Hp Inc Stock Price, News & Analysis

Brook + Whittle announced the installation of the first HP Indigo V12 digital press in the United States, enhancing its digital print capabilities. This installation aims to improve customer service with faster turn times and flexible label customization, rivaling traditional flexo printing speeds. The V12 press offers quick setup and minimal waste while operating at 400 feet per minute, potentially replacing multiple flexo presses. Industry leaders from both companies highlighted the strategic partnership and its role in advancing sustainable and innovative printing solutions.

HP Inc. (NYSE: HPQ) released its latest HP Wolf Security Threat Insights Report, revealing significant trends in cyber threats. The report highlights a 38% increase in malicious PDF attachments and a surge in QR code phishing scams. Over the past year, HP customers clicked on over 25 billion attachments and links without reported breaches. Microsoft’s decision to block macros by default has forced hackers to diversify their tactics, leading to a rise in attacks utilizing archive files and social engineering. The report also emphasizes the need for organizations to adopt stronger security measures against evolving threats.

HP reported its fiscal 2023 first quarter results, revealing a GAAP diluted net EPS of $0.49, down from $0.99 a year prior, aligning with guidance of $0.47 to $0.57. Non-GAAP diluted net EPS fell to $0.75 from $1.10, within the forecast of $0.70 to $0.80. Net revenue decreased 18.8% year-over-year to $13.8 billion. Free cash flow was $(0.2 billion) compared to $1.4 billion last year. HP also returned $0.4 billion to shareholders through dividends and share repurchases. The company forecasts GAAP diluted EPS for Q2 between $0.40 to $0.50 and reaffirms full-year diluted EPS guidance of $2.22 to $2.62.

HP Inc. has launched a new lineup of high-performance workstation desktops known as Z by HP, which includes the Z8 Fury—the world's most advanced data science workstation. These systems are designed to handle complex, data-rich workflows, featuring powerful CPU and GPU capabilities. Additionally, the HP Anyware Remote System Controller offers IT departments innovative management solutions for high-performance devices, enhancing remote support. Available models include the Z4, Z6, Z8, and the high-end Z8 Fury G5, which supports up to 56 CPU cores and four GPUs.

HP Inc. (NYSE: HPQ) will hold a live audio webcast on February 28, 2023, at 5:00 p.m. ET to discuss its financial results for the first fiscal quarter ending January 31, 2023. Investors can access the webcast at www.hp.com/investor/2023Q1Webcast. A replay will be available shortly after the call and will remain accessible for about a year. HP is recognized globally for its innovative technology solutions, operating in over 170 countries and focusing on personal computing, printing, and gaming.

HP Inc. announced a cash dividend of $0.2625 per share on its common stock, marking the second dividend payment in fiscal year 2023. The dividend is payable on April 5, 2023, to stockholders of record by March 8, 2023. HP has approximately 1.0 billion shares outstanding. Additionally, the company set a record date of February 23, 2023 for its annual meeting, scheduled for April 24, 2023, where stockholders can vote on key matters.

HP Inc. unveiled its new product lineup at CES 2023, emphasizing sustainability and hybrid work solutions. The HP Dragonfly portfolio now includes devices tailored for freelancers, featuring all-day battery life and 24/7 support. Notable products include the HP Dragonfly Pro Chromebook with an 8 MP camera and the Poly Voyager Free 60 Series earbuds for enhanced audio experiences. HP's commitment to sustainability is evident in its use of recycled materials in new PCs. Upcoming products will be available in 2023, enhancing productivity and connectivity for users.

HP Wolf Security's report reveals critical insights into evolving cyber threats. The latest findings indicate that 44% of malware is delivered through archive files, surpassing Office files for the first time in three years. The report highlights increased use of HTML smuggling techniques alongside archive files to evade detection. Cybercriminals employed deceptive tactics, tricking users into executing malicious ZIP files. HP emphasizes the importance of adopting Zero Trust principles and micro-virtualization to enhance security against these sophisticated attacks.