17 Sep

Rumors Strong about Sale of HP’s TippingPoint

WRITTEN BY Anne Shields FEATURED IN Company News, Insights, & Analysis

HP considering sale of TippingPoint

In the prior part of this series, we looked at Hewlett-Packard’s (HPQ) 3Q15 earnings results. In line with its planned breakup in November 2015, HP is currently reviewing all aspects of its business to pinpoint assets or divisions that may not fit the bill in either of the separate entities.

On September 2, 2015, Reuters reported that HP is considering the sale of its TippingPoint business. Some private equity firms have shown interest in TippingPoint, valuing the business in the range of $200–$300 million.

HP got hold of TippingPoint as part of its $2.7 billion acquisition of 3Com in 2010. TippingPoint’s specialty lies in intrusion prevention, threat detection, and network security management. It was part of HP’s Networking division until 2011. Now it functions within the company’s Software business.

Rumors Strong about Sale of HP’s TippingPoint

Firewall market is extremely competitive

TippingPoint is essentially involved in hardware making for companies’ firewalls, which protect their networks. Although HP’s TippingPoint falls in the niche category, as the above Gartner’s Magic Quadrant shows, it operates in a crowded space with Barracuda (CUDA) and Intel’s McAfee (INTC), its peers and competitors. CheckPoint Software and Palo Alto Networks (PANW) emerged as leaders in Gartner’s Magic Quadrant for Enterprise Network Firewalls.

If you’re bullish about HP, you might consider investing in the Technology Select Sector SPDR (XLK), which invests about 1.25% of its holdings in HP.

Latest articles

Monster Beverage (MNST) stock was down 1.6% as of 2:47 PM EDT on March 20.

Earlier today, the second-largest US automaker by 2018 sales volume, Ford Motor Company (F), revealed its plan to invest $850 million in its Flat Rock assembly plant through 2023.

Mizuho downgraded Yum! Brands (YUM) from “neutral” to “underperform” while keeping its 12-month price unchanged at $84, which represents a fall of 15.4% from its March 19 closing price of $99.20.

20 Mar

Why Verizon Sought to Lead 5G Rollout

WRITTEN BY Rachel Gunter

According to Verizon, its mobile 5G plans will cost $10 more than its current 4G plans.

As of March 19, Dunkin’ Brands (DNKN) was trading at $71.55, which represents a rise of 3.9% since the announcement of its fourth-quarter earnings on February 7.

Suncor Energy's shareholder returns have grown consistently over the past few years. The company hasn't forgotten its commitment to growth.