Hp Inc Stock Price, News & Analysis

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.

HP showcased its latest innovations in additive manufacturing at Formnext, unveiling the HP Jet Fusion 5420W Solution for producing white parts and the Metal Jet S100 Solution in collaboration with John Deere, enhancing production efficiency and sustainability. Key highlights include new strategic partnerships for post-processing and a recycling program.

HP's Digital Manufacturing Network has expanded, printing over 70 million additional parts in the past year. The company aims to meet market demands for sustainable production and personalization through advanced 3D printing technologies.

Poly has announced the launch of its new Studio Systems for Zoom Rooms, which are powered by HP technology. These systems include the award-winning Poly video solutions and the innovative TC10 controller. Designed for small, medium, and large Zoom Rooms, Poly's systems support various operating systems and incorporate AI capabilities for improved meeting experiences. The products will be available in North America and Europe starting late November 2022 and globally in early 2023. Poly aims to enhance hybrid work setups, ensuring users are heard and seen clearly in meetings.

HP Inc. (NYSE: HPQ) will host a live audio webcast on November 22, 2022, at 5:00 p.m. ET to review its financial results for the fourth quarter and fiscal year ending October 31, 2022. The webcast will be accessible on HP's investor relations website, with a replay available for one year post-event.

HP Inc. emphasizes its commitment to innovation in personal systems, printers, and 3D printing solutions, aiming to transform ideas into reality.