Hp Inc Stock Price, News & Analysis

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.

HP Inc. has announced a cash dividend of $0.2625 per share, marking a 5% increase over the previous dividend. This dividend is the first for the company's fiscal year 2023 and is set to be distributed on January 4, 2023, to shareholders on record as of December 14, 2022. With approximately 1.0 billion shares outstanding, this dividend reflects the company's ongoing commitment to returning value to its shareholders.

HP (NYSE: HPQ) reported fiscal 2022 GAAP diluted EPS of $3.05, below guidance of $3.46-$3.56. Non-GAAP diluted EPS was $4.08, within the expected range. Revenue totaled $63.0 billion, a 0.8% decline year-over-year. The fourth quarter saw a revenue drop of 11.2% to $14.8 billion, with a negligible GAAP diluted EPS due to non-cash tax adjustments. HP returned $5.3 billion to shareholders, including a 5% dividend increase. The Future Ready Transformation Plan aims for $1.4 billion in cost savings by fiscal 2025, with an estimated $1.0 billion in restructuring charges.

HP Inc. (NYSE: HPQ) has completed its change of control repurchase offer for 4.750% notes due 2029, accepting $488.2 million in notes. The offer, which expired on November 16, 2022, saw over 90% of outstanding notes tendered. HP made a payment of 101% of the principal amount and $4.9 million in accrued interest on November 17, 2022. This action allows HP to redeem any remaining outstanding notes, providing a strategic financial move post-acquisition.