Why Hewlett-Packard (HPQ) Is Up Today

Update (4:37 p.m. EST): Updated with closing price, day high and low prices, price change and volume information.

NEW YORK (TheStreet) -- Hewlett-Packard Co.  (HPQ) rose 2.6% to $28.85, up 73 cents from its previous close of $28.12, at the close of the trading on Tuesday as the tech sector was rising in the early part of the trading day. The NASDAQ Composite rose 1.69% to $4,183.02, up $69.71, on Tuesday.

The stock had a volume of 14,809,154, just below its average of 14,943,000. It hit a high of $28.85 and a low of $28.09 for the day.

The company also announced that it had helped Air France create a private cloud to automate the deployment of technology platforms in both physically and virtually. Air France, which manages more than 1,500 flights per day, has deployed the HP Cloud Service Automation software to increase the dependability of its 1,500 Linux servers and to speed up the deployment times for its physical and virtual platforms.

Air France recently went though a validation phase with HP Operations Orchestration and HP Server Automation software, which reduced the cost of its infrastructure provisioning by 85%. Air France then created a private cloud with the HP Cloud Service Automation software and put it into production. In just one year, the company has automated 90 percent of its installation processes.

TheStreet Ratings team rates HEWLETT-PACKARD CO as a Hold with a ratings score of C+. The team has this to say about its recommendation:

"We rate HEWLETT-PACKARD CO (HPQ) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow."

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