HP Inc. - HPQ STOCK NEWS

HP Inc. has declared a cash dividend of $0.25 per share on its common stock, marking the fourth dividend of fiscal year 2022. This dividend is payable on October 5, 2022, to stockholders who are on record as of the close of business on September 14, 2022. With approximately 1.0 billion shares of common stock outstanding, this distribution reflects HP's commitment to returning value to its shareholders while supporting its technology portfolio.

HP Inc. (NYSE: HPQ) has announced a public offering of $2.0 billion in senior unsecured notes. This includes $900 million in 4.750% notes maturing in 2028 and $1.1 billion in 5.500% notes maturing in 2033. The proceeds will be used to finance the upcoming acquisition of Plantronics, Inc. (Poly), repay Poly's existing term loan, and cover related fees. If the acquisition is not completed by June 26, 2023, the notes will be mandatorily redeemed. The offering is expected to close on June 21, 2022, pending customary conditions.

HP reported fiscal 2022 second quarter earnings with a GAAP diluted EPS of $0.94, slightly below the forecast of $0.95-$1.01, and a non-GAAP diluted EPS of $1.08, at the high end of expectations. Net revenue reached $16.5 billion, up 3.9% year-over-year. However, GAAP net earnings fell by 19% to $1.0 billion. The company returned $1.3 billion to shareholders through buybacks and dividends. For Q3, HP anticipates GAAP diluted EPS of $0.91-$0.96 and raises its full-year non-GAAP outlook to $4.24-$4.38.

HP Inc. has appointed Ernest Nicolas as the new Chief Supply Chain Officer, effective June 13. Nicolas, who previously held the same position at Rockwell Automation, will oversee HP's worldwide supply chain, delivering over 100 million products annually. He takes over from Antoine Simonnet, who is retiring after a distinguished 40-year career. HP CEO Enrique Lores praised Nicolas’s extensive experience in supply chain management and operational efficiency, highlighting his potential to drive long-term sustainable growth for the company.

HP Inc. has declared a cash dividend of $0.25 per share on its common stock, marking the third dividend in fiscal year 2022. The dividend will be payable on July 6, 2022, to stockholders of record as of the close of business on June 8, 2022. With approximately 1.0 billion shares outstanding, this announcement reflects HP's ongoing commitment to returning value to its shareholders.

HP Inc. has launched its latest HP Spectre and Envy laptops, designed for the hybrid work environment, featuring superior video/audio capabilities and high performance to meet the needs of today's creators.

Key features include a 5 MP camera, HP Auto Frame, backlight adjustment, and AI-enhanced features for improved collaboration. The new lineup supports up to 4K OLED displays and Intel® Evo™ platforms, offering various configurations to enhance productivity. Pricing for devices starts from $849.99, with availability on May 19, 2022.

HP Inc. launched the OMEN 16, its most thermally advanced gaming laptop, and introduced the Victus 15 Laptop for emerging gamers on May 18, 2022. The OMEN 16 features upgraded thermal management, resulting in a 3% GPU hinge and 14% SSD temperature reduction, while being 5% quieter. It also boasts an 18% performance increase in gaming benchmarks. The Victus 15 is designed for accessibility, with competitive specs and pricing starting at $799.99. Both laptops will be available this summer at HP.com and major retailers.

HP Inc. has announced the launch of new products in its Z ecosystem, including the ZBook Studio G9 and ZBook Fury G9 mobile workstations, as well as new Z displays and the Thunderbolt G4 Dock. Targeted at creative professionals, these products aim to enhance productivity and collaboration while delivering powerful performance for demanding tasks. The ZBook Fury features high-performance CPUs and GPUs suited for heavy workloads like 8K video editing and machine learning, while the Thunderbolt G4 Dock promises to streamline workspace connectivity.

HP Wolf Security’s Threat Insights Report reveals a significant 27% increase in overall threats captured in Q1 2022, including a notable surge in Emotet spam campaigns. Emotet is now the most common malware family, accounting for 9% of all malware detected. The report highlights increased attacks via Java Archive and JavaScript files, as well as a rise in HTML smuggling techniques. Additionally, 69% of malware was delivered via email, with Office file formats comprising 45% of isolated threats. Cybercriminals are evolving tactics, prompting a call for enhanced endpoint security strategies.