$HP Inc(HPQ)$ I opened positions ~ A beauty set up Mates! 🎯 $50-56 🔺🅱️ullish🔺
Source: Benzinga
HP Inc HPQ announced 25SEP24 - Wednesday the acquisition of Vyopta for an undisclosed price.
Vyopta is an Austin, Texas-based provider of collaboration management solutions. It offers analytics and monitoring for extensive, unified communications and collaboration (UC) networks.
Vyopta brings vast expertise and infrastructure to turbocharge the development of HP’s Workforce Experience Platform.
The HP Workforce Experience Platform offers customers control over their digital ecosystem from a single pane of glass.
This acquisition will accelerate HP’s existing platform strategy and expand its space and application management capabilities.
HP held $2.8 billion in cash and equivalents as of July 31. The company’s topline grew by 2.4% to $13.52 billion in the third quarter, beating the analyst consensus of $13.38 billion. Adjusted operating margin contracted 70 bps to 8.1%.
Bank of America Securities analyst Wamsi Mohan projected upside from cost cuts, Juniper-related synergies, and AI optionality.
@Tiger_comments @TigerStars @TigerWire @TigerPicks @Daily_Discussion @TigerPM @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
HP Inc. (HPQ) - Business Information
Company Profile: HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, commercial mobility devices, thin clients, retail point-of-sale systems, displays and peripherals, software, support, and services. The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services, with a focus on graphics and 3D imaging solutions in the commercial and industrial markets. The Corporate Investments segment is involved in HP Labs, business incubation, and investment projects. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
Established Year: 1939
Address: 1501 Page Mill Road, Palo Alto, California, United States
Telephone: (650)-857-1501
Employee Number: 58,000
Executive Information:
President, Chief Executive Officer, Director: Enrique Lores
Chief Financial Officer: Karen Parkhill
President, Personal Systems: Alex Cho
Chief Commercial Officer: David McQuarrie
Global Controller: Jon Faust
Business Area: HP Inc. operates globally, serving individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors.
Regional Revenue Share (Q3 2024):
Americas: $6.09 billion (45.02%)
Europe, Middle East, and Africa (EMEA): $4.42 billion (32.69%)
Asia-Pacific and Japan: $3.01 billion (22.29%)
Total Share Capital (as of September 25, 2024): $963.72 million
Float Share Capital (as of September 25, 2024): $961.00 million
Dividend Information:
Dividend per Share (September 11, 2024): $0.2756 USD
Total Dividend Amount: $10.06 billion USD
Pay Date: October 2, 2024
Shareholder Information:
The Vanguard Group, Inc.: Number of Shares - 120.62 million (12.52% shareholding ratio)
BlackRock, Inc.: Number of Shares - 104.65 million (10.86% shareholding ratio)
State Street Global Advisors, Inc.: Number of Shares - 47.88 million (4.97% shareholding ratio)
Dodge & Cox: Number of Shares - 35.10 million (3.64% shareholding ratio)
PRIMECAP Management Company: Number of Shares - 22.45 million (2.33% shareholding ratio)
Bank of America Securities Analyst's Projection: Bank of America Securities analyst Wamsi Mohan projected upside for HP Inc. from cost cuts, Juniper-related synergies, and AI optionality.
Financial Highlights (Q3 2024):
Topline: $13.52 billion (2.4% growth compared to the previous year)
Adjusted Operating Margin: 8.1% (contraction of 70 bps)
For more detailed information, you can refer to the HP Inc. Profile.
Note: The information provided is based on the latest available data and may be subject to change.
@Tiger_comments @TigerStars @TigerWire @TigerPicks @Daily_Discussion @TigerPM
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?