-Fi 6E Access Points, Blue Diamond is moving towards a more modern and cost-efficient network solution. The system includes rugged outdoor Wi-Fi 6 APs to ensure robust external connectivity managed through HPE Aruba Networking Central, which simplifies administrative procedures.

      Prior to this overhaul, Blue Diamond had already achieved annual savings exceeding $250,000 by transitioning from Multiprotocol Label Switching (MPLS) to HPE Aruba Networking EdgeConnect SD-WAN. This change laid the groundwork for a solid zero trust and secure access service edge (SASE) cybersecurity framework and optimized WAN connectivity.

      This strategic alliance with Hewlett Packard Enterprise showcases Blue Diamond Growers’ commitment to adopting cutting-edge technology solutions that address the dynamic demands of today’s agribusiness, ultimately boosting investor confidence and enhancing HPE’s stature in the stock market.

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