Hp Inc Stock Price, News & Analysis

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.