Home Technology Tech Stocks Highlights! HP Inc (HPQ), Frontier Communications (FTR)

Tech Stocks Highlights! HP Inc (HPQ), Frontier Communications (FTR)

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Shares of HP Inc (NYSE:HPQ) ended Thursday session in red amid volatile trading. The shares closed down -0.11 points or -0.75% at $14.54 with 10.56 million shares getting traded. Post opening the session at $14.67, the shares hit an intraday low of $14.51 and an intraday high of $14.88 and the price vacillated in this range throughout the day. The company has a market cap of $24.88 billion and the numbers of outstanding shares have been calculated to be 1.71 billion shares.

HP Inc (HPQ) recently unveiled its most recent generation premium consumer PC line-up for the 2016 holidays. The next generation portfolio features a thinner and lighter convertible with better battery life for portability and a beautifully designed all-in-one to bring amazing sound experiences into the home.

The premium portfolio is built to address customers’ need for devices that inspire and excite. Whether for within the home or on the go, the HP Premium products have become the gold standard for what customers expect from their computing experience. New products debuting recently include:

HP Spectre x360, the second generation of HP’s revolutionary x360 convertible now features a near zero border display in a design that is 13 percent thinner and 11 percent lighter.

HP ENVY laptop offers a sophisticated design offering up to 14 hours of battery life, four more than the previous model.

HP ENVY AIO 27 combines computing power with media experiences that features a near borderless Technicolor Color Certified HD display that floats over an integrated four speaker sound bar tuned by Bang & Olufsen.

HP ENVY 27 Display a feature-rich 4K IPS display with a micro-edge bezel design for dual display set-ups.

Shares of Frontier Communications Corp (NASDAQ:FTR) ended Thursday session in red amid volatile trading. The shares closed down -0.26 points or -7.67% at $3.13 with 54.92 million shares getting traded. Post opening the session at $3.42, the shares hit an intraday low of $3.12 and an intraday high of $3.43 and the price vacillated in this range throughout the day. The company has a market cap of $3.17 billion and the numbers of outstanding shares have been calculated to be 1.19 billion shares.

Frontier Communications Corp (FTR) recently stated its third quarter financial results and offered an update on its progress with the acquisition of Verizon’s wireline properties in California, Texas, and Florida (CTF).

Dan McCarthy, President and CEO, stated, “I am happy that we achieved third quarter adjusted EBITDA of $1 billion. We are reaffirming our adjusted EBITDA guidance for the 4th quarter and outlook for 2017. We are on course to improve our revenue performance, principally by returning to normal customer trends in the CTF market over the coming quarters.”

Frontier recently declared a new customer-focused organizational structure and the creation of Commercial and Consumer business units. The updated structure will result in improved focus on the commercial segment and more efficient capital allocation. Current regional support functions counting Engineering, Finance, Human Resources, Communications and Marketing are being centralized to achieve improved operational performance in addition to expense reductions.