Hewlett-Packard (HPQ) Gets Shellacked as $8.8B Fraud Spoils Q4
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UBS Maintains Sell on HP (HPQ) as Competitors Take Bite Out of Profits
November 21, 2012 1:55 PM ESTYesterday's top news was Hewlett-Packard (NYSE: HPQ) multi-billion dollar charge related to alleged accounting fraud at Autonomy. While disappointing, Autonomy is not HP's only problem. Besides macro concerns and secular headwinds, HP may have competitive problems as well.
"HP is losing share... More
More Negatives on the Horizon for HP (HPQ) - Goldman Sachs
November 21, 2012 8:56 AM ESTWith shares of Hewlett-Packard (NYSE: HPQ) down 12 percent Tuesday on disclosure of accounting fraud at Autonomy, and trading at just 3.3x the top end of the company's fiscal 2013 EPS guidance, many may be licking their chops to buy the stock. DON'T say analysts at Goldman... More
Still Not Time to Buy HP (HPQ) - BMO Capital
November 20, 2012 12:53 PM ESTDespite the massive sell-off in Hewlett-Packard (NYSE: HPQ) Tuesday amid the disclosure of the Autonomy accounting fraud, which came along with decent Q4 results and lackluster Q1 guidance, BMO Capital analysts Keith Bachman is not biting.
On the quarter, the analyst notes... More
Hewlett-Packard (HPQ) Gets No Help from Analysts as Surprise Charges Adds to Secular Difficulty
November 20, 2012 12:43 PM ESTFollowing Hewlett-Packard (NYSE: HPQ) Q3 earnings report, Sterne Agee maintained a Neutral rating on the stock, noting weak January quarter outlook and a $8.8 billion charge tied to Autonomy accounting fraud.
Analyst Shaw Wu said "While the write-down is non-cash, it may... More
ISI Group Downgrades Hewlett-Packard (HPQ) to Neutral
November 20, 2012 9:37 AM ESTISI Group downgraded Hewlett-Packard (NYSE: HPQ) from Buy to Neutral following disclosure of fraud ad Autonomy.
For an analyst ratings summary and ratings history on Hewlett-Packard click here. For more ratings news on Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $13.30 yesterday, with a 52 week range of $12.36-$30.00.... More
Raymond James Downgrades Hewlett-Packard (HPQ) to Market Perform
November 20, 2012 8:29 AM ESTRaymond James downgraded Hewlett-Packard (NYSE: HPQ) from Outperform to Market Perform following this morning's Q4 results and disclosure of accounting fraud at Autonomy and a related charge.
For an analyst ratings summary and ratings history on Hewlett-Packard... More
HP (HPQ) Slammed on Weak Q1 Guidance, Disclosure of Fraud at Autonomy
November 20, 2012 7:45 AM ESTHewlett-Packard (NYSE: HPQ) is trading down 7% in pre-open action following Q4 results, weak Q1 guidance and the disclosure that there was accounting fraud at Autonomy, the software company they bought in 2011.... More
Hewlett-Packard Company (HPQ) Tops Q4 EPS by 2c; Guides Below the Street, Takes Large Impairment Charge on Autonomy
November 20, 2012 7:32 AM ESTHewlett-Packard Company (NYSE: HPQ) reported Q4 EPS of $1.16, $0.02 better than the analyst estimate of $1.14. Revenue for the quarter came in at $30 billion versus the consensus estimate of $30.4 billion.
Hewlett-Packard Company sees Q1 2013 EPS of $0.68-0.71, versus the consensus of $0.85.
Takes $8.8 billion impairment... More
