The Best And Worst Technology Company Stocks In 2015
Tech Stocks: Losers Far Outnumber Stock Price Winners In 2015
For the 40 publicly traded companies on our watch list, 2015 wasn't the greatest of years with only 15 recording stock price gains during the year and 25 seeing their share prices decline – some by significant double digits.
How does that compare to the stock market overall? Last year was definitely a mixed bag with the Dow Jones Index down 2.23 percent in 2015 while the Nasdaq was up 5.73 percent.
Here's a look at who was up and who was down in 2015 starting with companies with the biggest gains in share price, based on stock closing prices between Dec. 31, 2014, and Dec. 31, 2015.
Note: Because Hewlett-Packard's split into two companies occurred Nov. 1, we've included the new companies in slides at the end but not included them in our ranking.
Amazon
CEO: Jeff Bezos
Dec. 31, 2014: $310.35
Dec. 31, 2015: $675.89
Change: +117.78%
While some tech stocks reported significant gains in their share price in 2015, Amazon's more than doubled in value.
For the first nine months of the year, Amazon's sales grew more than 20 percent to $71.26 billion from $59.66 billion in the same period one year before. Net income reached $114 million versus a $455 million loss in the first nine months of 2014.
In 2015 the company disclosed just what a juggernaut its Amazon Web Services has become. In the first nine months AWS generated $5.47 billion in revenue and $1.18 billion in operating income – the latter almost three times the operating income from the first nine months of the previous year.
Alphabet (Google)
CEO: Larry Page
Dec. 31, 2014: $526.40
Dec. 31, 2015: $758.88
Change: +44.16%
In 2015 Google created a new operating structure that included Alphabet, a holding company that includes the traditional Google businesses, along with other nascent operations and projects. The new structure was effective Oct. 2, with every share of Google stock automatically converting to Alphabet stock.
For the nine months ended Sept. 30, Google reported revenue of $53.66 billion, up 12 percent from $47.90 billion in the same period in 2014. Net income was $11.43 billion, up nearly 21 percent year over year from $9.46 billion.
Palo Alto Networks
CEO: Mark McLaughlin
Dec. 31, 2014: $122.57
Dec. 31, 2015: $176.14
Change: +43.71%
Cybersecurity technology developer Palo Alto Networks has been a highflier in recent years, growing its sales at a rapid clip with the value of its stock also on the rise. In July JPMorgan issued a report that predicted the company would more than triple its market share by 2024.
In May the company acquired CirroSecure, a developer of technology for managing and securing Software-as-a-Service applications. The technology was the foundation of Palo Alto Networks' Aperture product that launched in September.
In November the company reported that in its fiscal 2016 first quarter ended Oct. 31 revenue grew 55 percent to $297.2 million from $192.3 million the year before. The company reported a loss of $38.7 million versus a loss of $30.1 million the previous year.
Salesforce.com
CEO: Marc Benioff
Dec. 31, 2014: $59.31
Dec. 31, 2015: $78.40
Change: +32.19%
Salesforce.com is another IT vendor that's been on a fast growth trajectory in recent years. In February it hit a $5 billion annual run rate and by year's end CEO Marc Benioff said he had his eye on $10 billion in annual revenue.
Earlier this year the company was reported to be an acquisition target by a number of companies, including Microsoft with a reported offer of $55 billion, Oracle and SAP. But it never happened and it's questionable whether any company could afford its high market capitalization.
For the first three quarters ended Oct. 31 of fiscal 2016, Salesforce reported revenue of $4.86 billion, up almost 24 percent from $3.93 billion in the same period one year earlier. The company is forecasting that revenue could reach $6.65 billion for all of fiscal 2016.
Juniper Networks
CEO: Rami Rahim
Dec. 31, 2014: $22.32
Dec. 31, 2015: $27.60
Change: +23.66%
It's been a tough couple of years for Juniper with uneven financial results, executive defections and other challenges. But 2016 may go down as the year of its turnaround.
For all of 2015 Juniper reported revenue of $4.86 billion, up 5 percent from $4.63 billion in 2014. And the company reported net income of $633.7 million compared with a $334.3 million loss in 2014.
Juniper also achieved a level of stability in personnel that it has lacked in recent years. And in November a report from Synergy Research Group said the company was "eating Cisco's lunch" in the U.S. service provider router market.
Red Hat
CEO: James Whitehurst
Dec. 31, 2014: $69.14
Dec. 31, 2015: $82.81
Change: +19.77%
Enterprise software vendor Red Hat expanded its reach in the DevOps arena in October with the acquisition of Ansible, a developer of IT automation software used to deploy and manage cloud and on-premise applications in hybrid computing environments. Some reports said Red Hat paid more than $100 million for the acquisition.
For the first three quarters ended Nov. 30 of fiscal 2016, Red Hat reported revenue of $1.51 billion, up nearly 14 percent from $1.33 billion in the first three quarters of fiscal 2015. Combined net income in the three quarters rose more than 10 percent year over year to $146.3 million from $132.5 million.
Microsoft
CEO: Satya Nadella
Dec. 31, 2014: $46.45
Dec. 31, 2015: $55.48
Change: +19.44%
Microsoft took a $7.5 billion write-down on its Nokia phone handset business unit in July, a clear signal that the company's efforts to become a player in the mobile phone device market had been a failure. At the same time the company announced plans to cut as many as 7,800 employees, most from the mobile phone business, in a corporate restructuring that resulted in a $780 million charge against fiscal 2015 fourth-quarter earnings.
Also in July Microsoft released Windows 10, the next release of the vendor's flagship operating system software for PCs and mobile devices. On Jan. 4, 2016, the company said Windows 10 was running on 200 million devices worldwide.
For the fiscal 2016 first quarter ended Sept. 30, Microsoft reported revenue of $20.38 billion, down 12 percent from $23.20 billion in the same period one year earlier. But net income grew nearly 2 percent year over year to $4.62 billion from $4.54 billion.
Citrix Systems
CEO: Kirill Tatarinov
Dec. 31, 2014: $63.80
Dec. 31, 2015: $75.65
Change: +18.57%
With Citrix under pressure from activist investor Elliott Management to make significant changes to its business strategy and corporate structure, 2015 was a turbulent year for the company. In July the company announced that CEO Mark Templeton would be leaving and began the search for a new CEO. In January, after the period covered in this analysis, Citrix named former Microsoft executive Kirill Tatarinov to be the company's new CEO.
The company also had two waves of layoffs during the year and in November revealed plans to spin off its GoTo line of Software-as-a-Service applications.
For all of 2015 Citrix reported revenue of $3.28 billion, up more than 4 percent from $3.14 billion in 2014. Net income for the year was $319.4 million, up 27 percent from $251.7 million in 2014.
Netgear
CEO: Patrick Lo
Dec. 31, 2014: $35.58
Dec. 31, 2015: $41.91
Change: +17.79%
For the first nine months of 2015, networking equipment manufacturer Netgear reported revenue of $939.8 million, down nearly 10 percent from $1.04 billion in the same period in 2014. Net income was down nearly 46 percent year over year to $26.8 million from $49.1 million.
SAP
CEO: Bill McDermott
Dec. 31, 2014: $69.65
Dec. 31, 2015: $79.10
Change: +13.57%
SAP has been undergoing a massive transformation from its core business of selling on-premise applications to providing cloud-based applications and services to customers of all sizes.
In February the company released SAP Business Suite 4 SAP HANA, the next generation of the company's flagship ERP application set, and 2,700 customers were using the software by year's end. Also new was the vendor's SAP Anywhere cloud front-office applications, which initially debuted in China and is scheduled for availability in the U.S. this year.
For all of 2015 SAP reported that revenue grew 18 percent to 20.80 billion Euros (U.S. $22.50 billion) from 17.56 billion Euros (U.S. $18.99 billion) in 2014. That included 20 percent growth in cloud and software revenue to 17.22 billion Euros (U.S. $18.62 billion) and 110 percent growth in cloud subscriptions and support to 2.29 billion Euros (U.S. $2.47 billion). Profit after taxes for all of 2015 was 3.06 billion Euros (U.S. $3.31 billion), down 7 percent from 3.28 billion Euros (U.S. $3.55 billion) in 2014.
Tableau Software
CEO: Christian Chabot
Dec. 31, 2014: $84.76
Dec. 31, 2015: $94.22
Change: +11.16%
Data visualization and analytics software developer Tableau went public in May 2013 at $47 a share and since then the company has continued to ride the big data technology wave.
In April the company launched Tableau 9.0, a major release of its flagship visual analytics software. Later in the year the company updated the software with 9.1 and 9.2 releases.
For the first nine months of 2015, Tableau reported revenue of $450.8 million, up 67 percent from $269.7 million in the first nine months of 2014. But the company's loss for the nine months grew to $42.4 million compared with $14.8 million one year before.
Advanced Micro Devices
CEO: Lisa Su
Dec. 31, 2014: $2.67
Dec. 31, 2015: $2.87
Change: +7.49%
Chip-maker AMD continued to innovate in 2015, unveiling in June its sixth-generation A-Series mobile microprocessor known as Carrizo. Industry pundits hailed the chip's technology for its longer battery life, better graphics and enhanced performance with Windows 10.
But AMD's impressive technology wasn't enough to turn around its financial difficulties. For all of 2015 AMD reported revenue of $3.99 billion, down 28 percent from $5.51 billion in 2014. The company's loss for the year was $660 million compared with 2014's $403 million loss.
Check Point Software Technologies
CEO: Gil Shwed
Dec. 31, 2014: $78.57
Dec. 31, 2015: $81.38
Change: +3.58%
In September Check Point Software Technologies debuted its SandBlast advanced threat detection and prevention software that competes with Palo Alto Networks' Wildfire and products from other competitors.
For the first nine months of 2015, Check Point reported revenue of $1.17 billion, up 9 percent from $1.08 billion in the same period in 2014. Net income grew almost 4 percent year over year to $491.3 million in the first nine months of 2015 from $473.8 million in 2014.
AT&T
CEO: Randall Stephenson
Dec. 31, 2014: $33.59
Dec. 31, 2015: $34.41
Change: +2.44%
In July AT&T completed its $49 billion acquisition of pay TV service provider DirectTV, allowing the company to expand its high-speed Internet service offerings.
For all of 2015 AT&T reported sales of $146.80 billion, up nearly 11 percent from $132.45 billion in 2014. Net income for the year more than doubled to $13.69 billion from $6.74 billion in 2014.
Motorola Solutions
CEO: Greg Brown
Dec. 31, 2014: $67.08
Dec. 31, 2015: $68.45
Change: +2.04%
For the first nine months of 2015, Motorola Solutions reported sales of $4.01 billion, virtually flat with sales in same period in 2014. But the company's net earnings for the nine months were $331 million, far below the $1.1 billion in earnings the company reported for the same period in 2014.
Cisco Systems
CEO: Chuck Robbins
Dec. 31, 2014: $27.82
Dec. 31, 2015: $27.16
Change: -2.37%
It was a year of change for networking giant Cisco as longtime CEO John Chambers stepped down and company veteran Chuck Robbins took over the top post. That set off a series of management changes throughout the company as Robbins assembled his own management team.
There were strategic changes at Cisco as well, including a greater focus on IT security and the closing of the company's Invicta storage business. The company's growing emphasis on cloud computing and security were evident in its acquisitions of Piston Cloud Computing, OpenDNS and Tropo.
For its fiscal 2016 first quarter ended Oct. 24, Cisco reported revenue of $12.68 billion, up 3.5 percent from $12.25 billion in the first quarter of fiscal 2015. Net income for the quarter was $2.43 billion, up 33 percent year over year from $1.83 billion.
Apple
CEO: Tim Cook
Dec. 31, 2014: $109.33
Dec. 31, 2015: $105.26
Change: -3.72%
In September Apple began selling the iPhone 6s and 6s Plus, the latest editions of the company's popular smartphone. In March the company began selling the long-awaited Apple Watch.
For the company's fiscal 2015 ended Sept. 26, Apple reported sales of $233.72 billion, up nearly 28 percent from $182.80 billion in fiscal 2014. Net income soared 35 percent to $53.4 billion in fiscal 2015 from $39.5 billion one year before.
Intel
CEO: Brian Krzanich
Dec. 31, 2014: $36.29
Dec. 31, 2015: $34.45
Change: -5.07%
Stagnant PC sales have meant slower revenue growth for Intel in recent years given its dependence on selling processors for that market. The company has struggled to compete in the market for chips for mobile devices, but it has been growing its sales of processors for data center systems and for the nascent Internet of Things arena.
For 2015 Intel reported revenue of $55.4 billion, down 1 percent from $55.9 billion in 2014. Net income was down 2 percent year over year to $11.4 billion from $11.7 billion in 2014.
CA Technologies
CEO: Michael Gregoire
Dec. 31, 2014: $30.45
Dec. 31, 2015: $28.56
Change: -6.21%
CA Technologies has been reinventing itself with a focus on systems and cloud management, security and DevOps software.
In November the company announced an accelerated stock repurchase program with authorization for purchasing an additional $750 million in traded shares.
For the first half ended Sept. 30 of fiscal 2016, CA reported revenue of $1.98 billion, down nearly 8 percent from $2.15 billion in the first half of fiscal 2015. Net income for the period was down 18 percent year over year to $386 million from $473 million.
QLogic
CEO: Jean Hu
Dec. 31, 2014: $13.32
Dec. 31, 2015: $12.20
Change: -8.41%
In November QLogic's board approved a $125 million stock repurchase program.
For the first half ended Sept. 27 of fiscal 2016, QLogic, a network infrastructure equipment manufacturer, reported revenue of $216.8 million, down more than 12 percent from just less than $247.0 million in the first half of fiscal 2015. Net income for the first half of fiscal 2016 plunged 72 percent year over year to $4.79 million from $17.0 million.
EMC
CEO: Joe Tucci
Dec. 31, 2014: $29.74
Dec. 31, 2015: $25.68
Change: -13.65%
On October 12 Dell stunned the industry when it unveiled a deal to acquire storage technology giant EMC for $67 billion in the biggest information technology acquisition ever – a move that many expect will reorder the IT industry's competitive landscape.
The acquisition won't be completed until sometime after May. And questions remain as to which parts of the EMC Federation Dell will retain, including VMware, RSA and other operating units, and which ones it might spin off.
For all of 2015 EMC reported revenue of $24.70 billion, up 1 percent from $24.44 billion in 2014. But net income for the year was $1.99 billion, down almost 27 percent from $2.71 billion in 2014.
Panasonic
CEO (North America): Joe Taylor
Dec. 31, 2014: $11.77
Dec. 31, 2015: $10.13
Change: -13.93%
For the first half ended Sept. 30 of fiscal 2016, Panasonic reported revenue of 3.76 trillion Yen (U.S. $31.67 billion), up 1 percent from 3.72 trillion Yen (U.S. $31.35 billion) in the first half of fiscal 2015.
Net income for the six months rose 38 percent to 111.3 billion Yen (U.S. $937.7 million) from 80.93 billion Yen (U.S. $681.7 million) in the first half of fiscal 2015.
IBM
CEO: Virginia Rometty
Dec. 31, 2014: $160.44
Dec. 31, 2015: $137.62
Change: -14.22%
IBM's efforts to transform itself continued in 2015 as the company sought to move away from its reliance on hardware sales and focus on growth areas such as cloud computing, security and business analytics – what the company calls "strategic imperatives" that accounted for 35 percent of sales in 2015. But while the company remained profitable in 2015, overall sales declined, continuing the trend of the past several years.
For all of 2015 IBM reported revenue of $81.74 billion, down almost 12 percent from $92.79 billion in 2014. But the company's net income for the year climbed almost 10 percent year over year to $13.19 billion from $12.02 billion in 2014.
BlackBerry
CEO: John Chen
Dec. 31, 2014: $10.98
Dec. 31, 2015: $9.28
Change: -15.48%
In September BlackBerry unveiled a deal to acquire mobile device management and security company Good Technology for $425 million in effort to expand its cross-platform enterprise mobility management portfolio.
For the first three quarters (ended Nov. 28) of fiscal 2016, BlackBerry reported revenue of $1.70 billion, down nearly 37 percent from $2.68 billion in the same period in fiscal 2015. But the company reported net income of $30 million for the most recent three quarters compared with a loss of $332 million one year earlier.
Symantec
CEO: Michael Brown
Dec. 31, 2014: $25.66
Dec. 31, 2015: $21.00
Change: -18.16%
Symantec had a difficult 2015 with declining revenue and profits, layoffs and executive defections. In October 2014 the company had announced a plan to split into two companies, one focused on security technology and the other on data management. In August 2015 the company announced a deal to sell its Veritas data management business to The Carlyle Group. The deal closed Jan. 29.
For the first half ended Oct. 2 of fiscal 2016, Symantec reported revenue of just less than $3.0 billion, down 11 percent from $3.35 billion in the first half of fiscal 2015. Net income for the six months was $273 million, down 43 percent from $480 million in the same period one year before.
Oracle
Co-CEOs: Mark Hurd and Safra Catz
Dec. 31, 2014: $44.97
Dec. 31, 2015: $36.53
Change: -18.77%
Oracle continued its pivot to cloud computing in 2015 as the vendor debuted additions to its Software-, Platform- and Infrastructure-as-a-Service product lines. It also expanded its offerings with acquisitions such as Maxymiser, a developer of marketing cloud applications, and StackEngine, a provider of software for managing Docker platform applications.
For the first six months ended Nov. 30 of fiscal 2016, Oracle reported revenue of $17.44 billion, down 4 percent from $18.19 billion in the same period in fiscal 2015. Net income for the six months was down 16 percent year over year to $3.95 billion from $4.69 billion.
Brocade Communications Systems
CEO: Lloyd Carney
Dec. 31, 2014: $11.84
Dec. 31, 2015: $9.18
Change: -22.47%
In September Brocade increased its stock repurchase authorization by $700 million, bringing the total of the program to more than $1 billion.
For the company's fiscal 2015 ended Oct. 31, Brocade reported revenue of $2.26 billion, up more than 2 percent from $2.21 billion in fiscal 2014. Net income for 2015 grew 43 percent year over year to $340.4 million from $238.0 million.
NetSuite
CEO: Zach Nelson
Dec. 31, 2014: $109.17
Dec. 31, 2015: $84.62
Change: -22.49%
Throughout 2015 NetSuite continued to grow its sales at a consistent rate of 34 percent to 35 percent. But profitability remained elusive for the cloud application vendor and that apparently took a toll on the company's share price in 2015.
Xerox
CEO: Ursula Burns
Dec. 31, 2014: $13.86
Dec. 31, 2015: $10.63
Change: -23.30%
In October, after reporting a third-quarter $34 million loss, Xerox announced that its board had authorized a review of a company's business portfolio and capital allocation options with a goal of enhancing shareholder value. On Jan. 29 Xerox announced a plan to split into two publicly traded companies, one focused on hardware and the other on business process outsourcing.
For the first three quarters of 2015, Xerox reported sales of $13.39 billion, down 8 percent from $14.51 billion in the first three quarters of 2014. The company's loss for the three quarters was $203 million compared with a loss of $813 million in the first three quarters of 2014.
Lenovo Group
CEO: Yang Yuanqing
Dec. 31, 2014: $26.22
Dec. 31, 2015: $20.08
Change: -23.42%
Lenovo was hit hard by the worldwide slowdown in PC sales and that took a toll on the company's revenue and earnings in 2015. Early in the year the company began implementing a cost-cutting plan that included laying off 3,200 employees, or about 5 percent of its workforce.
In December Lenovo founder Liu Chuanzhi dropped none-too-subtle hints that he was losing confidence in CEO Yang Yuanqing to lead the company.
CommVault Systems
CEO: N. Robert Hammer
Dec. 31, 2014: $51.69
Dec. 31, 2015: $39.35
Change: -23.87%
For the first three quarters ended Dec. 31 of fiscal 2016, CommVault, a developer of data protection and information management systems, reported revenue of $435.6 million, down nearly 5 percent from $456.8 million in the first three quarters of fiscal 2015.
For the three-quarter period the company reported a loss of $5.7 million compared with net income of $22.3 million in the first three quarters of fiscal 2015.
F5 Networks
CEO: John McAdam
Dec. 31, 2014: $130.47
Dec. 31, 2015: $96.96
Change: -25.68%
In August F5 Networks unveiled Big-IP version 12.0, the latest version of the company's application delivery software.
For its fiscal 2015 ended Sept. 30, F5 reported revenue of $1.92 billion, up nearly 11 percent from $1.73 billion in fiscal 2014. Net income for fiscal 2015 was up 17 percent to $365.0 million from $$311.2 million in fiscal 2014.
VMware
CEO: Pat Gelsinger
Dec. 31, 2014: $82.52
Dec. 31, 2015: $56.57
Change: -31.45%
It was a turbulent year for the virtualization technology leader.
The uncertainty created by Dell's planned $67 billion acquisition of EMC, which owns 80 percent of VMware, took a toll on the company's stock price. While Dell and EMC executives said VMware was a key part of the Dell-EMC combination, VMware's stock value plummeted after the deal was announced.
For 2015 VMware reported revenue of $6.57 billion, up 9 percent from $6.04 billion in 2014. Net income for the year was $997 million, up 13 percent from $886 million one year before.
FireEye
CEO: David DeWalt
Dec. 31, 2014: $31.58
Dec. 31, 2015: $20.74
Change: -34.33%
Security software developer FireEye went public in 2013 and the fast-growing company's stock was initially riding high. But this year the price of FireEye shares were on a slow-but-steady decline amid more intense competition and signs of slowing revenue growth.
For the first three quarters ended Sept. 30 of 2015, FireEye reported revenue of $438.2 million, up 55 percent from $282.7 million in the same period in 2014. The company's loss for the first three quarters of 2015 was $403.1 million compared with a $338.1 million loss in the same period the year before.
NetApp
CEO: George Kurian
Dec. 31, 2014: $41.45
Dec. 31, 2015: $26.53
Change: -36.00%
Throughout the year NetApp struggled with declining revenue, including shrinking channel sales, which the vendor blamed on slow customer transition to its Clustered Data OnTap storage systems. In May it disclosed plans to lay off some 500 employees, or about 4 percent of its workforce.
In June the company fired CEO Tom Georgens, naming George Kurian, executive vice president of product operations, to replace him. At year's end, in a bid to reverse its fortunes, NetApp struck a deal to acquire Solidfire, an all-flash storage array startup, for $870 million.
For the first half ended Oct. 30 of fiscal 2016, NetApp reported revenue of $2.78 billion, down 8 percent from $3.03 billion in the first half of fiscal 2015. Net income for the first half of fiscal 2016 was down 66 percent year over year to $84 million from $248 million.
Seagate Technology
CEO: Stephen Luczo
Dec. 31, 2014: $66.50
Dec. 31, 2015: $36.66
Change: -44.87%
It was a tough year for disk drive manufacturers, as this and the next two slides illustrate.
For the company's fiscal 2016 first quarter ended Oct. 2, Seagate reported revenue of $2.93 billion, down 23 percent from $3.79 billion in the same quarter one year before. Net income plummeted 91 percent to $34 million from $381 million one year ago.
Western Digital
CEO: Steve Milligan
Dec. 31, 2014: $110.70
Dec. 31, 2015: $60.05
Change: -45.75%
In October Western Digital struck a $19 billion deal to acquire SanDisk in a bid to accelerate its transition from disk drives to solid-state data storage. SanDisk is a leading manufacturer of flash memory storage microprocessors. But with SanDisk stock trading below the $86.50-per-share acquisition price, there has been speculation Western Digital might walk away from the deal or attempt to renegotiate.
For its fiscal 2016 first quarter ended Oct. 2, Western Digital reported revenue of $3.36 billion, down nearly 15 percent from $3.94 billion in the same period one year before. Net income was $283 million, down 33 percent from $423 million one year earlier.
Quantum
CEO: Jon Gacek
Dec. 31, 2014: $1.76
Dec. 31, 2015: $0.93
Change: -47.16
For the six months ended Sept. 30, Quantum reported revenue of $227.9 million, down more than 13 percent from $263.2 million in the first six months of fiscal 2015. For the most recent six months, the company reported a loss of nearly $22 million compared with a $3.1 million loss in the same period one year earlier.
Hewlett Packard Enterprise
CEO: Meg Whitman
Nov. 2, 2015: $14.99
Dec. 31, 2015: $15.20
Change: +1.40%
As of Nov. 1 industry giant Hewlett-Packard became two Fortune 50 companies, HP Inc. focused on the PC and printing business and Hewlett Packard Enterprise focused on enterprise computing. Hewlett Packard Enterprise trades under the new stock symbol HPE
Given the stock split, year-to-year comparisons of share prices aren't really valid. We've listed the opening share price for Nov. 2 – the first day of trading for the new companies – and the Dec. 31 closing price. We have not ranked the two new companies with the rest of our watch list.
HP Inc.
CEO: Dion Weisler
Nov. 2, 2015: $12.47
Dec. 31, 2015: $11.84
Change: -5.05%
HP Inc. inherited the HPQ stock symbol of its predecessor.
In November, following the split, Hewlett-Packard reported its final financial results as a single company. Revenue for the year ended Oct. 31 was $103.36 billion, down more than 7 percent from $111.45 billion in fiscal 2014. Net earnings were $4.55 billion, down more than 9 percent year over year from $5.01 billion.