|Bid||12.75 x 800|
|Ask||12.80 x 1400|
|Day's Range||12.69 - 13.28|
|52 Week Range||12.09 - 17.59|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||63.12|
|Earnings Date||Aug 27, 2019|
|Forward Dividend & Yield||0.45 (3.44%)|
|1y Target Est||16.70|
Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded to new tariffs from China with a tweet saying he's demanding that American companies "immediately start looking for an alternative to China."
(Bloomberg) -- HP Inc. said Chief Executive Officer Dion Weisler is leaving the company to attend to a family health matter. Enrique Lores, head of the printing business, will take over and is already looking to make changes at the world’s second-largest personal computer maker.Lores, 54, has been working with HP’s board on a "comprehensive global review of the company’s strategy and business operations” over the past year, according to a statement. He will share some of his conclusions and plans on Oct. 3 at a company event."The need for us to keep reinventing is more important than ever," Lores said. "I have great confidence in the direction we’re going to be taking on the company."HP shares fell in after-hours trading on concern HP’s profitable supplies business is still struggling. Toner and cartridge sales have been crimped by third-party suppliers, particularly in China, that sell cheaper alternatives."Clearly printing is under pressure," said Shannon Cross, an analyst at Cross Research. "The question is how much of this is inventory and how much of this in an ongoing secular challenge?"The change in leadership should be seamless and it will help to have a representative from the printer unit running the whole company and making that business a priority, Cross added.HP has been trying to transform itself in the midst of a stagnant PC market and a printer business that faces an uncertain digital future in which offices use less paper. The company has tried to sell more expensive computers and sign up customers for subscriptions.Born in Madrid, Lores is currently head of the the Imaging, Printing and Solutions business. In the latest fiscal quarter, sales from this division fell 5%, including a 7% drop in printer supplies, highlighting the challenges Lores is taking on.HP shares fell 6% in extended trading, after closing at $18.93 in New York. The stock is down about 8% so far this year.Printer supplies revenue was worse than the company expected, Weisler said on a conference call with analysts. The unit’s performance was hurt by changes in company leadership outside of the U.S. and a weaker economy, he explained. Supplies revenue won’t grow next year and the printer market will remain "soft," Chief Financial Officer Steve Fieler said on the call. Investors will see his successor take "significant" action to reduce the company’s cost structure, Weisler told analysts. A 30-year veteran, Lores worked his way up from an engineering intern position to roles that included running the office that managed the split from Hewlett Packard Enterprise in 2015. He’s been instrumental in improving the company’s cost structure and organization which has helped profitability, the company said. He becomes CEO officially on Nov. 1.Lores also held senior roles in the commercial PC business and in sales. He led the 2017 acquisition of Samsung Electronics Co.’s printer business.Weisler, 52, took over when the split with HPE became official on Nov. 1, 2015. Since the start of trading on Nov. 2, HP shares have gained 55%, outperforming the S&P 500 index. Revenue has climbed 19%.“There were many that doubted us,” he said in an interview. “We’ve reinvigorated and reinvented this company.”He declined to give details of his family situation but said he needs to move back to his home country of Australia. “I really need to go and tend to that,” Weisler said.(Updates with comments from conference call in 10th paragraph.)To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Enrique Lores, a 30-year HP veteran and the president of the Palo Alto information technology company’s Imaging, Printing and Solutions business, has been unanimously appointed the next CEO starting Nov. 1.
The new supercomputer is called "Aitken," named after American astronomerRobert Grant Aitken, and it can run simulations at up to 3
Hewlett Packard Enterprise (HPE) is down 0.4% YTD, lagging the S&P 500's 14.3% gain. For such an established company, the stock has seen a lot of movement in the past year.
Aruba, a Hewlett Packard Enterprise company (HPE), today announced that it is positioned as the only company in the Leaders category by Forrester Research, Inc. as part of The Forrester New Wave™: Wireless Solutions, Q3 2019 report. In the Forrester New Wave™ for Wireless Solutions, Forrester evaluates the emerging market for wireless solutions, identifying the eight most significant vendors in this space.
Hewlett Packard's (HPE) Q3 fiscal 2019 results are likely to benefit from the growing momentum in Value Compute portfolio. However, a fall in the tier-1 server shipments is a downside.
In this article we are going to estimate the intrinsic value of Hewlett Packard Enterprise Company (NYSE:HPE) by...
Citi analyst Jim Suva cut his estimates on HP, Hewlett Packard Enterprise, and Dell, citing “a more difficult macro backdrop” for enterprise hardware spending.
HP Enterprise (HPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of DXC Technology Co. rallied 4.8% in afternoon trading Monday, after the technology consulting company said it won a $666 million award in its dispute with Hewlett Packard Enterprise Co. . Under terms of the award by an arbitration panel, the $666 million will consist of $631.8 million in damages and $34.3 million in pre-award interest. In addition, the award includes post-award interest at an annual rate of 3%, compounding quarterly, until the award is paid out. Meanwhile, Hewlett Packard Enterprise shares (HPE) rose 2.4%. DXC shares have plunged 40.9% over the past three months and HPE's stock has declined 10.3%, while the SPDR Technology Select Sector ETF has rallied 5.6% and the S&P 500 has tacked on 2.4%.
Cloud networking is the fastest-growing segment in the wireless industry, Extreme CEO Ed Meyercord told the Business Journal on Wednesday, and the San Jose company didn’t have the technology to keep pace before it acquired Aerohive.
The contract is significant as the company prepares to be acquired by HPE, a deal Cray's CEO was hesitant to make.
Hewlett Packard Enterprise will conduct a live audio webcast of its conference call to review its financial results for the third quarter of fiscal 2019, which ended July 31, 2019.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Hewlett Packard Enterprise Company (HPE). On November 8, 2018, a class action gender-based pay discrimination lawsuit was filed against the Company on behalf of a putative class of female employees alleging that the Company systematically underpaid its female employees compared to male employees performing the same or similar work, in violation of the EPA Labor Code, among other things. Recently, the court presiding over the case denied in part the Company’s attempt to have the case dismissed, allowing it to proceed.
Deep integration of HPE and AMD technologies set new standards for performance, efficiency and security vital for enterprise workloads in the cloud and the datacenter
Moody's Investors Service ("Moody's") downgraded Unisys Corp.'s ("Unisys") Speculative Grade Liquidity ("SGL") rating to SGL-3 from SGL-2, changed the outlook to negative, and affirmed other ratings, including the B2 Corporate Family Rating ("CFR"), B1 senior secured rating, and B3 senior unsecured rating. This rating action follows Unisys's announcement of the partial repayment of $129.3 million principal amount of the 5.5% Convertible Senior Notes due March 2021 ("Convertibles") for consideration consisting of cash and newly issued shares.
Hewlett Packard Enterprise announced Monday that it had acquired the business assets of Santa Clara-based MapR, one of several Big Data companies that have struggled since raising large investments several years ago.
(HPE) is acquiring the “business assets” of MapR, a once-promising artificial intelligence and analytics startup. HPE (ticker: HPE) said Monday that the transaction includes MapR’s “technology, intellectual property and domain expertise” in AI and machine learning. The company said it plans to support existing deployments of MapR’s software along with ongoing renewals.
Hewlett Packard Enterprise (HPE) stock fell 6.15% on Friday amid fears that President Trump’s trade war with China could hurt its business.
Hewlett Packard Enterprise (HPE) today announced it has acquired the business assets of MapR, a leading data platform for artificial intelligence and analytics applications powered by scale-out, multi-cloud and multi-protocol file system technology. This transaction includes MapR’s technology, intellectual property, and domain expertise in artificial intelligence and machine learning (AI/ML) and analytics data management. HPE welcomes MapR customers and partners and plans to support existing deployments along with ongoing renewals.
"The ratings affirmation reflects continued strong operating performance and robust liquidity at Mphasis Limited, Marble II's 52.3% owned operating entity and its only investment," says Sweta Patodia, a Moody's Analyst. Mphasis' performance remains in line with Moody's expectation with revenue growth of around 20% and EBITA margins of around 17% for the 12 months ended June 2019. Apart from currency impact, the growth has mainly been driven by new deal wins within the 'Direct International' customer segment that remains the largest contributor to Mphasis' revenues.