Hp Inc Stock Price, News & Analysis

HP Inc. has strengthened its management team with key appointments aimed at enhancing long-term growth. On May 19, 2021, Greg Baxter was named Chief Transformation Officer, focusing on digital capabilities and cost reduction. He succeeds Marie Myers, now the CFO. Didier Deltort was appointed President of Personalization & 3D Printing, directing global business management and innovation in 3D Printing. Both executives bring extensive experience from leading roles in major companies, with an emphasis on driving commercial growth and operational efficiency.

HP Inc. has launched HP Indigo Secure, a suite of innovative security and brand protection solutions, alongside the HP Indigo 6K Secure Press, specifically targeting the security printing market. This press delivers comprehensive security solutions through multi-layered printing in a secure environment. The impact of counterfeiting is projected to cost global businesses $4.2 trillion. HP's new offerings aim to assist governments and brands in combating intellectual property violations and losses.

HP Inc. and CCL Industries announced the installation of CCL's 100th HP Indigo digital press, marking a significant milestone in their partnership. The latest installation is the world's first HP Indigo 35K Digital Press, aimed at expanding into the folding carton market at CCL's Healthcare facility in Montreal. This B2 sheetfed press enhances brand protection with advanced printing technologies. The global self-adhesive labels market is projected to grow significantly, indicating strong market potential for HP and CCL.

HP Inc. has announced enhanced print services aimed at increasing workforce productivity and protecting corporate data. The new Flexworker offering integrates with HP Wolf Security for secure printing at home or in the office. This scalable service includes HP Secure Print and Internet Printing functionalities, addressing security concerns around compromised printers as noted by 45% of IT decision-makers. The new offerings are expected to roll out between June and August 2021, enhancing secure printing capabilities and enterprise management tools for hybrid workforces.

HP Inc. (NYSE: HPQ) has launched HP Wolf Security, a comprehensive security platform integrating PCs and printers with advanced endpoint protection against cyber threats. This initiative comes amidst a 238% increase in cyberattacks during the COVID-19 pandemic, particularly targeting remote workers. The platform reflects over 20 years of security innovation, emphasizing a Zero Trust approach. Key features include hardware-enforced security, self-healing firmware, and tailored solutions for home and business users. The launch aims to address rising security needs and enhance resilience in a shifting work landscape.

HP Inc. has launched the new ZBook G8 mobile workstations, including ZBook Studio G8, ZBook Fury G8, and ZBook Power G8, designed for professional creators needing high performance and versatility in hybrid work environments. These workstations incorporate advanced technology from Intel and NVIDIA, featuring powerful graphics and processors. HP emphasizes sustainability by using recycled materials and 100% recyclable packaging. The ZBook Studio claims to be the world's most powerful mobile workstation, enhancing productivity and collaboration for users.

HP Inc. launched the EliteOne 800 G8 All-in-One desktop PC to enhance collaboration in hybrid workplaces. With anticipated home-office work rates at 32% and 26% respectively, the device features an 11th Gen Intel processor, a 5MP camera, and AI-based noise reduction for improved virtual meetings. The EliteOne is environmentally friendly, made using ocean-bound plastics and 100% recyclable packaging. Additionally, HP introduced the EliteDesk 800 G8 series, which includes various form factors to meet multi-tasking demands. Availability is set for May 2021.

HP Inc. (NYSE: HPQ) will hold a live audio webcast on May 27, 2021, at 4:30 p.m. ET to review its financial results for Q2 fiscal 2021, which ended on April 30, 2021. Investors can access the webcast at www.hp.com/investor/2021Q2Webcast. A replay will also be available on the same site for about one year. HP Inc. creates technology that enhances lives worldwide through its personal systems, printers, and 3D printing solutions.

HP Inc. has entered into a multi-year strategic agreement with Cimpress to enhance online personalized print products through the deployment of the HP Indigo 100K digital press. This initiative will expand Cimpress' manufacturing capabilities and drive revenue growth across its global brands, including Vistaprint. More than half of the new presses are set for installation in 2021, following successful testing in 2020. The partnership aims to meet increasing customer demand for high-volume, personalized printing solutions.