Editor’s Note: Related tickers: Hewlett-Packard Company (NYSE:HPQ), JPMorgan Chase & Co. (NYSE:JPM)
HP Jumps Most in 3 Months as Forecast Beats Estimates (Bloomberg)
Hewlett-Packard Company (NYSE:HPQ), the largest personal-computer maker, rose the most in three months after forecasting fiscal third-quarter profit that topped analysts’ estimates on cost cuts aimed at countering slumping demand for desktops and laptops. The shares jumped 13 percent to $24.05 at 10:10 a.m. in New York, after Hewlett-Packard Company (NYSE:HPQ) yesterday delivered the view for the period through July. Earlier the stock traded at $24.08 for the biggest intraday rise since Feb. 22. The Palo Alto, California-based company had gained 49 percent this year before today, compared with a 16 percent increase in the Standard & Poor’s 500 Index.
Hewlett-Packard Given a $25.00 Price Target by JPMorgan Chase Analysts (HPQ) (Zolmax)
Equities researchers at JPMorgan Chase & Co. (NYSE:JPM) set a $25.00 target price on shares of Hewlett-Packard Company (NYSE:HPQ) stock in a report issued on Thursday, Analyst Ratings Network.com reports. Hewlett-Packard Company (NYSE:HPQ) opened at 21.23 on Thursday. Hewlett-Packard has a 1-year low of $11.35 and a 1-year high of $24.05. The stock’s 50-day moving average is currently $20.93. The company’s market cap is $41.272 billion. Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.06.
HP enhances thin client services for mobility, UC (TelecomPaper)
Hewlett-Packard Company (NYSE:HPQ) has announced software enhancements and new unified communications support to help companies realise the reliability and security benefits of thin clients without sacrificing the user experience. These services will be showcased 22-24 May at Citrix Synergy in Los Angeles. Hewlett-Packard Company (NYSE:HPQ) Velocity has been enhanced with latency and congestion control optimisation. HP Velocity, including with HP thin clients, intelligently adapts to network conditions, improving network utilisation to help ensure telecommuters, branch office workers and mobile workers experience less distortion when using real-time communication applications.
HP Unleashes Affordable, Powerful Desktops (PCMag)
Hewlett-Packard Company (NYSE:HPQ) today unveiled a new series of desktop PCs, including a budget desktop, higher-end gaming towers, and all-in-one PCs. The Bay Area-based company hits all the major price points, with the new models retailing from $289 to $1,099. The HP Pavilion TouchSmart All-in-One PCs—namely the HP TouchSmart 20 and HP TouchSmart 23—offer a five-point optical touch screen. The widescreen, LED backlit display on both models is attached to a thin easel stand that can adjust from 10 to 25 degrees. The systems can be configured with either an AMD or 4th generation Intel processor, and up to 2TB of storage. In addition to Hewlett-Packard Company (NYSE:HPQ)’s suite of apps, there’s also 25GB of free Box cloud storage in the U.S. The HP Pavilion TouchSmart 20 All-in-One will be available June 23 for $619.99, while the 23-inch version comes out June 5 with prices starting at $749.
HP CEO Whitman Keeps Calm, Carries On (InformationWeek)
Hewlett-Packard Company (NYSE:HPQ) had few positive figures to report during a conference call with financial analysts on Wednesday, but one key figure, non-GAAP earnings, rose 11%. The 87 cents earned per share exceeded the high end of Hewlett-Packard Company (NYSE:HPQ)’s 80- to 82-cent forecast and was a sign that the company’s “fix and rebuild” plan is working, said CEO Meg Whitman. Whitman sounded comfortable, at ease and in control. She said the company’s performance is much more predictable than it was last year, the first year of her tenure at Hewlett-Packard Company (NYSE:HPQ). In another sign that financial stability is returning, the company reported a 44% increase in cash flow to $3.6 billion, up from $2.5 billion in 2012.
