We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HP's Printable Resources Platform to Support Remote Learning
Read MoreHide Full Article
HP Inc. (HPQ - Free Report) is taking various steps to leverage its printing expertise to help businesses and individuals transition easily to the coronavirus-led stay-at-home era. The company recently announced a suite of free online materials — Print, Play & Learn — to support distance learning and student engagement.
This is leading parents to search for “education continuity plans” for their children at home, causing a 71% rise in HP Smart App daily downloads. Moreover, per a study conducted among 1000 parents by HP, 62% of respondents prefer to keep a home printer to enhance the learning experience and 53% felt that a home printer would keep their children entertained better.
Notably, HP has recently been witnessing declining sales in the Printing business. In the first quarter of fiscal 2020, HP’s Printing revenues (32% of net revenues) fell 6.6% year over year to $4.72 billion.
This is prompting the company to put more effort into pulling the printing segment up. The new printing resource platform will not only help ease the challenges of remote learning but also enable the company to cash in on this opportunity provided by the global stay-at-home situation.
Moreover, last month, HP launched several digital printers and printing solutions to accelerate its transition from analog to digital printing. The portfolio of HP Indigo digital labels and packaging was created especially to be demonstrated in the drupa 2020, which is scheduled to be held from Jun 16 to 26.
HP’s Other Efforts to Help Fight Coronavirus
HP is currently focused on delivering 3D-printed components for face masks, face shields, mask adjusters, nasal swabs, hands-free door openers and respirator parts.
Notably, the company is also collaborating with its partners to create design files for easily assembled parts and make them available online to 3D printer users. Additionally, the company has solicited 3D designers to come up with new applications and ideas to improve the protection of healthcare workers from the coronavirus.
Moreover, HP expects to begin the production of field ventilators and hospital-grade FFP3 face masks soon.
Also, it recently announced various relief initiatives for its global channel partners to mitigate the operational and financial challenges associated with the pandemic.
Zacks Rank and Other Key Picks
HP currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology sector are Avid Technology, Inc., ManTech International Corporation and Zoom Video Communications, Inc. (ZM - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Avid, ManTech and Zoom is currently pegged at 20%, 7.36% and 26.56%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
Image: Bigstock
HP's Printable Resources Platform to Support Remote Learning
HP Inc. (HPQ - Free Report) is taking various steps to leverage its printing expertise to help businesses and individuals transition easily to the coronavirus-led stay-at-home era. The company recently announced a suite of free online materials — Print, Play & Learn — to support distance learning and student engagement.
The resource platform, which was developed in collaboration with Education.com, TIME for Kids, Canva and KiwiCo, is organized on a weekly basis with different content, worksheets, coloring pages, puzzles and other learning printables for parents with children aged 2-12.
As a result of the pandemic-induced work-from-home and homeschooling situation, a common concern of parents around the world is that their children’s education will be affected. With its new resource platform, HP aims to address this concern. Per Gallup, 42% of respondents are concerned about the negative impact of staying a home, on a child's education.
This is leading parents to search for “education continuity plans” for their children at home, causing a 71% rise in HP Smart App daily downloads. Moreover, per a study conducted among 1000 parents by HP, 62% of respondents prefer to keep a home printer to enhance the learning experience and 53% felt that a home printer would keep their children entertained better.
HP Inc. Price and Consensus
HP Inc. price-consensus-chart | HP Inc. Quote
Efforts to Boost Printing Business
Notably, HP has recently been witnessing declining sales in the Printing business. In the first quarter of fiscal 2020, HP’s Printing revenues (32% of net revenues) fell 6.6% year over year to $4.72 billion.
This is prompting the company to put more effort into pulling the printing segment up. The new printing resource platform will not only help ease the challenges of remote learning but also enable the company to cash in on this opportunity provided by the global stay-at-home situation.
Moreover, last month, HP launched several digital printers and printing solutions to accelerate its transition from analog to digital printing. The portfolio of HP Indigo digital labels and packaging was created especially to be demonstrated in the drupa 2020, which is scheduled to be held from Jun 16 to 26.
HP’s Other Efforts to Help Fight Coronavirus
HP is currently focused on delivering 3D-printed components for face masks, face shields, mask adjusters, nasal swabs, hands-free door openers and respirator parts.
Notably, the company is also collaborating with its partners to create design files for easily assembled parts and make them available online to 3D printer users. Additionally, the company has solicited 3D designers to come up with new applications and ideas to improve the protection of healthcare workers from the coronavirus.
Moreover, HP expects to begin the production of field ventilators and hospital-grade FFP3 face masks soon.
Also, it recently announced various relief initiatives for its global channel partners to mitigate the operational and financial challenges associated with the pandemic.
Zacks Rank and Other Key Picks
HP currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology sector are Avid Technology, Inc., ManTech International Corporation and Zoom Video Communications, Inc. (ZM - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Avid, ManTech and Zoom is currently pegged at 20%, 7.36% and 26.56%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>