|Bid||16.34 x 900|
|Ask||16.35 x 800|
|Day's Range||16.21 - 16.59|
|52 Week Range||15.93 - 25.72|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||5.99|
|Earnings Date||Nov 27, 2019 - Dec 2, 2019|
|Forward Dividend & Yield||0.64 (4.00%)|
|1y Target Est||19.27|
Though CPU shortages are still an issue for the PC industry, an uptick in business PC demand is helping out a number of firms.
We at Insider Monkey have gone over 730 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of June 28th. In this article, we look at what those funds think of HP Inc. (NYSE:HPQ) based on that data. […]
Delivers educational content, technology, multimedia assets, activities and lesson plans to students and teachers. Builds on HP’s global commitment to enable better learning outcomes for 100 million people by 2025. Expands existing partnership with Girl Rising with the joint mission to change the way the world thinks about girls and education.
Deloitte auditors had a “oneness” with Autonomy executives including founder Mike Lynch that led to a misleading picture of the technology group’s financial position, regulators have claimed. The Financial Reporting Council said Richard Knights, the former Deloitte partner in charge of auditing Autonomy, “consciously lost his objectivity” during a five-year relationship with the FTSE 100 company, and was “reckless” and “seriously misleading” in reports to regulators. The FRC’s comments came on the first day of an eight-week tribunal on Thursday in which it is bringing disciplinary proceedings against Deloitte, Mr Knights and ex-partner Nigel Mercer over alleged misconduct in their audits of Autonomy between 2009 and 2011.
HP stock dropped around 2% on Thursday after Goldman Sachs turned bearish on it. Among the 17 analysts covering HP, only one analyst gave it a “buy” rating.
Global PC shipments grow for a second quarter in a row, even as the industry struggled with supply issues, according to trade research data Thursday.
(Bloomberg) -- Worldwide shipments of personal computers increased 1.1% in the third quarter from a year earlier, fueled by companies upgrading to Microsoft Corp.’s latest Windows software.PC shipments climbed to 68 million units in the period that ended Sept. 30, researcher Gartner Inc. said Thursday in a report. Lenovo Group Ltd., the China-based owner of the ThinkPad lineup of professional devices, held almost 25% of the global market, widening its lead against U.S. rival HP Inc.Computer makers have been concerned by the U.S.-China trade war and Intel Corp.’s chip shortage, but Mikako Kitagawa, a Gartner analyst, said neither played a major role in the third-quarter shipments. “The Windows 10 refresh cycle continued to be the primary driver for growth across all regions,” she said in a statement.HP, the global No. 2, continues to be the largest PC vendor in the U.S. The company has sought customers seeking more expensive machines, such as gaming enthusiasts, to boost profit margins. Dell Technologies Inc., which focuses on selling corporate PCs, rounded out the global top three while Apple Inc. held the fourth spot with 7.5% of the worldwide market.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Enterprise spending will continue to “deteriorate,” according to Goldman Sachs, and that could pose problems for several large tech stocks.
Goldman Sachs analyst Rod Hall downgraded shares of HP Inc. to sell from neutral on Thursday, writing that he expects a "substantially tougher environment" ahead next year as the company sees PC tailwinds reverse and tries to change up its printing strategy to combat a rise in counterfeit supplies. Shares are off 2.4% in premarket trading Thursday. "While consumer PCs have been weak, this has been masked by strength in commercial PCs driven in part by the Windows 10 migration cycle which we expect to fade in 2020, particularly in [the second half]," Hall wrote. "Further, we see significant risk to printing profits as the supplies business continues to deteriorate." He lowered his price target to $14 from $18. The stock has lost 20% over the past three months, while the S&P 500 has risen 2.5%. Hall also turned bearish on NetApp Inc.'s stock Thursday and downgraded Cisco shares to neutral from buy.
HP shares traded lower Thursday after analysts at Goldman Sachs lowered their rating on the stock, and cut their price target, citing a "substantially tougher" business environment in 2020.
The technology contract will provide computers and hardware to the Navy and Marine Corps, either through outright acquisitions or by leasing them as a service.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Two American consumer electronics companies said this week that they’re looking to shift manufacturing away from China and into other countries, citing pressures from import tariffs on their products amid the trade war.Fitbit Inc. said on Wednesday that it would stop Chinese manufacturing of its health trackers and smartwatches by January. Tile Inc. said it’s also considering plans to make its Bluetooth-enabled location trackers in other countries, after the company was hit with tariffs last month.“The biggest challenge for a company like Tile is our ability to plan for shifting changes in U.S. policy toward China,” said Chief Executive Officer CJ Prober. “With recent impacts, we are looking at other regions.”Tile on Tuesday added a new sticker to its lineup of tracking devices that help customers keep tabs on keys, wallets and the like, and raised $45 million in funding in its last round of funding earlier this year. The gadget maker does the majority of its manufacturing in China, but as the U.S.-China trade war has escalated, it’s now considering Mexico, Malaysia, Vietnam and “possibly the U.S.” as future manufacturing hubs, Prober said.“We are re-evaluating our entire supply chain and how we do what and where,” he said, adding that in recent weeks, Tile had dedicated an “entire team” to the task of traveling to different cities and evaluating manufacturing facilities. In a sign of concern from investors about the potential costs of relocating these operations, shares of San Francisco-based Fitbit fell as much as 2% Wednesday after announcing the move from China.Several U.S. companies, long accustomed to using China as a manufacturing base, are now looking to reduce their exposure to the country. Last year, GoPro Inc. announced it would move much of its U.S.-bound camera production out of China to avoid potential tariffs, and has largely accomplished that goal, according to a spokesman. In August, HP Inc.’s laptop maker Inventec Corp. said it will shift production of notebooks for the U.S. market away from China. Apple Inc. has been doing battle with the White House over requests to get the iPhone and other products off the list of Chinese-made goods slated to be hit with tariffs on Dec. 15.The latest $300 billion round of duties will impact essentially all remaining Chinese imports—with some exceptions, though details around which imports will be exempted are still unclear. Trade policy between the world’s two largest economies is still in flux. Chinese Vice Premier Liu He is set to visit the U.S. this week for further trade talks.“We are supportive of the overall policy” of the U.S. in its negotiations with China, Tile’s Prober said. But “what’s been challenging is the implementation of that policy.” The company “only got a few weeks’ notice” that its products would be subject to new tariffs before they went into effect in September, he said. (Updates with Fitbit news in the second paragraph.)To contact the author of this story: Candy Cheng in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Anne VanderMey at email@example.com, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Stratasys' (SSYS) new 3D printer is especially beneficial for medical device companies, which require new ways to drive faster adoption of technologies and procedures.
Advanced Micro Devices, Inc. (NASDAQ: AMD ) announced a new lineup of graphics cards Monday: the RX 5500 series graphics products using the RDNA gaming architecture to deliver high-performance, high-fidelity ...
HP Inc. is embarking on yet another massive restructuring, with plans to lay off 7,000 to 9,000 employees over the next three years, as its biggest profit generator, printing, continues to reel from soft demand pressures and cheaper copycat printing supplies.
HP Inc. on Thursday announced a major restructuring that will eliminate 7,000 to 9,000 jobs over the next three years as part of a series of moves to transform the computing giant into a software and services powerhouse.
News highlights: Sanitizable keyboards and touch-enabled control panels through nitrile, latex and surgical gloves help prevent the spread of infection1Certified printers.
For Jackie Rafferty, operations manager at Hewlett Packard Enterprise’s Technology Renewal Centre just outside Glasgow, there was satisfaction in finally finding a home for some vintage tech that can still fetch top dollar. It shares the spoils of reselling customers’ redundant equipment, providing them with the cash to buy new kit from it and strengthening the understanding of its sales teams on when and where a customer who leases or buys will upgrade.
HP Inc (NYSE: HPQ) tumbled 9.5% on Friday after the company announced an aggressive round of layoffs. On Friday, Benzinga Pro subscribers received eight option alerts related to unusually large trades of HP options. At 10:41 a.m., a trader sold 602 HP put options with an $18 strike price expiring on Oct. 11 near the bid price at $1.461.