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HPQ

HP Inc.

$15.95

-0.05 (-0.31%)

, SSNLF

Samsung

12:56
11/22/16
11/22
12:56
11/22/16
12:56

On The Fly: What to watch in HP Inc. earnings report

HP Inc. (HPQ) is scheduled to report results of its fiscal fourth quarter after the market close on November 22, with a conference call scheduled for 5:30 pm ET. What to watch for: 1. EPS CONSENSUS DOWN: Along with its last report, HP Inc. guided for fourth quarter earnings per share in the range of 34c-37c. At the time, the consensus EPS view was 41c, but that figure has since fallen 5c to 36c. 2. SAMSUNG PRINTER BUSINESS ACQUISITION: In September, HP Inc. announced that it had agreed to acquire Samsung's (SSNLF) printer business in a deal valued at $1.05B. HP Inc. said at the time that Samsung's printer business comes with a "compelling" intellectual property portfolio of over 6,500 printing patents and a workforce that includes nearly 1,300 researchers and engineers. HP added in its announcement that the deal is expected to be accretive in the first full year after closing, which is expected to occur within 12 months pending regulatory review and other customary closing conditions. In addition, Samsung has agreed to make a $100M-$300M equity investment in HP through open market purchases after the acquisition closes. In its last report, HP Inc. reported Q3 Printing net revenue of $4.4B, a 14% year-over-year decline on a reported basis. 3. RESTRUCTURING/JOB CUTS: According to a regulatory filing issued on October 13, HP Inc. said that its board of directors approved a restructuring plan that is expected to be implemented through fiscal 2019. Under the plan, HP Inc. intends to cut roughly 3,000-4,000 jobs between fiscal 2017 and fiscal 2019 and expects to incur about $350M-$500M in restructuring and other charges due to both labor and non-labor actions. Of these amounts, HP expects to incur roughly $200M in labor costs as a result of headcount reductions. The restructuring is expected to generate gross annual run rate savings of approximately $200M-$300M beginning in fiscal 2020, the company stated. 4. PC SHIPMENTS: In a report published in early October, Gartner (IT) said that worldwide PC shipments totaled 68.9M units in the third quarter of 2016, marking a 5.7% decline from the same quarter in the previous year. Despite the overall sector decline, HP Inc. shipments in 3Q16 grew 2.3% year-over-year, while Lenovo (LNVGY), which is the leader in PC market share at 20.9%, saw a 2.4% decline in shipments in the quarter, according to Gartner's preliminary research. In addition, HP Inc.'s market share in global PC shipments rose to 20.4% in 3Q16, from 18.8%, Gartner said.

HPQ

HP Inc.

$15.95

-0.05 (-0.31%)

SSNLF

Samsung

IT

Gartner

$103.67

-0.305 (-0.29%)

LNVGY

Lenovo

$12.19

0.005 (0.04%)

  • 22

    Nov

  • 12

    Dec

HPQ HP Inc.
$15.95

-0.05 (-0.31%)

08/25/16
EVER
08/25/16
NO CHANGE
EVER
Micron has positive read through from HP statements, says Evercore ISI
After Hewlett-Packard (HPQ) said, "We are seeing on the horizon some shortages, particularly around LCDs, DRAM, and flash memory.," Evercore ISI analyst C.J. Muse says that the statement is positive for Micron. The analyst keeps a $16 price target and Buy rating on Micron.
10/14/16
BMUR
10/14/16
NO CHANGE
Target $18
BMUR
Buy
HP Inc. new business model conservative, says Brean Capital
Brean Capital analyst Ananda Baruah attended the HP, Inc. analyst day and said although it didn't hold any surprises, he believes the company's new long-term business model remains conservative. The analyst said if the company can execute its model its revenue growth will have to be stronger than stated and its guidance must be conservative. Baruah reiterated his Buy rating and $18 price target on HP, Inc. shares.
08/25/16
MAXM
08/25/16
DOWNGRADE
MAXM
Hold
HP Inc. downgraded to Hold from Buy at Maxim
08/25/16
MAXM
08/25/16
DOWNGRADE
Target $15
MAXM
Hold
HP Inc. downgraded to Hold on pressured printing margins at Maxim
As previously reported, Maxim analyst Nehal Chokshi downgraded HP Inc. to Hold from Buy and lowered his price target to $15 from $17, saying that his analysis points to sustained printing supplies pricing pressure despite the refresh of its printer hardware. Chokshi added that he expects the company to lower its FY17 earnings guidance at its Securities Analyst Meeting in October.
SSNLF Samsung

11/01/16
ADAM
11/01/16
NO CHANGE
Target $13
ADAM
Buy
DSP Group long-term thesis remains on track, says Canaccord
Canaccord analyst Matthew Ramsay noted DSP Group (DSPG) reported strong September results driven by record revenue in new product categories. The analyst noted new design wins and said the company is well positioned to yield a return to solid sales growth at higher margins and has the financial position to secure business with large customers. Ramsay reiterated his Buy rating but lowered his price target to $13 from $14 based on the Samsung (SSNLF) Note 7 cancellation.
11/01/16
BMUR
11/01/16
NO CHANGE
Target $25
BMUR
Buy
Integrated Device continues to push through rough patch, says Brean Capital
Brean Capital analyst Mike Burton noted Integrated Device (IDTI) reported relatively in-line Q1 results and gave mixed guidance as the company is being impacted by Samsung's (SSNLF) Note 7 recall. The analyst believes the company is working through its rough patch and executing well on the margin and cost side of its business model. Burton reiterated his Buy rating and raised his price target to $25 from $23 on Integrated Device shares.
10/26/16
NEED
10/26/16
NO CHANGE
Target $150
NEED
Strong Buy
Needham recommends buying Apple on Pokemon Go, Samsung upside
Following Apple's (AAPL) Q4 results, Needham analyst Laura Martin notes that iPhone revenue rose driven in part by Samsung's (SSNLF) Galaxy Note 7 imploding in September and estimates $10B-$20B of brand value transfers to Apple during the next adoption cycle owing to Samsung's poor handling of the replacement, recall and ultimate discontinuation of the Note 7. Of the company's extra services revenue quarter over quarter, the analyst's channel checks indicate that Niantic and Nintendo's (NTDOY) Pokemon Go represented much of the growth. Martin reiterates a Strong Buy and $150 price target on Apple's shares.
10/18/16
UBSW
10/18/16
NO CHANGE
Target $127
UBSW
Buy
Apple near-term outlook improved, says UBS
UBS analyst Steven Milunovich believe Apple's (AAPL) Q4 guidance could have upside due to an extra week in the quarter and checks that show iPhone 7 demand is a bit better than the iPhone 6s. The analyst also noted the Samsung (SSNLF) Note 7 problem remains a wild card, but believes it should help Apple's retention rate. Milunovich said the current Apple share price reflects a gradual erosion of its installed base and the amount people are willing to spend with Apple, which he believes is conservative. Milunovich reiterated his Buy rating and $127 price target on Apple shares.
IT Gartner
$103.67

-0.305 (-0.29%)

08/25/16
MACQ
08/25/16
INITIATION
Target $108
MACQ
Outperform
Gartner initiated with an Outperform at Macquarie
Macquarie analyst Hamzah Mazari initiated Gartner with an Outperform and $108 price target.
01/25/16
01/25/16
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8x8, Inc. (EGHT) initiated with a Buy at Summit Research... ARI Network (ARIS) initiated with an Outperform at Barrington... Alcobra (ADHD) initiated with an Outperform at Oppenheimer... CNO Financial (CNO) initiated with a Hold at Deutsche Bank... Expedia (EXPE) initiated with an Outperform at Wells Fargo... Gartner (IT) initiated with an Overweight at Atlantic Equities... MAG Silver (MVG) initiated with a Buy at Roth Capital... Mitek Systems (MITK) initiated with an Outperform at Northland... Priceline (PCLN) initiated with a Market Perform at Wells Fargo... QTS Realty Trust (QTS) initiated with a Buy at SunTrust... Seres Therapeutics (MCRB) initiated with a Buy at H.C. Wainwright.
05/06/16
BARD
05/06/16
NO CHANGE
Target $108
BARD
Outperform
Gartner a top core holding for new money, says Baird
Baird recommended purchase of Gartner and called it a top core holding for new money. They called the company's Q1 results excellent, citing broad based strength, and said its outlook is improved given margin stabilization and lessening headwinds. Baird reiterated its Outperform rating and raised its price target to $108 from $93 on Gartner shares.
03/22/16
03/22/16
INITIATION
Target $105

Buy
Gartner initiated with a Buy at Sterne Agee CRT
Target $105.
LNVGY Lenovo
$12.19

0.005 (0.04%)

02/03/16
SBSH
02/03/16
NO CHANGE
SBSH
Citi lowers 2016 PC estimates to down 6% from down 2%
Citi analyst Jim Suva says recent data points indicate above normal PC inventories and "materially below seasonal demand" in early 2016. The analyst cut his 2016 PC estimates to down 6% from down 2%, well below IDC's estimate of down 3%. Suva believes there is a lack of evidence to suggest that Microsoft's (MSFT) Windows' 10 launch will drive a PC refresh in 2016. The analyst cut his estimates and price target for HP Inc. (HPQ) and kept a Neutral rating on the name.
05/27/16
JPMS
05/27/16
DOWNGRADE
JPMS
Neutral
Lenovo downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Gokul Hariharan downgraded Lenovo Group to Neutral saying achieving breakeven levels in FY17 for the mobile business look unlikely.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

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15:17
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$NYE

NYSE Market Internals

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15:16
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NYSE market internals summary »

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GLOW

Glowpoint

$0.33

-0.0056 (-1.68%)

15:08
01/22/18
01/22
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15:08
Hot Stocks
Breaking Hot Stocks news story on Glowpoint »

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INTT

inTEST

$8.84

-0.26 (-2.86%)

15:04
01/22/18
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15:04
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15:04
Initiation
inTEST initiated  »

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NEPT

Neptune Technologies

$3.05

0.14 (4.81%)

15:00
01/22/18
01/22
15:00
01/22/18
15:00
Options
New positions opened in Neptune Tech February puts and calls »

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14:55
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14:55
General news
Treasury Closing Summary: »

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PTEN

Patterson-UTI

$24.48

0.6 (2.51%)

14:54
01/22/18
01/22
14:54
01/22/18
14:54
Periodicals
Patterson-UTI confirms responding to fire at Oklahoma rig, FOX23 says »

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MRNS

Marinus Pharmaceuticals

$6.83

-0.05 (-0.73%)

14:50
01/22/18
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01/22/18
14:50
Options
Notable call buying in Marinus Pharmaceuticals as shares see relative strength »

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AMZN

Amazon.com

$1,294.58

1.26 (0.10%)

, XLI

Industrial Select Sector SPDR

$79.45

-0.24 (-0.30%)

14:49
01/22/18
01/22
14:49
01/22/18
14:49
Technical Analysis
Technical Take: S&P 500 moves to new high, levels to watch »

The S&P 500 (SPX) has…

AMZN

Amazon.com

$1,294.58

1.26 (0.10%)

XLI

Industrial Select Sector SPDR

$79.45

-0.24 (-0.30%)

XLB

S&P Select Materials SPDR

$62.93

-0.35 (-0.55%)

XLY

Consumer Discretionary Sector SPDR

$106.28

0.6762 (0.64%)

XLE

Energy Select Sector SPDR

$77.78

1.4 (1.83%)

XLK

Technology Select Sector SPDR

$68.19

0.385 (0.57%)

SPY

SPDR S&P 500 ETF Trust

$281.59

1.181 (0.42%)

SPX

S&P 500

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  • 01

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  • 18

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CELG

Celgene

$102.65

0.93 (0.91%)

14:40
01/22/18
01/22
14:40
01/22/18
14:40
Options
Celgene calls outpace puts 3:1 as shares tick modestly higher »

Celgene calls outpace…

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  • 22

    Jan

  • 25

    Jan

  • 25

    Jan

  • 16

    Feb

  • 25

    Mar

14:40
01/22/18
01/22
14:40
01/22/18
14:40
General news
Treasury Action: yields have reversed the earlier declines »

Treasury Action: yields…

GENC

Gencor Industries

14:30
01/22/18
01/22
14:30
01/22/18
14:30
Hot Stocks
Royce & Associates reports 7.37% passive stake in Gencor Industries »

In a regulatory filing,…

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BPL

Buckeye Partners

$56.18

1.155 (2.10%)

14:30
01/22/18
01/22
14:30
01/22/18
14:30
Options
Bullish option flow in Buckeye Partners as shares rally »

Bullish option flow in…

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  • 22

    Jan

  • 09

    Feb

CLVS

Clovis

$56.76

0.89 (1.59%)

14:25
01/22/18
01/22
14:25
01/22/18
14:25
Options
Clovis call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Jan

  • 08

    Feb

$NSD

NASDAQ Market Internals

14:17
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14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

14:16
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01/22
14:16
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Technical Analysis
NYSE market internals summary »

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CYBE

Cyberoptics

$17.15

0.45 (2.69%)

14:05
01/22/18
01/22
14:05
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14:05
Hot Stocks
Royce & Associates reports 9.64% passive stake in Cyberoptics »

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FTI

TechnipFMC

$34.31

0.81 (2.42%)

14:05
01/22/18
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14:05
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14:05
Options
FMC Technologies call volume above normal and directionally bullish »

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  • 22

    Feb

CTB

Cooper Tire

$39.65

-0.7 (-1.73%)

14:04
01/22/18
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14:04
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14:04
Hot Stocks
Royce & Associates reports 5.14% passive stake in Cooper Tire »

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CTG

Computer Task Group

$5.09

0.12 (2.41%)

14:02
01/22/18
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14:02
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14:02
Hot Stocks
Breaking Hot Stocks news story on Computer Task Group »

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JUNO

Juno Therapeutics

$85.88

18.185 (26.87%)

14:01
01/22/18
01/22
14:01
01/22/18
14:01
Downgrade
Juno Therapeutics rating change  »

Juno Therapeutics…

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INGR

Ingredion

$140.05

2.92 (2.13%)

13:47
01/22/18
01/22
13:47
01/22/18
13:47
Hot Stocks
Ingredion promotes Anthony DeLio to SVP, corporate strategy »

Ingredion Incorporated…

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  • 01

    Feb

ADSK

Autodesk

$115.29

2.74 (2.43%)

13:45
01/22/18
01/22
13:45
01/22/18
13:45
Options
Autodesk call volume above normal and directionally bullish »

Bullish option flow…

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GLOB

Globant

$47.41

-0.86 (-1.78%)

13:44
01/22/18
01/22
13:44
01/22/18
13:44
Hot Stocks
Breaking Hot Stocks news story on Globant »

JP Morgan Chase reports…

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  • 15

    Feb

NWSA

News Corp.

$17.22

0.21 (1.23%)

, NWS

News Corp

$17.55

0.15 (0.86%)

13:39
01/22/18
01/22
13:39
01/22/18
13:39
Hot Stocks
News Corp. chairman Murdoch makes case for carriage fee for trusted publishers »

News Corp. (NWSA) issued…

NWSA

News Corp.

$17.22

0.21 (1.23%)

NWS

News Corp

$17.55

0.15 (0.86%)

FB

Facebook

$181.29

1.49 (0.83%)

GOOG

Alphabet

$1,137.51

7.72 (0.68%)

GOOGL

Alphabet Class A

$1,143.50

7.53 (0.66%)

03/08/13
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  • 23

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