Welcome to our dedicated page for HP news (Ticker: HPQ), a resource for investors and traders seeking the latest updates and insights on HP stock.
HP Inc. (NYSE: HPQ) is a global leader in technology innovation, creating products and solutions designed to improve life for everyone, everywhere. Founded in 1939 and known initially as Hewlett-Packard, HP is a dominant force in the PC and printing markets. Since its split from Hewlett Packard Enterprise in 2015, HP has focused on providing advanced computing and printing products, particularly for commercial markets, while also offering consumer devices and printers.
HP's extensive product portfolio includes personal computers, printers, and 3D printing solutions, catering to a diverse and global customer base. The company operates in more than 170 countries, with only one-third of its sales coming from the US. HP's operations are heavily reliant on channel partners for sales and marketing, and its manufacturing processes are entirely outsourced.
HP is committed to sustainability and innovation, continuously reinventing its product offerings to meet the evolving needs of customers. The company's latest achievements include the introduction of the industry's first role-based AI partner training and certification program through the Amplify Partner Program. This initiative aims to equip channel partners with the knowledge and tools needed to leverage HP's broad portfolio of over 100 AI-enabled solutions.
HP's financial performance remains robust, with a strong focus on profitability and growth. In its fiscal 2024 second quarter, the company reported net revenue of $12.8 billion. HP continues to invest in AI and hybrid work solutions, unveiling the industry's largest portfolio of AI PCs and launching innovative products such as the HP OmniBook X AI PC and HP EliteBook Ultra AI PC, designed to enhance productivity and creativity in hybrid work environments.
HP's strategic partnerships and collaborations, such as the recent establishment of the HKPC-HP 3D Printing Technology Centre in Hong Kong, highlight its commitment to driving technological advancement and fostering sustainable development. This initiative is expected to accelerate the adoption of 3D printing technologies, benefiting various industries and supporting Hong Kong's industrial transformation.
Moreover, HP's dedication to security is evident in its HP Wolf Pro Security suite, which was recently recognized as a top product for corporate endpoint protection by AV-TEST. This suite offers advanced threat protection capabilities, making it an efficient and cost-effective option for small and mid-sized businesses.
HP's focus on innovation, sustainability, and partner growth positions it as a leader in the technology industry, continuously pushing the boundaries to create technology that makes life better for people all around the world.
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.
HP Inc. has announced its definitive agreement to acquire Teradici Corporation, a leader in remote computing software. This strategic acquisition aims to bolster HP's capabilities in the Personal Systems category, addressing the growing demand for secure, mobile computing solutions as hybrid work becomes prevalent. The remote desktop software market is projected to grow at a 17% CAGR through 2028, aligning with HP's focus on innovative computing models. The transaction is expected to close in Q4 2021, pending regulatory reviews.
HP Inc. has unveiled its lightest consumer laptop, the HP Pavilion Aero 13 Laptop PC, weighing under 1 kilogram. It features an innovative design crafted from sustainable materials and is powered by AMD Ryzen™ 7 5800U Mobile Processor. The laptop offers a 16:10 aspect ratio, 2.5k resolution, and up to 10.5 hours of battery life. Additionally, HP introduced the HP M24fwa and HP M27fwa FHD Monitors, expanding its eco-friendly monitor line. The Pavilion Aero 13 will be available in July starting at $749, while the monitors will start at $229.99.
HP Inc. announced its portfolio of Windows-based PCs is set to be upgradeable to Windows 11 later this year.
The company’s devices, including the HP Spectre, HP ENVY, and HP Pavilion series, are designed for enhanced user experience and productivity.
Gaming devices like OMEN and Victus will also feature optimizations for Windows 11 that improve graphics and load times.
HP's collaboration with Microsoft has been emphasized, aiming to provide users with innovative experiences across various platforms.
The HP Inc. board has declared a cash dividend of $0.1938 per share, the fourth for fiscal year 2021. This dividend is payable on October 6, 2021, to stockholders recorded by the close of business on September 8, 2021. With approximately 1.2 billion shares of common stock outstanding, this action reflects HP's commitment to returning value to its shareholders.
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