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HPQ

HP Inc.

$18.97

-0.4 (-2.07%)

18:48
03/25/19
03/25
18:48
03/25/19
18:48

HP lawyer tells court Autonomy's Lynch inflated sales data, Reuters says

A lawyer for HP told a London Court that U.K. entrepreneur Mike Lynch artificially inflated revenue at his company Autonomy prior to selling it to the U.S. firm for $11B, Reuters' Georgina Prodhan reports. HP is suing Lynch, along with his former finance chief Sushovan Hussain, for $5B after the 2011 transaction went poorly for HP, Prodhan notes. Lynch denies any wrongdoing and claims that HP's mismanagement was responsible for the deal's failure, the author notes. Reference Link

  • 23

    Apr

HPQ HP Inc.
$18.97

-0.4 (-2.07%)

02/11/19
PIPR
02/11/19
NO CHANGE
PIPR
Piper storage survey positive for Pure Storage, Nutanix, NetApp
Piper Jaffray conducted its fiscal Q4 Storage Reseller Survey by collecting feedback from 28 resellers and distributors. While only five of 14 vendors had net positive results versus six of the 14 last quarter, the firm saw "strong results" for Pure Storage (PSTG), Rubrik, Nutanix (NTNX), Veeam and NetApp (NTAP), analyst Andrew Nowinski told investors earlier in a research note. Pure Storage also had the strongest pipeline heading into the April quarter, added the analyst. The company's results sharply improved in the survey, with 67% of resellers citing "Above Plan" results, the highest level seen in three years, says Nowinski. The stock in early trading is up 19c to $18.47. Of those surveyed by Piper, 36% of resellers said they saw a negative impact from the U.S. government shutdown, with Dell (DELL), HP/3PAR (HPQ) and IBM (IMB) the most impacted.
02/28/19
BOFA
02/28/19
DOWNGRADE
BOFA
Underperform
HP Inc. downgraded to Underperform from Buy at BofA/Merrill
02/28/19
BOFA
02/28/19
DOWNGRADE
Target $19
BOFA
Underperform
BofA double downgrades HP Inc. to Underperform after earnings
As previously reported, BofA analyst Wamsi Mohan downgraded HP Inc. two notches, to Underperform from Buy, following the company's Q1 report last night. His prior thesis was built on expectations for stability in high margin print supplies, which he now has lower confidence in, he tells investors. Mohan sees volatility in supplies growth leading to lower confidence in predictability and he thinks the company's unchanged guidance looks high given the shortfall in supplies. He also worries about cash flow headwinds from higher restructuring costs and investments while calling out the risk of an incremental PC slowdown. Mohan cut his price target on HP Inc. shares to $19 from $30.
02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CTRP

Ctrip

$36.67

-2.15 (-5.54%)

06:47
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06:47
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Ctrip, WWF China partner to boost eco-tourism »

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HELE

Helen of Troy

$137.30

-0.01 (-0.01%)

06:45
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06:45
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Helen of Troy announces new $400M share repurchase program »

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ARCC

Ares Capital

$17.79

0.185 (1.05%)

06:43
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06:43
Conference/Events
Ares Capital to host investor day »

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AZZ

AZZ Inc.

$45.54

-1.08 (-2.32%)

06:41
05/20/19
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06:41
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06:41
Earnings
AZZ Inc. backs FY20 EPS view $2.25-$2.75, consensus $2.54 »

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AZZ

AZZ Inc.

$45.54

-1.08 (-2.32%)

06:40
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06:40
Earnings
AZZ Inc. reports Q4 EPS 34c, consensus 47c »

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  • 20

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NRG

NRG Energy

$35.58

-0.22 (-0.61%)

06:35
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06:35
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NRG Energy to acquire Stream Energy's electricity and nat gas business for $300M »

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ZM

Zoom Video

$89.91

6.14 (7.33%)

06:35
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06:35
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06:35
Initiation
Zoom Video initiated  »

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  • 06

    Jun

OSW

OneSpaWorld

$13.50

-0.04 (-0.30%)

06:33
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05/20
06:33
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06:33
Initiation
OneSpaWorld initiated  »

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JACK

Jack in the Box

$82.22

3.27 (4.14%)

06:32
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05/20
06:32
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06:32
Upgrade
Jack in the Box rating change  »

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DVN

Devon Energy

06:29
05/20/19
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06:29
Initiation
Devon Energy initiated  »

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  • 22

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NOK

Nokia

$4.95

-0.055 (-1.10%)

06:29
05/20/19
05/20
06:29
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06:29
Upgrade
Nokia rating change  »

Nokia upgraded to Buy…

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  • 20

    May

GOOG

Alphabet

$1,161.89

-16.89 (-1.43%)

, GOOGL

Alphabet Class A

$1,168.28

-15.39 (-1.30%)

06:27
05/20/19
05/20
06:27
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06:27
Periodicals
Capital spending slows in Q1 amid ongoing trade concerns, WSJ reports »

Capital spending has…

GOOG

Alphabet

$1,161.89

-16.89 (-1.43%)

GOOGL

Alphabet Class A

$1,168.28

-15.39 (-1.30%)

AAPL

Apple

$188.97

-0.93 (-0.49%)

T

AT&T

$31.79

0.17 (0.54%)

VZ

Verizon

$58.08

0.67 (1.17%)

03/08/13
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    Oct

XEC

Cimarex Energy

$68.58

-0.69 (-1.00%)

06:27
05/20/19
05/20
06:27
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06:27
Initiation
Cimarex Energy initiated  »

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  • 21

    May

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    May

FMC

FMC Corporation

$75.25

-0.51 (-0.67%)

06:27
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05/20
06:27
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06:27
Initiation
FMC Corporation initiated  »

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  • 22

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MGY

Magnolia Oil & Gas

$12.36

-0.21 (-1.67%)

06:26
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Initiation
Magnolia Oil & Gas initiated  »

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  • 22

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NKE

Nike

$84.55

0.3 (0.36%)

06:26
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06:26
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Nike adds new terms to contracts with athletes to support them during pregnancy »

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CDEV

Centennial Resource Development

$10.04

-0.27 (-2.62%)

06:24
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Initiation
Centennial Resource Development initiated  »

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  • 22

    May

AAL

American Airlines

$31.76

-0.68 (-2.10%)

06:24
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Downgrade
American Airlines rating change  »

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MSFT

Microsoft

$128.03

-0.97 (-0.75%)

06:23
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Recommendations
Microsoft analyst commentary  »

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AZZ

AZZ Inc.

$45.54

-1.08 (-2.32%)

06:21
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AZZ Inc. appoints Grant Thornton as accounting, audit firm »

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  • 20

    May

XOG

Extraction Oil & Gas

$3.97

-0.2 (-4.80%)

06:20
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Initiation
Extraction Oil & Gas initiated  »

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BP

BP

$42.34

0.02 (0.05%)

06:18
05/20/19
05/20
06:18
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06:18
Periodicals
BP ramped up Arctic drilling campaign after Trump's election, Guardian reports »

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  • 22

    May

DAL

Delta Air Lines

06:18
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06:18
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06:18
Downgrade
Delta Air Lines rating change  »

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  • 21

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SRCI

SRC Energy

$5.46

-0.06 (-1.09%)

06:18
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SRC Energy initiated  »

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PDCE

PDC Energy

$36.67

-0.55 (-1.48%)

06:16
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  • 22

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