HP Inc. - HPQ STOCK NEWS

HP Inc. announced the launch of HP Managed Print Flex, a new cloud-first Managed Print Service subscription plan aimed at optimizing costs and improving productivity for businesses. The service features an innovative Smart Pricing Plan that automatically adjusts costs based on printed volume, ensuring customers always pay the lowest price. Additional benefits include auto-replenishment of supplies, next business day support, and analytics dashboards for printers. Currently piloted in select regions, the service is set for broader availability by Spring 2022.

HP Inc. has unveiled its latest devices aimed at enhancing consumer connectivity, creativity, and productivity. Notable products include the HP Spectre x360 16 inch 2-in-1 Laptop, featuring a 5 MP integrated camera, and HP ENVY 34 inch All-in-One Desktop, boasting a 5K display. The introduction of HP Palette facilitates cross-device creative collaboration. Available starting October 2021, prices range from $599 for the HP Tablet PC to $1,999 for the HP ENVY. HP emphasizes sustainability across its product line, utilizing recycled materials.

HP Inc. launches a new fundraising platform called HP Pays Your PTA in collaboration with Justin Baldoni and The Holderness Family. This initiative allows parents and teachers to raise funds for PTAs by promoting HP Instant Ink, with HP donating $10 for each sign-up. The campaign is centered around an anthem, ‘Back to School Alright’, and aims to raise up to $3 million for schools. Schools can register until November 30, 2021, to receive unique signup links that will be active for 60 days.

HP Inc. has released its HP Wolf Security Report, highlighting critical security challenges in the hybrid workplace.

Surveying over 8,000 office workers and 1,100 IT decision-makers, the report reveals that 76% of IT teams prioritized business continuity over security during the pandemic. Frustration among younger employees (18-24) is evident, with 48% viewing security tools as hindrances and 54% prioritizing deadlines over data security. The report warns of a 'ticking time bomb' for corporate network breaches, emphasizing the urgent need for improved cybersecurity measures.

HP Inc. has launched a virtual conference targeting Historically Black Colleges and Universities (HBCUs), collaborating with Hewlett Packard Enterprise, Intel, and Microsoft. This initiative aims to enhance digital transformation in education. Over 100 HBCUs can participate in sessions focusing on technology and career skills. A competition allows top students to interview for internships at HP and Microsoft. Notable speakers include industry leaders and a U.S. Congresswoman. The conference follows HP's ongoing efforts to empower diverse talent and promote equitable opportunities.

HP (NYSE: HPQ) reported a strong fiscal 2021 third quarter with GAAP diluted EPS of $0.92, exceeding the outlook of $0.77 to $0.81. Non-GAAP diluted EPS reached $1.00, up from $0.49 year-over-year. The company's net revenue for the quarter was $15.3 billion, a 7% increase from the prior year. HP returned $1.7 billion to shareholders through share buybacks and dividends while generating $1.0 billion in free cash flow. Looking ahead, HP estimates fourth quarter GAAP diluted EPS between $0.82 to $0.88 and projects a full fiscal year GAAP EPS of $3.56 to $3.62.

HP Inc. has launched the HP Chromebook x2 11 and HP Chromebase 21.5 inch All-in-One to enhance its Chrome OS ecosystem. The Chromebook x2 features a Snapdragon 7c platform, 11-hour battery life, and a detachable design. The Chromebase AiO is noted for its rotating screen and family-friendly features. Both devices aim to cater to users adapting to a hybrid work and home environment. Additionally, HP introduced the HP M24fd USB-C Monitor for seamless connectivity with Chromebooks. Pricing starts at $599.99 for both devices, available from August 2021.

HP Inc. (NYSE: HPQ) will host a live audio webcast on August 26, 2021, at 4:30 p.m. ET to discuss its financial results for Q3, which ended on July 31, 2021. The webcast will be accessible on the company's investor relations page and a replay will be available for one year post-event. This call is part of HP's commitment to transparency and investor engagement, ensuring stakeholders stay informed about the company's financial performance.

HP Wolf Security has published a new Threat Insights Report revealing a 65% increase in cybercrime sophistication and the use of hacking tools from H2 2020 to H1 2021. The report notes that underground forums are facilitating collaboration among cybercriminals, leading to larger attacks.

Key findings include a rise in malware delivered via email (75%) and a notable 34% of malware captured being previously unknown. Additionally, phishing attacks continue to prey on users, despite advances in security technology.