Hp Inc Stock Price, News & Analysis

HP Inc. has announced new products in its Z by HP portfolio, aimed at professional creators and power users. Key highlights include the ZCentral 4R, the world’s most powerful 1U rack workstation, designed for remote performance and expansion, and the new Z2 G5 desktops, offering enhanced performance and expandability. The ZBook lineup introduces powerful mobile workstations for creators on the move. The products, available starting in September 2020, cater to the growing demand for remote work technologies, with pricing for the ZCentral 4R starting at $2,099 and other models ranging from $849 to $2,039.

HP Inc. (NYSE: HPQ) and ePac are advancing in the flexible packaging market with the installation of 26 HP Indigo 25K Digital Presses, aimed to enhance market access for small and medium businesses. ePac's revenue is projected to exceed $100 million in 2020, bolstered by rapid expansion across North America, Europe, and Asia Pacific. The new installations will increase ePac's global fleet to 76 presses, improving production efficiency while minimizing environmental impact. This collaboration emphasizes innovation and local service delivery, positioning ePac as a disruptive force in the industry.

HP (NYSE: HPQ) reported its fiscal Q3 2020 results with a net revenue of $14.3 billion, a 2.1% decline year-over-year. GAAP diluted EPS was $0.52, down 33.3% from $0.78 in Q3 FY19, but above the forecast of $0.35 to $0.41. Non-GAAP diluted EPS also fell to $0.49 from $0.58, exceeding the expected range of $0.39 to $0.45. HP returned $1.2 billion to shareholders through share repurchases and dividends, with a strong cash flow of $1.6 billion. The outlook for Q4 estimates GAAP diluted EPS between $0.32 to $0.36.

HP Inc. (NYSE: HPQ) will host a live audio webcast on August 27, 2020, at 4:30 p.m. ET to discuss its financial results for the third fiscal quarter ended July 31, 2020. Interested parties can access the webcast at www.hp.com/investor/2020Q3Webcast, and a replay will be available for one year post-call.

HP Inc. focuses on creating technology that enhances life through its diverse range of products and services, including personal systems and 3D printing solutions.

HP Inc. has launched new Managed Print Cloud Services to facilitate companies' transition to cloud-based environments, enhancing flexibility and control over printing. This service provides a cloud-based print environment tailored to clients, integrating with Universal Print from Microsoft 365. Additionally, a revamped Flexworker Solutions program has been introduced, allowing remote workers to easily obtain printers and supplies through an online portal. This initiative aims to streamline IT processes, improve security, and potentially reduce costs for organizations.

HP Inc. introduced a suite of remote work offerings to assist partners in modernizing infrastructure and transitioning to cloud solutions. Key features include HP Advance, an integrated platform for managing print services, and HP Command Center, a tool for remote fleet management. New enhancements such as touch-free printing and HP Instant Ink subscriptions are designed to boost productivity for distributed workforces. The drive towards automation and adaptability was emphasized as companies adapt to new work environments.

HP Inc. has launched HP Amplify, a new global channel partner program set to start on November 1, 2020, aimed at enhancing partner growth and improving customer experiences. The program simplifies access to tools and rewards partners for their performance, with two distinct tracks: Synergy and Power. HP Amplify focuses on digital transformation, offering data-driven insights and collaboration tools. Additionally, it promotes sustainability through the HP Amplify Impact initiative, which emphasizes a commitment to a low-carbon economy and community support.

HP Inc. (HPQ) has deployed its D300e BioPrinters to four major research facilities in the U.S. and Europe at no cost, aiming to boost drug and vaccine research against COVID-19. The facilities include the Spanish National Research Council, University of Houston's CNRCS, Fondazione Toscana Life Sciences, and Grenoble Alpes University Hospital. This initiative is part of HP's broader commitment, which includes $8 million in technology and grants to support COVID-19 relief efforts. The BioPrinters facilitate the precise dispensing of pharmaceutical samples and are expected to enhance research efficiency.

The Board of Directors of HP Inc. (NYSE: HPQ) has approved the acceleration of the expiration date for its shareholder rights plan, terminating it as of June 25, 2020. This plan was initially set to expire on February 20, 2021. Chair Chip Bergh stated that the termination aligns with HP's current corporate governance practices, noting that there is no longer a threat of a hostile tender offer against the company. The board concluded that maintaining the plan was no longer appropriate.