Following a board shakeup that investors alleged was late, CEO of Hewlett-Packard Company (NYSE:HPQ), Meg Whitman is looking for use a new line of servers to leap-start a multiyear turnaround of a firm that has become a symbol of corporate mismanagement.
Hewlett-Packard declared previous week that Chairman Ray Lane is resigning at the same time as two other directors are resigning. That is giving the 74-year-old computer creator a chance to bounce back from a 3 year make bigger of falling sales, strategy shifts and management turmoil.
Director of Relational Investors LLC, Ralph Whitworth will be interim chairman whereas directors look for someone with the time, energy and ability to direct the board and stay renewal efforts on track, the company declared.
Hewlett-Packard Company (NYSE:HPQ) stock hit highest price at $22.24, beginning with a price of $22.05 and reported decreased -1.27% to $21.72 at 10:46AM EDT with day range of $21.67-$22.24. The total market capitalization remained $42.19 billion current volume was 2.73 million shares lower than its average volume of 30.78 million shares.
To check the Stocks ups and downs, HPQ last week stock price volatility remained 2.60% and month was at 2.45%. HPQ generated revenue of 118.68 billion in the following twelve months income of -$12886.00 million. The Company showed a negative -10.86% in the net profit margin and in addition to in its operating margin which remained -9.56%. Company’s annual sales growth for the past five year was 2.91%.
The HPQ past twelve months price to sales ratio was 0.36 and price to cash ratio remained 3.39. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained International Business Machines Corp. (NYSE:IBM)’s P/S 2.23% P/C 20.97%, Teradata Corporation (NYSE:TDC)’s P/S 3.30% P/C 12.08%, Silicon Graphics International Corp (NASDAQ:SGI)’s P/S 0.54% P/C 3.23%, Cray Inc. (NASDAQ:CRAY)’s P/S 1.99% P/C 2.74%.
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