|Avg Daily Volume: 12,694,614 Market Cap: 29.17B |
Sector: Technology Short Interest: 1.11
THIS QTR: EPS: .51 REV: 13,970/M
EPS: .51/share ACTUAL: .52/share (BEAT)
NEXT QTR: EPS: .55/share REV: 14,700/M
FY19: EPS: 2.15/share REV: 58,860/M
*These are the base metrics we will be watching against the actual release numbers
-18.9, -1.92, -3.85
Links To Latest News and Headlines
In this article we will take a look at the top 10 undervalued tech stocks. You can skip our comprehensive analysis of the technology industry and go directly to the Top 5 Undervalued Tech Stocks. The technology sector is one of the few areas of the industry where big and small players compete for relevance […]
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HP (HPQ) have what it takes? Let’s find out.
(Bloomberg) — As Apple Inc. was revealing its newest line of iPads and flashy new iMacs on Tuesday, one of its primary suppliers was enduring a ransomware attack from a Russian operator claiming to have stolen blueprints of the U.S. company’s latest products.The ransomware group REvil, also known as Sodinokibi, published a blog on its darkweb site early on Tuesday in which it claimed to have infiltrated the computer network of Quanta Computer Inc. The Taiwan-based company is a key supplier to Apple, manufacturing mostly Macbooks. It similarly produces goods for the likes of HP Inc., Facebook Inc. and Alphabet Inc.’s Google.REvil’s public face on the darkweb, a user on the cyber-crime forum XSS who goes by the name ‘Unknown’, announced Sunday that the ransomware group was on the cusp of declaring its “largest attack ever,” in a post reviewed by Bloomberg News. The post was made in Russian on a channel where the REvil group recruits new affiliates, according to a person familiar with Unknown’s history on the XSS forum who sought anonymity for fear of retaliation.By early on April 20, REvil’s ‘Happy Blog’ — a site where the cartel publicly names and shames victims in hopes of coaxing ransom payment — declared Quanta its latest victim. In their post, also reviewed by Bloomberg, the hackers claim they’d waited to disclose the Quanta compromise until the date of Apple’s latest big reveal, contending the parts supplier had expressed no interest in paying to recover the stolen data.Quanta acknowledged an attack without explaining if or how much of its data was stolen.“Quanta Computer’s information security team has worked with external IT experts in response to cyber attacks on a small number of Quanta servers,” the company said in a statement. “We’ve reported to and kept seamless communications with the relevant law enforcement and data protection authorities concerning recent abnormal activities observed. There’s no material impact on the company’s business operation.”By the time Apple’s product launch was over, REvil had posted schematics for a new laptop, including 15 images detailing the guts of what appears to be a Macbook designed as recently as March 2021, according to the documents reviewed by Bloomberg.REvil is now attempting to shake-down Apple in its effort to profit off the stolen data. They’ve asked Apple to pay their ransom by May 1, as was first reported by Bleeping Computer. Until then, the hackers will continue to post new files every day, REvil said on its blog.An Apple spokesperson declined to comment on questions about the compromise.Quanta added that its information security defense system was activated immediately, and it has resumed internal services affected by the incident. The company is upgrading its cybersecurity infrastructure to protect its data.Ransomware is a type of malicious code that typically encrypts a victim’s data or network of computers. The hackers then demand a ransom to decrypt the information, or a promise from the hackers not to sell their secret documents. More recently, ransomware gangs have also stolen data and threatened to make it public unless the victim pays a fee. REvil’s the same group that executed a ransomware attack in 2020 against a law firm they claimed once represented some of Donald Trump’s television enterprises. In 2019, the group also attacked a group of Louisiana election clerks a week before Election Day.REvil attempted to engage Quanta in ransom negotiations last week inside a chat-room on the attacker’s darkweb page, according to a transcript that’s been reviewed by Bloomberg News. The REvil operator started the interaction by claiming to have stolen and encrypted “all local network data” while demanding $50 million for the decryption key to unlock their systems.A user responded two days later, stating they were “not the person in-charge of the company“ but wanted clarity on the terms of engagement. The engagement caused confusion, and another two days later, REvil’s operator threatened to publish Apple’s data. It appears the conversation then moved to email.REvil then delivered on its promise to publish data it believes to be Apple’s proprietary blueprints for new devices. The images include specific component serial numbers, sizes and capacities detailing the many working parts inside of an Apple laptop. One of the images is signed by an Apple designer, John Andreadis and dated March 9, 2021.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Outlines Broad Plans to Combat Climate Change Focused on Carbon Emissions, Circularity and Forests Introduces Climate Partnerships to Extend Impact Ranging from Ocean Conservation to Forest Restoration Goals Achieve net zero greenhouse gas (GHG) emissions across HP value chain by 2040, beginning with Supplies business achieving carbon neutrality by 2030Reduce HP value chain GHG emissions 50% by 20301Reach carbon neutrality and zero waste in HP operations by 20252Reach 75% circularity for products and packaging by 20303Maintain zero deforestation for HP paper and paper-based packaging4Counteract deforestation for non-HP paper used in our products and print services by 20305 New Partnerships Expands HP Sustainable Forests CollaborativeSponsors Forest Stewardship Council’s Digital MarketplaceJoins Ocean Conservancy’s Trash Free Seas Alliance® Steering Committee PALO ALTO, Calif., April 20, 2021 (GLOBE NEWSWIRE) — Today, in advance of Earth Day, HP Inc. (NYSE: HPQ) announced some of the most aggressive and comprehensive climate goals in the technology industry. The commitments highlight the progress the company is making to drive a net zero carbon, fully regenerative economy, reduce its overall environmental footprint, and strengthen its business for the long term to create the most sustainable portfolio of products and solutions in the industry. The measures HP is driving, that build on the strength of its complete list of 2025 goals, are among the most comprehensive climate actions in the technology sector and align with relevant U.N. Sustainable Development Goals. “Climate change is a defining challenge of our generation that demands immediate action and investment,” said Enrique Lores, HP Inc. President and CEO. “Now is a time for bold moves and ambitious goals that will protect our planet and create new sources of innovation and growth across the global economy. By driving toward net-zero carbon emissions across our entire value chain by 2040, product circularity and a forest positive framework, we will accelerate our progress and advance HP’s aspiration to become the world’s most sustainable and just technology company.” A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51f46d17-28b9-4298-a5fb-63a01b840704 The Case for Business TransformationTo achieve its goals, HP is focused on accelerating five strategic drivers intended to decouple growth from carbon emissions and resource consumption, drive innovation, and transform design and business models: Print and Compute-as-a-Service: Print supplies renewal, hardware-as-a-service, certified pre-owned, hardwareSustainable materials: Increase use of renewable and recycled materialsSupply chain decarbonization: Drive and support supplier carbon reduction, use of renewable electricity, and adoption of surface transportation and alternative fuels and electric vehicles for product shipmentsEnergy efficiency: Design in existing and new energy-efficient product technologiesForest investments: Address the fiber used in printing and packaging by investing in forest restoration and protection, and continue to source certified or recycled materials Carbon Emissions and CircularityTo achieve these targets, HP will be carbon neutral in its operations by 2025 and reduce Scope 1, 2, and 3 greenhouse gas (GHG) emissions by 50% on an absolute basis by 2030, compared to 2019.6 Additionally, 75% HP’s total annual product and packaging content, by weight, will come from recycled, renewable and/or reused materials, products and parts by 2030.HP commits to 75% of its total annual product and packaging content (by weight) to come from recycled and renewable materials and reused products and parts by 2030. These actions will help to position HP to reach net zero emissions across its value chain by 2040. In line with HP’s circularity ambitions, HP Operations will be zero waste in its managed facilities by 2025.7 HP’s Customer Support organization will also be carbon neutral across both HP and partner-run operations by 2030.HP will pursue and accelerate a range of steps, including enabling a circular economy by using more sustainable materials, such as recycled plastics and metals, and investing in forest restoration and protection.8 Since 1991, HP has kept more than 875 million HP cartridges, 114 million apparel hangers, and 4.69 billion postconsumer plastic bottles out of landfills—instead, upcycling them to make new HP products. After introducing the world’s most sustainable PC portfolio, HP continues to innovate throughout its product portfolio and work with key partners to achieve circularity. HP is a member of NextWave Plastics, collaborating across industries to create the first global network of ocean-bound plastic supply chains. HP is also a member of the Ellen MacArthur Foundation’s Network and the Circulytics measurement tool.HP was the first global IT company to publish its full carbon footprint and set carbon emissions reduction goals for its operations, supply chain, products and solutions. HP was among the first 10% of companies with GHG emissions reduction goals approved by the Science Based Targets Initiative, including a 1.5°C aligned goal to reduce its Scope 1 and 2 emissions 60% by 2025 compared to 2015. For two consecutive years, HP is the only technology company to have been named to CDP’s A lists for climate, forests, and water, as well as CDP’s supplier engagement leaderboard. HP has been a member of RE 100 since 2016 and EV 100 since 2017.Reducing Carbon in HP Supplies HP will transform its print business from a transactional model to a services model, while actively reducing the carbon footprint of its company and its products. To accelerate a transition to a net zero value chain, HP commits to carbon neutrality for its supplies business by 2030. HP will start transitioning supplies to be carbon neutral by launching the HP Instant Ink with Planet Partners pilot, leveraging recycling and new renewal capabilities to extend the life of Original HP Supplies. This pilot will help customers decrease virgin plastic used, and diminish waste, including ocean-bound plastics, on the pathway to circularity. Launching in Germany in May 2021, HP Instant Ink with Planet Partners will allow HP Instant Ink subscribers to opt-in to receive renewed cartridges. The end-to-end use of HP technology and engineering is what makes this pilot unique. The consistent reliability and outstanding print quality of Original HP Supplies mean fewer reprints and less waste. Forest Protection and Restoration HP is also focused on nature-based solutions with global partners including World Wildlife Fund (WWF), Arbor Day Foundation and through its own Sustainable Forests Collaborative. HP is one of the few companies in the world to achieve a zero deforestation goal for the sourcing of its paper and packaging. In 2020, HP has achieved zero deforestation for 99% of HP brand paper and paper-based product packaging with the remaining 1% assessed to ensure reported fiber usage meets HP’s Sustainable Paper and Wood Policy9. HP brand paper has been deforestation-free since 2016. For paper-based product packaging, this represents the culmination of five years of work to enhance HP’s procurement processes and collaborate with more than 100 suppliers to drive progress. HP has implemented a conformance assurance program to manage any corrective actions and maintain this performance in the future. Now going beyond the company’s own responsible sourcing of HP brand papers, by 2030 HP will scale up investment in forest restoration, protection and other initiatives to counteract deforestation for non-HP paper used in HP products and print services. HP is the only technology company to set a goal to address deforestation that goes beyond its own fiber sourcing to include the use of its products and services.10 To ensure the vision to make every page printed with HP is sourced responsibly and contributes to restoration and protection of forests, HP created the Forest Positive Framework11 which includes partnering with leading NGOs and organizations to take action beyond restoration and protection to include developing science-based targets for forests, collaborating with the industry, and innovating more efficient print technologies. A Continued Commitment to Sustainable Impact and Climate Collaboration Efforts to make a sustainable impact on people, the planet and communities are integrated into HP’s business strategy and operations, and have become an increasingly important driver of customer purchasing decisions. HP’s Sustainable Impact efforts helped drive more than US$1 billion in sales wins in 2020 for the second year in a row.To further its commitment to the restoration and protection of the world’s oceans and forests, HP also announces a series of updates to its NGO partnerships. The company has joined the Ocean Conservancy’s Trash Free Seas Alliance as a member of the Steering Committee for its newest Signature Initiative: ASPPIRe (Advancing Solutions to Plastic Pollution through Inclusive Recycling). ASPPIRe aims to reduce plastic pollution in the world’s oceans, create a stable market for low-value plastics in selected geographies and increase the availability of recycled content. HP is the only technology company on the committee and is working alongside some of the world’s largest brands including PepsiCo, Starbucks Coffee Company, Dow, and Kimberly-Clark. HP also announces new partners joining HP’s Sustainable Forests Collaborative, including Andhra Paper Limited, Crown Van Gelder, Felix Schoeller Group, International Paper Company, Lenzing Papier, and Mondi Uncoated Fine Paper. Additionally, as the largest open-membership non-profit organization for forests big and small, Arbor Day Foundation is joining as an advisor to the Collaborative. Arbor Day’s mission is to inspire people to plant, nurture, and celebrate trees. The cross-industry collaboration will demonstrate scientific and viable approaches to keeping forest ecosystems healthy. Together, HP and its industry partners seek others to join the movement of protecting and restoring forests for future generations.In addition, HP announces it is the founding sponsor of the Forest Stewardship Council’s (FSC) “One Simple Action” digital marketplace (https://onesimpleaction.org/), that helps consumers understand why FSC matters, and products they can buy if they want to be part of the solution for forests. FSC certification is the most rigorous standard available in the marketplace, ensuring that critical forest ecosystems—and the wildlife and workers that depend upon them—are protected. These new partnerships build on HP’s existing portfolio of NGO collaborations committed to protecting natural resources, preventing biodiversity loss, and combating climate change. HP has garnered recognition with seven Good Green Design Awards for responsible design and manufacturing through the use of sustainable materials and finishes, including ocean-bound plastics and water-borne finishes. For more details, see here. Learn more Visit the following links for more details: Sustainable Impact WebsiteSustainable Impact report (link to downloadable PDF)Sustainable Impact Executive SummaryFSC Digital Marketplace About HP HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com. Tom Suiter, HPtom.email@example.com Vanessa Forbes, HPvanessa.firstname.lastname@example.org/go/newsroom 1 Absolute reduction of Scope 1, 2, and 3 GHG emission compared to 2019. Excludes non-HP paper consumed during product use.2 Zero waste operations: eliminate non-hazardous waste to landfill in all HP direct operations by 2025. Includes all HP owned and managed sites worldwide. Zero waste is defined by the UL or TRUE certification standard.3 Percentage of HP’s total annual product and packaging content, by weight, that will come from recycled and renewable materials and reused products and parts by 2030.HP’s total annual product and packaging content, by weight, will come from recycled and renewable materials and reused products and parts by 2030.4 HP brand paper and paper-based product packaging are derived from certified and recycled sources, with a preference for Forest Stewardship Council® (FSC®) certification. Packaging is the box that comes with the product and all paper (including packaging and materials) inside the box.5 Fiber by weight will be 1) certified to rigorous third-party standards, 2) recycled or 3) balanced by forest restoration, protection, and other initiatives through HP’s Forest Positive Framework. Paper does not include fiber-based substrates for HP industrial presses not listed in HP Media Solutions Locator catalogues.6 Excludes non-HP paper consumed during product use as an indirect emissions source in accordance with the GHG Protocol and outside HP’s own value chain.7 Zero waste operations: eliminate non-hazardous waste to landfill in all HP direct operations by 2025. Includes all HP owned and managed sites worldwide. Zero waste is defined by the UL or TRUE certification standard.8 Recycled plastic is based on the EPEAT definition and calculation methodology. 9 In 2020, 99% of HP brand paper and paper-based product packaging were derived from certified or recycled sources. Packaging is defined as the box that comes with the product and all paper-based materials inside the box.10 Fiber by weight will be 1) certified to rigorous third-party standards, 2) from recycled sources or 3) balanced by forest restoration, protection, and other initiatives through HP’s Forest Positive Framework.11 HP Forest Positive Framework is a strategic foundation for delivering on HP forest ambitions.
HP PC and Print Products Recognized for Design Excellence with 21 iF DESIGN 2021 AwardsPALO ALTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) has earned seven Good Green Design Awards across its world’s most sustainable PC portfolio1 for responsible design and manufacturing. Sustainability and climate change matter more today than ever before with 76% of people believing environmental issues are of equal or greater concern than health issues as a result of the Pandemic.2 Additionally, 41% of IT decision makers say that product sustainability has become more important in IT buying over the past year.3 HP’s unique approach to design enables the use of more sustainable and recycled materials while delivering amazing experiences across its PC portfolio. “HP is focused on creating a thoughtful, differentiated, and sustainable PC portfolio that makes a positive impact on the world,” said Stacy Wolff, global head of Design and Sustainability, Personal Systems, HP Inc. “We are constantly evolving our designs to include sustainable materials and finishes, including ocean-bound plastics and water-borne finishes and are honored to have Good Green Design recognize our innovative portfolio.” Good Green Design Awards The Good Green Design contest was established to show public appreciation and awareness for revolutionary design thinking for designs based on the ideals of energy conservation; the reduction of toxic waste and greenhouse gases; the diminishing dependence on fossil fuels; and a sensitivity for waste, pollution, and the depletion of the world’s energy resources. This new design approach centers on the idea of repairing our worldwide environments with sustainability and for total ecological restoration. HP is proud to have the following sustainably designed products recognized: HP Elite FolioHP Spectre x360 14HP ProBook 635 Aero G7HP Renew SleeveHP U27 4K Wireless MonitorHP EliteOne 800 G6 All-in-OneHP Elite c1030 Chromebook iF Design 2021 AwardsHP Inc. is also a winner of this year’s iF DESIGN AWARD, the world-renowned design prize. The winning products highlight the company’s innovative portfolio across Personal Systems and Print. iF Design designated HP with first place recognition in North America (out of 341 winners), United States of America (out of 319 winners), and Computer Category (out of 185 winners). HP made the Top 10 in Companies in the World (out of 5,725 winners), In House Design Teams (out of 2004 winners), and Spain (out of 152 winners). The following Personal Systems products are recognized for design excellence: HP Spectre x360 14HP Envy 13OMEN 15 LaptopOMEN 25L and 30L DesktopsOMEN 27i Gaming MonitorOMEN Spacer TKL Wireless KeyboardOMEN Dyad EarbudsHP EliteDesk 800 G6 SeriesHP E14 G4 Portable MonitorHP Elite FolioHP Elite c1030 ChromebookHP EliteBook x360 1030 G7 Notebook PCHP EliteOne 800 G6 All-in-OneHP Chromebook x360 11 G4 EEHP Reverb G2 VR HeadsetHP Reverb G2 Omnicept Edition VR HeadsetHP Z Display 27” G4 4K UHD Monitor The following Print products are recognized for design excellence: HP LaserJet 200 seriesHP ENVY Pro 6400 seriesHP DeskJet Plus 4100 seriesHP DesignJet Studio “We are leading with customer insights to create simple, seamless, sustainable devices,” said Steve Sandwisch, Head of Global Print Experience and Design. “Inspired by the millions of people working and learning from home, we are innovating to modernize print for the new hybrid models of how we live and work.” More information about HP innovations can be found in the “Winners” section of the iF WORLD DESIGN GUIDE. About the iF DESIGN AWARDFor 67 years, the iF DESIGN AWARD has been recognized as an arbiter of quality for exceptional design. The iF label is renowned worldwide for outstanding design services, and the iF DESIGN AWARD is one of the most important design prizes in the world. Submissions are awarded in the following disciplines: Product, Packaging, Communication and Service Design, Architecture and Interior Architecture as well as Professional Concept, User Experience (UX) and User Interface (UI). All awarded entries are featured on the iF WORLD DESIGN GUIDE and in the iF design app. About HP HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com. ©Copyright 2021 HP Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein. _______________1 Applies to HP PCs, Workstations and Displays manufactured after January 2019. Based on most Gold and Silver EPEAT® registrations by meeting all required criteria and achieving 50-74% of the optional points for EPEAT® Silver and 75-100% of the optional points for EPEAT® Gold according to IEEE 1680.1-2018 EPEAT®. Status varies by country. Visit www.epeat.net for more information. *Applies to HP PCs, Workstations and Displays manufactured after January 2019.2 Source: Boston Consulting Group report, July 2020, https://www.bcg.com/publications/2020/pandemic-is-heightening-environmental-awareness.3 HP Proprietary research with IT decision makers, US, UK, Japan, 2020. CONTACT: Kaitlyn Dierkes, HP Personal Systems Kaitlyn.email@example.com www.hp.com/go/newsroom Jaclyn Montalvo, HP Print firstname.lastname@example.org
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StockJumpers trajectory analysis reveals a negative market reaction to the earnings release. We were expecting to see a pop on the news on a beat, but like last quarter the stock fell in a big way even on a beat. They tend to be in-line on the metrics from their guidance and investors are more concerned about what they forecast going forward and any headwinds.
NOTE: The broad market is down 350 points
We are SHORT for this event, but think any down move will bounce back.
ENTRY: SELL (revised to HOLD)
STOP LOSS: 5%
TAKE PROFIT: 7%
UPDATE: (2:42PM) Our recent models show a bounce up post release and any initial drop may be short lived. The safest play is to stay on the sidelines until the release, and go long on any dip.
POST RELEASE ACTION: we are long on HPQ
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.