Secular decreases in PC and print spending are likely to impede HP's growth prospects.
HP Inc announced fiscal-year 2017 guidance that was roughly in line with our expectations. Shares were down slightly in after-hours trading in response to the news. We are maintaining our no-moat rating and reiterate our $16 fair value estimate on the stock, and all in all, we would still encourage investors to seek a wider margin of safety before investing in this name.HP expects its fiscal-year 2017 non-GAAP earnings per share to be in the range of $1.55-$1.65, slightly below consensus and ou...
HP is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company's segments are: Personal Systems, which provides commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services; Printing, which provides consumer and commercial printer hardware, supplies, solutions and services, as well as scanning devices; and Corporate Investments, which includes HP Labs and certain business incubation and investment projects.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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