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Stock Market & Financial Investment News

News For HPQ;ATI From The Last 14 Days
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July 30, 2015
05:51 EDTHPQStocks with implied volatility above IV index mean; ZNGA HPQ
Stocks with implied volatility above IV index mean; Zynga (ZNGA) 66, Hewlett-Packard (HPQ) 36 according to iVolatility.
July 29, 2015
14:12 EDTHPQEarnings Watch: Hard drive makers report amid PC sector fears
Western Digital (WDC) and Seagate (STX) are expected to report quarterly results on July 29 and 31 with conference calls scheduled for 5:00 pm ET and 9:00 am ET, respectively. The two companies develop and manufacture computer storage solutions, including hard disk drives. EXPECTATIONS: Analysts are expecting Western Digital to report earnings per share of $1.45 on revenue of $3.25B, while Seagate is expected to report earnings per share of 64c on revenue of $2.92B. During its last earnings conference call, Western noted a "cautious" near-term outlook and forecast Q4 EPS to be $1.50-$1.60 on revenue of $3.3B-$3.4B. PRELIMINARY RESULTS: On July 13, Seagate reported preliminary Q4 revenue of $2.9B, adjusted gross margins of 27%, and 45M unit shipments, driven by what the company characterized as "lower than expected intra-quarter demand." The company had previously guided Q4 revenue to $3.2B-$3.3B, and analysts were looking for $3.19B in revenue at the time. LAST QUARTER: On April 17, Seagate reported Q3 adjusted EPS of $1.08 against expectations for $1.04, and revenue of $3.3B versus estimates of $3.4B. Following that, Western Digital reported Q3 EPS of $1.87 on April 28 versus estimates of $1.89, and revenue of $3.5B against expectations for $3.6B. NEWS: On May 1, Seagate announced plans to combine its Cloud Systems and Electronic Solutions groups, and on July 14, the company said it extended its alliance with HP (HPQ). STREET RESEARCH: On May 15, RBC called Western Digital shares "compelling" due to multiple near-term positive catalysts, though Morgan Stanley said on May 19 that it was just "cautiously optimistic" on Western because of softened growth expectations for the general PC market. On May 28, Goldman Sachs called fears of PC weakness overdone and upgraded Western Digital to Buy, saying the company's increasingly enterprise-heavy mix gives it a healthy long-term profit forecast. On June 12, Longbow reported that its hard drive price checks were not quite as bad as it had feared, adding that Western Digital's guidance appears achievable while Seagate's forecast appeared at risk. Heading closer to earnings, Citi said on July 2 that it expects somewhat weak quarterly results for the two hard drive giants but recommended buying both Western Digital and Seagate shares on any perceived post-earnings weakness. Stifel somewhat echoed that point on July 8, saying investor sentiment seemed overly negative towards Western, with traders potentially underestimating the company's shift towards enterprise products. Note that on July 23, Morgan Stanley said its June CIO survey indicated incremental enterprise IT budget weakness, leading the research firm to downgrade Western Digital to Equal Weight and drop Seagate two notches to Underweight. On the M&A front, Susquehanna said on May 29 that SanDisk (SNDK) remained an attractive takeover target, with Western Digital looking like a likely buyer. However, RBC and CLSA both raised doubts on June 5 about the possibility of such a deal. PRICE ACTION: Shares of Western Digital are up 1.34% to $78.83 ahead of Wednesday's report, while Seagate is up 0.84% to $49.28.
10:01 EDTHPQBox names Paul Chapman as Chief Information Officer
Box (BOX) announced that 25-year IT industry veteran Paul Chapman has joined the company as its Chief Information Officer, responsible for driving a broad range of IT initiatives to support the company’s more than 1,200 employees worldwide and customer base of 47,000 organizations. Chapman was most recently CIO of HP Software for Hewlett-Packard Company (HPQ).
July 28, 2015
16:24 EDTHPQHP to acquire Stackato business from ActiveState
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12:02 EDTHPQMicron, Intel to discuss technology similar to HP memristor, Hesseldahl says
Arik Hesseldahl of Re/code said on Twitter: "Intel and Micron are going to disclose technology similar to HP's memristor technology. It will be called: 3D XPoint" Reference Link
06:04 EDTHPQStocks with implied volatility above IV index mean; TWTR HPQ
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July 27, 2015
11:37 EDTHPQStratasys upgraded to Buy with $45 price target at Dougherty
Before the open, Dougherty analyst Andrea James upgraded Stratasys (SSYS) to Buy from Neutral and set a $45 price target on the stock, noting that the firm's North American channel checks indicate the sales climate has improved since the stock was downgraded in April. James also said that the pullback in the stock over that time frame leaves it trading at a "historically low P/E multiple" and that the firm believes HP (HPQ) will compete more directly with others in the 3D space than it will with Stratasys.
July 26, 2015
14:44 EDTHPQAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
14:01 EDTHPQHP granted approval for shareholder settlement on Autonomy, Bloomberg reports
05:45 EDTHPQStocks with implied volatility movement; EXXI HPQ
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July 23, 2015
11:54 EDTHPQOptions with increasing call volume
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07:58 EDTHPQBrean Capital maintains Buy on EMC due to activist, merger potential
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July 21, 2015
14:24 EDTHPQEarnings Watch: EMC reports amid M&A speculation in sector
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14:10 EDTATIAllegheny Technologies downgraded to Neutral from Buy at BofA/Merrill
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13:32 EDTATIAllegheny Technologies weakness a buying opportunity, says Stifel
07:52 EDTHPQHP announces renewable energy agreement with SunEdison
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07:19 EDTATIAllegheny Technologies sees FY15 capex roughly $250M
“Our balance sheet remains solid, with cash on hand of $251M at the end of the second quarter 2015 and no borrowings outstanding under our $400M domestic borrowing facility. Total debt to total capitalization of 37.0% at the end of the second quarter 2015 was unchanged from year-end 2014. Including expected payments associated with the HRPF project, we now expect 2015 capital expenditures to be approximately $250M, of which $63M has been spent in the first six months of 2015.”
07:16 EDTATIAllegheny Technologies reports Q2 EPS (15c), consensus 4c
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06:19 EDTHPQSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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July 20, 2015
15:11 EDTATIAllegheny Technologies technical notes before earnings
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