HPQ Stock Recent News

HP President and CEO Enrique Lores joins 'Mad Money' host Jim Cramer to talk quarterly results, innovations in their PC offerings, AI adoption, and more.

MONTREAL, Sept. 18, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) ( TSX-V: HPQ , OTCQB: HPQFF, FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials, is pleased to update shareholders on the latest battery milestones achieved by its France-based affiliate, NOVACIUM SAS (“Novacium”).

MONTREAL, Sept. 11, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) ( TSX-V: HPQ , OTCQB: HPQFF, FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials, is pleased to update shareholders on the latest battery milestones achieved by its France-based affiliate, NOVACIUM SAS ("Novacium").

I maintain a hold rating for HP Inc. stock due to uncertain earnings outlook, lack of growth catalysts, and pressure on print margins. 3Q24 results showed a slight revenue beat but missed EPS estimates, with Print segment underperformance dragging down overall margins. The commercial PC segment shows recovery, but consumer PC demand remains weak, impacting overall growth prospects.

HP Inc. (HPQ) and HP Enterprise (HPE) stocks have had mixed returns since the two companies separated in 2015.  HPQ stock has jumped by over 263% while HPE has risen by 159% in the same period.

HPE says it intends to pursue the $4 billion damages claim in London against the estate of the recently deceased British tech tycoon Mike Lynch. Bloomberg's Jonathan Browning joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology.

Hewlett Packard (HPE.N), opens new tab said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

HP rallied in spite of a bottom-line miss and lowered earnings outlook for the year. However, the weakness seems entirely concentrated in the declining printing segment.

I previously rated HPQ as a BUY due to the status of the cycle and its attractive P/E ratio. I downgrade HPQ's rating to HOLD. The downgrade is due to the valuation expansion (its stock prices rallied 30%+ since my last writing) and the changes in its business fundamentals as reported in its Q3 earnings.