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Stock Market & Financial Investment News

News Breaks
February 21, 2013
14:02 EDTHPQEarnings Preview: HP shares recover after $8.8B charge related to Autonomy deal
Hewlett-Packard (HPQ) is set to report Q1 earnings after the market close on Thursday, February 21, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions... EXPECTATIONS: Analysts are looking for EPS of 71c on revenue of $27.79B, according to First Call. The consensus range for EPS is 68c-82c on revenue of $26.3B-$28.72B... LAST QUARTER: HP reported Q4 EPS of $1.16 against estimates for $1.14 on revenue of $29.96B against estimates for $30.34B. HP said it sees Q1 EPS ex-items 68c-71c against then estimates for 85c. HP affirmed its FY13 EPS view of $3.40-$3.60 against then estimates for $3.52; current FY13 EPS consensus is $3.49. In its Q4 report, HP said it was taking an $8.8B charge primarily related to its acquisition of UK-based software company Autonomy. The company said a majority of this charge was related to "serious accounting improprieties, disclosure failures and outright misrepresentations...that occurred prior to HP's acquisition of Autonomy." On December 27, HP said the Department of Justice had opened an investigation related to Autonomy, and on February 11 the Financial Reporting Council, the UK's accounting regulator, confirmed it was investigating Autonomy. Following Dell's (DELL) February 5 announcement that it was being taken private, HP released a statement saying it plans to take "full advantage" of any opportunities presented to the company as a result of Dell's deal. Since its Q4 report, reports of activist involvement in HP or a possible breakup of the company have circulated, though none of these reports have been publicly confirmed or denied... STREET RESEARCH: In the days following HP's Q4 results, shares were downgraded by at least four analyst firms. Following Dell's deal to be taken private, Jefferies said a takeover of HP is unlikely, and the firm maintains an Underperform rating on shares with a $10 price target. Wells Fargo issued a note in response to a story from Quartz that said HP's board was studying a breakup of the company, that said the firm thinks HP may spin off smaller units of the company, but that the PC or printer businesses are unlikely candidates to be spun off; Wells Fargo maintains a Market Perform rating on the stock. In a note earlier today, Sterne Agee maintained its Neutral rating on HP shares, saying that though shares remain inexpensive, continued pressure on HP's core businesses may reveal further downside in the stock... PRICE ACTION: Shares of HP are up over 26% since the first day of trading following its Q4 report. Shares of HP are up 0.6% in early afternoon trading ahead of its Q1 report.
News For HPQ 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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