Tag Archives: hpq

HP Acquisition Targets May Include Palo Alto Networks

Hewlett-Packard (HPQ) is likely looking for acquisitions in the Big Data and security fields, with Palo Alto Networks and FireEye on its wish list, says an analyst. “Following several consecutive quarters of strong cash flow generation, HP’s balance sheet is in the best condition in years, and the company has a $5 billion net cash position (excluding finance debt and receivables),” Michael Turits, an analyst for Raymond James & Associates, wrote

HP Turnaround Appears On Track, Stock Up On Q3 Beat

Hewlett-Packard (HPQ) appeared to take some steps toward reaccelerating growth, late Wednesday reporting its first year-over-year revenue gain in three years, and shares rose to a three-year high Thursday. The computer products and services company’s revenue for the quarter ended July 31 slightly beat analyst estimates, while HP’s Q3 earnings met views. The company’s third consecutive quarter of growth for its PC group led the upside, and the 2%

Hewlett-Packard PC Business Could Be Lone Q3 Upside

Hewlett-Packard’s (HPQ) PC business, of all things, could be the lone upside when the computer products and services company reports earnings for its fiscal third quarter after the market close Wednesday. The tech giant continues to slog through a five-year restructuring plan aimed at pushing growth in cloud services, software and other areas to offset declining sales in its core PC and and printing businesses. Yet HP’s personal systems group,