Hewlett-Packard (NYSE:HPQ) shares plunged below 2% in early trading session on Thursday following Jefferies lowered rating on the stock to underperform, or the equivalent of sell, from hold on doubts that the firm is close to make a forceful move into the mobile segment.
Peter Misek expert stated that he anticipates seeing cyclical and secular difficulties for H-P’s (HPQ) PC, services, and printer operations.
But he also hypothesized that the Palo Alto, Calif.-located firm will forcefully target the smartphone and tablet segments, which we think are risky investments.
Its competitors include Accenture Plc (NYSE:ACN) that surged +1.91% to $65.58 with the total traded volume of 2.55 million shares and Dell Inc. (NASDAQ:DELL) that increased +1.36% to $10.06 with the total traded volume of 14.33 million shares.
Other Technology stocks with bullish trend include Oracle Corporation (NASDAQ:ORCL) up +1.97% to $31.33, Corning Incorporated (NYSE:GLW) up +2.95% to $13.24 and Verizon Communications Inc. (NYSE:VZ) up +0.68% to $45.90, whereas with bearish trend include Activision Blizzard, Inc. (NASDAQ:ATVI) down -1.07% to $11.56, Altera Corporation (NASDAQ:ALTR) down -0.58% to $34.57 and Clearwire Corporation (NASDAQ:CLWR) down -3.23% to $1.50.
Hewlett-Packard Company (NYSE:HPQ) stock in current session held volume of 21.30 million shares as compare to its average volume of 23.32 million shares. The stock after opening at $16.81 hit high price of $17.31 and then trading at $17.10 by scoring -0.03%.
As the revenue measures HPQ generated revenue of 122.52 billion in the following twelve months income of -$5557.00 million. The Company showed a negative -4.54% in the net profit margin and in subtraction to in its operating margin which remained -3.08%. Company’s annual sales growth for the past five year was 6.78%.
The stock showed weekly downbeat performance of -5.47% which was maintained for the month at +0.18%. Likewise the negative performance for the quarter was recorded as -11.62% and for the year was -25.80% while the YTD performance remained at -32.34%.
The HPQ past twelve months price to sales ratio was +0.27 and price to cash ratio remained 3.54. As far as the returns are concern, the HPQ return on equity was recorded as -15.78% and decreased -7.52% returns on investment while its return on asset stayed at -4.58%.
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