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Stock Market & Financial Investment News

News Breaks
August 20, 2014
13:42 EDTAUTNF, HPQEarnings Preview: Analysts view HP positively ahead of Q3 earnings report
Hewlett-Packard (HPQ) is set to report third quarter earnings after the market close on Wednesday August 20, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is a diversified IT company that provides hardware, software, and business and enterprise solutions to personal and corporate customers. EXPECTATIONS: Analysts are looking for earnings of 89c per share on revenue of $27.01B, according to First Call. The consensus range for EPS is 86c-90c on revenue of $26.50B-$27.49B. In its second quarter earnings release, HP said it sees Q3 adjusted EPS 86c-90c and FY14 adjusted EPS $3.63-$3.75, both of which were in-line with expectations. LAST QUARTER: HP reported Q2 EPS of 88c against estimates for 88c on revenue of $27.3B against estimates for $27.4B. Personal Systems revenue was up 7% year-over-year with a 3.5% operating margin. Enterprise Group revenue for the quarter was down 2% year-over-year with a 14.4% operating margin. HP also reported Q2 cash flow from operations of $3.0B. COMPANY NEWS: On May 31, HP announced that it reached an agreement to settle shareholder derivative litigation arising from the acquisition of Autonomy (AUTNF). The company announced on July 15 that its interim chairman, Ralph Whitworth, resigned from its board of directors to focus on his health. The next day, HP named CEO Meg Whitman chairman. The Justice Department announced on August 1 that HP agreed to pay $32.5M to resolve allegations under the False Claims Act that HP overcharged the U.S. Postal Service for products between October 2001 and December 2010. The U.S. alleged that under a contract between HP and the USPS, HP overcharged USPS by "failing to comply with pricing terms of the contract, including a requirement that HP provide prices that were no greater than those offered to HP customers with comparable contracts." STREET RESEARCH: After HP announced more layoffs, Wells Fargo noted on May 23 that HP said it was more confident in its growth outlook, and the firm thought the layoffs could reflect newly discovered cost cutting opportunities, rather than end market pressures. Wells continued to expect the company to grow in FY15 and kept an Outperform rating on the shares. On June 12, Goldman Sachs upgraded its rating on HP to Neutral from Sell saying the company's management executed a turnaround far more effectively than it anticipated. Goldman was more positive on HP's turnaround following the company's Discover event in Las Vegas and it raised its price target for shares to $32 from $25. Deutsche Bank said on July 8 that shares of HP were adequately reflecting the company's innovation and increased R&D investment. Deutsche noted HP's new product introductions were up nearly two times versus three years ago. The firm viewed the stock as attractively valued and reiterated a Buy rating on HP with a $40 price target. Monness Crespi upgraded HP from Buy to Neutral on August 18. PRICE ACTION: Since the first day of trading following HPs Q2 report on May 22, shares have risen approximately 8.5%. Over the past year, shares have increased over 33%. During late morning trading, shares of HP were down 32c, or 0.9%, to $35.16.
News For HPQ;AUTNF From The Last 14 Days
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November 24, 2014
11:49 EDTHPQCitigroup mobile devices analysts hold an analyst/industry conference call
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07:28 EDTHPQHP price target raised to $45 from $40 at Deutsche Bank
Deutsche Bank raised its price target for HP shares to $45 ahead of the company's Q4 results on November 25. The firm expects an in-line quarter with the potential for higher earnings due to buybacks. To reflect higher buybacks, Deutsche raised its earnings estimates and it keeps a Buy rating on HP.
06:44 EDTHPQHP volatility elevated into Q4 and outlook
HP November weekly call option implied volatility is at 52, December is at 30, January is at 23, February is at 22; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 23, 2014
14:29 EDTHPQ3D printing draws regulatory scrutiny as its applications spread, FT says
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November 21, 2014
12:08 EDTHPQHP December volatility elevated into Q4 and outlook
HP November weekly call option implied volatility is at 41, December is at 32, January is at 23, February is at 22; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 20, 2014
12:00 EDTHPQAnalyst sees new competition shaking up 3D printing market
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08:04 EDTHPQHP December volatility elevated into Q4 and outlook
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November 19, 2014
16:32 EDTHPQStratasys appoints ex-Hewlett-Packard Chris Morgan as CMO
Stratasys (SSYS) appointed Chris Morgan as Senior VP and Chief Marketing Officer for Stratasys. Morgan is a 25-year veteran of HP (HPQ).
07:46 EDTHPQSymantec, Hewlett-Packard announce DRaaS solution partnership
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November 12, 2014
15:08 EDTHPQEarnings Preview: Cisco reports amid analyst debate on break-up potential
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November 11, 2014
06:03 EDTHPQQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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