You are using an older browser version. Please use a supported version for the best MSN experience.

HP, Inc. - Strong Buy On PC Sales Data

Seeking Alpha logo Seeking Alpha 3 days ago Gary Alexander

IDC reported that PC shipments have risen during the 2017 holiday period for the first time in six years.

The biggest winner is HP, which not only retained its #1 market share but also is estimated to have grown share by ~1%.

a screenshot of a cell phone: Chart© Provided by Seeking Alpha Chart

HP's estimated Q4 and FY17 market share is 23.5% and 22.7%, respectively, a point higher than its next largest rival Lenovo.

IDC also estimates that HP's Q4 shipments of 16.6 million grew 8.3% y/y, much faster than the anemic 0.7% growth in the industry.

While shares have risen modestly since the report, HP's stock still hasn't fully priced in the strong results expected to release in mid-February. Shares still trade at ~13x forward P/E.

Click here to read the full article

Poll

  • Oil prices have been volatile. How are you reacting?

    Not scientifically valid. Results are updated every minute.

    Total responses:16534VOTES
AdChoices
AdChoices
AdChoices

More from Seeking Alpha

image beaconimage beaconimage beacon