On Thursday, in the course of current trade, Shares of Hewlett-Packard Company (NYSE:HPQ), dropped -1.74%, and is now trading at $33.37.
Recently at HP Discover 2015, Hewlett-Packard Company, declared updates to the HP Helion portfolio that will assist enterprises realize the benefits of transitioning to a hybrid infrastructure. HP introduced HP Helion CloudSystem 9.0, the next release of its flagship integrated enterprise cloud solution, and enhancements to HP Helion Managed Cloud Services to manage enterprise workloads in a secure hosted cloud environment.
Enterprises spend the majority of IT budgets — by some estimates as high as 90 percent — on maintaining existing systems. HP estimates enterprises can reduce IT maintenance costs by about 40 percent by migrating existing systems to a cloud-based architecture. This can free-up the capital enterprise IT departments need to modernize application development and pursue new revenue generating opportunities.
“Enterprise customers have a range of needs in moving to the cloud — some need to cloud-enable traditional workloads, while others seek to build next generation ‘cloud native’ apps using modern technologies like OpenStack®, Cloud Foundry® and Docker,” said Bill Hilf, senior vice president, HP Helion Product and Service Administration. “The expanded support for multiple hypervisors and cloud environments in HP Helion CloudSystem 9.0 gives enterprises and service providers added flexibility to gain cloud benefits for their existing and new applications.”
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to to the government, health, and education sectors worldwide.
During an Afternoon trade, Shares of Ciena Corporation (NYSE:CIEN), gained 1.21%, and is now trading at $24.74, hitting its highest level.
Ciena Corporation, declared unaudited financial results for its fiscal second quarter ended April 30, 2015.
For the fiscal second quarter 2015, Ciena stated revenue of $621.6 million as contrast to $560.1 million for the fiscal second quarter 2014.
On the basis of generally accepted accounting principles (GAAP), Ciena’s net income for the fiscal second quarter 2015 was $20.7 million, or $0.17 per diluted common share, which compares to a GAAP net loss of $(10.2) million, or $(0.10) per diluted common share, for the fiscal second quarter 2014.
Ciena’s adjusted (non-GAAP) net income for the fiscal second quarter 2015 was $47.3 million, or $0.35 per diluted common share, which compares to an adjusted (non-GAAP) net income of $19.4 million, or $0.17 per diluted common share, for the fiscal second quarter 2014.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide.
Finally, Torchmark Corporation (NYSE:TMK), lost -0.40% Thursday.
Torchmark Corporation, declared that its Board of Directors has declared a quarterly dividend of $.135 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company’s transfer agent on July 2, 2015. The dividend will be paid on July 31, 2015.
Torchmark Corporation, through its auxiliaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through Life Insurance, Health Insurance, Medicare Part D, and Annuities segments.
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