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HP Rises 26% in 6 Months: Should You Buy, Sell or Hold the Stock?
ZACKS· 2024-11-12 16:56
HP Inc. (HPQ) shares have gained 25.8% in the past six months, outperforming the Zacks Computer - Micro Computers  industry’s, Computer and Technology sector’s and the S&P 500 index’s return of 19.9%, 15.2% and 14.9%, respectively. HPQ’s outperformance reflects investors’ confidence in the company’s innovative portfolio.HPQ has constantly been focusing on product innovation and differentiation. The company has also extended its product line in the AI space with the launch of AI-based personal computers and ...
HPQ Announces Appointment of new Auditors
GlobeNewswire News Room· 2024-11-07 19:12
MONTREAL, Nov. 07, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in the green engineering of silica and silicon-based materials is pleased to inform shareholders that, subsequently to its June 26th, 2024 press release regarding the reception of a notice of termination from KPMG S.E.N.C.R.L. (S.R.L.), (the Former Auditor), regarding the cessation of their duties and the non-renewal of their mandate, it has appointed ...
HP Inc. to Announce Fourth Quarter Fiscal 2024 Earnings on Nov 26, 2024
GlobeNewswire News Room· 2024-11-05 21:15
PALO ALTO, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) will present a live audio webcast of a conference call to review financial results for the fourth fiscal quarter and fiscal year ended October 31, 2024 on Tuesday, Nov 26, 2024 at 5:30 p.m. ET / 2:30 p.m. PT. The webcast will be available at www.hp.com/investor/2024Q4Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About HP Inc. HP ...
HP (HPQ) Rises Higher Than Market: Key Facts
ZACKS· 2024-10-28 23:06
HP (HPQ) ended the recent trading session at $37.42, demonstrating a +1.46% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.27%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%.Shares of the personal computer and printer maker have appreciated by 4.15% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.21% and the S&P 500's gain of 2%.The investment community will be paying close attention to ...
HP (HPQ) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-10-22 23:21
HP (HPQ) closed the most recent trading day at $36.23, moving -0.63% from the previous trading session. This change lagged the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.Coming into today, shares of the personal computer and printer maker had gained 3.85% in the past month. In that same time, the Computer and Technology sector gained 3.5%, while the S&P 500 gained 2.76%.Investors will be eagerly watching for the performance of HP in its upco ...
HPQ Files Provisional Patent Application for High Throughput Silicon-Based Anode Material Manufacturing
GlobeNewswire News Room· 2024-10-22 11:30
This provisional patent builds on HPQ’s existing PUREVAPTM QRR patent and a pending continuous SiOx manufacturing process patent.The provisional patent application covers apparatus and methods required for continuous or semi-continuous production of GEN3 and beyond engineered silicon-based material suitable for Li-ion battery anodes.HPQ is assembling a patent portfolio focused on technological building blocks necessary for vertically integrated, low-carbon, low-cost, and high-throughput high-performance sil ...
HP (HPQ) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-10-14 23:21
HP (HPQ) closed at $37.44 in the latest trading session, marking a +1.16% move from the prior day. This change outpaced the S&P 500's 0.77% gain on the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.87%.The personal computer and printer maker's stock has climbed by 11.07% in the past month, exceeding the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 4.87%.The upcoming earnings release of HP will be of great interest to ...
HP Inc.: 3% Yield With Upside Potential As Revenue Re-Accelerates
Seeking Alpha· 2024-10-10 15:45
With recent Fed interest rate cuts fueling a fresh rally in the S&P 500 to fresh highs, I'm worried about being too exposed to growth stocks at a potential market top: and with that in With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quot ...
HP (HPQ) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2024-10-08 23:20
In the latest market close, HP (HPQ) reached $36, with a +0.25% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The personal computer and printer maker's stock has climbed by 5.06% in the past month, falling short of the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 5.41%.The upcoming earnings release of HP will be of great interest to investors. It is anticipated tha ...
Have $5,000? These 3 Stocks Could Be Bargain Buys for 2024 and Beyond
The Motley Fool· 2024-10-07 09:12
Core Viewpoint - MicroStrategy, Micron Technology, and HP are identified as undervalued tech stocks with significant growth potential despite current market challenges [1]. Group 1: MicroStrategy - MicroStrategy transitioned from a slow-growth data software provider to a Bitcoin hoarder, holding 226,500 Bitcoins valued at $13.8 billion, which constitutes 37% of its enterprise value of $37.2 billion [2]. - Analysts predict that MicroStrategy's core software business will see minimal revenue growth and incur losses, while the company may take on more debt and issue shares to fund additional Bitcoin purchases [2][3]. - The stock appears expensive at 78 times this year's sales, but could be undervalued if Bitcoin prices rise significantly in the future [3]. Group 2: Micron Technology - Micron is a leading manufacturer of DRAM and NAND memory chips, known for producing denser and more power-efficient products compared to competitors [4]. - The company faced a 49% revenue decline in fiscal 2023 due to a downturn in PC shipments and the end of the 5G smartphone upgrade cycle, but revenue rebounded by 62% in fiscal 2024 as markets stabilized [4]. - Analysts forecast a 52% revenue increase in fiscal 2025, with adjusted EPS rising nearly sevenfold, making Micron's stock attractive at just 11 times forward earnings [5]. Group 3: HP - HP is a major producer of PCs and printers, experiencing growth during the pandemic, but faced revenue declines in fiscal 2022 and 2023 due to weakened consumer sales and macroeconomic challenges [6]. - The company has implemented cost-cutting measures and share buybacks, resulting in an 8% increase in adjusted EPS in fiscal 2022, followed by an 18% decline in fiscal 2023 [6]. - Despite a gloomy outlook with flat revenue expected for fiscal 2024 and only a 3% growth in adjusted EPS, HP's stock is considered undervalued at 10 times forward earnings, with a forward dividend yield of 3.1% [6][7].
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