Tag Archives: hpq

3D Printer Stocks Scream Higher As BofA Sees 3D Systems Revival

3D printer stocks 3D Systems ( DDD ) and Stratasys ( SSYS ) skyrocketed Thursday morning after Bank of America/Merrill Lynch goes from bear to bull on 3D. 3D Systems jumped 15.5% to 19.18 on the stock market today , a nine-month high. Stratasys rose 7.6% to 29.81, breaking out of a base going back to late October. Bank of America gave 3D Systems a “double upgrade,” raising it to a buy all the way from underperform. It hiked its price target from 11 to 26. Why the sudden switch from bear to bull? BofA sees new CEO Vyomesh Joshi fueling a turnaround. Joshi had worked for HP Inc. ( HPQ ), running HP’s printing business. BofA sees Joshi improving profit margins, which have declined. BofA raised 3D EPS targets for 2016 by 2 cents to 30 cents, 2017 EPS revised up by 18 cents to 57 cents and 2018 EPS revised up to 71 cents from 43 cents.  

Dell Beats HP In U.S. PC Shipments For First Time In Over 6 Years

Dell retook the U.S. personal computer shipment lead for the first time in over six years in Q1 as former No. 1 HP Inc. ( HPQ ) stumbled, market research firms Gartner and IDC reported late Monday. HP had been the top PC vendor in the U.S. for 25 consecutive quarters, IDC said. Dell shipped 3.48 million PCs in the U.S. in Q1, giving it a 25.6% market share, while HP shipped 3.44 million units for a 25.3% market share, IDC said. It was Dell’s first No. 1 ranking in the U.S. since the third quarter of 2009, IDC said. Dell increased its domestic PC unit shipments by 4.2% year over year in the first quarter, while HP’s U.S. shipments declined 14.1%, IDC said. Overall PC shipments in the U.S. fell 5.8% in Q1, IDC said. No. 3 vendor Lenovo increased its shipments by 21.1% to 1.92 million units, giving it a 14.1% market share. No. 4 vendor Apple ( AAPL ) grew its shipments by 5.6% to 1.76 million units, giving it a 13% market share. Gartner ( IT ), which measures the PC market differently from IDC, said Dell was No. 1 in the U.S. in Q1 with a 26.3% market share, followed by HP with 23.7%. On a worldwide basis, PC shipments fell 11.5% to 60.6 million units in the first quarter, IDC said. Gartner put the decline at 9.6%. Gartner said it was the sixth consecutive quarter of global PC shipment declines. Consumer PC sales remain weak, hurt in part by free upgrades to Microsoft ’s ( MSFT ) Windows 10 operating system. Enterprise customers are still mostly testing Windows 10, but adoption by businesses is expected to start in earnest later this year. Lenovo was the top PC vendor worldwide with a 20.1% market share in Q1, IDC said. HP was in second place with a 19.2% market share, followed by Dell (14.9%), Apple (7.4%) and Asus (7.2%), IDC said.

HP Ghosts Apple With Spectre, World’s Thinnest Notebook PC

HP Inc. ( HPQ ) is making a play for the premium notebook computer market long dominated by Apple ( AAPL ). At a luxury products conference in Versailles, France, on Tuesday, HP introduced its Spectre notebook, which it billed as the world’s thinnest laptop. Spectre’s aluminum chassis is as thin as a AAA-battery at just 10.4 millimeters. That compares with 13.1 mm for Apple’s MacBook. Spectre has a full HD 13.3-inch diagonal edge-to-edge display and Bang & Olufsen sound. It is powered by Intel ( INTC ) Core i5 or i7 processors, depending on the model. It will be available for preorder online on April 25 starting at $1,169.99. It is expected to be in Best Buy ( BBY ) stores on May 22 starting at $1,249.99. HP also announced limited edition versions of its Spectre notebooks from designers Tord Boontje and Jess Hannah. “The HP Spectre is the thinnest notebook in the world, and unlike the majority of other super thin PCs on the market, this laptop doesn’t compromise power or features,” said Kevin Frost, HP vice president and general manager for consumer personal systems, in a statement. The Spectre notebook weighs 2.45 pounds and has high-gloss copper accents that give it a jewel-like finish. It boasts up to 9.5 hours of battery life per charge. Also Tuesday, HP refreshed its Envy line of notebooks with screen sizes of 15.6 and 17.3 inches. The 15.6-inch Envy starts at $679.99. The 17.3-inch Envy starts at $1,029.99. HP stock was down 1%, near 12, in midday trading on the stock market today . Shares touched a nearly three-year low of 8.91 on Feb. 11. On Monday, UBS analyst Steven Milunovich reiterated his neutral rating on HP stock with a price target of 11. The Palo Alto, Calif.-based company faces near-term challenges in PCs and printers but has longer-term opportunities in copiers and 3D printers, he said. RELATED: HP Stock Slumps On Continued Weak PC, Printer Sales Outlook