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725200.0
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2023-11-27 00:00:00 UTC
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Validea Detailed Fundamental Analysis - DELL
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DELL
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-dell-0
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nan
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nan
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Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
More Information on Joel Greenblatt
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
Additional Research Links
Top NASDAQ 100 Stocks
Top Technology Stocks
Top Large-Cap Growth Stocks
High Momentum Stocks
High Insider Ownership Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry.
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Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
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Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
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Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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a75ebc5f-886f-4618-b7d3-6fa1c26459cc
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725201.0
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2023-11-24 00:00:00 UTC
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Should Value Investors Buy Dell Technologies (DELL) Stock?
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DELL
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https://www.nasdaq.com/articles/should-value-investors-buy-dell-technologies-dell-stock
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 10.88, while its industry has an average P/E of 32.63. DELL's Forward P/E has been as high as 11.95 and as low as 5.53, with a median of 8.33, all within the past year.
Investors will also notice that DELL has a PEG ratio of 0.91. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. DELL's PEG compares to its industry's average PEG of 2.38. Within the past year, DELL's PEG has been as high as 1 and as low as 0.46, with a median of 0.69.
If you're looking for another solid Computers - IT Services value stock, take a look at Science Applications International (SAIC). SAIC is a # 2 (Buy) stock with a Value score of A.
Additionally, Science Applications International has a P/B ratio of 3.34 while its industry's price-to-book ratio sits at 20.83. For SAIC, this valuation metric has been as high as 3.83, as low as 3.01, with a median of 3.38 over the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Dell Technologies and Science Applications International are likely undervalued currently. And when considering the strength of its earnings outlook, DELL and SAIC sticks out as one of the market's strongest value stocks.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Science Applications International Corporation (SAIC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors will likely look at more than just these metrics, but the above data helps show that Dell Technologies and Science Applications International are likely undervalued currently. Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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Dell Technologies (DELL) is a stock many investors are watching right now. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report To read this article on Zacks.com click here. DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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Dell Technologies (DELL) is a stock many investors are watching right now. Value investors will likely look at more than just these metrics, but the above data helps show that Dell Technologies and Science Applications International are likely undervalued currently. DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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894bfd10-2dcf-48ce-96b6-c3a4b760f9e0
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725202.0
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2023-11-22 00:00:00 UTC
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A Winning Stock Selection Process to Be Thankful For
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DELL
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https://www.nasdaq.com/articles/a-winning-stock-selection-process-to-be-thankful-for
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nan
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nan
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“If you are really thankful, what do you do? You share.” – W. Clement Stone
The major U.S. indices remain in the midst of a staggering November rally as we head into the Thanksgiving holiday. From the October lows, the Dow is up more than 8%, the S&P 500 has risen more than 10%, and the tech-heavy Nasdaq has climbed more than 13%. The lockout move has caught many investors off guard.
Sector rotation has been on full display this year, as market participants have shifted back into aggressive sectors such as information technology and consumer discretionary. This is a healthy sign that this new bull market can be sustained as market breadth broadens out.
Throughout the year, we here at Zacks have emphasized the bullish tailwinds that are helping to fuel this market rally. Positive seasonality is underway, earnings have come in above expectations, and bond yields have now begun to decline. Decelerating inflation is the biggest theme in my opinion, and recent inflation reports have confirmed the downtrend from the peaks of last year.
Looking ahead, the month of December is bullish in pre-election years; since 1950, the final month of the year has been positive more than 72% of the time with an average return of 2.9%.
With positive market performance in full swing, let’s review a stock selection process that has consistently identified leading stocks.
Zacks Industry Rank: Improve Your Stock-Picking Success
Zacks Investment Research employs several proprietary methodologies to make it easier for investors to detect top stocks at any given point in time. One such method is the Zacks Industry Rank, which is a great starting point to begin building out your portfolio. Using this investment tactic, we’ll start with a leading industry group in the current market environment.
This system harnesses the power of the Zacks Rank, meaning that the top-ranked industries contain more stocks that are receiving upward earnings estimate revisions. Simply put, your most profitable stocks will be those with upward earnings estimate revisions in the industries enjoying the same.
Our industry ranking system sorts companies into more than 250 industry groups. The Zacks Industry Rank is calculated by averaging the Zacks Rank for all individual stocks within a specific industry. A recent 10-year backtest has shown that stocks within the top 50% of all Zacks Ranked Industries outperformed the bottom half by a factor of more than 2 to 1.
Let’s take a look at an example. The Zacks Computers – IT Services industry currently ranks in the top 23% out of more than 250 Zacks Ranked Industries. We’ll start with this industry group that has been significantly outperforming the market over the last 3 months:
Image Source: Zacks Investment Research
Quantitative research studies suggest that approximately half of a stock’s price appreciation is due to its industry grouping. Focusing on stocks within the top-performing industries provides a constant tailwind to our investing results. Including this step in our selection process also allows us to filter our investment list and select stocks with the best profit potential.
Narrow Down the Investment Universe with the Zacks Rank
Once the top industry groups are identified, we can peel back the curtain to find stocks with the highest Zacks Rank. Stocks with rising earnings estimate revisions have significantly outperformed the S&P 500 year after year. This ranking system uses five different ranks: #1 (Strong Buy), #2 (Buy), #3 (Hold), #4 (Sell), and #5 (Strong Sell).
Our top-down process narrows the investable universe, starting with the Zacks Computers – IT Services industry (top 23%). Let’s dive deeper into a leading Zacks Rank #2 (Buy) stock contained within this top industry.
Dell Technologies DELL is one of the largest providers of information technology solutions. The company offers a variety of electronics including desktops, workstations, notebooks, monitors, and storage solutions.
As we can see below, Dell boasts the a solid Zacks Rank due to positive earnings estimate revisions. The company has surpassed earnings estimates in each of the past four quarters, delivering a 39.5% average earnings surprise over that timeframe. Analysts covering DELL have increased their EPS estimates for the next fiscal year by 2.34% in the past 60 days. The Zacks Consensus Estimate now stands at $6.99/share, which would mark a 10.5% improvement relative to this year.
Image Source: Zacks Investment Research
Select Stocks Showing Relative Strength
We want to look for stocks that are breaking out to the upside and are experiencing high levels of buying pressure. These companies held up well through the Fall correction and are leading the way in this next leg up.
DELL fits the bill as the stock remains in a strong uptrend and has made a series of 52-week highs. DELL shares have widely outperformed the market this year with a 92% return:
Image Source: StockCharts
Employing a top-down approach utilizing the various Zacks Ranking systems can help investors find leading stocks like DELL more easily. Trading currently undervalued at just an 11.64 forward P/E, Dell appears well-positioned to extend its recent gains. As we head into the Thanksgiving holiday, be sure to take advantage of all that Zacks has to offer.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Image Source: StockCharts Employing a top-down approach utilizing the various Zacks Ranking systems can help investors find leading stocks like DELL more easily. Dell Technologies DELL is one of the largest providers of information technology solutions. As we can see below, Dell boasts the a solid Zacks Rank due to positive earnings estimate revisions.
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Dell Technologies DELL is one of the largest providers of information technology solutions. As we can see below, Dell boasts the a solid Zacks Rank due to positive earnings estimate revisions. Analysts covering DELL have increased their EPS estimates for the next fiscal year by 2.34% in the past 60 days.
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Dell Technologies DELL is one of the largest providers of information technology solutions. As we can see below, Dell boasts the a solid Zacks Rank due to positive earnings estimate revisions. Analysts covering DELL have increased their EPS estimates for the next fiscal year by 2.34% in the past 60 days.
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Dell Technologies DELL is one of the largest providers of information technology solutions. As we can see below, Dell boasts the a solid Zacks Rank due to positive earnings estimate revisions. Analysts covering DELL have increased their EPS estimates for the next fiscal year by 2.34% in the past 60 days.
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0304591e-5bd4-4f66-8a3e-b2b5035690b2
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725203.0
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2023-11-21 00:00:00 UTC
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HP forecasts downbeat first-quarter profit amid slow PC market recovery
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DELL
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https://www.nasdaq.com/articles/hp-forecasts-downbeat-first-quarter-profit-amid-slow-pc-market-recovery
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nan
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nan
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By Samrhitha A
Nov 21 (Reuters) - HP Inc HPQ.N on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering.
Companies such as HP, Lenovo 0992.HK and Dell Technologies DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices.
HP expects first-quarter adjusted profit per share to be in the range of 76 cents to 86 cents, the midpoint of which was lower than analysts' average estimate of 86 cents, according to LSEG data.
Shares of the Palo Alto, California-based company were down more than 4% after the bell.
The company said it is on track to launch its AI PCs in the second half of next year and expects its penetration to increase gradually.
"Don't think the market will immediately shift to AI PCs, we think there will be some penetration in '24 and stronger in '25," Chief Executive Enrique Lores said in a media call.
Recent earnings at major PC chipmakers, including Intel INTC.O and Advanced Micro Devices AMD.O, have also signaled that more than a two-year long slump in the market could be nearing an end as demand picks up ahead of the holiday season and an expected Windows update next year from Microsoft MSFT.O.
HP maintained its fiscal 2024 adjusted profit forecast range of $3.25 to $3.65 per share.
Its revenue for the fourth quarter stood at $13.82 billion, slightly lower than LSEG estimates of $13.85 billion.
"Continue to see weak demand in China both across consumer and commercial and at this point we don't expect that to change," Lores said.
Sales for HP's personal systems segment — home to its desktop and notebook PCs — fell 8% from a year ago, while its printing segment posted a 3% fall.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi Majumdar)
((Samrhitha.A@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices. By Samrhitha A Nov 21 (Reuters) - HP Inc HPQ.N on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering. Recent earnings at major PC chipmakers, including Intel INTC.O and Advanced Micro Devices AMD.O, have also signaled that more than a two-year long slump in the market could be nearing an end as demand picks up ahead of the holiday season and an expected Windows update next year from Microsoft MSFT.O.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices. By Samrhitha A Nov 21 (Reuters) - HP Inc HPQ.N on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering. HP expects first-quarter adjusted profit per share to be in the range of 76 cents to 86 cents, the midpoint of which was lower than analysts' average estimate of 86 cents, according to LSEG data.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices. By Samrhitha A Nov 21 (Reuters) - HP Inc HPQ.N on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering. HP expects first-quarter adjusted profit per share to be in the range of 76 cents to 86 cents, the midpoint of which was lower than analysts' average estimate of 86 cents, according to LSEG data.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices. HP expects first-quarter adjusted profit per share to be in the range of 76 cents to 86 cents, the midpoint of which was lower than analysts' average estimate of 86 cents, according to LSEG data. "Don't think the market will immediately shift to AI PCs, we think there will be some penetration in '24 and stronger in '25," Chief Executive Enrique Lores said in a media call.
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d9a0fad4-c7fb-4502-aa75-5134e5aff3d6
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725204.0
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2023-11-21 00:00:00 UTC
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NVIDIA (NVDA) Spectrum-X to Power Dell, HPE & Lenovo Servers
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DELL
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https://www.nasdaq.com/articles/nvidia-nvda-spectrum-x-to-power-dell-hpe-lenovo-servers
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nan
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nan
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NVIDIA Corporation NVDA recently revealed that Dell Technologies DELL, Hewlett Packard Enterprise HPE and Lenovo will be the first system makers to integrate NVDA’s newly launched Spectrum-X platform.
Launched in May 2023, Spectrum-X is a purpose-built ethernet networking technology for generative artificial intelligence (AI). The Platform integrates Spectrum-4 Ethernet switch and the NVIDIA BlueField-3 SuperNIC, enabling accelerated connectivity under intense workloads.
Introduced in 2022, the Spectrum-4 Ethernet Switch achieves four times the switching throughput compared with its predecessors, all while reducing power consumption by 40% and reaching speeds of up to 51.2 TB/s. BlueField-3 SuperNICs are built to provide strong computational power to networking, storage and security.
NVIDIA Corporation Price and Consensus
NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote
The company discloses that the server package from Dell, Hewlett Packard and Lenovo will also integrate hardware, such as the NVIDIA H100 Tensor Core, and software like NVIDIA (AI) Enterprise and AI Workbench, along with various software kits.
NVIDIA Benefits From Rising Demand for AI Globally
With increased demand from consumer Internet companies investing in data centers, applications and cloud servers, NVDA is witnessing a strengthened partner base. The company is actively engaged with numerous industry leaders, including Amazon, Baidu, Meta Platforms, IBM, Microsoft, SAP, Dell and Hewlett Packard.
Furthermore, NVIDIA is experiencing heightened demand for its offerings, driven by the increasing need for accelerated computing and AI advancements in the United States, alongside steady growth in China.
The growing use of generative AI and large language models using NVDA’s GPUs is a tailwind for its data center end-market business. Internationally, the company has acquired a foothold in multiple nations with partners like Foxconn, Lenovo, Tata, Infosys, Reliance and many others to further invest in AI. Additionally, the company is continuously trying to enhance its presence across the automotive, telecommunications, manufacturing and healthcare industries to drive top-line growth.
Zacks Rank and Other Stocks to Consider
Currently, NVIDIA sports a Zacks Rank #1 (Strong Buy), while Dell carries a Zacks Rank #2 (Buy) and Hewlett Packard has a Zacks Rank #3 (Hold). Shares of NVDA and DELL have rallied 245.6% and 82.4% year to date, respectively, while shares of HPE have declined 0.8%.
NetEase NTES is another top-ranked stock from the broader technology sector, which flaunts a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NetEase's fourth-quarter 2023 earnings has been revised upward by 9 cents to $1.73 per share in the past 30 days. For fiscal 2023, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 16.63%. Shares of NTES have gained 63.2% year to date.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company is actively engaged with numerous industry leaders, including Amazon, Baidu, Meta Platforms, IBM, Microsoft, SAP, Dell and Hewlett Packard. NVIDIA Corporation NVDA recently revealed that Dell Technologies DELL, Hewlett Packard Enterprise HPE and Lenovo will be the first system makers to integrate NVDA’s newly launched Spectrum-X platform. NVIDIA Corporation Price and Consensus NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote The company discloses that the server package from Dell, Hewlett Packard and Lenovo will also integrate hardware, such as the NVIDIA H100 Tensor Core, and software like NVIDIA (AI) Enterprise and AI Workbench, along with various software kits.
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NVIDIA Corporation NVDA recently revealed that Dell Technologies DELL, Hewlett Packard Enterprise HPE and Lenovo will be the first system makers to integrate NVDA’s newly launched Spectrum-X platform. Zacks Rank and Other Stocks to Consider Currently, NVIDIA sports a Zacks Rank #1 (Strong Buy), while Dell carries a Zacks Rank #2 (Buy) and Hewlett Packard has a Zacks Rank #3 (Hold). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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NVIDIA Corporation Price and Consensus NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote The company discloses that the server package from Dell, Hewlett Packard and Lenovo will also integrate hardware, such as the NVIDIA H100 Tensor Core, and software like NVIDIA (AI) Enterprise and AI Workbench, along with various software kits. Zacks Rank and Other Stocks to Consider Currently, NVIDIA sports a Zacks Rank #1 (Strong Buy), while Dell carries a Zacks Rank #2 (Buy) and Hewlett Packard has a Zacks Rank #3 (Hold). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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NVIDIA Corporation NVDA recently revealed that Dell Technologies DELL, Hewlett Packard Enterprise HPE and Lenovo will be the first system makers to integrate NVDA’s newly launched Spectrum-X platform. NVIDIA Corporation Price and Consensus NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote The company discloses that the server package from Dell, Hewlett Packard and Lenovo will also integrate hardware, such as the NVIDIA H100 Tensor Core, and software like NVIDIA (AI) Enterprise and AI Workbench, along with various software kits. The company is actively engaged with numerous industry leaders, including Amazon, Baidu, Meta Platforms, IBM, Microsoft, SAP, Dell and Hewlett Packard.
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817ae9ff-472a-4a13-8f9d-1cf4651fd144
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725205.0
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2023-11-20 00:00:00 UTC
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Melius Research Initiates Coverage of Dell Technologies Inc - Class C (DELL) with Buy Recommendation
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DELL
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https://www.nasdaq.com/articles/melius-research-initiates-coverage-of-dell-technologies-inc-class-c-dell-with-buy
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nan
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nan
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Fintel reports that on November 20, 2023, Melius Research initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
Analyst Price Forecast Suggests 2.99% Upside
As of October 31, 2023, the average one-year price target for Dell Technologies Inc - Class C is 75.55. The forecasts range from a low of 53.53 to a high of $93.45. The average price target represents an increase of 2.99% from its latest reported closing price of 73.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 0.38%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of October 24, 2023 received the payment on November 3, 2023. Previously, the company paid $0.37 per share.
At the current share price of $73.36 / share, the stock's dividend yield is 2.02%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.71%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.26 (n=231).
The current dividend yield is 1.34 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.55. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.03%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1204 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 47 owner(s) or 4.06% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.24%, an increase of 40.92%. Total shares owned by institutions increased in the last three months by 3.91% to 223,083K shares.
The put/call ratio of DELL is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
DODGX - Dodge & Cox Stock Fund holds 11,805K shares representing 1.63% ownership of the company. In it's prior filing, the firm reported owning 12,982K shares, representing a decrease of 9.97%. The firm increased its portfolio allocation in DELL by 17.33% over the last quarter.
Dodge & Cox holds 10,974K shares representing 1.52% ownership of the company. In it's prior filing, the firm reported owning 16,564K shares, representing a decrease of 50.94%. The firm decreased its portfolio allocation in DELL by 14.81% over the last quarter.
Boston Partners holds 9,378K shares representing 1.30% ownership of the company. In it's prior filing, the firm reported owning 9,783K shares, representing a decrease of 4.32%. The firm decreased its portfolio allocation in DELL by 50.68% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,592K shares representing 1.05% ownership of the company. In it's prior filing, the firm reported owning 7,121K shares, representing an increase of 6.20%. The firm increased its portfolio allocation in DELL by 32.37% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 7,051K shares representing 0.97% ownership of the company. In it's prior filing, the firm reported owning 6,894K shares, representing an increase of 2.22%. The firm increased its portfolio allocation in DELL by 29.48% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on November 20, 2023, Melius Research initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 2.99% Upside As of October 31, 2023, the average one-year price target for Dell Technologies Inc - Class C is 75.55.
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Fintel reports that on November 20, 2023, Melius Research initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 2.99% Upside As of October 31, 2023, the average one-year price target for Dell Technologies Inc - Class C is 75.55. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 0.38%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On September 28, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on November 20, 2023, Melius Research initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 2.99% Upside As of October 31, 2023, the average one-year price target for Dell Technologies Inc - Class C is 75.55.
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Analyst Price Forecast Suggests 2.99% Upside As of October 31, 2023, the average one-year price target for Dell Technologies Inc - Class C is 75.55. Fintel reports that on November 20, 2023, Melius Research initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 0.38%.
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19d6e886-0aa2-460f-9ee9-46b56248c1c5
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725206.0
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2023-11-18 00:00:00 UTC
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India grants incentives for Dell, HP, Foxconn to make IT hardware locally
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DELL
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https://www.nasdaq.com/articles/india-grants-incentives-for-dell-hp-foxconn-to-make-it-hardware-locally
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nan
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nan
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Recasts; adds details on jobs, domestic manufacturers
MUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell DELL.N, HP HPQ.N and Foxconn 2317.TW under its $2 billion incentive scheme to manufacture IT hardware domestically.
Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector.
Approvals have also been granted to domestic manufacturers including Dixon Technologies DIXO.NS and VVDN, the minister said.
The government had i doubled the value of the incentive scheme to spur domestic production of laptops and tablets, following a lukewarm response to a previous programme.
The country is offering cash-backs to manufacturers on sales of locally made goods that exceed an annual target.
The scheme is key to India's ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.
($1 = 83.2440 Indian rupees)
(Reporting by Munsif Vengattil; writing by Ira Dugal, Kirsten Donovan)
((Ira.Dugal@thomsonreuters.com; +91-9833024892;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recasts; adds details on jobs, domestic manufacturers MUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell DELL.N, HP HPQ.N and Foxconn 2317.TW under its $2 billion incentive scheme to manufacture IT hardware domestically. Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector. The government had i doubled the value of the incentive scheme to spur domestic production of laptops and tablets, following a lukewarm response to a previous programme.
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Recasts; adds details on jobs, domestic manufacturers MUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell DELL.N, HP HPQ.N and Foxconn 2317.TW under its $2 billion incentive scheme to manufacture IT hardware domestically. Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector. Approvals have also been granted to domestic manufacturers including Dixon Technologies DIXO.NS and VVDN, the minister said.
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Recasts; adds details on jobs, domestic manufacturers MUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell DELL.N, HP HPQ.N and Foxconn 2317.TW under its $2 billion incentive scheme to manufacture IT hardware domestically. Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector. ($1 = 83.2440 Indian rupees) (Reporting by Munsif Vengattil; writing by Ira Dugal, Kirsten Donovan) ((Ira.Dugal@thomsonreuters.com; +91-9833024892;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recasts; adds details on jobs, domestic manufacturers MUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell DELL.N, HP HPQ.N and Foxconn 2317.TW under its $2 billion incentive scheme to manufacture IT hardware domestically. The country is offering cash-backs to manufacturers on sales of locally made goods that exceed an annual target. The scheme is key to India's ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.
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28a26e40-528f-49c0-a044-2bcfd4ba6b27
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725207.0
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2023-11-16 00:00:00 UTC
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Dell Technologies Inc - Class C Shares Approach 52-Week High - Market Mover
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc-class-c-shares-approach-52-week-high-market-mover-2
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nan
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nan
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.2% below its 52 week high of $74.46, giving the company a market cap of $18B. The stock is currently up 85.7% year-to-date, up 81.4% over the past 12 months, and up 61.5% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.8%.
Trading Activity
Trading volume this week was 2.8% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 43.6%
The company's stock price performance over the past 12 months beats the peer average by 54.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -67.3% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.2% below its 52 week high of $74.46, giving the company a market cap of $18B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.2% below its 52 week high of $74.46, giving the company a market cap of $18B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.8%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 43.6% The company's stock price performance over the past 12 months beats the peer average by 54.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -67.3% lower than the average peer.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.2% below its 52 week high of $74.46, giving the company a market cap of $18B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 43.6% The company's stock price performance over the past 12 months beats the peer average by 54.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -67.3% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.2% below its 52 week high of $74.46, giving the company a market cap of $18B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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55161faf-959b-4c39-ad8a-fe832379be25
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725208.0
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2023-11-15 00:00:00 UTC
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Is Cadence Design Systems (CDNS) Stock Outpacing Its Computer and Technology Peers This Year?
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DELL
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https://www.nasdaq.com/articles/is-cadence-design-systems-cdns-stock-outpacing-its-computer-and-technology-peers-this-9
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nan
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nan
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Cadence Design Systems (CDNS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Cadence Design Systems is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Cadence Design Systems is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CDNS' full-year earnings has moved 0.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CDNS has returned about 69.7% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 44.4% on average. This means that Cadence Design Systems is outperforming the sector as a whole this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Dell Technologies (DELL). The stock has returned 83.7% year-to-date.
The consensus estimate for Dell Technologies' current year EPS has increased 16.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cadence Design Systems belongs to the Computer - Software industry, a group that includes 37 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has gained an average of 52.6% so far this year, so CDNS is performing better in this area.
On the other hand, Dell Technologies belongs to the Computers - IT Services industry. This 39-stock industry is currently ranked #93. The industry has moved +27.1% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Cadence Design Systems and Dell Technologies as they attempt to continue their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another Computer and Technology stock, which has outperformed the sector so far this year, is Dell Technologies (DELL). The consensus estimate for Dell Technologies' current year EPS has increased 16.8% over the past three months. On the other hand, Dell Technologies belongs to the Computers - IT Services industry.
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Another Computer and Technology stock, which has outperformed the sector so far this year, is Dell Technologies (DELL). Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. The consensus estimate for Dell Technologies' current year EPS has increased 16.8% over the past three months.
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Another Computer and Technology stock, which has outperformed the sector so far this year, is Dell Technologies (DELL). Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. The consensus estimate for Dell Technologies' current year EPS has increased 16.8% over the past three months.
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Another Computer and Technology stock, which has outperformed the sector so far this year, is Dell Technologies (DELL). The consensus estimate for Dell Technologies' current year EPS has increased 16.8% over the past three months. On the other hand, Dell Technologies belongs to the Computers - IT Services industry.
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e4413eec-a53e-4765-bca4-59d4bf08dad7
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725209.0
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2023-11-14 00:00:00 UTC
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Time to Buy into Nvidia's (NVDA) Recent Rally as Earnings Approach?
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DELL
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https://www.nasdaq.com/articles/time-to-buy-into-nvidias-nvda-recent-rally-as-earnings-approach
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nan
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nan
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Nvidia NVDA has led the recent rebound among chip stocks and is closing in on the $500 a share mark and near 52-week highs.
Further strengthening the chip leaders' recent momentum is today’s CPI data which came in much better than expected. The consumer price index was flat from a month ago and rose 3.2% year over year which was a decrease from September's 0.4% monthly spike and 3.7% annual increase.
Of course, easing inflation is always a plus for chipmakers as it bids well for consumer spending on non-essential items like electronics.
Recent Performance & Earnings Date
Nvidia’s stock was up roughly +2% today mirroring the rally among the broader indexes and has now popped +21% this month with the company set to report its third-quarter results next Tuesday, November 21.
Certainly, investors are wondering if Nvidia’s remarkable quarterly growth can continue and if it’s time to buy NVDA shares before they get even pricier. To that point, Nvidia’s stock has edged higher in 10 straight trading sessions marking its longest winning streak since 2016 and adding over $200 billion in market value on the way.
Image Source: Zacks Investment Research
Strengthening AI Capabilities
Demand for Nvidia’s graphics processors (GPUs) has been magnified by their ability to power artificial intelligence with its previous flagship AI chip being the DGX A100 which is geared for data centers.
In a bid to keep other AI chip competitors at bay such as AMD AMD and Intel INTC, Nvidia’s upgraded H100 GPU began shipping last fall. The H100 series has been able to accommodate new products and services from key partners such as Dell Technologies DELL in addressing the growing demand for generative AI.
Even better, on Monday Nvidia stated its far superior H200 chip is scheduled to come out next year and is expected to further accelerate future AI models with faster response times including existing services like Generative Pre-Trained Transformers (ChatGPT). The H200 may also keep Nvidia ahead of AMD's MI300 series chips which will be available in December.
Q3 Preview
Nvidia is coming off of an unprecedented fiscal second quarter that saw year-over-year earnings growth of 429% with Q2 EPS at $2.70 per share which was also an 147% increase from the previous quarter as Q1 earnings came in at $1.09 a share in May.
Top-line growth has been off the shelf as well with Nvidia’s Q2 sales at $13.5 billion which doubled the $6.7 billion the company brought in during the prior year quarter and rose a remarkable 87% from Q1 sales of $7.19 billion.
Indicating that it may still be time to buy Nvidia’s stock is that Q3 earnings are expected to skyrocket 476% to $3.34 a share according to Zacks estimates compared to $0.58 per share a year ago. Plus, Q3 sales are projected to climb 172% to $16.12 billion versus $5.93 billion in the comparative quarter. Notably, Nvidia has surpassed earnings expectations in three of its last four quarterly reports posting an average earnings surprise of 9.79%
Image Source: Zacks Investment Research
The Trend of Positive Earnings Estimate Revisions
One of the most significant factors that indicates more near-term upside in a stock is positive earnings estimate revisions and this bodes well for Nvidia. It’s noteworthy that in the last seven days, annual earnings for Nvidia's current fiscal 2024 and FY25 are up roughly 1% and 2% respectively.
More compelling is that over the last three months, FY24 earnings estimates have now risen 38% with FY25 EPS estimates climbing 51%.
Image Source: Zacks Investment Research
Bottom Line
Correlated with the trend of positive earnings estimate revisions, Nvidia remains on the coveted Zacks Rank #1 (Strong Buy) list and has held a spot since May 31. During this time span, NVDA shares are up +31% and thestellar priceperformance could continue with another quarter of stellar growth expected during Q3 and a superior AI chip on the way.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The H100 series has been able to accommodate new products and services from key partners such as Dell Technologies DELL in addressing the growing demand for generative AI. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Recent Performance & Earnings Date Nvidia’s stock was up roughly +2% today mirroring the rally among the broader indexes and has now popped +21% this month with the company set to report its third-quarter results next Tuesday, November 21.
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Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. The H100 series has been able to accommodate new products and services from key partners such as Dell Technologies DELL in addressing the growing demand for generative AI. Image Source: Zacks Investment Research Strengthening AI Capabilities Demand for Nvidia’s graphics processors (GPUs) has been magnified by their ability to power artificial intelligence with its previous flagship AI chip being the DGX A100 which is geared for data centers.
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Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. The H100 series has been able to accommodate new products and services from key partners such as Dell Technologies DELL in addressing the growing demand for generative AI. Indicating that it may still be time to buy Nvidia’s stock is that Q3 earnings are expected to skyrocket 476% to $3.34 a share according to Zacks estimates compared to $0.58 per share a year ago.
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The H100 series has been able to accommodate new products and services from key partners such as Dell Technologies DELL in addressing the growing demand for generative AI. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Q3 Preview Nvidia is coming off of an unprecedented fiscal second quarter that saw year-over-year earnings growth of 429% with Q2 EPS at $2.70 per share which was also an 147% increase from the previous quarter as Q1 earnings came in at $1.09 a share in May.
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eb52e075-f664-4b30-b21a-aae8d1e54517
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725210.0
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2023-11-14 00:00:00 UTC
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AMD Strengthens Industrial Footprint With New Ryzen Product
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DELL
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https://www.nasdaq.com/articles/amd-strengthens-industrial-footprint-with-new-ryzen-product
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nan
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nan
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Advanced Micro Devices AMD is expanding its portfolio with the launch of the Ryzen Embedded 7000 Series processor family optimized for the high-performance requirements of industrial markets.
The Ryzen Embedded 7000 Series uses 5 nm technology with a 7-year manufacturing availability commitment. It combines Zen 4 architecture and integrated Radeon graphics and is suitable for a wide range of embedded applications, including industrial automation, machine vision, robotics and edge servers.
The latest solution is expected to benefit from a strong partner base that includes Advantech, ASRock and DFI.
AMD continues to strengthen its footprint in the enterprise data center arena by leveraging the power of fourth-generation EPYC CPUs and Pensando data processing units.
It recently strengthened its footprint in the gaming industry with the introduction of the AMD Radeon RX 7900M, a laptop GPU, and the Alienware m18 laptop.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD continues to make strides in the data center market by launching Ryzen Threadripper PRO 7000 WX-Series processors for professionals and businesses, offering top-tier performance and security. It also reintroduced the Ryzen Threadripper 7000 Series processors for high-end desktop users.
AMD Rides on a Strong Partner Base
AMD, along with its partners, continues to offer solutions that enable greater data center consolidation. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts.
Cloud providers like Microsoft, AWS, Alibaba, and Oracle have deployed Genoa. Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms.
AMD recently acquired Nod.ai, a compiler-based automation software provider, to further strengthen its capabilities. This move will enhance AMD's ability to develop software-driven technology, accelerating AI solutions deployment for its various product lines, including data center accelerators, processors and GPUs.
The acquisition is expected to strengthen AMD’s competitive position against NVIDIA NVDA in the software market.
Through its CUDA toolkit, NVIDIA offers a development environment for creating high-performance GPU-accelerated applications.
These factors are expected to boost AMD’s prospects in the near term. This Zacks Rank #3 (Hold) company expects third-quarter 2023 revenues to be $6.1 billion (+/-$300 million), indicating year-over-year growth of 9% and 5% sequentially. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD expects to witness year-over-year growth in the Data Center and Client segments by double-digit percentage. Sequentially, Data Center segment revenues are expected to grow on a double-digit percentage, while Client is expected to increase.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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c9f8b733-17d0-4d28-81d9-792a5e0ba49e
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725211.0
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2023-11-14 00:00:00 UTC
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First Week of January 2026 Options Trading For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/first-week-of-january-2026-options-trading-for-dell-technologies
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nan
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nan
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the January 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 794 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $72.50 strike price has a current bid of $11.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $72.50, but will also collect the premium, putting the cost basis of the shares at $61.40 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $73.68/share today.
Because the $72.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 65%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 15.31% return on the cash commitment, or 7.04% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $72.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $12.20. If an investor was to purchase shares of DELL stock at the current price level of $73.68/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $82.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 28.53% if the stock gets called away at the January 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $82.50 strike highlighted in red:
Considering the fact that the $82.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 16.56% boost of extra return to the investor, or 7.61% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example above is 41%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $73.68) to be 34%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
GNPX Stock Predictions
CASI Insider Buying
GTHX Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing DELL's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the January 2026 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DELL's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the January 2026 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $72.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $12.20. Below is a chart showing DELL's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the January 2026 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2026 contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the January 2026 expiration.
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3b0bec94-242e-4f44-9372-0ceaa984248f
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725212.0
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2023-11-14 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Dell Technologies, NetEase and Broadcom
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DELL
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-dell-technologies-netease-and-broadcom
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nan
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For Immediate Release
Chicago, IL – November 14, 2023 – Today, Zacks Investment Ideas feature highlights Dell Technologies DELL, NetEase NTES and Broadcom AVGO.
3 Top-Ranked Tech Stocks to Buy for Income
Building a portfolio with the goal of receiving passive income often leads investors to concentrate on sectors like utilities, finance, or consumer staples.
Income-oriented investors often find the technology sector less appealing since these companies usually allocate their profits toward growth. Still, many technology companies reward their shareholders with quarterly payouts.
For those seeking exposure to technology paired with reaping an income, three stocks – Dell Technologies, NetEase and Broadcom – could all be prime considerations.
In addition to providing payouts, all three sport a favorable Zacks Rank, reflecting optimism among analysts. Let's take a closer look at each.
Dell Technologies
Dell Technologies, a current Zacks Rank #2 (Buy), provides information technology solutions. The company's segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
Currently, shares yield a solid 2% annually paired with a sustainable payout ratio sitting at 24% of the company's earnings. Undoubtedly a major positive, Dell recently announced in a recent analyst meeting that it expects to grow its quarterly dividend by 10% or more annually through fiscal 2028.
Watch for the company's next quarterly release on November 30th. Currently, the Zacks Consensus EPS Estimate of $1.47 suggests a 35% pullback from the year-ago period, with the estimate up more than 8% since mid-August.
It's worth noting that shares have seen positive reactions post-earnings in back-to-back releases, with investors pleased with quarterly results. Just in its latest release, DELL posted a sizable 50% beat relative to the Zacks Consensus EPS Estimate and reported sales 10% ahead of expectations.
NetEase
NetEase, a current Zacks Rank #1 (Strong Buy), is a Chinese internet technology company engaged in developing applications, services, and other technologies. Analysts have taken their earnings expectations higher across the board.
NTES shares presently yield 1.8% annually, more than double the Zacks Computer & Technology sector average of 0.7%. Dividend growth is also more than apparent, with NTES boasting a 27% five-year annualized dividend growth rate.
And the company's growth expectations can't be overlooked, with consensus estimates calling for 40% earnings growth in its current year (FY23) on 2% higher sales. Peeking ahead to FY24, expectations allude to a further 10% boost in earnings paired with an 11% sales bump.
NetEase is scheduled to reveal quarterly results just in a few days on Thursday, November 16th. Currently, the Zacks Consensus EPS Estimate of $1.65 suggests 4% growth, being revised well higher since August.
Our consensus revenue estimate presently stands at $3.8 billion, 11% higher than year-ago sales of $3.4 billion. It's worth noting that analysts have been slightly bearish regarding top line results, with the quarterly estimate down 2% since August.
Broadcom
Broadcom is a premier designer, developer, and global supplier of a broad range of semiconductor devices. The stock is currently a Zacks Rank #2 (Buy), with the revisions trend particularly notable for its current fiscal year, up 5% since last November.
AVGO shares presently yield 1.9% annually paired with a payout ratio sitting at 48% of the company's earnings. The company has consistently boosted its quarterly payout, boasting a 16% five-year annualized dividend growth rate.
And Broadcom generates ample cash, with free cash flow of $4.6 billion throughout its latest quarter improving 7% from the year-ago period. Broadcom has been a cash-generating machine.
The stock has been a long-term outperformer, with shares up more than 2600% over the last decade compared to the S&P 500's 211% gain. The annualized return throughout the period works out to be a remarkable 40%.
Bottom Line
Dividend-paying stocks don't always have to be 'boring,' as many exciting companies from the technology sector also reward their shareholders with payouts.
And for those interested in gaining exposure to the sector paired with quarterly payouts, all three stocks above fit the criteria nicely.
On top of quarterly payouts, all three currently sport a favorable Zacks Rank, reflecting positive outlooks among analysts.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Just in its latest release, DELL posted a sizable 50% beat relative to the Zacks Consensus EPS Estimate and reported sales 10% ahead of expectations. For Immediate Release Chicago, IL – November 14, 2023 – Today, Zacks Investment Ideas feature highlights Dell Technologies DELL, NetEase NTES and Broadcom AVGO. For those seeking exposure to technology paired with reaping an income, three stocks – Dell Technologies, NetEase and Broadcom – could all be prime considerations.
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Dell Technologies Dell Technologies, a current Zacks Rank #2 (Buy), provides information technology solutions. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 14, 2023 – Today, Zacks Investment Ideas feature highlights Dell Technologies DELL, NetEase NTES and Broadcom AVGO.
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For Immediate Release Chicago, IL – November 14, 2023 – Today, Zacks Investment Ideas feature highlights Dell Technologies DELL, NetEase NTES and Broadcom AVGO. Dell Technologies Dell Technologies, a current Zacks Rank #2 (Buy), provides information technology solutions. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies Dell Technologies, a current Zacks Rank #2 (Buy), provides information technology solutions. For Immediate Release Chicago, IL – November 14, 2023 – Today, Zacks Investment Ideas feature highlights Dell Technologies DELL, NetEase NTES and Broadcom AVGO. For those seeking exposure to technology paired with reaping an income, three stocks – Dell Technologies, NetEase and Broadcom – could all be prime considerations.
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725213.0
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2023-11-13 00:00:00 UTC
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Take the Zacks Approach to Beat the Market: Shopify, American Eagle, Microsoft in Focus
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DELL
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https://www.nasdaq.com/articles/take-the-zacks-approach-to-beat-the-market%3A-shopify-american-eagle-microsoft-in-focus
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nan
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nan
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All of the three widely followed indexes closed out last week with gains. The tech-heavy Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average jumped 2.4%, 1.3% and 0.7%, respectively. For the S&P 500 and Nasdaq, it was their biggest weekly gain since November 2022. For the Dow, the gain surpassed a high last seen in late October of 2022.
The stock market has been rising in recent weeks, shrugging off hawkish warnings from Fed officials, believing that actual interest rate hikes in the near future are not likely. Gasoline prices coming down have also raised hope that the CPI numbers this week will be within expected lines and the central bank will not feel the need to tighten monetary policy further.
Treasury yields have also been coming down from the 16-year highs seen a few weeks ago. The market continues to be in the “bad news is good news” mood.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
American Eagle Outfitters and G-III Apparel Surge Following Zacks Rank Upgrade
Shares of American Eagle Outfitters, Inc. AEO have gained 11.5% (versus the S&P 500’s 1.9% decrease) since it was upgraded to a Zacks Rank #1 (Strong Buy) on September 7.
Another stock, G-III Apparel Group, Ltd. GIII, which was also upgraded to a Zacks Rank #1 on September 11, has returned 8.1% (versus the S&P 500’s 1.8% decrease) since then.
Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
A hypothetical portfolio of Zacks Rank #1 (Strong Buy) stocks returned +12.02% this year (through September 4th) vs. +18.2% for the S&P 500 index and +7.6% for the equal-weight S&P 500 index. The portfolio of Zacks Rank #1 stocks is an equal-weight portfolio, while the S&P 500 index is a market-cap-weighted index that has been notably distorted by the strong recent performance of mega-cap stocks.
We are not trying to cherry-pick here. But since this Zacks Model portfolio, consisting of Zacks Rank #1 stocks, is an equal-weight portfolio, the equal-weight S&P 500 index is the appropriate benchmark for comparison. Looked at this way, this portfolio has outperformed the index this year.
The Zacks Model Portfolio - consisting of Zacks Rank #1 stocks – has outperformed the S&P index by more than 13 percentage points since 1988 (Through September 4th, 2023, the Zacks # 1 Rank stocks has generated an annualized return of +24.17% since 1988 vs. +10.82% for the S&P 500 index).You can see the complete list of today’s Zacks Rank #1 stocks here >>>
Check American Eagle’s historical EPS and Sales here>>>
Check G-III Apparel’s historical EPS and Sales here>>>
Image Source: Zacks Investment Research
Zacks Recommendation Upgrades Virco and Dell Higher
Shares of Virco Mfg. Corporation VIRC and Dell Technologies Inc. DELL have advanced 36.4% (versus the S&P 500’s 1.9% fall) and 4.9% (versus the S&P 500’s 1.6% fall) since their Zacks Recommendation was upgraded to Outperform on September 13 and September 8, respectively.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Stocks Sea, Microsoft Shoot Up
Shares of Sea Limited SE, which belongs to the Zacks Focus List, have gained 17.6% over the past 12 weeks. The stock was added to the Focus List on March 26, 2020. Another Focus-List holding, Microsoft Corporation MSFT, which was added to the portfolio on February 1, 2016, has returned 16.8% over the past 12 weeks. The S&P 500 has advanced 0.9% over this period.
The 50-stock Zacks Focus List model portfolio returned +22.3% in 2023 (through July 31st) vs. +20.6% for the S&P 500 index and +10.5% for the equal-weight S&P 500 index. In 2022, the portfolio produced -15.2% vs. the S&P 500 index’s -17.96%.
Since 2004, the Focus List portfolio has produced an annualized return of +11.27% through July 31st, 2023. This compares to a +9.65% annualized return for the S&P 500 index in the same time period.
On a rolling one-, three- and five-year bases, the Zacks Focus List returned +21.76%, +16.33%, and +12.54% vs. +12.99%, +13.71% and +12.19% for the S&P 500 index, respectively.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
Zacks ECAP Stocks Novo Nordisk and AutoZone Make Significant Gains
Novo Nordisk A/S NVO, a component of our Earnings Certain Admiral Portfolio (ECAP), has jumped 10.5% over the past 12 weeks. AutoZone, Inc. AZO has followed Novo Nordisk with 9.9% returns.
ECAP, which consists of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks, has returned +6.67% in 2023 (through June 30) versus +16.90% for the S&P 500 Index. The portfolio returned -4.7% in 2022 versus the S&P 500 Index’s -17.96%.
With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stocks UnitedHealth and Starbucks Outperform Peers
UnitedHealth Group Incorporated UNH, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 8.6% over the past 12 weeks. Another ECDP stock, Starbucks Corporation SBUX, has climbed 7.3% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance.
Check UnitedHealth’s dividend history here>>>
Check Starbucks’ dividend history here>>>
With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk.
ECDP has returned +0.18% in 2023 (through June 30) versus +16.90% for the S&P 500 Index. The portfolio returned -2.3% in 2022 versus -17.96% for the S&P 500 Index and -8.34% for the ProShares S&P 500 Dividend Aristocrats ETF NOBL.
Click here to access this portfolio on Zacks Advisor Tools.
Zacks Top 10 Stocks — Shopify Delivers Solid Returns
Shopify Inc. SHOP, from the Zacks Top 10 Stocks for 2023, has surged 76.7% year to date, which compares to a 16.5% gain for the S&P 500 Index.
The portfolio returned +16.16% through the end of July 2023 vs. +20.64% for the S&P 500 index and +10.73% for the equal-weighted version of the index. The portfolio returned -15.8% in 2022 vs. -18.1% for the S&P 500 index. Since 2012, the Top 10 portfolio has generated an annualized return of +22.78% vs. +13.65% for the S&P 500 index.
Since the start of 2012 through July 31, 2023, the Zacks Top 10 Stocks have produced a cumulative return of +977.47% vs. +340.35% cumulative return for the S&P 500 index.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Novo Nordisk A/S (NVO) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Starbucks Corporation (SBUX) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report
AutoZone, Inc. (AZO) : Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report
Shopify Inc. (SHOP) : Free Stock Analysis Report
ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Zacks Recommendation Upgrades Virco and Dell Higher Shares of Virco Mfg. Corporation VIRC and Dell Technologies Inc. DELL have advanced 36.4% (versus the S&P 500’s 1.9% fall) and 4.9% (versus the S&P 500’s 1.6% fall) since their Zacks Recommendation was upgraded to Outperform on September 13 and September 8, respectively. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports To read this article on Zacks.com click here.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports To read this article on Zacks.com click here. Image Source: Zacks Investment Research Zacks Recommendation Upgrades Virco and Dell Higher Shares of Virco Mfg. Corporation VIRC and Dell Technologies Inc. DELL have advanced 36.4% (versus the S&P 500’s 1.9% fall) and 4.9% (versus the S&P 500’s 1.6% fall) since their Zacks Recommendation was upgraded to Outperform on September 13 and September 8, respectively.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports To read this article on Zacks.com click here. Image Source: Zacks Investment Research Zacks Recommendation Upgrades Virco and Dell Higher Shares of Virco Mfg. Corporation VIRC and Dell Technologies Inc. DELL have advanced 36.4% (versus the S&P 500’s 1.9% fall) and 4.9% (versus the S&P 500’s 1.6% fall) since their Zacks Recommendation was upgraded to Outperform on September 13 and September 8, respectively.
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Image Source: Zacks Investment Research Zacks Recommendation Upgrades Virco and Dell Higher Shares of Virco Mfg. Corporation VIRC and Dell Technologies Inc. DELL have advanced 36.4% (versus the S&P 500’s 1.9% fall) and 4.9% (versus the S&P 500’s 1.6% fall) since their Zacks Recommendation was upgraded to Outperform on September 13 and September 8, respectively. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports To read this article on Zacks.com click here.
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0a3c95fc-fa32-4250-bfd2-684273d2fa0d
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725214.0
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2023-11-10 00:00:00 UTC
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SoundHound AI (SOUN) Q3 Earnings In Line, Revenues Rise Y/Y
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DELL
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https://www.nasdaq.com/articles/soundhound-ai-soun-q3-earnings-in-line-revenues-rise-y-y
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nan
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nan
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SoundHound AI SOUN incurred third-quarter 2023 loss of 9 cents per share, in line with the Zacks Consensus Estimate. However, the bottom line marked an improvement of 40% year over year.
Revenues increased 18.6% year over year to $13.3 million, beating the Zacks Consensus Estimate by 7.9%.
The year-over-year growth can be attributed to portfolio strength that combines software engineering and generative AI. This has helped SoundHound attract new customers.
The cumulative bookings backlog grew to $341.7 million in the reported quarter, up 13% year over year.
Operating Details
In third-quarter 2023, operating expenses decreased 27.3% year over year to $27.8 million.
SoundHound AI, Inc. Price, Consensus and EPS Surprise
SoundHound AI, Inc. price-consensus-eps-surprise-chart | SoundHound AI, Inc. Quote
The year-over-year fall in operating expenses was primarily attributable to lower marketing & sales expenses (down 33%), research and development expenses (down 33.8%), and general and administrative expenses (down 28.2%).
Adjusted EBITDA loss of $7.3 million was narrower than the year-ago quarter’s figure of $16.9 million.
In the third quarter of 2023, operating loss was $14.5 million, narrower than a loss of $27.1 million reported in the year-ago quarter.
Balance Sheet
As of Sep 30, 2023, cash & cash equivalents were $96.1 million compared with $115.7 million as of Sep 30, 2022.
Long-term debt, as of Sep 30, 2023, was $85 million, up from $66.4 million as of Jun 30, 2023.
Guidance
For the fourth quarter of 2023, SoundHound expects revenues to be between $16 million and $20 million.
In addition, the company aims to report positive adjusted EBITDA in the current quarter.
Zacks Rank & Stocks to Consider
SoundHound AI currently carries a Zacks Rank #4 (Sell).
NVIDIA NVDA, Asure Software ASUR and Dell Technologies DELL are some better-ranked stocks that investors can consider from the broader Zacks Computer & Technology sector, each carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA’s shares have surged 221.3% year to date. NVDA is set to report its second-quarter fiscal 2024 results on Nov 21.
Asure Software shares have declined 9.6% year to date. Asure Software is set to report its third-quarter fiscal 2024 results on Nov 13.
Dell Technologies shares have returned 79.6% year to date. Dell Technologies is set to report its third-quarter fiscal 2024 results on Nov 30.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Asure Software Inc (ASUR) : Free Stock Analysis Report
SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA NVDA, Asure Software ASUR and Dell Technologies DELL are some better-ranked stocks that investors can consider from the broader Zacks Computer & Technology sector, each carrying a Zacks Rank #1 (Strong Buy). Dell Technologies shares have returned 79.6% year to date. Dell Technologies is set to report its third-quarter fiscal 2024 results on Nov 30.
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NVIDIA NVDA, Asure Software ASUR and Dell Technologies DELL are some better-ranked stocks that investors can consider from the broader Zacks Computer & Technology sector, each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies shares have returned 79.6% year to date.
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NVIDIA NVDA, Asure Software ASUR and Dell Technologies DELL are some better-ranked stocks that investors can consider from the broader Zacks Computer & Technology sector, each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies shares have returned 79.6% year to date.
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NVIDIA NVDA, Asure Software ASUR and Dell Technologies DELL are some better-ranked stocks that investors can consider from the broader Zacks Computer & Technology sector, each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies shares have returned 79.6% year to date.
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5e7886ae-b800-4d25-a8d0-d8ee4bcbce0c
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725215.0
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2023-11-10 00:00:00 UTC
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Dell Technologies Inc. (DELL) Soars to 52-Week High, Time to Cash Out?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.-dell-soars-to-52-week-high-time-to-cash-out
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nan
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nan
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Have you been paying attention to shares of Dell Technologies (DELL)? Shares have been on the move with the stock up 4.6% over the past month. The stock hit a new 52-week high of $73.27 in the previous session. Dell Technologies has gained 79.6% since the start of the year compared to the 39% move for the Zacks Computer and Technology sector and the 21.3% return for the Zacks Computers - IT Services industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 31, 2023, Dell Technologies reported EPS of $1.74 versus consensus estimate of $1.13 while it beat the consensus revenue estimate by 10.36%.
For the current fiscal year, Dell Technologies is expected to post earnings of $6.32 per share on $90.78 billion in revenues. This represents a -16.82% change in EPS on a -11.27% change in revenues. For the next fiscal year, the company is expected to earn $6.99 per share on $95.44 billion in revenues. This represents a year-over-year change of 10.47% and 5.13%, respectively.
Valuation Metrics
Dell Technologies may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Dell Technologies has a Value Score of A. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 11.4X current fiscal year EPS estimates, which is not in-line with the peer industry average of 23.3X. On a trailing cash flow basis, the stock currently trades at 6.3X versus its peer group's average of 11.6X. Additionally, the stock has a PEG ratio of 0.95. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Dell Technologies currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Dell Technologies fits the bill. Thus, it seems as though Dell Technologies shares could have potential in the weeks and months to come.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the current fiscal year, Dell Technologies is expected to post earnings of $6.32 per share on $90.78 billion in revenues. Fortunately, Dell Technologies currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates. Have you been paying attention to shares of Dell Technologies (DELL)?
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In its last earnings report on August 31, 2023, Dell Technologies reported EPS of $1.74 versus consensus estimate of $1.13 while it beat the consensus revenue estimate by 10.36%. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Dell Technologies fits the bill. Have you been paying attention to shares of Dell Technologies (DELL)?
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Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Dell Technologies fits the bill. Have you been paying attention to shares of Dell Technologies (DELL)? Dell Technologies has gained 79.6% since the start of the year compared to the 39% move for the Zacks Computer and Technology sector and the 21.3% return for the Zacks Computers - IT Services industry.
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Dell Technologies has a Value Score of A. Have you been paying attention to shares of Dell Technologies (DELL)? Dell Technologies has gained 79.6% since the start of the year compared to the 39% move for the Zacks Computer and Technology sector and the 21.3% return for the Zacks Computers - IT Services industry.
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e2a97e9b-12c7-4475-9cec-0415793b56e4
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725216.0
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2023-11-10 00:00:00 UTC
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Best Growth Stocks to Buy for November 10th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-november-10th-1
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 10th:
Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologies has a PEG ratio of 0.95 compared with 2.20 for the industry. The company possesses a Growth Score of A.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Liberty EnergyLBRT: This company which is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.
Liberty Energy Inc. Price and Consensus
Liberty Energy Inc. price-consensus-chart | Liberty Energy Inc. Quote
Liberty Energy has a PEG ratio of 0.70 compared with 0.72 for the industry. The company possesses a Growth Score of A.
Liberty Energy Inc. PEG Ratio (TTM)
Liberty Energy Inc. peg-ratio-ttm | Liberty Energy Inc. Quote
H&E Equipment Services HEES: This company which is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.2% over the last 60 days.
H&E Equipment Services, Inc. Price and Consensus
H&E Equipment Services, Inc. price-consensus-chart | H&E Equipment Services, Inc. Quote
H&E Equipment Services has a PEG ratio of 0.69 compared with 0.70 for the industry. The company possesses a Growth Score of B.
H&E Equipment Services, Inc. PEG Ratio (TTM)
H&E Equipment Services, Inc. peg-ratio-ttm | H&E Equipment Services, Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
H&E Equipment Services, Inc. (HEES) : Free Stock Analysis Report
Liberty Energy Inc. (LBRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 10th: Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.95 compared with 2.20 for the industry. The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Liberty EnergyLBRT: This company which is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 10th: Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report H&E Equipment Services, Inc. (HEES) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.95 compared with 2.20 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 10th: Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Liberty EnergyLBRT: This company which is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.95 compared with 2.20 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 10th: Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Liberty EnergyLBRT: This company which is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.95 compared with 2.20 for the industry.
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69b034ee-3012-430e-a75f-80538199a2a2
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725217.0
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2023-11-10 00:00:00 UTC
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Best Value Stocks to Buy for November 10th
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DELL
|
https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-november-10th-1
|
nan
|
nan
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 10th:
PBF Energy PBF: This company which is a leading refiner of crude, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.1% over the last 60 days.
PBF Energy Inc. Price and Consensus
PBF Energy Inc. price-consensus-chart | PBF Energy Inc. Quote
PBF Energy has a price-to-earnings ratio (P/E) of 3.60 compared with 7.5 for the industry. The company possesses a Value Score of A.
PBF Energy Inc. PE Ratio (TTM)
PBF Energy Inc. pe-ratio-ttm | PBF Energy Inc. Quote
Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologies has a price-to-earnings ratio (P/E) of 11.46 compared with 37.60 for the industry. The company possesses a Value Score of A.
Dell Technologies Inc. PE Ratio (TTM)
Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote
DoubleDown Interactive DDI: This company which is a developer and publisher of digital social casino games, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days.
DoubleDown Interactive Co., Ltd. Sponsored ADR Price and Consensus
DoubleDown Interactive Co., Ltd. Sponsored ADR price-consensus-chart | DoubleDown Interactive Co., Ltd. Sponsored ADR Quote
DoubleDown Interactive has a price-to-earnings ratio (P/E) of 4.72 compared with 14.40 for the industry. The company possesses a Value Score of B.
DoubleDown Interactive Co., Ltd. Sponsored ADR PE Ratio (TTM)
DoubleDown Interactive Co., Ltd. Sponsored ADR pe-ratio-ttm | DoubleDown Interactive Co., Ltd. Sponsored ADR Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
PBF Energy Inc. (PBF) : Free Stock Analysis Report
DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company possesses a Value Score of A. PBF Energy Inc. PE Ratio (TTM) PBF Energy Inc. pe-ratio-ttm | PBF Energy Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a price-to-earnings ratio (P/E) of 11.46 compared with 37.60 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote DoubleDown Interactive DDI: This company which is a developer and publisher of digital social casino games, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days.
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The company possesses a Value Score of A. PBF Energy Inc. PE Ratio (TTM) PBF Energy Inc. pe-ratio-ttm | PBF Energy Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote DoubleDown Interactive DDI: This company which is a developer and publisher of digital social casino games, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report DoubleDown Interactive Co., Ltd.
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The company possesses a Value Score of A. PBF Energy Inc. PE Ratio (TTM) PBF Energy Inc. pe-ratio-ttm | PBF Energy Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote DoubleDown Interactive DDI: This company which is a developer and publisher of digital social casino games, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report DoubleDown Interactive Co., Ltd.
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The company possesses a Value Score of A. PBF Energy Inc. PE Ratio (TTM) PBF Energy Inc. pe-ratio-ttm | PBF Energy Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a price-to-earnings ratio (P/E) of 11.46 compared with 37.60 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote DoubleDown Interactive DDI: This company which is a developer and publisher of digital social casino games, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days.
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c78e1536-43ca-4fbf-92df-542e1ae4a00e
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725218.0
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2023-11-10 00:00:00 UTC
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Best Income Stocks to Buy for November 10th
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DELL
|
https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-november-10th-1
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nan
|
nan
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Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 10th:
RITHM CAP CP RITM: This company which is a provider of capital and services to the real estate and financial services industries, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days.
Rithm Capital Corp. Price and Consensus
Rithm Capital Corp. price-consensus-chart | Rithm Capital Corp. Quote
This Zacks Rank #1 company has a dividend yield of 10.3%, compared with the industry average of 0.0%.
Rithm Capital Corp. Dividend Yield (TTM)
Rithm Capital Corp. dividend-yield-ttm | Rithm Capital Corp. Quote
The Andersons ANDE: This regional grain merchandiser with diversified businesses in agriculture, plant nutrient formulation and distribution, turf product production, railcar marketing and general merchandise retailing that generate revenues, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.
The Andersons, Inc. Price and Consensus
The Andersons, Inc. price-consensus-chart | The Andersons, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 1.60%, compared with the industry average of 0.0%.
The Andersons, Inc. Dividend Yield (TTM)
The Andersons, Inc. dividend-yield-ttm | The Andersons, Inc. Quote
Dell Technologies DELL: This company which is a provider of information technology solutions,has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 0.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.1%, compared with the industry average of 0.0%.
Dell Technologies Inc. Dividend Yield (TTM)
Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Andersons, Inc. (ANDE) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Rithm Capital Corp. (RITM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Andersons, Inc. Dividend Yield (TTM) The Andersons, Inc. dividend-yield-ttm | The Andersons, Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions,has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.1%, compared with the industry average of 0.0%. Dell Technologies Inc. Dividend Yield (TTM) Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.1%, compared with the industry average of 0.0%. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Rithm Capital Corp. (RITM) : Free Stock Analysis Report To read this article on Zacks.com click here. The Andersons, Inc. Dividend Yield (TTM) The Andersons, Inc. dividend-yield-ttm | The Andersons, Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions,has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 0.5% over the last 60 days.
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The Andersons, Inc. Dividend Yield (TTM) The Andersons, Inc. dividend-yield-ttm | The Andersons, Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions,has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 0.5% over the last 60 days. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Rithm Capital Corp. (RITM) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.1%, compared with the industry average of 0.0%.
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The Andersons, Inc. Dividend Yield (TTM) The Andersons, Inc. dividend-yield-ttm | The Andersons, Inc. Quote Dell Technologies DELL: This company which is a provider of information technology solutions,has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.1%, compared with the industry average of 0.0%. Dell Technologies Inc. Dividend Yield (TTM) Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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a76cbfcd-cd5e-41f7-81df-dfe863f0dffa
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725219.0
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2023-11-09 00:00:00 UTC
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Dell and Brookline have been highlighted as Zacks Bull and Bear of the Day
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DELL
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https://www.nasdaq.com/articles/dell-and-brookline-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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nan
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nan
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For Immediate Release
Chicago, IL – November 9, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Brookline Bancorp BRKL as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wix.com WIX and Keysight Technologies KEYS.
Here is a synopsis of all four stocks.
Bull of the Day:
In a recent Zacks Ultimate Strategy Session, I was asked what sector in the market I thought would lead heading into the end of the year. The favorites of yesteryear like energy or tech were not my choice. Rather, I thought that consumer discretionary was going to lead the way. My thinking was that folks were overly bearish on the US consumer given that student loan payments were set to un-freeze. If there’s one thing about American’s you can’t ever question, it’s our propensity to buy cool stuff to make us feel better. A little retail therapy so-to-speak.
Today’s Bull of the Day is a stock that benefits from consumer spending, but it’s also an enterprise play. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies.Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
The reason for the favorable Zacks Rank is the recent positive earnings estimate revisions coming from analysts. Over the last sixty days, two analysts have upped the ante for both the current year and next year. It’s pushed up our Zacks Consensus Estimate for the current year from $5.55 to $6.33 while next year’s number is up from $6.12 to $6.99.
The company has been on an absolute heater when it comes to earnings reports. Last quarter’s 61 cent beat was the latest in a line of earnings beats dating back six consecutive quarters. While the company has been beating, estimates continue to rise. Estimates bottomed out in Q2 2023. Since then, they’ve continued to move up. That has helped the stock move from lows under $40 to over $70 where it closed on November 8th.
Bear of the Day:
Last week’s rally saw the small caps take off. So far this week, that hasn’t been the case. One of the areas of the market that rallied so dramatically along with the small caps was the regional banks. Unfortunately, over the last few days, it’s also been one of the hardest hit spots. Some of these stocks have more reason than others to give up ground. One of them is today’s Bear of the Day, Brookline Bancorp.
Brookline Bancorp, Inc. operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.
The stock is currently a Zacks Rank #5 (Strong Sell) in the Financial – Savings and Loan industry which ranks in the Bottom 40% of our Zacks Industry Rank. The reason for the unfavorable rank is that over the last thirty days, three analysts have cut their estimates for next year. The bearish sentiment has cut down our Zacks Consensus Estimate from $1.12 to 92 cents for next year. That represents a drop of 10.13% for next year. That’s coming on the heels of this year’s 29% contraction in earnings.
Additional content:
These Stocks Likely to Outpace Estimates This Earnings Season
The July-September 2023 quarter earnings season for the Zacks Computer and Technology sector has been relatively modest so far than what the market had expected earlier.
Most companies in the space beat consensus EPS and revenue estimates, backed by accelerated digital transformation initiatives and strong IT spending. However, continued supply-chain disruptions, inflationary pressure and labor market constraints hurt the top and bottom-line growth of tech companies.
Per the latest Earnings Trends report, as of Nov 1, 53.3% of the tech companies in the S&P 500 list, constituting nearly 56.4% of the sector’s market capitalization, reported earnings. Total earnings of these tech companies were up 20.8% from the same period last year on 4.3% higher revenues, with 90% beating EPS estimates and 65% beating revenue estimates.
Overall, third-quarter earnings of the Computer and Technology sector are expected to grow 18.9% on 3.9% higher revenues compared with earnings growth of 4.9% on 1.7% higher revenues in the prior year period. The tech sector’s growth pace is expected to continue.
Earnings of the Big 7 Tech Players — Microsoft, Alphabet, Meta, Nvidia, Apple, Tesla, and Amazon — are expected to be up 49% from the same period last year on 12.1% higher revenues.
Zeroing-In on Winners
As the third-quarter earnings season is drawing to a close, a few tech companies are yet to report their quarterly figures. Here, with the help of the Zacks proprietary methodology, we have highlighted three tech stocks that are expected to deliver a beat in their upcoming quarterly results.
With the presence of several industry participants, finding the right tech stocks with the potential to beat on earnings can be daunting. Our proprietary methodology, however, makes this task fairly simple.
You could narrow down your choices by looking at stocks that have the perfect combination of two key elements: a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP is our proprietary methodology for determining stocks that have maximum chances of beating estimates in their next earnings announcement. It is the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Our research shows that for stocks with this favorable mix of ingredients, the odds of a positive earnings surprise are as high as 70%.
3 Tech Stocks That Match the Criteria
Wix.com is slated to report third-quarter results on Nov 9. The company currently has an Earnings ESP of +20.19% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
WIX’s third-quarter performance is likely to have benefited from strong bookings growth and an improvement in the user base. This apart, its focus on converting new users to paid subscribers, coupled with strong customer retention and increasing average revenue per subscription, is anticipated to have boosted third-quarter performance. The robust uptake of AI Text Creator as well as Wix Editor and other new e-commerce applications, is likely to drive its results.
AI Text Creator enables Wix Editor users to create, manage and grow their online presence with quality site content. The company’s cost reduction initiative is expected to have cushioned its margin performance. WIX expects annual recurring revenues to be driven by incremental subscriptions from the ramping up of its Partners business on its core Self Creators base.
The Zacks Consensus Estimate for earnings has risen 5.5% to 77 cents per share in the past 30 days.
Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote
Dell Technologies is slated to report third-quarter fiscal 2024 results on Nov 30. The company currently has an Earnings ESP of +0.80% and sports a Zacks Rank #1.
The company is expanding its Generative AI solutions portfolio, which is expected to have accelerated top-line growth in the to-be-reported quarter. Dell’s latest security services and solutions are expected to have helped enterprises protect their systems from threats, respond to attacks and secure their devices, systems and clouds.
It is expanding the capabilities of Managed Detection and Response solutions with the latest Pro Plus, which is a fully managed security operations solution. For the third quarter of fiscal 2024, DELL expects total revenues between $22.5 million and $23.5 billion, with a midpoint of $23 billion.
The Zacks Consensus Estimate for earnings has increased by a penny to $1.47 per share in the past 30 days.
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Keysight Technologies is slated to report fourth-quarter fiscal 2024 results on Nov 20. The company currently has an Earnings ESP of +0.18% and a Zacks Rank #3.
The company’s top line is expected to have benefited from steady demand for electronic design and test solutions. Its approach of collaborating with leading organizations to accelerate innovation and strategic buyouts is strengthening its portfolio and is likely to have supported the top line during the quarter.
Keysight has been gaining traction with strong industry-wide growth. It is witnessing solid adoption of its electronic design and test solutions. Electronic devices form the fulcrum of IoT services, wireless devices, data centers and 5G technologies. The rapid adoption of these devices has been increasing demand for electronics testing equipment.
The Zacks Consensus Estimate for earnings has remained steady at $1.87 per share in the past 30 days.
Keysight Technologies Inc. price-eps-surprise | Keysight Technologies Inc. Quote
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
Wix.com Ltd. (WIX) : Free Stock Analysis Report
Brookline Bancorp, Inc. (BRKL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies.Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. For Immediate Release Chicago, IL – November 9, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Brookline Bancorp BRKL as the Bear of the Day. Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote Dell Technologies is slated to report third-quarter fiscal 2024 results on Nov 30.
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Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Keysight Technologies is slated to report fourth-quarter fiscal 2024 results on Nov 20. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report Wix.com Ltd. (WIX) : Free Stock Analysis Report Brookline Bancorp, Inc. (BRKL) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 9, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Brookline Bancorp BRKL as the Bear of the Day.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report Wix.com Ltd. (WIX) : Free Stock Analysis Report Brookline Bancorp, Inc. (BRKL) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 9, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Brookline Bancorp BRKL as the Bear of the Day. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies.Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.
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For Immediate Release Chicago, IL – November 9, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Brookline Bancorp BRKL as the Bear of the Day. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies.Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote Dell Technologies is slated to report third-quarter fiscal 2024 results on Nov 30.
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4763ce81-9f8a-4b9f-9c82-5d0f7c8733aa
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725220.0
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2023-11-09 00:00:00 UTC
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Bull of the Day: Dell Technologies (DELL)
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DELL
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https://www.nasdaq.com/articles/bull-of-the-day%3A-dell-technologies-dell-2
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nan
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nan
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In a recent Zacks Ultimate Strategy Session, I was asked what sector in the market I thought would lead heading into the end of the year. The favorites of yesteryear like energy or tech were not my choice. Rather, I thought that consumer discretionary was going to lead the way. My thinking was that folks were overly bearish on the US consumer given that student loan payments were set to un-freeze. If there’s one thing about American’s you can’t ever question, it’s our propensity to buy cool stuff to make us feel better. A little retail therapy so-to-speak.
Today’s Bull of the Day is a stock that benefits from consumer spending, but it’s also an enterprise play. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies (DELL). Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
Image Source: Zacks Investment Research
The reason for the favorable Zacks Rank is the recent positive earnings estimate revisions coming from analysts. Over the last sixty days, two analysts have upped the ante for both the current year and next year. It’s pushed up our Zacks Consensus Estimate for the current year from $5.55 to $6.33 while next year’s number is up from $6.12 to $6.99.
The company has been on an absolute heater when it comes to earnings reports. Last quarter’s 61 cent beat was the latest in a line of earnings beats dating back six consecutive quarters. While the company has been beating, estimates continue to rise. Estimates bottomed out in Q2 2023. Since then, they’ve continued to move up. That has helped the stock move from lows under $40 to over $70 where it closed on November 8th.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies (DELL). Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.
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I’m talking about Zacks Rank #1 (Strong Buy) Dell Technologies (DELL). Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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7e636b63-6d11-4c30-b64e-81a3024c5ace
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725221.0
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2023-11-08 00:00:00 UTC
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Are Investors Undervaluing Dell Technologies (DELL) Right Now?
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DELL
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https://www.nasdaq.com/articles/are-investors-undervaluing-dell-technologies-dell-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.53. This compares to its industry's average Forward P/E of 30.36. Over the past 52 weeks, DELL's Forward P/E has been as high as 11.95 and as low as 5.42, with a median of 8.14.
Investors will also notice that DELL has a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DELL's PEG compares to its industry's average PEG of 2.22. Within the past year, DELL's PEG has been as high as 1 and as low as 0.45, with a median of 0.68.
If you're looking for another solid Computers - IT Services value stock, take a look at Science Applications International (SAIC). SAIC is a # 2 (Buy) stock with a Value score of A.
Additionally, Science Applications International has a P/B ratio of 3.19 while its industry's price-to-book ratio sits at 20.87. For SAIC, this valuation metric has been as high as 3.83, as low as 3.01, with a median of 3.41 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Dell Technologies and Science Applications International are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DELL and SAIC feels like a great value stock at the moment.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Science Applications International Corporation (SAIC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These figures are just a handful of the metrics value investors tend to look at, but they help show that Dell Technologies and Science Applications International are likely being undervalued right now. Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
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Dell Technologies (DELL) is a stock many investors are watching right now. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report To read this article on Zacks.com click here. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
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Dell Technologies (DELL) is a stock many investors are watching right now. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. Over the past 52 weeks, DELL's Forward P/E has been as high as 11.95 and as low as 5.42, with a median of 8.14.
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a1812a09-23ab-4364-bca8-7701d1fa3643
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725222.0
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2023-11-08 00:00:00 UTC
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4 Tech Stocks Likely to Outpace Estimates This Earnings Season
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DELL
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https://www.nasdaq.com/articles/4-tech-stocks-likely-to-outpace-estimates-this-earnings-season-0
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nan
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nan
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The July-September 2023 quarter earnings season for the Zacks Computer and Technology sector has been relatively modest so far than what the market had expected earlier.
Most companies in the space beat consensus EPS and revenue estimates, backed by accelerated digital transformation initiatives and strong IT spending. However, continued supply-chain disruptions, inflationary pressure and labor market constraints hurt the top and bottom-line growth of tech companies.
Per the latest Earnings Trends report, as of Nov 1, 53.3% of the tech companies in the S&P 500 list, constituting nearly 56.4% of the sector’s market capitalization, reported earnings. Total earnings of these tech companies were up 20.8% from the same period last year on 4.3% higher revenues, with 90% beating EPS estimates and 65% beating revenue estimates.
Overall, third-quarter earnings of the Computer and Technology sector are expected to grow 18.9% on 3.9% higher revenues compared with earnings growth of 4.9% on 1.7% higher revenues in the prior year period. The tech sector’s growth pace is expected to continue.
Earnings of the Big 7 Tech Players — Microsoft, Alphabet, Meta, Nvidia, Apple, Tesla, and Amazon — are expected to be up 49% from the same period last year on 12.1% higher revenues.
Zeroing in on Winners
As the third-quarter earnings season is drawing to a close, a few tech companies are yet to report their quarterly figures. Here, with the help of the Zacks proprietary methodology, we have highlighted four tech stocks — Wix.com WIX, Dell Technologies DELL, Keysight Technologies KEYS and 2U TWOU — that are expected to deliver a beat in their upcoming quarterly results.
With the presence of several industry participants, finding the right tech stocks with the potential to beat on earnings can be daunting. Our proprietary methodology, however, makes this task fairly simple.
You could narrow down your choices by looking at stocks that have the perfect combination of two key elements: a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP is our proprietary methodology for determining stocks that have maximum chances of beating estimates in their next earnings announcement. It is the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Our research shows that for stocks with this favorable mix of ingredients, the odds of a positive earnings surprise are as high as 70%.
4 Tech Stocks That Match the Criteria
Wix.com is slated to report third-quarter results on Nov 9. The company currently has an Earnings ESP of +20.19% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
WIX’s third-quarter performance is likely to have benefited from strong bookings growth and an improvement in the user base. This apart, its focus on converting new users to paid subscribers, coupled with strong customer retention and increasing average revenue per subscription, is anticipated to have boosted third-quarter performance. The robust uptake of AI Text Creator as well as Wix Editor and other new e-commerce applications, is likely to drive its results.
AI Text Creator enables Wix Editor users to create, manage and grow their online presence with quality site content. The company’s cost reduction initiative is expected to have cushioned its margin performance. WIX expects annual recurring revenues to be driven by incremental subscriptions from the ramping up of its Partners business on its core Self Creators base.
The Zacks Consensus Estimate for earnings has risen 5.5% to 77 cents per share in the past 30 days.
Wix.com Ltd. Price and EPS Surprise
Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote
Dell Technologies is slated to report third-quarter fiscal 2024 results on Nov 30. The company currently has an Earnings ESP of +0.80% and sports a Zacks Rank #1.
The company is expanding its Generative AI solutions portfolio, which is expected to have accelerated top-line growth in the to-be-reported quarter. Dell’s latest security services and solutions are expected to have helped enterprises protect their systems from threats, respond to attacks and secure their devices, systems and clouds. It is expanding the capabilities of Managed Detection and Response solutions with the latest Pro Plus, which is a fully managed security operations solution. For the third quarter of fiscal 2024, DELL expects total revenues between $22.5 million and $23.5 billion, with a midpoint of $23 billion.
The Zacks Consensus Estimate for earnings has increased by a penny to $1.47 per share in the past 30 days.
Dell Technologies Inc. Price and EPS Surprise
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Keysight Technologies is slated to report fourth-quarter fiscal 2024 results on Nov 20. The company currently has an Earnings ESP of +0.18% and a Zacks Rank #3.
The company’s top line is expected to have benefited from steady demand for electronic design and test solutions. Its approach of collaborating with leading organizations to accelerate innovation and strategic buyouts is strengthening its portfolio and is likely to have supported the top line during the quarter. Keysight has been gaining traction with strong industry-wide growth. It is witnessing solid adoption of its electronic design and test solutions. Electronic devices form the fulcrum of IoT services, wireless devices, data centers and 5G technologies. The rapid adoption of these devices has been increasing demand for electronics testing equipment.
The Zacks Consensus Estimate for earnings has remained steady at $1.87 per share in the past 30 days.
Keysight Technologies Inc. Price and EPS Surprise
Keysight Technologies Inc. price-eps-surprise | Keysight Technologies Inc. Quote
2U is slated to report third-quarter results on Nov 9. The company currently has an Earnings ESP of +91.07% and carries a Zacks Rank #3.
2U has established significant partnerships with the likes of the University of Cape Town, The Raspberry Pi Foundation and Tel Aviv University among others. These partnerships are expected to have boosted the average program revenues in the third quarter. By continuing to invest in educational opportunities that focus on future job skills, the company empowers individuals to adapt to evolving job markets, stimulate economic growth and create a more inclusive and prosperous future for everyone. These efforts are expected to have boosted alternative credential revenues in the to-be-reported quarter.
The Zacks Consensus Estimate for loss has narrowed by a penny to 11 cents per share in the past 30 days.
2U, Inc. Price and EPS Surprise
2U, Inc. price-eps-surprise | 2U, Inc. Quote
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
Wix.com Ltd. (WIX) : Free Stock Analysis Report
2U, Inc. (TWOU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here, with the help of the Zacks proprietary methodology, we have highlighted four tech stocks — Wix.com WIX, Dell Technologies DELL, Keysight Technologies KEYS and 2U TWOU — that are expected to deliver a beat in their upcoming quarterly results. Wix.com Ltd. Price and EPS Surprise Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote Dell Technologies is slated to report third-quarter fiscal 2024 results on Nov 30. Dell’s latest security services and solutions are expected to have helped enterprises protect their systems from threats, respond to attacks and secure their devices, systems and clouds.
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Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Keysight Technologies is slated to report fourth-quarter fiscal 2024 results on Nov 20. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report Wix.com Ltd. (WIX) : Free Stock Analysis Report 2U, Inc. (TWOU) : Free Stock Analysis Report To read this article on Zacks.com click here. Here, with the help of the Zacks proprietary methodology, we have highlighted four tech stocks — Wix.com WIX, Dell Technologies DELL, Keysight Technologies KEYS and 2U TWOU — that are expected to deliver a beat in their upcoming quarterly results.
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Here, with the help of the Zacks proprietary methodology, we have highlighted four tech stocks — Wix.com WIX, Dell Technologies DELL, Keysight Technologies KEYS and 2U TWOU — that are expected to deliver a beat in their upcoming quarterly results. Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Keysight Technologies is slated to report fourth-quarter fiscal 2024 results on Nov 20. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report Wix.com Ltd. (WIX) : Free Stock Analysis Report 2U, Inc. (TWOU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here, with the help of the Zacks proprietary methodology, we have highlighted four tech stocks — Wix.com WIX, Dell Technologies DELL, Keysight Technologies KEYS and 2U TWOU — that are expected to deliver a beat in their upcoming quarterly results. Wix.com Ltd. Price and EPS Surprise Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote Dell Technologies is slated to report third-quarter fiscal 2024 results on Nov 30. Dell’s latest security services and solutions are expected to have helped enterprises protect their systems from threats, respond to attacks and secure their devices, systems and clouds.
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d7f46e49-e634-419f-84ce-ab3926b5be26
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725223.0
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2023-11-08 00:00:00 UTC
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Best Income Stocks to Buy for November 8th
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DELL
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https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-november-8th-1
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nan
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nan
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Here are two stocks with buy rank and strong income characteristics for investors to consider today, November 8:
First Community Bankshares, Inc. FCBC: This financial holding company for First Community Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.
First Community Bancshares, Inc. Price and Consensus
First Community Bancshares, Inc. price-consensus-chart | First Community Bancshares, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 3.4%, compared with the industry average of 3%.
First Community Bancshares, Inc. Dividend Yield (TTM)
First Community Bancshares, Inc. dividend-yield-ttm | First Community Bancshares, Inc. Quote
Dell Technologies Inc. DELL: This information technology solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
This Zacks Rank #1 company has a dividend yield of 2.1%, compared with the industry average of 0.0%.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
First Community Bancshares, Inc. (FCBC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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First Community Bancshares, Inc. Dividend Yield (TTM) First Community Bancshares, Inc. dividend-yield-ttm | First Community Bancshares, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.1%, compared with the industry average of 0.0%. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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First Community Bancshares, Inc. Dividend Yield (TTM) First Community Bancshares, Inc. dividend-yield-ttm | First Community Bancshares, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.1%, compared with the industry average of 0.0%. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report First Community Bancshares, Inc. (FCBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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First Community Bancshares, Inc. Dividend Yield (TTM) First Community Bancshares, Inc. dividend-yield-ttm | First Community Bancshares, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.1%, compared with the industry average of 0.0%. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report First Community Bancshares, Inc. (FCBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report First Community Bancshares, Inc. (FCBC) : Free Stock Analysis Report To read this article on Zacks.com click here. First Community Bancshares, Inc. Dividend Yield (TTM) First Community Bancshares, Inc. dividend-yield-ttm | First Community Bancshares, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days.
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e02d2b58-e48b-431d-9c18-f091cd03e609
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725224.0
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2023-11-08 00:00:00 UTC
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Better AI Stock: Super Micro Computer vs. IonQ
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DELL
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https://www.nasdaq.com/articles/better-ai-stock%3A-super-micro-computer-vs.-ionq
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nan
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nan
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Super Micro Computer (NASDAQ: SMCI) and IonQ (NYSE: IONQ) both saw their stocks soar amid the buying frenzy in artificial intelligence (AI) stocks over the past year. Shares of Super Micro Computer, more commonly known as Supermicro, surged 211% this year as its sales of dedicated AI servers skyrocketed. IonQ's stock rallied 236% as it dazzled investors with the rapid expansion of its quantum computing systems -- which can process AI tasks much faster than traditional computers.
But should investors buy either of these high-flying AI stocks today? Let's review their business models, growth rates, and valuations to decide.
Image source: Getty Images.
Supermicro is firing on all cylinders
Supermicro sells high-end servers to more than 1,000 customers in over 100 countries. It's the world's seventh-largest server company with a market share of about 5%, according to History-Computer, and its largest competitors are Dell (NYSE: DELL) and Hewlett Packard Enterprise (NYSE: HPE).
Supermicro didn't initially attract much attention when it went public in 2007 since it seemed like an underdog in a commoditized market. It also had a shaky reputation. It was fined in 2006 for violating U.S. trade sanctions with indirect exports to Iran, while Chinese spy chips were allegedly found in some of its motherboards in 2019.
But despite those challenges, Supermicro carved out a niche in dedicated AI servers through a close partnership with Nvidia (NASDAQ: NVDA), the world's leading producer of high-end data center GPUs for processing complex AI tasks. That close relationship enabled it to install Nvidia's latest GPUs before its larger competitors in the pre-built server market.
As a result, the rise of generative AI platforms over the past two years -- which sparked a buying frenzy in high-end GPUs and pre-built AI servers -- lit a fire under Supermicro's business. Its revenue soared 46% in fiscal 2022 and 37% in fiscal 2023 (which ended this June). Its adjusted net income rose 129% in fiscal 2022 and 116% in fiscal 2023. It also grew its share of the dedicated AI server market against HP, Dell, and its other larger competitors.
Supermicro expects its revenue to rise between 40% and 54% to between $10 and $11 billion in fiscal 2024, even as it grapples with a constrained supply of Nvidia's GPUs, while analysts expect its adjusted EPS to grow 44%. Those are superb growth rates for a stock that trades at 15 times forward earnings and 1.2 times next year's sales. Analysts expect its revenue to rise at a compound annual growth rate (CAGR) of 22% from fiscal 2023 through fiscal 2026.
IonQ has a lot of growth potential
Traditional computers use binary bits of zeros and ones to process data. Quantum computers use "qubits," which simultaneously store both states to process data at much faster rates. But there's a downside to generating all that speed: Quantum computers still aren't as accurate as traditional computers, and they're bigger and pricier.
IonQ believes it can address those two issues with its "trapped ion" architecture, which enables it to produce qubit processing units (QPUs) that are only two inches wide. By comparison, most current-generation QPU systems are several feet wide. IonQ also provides its quantum computing power as a cloud-based service through Amazon's Braket, Microsoft's Azure, and Alphabet's Google Cloud.
Quantum computing companies measure their processing power in algorithmic qubits (AQs). During its pre-merger presentation, IonQ claimed it could increase its processing power from AQ 22 in 2021 to AQ 29 in 2023. However, it actually achieved AQ 29 seven months ahead of schedule -- and it's now set on reaching its next milestones of AQ 35 in 2024 and AQ 64 in 2025. Beyond those near-term goals, it expects to exponentially scale its business and reach AQ 1,024 by 2028.
IonQ's revenue rose from $3 million in 2021 to $11 million in 2022 as it secured more contracts and increased its computing power. It expects its revenue to rise another 70% to 73% to about $19 million in 2023. Those growth rates are impressive, but they're still well below its pre-merger goal of generating $34 million in revenue in 2023.
IonQ is still deeply unprofitable, and its stock might seem overvalued at 115 times this year's sales. But analysts still expect its revenue to grow at a compound annual growth rate (CAGR) of 115% from 2023 to 2025 -- so it might deserve that premium valuation if you believe it can successfully expand its quantum computing platform.
The better buy: Supermicro
Both of these stocks are promising plays on the long-term growth of the AI market. But if I had to choose one over the other right now, I'd pick Supermicro because it's already scaled up its business, it's growing rapidly, it's firmly profitable, and its stock is cheaper based on the metrics I look at most closely. IonQ could still have plenty of room to run, but its high valuation, lack of profits, and unproven track record make it a less appealing stock to buy as long as interest rates stay elevated.
10 stocks we like better than Super Micro Computer
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Super Micro Computer wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 30, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has positions in Alphabet and Amazon. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's the world's seventh-largest server company with a market share of about 5%, according to History-Computer, and its largest competitors are Dell (NYSE: DELL) and Hewlett Packard Enterprise (NYSE: HPE). It also grew its share of the dedicated AI server market against HP, Dell, and its other larger competitors. IonQ believes it can address those two issues with its "trapped ion" architecture, which enables it to produce qubit processing units (QPUs) that are only two inches wide.
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It's the world's seventh-largest server company with a market share of about 5%, according to History-Computer, and its largest competitors are Dell (NYSE: DELL) and Hewlett Packard Enterprise (NYSE: HPE). It also grew its share of the dedicated AI server market against HP, Dell, and its other larger competitors. Super Micro Computer (NASDAQ: SMCI) and IonQ (NYSE: IONQ) both saw their stocks soar amid the buying frenzy in artificial intelligence (AI) stocks over the past year.
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It's the world's seventh-largest server company with a market share of about 5%, according to History-Computer, and its largest competitors are Dell (NYSE: DELL) and Hewlett Packard Enterprise (NYSE: HPE). It also grew its share of the dedicated AI server market against HP, Dell, and its other larger competitors. Super Micro Computer (NASDAQ: SMCI) and IonQ (NYSE: IONQ) both saw their stocks soar amid the buying frenzy in artificial intelligence (AI) stocks over the past year.
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It's the world's seventh-largest server company with a market share of about 5%, according to History-Computer, and its largest competitors are Dell (NYSE: DELL) and Hewlett Packard Enterprise (NYSE: HPE). It also grew its share of the dedicated AI server market against HP, Dell, and its other larger competitors. Super Micro Computer (NASDAQ: SMCI) and IonQ (NYSE: IONQ) both saw their stocks soar amid the buying frenzy in artificial intelligence (AI) stocks over the past year.
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483afe05-e2c3-4f42-b4b4-25704846207e
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725225.0
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2023-11-07 00:00:00 UTC
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News Corporation (NWSA) to Report Q1 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/news-corporation-nwsa-to-report-q1-earnings%3A-whats-in-store
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nan
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nan
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News Corporation NWSA is set to report first-quarter fiscal 2024 results on Nov 9.
The Zacks Consensus Estimate for revenues is pegged at $2.49 billion, indicating an increase of 0.58% from the year-ago quarter’s reported level.
The consensus mark for earnings has been unchanged at 13 cents per share in the past 30 days.
The company’s earnings beat the Zacks Consensus Estimate twice in the last trailing four quarters, missing the mark twice. News Corporation has a trailing four-quarter earnings surprise of 5.39%, on average.
Let’s see how things have shaped prior to this announcement.
News Corporation Price and EPS Surprise
News Corporation price-eps-surprise | News Corporation Quote
Factors to Consider
Integration of OPIS and CMA is receiving strong demand from numerous industries like metal, sustainability, carbon plastics, renewables and biofuels. The yields are expected to rise, while retention is expected to be steady in the to-be-reported quarter.
The company’s continuous efforts to launch new products like carbon credit indices and work on more sophisticated analytics are likely to have driven customer base and retention in the to-be-reported quarter.
The demand for New York customer tools is expanding as governments globally continue to tighten regulations and wheeled sanctions. The trend is expected to have continued in the to-be-reported quarter.
In the fiscal fourth quarter, revenues of $2.43 billion decreased 9% year over year due to lower revenues at the Book Publishing segment, owing to a fall in book sales. The decline was also due to lower revenues at the Digital Real Estate Services segment because of continued challenging housing market conditions in the United States and Australia. The trend is expected to have continued in the to-be-reported quarter.
News Corporation will continue to assess opportunities to optimize its Digital Real Estate segment. The company is witnessing the continued impact of the macroeconomic environment on the housing market, including higher mortgage rates, which has led to lower lead and transaction volumes. This is expected to have weighed on top-line growth in the to-be-reported quarter.
The Book Publishing segment is expected to have borne the impact of lower book sales due to lower consumer demand industry-wide and weak frontlist performance in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here as you can see below.
News Corporation currently has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases.
Synopsys sports a Zacks Rank #1 and has an Earnings ESP of +0.94% at present. The company is scheduled to report fourth-quarter fiscal 2023 results on Nov 29. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 4.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ fourth-quarter earnings is pegged at $3.04 per share, indicating a year-over-year increase of 59.2%. The consensus mark for revenues is pegged at $1.58 billion, suggesting a year-over-year surge of 23.3%.
Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14% at present. The company is scheduled to report third-quarter fiscal 2024 results on Nov 30. Its earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, with the average surprise being 39.5%.
The Zacks Consensus Estimate for Dell’s third-quarter earnings is pinned at $1.47 per share, indicating a year-over-year decline of 36.1%. It is estimated to report revenues of $22.93 billion, which suggests a decrease of approximately 7.2% from the year-ago quarter.
Snowflake has a Zacks Rank #2 and an Earnings ESP of +15.71% at present. The company is slated to report third-quarter fiscal 2024 results on Nov 29. Snowflake’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 244.5%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the year-ago quarter’s earnings of 11 cents. Snowflake’s quarterly revenues are estimated to grow 27.6% year over year to $710.5 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
News Corporation (NWSA) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14% at present. The Zacks Consensus Estimate for Dell’s third-quarter earnings is pinned at $1.47 per share, indicating a year-over-year decline of 36.1%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report News Corporation (NWSA) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14% at present.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report News Corporation (NWSA) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14% at present.
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Stocks to Consider Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14% at present. The Zacks Consensus Estimate for Dell’s third-quarter earnings is pinned at $1.47 per share, indicating a year-over-year decline of 36.1%.
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12204707-c066-437c-985d-06e1413b8dc9
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725226.0
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2023-11-07 00:00:00 UTC
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Twilio (TWLO) Set to Report Q3 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/twilio-twlo-set-to-report-q3-earnings%3A-whats-in-store
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nan
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nan
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Twilio Inc. TWLO is slated to report third-quarter 2023 results on Nov 8.
For the third quarter, the company anticipates revenues between $980 million and $990 million. The Zacks Consensus Estimate for fiscal third-quarter revenues stands at $985 million, indicating a marginal improvement of 0.2% from the year-ago quarter’s revenues of $983 million.
Twilio anticipates non-GAAP earnings between 33 cents and 37 cents per share. The consensus mark for earnings is pegged at 35 cents per share, suggesting a strong improvement from the year-ago quarter’s loss of 27 cents per share.
Twilio’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 149.1%.
Twilio Inc. Price and EPS Surprise
Twilio Inc. price-eps-surprise | Twilio Inc. Quote
Factors at Play
Twilio’s third-quarter results are likely to reflect gains from continued digital transformation initiatives as organizations continue to reconfigure their setup for a hybrid operational environment. The strong uptake of Segment, the growing adoption of Twilio Flex and an increasing clientele base are likely to have favored the third-quarter performance.
In the last reported quarter, Twilio added around 4,000 new clients, taking the total active customer count to 304,000 as of Jun 30, 2023. In the third quarter, the company’s increasing scope among leading enterprises is likely to have acted as a key tailwind. Our estimates suggest that TWLO is expected to end the third quarter with 308,214 customers, indicating a year-over-year improvement of 10.1%.
Solutions like Twilio Conversations, SendGrid Ads and SendGrid’s Email Validation application programming interface are likely to have contributed to the third-quarter performance. The company’s efforts to fortify its global footprint are likely to be reflected in the to-be-reported quarter's results.
However, softening IT spending, as customers are pushing or postponing their large IT investment plans in the ongoing uncertain macroeconomic environment and geopolitical issues, is likely to have weighed on the to-be-reported quarter’s top line.
Our estimates suggest that the company’s International revenues are likely to have declined 0.5% year over year to $331 million in the third quarter. Meanwhile, revenues from the United States are expected to have marginally grown by 0.2% year over year to $651.9 million.
However, Twilio’s bottom line is likely to have benefited from its cost-saving initiatives, which include headcount reduction and the closure of several offices. The company ended the second quarter with 6,428 employees, down 24.5% from the year-ago quarter’s 8,510 staff. Our estimates suggest that Twilio is likely to have ended the third quarter with 6,437 employees.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Twilio this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Though TWLO currently carries a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases.
Synopsys sports a Zacks Rank #1 and has an Earnings ESP of +0.94%. The company is scheduled to report fourth-quarter fiscal 2023 results on Nov 29. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 4.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ fourth-quarter earnings is pegged at $3.04 per share, indicating a year-over-year increase of 59.2%. The consensus mark for revenues stands at $1.58 billion, suggesting a year-over-year surge of 23.3%.
Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The company is scheduled to report third-quarter fiscal 2024 results on Nov 30. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 39.5%.
The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%. It is estimated to report revenues of $22.93 billion, which suggests a decrease of approximately 7.2% from the year-ago quarter.
Snowflake is slated to report third-quarter fiscal 2024 results on Nov 29. The company has a Zacks Rank #2 and an Earnings ESP of +15.71% at present. Snowflake’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 244.5%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the year-ago quarter’s earnings of 11 cents. Snowflake’s quarterly revenues are estimated to grow 27.6% year over year to $710.5 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
Twilio Inc. (TWLO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%.
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Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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ddf33564-f357-444b-95c4-1ba91806357e
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725227.0
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2023-11-06 00:00:00 UTC
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New York Times (NYT) Lined Up for Q3 Earnings: Factors to Note
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DELL
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https://www.nasdaq.com/articles/new-york-times-nyt-lined-up-for-q3-earnings%3A-factors-to-note
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nan
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nan
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The New York Times Company NYT is likely to register an increase in the top line when it reports third-quarter 2023 numbers on Nov 8 before market open. The Zacks Consensus Estimate for revenues is pegged at $589.9 million, indicating an improvement of 7.7% from the prior-year reported figure. Over the past 30 days, the Zacks Consensus Estimate for third-quarter earnings per share has been stable at 29 cents.
This diversified media company has a trailing four-quarter earnings surprise of 43.5%, on average. In the last reported quarter, the company’s bottom line surpassed the Zacks Consensus Estimate by a margin of 81%.
Factors to Note
The New York Times Company has undertaken significant initiatives to diversify its business and adapt to the changing media landscape. These efforts include the introduction of new revenue streams, cost structure realignment and operational streamlining for enhanced efficiency. With a growing emphasis on subscription revenues, the company's business model appears well-positioned for continued growth.
The integration of technological advancements has allowed The New York Times Company to engage its target audience more effectively. Strategic acquisitions, such as Wirecutter, a product review website, and The Athletic, a digital subscription-based sports media business, have expanded the company's addressable market.
On its lastearnings call management provided guidance for the third quarter of 2023, projecting an approximate year-over-year increase of 8-10% in total subscription revenues and a surge of around 14-17% in digital-only subscription revenues.
Furthermore, the company has been actively reducing its reliance on traditional advertising by focusing on digitization. It's not only striving to become a leading source of news and information but also branching out into lifestyle products and services. Regarding advertising revenues in the third quarter, The New York Times Company anticipates flat total advertising revenues and a mid-single-digit increase in digital advertising revenues.
However, it's worth noting that any deleverage in expenses related to product development, sales and marketing, and general and administrative functions could potentially impact margins. The company's forecast includes an estimated 5-8% increase in adjusted operating costs for the third quarter.
The New York Times Company Price, Consensus and EPS Surprise
The New York Times Company price-consensus-eps-surprise-chart | The New York Times Company Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for The New York Times Company this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
The New York Times Company has a Zacks Rank #3 but an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Synopsys SNPS sports a Zacks Rank #1 and has an Earnings ESP of +0.94%. The company is scheduled to report fourth-quarter fiscal 2023 results on Nov 29. It has a trailing four-quarter earnings surprise of 4.2%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ fourth-quarter earnings is pegged at $3.04 per share, indicating a year-over-year increase of 59.2%. The consensus mark for revenues stands at $1.58 billion, suggesting a year-over-year surge of 23.3%.
Dell Technologies DELL sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The company is scheduled to report third-quarter fiscal 2024 results on Nov 30. It has a trailing four-quarter earnings surprise of 39.5%, on average.
The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%. It is estimated to report revenues of $22.93 billion, which suggests a decrease of approximately 7.2% from the year-ago quarter.
Snowflake SNOW is slated to report third-quarter fiscal 2024 results on Nov 29. The company has a Zacks Rank #2 and an Earnings ESP of +15.71% at present. Snowflake’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 244.5%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the year-ago quarter’s earnings of 11 cents. Snowflake’s quarterly revenues are estimated to grow 27.6% year over year to $710.5 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The New York Times Company (NYT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%. Click to get this free report The New York Times Company (NYT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report The New York Times Company (NYT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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Click to get this free report The New York Times Company (NYT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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Dell Technologies DELL sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%. Click to get this free report The New York Times Company (NYT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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0522abf6-dbd8-4c85-952e-21ec23275f2b
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725228.0
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2023-11-06 00:00:00 UTC
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Momentum Monday: Don't Miss the Year End Rally
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DELL
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https://www.nasdaq.com/articles/momentum-monday%3A-dont-miss-the-year-end-rally
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nan
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nan
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Want to start the week ahead of the pack? Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
Today, we will be taking a look at the broad stock market indexes to summarize the action of the last few weeks, then we will look at theeconomic calendarto address any market moving data coming our way. And finally, I will share three compelling technical trade setups in stocks with top Zacks Ranks.
Stocks Rally with a Vengeance
Last week, as stocks hovered at four-month lows, investors’ sentiment sagged along with it. But an incredible 6.5% four-day rally off the lows has set the record for strait about where this market wants to go.
Interest rates eased off the recent highs of 5%, unemployment rose slightly, and the Fed’s Jerome Powell delivered a more dovish speech than most had expected. This along with an extremely oversold market led to the conditions for a face-ripping short squeeze.
After such a powerful rally in such a short time I would not be surprised to see the market take a little break this week and trade sideways, but many factors are pointing to a year-end rally.
Image Source: TradingView
Economic Calendar
It is a relatively light week regarding economic data this week, with a number of Federal Reserve officials giving speeches and a conference in DC, and Jay Powell speaking at it on Wednesday.
Most notably, Initial Jobless claims will be reported on Thursday morning. I continue to use this weekly reading as a leading indicator on the economy and labor market, and we have begun to see it start trending higher, with now two prints in a row over 200,000. This week economists are expecting 221,000.
Also of note is the busy earnings week ahead. We will get reports from Gilead Sciences, Uber Technologies, Occidental Petroleum, Disney, and many others.
The Zacks Earnings Calendar is one of the best ways to get a rundown of stocks reporting.
Technical Setups
The three momentum trading setups we are looking at this week are Nvidia NVDA, Dell Technologies DELL, and AppLovin APP. All three have Zacks Rank #1 (Strong Buy) ratings and multiple other bullish catalysts.
Many of the stocks we have shared in past weeks have gone on to make major breakouts, so I recommend going back to other videos to understand how we analyze and trade these stocks.
Image Source: TradingView
Bottom Line
Even the best trading setups fail, so it is always important for traders to prioritize making a trading plane, following the plan, and utilizing strict risk management protocols.
Good luck this week traders!
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
AppLovin Corporation (APP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Technical Setups The three momentum trading setups we are looking at this week are Nvidia NVDA, Dell Technologies DELL, and AppLovin APP. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
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Technical Setups The three momentum trading setups we are looking at this week are Nvidia NVDA, Dell Technologies DELL, and AppLovin APP. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. Technical Setups The three momentum trading setups we are looking at this week are Nvidia NVDA, Dell Technologies DELL, and AppLovin APP. Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
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Technical Setups The three momentum trading setups we are looking at this week are Nvidia NVDA, Dell Technologies DELL, and AppLovin APP. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
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4a67af94-a0fb-435a-a3bc-dca9b4c437eb
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725229.0
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2023-11-06 00:00:00 UTC
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Best Growth Stocks to Buy for November 6th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-november-6th
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 6th:
NVIDIA NVDA: This company which is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
NVIDIA Corporation Price and Consensus
NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote
NVIDIA has a PEG ratio of 3.10 compared with 4.40 for the industry. The company possesses a Growth Score of A.
NVIDIA Corporation PEG Ratio (TTM)
NVIDIA Corporation peg-ratio-ttm | NVIDIA Corporation Quote
Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.2% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologies has a PEG ratio of 0.92 compared with 2.24 for the industry. The company possesses a Growth Score of A.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Barrett Business Services BBSI: This company which provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.7% over the last 60 days.
Barrett Business Services, Inc. Price and Consensus
Barrett Business Services, Inc. price-consensus-chart | Barrett Business Services, Inc. Quote
Barrett Business Services has a PEG ratio of 0.98 compared with 1.22 for the industry. The company possesses a Growth Score of A.
Barrett Business Services, Inc. PEG Ratio (TTM)
Barrett Business Services, Inc. peg-ratio-ttm | Barrett Business Services, Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Barrett Business Services BBSI: This company which provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.7% over the last 60 days. The company possesses a Growth Score of A. NVIDIA Corporation PEG Ratio (TTM) NVIDIA Corporation peg-ratio-ttm | NVIDIA Corporation Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.92 compared with 2.24 for the industry.
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The company possesses a Growth Score of A. NVIDIA Corporation PEG Ratio (TTM) NVIDIA Corporation peg-ratio-ttm | NVIDIA Corporation Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.2% over the last 60 days. The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Barrett Business Services BBSI: This company which provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.7% over the last 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Growth Score of A. NVIDIA Corporation PEG Ratio (TTM) NVIDIA Corporation peg-ratio-ttm | NVIDIA Corporation Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.2% over the last 60 days. The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Barrett Business Services BBSI: This company which provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.7% over the last 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Growth Score of A. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Barrett Business Services BBSI: This company which provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.7% over the last 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Growth Score of A. NVIDIA Corporation PEG Ratio (TTM) NVIDIA Corporation peg-ratio-ttm | NVIDIA Corporation Quote Dell Technologies DELL: This company which is a provider of information technology solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.2% over the last 60 days.
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9830abea-1978-4824-8e5f-8f636689a4ef
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725230.0
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2023-11-06 00:00:00 UTC
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Infosys (INFY) Unveils Its New Proximity Center in Bulgaria
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DELL
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https://www.nasdaq.com/articles/infosys-infy-unveils-its-new-proximity-center-in-bulgaria
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nan
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nan
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Infosys Limited INFY recently announced that it has set up a new proximity center in Sofia, Bulgaria, with the commitment to employ 500 local professionals over a span of four years. This strategic move serves to further expand INFY's presence within the European market.
The new facility will provide solutions that will leverage Infosys Cobalt and Topaz. It will also provide solutions across the cloud, artificial intelligence, automation, software engineering, data analytics, Internet of Things and 5G. Additionally, the new arrangement will enable Infosys to strengthen its capabilities across digital, analytical and systems, applications & products in data processing.
This project will help the company to counter the anti-outsourcing sentiments, a challenge that Infosys has been facing for a long time. Alongside hiring from a pool of local IT specialists, INFY will also be able to leverage Bulgaria’s robust IT infrastructure. With the new proximity center, it will be able to drive digital transformation throughout the European and Bulgarian clientele in various sectors that include retail, manufacturing and financial services.
Infosys Limited Price and Consensus
Infosys Limited. price-consensus-chart | Infosys Limited Quote
The newest proximity center comes as an extension of a long line of projects that Infosys has throughout Europe, which also includes deals like partnerships with Stark Group, Danske Bank, Keytrade Bank, ABN AMRO, smart Europe GmbH and ng-voice GmbH. In the second quarter of 2024, INFY signed eight large deals in Europe.
However, the company is facing a mixed bag of challenges. Its business is being affected by near-term uncertainties stemming from inflation and high interest rates. Slow decision-making processes, along with softness in digital transformation programs and discretionary spending in the current uncertain macroeconomic environment, are hurting the company’s volumes.
Considering the aforementioned factors, Infosys, during its last reported quarterly results, trimmed fiscal 2024 revenue growth guidance to 1-2.5% at constant currency from 1-3.5% projected earlier. However, the company continues to estimate an operating margin in the 20-22% range for the full fiscal.
Zacks Rank and Stocks to Consider
Currently, INFY carries a Zacks Rank #4 (Sell). Shares of the company have declined 7.4% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 10 cents northward to $3.34 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 28 cents to $10.74 in the past 60 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 208% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised upward by 8 cents to $1.65 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 55.2% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 2 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 72.8% year to date.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Noble Gas Inc. (INFY) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. Click to get this free report American Noble Gas Inc. (INFY) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days.
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Click to get this free report American Noble Gas Inc. (INFY) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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4043f8a4-38f6-4a32-9976-04c5c60bba77
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725231.0
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2023-11-06 00:00:00 UTC
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Gen Digital (GEN) to Report Q2 Earnings: What's in the Offing?
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DELL
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https://www.nasdaq.com/articles/gen-digital-gen-to-report-q2-earnings%3A-whats-in-the-offing
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nan
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nan
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Gen Digital GEN is slated to report second-quarter fiscal 2024 results on Nov 7. Gen Digital was formerly known as NortonLifeLock Inc. and was trading under the NLOK ticker symbol.
NortonLifeLock changed its name and ticker symbol, effective from Nov 8, 2022, following the completed merger of NortonLifeLock and Avast Plc. The newly named company unites trusted consumer safety brands, including Norton, Avast, LifeLock, AVG, Avira, CCleaner and ReputationDefender.
The company projects quarterly revenues between $940 million and $950 million. The Zacks Consensus Estimate for second-quarter revenues is pegged at $942.9 million, indicating a 26.1% improvement from the year-ago quarter’s figure of $748 million.
For the second quarter of fiscal 2024, Gen Digital expects non-GAAP earnings in the range of 46 cents-48 cents per share. The Zacks Consensus Estimate is pegged at 47 cents per share, a couple of cents higher than the year-ago reported figure of 45 cents.
The company’s earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters while matching on one occasion, the average surprise being 4.1%.
Let’s see how things have shaped up before this announcement.
Gen Digital Inc. Price and EPS Surprise
Gen Digital Inc. price-eps-surprise | Gen Digital Inc. Quote
Factors to Note
Gen Digital’s second-quarter top line is likely to have been primarily driven by the inclusion of the Avast business, which has significantly increased the combined company’s Average Direct Customer count. Our second-quarter estimate for this key metric is pegged at 38.2 million.
Moreover, the expansion of product offerings following the merger of NortonLifeLock and Avast is likely to have facilitated the newly formed company to cross-sell products to each other’s customers, thereby aiding Average Revenue Per User (“ARPU”) growth. Gen Digital’s ARPU increased by 28 cents to $7.26 in the first quarter of fiscal 2024 from $6.98 in the year-ago quarter.
We anticipate the trend is likely to have continued in the to-be-reported quarter. Our second-quarter fiscal 2024 estimate for ARPU is pegged at $7.20, which is 11 cents higher than the second-quarter fiscal 2023 level.
GEN’s second-quarter performance is also likely to have benefited from the increased demand for cybersecurity and ID analytics solutions amid the hybrid work environment. Over the past couple of years, as more people are shifting online, the need for online privacy has been rising. Global workforces working remotely are logging into employers' networks, escalating the need for digital security. This trend is likely to have spurred the demand for Gen Digital’s security products in the fiscal second quarter.
Our second-quarter estimate for Gen Digital’s Consumer Security segment’s revenues is pegged at $583.5 million, indicating a year-over-year increase of 33.8%. Our estimate of $338.6 million for the Identity and Information Protection division implies growth of 13.6% from the year-ago quarter.
An expansion in the EMEA, Asia Pacific and Latin American regions is also likely to have been an upside for GEN this season. Further, the growing number of client bookings, supported by their retention and renewal rates, is anticipated to have contributed to the company’s fiscal second-quarter top line. At the end of the first quarter of fiscal 2024, Gen Digital’s client retention rate was 76%, while bookings grew 34% on a year-over-year basis.
The Norton and Avast antivirus maker’s sustained focus on growing partner channels and employee benefit programs is likely to have driven its performance in the quarter to be reported. Our estimate for the company’s Partner revenues is pegged at $96.1 million, which calls for a 29.8% increase from the year-ago quarter. Additionally, Direct Customer revenues are expected to increase 25.2% year over year to $826.1 million, per our estimate.
However, GEN’s overall second-quarter performance is likely to have been negatively impacted by unfavorable foreign exchange rates. In the last reported financial results for the first quarter of fiscal 2024, foreign currency headwinds negatively impacted non-GAAP EPS by 2 cents.
Additionally, increased interest expenses due to enhanced debt related to Avast acquisition financing are likely to have weighed on the bottom line. Moreover, the company’s earnings per share are expected to have been negatively impacted by the equity dilution impact of the Avast acquisition. To finance the acquisition of Avast, Gen Digital issued 94 million new shares.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Gen Digital this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Though GEN currently carries a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases.
Synopsys sports a Zacks Rank #1 and has an Earnings ESP of +0.94%. The company is scheduled to report fourth-quarter fiscal 2023 results on Nov 29. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 4.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ fourth-quarter earnings is pegged at $3.04 per share, indicating a year-over-year increase of 59.2%. The consensus mark for revenues stands at $1.58 billion, suggesting a year-over-year surge of 23.3%.
Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The company is scheduled to report third-quarter fiscal 2024 results on Nov 30. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 39.5%.
The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%. It is estimated to report revenues of $22.93 billion, which suggests a decrease of approximately 7.2% from the year-ago quarter.
Snowflake is slated to report third-quarter fiscal 2024 results on Nov 29. The company has a Zacks Rank #2 and an Earnings ESP of +15.71% at present. Snowflake’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 244.5%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the year-ago quarter’s earnings of 11 cents. Snowflake’s quarterly revenues are estimated to grow 27.6% year over year to $710.5 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
Gen Digital Inc. (GEN) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Gen Digital Inc. (GEN) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Gen Digital Inc. (GEN) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%.
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Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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0a0ad334-ffea-4389-aa81-41f2fc4da0cf
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725232.0
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2023-11-06 00:00:00 UTC
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Is a Beat Likely for Upstart Holdings (UPST) in Q3 Earnings?
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DELL
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https://www.nasdaq.com/articles/is-a-beat-likely-for-upstart-holdings-upst-in-q3-earnings
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nan
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nan
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Upstart Holdings UPST is likely to beat expectations when it reports third-quarter 2023 results after market close on Nov 7.
For the third quarter, the company expects revenues of approximately $140 million. The Zacks Consensus Estimate is currently pegged at $139.7 million, suggesting a decline of 11.2% year over year.
The consensus mark is pegged at a loss of 2 cents per share, suggesting a significant improvement from the year-ago quarter’s loss of 24 cents.
UPST’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 11.9%.
Let’s see how things have shaped up for the upcoming announcement.
Upstart Holdings, Inc. Price and EPS Surprise
Upstart Holdings, Inc. price-eps-surprise | Upstart Holdings, Inc. Quote
Factors to Consider
Degradation in the macro environment, conservative assumption for Upstart Macro Index in loan pricing, seasonal headwinds and tightening from funding partners are expected to have hurt the top line in the quarter under discussion. The Zacks Consensus Estimate for third-quarter revenues from fees is pegged at $150 million, indicating a 28.6% decline from the year-ago quarter.
Consumer delinquencies are elevated, and funding markets remain limited in their appetite for risk. This is expected to have increased loan pricing in the company’s platform and lowered approval rates for loan applicants, thus reducing transaction volume and affecting the top line.
However, Upstart’s third-quarter results are likely to gain from its strategy to operate as a multiproduct company. Recent launches across its product portfolio powered by generative AI and machine learning may have favored UPST’s performance in the to-be-reported quarter.
Moreover, the company is expected to have gained from a growing partner base in the third quarter. It is engaged with multiple prospective partners who are actively exploring long-term capital relationships.
Earnings Whispers
Our proven model predicts an earnings beat for Upstart this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +9.09%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: UPST sports a Zacks Rank #1.
Other Stocks With the Favorable Combination
Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW also have the right combination of elements to post an earnings beat in their upcoming releases.
Synopsys sports a Zacks Rank #1 and has an Earnings ESP of +0.94%. The company is scheduled to report fourth-quarter fiscal 2023 results on Nov 29. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 4.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ fourth-quarter earnings is pegged at $3.04 per share, indicating a year-over-year increase of 59.2%. The consensus mark for revenues stands at $1.58 billion, suggesting a year-over-year surge of 23.3%.
Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The company is scheduled to report third-quarter fiscal 2024 results on Nov 30. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 39.5%.
The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%. It is estimated to report revenues of $22.93 billion, which suggests a decrease of approximately 7.2% from the year-ago quarter.
Snowflake is slated to report third-quarter fiscal 2024 results on Nov 29. The company has a Zacks Rank #2 and an Earnings ESP of +15.71% at present. Snowflake’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 244.5%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the year-ago quarter’s earnings of 11 cents. Snowflake’s quarterly revenues are estimated to grow 27.6% year over year to $710.5 million.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW also have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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Other Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW also have the right combination of elements to post an earnings beat in their upcoming releases. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW also have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%.
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Other Stocks With the Favorable Combination Per our model, Synopsys SNPS, Dell Technologies DELL and Snowflake SNOW also have the right combination of elements to post an earnings beat in their upcoming releases. Dell sports a Zacks Rank #1 and has an Earnings ESP of +1.14%. The Zacks Consensus Estimate for Dell’s third-quarter earnings stands at $1.47 per share, indicating a year-over-year decline of 36.1%.
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9e5440a4-b922-487e-962b-73b4006d1e67
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725233.0
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2023-11-06 00:00:00 UTC
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Is iShares MSCI USA Equal Weighted ETF (EUSA) a Strong ETF Right Now?
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DELL
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https://www.nasdaq.com/articles/is-ishares-msci-usa-equal-weighted-etf-eusa-a-strong-etf-right-now-10
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nan
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nan
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The iShares MSCI USA Equal Weighted ETF (EUSA) made its debut on 05/05/2010, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - All Cap Blend category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Blackrock. EUSA has been able to amass assets over $501.57 million, making it one of the average sized ETFs in the Style Box - All Cap Blend. This particular fund, before fees and expenses, seeks to match the performance of the MSCI USA Equal Weighted Index.
The MSCI USA Equal Weighted Index represents the MSCI USA Index, measures the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Operating expenses on an annual basis are 0.09% for this ETF, which makes it one of the least expensive products in the space.
The fund has a 12-month trailing dividend yield of 1.59%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector - about 16.20% of the portfolio. Financials and Industrials round out the top three.
Taking into account individual holdings, Splunk Inc (SPLK) accounts for about 0.25% of the fund's total assets, followed by Jabil Inc (JBL) and Dell Technologies Inc Class C (DELL).
EUSA's top 10 holdings account for about 2.03% of its total assets under management.
Performance and Risk
The ETF return is roughly 4.17% so far this year and was up about 8.05% in the last one year (as of 11/06/2023). In the past 52-week period, it has traded between $70.68 and $82.03.
The fund has a beta of 1.09 and standard deviation of 18.37% for the trailing three-year period, which makes EUSA a medium risk choice in this particular space. With about 632 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares MSCI USA Equal Weighted ETF is a reasonable option for investors seeking to outperform the Style Box - All Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index. IShares Core S&P Total U.S. Stock Market ETF has $43.78 billion in assets, Vanguard Total Stock Market ETF has $305.07 billion. ITOT has an expense ratio of 0.03% and VTI charges 0.03%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - All Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Jabil, Inc. (JBL) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
Vanguard Total Stock Market ETF (VTI): ETF Research Reports
iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking into account individual holdings, Splunk Inc (SPLK) accounts for about 0.25% of the fund's total assets, followed by Jabil Inc (JBL) and Dell Technologies Inc Class C (DELL). Click to get this free report iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. The iShares MSCI USA Equal Weighted ETF (EUSA) made its debut on 05/05/2010, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - All Cap Blend category of the market.
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Click to get this free report iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Splunk Inc (SPLK) accounts for about 0.25% of the fund's total assets, followed by Jabil Inc (JBL) and Dell Technologies Inc Class C (DELL). IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index.
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Click to get this free report iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Splunk Inc (SPLK) accounts for about 0.25% of the fund's total assets, followed by Jabil Inc (JBL) and Dell Technologies Inc Class C (DELL). IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index.
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Taking into account individual holdings, Splunk Inc (SPLK) accounts for about 0.25% of the fund's total assets, followed by Jabil Inc (JBL) and Dell Technologies Inc Class C (DELL). Click to get this free report iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. The iShares MSCI USA Equal Weighted ETF (EUSA) made its debut on 05/05/2010, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - All Cap Blend category of the market.
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39f033ae-daf3-4d6f-a859-f6338e68a049
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725234.0
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2023-11-03 00:00:00 UTC
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Atlassian's (TEAM) Q1 Earnings and Revenues Beat Estimates
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DELL
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https://www.nasdaq.com/articles/atlassians-team-q1-earnings-and-revenues-beat-estimates
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nan
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nan
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Atlassian TEAM reported stronger-than-expected first-quarter fiscal 2024 results. Its first-quarter fiscal 2024 non-GAAP earnings per share of 65 cents beat the Zacks Consensus Estimate of 53 cents. The figure increased 80.5% from the year-ago quarter’s non-GAAP earnings of 36 cents per share, mainly driven by double-digit year-over-year growth across segments like Cloud, Data Center and Server.
Atlassian’s first-quarter revenues jumped 24% to $977.8 million and surpassed the consensus mark of $959 million. The top line was primarily driven by growth in Subscription revenues, stronger renewals, migrations and paid seat expansion.
Quarterly Details
Segment-wise, Subscription revenues jumped 31% year over year to $852 million. Due to the ongoing shift toward cloud, the increasing number of customers coupled with higher prices on some products boosted the company's quarterly revenues. Our estimate for Subscription revenues was pegged at $840.3 million.
Atlassian Corporation PLC Price, Consensus and EPS Surprise
Atlassian Corporation PLC price-consensus-eps-surprise-chart | Atlassian Corporation PLC Quote
Sales from the Maintenance business decreased 30.7% year over year to $78.6 million. The decline was primarily due to the company’s planned end of providing maintenance and support for its Server offerings, beginning in February 2024. Our estimate for Maintenance revenues was pegged at $61.2 million.
Atlassian’s Other revenues (including perpetual license revenues) increased 10.2% year over year to $47.2 million. Our estimate for Other revenues was pegged at $52.4 million.
During the first quarter, Cloud revenues were $604.6 million, representing 27.3% year-over-year growth. Meanwhile, revenues from the Data Center rose 42% to $243 million. Marketplace and services revenues were $51.4 million, reflecting an 8.7% year-over-year surge. However, revenues from Server declined 30.8% to $78.8 million.
Our revenue estimates for the Cloud, Data Center, Marketplace and Services and Server businesses were pegged at $600.7 million, $222 million, $75.2 million and $56 million, respectively.
Atlassian added more than 2,663 net new customers, bringing the total count to over 265,000 customers on an active subscription or maintenance agreement basis in the reported quarter. A large number of customers are opting for cloud offerings amid the ongoing cloud migration. Such new additions and increased pricing on certain products contributed to the company’s quarterly revenues.
The company’s non-GAAP gross profit climbed 20.2% year over year to $822.3 million. The non-GAAP gross margin contracted 70 basis points to 84.1% during the quarter. The decrease primarily resulted from investments aimed at meeting the increasing demand for Atlassian’s Cloud services and the ongoing shift in revenue composition toward cloud-based offerings.
TEAM’s non-GAAP operating income increased 52.1% year over year to $224.9 million, while its non-GAAP operating margin increased to 23% from 18.3% in the year-ago quarter. The operating income is benefiting from the company’s focus on cost management.
Balance Sheet
The company ended the first quarter of fiscal 2024 with cash and cash equivalents and short-term investments of $2.24 billion, up from $2.11 billion at the end of the previous quarter.
In the fiscal first quarter, TEAM generated operating and free cash flows of $167 million and $163.3 million, respectively.
Guidance
Atlassian reiterated its guidance for non-GAAP gross margin while raising it for non-GAAP operating margin for fiscal 2024. The company still projects non-GAAP gross margin to be approximately 83.5%. It now forecasts non-GAAP operating margin to be approximately 20% compared with the previous guidance of 18.5%.
The company provided guidance for the second quarter. For the second quarter of fiscal 2024, the company anticipates revenues between $1.01 billion and $1.03 billion. The Zacks Consensus Estimate is pegged at 1.01 billion.
The non-GAAP gross margin for the second quarter is estimated to be approximately 83.5%. The non-GAAP operating margin is anticipated to be approximately 21% in the third quarter.
Zacks Rank and Stocks to Consider
Currently, SABR carries a Zacks Rank #3 (Hold). Shares of the company have declined 33% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 10 cents northward to $3.34 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 28 cents to $10.74 in the past 60 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 197.5% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised upward by 8 cents to $1.65 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 51.1% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 2 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 70.7% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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725235.0
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2023-11-03 00:00:00 UTC
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How to Find Strong Computer and Technology Stocks Slated for Positive Earnings Surprises
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DELL
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https://www.nasdaq.com/articles/how-to-find-strong-computer-and-technology-stocks-slated-for-positive-earnings-13
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Dell Technologies?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Dell Technologies (DELL) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just 27 days from its upcoming earnings release on November 30, 2023.
Dell Technologies' Earnings ESP sits at +1.14%, which, as explained above, is calculated by taking the percentage difference between the $1.49 Most Accurate Estimate and the Zacks Consensus Estimate of $1.47. DELL is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DELL is part of a big group of Computer and Technology stocks that boast a positive ESP, and investors may want to take a look at Intel (INTC) as well.
Intel is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on January 25, 2024. INTC's Most Accurate Estimate sits at $0.45 a share 83 days from its next earnings release.
The Zacks Consensus Estimate for Intel is $0.42, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +6.12%.
DELL and INTC's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DELL is part of a big group of Computer and Technology stocks that boast a positive ESP, and investors may want to take a look at Intel (INTC) as well. Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just 27 days from its upcoming earnings release on November 30, 2023.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report To read this article on Zacks.com click here. Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just 27 days from its upcoming earnings release on November 30, 2023.
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Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just 27 days from its upcoming earnings release on November 30, 2023. Dell Technologies' Earnings ESP sits at +1.14%, which, as explained above, is calculated by taking the percentage difference between the $1.49 Most Accurate Estimate and the Zacks Consensus Estimate of $1.47.
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Dell Technologies (DELL) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at $1.49 a share, just 27 days from its upcoming earnings release on November 30, 2023. DELL and INTC's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon. Should You Consider Dell Technologies?
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2023-11-03 00:00:00 UTC
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Dell Technologies and Thermo Fisher Scientific have been highlighted as Zacks Bull and Bear of the Day
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DELL
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https://www.nasdaq.com/articles/dell-technologies-and-thermo-fisher-scientific-have-been-highlighted-as-zacks-bull-and
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For Immediate Release
Chicago, IL – November 3, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Thermo Fisher Scientific TMO as the Bear of the Day. In addition, Zacks Equity Research provides analysis on American Woodmark AMWD, Amazon.com AMZN and BuildABear Workshop BBW.
Here is a synopsis of all five stocks:
Bull of the Day:
Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. The company's segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
Analysts have raised their expectations among all timeframes, with the revisions trends particularly notable for its current and next fiscal years.
In addition, the company resides within the Zacks Computers – IT Services industry, which is currently ranked in the top 22% of all Zacks industries. Roughly half of a stock's movement can be attributed to its group, helping to clarify the importance of targeting industries with favorable current standings.
Outside of its favorable industry standing and improved earnings outlooks, let's take a closer look at a few other company characteristics.
Dell Technologies
Since touching their 2023 low in mid-March, DELL shares have been on a tear, adding more than 90% in value and widely outperforming relative to the general market. Shares have been boosted by better-than-expected results post-earnings in back-to-back releases.
Regarding the most recent release, Dell Technologies posted a sizable 53% EPS beat relative to the Zacks Consensus Estimate, with revenue also positively surprising by more than 10%. Below is a chart illustrating the company's revenue on a quarterly basis.
For those seeking income while simultaneously getting exposure to the technology sector, DELL shares provide precisely that. Currently, shares yield a solid 2.2% annually paired with a sustainable payout ratio sitting at 24% of the company's earnings.
The company is expected to reveal its next quarterly release on November 30th. Currently, the Zacks Consensus EPS Estimate of $1.47 suggests a 35% pullback from the year-ago period, with the estimate up more than 8% since mid-August.
In addition, our consensus revenue estimate for the upcoming release stands at $22.9 billion, representing a decrease of 7% from the same period last year. The consensus estimate has moved 7% higher since mid-August, again reflecting optimism among analysts.
Bottom Line
Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
Dell Technologies would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy).
Bear of the Day:
Thermo Fisher Scientific is a scientific instrument maker and a world leader in serving science. The company has three segments: Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics.
Analysts have slashed their earnings expectations across the board, landing the stock into an unfavorable Zacks Rank #5 (Strong Sell).
Let's take a closer look at how the company currently stacks up.
Thermo Fisher Scientific
It's been a bumpy road for TMO shares year-to-date, down nearly 19% and unable to establish consistent strength. As we can see by the arrows circled below, shares have faced adverse reactions post-earnings in several instances throughout 2023.
In its latest release, the company beat the Zacks Consensus EPS Estimate by 2% and posted a fractional revenue surprise. Earnings saw growth of 12% year-over-year, whereas revenue declined by roughly 1% from the year-ago period.
In addition, Thermo Fisher lowered its FY23 guidance following the results, citing a challenging macroeconomic environment. The company now expects FY23 sales to be $42.7 billion and adjusted EPS of $21.50.
It's worth noting that Thermo Fisher had already lowered FY23 guidance back in July, further reflected by share performance over the last several months.
The company has gone a long way in growing its dividend payout, carrying a sizable 16.5% five-year annualized dividend growth rate and reflecting its shareholder-friendly nature. TMO's payout ratio sits at just 7% of its earnings.
Bottom Line
Recent guidance cuts due to a challenging macroeconomic environment paint a challenging picture for the company's shares in the near term.
Thermo Fisher Scientific is a Zacks Rank #5 (Strong Sell), indicating that analysts have taken a bearish stance on the company's earnings outlook.
Additional content:
Wall Street Turning Around in the Final Months of 2023?
Major indexes in the United States registered their worst performance in five years last month and posted the third successive monthly loss, marking the longest losing streak since March 2020. Tension in the Middle East and high Treasury yields damaged the appeal of riskier assets like stocks.
However, amid the gloom, market pundits expect the stock market to bounce back in the final months of this year. This is because stocks, traditionally, have seen strong performance in the final three months of any year. Lest we forget, investors traditionally sell stocks in May only and return at the end of September or October to make most of the year-end upward wave.
Carson Group's Ryan Detrick added that by analyzing FactSet data, he found out that the broader S&P 500 Index historically gained in November after falling in August, September and October.
Moreover, stocks have already indicated that they have reached the bottom and are now poised to scale northward. For instance, the S&P 500, after falling into the correction territory last week, has recovered some ground so far this week.
In reality, U.S. stocks finished higher during the first day of trading in November, thanks to the Federal Reserve keeping interest rates unchanged in its latest policy meeting. As widely anticipated, the central bank kept the interest rates in the range of 5.25% to 5.5%.
Fed Chairman Jerome Powell also reassured that there is a growing possibility that the rate-hiking cycle is over since the slew of interest rate hikes for quite some time now has put downward pressure on inflation. Needless to say, the Fed's decision to hold rates steady boosted the stock market since rate hikes hamper economic growth, curtail consumer outlays, and increase the cost of borrowing.
Meanwhile, the U.S. economy remains in sound shape, and that may help stocks gain traction soon. The third-quarter GDP expanded at an annualized rate of 4.9%, the fastest growth in nearly two years, per the U.S. Bureau of Economic Analysis. An uptick in consumer spending helped the economy to accelerate.
Thus, with things looking up for the economy vis-a-vis the stock market, it's prudent for investors to place bets on stocks that are positioned to scale upward. These stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Growth Score of A or B, a combination that offers the best opportunities in the growth investing space. You can see the complete list of today's Zacks Rank #1 stocks here.
American Woodmark is the third-largest manufacturer of kitchen and bath cabinets. American Woodmark, currently, has a Zacks Rank #1 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 18.3% over the past 60 days. AMWD's expected earnings growth rate for the current year is 4.9%.
Amazon.com is one of the largest e-commerce providers. Amazon, currently, has a Zacks Rank #2 and a Growth Score of B.
The Zacks Consensus Estimate for its current-year earnings has moved up 18.4% over the past 60 days. AMZN's expected earnings growth rate for the current year is 271.8%.
BuildABear Workshop is the leading and only national company providing a make-your-own stuffed animal interactive retail entertainment experience. BuildABear Workshop, currently, has a Zacks Rank #1 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 2.3% over the past 60 days. BBW's expected earnings growth rate for the current year is 16.9%.
Why Haven't You Looked at Zacks' Top Stocks?
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
American Woodmark Corporation (AMWD) : Free Stock Analysis Report
Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – November 3, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Thermo Fisher Scientific TMO as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. The company's segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report American Woodmark Corporation (AMWD) : Free Stock Analysis Report Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 3, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Thermo Fisher Scientific TMO as the Bear of the Day.
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Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report American Woodmark Corporation (AMWD) : Free Stock Analysis Report Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 3, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Thermo Fisher Scientific TMO as the Bear of the Day.
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For Immediate Release Chicago, IL – November 3, 2023 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and Thermo Fisher Scientific TMO as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. The company's segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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2023-11-03 00:00:00 UTC
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Sabre (SABR) Stock Rises on Q3 Earnings and Revenue Beat
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DELL
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https://www.nasdaq.com/articles/sabre-sabr-stock-rises-on-q3-earnings-and-revenue-beat
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nan
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Sabre Corporation SABR shares gained 18.3% in Thursday’s extended trading session after the travel technology company reported better-than-expected third-quarter results.
The company reported an adjusted loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a loss of 7 cents. Also, the figure was narrower than the year-ago quarter’s loss of 25 cents per share.
Sabre reported revenues of $740 million for the third quarter, surpassing the consensus mark of $731.5 million. The top line came in 11.6% higher than $663.4 million in the year-ago period.
Sabre Corporation Price, Consensus and EPS Surprise
Sabre Corporation price-consensus-eps-surprise-chart | Sabre Corporation Quote
This year-over-year surge in the top line reflects a significant improvement in global air, hotel and other travel bookings. Additionally, the company's Travel Solutions division benefited from favorable rates as international and corporate bookings continued to improve.
Quarter in Detail
The Travel Solutions segment’s revenues increased 11% year over year to $672 million, primarily driven by an increase in global air and other travel bookings. Our model estimates for Travel Solutions revenues were pegged at $647.2 million, which indicated 7.2% year-over-year growth. The segment’s revenues also benefited from favorable rate impacts as international and corporate bookings improved.
Distribution’s (a sub-division of Travel Solutions) revenues improved to $524.8 million from $430.8 million in the third quarter of 2022. This was chiefly driven by the gradual recovery of bookings and an increase in average booking fees due to a shift in the booking mix.
IT Solutions’ (a sub-division of Travel Solutions) revenues were $147 million, down 14.9% from the year-ago quarter’s $172.8 million. The decrease in performance was due to reduced revenues attributed to de-migrations, owing to the repercussions of changes in Russian legislation, along with a 1% decline in the number of passengers boarded.
The Hospitality Solutions segment’s revenues totaled $78.6 million compared with the year-ago quarter’s $67.5 million. This upside was mainly fueled by a 7% increase in central reservation system transactions and a 9% increase in per transaction rate. Our model estimates for Hospitality Solutions revenues were pegged at $81.2 million, which indicated 20.3% year-over-year growth.
Sabre reported an adjusted operating income of $83.6 million, significantly improving from the operating income of $0.7 million posted in the year-earlier period. Adjusted EBITDA improved from $34.3 million reported a year ago to $110.2 million. This improvement was driven by an increase in revenues.
Balance Sheet and Cash Flow
Sabre exited the September-end quarter with cash, cash equivalents and restricted cash of $622.6 million compared with the previous quarter’s $803.7 million.
In the third quarter, Sabre generated an operating cash flow of $59.4 million. The company’s free cash flow was $39 million during the reported quarter.
Zacks Rank and Stocks to Consider
Currently, SABR carries a Zacks Rank #3 (Hold). Shares of the company have declined 33% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 10 cents northward to $3.34 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 28 cents to $10.74 in the past 60 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 197.5% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised upward by 8 cents to $1.65 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 51.1% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 2 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 70.7% year to date.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Sabre Corporation (SABR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Sabre Corporation (SABR) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Sabre Corporation (SABR) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by a penny to $1.47 per share in the past 30 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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ab9f1a57-b8d3-4485-a6c3-1ca3966643be
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725238.0
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2023-11-03 00:00:00 UTC
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Bull of the Day: Dell Technologies (DELL)
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DELL
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https://www.nasdaq.com/articles/bull-of-the-day%3A-dell-technologies-dell-1
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nan
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nan
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Dell Technologies DELL, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. The company’s segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
Analysts have raised their expectations among all timeframes, with the revisions trends particularly notable for its current and next fiscal years.
Image Source: Zacks Investment Research
In addition, the company resides within the Zacks Computers – IT Services industry, which is currently ranked in the top 22% of all Zacks industries. Roughly half of a stock’s movement can be attributed to its group, helping to clarify the importance of targeting industries with favorable current standings.
Outside of its favorable industry standing and improved earnings outlooks, let’s take a closer look at a few other company characteristics.
Dell Technologies
Since touching their 2023 low in mid-March, DELL shares have been on a tear, adding more than 90% in value and widely outperforming relative to the general market. Shares have been boosted by better-than-expected results post-earnings in back-to-back releases.
Image Source: Zacks Investment Research
Regarding the most recent release, Dell Technologies posted a sizable 53% EPS beat relative to the Zacks Consensus Estimate, with revenue also positively surprising by more than 10%. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
For those seeking income while simultaneously getting exposure to the technology sector, DELL shares provide precisely that. Currently, shares yield a solid 2.2% annually paired with a sustainable payout ratio sitting at 24% of the company’s earnings.
The company is expected to reveal its next quarterly release on November 30th. Currently, the Zacks Consensus EPS Estimate of $1.47 suggests a 35% pullback from the year-ago period, with the estimate up more than 8% since mid-August.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate for the upcoming release stands at $22.9 billion, representing a decrease of 7% from the same period last year. The consensus estimate has moved 7% higher since mid-August, again reflecting optimism among analysts.
Bottom Line
Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
Dell Technologies DELL would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy).
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research For those seeking income while simultaneously getting exposure to the technology sector, DELL shares provide precisely that. Dell Technologies DELL, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. The company’s segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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Dell Technologies DELL, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Image Source: Zacks Investment Research Regarding the most recent release, Dell Technologies posted a sizable 53% EPS beat relative to the Zacks Consensus Estimate, with revenue also positively surprising by more than 10%. The company’s segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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Dell Technologies DELL, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Image Source: Zacks Investment Research Regarding the most recent release, Dell Technologies posted a sizable 53% EPS beat relative to the Zacks Consensus Estimate, with revenue also positively surprising by more than 10%. The company’s segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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Image Source: Zacks Investment Research Regarding the most recent release, Dell Technologies posted a sizable 53% EPS beat relative to the Zacks Consensus Estimate, with revenue also positively surprising by more than 10%. Dell Technologies DELL would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy). Dell Technologies DELL, a current Zacks Rank #1 (Strong Buy), provides information technology solutions.
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ff5deedd-847c-42c7-a745-31b82afb7ae2
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725239.0
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2023-11-02 00:00:00 UTC
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Why Dell Technologies (DELL) is Poised to Beat Earnings Estimates Again
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DELL
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https://www.nasdaq.com/articles/why-dell-technologies-dell-is-poised-to-beat-earnings-estimates-again
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nan
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nan
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Dell Technologies (DELL), which belongs to the Zacks Computers - IT Services industry, could be a great candidate to consider.
When looking at the last two reports, this computer and technology services provider has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 52.28%, on average, in the last two quarters.
For the most recent quarter, Dell Technologies was expected to post earnings of $1.13 per share, but it reported $1.74 per share instead, representing a surprise of 53.98%. For the previous quarter, the consensus estimate was $0.87 per share, while it actually produced $1.31 per share, a surprise of 50.57%.
For Dell Technologies, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Dell Technologies currently has an Earnings ESP of +1.14%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on November 30, 2023.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL), which belongs to the Zacks Computers - IT Services industry, could be a great candidate to consider. For the most recent quarter, Dell Technologies was expected to post earnings of $1.13 per share, but it reported $1.74 per share instead, representing a surprise of 53.98%. For Dell Technologies, estimates have been trending higher, thanks in part to this earnings surprise history.
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Dell Technologies (DELL), which belongs to the Zacks Computers - IT Services industry, could be a great candidate to consider. For the most recent quarter, Dell Technologies was expected to post earnings of $1.13 per share, but it reported $1.74 per share instead, representing a surprise of 53.98%. For Dell Technologies, estimates have been trending higher, thanks in part to this earnings surprise history.
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Dell Technologies (DELL), which belongs to the Zacks Computers - IT Services industry, could be a great candidate to consider. For the most recent quarter, Dell Technologies was expected to post earnings of $1.13 per share, but it reported $1.74 per share instead, representing a surprise of 53.98%. For Dell Technologies, estimates have been trending higher, thanks in part to this earnings surprise history.
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Dell Technologies (DELL), which belongs to the Zacks Computers - IT Services industry, could be a great candidate to consider. For the most recent quarter, Dell Technologies was expected to post earnings of $1.13 per share, but it reported $1.74 per share instead, representing a surprise of 53.98%. For Dell Technologies, estimates have been trending higher, thanks in part to this earnings surprise history.
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605ea4b6-bd59-420f-bb3b-d7903384e5fe
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725240.0
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2023-11-02 00:00:00 UTC
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Tyler Technologies (TYL) Q3 Earnings Beat, Revenues Miss
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DELL
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https://www.nasdaq.com/articles/tyler-technologies-tyl-q3-earnings-beat-revenues-miss
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nan
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nan
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Tyler Technologies TYL reported third-quarter 2023 non-GAAP earnings of $2.14 per share, which beat the Zacks Consensus Estimate of $1.97. The bottom line was higher than the year-ago quarter’s earnings of $2.06 per share.
Non-GAAP revenues increased 4.54% year over year to $494.7 million. However, the top line missed the Zacks Consensus Estimate of $495.5 million.
The robust year-over-year top-line growth was primarily driven by a rise in subscription revenues. During the third quarter, software subscription arrangements comprised approximately 80% of the total new software contract value as the company continued to transform into a software-as-a-service model from its on-premise license-based model.
Tyler Technologies, Inc. Price, Consensus and EPS Surprise
Tyler Technologies, Inc. price-consensus-eps-surprise-chart | Tyler Technologies, Inc. Quote
Quarterly Details
Tyler’s recurring revenues from maintenance and subscriptions increased 11% year over year to $412.7 million and accounted for 83.4% of the total quarterly revenues.
TYL reported annualized recurring revenues on a non-GAAP basis of $1.65 billion, up 11% year over year.
Segment-wise, Maintenance revenues (accounting for 23.7% of total revenues) were $117.5 million, slightly up from $117.3 million in the year-ago quarter. Our model estimates for Maintenance revenues were pegged at $115.4 million.
Subscription revenues (59.6% of total revenues) grew 16.1% year over year to $295.2 million, while our model estimates for the same was $291.9 million. On an organic basis, Subscription revenues soared 14.7% year over year.
Software licenses and royalties (2.1% of total revenues) of $10.5 million decreased 47.9% on a year-over-year basis. Our model predicted Software licenses and royalties sales to decline 40.1% to $12.1 million.
Professional Services revenues (12.3% of total revenues) amounted to $61.1 million, down 17.5% from the year-ago quarter. Our model estimates for the same were pegged at $65.2 million.
Hardware and other revenues (2.1% of total revenues) climbed 9.7% from the year-ago quarter to $10.3 million. Our model estimates for Hardware and other revenues were pegged at $9.7 million.
The backlog at the quarter-end was $1.95 billion, up 2.5% year over year.
Bookings increased 8.6% year over year at $542 million. Moreover, in the trailing 12 months, bookings increased 2.8% year over year to $1.99 billion.
Operating Details
Tyler’s non-GAAP gross profit increased 6.9% year over year to $241 million. Non-GAAP gross margin expanded 110 basis points (bps) to 48.7%.
Adjusted EBITDA increased 4.4% year over year to $132.5 million.
Non-GAAP operating income for the quarter totaled $122.5 million and went up 3.9% year over year. However, the non-GAAP operating margin contracted 10 bps to 24.8%.
Balance Sheet & Other Details
As of Sep 30, 2023, Tyler’s cash and cash equivalents were $131.4 million compared with $118.7 million as of Jun 30, 2023.
The company generated an operating cash flow of $177.5 million in the third quarter and $233 million in the first nine months of 2023. During the third quarter, it generated a free cash flow of $162.7 million. With its robust free cash flow, TYL is focusing on reducing debt. In the third quarter of 2023, Tyler reduced its term debt by $135 million.
Guidance
For 2023, Tyler expects GAAP and non-GAAP revenues in the range of $1.942-$1.962 billion. TYL forecasts adjusted earnings guidance in the range of $7.66-$7.80 per share.
Zacks Rank and Stocks to Consider
Currently, TYL carries a Zacks Rank #3 (Hold). Shares of the company have returned 15% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by a penny northward to $2.10 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 189.6% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised downward by a penny to $1.56 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 35 cents to $6.54 per share in the past 90 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 49.2% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised downward by 2 cents to $1.10 per share in the past 7 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 70.7% year to date.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised downward by 2 cents to $1.10 per share in the past 7 days. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised downward by 2 cents to $1.10 per share in the past 7 days.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised downward by 2 cents to $1.10 per share in the past 7 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised downward by 2 cents to $1.10 per share in the past 7 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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c979dbc2-4c5e-4f7f-962f-16233d8451eb
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725241.0
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2023-11-01 00:00:00 UTC
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Apple's (AAPL) Q4 Earnings to Suffer from Weak Mac & iPad Sales
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DELL
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https://www.nasdaq.com/articles/apples-aapl-q4-earnings-to-suffer-from-weak-mac-ipad-sales
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nan
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nan
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Apple’s AAPL fourth-quarter fiscal 2023 results, to be reported on Nov 2, are expected to reflect the impacts of the sluggishness in the Mac and iPad shipments, as well as slowing momentum in the Services business.
Apple expects revenues for both Mac and iPad to decline double digits on a year-over-year basis in the to-be-reported quarter.
Our model estimates for fiscal fourth-quarter Mac and iPad revenues are pegged at $7.88 billion and $5.82 billion, indicating 31.5% and 18.8% year-over-year decline, respectively.
We estimate Mac and iPad shipments of roughly 6 million and 14.3 million, respectively.
Mac revenues are expected to have suffered from weak PC demand. Per Gartner’s latest report, 64.279 million PCs were shipped in the third quarter (September-end) of 2023, down 9% from the year-ago period.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
Shipments from Apple, Lenovo LNVGY and Dell Technologies DELL declined 24.2%, 4.4% and 14.2%, respectively. HP’s HPQ shipment grew 6.4%, the only vendor in the list to witness growth.
Overall, Lenovo remained the top vendor, with a market share of 25.1%. HP holds the second spot, with a market share of 21% in worldwide PC shipments. Dell’s market share was 16.1% in the third quarter of 2023.
Apple’s market share decreased from 11.7% in third-quarter 2022 to 9.7% in third-quarter 2023.
In fact, Apple’s non-iPhone portfolio, which comprises Mac, iPad and Wearables, is expected to have declined in the fiscal fourth quarter.
Our model estimates Wearables, Home & Accessories revenues of $9.2 billion, suggesting a 4.7% year-over-year decline.
Click here to know how Apple’s overall fiscal fourth-quarter results are likely to be.
Slowing Momentum at Services Key Concern
Apple’s growing dependence on Services business for growth is a concern. The segment, which includes revenues from the App Store, Apple Music, iCloud, Apple Arcade, Apple TV+, Apple News+ and Apple Card, accounted for 25.9% of sales in third-quarter fiscal 2023.
Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as the company’s new cash cow.
Apple had more than 1 billion paid subscribers across its Services portfolio at the end of the fiscal third quarter. This is expected to have increased in the to-be-reported quarter, thanks to the growing installed base of Apple’s devices, as well as the popularity of apps like Apple TV+.
This Zacks Rank #3 (Hold) company expects Services revenue growth to accelerate compared with the June quarter. Services revenues grew 8.2% year over year to $21.21 billion in the fiscal third quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Our model estimates for Services revenues are pegged at $20.39 billion, indicating 6.3% year-over-year growth.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. Revenue (TTM) Apple Inc. revenue-ttm | Apple Inc. Quote Shipments from Apple, Lenovo LNVGY and Dell Technologies DELL declined 24.2%, 4.4% and 14.2%, respectively. Dell’s market share was 16.1% in the third quarter of 2023. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Apple Inc. Revenue (TTM) Apple Inc. revenue-ttm | Apple Inc. Quote Shipments from Apple, Lenovo LNVGY and Dell Technologies DELL declined 24.2%, 4.4% and 14.2%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell’s market share was 16.1% in the third quarter of 2023.
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Apple Inc. Revenue (TTM) Apple Inc. revenue-ttm | Apple Inc. Quote Shipments from Apple, Lenovo LNVGY and Dell Technologies DELL declined 24.2%, 4.4% and 14.2%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell’s market share was 16.1% in the third quarter of 2023.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple Inc. Revenue (TTM) Apple Inc. revenue-ttm | Apple Inc. Quote Shipments from Apple, Lenovo LNVGY and Dell Technologies DELL declined 24.2%, 4.4% and 14.2%, respectively. Dell’s market share was 16.1% in the third quarter of 2023.
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cdaae96c-069d-458b-956d-855c91004996
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725242.0
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2023-11-01 00:00:00 UTC
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Paycom (PAYC) Q3 Earnings Beat Estimates, Revenues Miss
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DELL
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https://www.nasdaq.com/articles/paycom-payc-q3-earnings-beat-estimates-revenues-miss
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nan
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nan
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Paycom Software PAYC reported mixed third-quarter fiscal 2023 results, wherein non-GAAP earnings per share surpassed the Zacks Consensus Estimate, but revenues missed the same.
The online payroll and human resource technology provider reported non-GAAP earnings of $1.77 per share in the third quarter, beating the Zacks Consensus Estimate of $1.62. The bottom line improved 39.4% from $1.27 per share reported in the year-ago quarter.
In the third quarter of 2023, Paycom reported revenues of $406.3 million, missing the consensus mark of $411 million. The top line improved 21.6% year over year. The top-line figure also fell short of management’s previous guidance of $410-$412 million, mainly due to weaker-than-anticipated service revenues and unscheduled payroll runs.
Paycom Software, Inc. Price, Consensus and EPS Surprise
Paycom Software, Inc. price-consensus-eps-surprise-chart | Paycom Software, Inc. Quote
Quarter in Detail
Paycom’s Recurring revenues (representing 98.1% of the total revenues) improved 21.5% to $398.8 million in the third quarter. Our estimates for the company’s Recurring revenues were pegged at $404 million.
The company’s revenues from the Implementation and Other segment improved to $7.5 million from $6 million in the year-ago quarter and contributed 1.9% to total sales. Our estimates for the division’s revenues were pegged at $6.9 million.
Adjusted gross profits climbed 21.3% from the year-ago period to $340.2 million. However, the adjusted gross margin contracted 20 basis points (bps) on a year-over-year basis to 83.7%.
Paycom’s adjusted EBITDA increased 23.7% year over year to $165.6 million. The adjusted EBITDA margin expanded 310 bps to 40.8%.
Balance Sheet & Cash Flow
Paycom exited the third quarter with cash and cash equivalents of $484 million compared with $536.5 million recorded in the previous quarter. The company’s balance sheet comprised net long-term debt of $29 million, which remained flat sequentially.
In the third quarter of 2023, PAYC generated an operating cash flow of approximately $98.6 million, paid out $21.6 million in dividends and bought back $76.5 million worth of its common stock. During the first nine months of 2023, the company generated an operating cash flow of approximately $351 million.
The company announced its first-ever dividend policy in May 2023. PAYC intends to pay out a quarterly cash dividend of 37.5 cents per share or $1.50 per share annually. In the first nine months of 2023, the company has paid $43.4 million in dividend.
Lowered FY23 Guidance
Paycom lowered its guidance for the full-year 2023. The company now projects revenues between $1.679 billion and $1.684 billion, down from the earlier range of $1.715-$1.717 billion. The forecast range for adjusted EBITDA has been revised downward to $712-$717 million from the $722-$724 million band anticipated previously.
For the third quarter of 2023, Paycom forecasts revenues and adjusted EBITDA in the ranges of $420-$425 million and $169-$174 million, respectively.
Zacks Rank and Stocks to Consider
Currently, PAYC carries a Zacks Rank #4 (Sell). Shares of the company have declined 21.1% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 179% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised downward by a penny to $1.56 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 35 cents to $6.54 per share in the past 90 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 47.2% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 8 cents to $1.47 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 66.4% year to date.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Paycom Software, Inc. (PAYC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 8 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Paycom Software, Inc. (PAYC) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 8 cents to $1.47 per share in the past 60 days.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Paycom Software, Inc. (PAYC) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 8 cents to $1.47 per share in the past 60 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 8 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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63c24c2d-be01-46cf-8b0a-8d8dd0c02829
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725243.0
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2023-10-30 00:00:00 UTC
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Will Improving Client Segment Aid AMD's Q3 Earnings Growth?
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DELL
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https://www.nasdaq.com/articles/will-improving-client-segment-aid-amds-q3-earnings-growth
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nan
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nan
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Advanced Micro Devices AMD is expected to report growth in the Client segment, both on a year-over-year and sequential basis, in third-quarter 2023 earnings, set to be released on Oct 31.
AMD’s third-quarter top-line growth is expected to have benefited from an improving PC market, particularly the consumer side.
Per Gartner’s latest report, global PC shipments totaled 64.3 million units in the third quarter of 2023, down 9% year over year. Gartner stated that strong demand from the education market drove PC demand amid sluggish enterprise sales.
Client revenues are expected to have increased 21.3% year over year to $1.24 billion, per our model.
Click here to know how AMD’s overall third-quarter performance is likely to be.
Diversified Product Portfolio: Key to AMD’s Prospects
AMD benefits from a robust product portfolio and expanding partner base. It continues to strengthen its footprint in the enterprise data center arena by leveraging the power of fourth-generation EPYC CPUs and Pensando data processing units.
Advanced Micro Devices, Inc. Revenue (TTM)
Advanced Micro Devices, Inc. revenue-ttm | Advanced Micro Devices, Inc. Quote
AMD, along with its partners, continues to offer solutions that enable greater data center consolidation. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon’s AMZN cloud arm Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts.
Cloud providers like Microsoft, Amazon, Alibaba and Oracle deployed Genoa in the second quarter of 2023. Microsoft Azure announced the first Genoa-X HPC instances that offer more than five times higher performance in technical computing workloads compared with their prior generation.
Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to intelligently monitor their systems and deliver more efficient computing services.
Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro launched their new Bergamo-based platforms in the third quarter. This is expected to have boosted AMD’s prospects, which currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
During the to-be-reported quarter, AMD announced that AWS has expanded its 4th Gen AMD EPYC processor-based offerings with the general availability of Amazon Elastic Compute Cloud (EC2) M7a and Amazon EC2 Hpc7a instances.
Our model estimates for Data Center revenues are pegged at $1.62 billion, indicating a year-over-year increase of 1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon’s AMZN cloud arm Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to intelligently monitor their systems and deliver more efficient computing services.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon’s AMZN cloud arm Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon’s AMZN cloud arm Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon’s AMZN cloud arm Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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25cebe0c-f14c-4aa8-88dd-1e9d26019fe6
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725244.0
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2023-10-30 00:00:00 UTC
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Tyler's (TYL) Workforce Case Management System Chosen by NGB
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DELL
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https://www.nasdaq.com/articles/tylers-tyl-workforce-case-management-system-chosen-by-ngb
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nan
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nan
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Tyler Technologies TYL revealed that the Complaints Management and Adjudication Branch of the Diversity, Equity and Inclusion (DEI) Office of the U.S. National Guard Bureau (“NGB”) has selected TYL’s Workforce Case Management application suite.
The application suite will help in establishing a centralized system for tracking and reporting complaints, which, upon implementation, will be under the supervision of NGB-DEI's Complaints Management and Adjudication Branch.
Under its Workforce Case Management application suite, Tyler will implement program management and reporting applications for military equal opportunity and civilian equal employment opportunity (EEO), Anti-Harassment and Reasonable Accommodation.
Tyler Technologies, Inc. Price and Consensus
Tyler Technologies, Inc. price-consensus-chart | Tyler Technologies, Inc. Quote
The new system will establish a top-down view for tracking and reporting complaints across all military branches in all 54 U.S. states, districts and territories, serving as a unified mechanism for managing both formal and informal harassment and discrimination complaints.
The system will assist defense branches in complying with the prescribed timeframes set by the Department of Defense (DoD) and federal regulations. Meeting these timeframes is essential to ensure that these branches adhere to data tracking and reporting requirements mandated by the government. DoD agencies must share this data with the DoD Office of the Secretary of Defense and the U.S. EEO Commission in accordance with federal guidelines.
Tyler possesses significant expertise in delivering workforce case management applications within the federal sector. Presently, the company serves 35 distinct systems within the DoD, handling 80% of federal EEO claims through its software.
Furthermore, TYL is experiencing a growing momentum in the public safety market. In the second quarter of 2023, the company has struck three contracts that include cloud deployment for the State Police of Oregon, on-prem deployment for the State Highway Patrol department of Missouri and Mobile Solution for Harris County. This momentum is fueled by the company's expertise in cloud adaptation, migration and optimization, in addition to organic growth in its Software as a Service revenues.
In addition to these solutions, Tyler is also benefiting from its unified payment strategy in its Digital Solutions division, which has resulted in 132 new payment deals, adding significant value to its business model. Furthermore, during the second quarter of 2023, the company has experienced the advantages of securing new contracts, extending contract agreements and renewing existing contracts in the states of Wisconsin, Connecticut, Illinois, Idaho, New Jersey, West Virginia and Kentucky.
Zacks Rank and Stocks to Consider
Currently, Tyler carries a Zacks Rank #3 (Hold). Shares of the company have returned 12.8% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 177.1% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised downward by a penny to $1.56 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 35 cents to $6.54 per share in the past 90 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have gained 47% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 64% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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8bdbc3f8-f0f1-4d44-b9c5-8e7824c9c28b
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725245.0
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2023-10-30 00:00:00 UTC
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Is Dell Technologies (DELL) Outperforming Other Computer and Technology Stocks This Year?
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DELL
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https://www.nasdaq.com/articles/is-dell-technologies-dell-outperforming-other-computer-and-technology-stocks-this-year
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nan
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nan
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Dell Technologies (DELL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Dell Technologies is one of 628 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DELL's full-year earnings has moved 16.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DELL has gained about 64% so far this year. At the same time, Computer and Technology stocks have gained an average of 28.6%. This means that Dell Technologies is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Aehr Test Systems (AEHR). The stock is up 48.2% year-to-date.
For Aehr Test Systems, the consensus EPS estimate for the current year has increased 3.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Dell Technologies is a member of the Computers - IT Services industry, which includes 39 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has gained an average of 12.2% so far this year, meaning that DELL is performing better in terms of year-to-date returns.
On the other hand, Aehr Test Systems belongs to the Electronics - Measuring Instruments industry. This 5-stock industry is currently ranked #36. The industry has moved -24.1% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Dell Technologies and Aehr Test Systems as they could maintain their solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Aehr Test Systems (AEHR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Dell Technologies is one of 628 individual stocks in the Computer and Technology sector. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Aehr Test Systems (AEHR) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Dell Technologies is one of 628 individual stocks in the Computer and Technology sector.
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Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Dell Technologies and Aehr Test Systems as they could maintain their solid performance. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Aehr Test Systems (AEHR) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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Dell Technologies is one of 628 individual stocks in the Computer and Technology sector. This means that Dell Technologies is outperforming the sector as a whole this year. Dell Technologies (DELL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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e35595b8-ffcc-450f-a78d-fae1c1ffba80
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725246.0
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2023-10-30 00:00:00 UTC
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Validea Detailed Fundamental Analysis - DELL
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DELL
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-dell
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nan
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nan
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Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating using this strategy is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
More Information on Joel Greenblatt
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry.
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Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
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Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL).
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Below is Validea's guru fundamental report for DELL TECHNOLOGIES INC (DELL). Of the 22 guru strategies we follow, DELL rates highest using our Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis More Information on Joel Greenblatt Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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cdfe7d0a-495e-4c36-bd51-69e9a4d80141
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725247.0
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2023-10-27 00:00:00 UTC
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Infosys (INFY) to Enhance smart Europe GmbH D2C Business Model
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DELL
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https://www.nasdaq.com/articles/infosys-infy-to-enhance-smart-europe-gmbh-d2c-business-model
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nan
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nan
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Infosys Limited INFY entered a five-year partnership with smart Europe GmbH to improve the latter’s Direct-to-Customer (D2C) business model in Europe.
Based in Leinfelden-Echterdingen, Germany, smart Europe GmbH is a subsidiary of smart Automobile Co., Ltd. Notably, smart Automobile Co., Ltd was established through a collaboration between Mercedes-Benz and Geely Act Smart. Mercedes-Benz handles the design, while Geely is responsible for the development and production.
The EV automotive manufacturer, smart Europe GmbH, will benefit from Infosys’ portfolio of software, data and cloud investments. The collaboration will enhance data-driven customization and interaction for smart Europe GmbH’s current smart #1 and smart #3 models. This partnership will also enable the automotive manufacturer to employ a D2C sales strategy for selling electric vehicles in 15 European nations.
Infosys Limited Price and Consensus
Infosys Limited price-consensus-chart | Infosys Limited Quote
Infosys will leverage its expertise in Machine Learning models, trusted processes, functional and technical expertise to streamline sales forecast, e-commerce processes and customer experience for smart Europe GmbH.
The newest deal with smart Europe GmbH follows other 2023 European deals, including partnerships with Stark Group, Danske Bank, Keytrade Bank, ABN AMRO and ng-voice GmbH. In the second quarter of 2024, Infosys signed eight large deals in Europe.
However, the company is facing a mixed bag of challenges. Its business is being affected by near-term uncertainties stemming from inflation and higher interest rates. Slow decision-making processes, along with softness in digital transformation programs and discretionary spending in the current uncertain macroeconomic environment, are hurting INFY’s volumes.
Zacks Rank and Stocks to Consider
Currently, Infosys carries a Zacks Rank #4 (Sell). Shares of the company have declined 9.4% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 175.9% year to date.
The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised downward by a penny to $1.56 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 35 cents to $6.54 per share in the past 90 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NTES have surged 44.7% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 60.4% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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American Noble Gas Inc. (INFY) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report American Noble Gas Inc. (INFY) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Click to get this free report American Noble Gas Inc. (INFY) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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8afe6aea-ef0d-468e-b4a8-4d978ee06d5f
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725248.0
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2023-10-27 00:00:00 UTC
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3 Best Long-Term Stocks to Buy for October 2023
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DELL
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https://www.nasdaq.com/articles/3-best-long-term-stocks-to-buy-for-october-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Despite the current market volatility, there are still some great stocks that investors should buy-and-hold for the long-term. These are stocks of established, profitable companies that have a consistent track record of strong financial results. They also consistently return value to shareholders in the form of dividends and share repurchases. If anything, the current market pullback has made these stocks more affordable and their valuations more attractive. Investors who have long-term financial goals should ignore the current noise and load-up on equities while they are cheap. In time, investors who own quality stocks will be rewarded. Here are the three best long-term stocks to buy for October 2023.
Coca-Cola (KO)
Source: MAHATHIR MOHD YASIN / Shutterstock.com
Soft drink maker Coca-Cola (NYSE:KO) has done it again. The Atlanta-based company just issued Q3 financial results that beat Wall Street forecasts across the board. Coke reported EPS (earnings per share) of 71 cents versus 69 cents that had been expected among analysts who track the company’s progress. Revenue in the July through September quarter totaled $11.91 billion compared to $11.44 billion that had been anticipated among analysts. Coca-Cola’s Q3 sales rose 8% from a year earlier.
Coke’s Q3 report came as a bit of a relief. Leading into earnings, investors and analysts worried about the company’s ability to raise prices without pushing consumers to seek cheaper product alternatives. The new class of weight loss drugs and their potential impact on soft drink sales also caused concern.
In the end, none of those issues mattered to Coca-Cola or its financial results. Looking ahead, the company raised its forward guidance for the remainder of this year. It now says it expects EPS growth of 7-8%, up from a previous range of 5-6%. The company also raised its revenue outlook, forecasting an increase of 10-11%, up from 8-9% previously. KO stock is down 11% year to date, presenting a nice long-term buying opportunity. KO stock also pays a quarterly dividend of 46 cents per share, giving it a yield of 3.3%.
BlackRock (BLK)
Source: Tada Images / Shutterstock.com
U.S. investment firm BlackRock (NYSE:BLK) is the world’s largest money manager, handling nearly $10 trillion of assets. The company has a great long-term growth trajectory and currently looks affordable with the stock trading at 18 times future earnings, and with a quarterly dividend of $5 per share for a yield of 3.29%. BlackRock has also applied to launch a Bitcoin (BTC-USD) spot ETF and could be a big beneficiary should regulators greenlight crypto ETFs.
BlackRock recently issued its Q3 financial results, which showed the company’s profit rose 14% from a year earlier. EPS came in at $10.91 per share, ahead of the $8.34 that was expected among Wall Street analysts. The company also recorded $3 billion of net investment dollar inflows during Q3. However, net outflows in Q3 totaled $49 billion, sending the stock lower. The company blamed the big outflows on nervous retail investors, and a single $19 billion loss from an international client.
BLK stock has declined 14.74% year-to-date. This too should be seen as a buy-the-dip opportunity, as long-term BlackRock should be a profitable investment.
Dell Technologies (DELL)
Source: Ken Wolter / Shutterstock.com
There’s a lot to like about Dell Technologies (NYSE:DELL) right now. The maker of personal computers and laptops is putting its shareholders front-and-center. A recent announcement revealed its plans to increase its dividend payment by 10% a year by 2028. Additionally, Dell announced that it is increasing its stock buyback program by $5 billion effective immediately.
The company repeated a previous forecast that it would grow revenue in a range of 3% to 4% this year. It also raised its forecast for long-term profit growth to 8%, up from 6% previously. Dell currently pays a quarterly dividend of 37 cents per share, giving it a yield of 2.22%.
DELL stock has gained 70% over the last 12 months and is up 152% over five years, making it an ideal option in long-term stocks to buy.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post 3 Best Long-Term Stocks to Buy for October 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s a lot to like about Dell Technologies (NYSE:DELL) right now. Additionally, Dell announced that it is increasing its stock buyback program by $5 billion effective immediately. Dell currently pays a quarterly dividend of 37 cents per share, giving it a yield of 2.22%.
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Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s a lot to like about Dell Technologies (NYSE:DELL) right now. Additionally, Dell announced that it is increasing its stock buyback program by $5 billion effective immediately. Dell currently pays a quarterly dividend of 37 cents per share, giving it a yield of 2.22%.
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DELL stock has gained 70% over the last 12 months and is up 152% over five years, making it an ideal option in long-term stocks to buy. Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s a lot to like about Dell Technologies (NYSE:DELL) right now. Additionally, Dell announced that it is increasing its stock buyback program by $5 billion effective immediately.
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Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s a lot to like about Dell Technologies (NYSE:DELL) right now. Additionally, Dell announced that it is increasing its stock buyback program by $5 billion effective immediately. Dell currently pays a quarterly dividend of 37 cents per share, giving it a yield of 2.22%.
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bf3129d0-c097-4395-9620-f62f15a5cce4
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725249.0
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2023-10-27 00:00:00 UTC
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Should Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) Be on Your Investing Radar?
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DELL
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https://www.nasdaq.com/articles/should-janus-henderson-small-mid-cap-growth-alpha-etf-jsmd-be-on-your-investing-radar-1
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nan
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nan
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Designed to provide broad exposure to the Small Cap Growth segment of the US equity market, the Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a passively managed exchange traded fund launched on 02/23/2016.
The fund is sponsored by Janus Henderson. It has amassed assets over $241.80 million, making it one of the average sized ETFs attempting to match the Small Cap Growth segment of the US equity market.
Why Small Cap Growth
Sitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk.
While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Further, growth stocks have a higher level of volatility associated with them. Compared to value stocks, growth stocks are a safer bet in a strong bull market, but don't perform as strongly in almost all other financial environments.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.30%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.51%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 25.10% of the portfolio. Information Technology and Healthcare round out the top three.
Looking at individual holdings, Medpace Holdings Inc. (MEDP) accounts for about 3.13% of total assets, followed by Jabil Inc. (JBL) and Dell Technologies Inc. Class C (DELL).
The top 10 holdings account for about 25.06% of total assets under management.
Performance and Risk
JSMD seeks to match the performance of the Janus Small/Mid Cap Growth Alpha Index before fees and expenses. The Janus Henderson Small/Mid Cap Growth Alpha Index selects small- and medium-sized capitalization stocks that are poised for smart growth by evaluating each company performance in three critical areas: growth, profitability, and capital efficiency.
The ETF has gained about 5% so far this year and was up about 4.06% in the last one year (as of 10/27/2023). In the past 52-week period, it has traded between $50.53 and $65.14.
The ETF has a beta of 1.18 and standard deviation of 23.29% for the trailing three-year period. With about 247 holdings, it effectively diversifies company-specific risk.
Alternatives
Janus Henderson Small/Mid Cap Growth Alpha ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, JSMD is a good option for those seeking exposure to the Style Box - Small Cap Growth area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell 2000 Growth ETF (IWO) and the Vanguard Small-Cap Growth ETF (VBK) track a similar index. While iShares Russell 2000 Growth ETF has $8.52 billion in assets, Vanguard Small-Cap Growth ETF has $12.41 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD): ETF Research Reports
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Jabil, Inc. (JBL) : Free Stock Analysis Report
iShares Russell 2000 Growth ETF (IWO): ETF Research Reports
Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report
Vanguard Small-Cap Growth ETF (VBK): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Medpace Holdings Inc. (MEDP) accounts for about 3.13% of total assets, followed by Jabil Inc. (JBL) and Dell Technologies Inc. Class C (DELL). Click to get this free report Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report iShares Russell 2000 Growth ETF (IWO): ETF Research Reports Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report Vanguard Small-Cap Growth ETF (VBK): ETF Research Reports To read this article on Zacks.com click here. It has amassed assets over $241.80 million, making it one of the average sized ETFs attempting to match the Small Cap Growth segment of the US equity market.
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Click to get this free report Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report iShares Russell 2000 Growth ETF (IWO): ETF Research Reports Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report Vanguard Small-Cap Growth ETF (VBK): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Medpace Holdings Inc. (MEDP) accounts for about 3.13% of total assets, followed by Jabil Inc. (JBL) and Dell Technologies Inc. Class C (DELL). Designed to provide broad exposure to the Small Cap Growth segment of the US equity market, the Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a passively managed exchange traded fund launched on 02/23/2016.
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Click to get this free report Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report iShares Russell 2000 Growth ETF (IWO): ETF Research Reports Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report Vanguard Small-Cap Growth ETF (VBK): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Medpace Holdings Inc. (MEDP) accounts for about 3.13% of total assets, followed by Jabil Inc. (JBL) and Dell Technologies Inc. Class C (DELL). Designed to provide broad exposure to the Small Cap Growth segment of the US equity market, the Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a passively managed exchange traded fund launched on 02/23/2016.
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Looking at individual holdings, Medpace Holdings Inc. (MEDP) accounts for about 3.13% of total assets, followed by Jabil Inc. (JBL) and Dell Technologies Inc. Class C (DELL). Click to get this free report Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD): ETF Research Reports Dell Technologies Inc. (DELL) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report iShares Russell 2000 Growth ETF (IWO): ETF Research Reports Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report Vanguard Small-Cap Growth ETF (VBK): ETF Research Reports To read this article on Zacks.com click here. Why Small Cap Growth Sitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk.
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8c1c5481-68ca-4cc4-8571-158883272898
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725250.0
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2023-10-26 00:00:00 UTC
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CACI International (CACI) Q1 Earnings Miss, Revenues Beat
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DELL
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https://www.nasdaq.com/articles/caci-international-caci-q1-earnings-miss-revenues-beat
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nan
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nan
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CACI International CACI reported mixed first-quarter fiscal 2024 results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same.
The national security-related IT solutions and services provider reported non-GAAP earnings of $4.36 per share, missing the Zacks Consensus Estimate of $4.52. However, the bottom line remained flat on a year-over-year basis as the benefits from higher operating income, lower taxes and share repurchases were fully offset by increased interest expenses.
In the first quarter of fiscal 2024, CACI reported revenues of $1.85 billion, surpassing the Zacks Consensus Estimate of $1.69 billion. The top line also increased 15.2% from the prior-year quarter, primarily driven by organic growth, which was boosted by roughly $100 million of higher-than-expected material purchases by the company’s customers.
CACI International, Inc. Price, Consensus and EPS Surprise
CACI International, Inc. price-consensus-eps-surprise-chart | CACI International, Inc. Quote
Quarterly Details
In the first quarter, contract awards totaled $3.1 billion, with approximately 50% for the new business. Revenues from contract awards excluded the ceiling value of multi-award, indefinite-delivery indefinite-quantity contracts.
CACI ended the quarter with a backlog of $26.7 billion, up 7% on a year-over-year basis. As of Sep 30, 2023, the funded backlog increased by 14% to $4.2 billion. Our estimates for the total backlog and the funded backlog were pegged at $26.5 billion and $3.6 billion, respectively.
In terms of the customer mix, the Department of Defense contributed 73.1% to total revenues in the reported quarter. Federal Civilian Agencies made up 22%, while Commercial and other customers accounted for 4.9% of revenues. Our estimates for the Department of Defense, Federal Civilian Agencies, and Commercial and Other customers’ contributions toward total revenues were pegged at 71.8%, 23% and 5.3%, respectively.
Revenues generated as a Prime Contractor and a Subcontractor accounted for 89.1% and 10.9% of the total revenues, respectively. Our model estimates suggested contributions from the Prime Contractor and the Subcontractor of 89.1% and 10.9%, respectively.
In terms of contract type, cost-plus-fee-type contracts, fixed-price contracts, and time and material-type contracts contributed 61.4%, 27.1% and 11.5%, respectively, to total revenues. Our model estimates suggested contributions from cost-plus-fee-type contracts, fixed-price contracts, and time and material-type contracts of 58.3%, 29.9% and 11.8%, respectively.
Revenues generated as Expertise and Technology accounted for 47.5% and 52.5% of the total revenues, respectively. Our estimates for Expertise and Technology contributions toward total revenues were pegged at 46.1% and 53.9%, respectively.
The operating income for the quarter amounted to $137.3 million, up 3.4% year over year. However, the operating margin contracted 90 basis points (bps) to 7.4%.
Adjusted EBITDA increased 2.5% year over year to $174.2 million. However, the adjusted EBITDA margin shrank by 120 bps to 9.4%.
Balance Sheet & Cash Flow
As of Sep 30, 2023, CACI had cash and cash equivalents of $125.5 million compared with the previous quarter’s $115.8 million. The total long-term (net of the current portion) debt was $1.74 billion, up from $1.65 billion as of Jun 30, 2023.
The company generated operating cash flow (excluding mini-automatic radar plotting aid or MARPA) of $93.3 million in the first quarter, down 34.8% from the year-ago quarter. Free cash flow was $79.3 million during the quarter under review.
Updated Fiscal 2024 Guidance
CACI has raised its guidance for fiscal 2024. The company now projects revenues between $7.2 billion and $7.4 billion, up from the earlier guidance range of $7-$7.2 billion. It now forecasts adjusted earnings per share between $19.38 and $20.48 compared with the previous expectations of $19.13-$20.22.
It now forecasts to generate a free cash flow of $410 million during fiscal 2024, up from the earlier anticipation of $400 million. However, CACI still expects fiscal 2024 adjusted net income in the range of $440-$465 million.
Zacks Rank and Stocks to Consider
Currently, CACI carries a Zacks Rank #3 (Hold). Shares of the company have returned 7.2% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 185.9% year to date.
The Zacks Consensus Estimate for PANW's first-quarter 2024 earnings has been revised upward by a penny to $1.16 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 4 cents to $5.34 per share in the past 60 days.
Palo Alto’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 22.19%. Shares of PANW have surged 75.4% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 64.9% year to date.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
CACI International, Inc. (CACI) : Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CACI International, Inc. (CACI) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CACI International, Inc. (CACI) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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c378245f-f60d-461d-89fa-de27808b2152
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725251.0
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2023-10-26 00:00:00 UTC
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3D Systems (DDD) Report Preliminary 3Q Results, Scrap 2023 View
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DELL
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https://www.nasdaq.com/articles/3d-systems-ddd-report-preliminary-3q-results-scrap-2023-view
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nan
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nan
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3D Systems DDD reported weaker-than-expected preliminary results for third-quarter 2023. It now expects revenues between $123 million and $124 million, indicating a year-over-year decline between $9.3 million and $8.3 million, primarily due to softness in printer demand.
The company now expects 2023 revenues to be weaker than previously expected guidance, primarily due to challenging macroeconomic conditions. 3D Systems is scrapping its previously provided guidance for 2023. The company had projected revenues in the range of $525-$545 million.
The Zacks Consensus Estimate for 2023 is currently pegged at $524.69 million, suggesting a 2.48% year-over-year decline. The consensus mark for loss is pegged at 22 cents per share, unchanged in the past 30 days.
Meanwhile, 3D Systems aims to save $45 - $55 million annually by the end of 2024 through its recently announced expansion of the restructuring plan. Most of the cost will be incurred in the first quarter of 2024. The restructuring plan targets headcount reduction and trimming geographic locations in all functions across the company.
The 3D system is expected to report its third quarter financial results and provide insights into the restructuring initiative on Nov 8.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
What is in Store for DDD’s Shares in 2023?
DDD shares have declined 46.9% compared with the Zacks Computer & Technology sector’s increase of 30% year to date. The underperformance can be attributed to ongoing macroeconomic uncertainties and soft printer demand.
However, additive manufacturing is gaining traction amid this underperformance among larger industries seeking economically viable solutions. 3D Systems, recognizing its position as the largest additive manufacturing company, is actively pursuing scalability.
DDD is also entering into biotechnology, metal additive manufacturing and large-format pellet extrusion printing through partnerships with their adaptive, Oerlikon AM and SWANY Co. Ltd., respectively.
To further extend its regenerative medicine efforts, DDD has partnered with United Therapeutics UTHR. The companies aim to create highly intricate products, including 3D-printed lungs.
United Therapeutics, a public benefit corporation, is involved in pursuing organ manufacturing. Recently, UTHR successfully transplanted a genetically engineered heart, Xenoheart, into a living person.
3D Systems recently announced the successful use of its point-of-care technologies in producing a patient-specific 3D-printed cranial implant used in a cranioplasty at the University Hospital Basel.
In September, 3D Systems partnered with Klarity to extend the reach of its FDA-approved VSP Bolus solution, simplifying the patient experience and enhancing radiotherapy care across the United States and Canada through Klarity Prints.
Zacks Rank & Stocks to Consider
DDD currently has a Zacks Rank #3 (Hold).
NVIDIA NVDA and Dell Technologies DELL are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of NVDA and DELL have gained 185.9% and 64.9%, respectively, year to date.
The long-term earnings growth rate for NVIDIA and Dell Technologies are pegged at 13.5% and 12%, respectively.
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
United Therapeutics Corporation (UTHR) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA NVDA and Dell Technologies DELL are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 185.9% and 64.9%, respectively, year to date. The long-term earnings growth rate for NVIDIA and Dell Technologies are pegged at 13.5% and 12%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA and Dell Technologies DELL are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 185.9% and 64.9%, respectively, year to date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA and Dell Technologies DELL are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 185.9% and 64.9%, respectively, year to date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA and Dell Technologies DELL are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 185.9% and 64.9%, respectively, year to date.
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586f77f2-ab62-45fc-b878-3108e69b8d77
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725252.0
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2023-10-25 00:00:00 UTC
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Texas Instruments (TXN) Q3 Earnings & Revenues Miss, Down Y/Y
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DELL
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https://www.nasdaq.com/articles/texas-instruments-txn-q3-earnings-revenues-miss-down-y-y
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nan
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nan
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Texas Instruments TXN reported third-quarter 2023 earnings of $1.85 per share. The figure was near the higher end of management’s guided range of $1.68-$1.92.
However, the figure declined 25% year over year and 1.1% sequentially.
The bottom line includes a benefit of 5 cents, excluding which the figure is at $1.80, missing the Zacks Consensus Estimate by 0.5%.
TXN reported revenues of $4.53 billion, which lagged the Zacks Consensus Estimate of $4.57 billion. The figure came within the management’s guidance of $4.36-$4.74 billion.
Revenues decreased 14% from the year-ago quarter’s level while slightly improving by 0.02% sequentially.
The year-over-year decline was attributed to weakness across various end markets. The company witnessed sluggishness in its Analog and Other segments.
On the other hand, the Embedded Processing segment delivered improved performance on a year-over-year basis.
On a sequential basis, Texas Instruments suffered from widespread weakness in the industrial and communication equipment markets.
Nevertheless, it experienced sequential growth in the automotive end market, which remains a positive. TXN also experienced an improvement in the personal electronics and enterprise systems markets from the prior quarter.
We note that Texas Instruments’ efficient manufacturing strategies and consistent returns to shareholders are likely to instill investors’ optimism in the stock. Its substantial investments in growth avenues and competitive advantages are other positives.
Shares of Texas Instruments have lost 9.1% in the year-to-date period against the industry’s growth of 109.7%.
Texas Instruments Incorporated Price, Consensus and EPS Surprise
Texas Instruments Incorporated price-consensus-eps-surprise-chart | Texas Instruments Incorporated Quote
Segments in Detail
Analog: Revenues of $3.35 billion were generated from the segment (74% of total revenues), down 16% from the year-ago quarter’s level. The figure came above the Zacks Consensus Estimate of $3.303 billion.
Embedded Processing: Revenues amounted to $890 million (19.6% of total revenues), up 8% year over year. The figure beat the Zacks Consensus Estimate of $887 million.
Other: Revenues totaled $289 million (6.4% of total revenues). The figure was down 32% from the prior-year quarter’s level. The reported revenue missed the consensus mark of $362 million.
Operating Details
Texas Instruments’ gross margin of 62.1% contracted 690 basis points (bps) from the year-ago quarter’s level.
As a percentage of revenues, selling, general and administrative expenses expanded 170 bps year over year to $452 million in the reported quarter.
Research and development expenses of $471 million expanded 220 bps from the year-ago quarter’s level as a percentage of revenues.
The operating margin was 41.7%, which contracted 940 bps from the prior-year quarter’s number.
Balance Sheet & Cash Flow
As of Sep 30, 2023, the cash and short-term investment balance was $8.95 billion compared with $9.55 billion as of Jun 30, 2023.
At the end of the reported quarter, TXN had a long-term debt of $10.922 billion compared with $10.920 billion in the prior quarter.
Current debt was $300 million, down from $299 million at the end of second-quarter 2023.
Texas Instruments generated $1.94 billion of cash from operations, up from $1.39 billion in the previous quarter.
Capex was $1.49 billion in the reported quarter and free cash flow was $442 million.
Texas Instruments paid out dividends worth $1.13 billion in the reported quarter. It repurchased shares worth 46 million.
Guidance
For fourth-quarter 2023, Texas Instruments expects revenues between $3.93 billion and $4.27 billion. The midpoint of this range is below the Zacks Consensus Estimate of $4.54 billion.
The company expects earnings within $1.35-$1.57 per share. The midpoint of this range is below the Zacks Consensus Estimate of $1.80 per share.
Zacks Rank and Stocks to Consider
Currently, Texas Instruments carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have surged 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%.
Shares of Applied Materials have gained 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is currently anticipated at 6.10%.
Arista Networks shares have climbed 44.2% in the year-to-date period. ANET’s long-term earnings growth rate is currently pegged at 18.75%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks, each carry a Zacks Rank #2 (Buy). Dell Technologies shares have surged 68.8% in the year-to-date period.
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While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks, each carry a Zacks Rank #2 (Buy). Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET.
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Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks, each carry a Zacks Rank #2 (Buy).
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks, each carry a Zacks Rank #2 (Buy). Dell Technologies shares have surged 68.8% in the year-to-date period.
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050d39a8-b4b2-429f-b0ac-69271d643545
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725253.0
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2023-10-25 00:00:00 UTC
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Alphabet (GOOGL) Q3 Earnings & Revenues Beat, Increase Y/Y
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DELL
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https://www.nasdaq.com/articles/alphabet-googl-q3-earnings-revenues-beat-increase-y-y
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nan
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nan
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Alphabet’s GOOGL third-quarter 2023 earnings of $1.55 per share beat the Zacks Consensus Estimate by 6.9%. The figure grew by 46.2% year over year.
Revenues of $76.7 billion increased 11% year over year (11% at constant currency).
Net revenues, excluding total traffic acquisition costs or TAC (the portion of revenues shared with Google’s partners and amounts paid to distribution partners and others who direct traffic to Google’s website), were $64.05 billion, which surpassed the consensus mark of $63.13 billion. The figure rose 11.8% from the year-ago quarter’s level.
TAC of $12.64 billion was up 6.9% year over year.
Top-line growth was driven by solid Search and YouTube’s performance. The growing cloud and Other Bets segments were a positive. Also, improving advertisement business was a plus.
Its growing momentum in Pixel devices remained a positive.
However, Alphabet continued to witness sluggishness in Google Network ads, which remained a concern. The company experienced slow growth in Google Cloud revenues, which was a major negative.
The company’s shares plunged 6.8% in pre-market trading due to lower-than-expected Google Cloud revenues.
Alphabet’s growing investments in AI to boost its Search, YouTube and cloud business are likely to yield huge returns in the days ahead. This is expected to instill investor optimism in the stock in the days ahead.
Alphabet has gained 57.3% in the year-to-date period, outperforming the industry’s growth of 51.5%.
Alphabet Inc. Price, Consensus and EPS Surprise
Alphabet Inc. price-consensus-eps-surprise-chart | Alphabet Inc. Quote
Segments in Detail
Alphabet reports revenues under Google Services, Google Cloud and Other Bets.
Google Services:
Revenues from the Google Services business increased 10.8% year over year to $67.99 billion, accounting for 88.6% of the total revenues.
Under this business, search revenues from Google-owned sites increased 11.3% year over year to $44.03 billion, surpassing the Zacks Consensus Estimate of $43.04 billion.
YouTube’s advertising revenues improved 12.4% year over year to $7.95 billion, while Network advertising revenues decreased 2.6% to $7.7 billion. While YouTube ad revenues came ahead of the Zacks Consensus Estimate of $7.84 billion, Network ad revenues were below the consensus mark of $7.9 billion.
Total Google advertising revenues were up 9.5% year over year to $59.65 billion and accounted for 77.8% of the total revenues. The figure beat the consensus mark of $58.94 billion.
Google’s Other revenues, consisting of Google Play and YouTube non-advertising revenues, were $8.34 billion for the third quarter, up 20.9% year over year. The figure came ahead of the consensus mark of $7.96 billion.
Google Cloud:
Google Cloud revenues rose 22.5% year over year to $8.41 billion, accounting for 10.9% of the quarter’s total revenues. The reported metric missed the Zacks Consensus Estimate of $8.54 billion.
Other Bets:
Other Bets’ revenues were $297 million, up 42.1% year over year and accounted for 0.4% of the total first-quarter revenues. The figure beat the consensus mark of $284 million.
Regional Details
EMEA (29.5% of total revenues): GOOGL generated $22.7 billion in revenues from the region, increasing 17% year over year.
APAC (17.1% of total revenues): The region generated $13.13 billion in revenues, up 14% from the year-ago quarter’s level.
Other Americas (6% of total revenues): The region generated $4.6 billion in revenues, up 10% on a year-over-year basis.
United States (47.4% of total revenues): Alphabet generated $36.35 billion in revenues from the region, which increased 9% from the prior-year quarter’s level.
Operating Details
Costs and operating expenses were $55.35 billion, up 6.5% year over year. As a percentage of revenues, the figure contracted 300 basis points (bps) from the year-ago quarter’s level.
The operating margin was 27.8%, which expanded 300 bps year over year. Segment-wise, Google Services’ operating margin of 35.2% expanded by 440 bps from the prior-year quarter’s level.
Google Cloud reported operating income of $266 million compared with a loss of $440 million in the year-ago quarter.
Other Bets reported a loss of $1.19 million compared with a loss of $1.22 billion in the prior-year quarter.
Balance Sheet
As of Sep 30, 2023, cash, cash equivalents and marketable securities were $119.9 billion, up from $118.3 billion as of Jun 30, 2023.
Long-term debt was $13.8 billion at the end of the reported quarter compared with $13.7 billion at the end of the previous quarter.
Alphabet generated $30.7 billion of cash from operations in third-quarter 2023 compared with $28.7 billion in second-quarter 2022.
GOOGL spent $8.06 billion on capex, netting a free cash flow of $22.6 billion in the reported quarter.
Zacks Rank & Stocks to Consider
Currently, Alphabet has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have surged 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%
Shares of Applied Materials have gained 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is currently anticipated at 6.10%.
Arista Networks shares have climbed 44.2% in the year-to-date period. ANET’s long-term earnings growth rate is currently pegged at 18.75%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). Dell Technologies shares have surged 68.8% in the year-to-date period.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy).
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy).
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). Dell Technologies shares have surged 68.8% in the year-to-date period.
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555cf156-83aa-49ef-bd23-50034c1c4481
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725254.0
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2023-10-25 00:00:00 UTC
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CACI Secures Exclusive Four-Year IDIQ Contract From JSC NASA
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DELL
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https://www.nasdaq.com/articles/caci-secures-exclusive-four-year-idiq-contract-from-jsc-nasa
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nan
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nan
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CACI International CACI has secured the exclusive contract for a four-year period to provide ongoing assistance to NASA's Johnson Space Center ("JSC”) through an indefinite delivery-indefinite quantity (IDIQ) agreement. This IDIQ agreement has a maximum value of $150 million and is set to support NASA's spaceflight systems, simulation and software needs.
This contract will enable NASA’s JSC to benefit from CACI's expertise in aerospace systems engineering and analysis. The two organizations will work together on advanced engineering for crewed spacecraft systems, simulation and Virtual Reality development and software support for human spaceflight, spanning areas like robotics, navigation, guidance, avionics and power.
The contract comes as an extension to the three-decade-long collaboration of CACI and NASA. In recent times, CACI has been involved with NASA in deploying the High-Bandwidth Free-Space Optical Modem for the latter’s International Space Station Communications, which was delivered in 2022. Furthermore, in 2021, CACI successfully delivered the operation of a Laser Communications Transmitter, which was designed for a NASA Deep Space Mission.
CACI International, Inc. Price and Consensus
CACI International, Inc. price-consensus-chart | CACI International, Inc. Quote
The company has been benefiting from new business wins with the U.S. Army, National Geospatial-Intelligence Agency (NGA) and DARPA. CACI has recently implemented the U.S. Army Integrated Personnel and Pay System (IPPS), containing more than one million U.S. soldiers, with 800,000 logins and a daily user base of 100,000.
Additionally, CACI's longstanding partner, NGA, has started using its Sapphire imagery analytics platform and another artificial intelligence-powered solution called Feature Trace. Furthermore, the company deployed 16 Optical Communications Terminals above DARPA Blackjack Satellites. CACI benefits from having the government as a big client. Its association with the government lends stability to the business and moderates fluctuations in revenues.
The company is slated to report first-quarter fiscal 2024 results today, after market close.
Zacks Rank and Stocks to Consider
Currently, CACI carries a Zacks Rank #3 (Hold). Shares of the company have returned 7.4% year to date.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVDA’s third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.
NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 198.8% year to date.
The Zacks Consensus Estimate for PANW's first-quarter 2024 earnings has been revised upward by a penny to $1.16 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 4 cents to $5.34 per share in the past 60 days.
Palo Alto’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 22.19%. Shares of PANW have surged 80.6% year to date.
The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.
Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 66.5% year to date.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
CACI International, Inc. (CACI) : Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CACI International, Inc. (CACI) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CACI International, Inc. (CACI) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days.
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Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Palo Alto Networks PANW and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. Dell’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%.
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725255.0
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2023-10-24 00:00:00 UTC
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Riding the AI Wave: Why AMD Stock Deserves a Spot in Your Portfolio
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DELL
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https://www.nasdaq.com/articles/riding-the-ai-wave%3A-why-amd-stock-deserves-a-spot-in-your-portfolio
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If you want portfolio exposure to the future of artificial intelligence (AI) compatible hardware, then Nvidia (NASDAQ:NVDA) stock is all you need. Right? Not necessarily, as Advanced Micro Devices (NASDAQ:AMD), commonly known as just AMD, is also a key competitor in the AI arms race. Hence, it’s entirely reasonable to own equal dollar amounts of NVDA stock and AMD stock.
I fully expect the U.S.-China chip battle to resolve at some point, hopefully this year, and there’s room for more than one winner. Nvidia is the obvious darling of the markets, but investors shouldn’t sleep on AMD now. Indeed, AMD could catch up to Nvidia in the AI chip race and you’ll want to position yourself for maximum gains ahead of time.
Headline-Grabbing Acquisition Could Catalyze AMD Stock
Make no mistake about it: AMD is taking direct aim at Nvidia’s AI chip market share in 2023. Regarding this, the financial press is abuzz as AMD recently agreed to acquire open-source AI software specialist Nod.ai.
I really like InvestorPlace contributor Chris MacDonald’s concise summary of the motivation behind this buyout. As MacDonald put it, “Acquiring Nod.ai is part of AMD’s strategy, and it smoothens the release of AI models optimized for AMD chips.”
AMD stockholders should consider this to be the most impactful company-specific news in a long time. The only thing that bothers me about it is that AMD didn’t disclose the terms of the deal in the press release.
So, it will be more difficult to assess whether AMD’s buyout of Nod.ai will offer a good return on investment (ROI). Nevertheless, I’m looking forward to seeing how Nod.ai can enhance AMD’s AI-compatible processors and other components in the coming quarters.
Awesome Names, Awesome Products
I’ll admit it. I’m a fan of products with awesome names. Of course, it’s more important to have awesome products than good names. Still, AMD’s Alienware and Threadripper product lines are bound to capture people’s attention.
In any case, these products are ideal for AI workloads. First, there’s AMD’s Alienware m18 laptop lineup, which features the new AMD Radeon graphics processing units (GPUs). These Alienware laptops feature new AI accelerators that are specifically “optimized for the latest AI workloads.”
Then, there are the AMD Ryzen Threadripper 7000 and PRO 7000 WX-Series Processors. These two Threadripper processor series are made for desktops and workstations and will be available for workstations made by Dell Technologies (NYSE:DELL) and other manufacturers.
Is there an AI angle here? Of course, there is. Meghana Patwardhan, vice president, Commercial Client Products, Dell Technologies, emphasized the synergy of AMD’s Threadripper processors and Dell’s computers in facilitating AI workloads:
“Working closely with AMD, we’re expanding our portfolio of AI-ready workstations with the addition of the Precision 7875 Tower, equipped with the utmost scalability and power for demanding applications.”
Win the AI Chip Wars With NVDA Stock and AMD Stock
It’s going to be hard to pick a winner in the AI chip wars. Nvidia is the obvious choice, but AMD has its own AI-compatible products.
Maybe, you don’t have to pick just one winner. Why not invest in both NVDA stock and AMD stock? That way, you can bet on two different horses to win the AI horse race.
Alternatively, you can buy an index fund that tracks the Nasdaq. This strategy will give your portfolio some exposure to the growth of Nvidia and AMD. But no matter how you approach it, I definitely recommend investing in AMD for the long haul.
On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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The post Riding the AI Wave: Why AMD Stock Deserves a Spot in Your Portfolio appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meghana Patwardhan, vice president, Commercial Client Products, Dell Technologies, emphasized the synergy of AMD’s Threadripper processors and Dell’s computers in facilitating AI workloads: “Working closely with AMD, we’re expanding our portfolio of AI-ready workstations with the addition of the Precision 7875 Tower, equipped with the utmost scalability and power for demanding applications.” Win the AI Chip Wars With NVDA Stock and AMD Stock It’s going to be hard to pick a winner in the AI chip wars. These two Threadripper processor series are made for desktops and workstations and will be available for workstations made by Dell Technologies (NYSE:DELL) and other manufacturers. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.
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Meghana Patwardhan, vice president, Commercial Client Products, Dell Technologies, emphasized the synergy of AMD’s Threadripper processors and Dell’s computers in facilitating AI workloads: “Working closely with AMD, we’re expanding our portfolio of AI-ready workstations with the addition of the Precision 7875 Tower, equipped with the utmost scalability and power for demanding applications.” Win the AI Chip Wars With NVDA Stock and AMD Stock It’s going to be hard to pick a winner in the AI chip wars. These two Threadripper processor series are made for desktops and workstations and will be available for workstations made by Dell Technologies (NYSE:DELL) and other manufacturers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you want portfolio exposure to the future of artificial intelligence (AI) compatible hardware, then Nvidia (NASDAQ:NVDA) stock is all you need.
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Meghana Patwardhan, vice president, Commercial Client Products, Dell Technologies, emphasized the synergy of AMD’s Threadripper processors and Dell’s computers in facilitating AI workloads: “Working closely with AMD, we’re expanding our portfolio of AI-ready workstations with the addition of the Precision 7875 Tower, equipped with the utmost scalability and power for demanding applications.” Win the AI Chip Wars With NVDA Stock and AMD Stock It’s going to be hard to pick a winner in the AI chip wars. These two Threadripper processor series are made for desktops and workstations and will be available for workstations made by Dell Technologies (NYSE:DELL) and other manufacturers. Headline-Grabbing Acquisition Could Catalyze AMD Stock Make no mistake about it: AMD is taking direct aim at Nvidia’s AI chip market share in 2023.
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Meghana Patwardhan, vice president, Commercial Client Products, Dell Technologies, emphasized the synergy of AMD’s Threadripper processors and Dell’s computers in facilitating AI workloads: “Working closely with AMD, we’re expanding our portfolio of AI-ready workstations with the addition of the Precision 7875 Tower, equipped with the utmost scalability and power for demanding applications.” Win the AI Chip Wars With NVDA Stock and AMD Stock It’s going to be hard to pick a winner in the AI chip wars. These two Threadripper processor series are made for desktops and workstations and will be available for workstations made by Dell Technologies (NYSE:DELL) and other manufacturers. Nvidia is the obvious choice, but AMD has its own AI-compatible products.
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2023-10-24 00:00:00 UTC
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Will Solid AWS Momentum Aid Amazon's (AMZN) Q3 Earnings?
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DELL
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https://www.nasdaq.com/articles/will-solid-aws-momentum-aid-amazons-amzn-q3-earnings-0
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nan
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Amazon AMZN is set to report third-quarter 2023 results on Oct 26.
The company is expected to have continued gaining from solid momentum in the rapidly growing cloud market on the back of its cloud computing division, Amazon Web Services (“AWS”).
We note that the growing popularity and strong adoption of AWS have been aiding Amazon in generating high margins from the cloud business. The trend is expected to have continued in the yet-to-be-reported quarter.
AWS’ revenues were $22.1 billion in second-quarter 2023, accounting for 17% of net sales, rising 12% year over year.
We believe that an expanding customer base and a strong discount offering for long-term deals are likely to have driven AWS’ top line in the quarter under review.
The Zacks Consensus Estimate for third-quarter 2023 AWS net sales is pegged at $23.19 billion, indicating an improvement of 12.9% from the year-ago quarter’s reported figure.
Click here to find out how the company’s overall third-quarter performance is expected to have been.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Factors to Consider
The expanding data center network and an increasing number of AWS regions and availability zones are likely to have acted as tailwinds.
In the third quarter, the company launched an infrastructure region in Tel Aviv, Israel. AWS Israel (Tel Aviv) Region is comprised of three availability zones.
Its strength across the AWS cloud services portfolio is expected to have continued benefiting the segment’s performance in the third quarter.
Both factors are expected to have aided Amazon in sustaining momentum among existing customers and attracting new ones.
In the quarter under review, AWS was selected by PT Telekomunikasi Selular (Telkomsel) and Abdul Latif Jameel as a preferred cloud provider. BMW Group and Dr. Reddy’s Laboratories also picked AWS as the preferred cloud provider.
FanDuel also picked AWS as its strategic cloud provider.
Occidental OXY favored AWS as its preferred cloud provider to enhance operational efficiencies and eliminate upfront capital expenditures.
Occidental is transferring its core production applications and on-premises information technology infrastructure to AWS to accelerate its digital transformation and the development of systems for carbon removal plants.
Meanwhile, Sumitomo selected AWS to drive its digital transformation by migrating its SAP environments to AWS.
Zacks Rank & Stocks to Consider
Currently, Amazon carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL and Applied Materials AMAT. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have gained 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%.
Shares of Applied Materials have gained 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is currently projected at 6.10%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL and Applied Materials AMAT. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials carries a Zacks Rank #2 (Buy). Dell Technologies shares have gained 68.8% in the year-to-date period.
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While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials carries a Zacks Rank #2 (Buy). Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL and Applied Materials AMAT.
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While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials carries a Zacks Rank #2 (Buy). Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL and Applied Materials AMAT.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL and Applied Materials AMAT. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials carries a Zacks Rank #2 (Buy). Dell Technologies shares have gained 68.8% in the year-to-date period.
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2023-10-24 00:00:00 UTC
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Philips (PHG) Q3 Earnings Beat Estimates, Revenues Rise Y/Y
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DELL
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https://www.nasdaq.com/articles/philips-phg-q3-earnings-beat-estimates-revenues-rise-y-y
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Koninklijke Philips N.V. PHG reported third-quarter 2023 adjusted earnings of 36 cents per share, outpacing the Zacks Consensus Estimate by 100%.
Revenues of $4.87 billion also beat the consensus mark by 0.1%.
In domestic currency, sales increased 4% on a year-over-year basis to €4.47 billion. Comparable sales (including adjustments for consolidation charges & currency effects) rose 11% year over year. The upside was primarily attributed to robust performance across its segments.
Comparable sales in the Diagnosis & Treatment and Connected Care businesses witnessed double-digit growth year over year. Also, comparable sales in the Personal Health business recorded a high single-digit growth on a year-over-year basis.
However, Philips’ comparable order intake declined 9% year over year in the reported quarter primarily due to tough comparison. While Diagnosis & Treatment registered a double-digit fall, Connected Care business’ order intake was down by mid-single digit from the prior-year quarter.
Sales improved 12% on a comparable basis in growth geographies. Sales in mature geographies were up 11% year over year on a comparable basis.
Koninklijke Philips N.V. Price, Consensus and EPS Surprise
Koninklijke Philips N.V. price-consensus-eps-surprise-chart | Koninklijke Philips N.V. Quote
Segmental Update
Diagnosis & Treatment revenues gained 6% from the year-ago quarter to €2.2 billion. Comparable sales jumped 14% year over year driven by double-digit growth in Ultrasound, Diagnostic Imaging and Image-Guided Therapy.
Connected Care revenues increased 3% year over year to €1.23 billion. Comparable sales climbed 10% primarily due to strong double-digit growth in Monitoring and mid-single-digit growth in Enterprise Informatics.
Personal Health revenues fell 0.4% year over year to €898 million. Nevertheless, comparable sales rose 7% year over year due to high-single-digit growth in Personal Care and Oral Healthcare.
Other segment sales amounted to €140 million, up 1.4% on a year-over-year basis.
Operating Details
Gross margin expanded 310 basis points (bps) on a year-over-year basis to 43.2% in the reported quarter.
General & administrative expenses, as a percentage of sales, were 3.4%, contracted 70 bps on a year-over-year basis. Moreover, selling expenses decreased 190 bps to 24.9%. Research & development expenses dipped 120 bps to 10.5%.
Further, research & development expenses of 10% (as a percentage of sales) contracted 420 bps year over year.
Restructuring, acquisition-related and other charges came in at €162 million compared with €303 million a year ago.
Operating model productivity, procurement and other productivity programs delivered savings of €142 million, €59 million and €57 million, respectively. This resulted in total savings of €258 million.
Philips’ adjusted earnings before interest, taxes and amortization (EBITA) — the company’s preferred measure of operational performance — jumped 118.7% year over year to €457 million. EBITA margin expanded 540 bps on a year-over-year basis to 10.2% in the reported quarter.
Diagnosis & Treatment’s adjusted EBITA margin extended 230 bps on a year-over-year basis to 12.7% primarily due to higher sales.
Connected Care’s adjusted EBITA margin was 3.7% in the reported quarter, jumped from (7.5%) in the year-ago quarter.
Personal Health’s adjusted EBITA margin expanded 460 bps on a year-over-year basis to 18.7%.
Balance Sheet
As of Sep 30, 2023, Philips’ cash and cash equivalents were €1.15 billion compared with €960 million as of Jun 30, 2023. Total debt was €8.16 billion compared with €8.22 billion as of Jun 30, 2023.
Operating cash flow was €489 million against the year-ago quarter’s operating cash outflow of €180 million.
Free cash flow was €333 million against the year-ago quarter’s free cash outflow of €374 million.
2023 Guidance
Philips expects to deliver 6-7% of comparable sales growth in 2023.
The Diagnosis & Treatment business is forecast to witness high-single-digit to double-digit growth. The Connected Care segment is suggested to register a low-single-digit to mid-single-digit growth. Personal Health is anticipated to grow low single digits.
Further, adjusted EBITA margin is expected in the band of 10-11%.
Philips still envisions free cash flow to be between €700 million and €900 million.
Zacks Rank & Stocks to Consider
Phillips currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have surged 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%
Shares of Applied Materials have gained 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is currently anticipated at 6.10%.
Arista Networks shares have climbed 44.2% in the year-to-date period. ANET’s long-term earnings growth rate is currently pegged at 18.75%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have surged 68.8% in the year-to-date period.
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While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Click to get this free report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET.
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Click to get this free report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have surged 68.8% in the year-to-date period.
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2023-10-24 00:00:00 UTC
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The Zacks Analyst Blog Highlights Alphabet, Dell Technologies, Applied Materials and Arista Networks
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-alphabet-dell-technologies-applied-materials-and-arista
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For Immediate Release
Chicago, IL – October 24, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Alphabet's GOOGL, Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET.
Here are highlights from Monday’s Analyst Blog:
Will Google Cloud Strengthen Alphabet's (GOOGL) Q3 Earnings?
Alphabet's third-quarter 2023 results, scheduled to be released on Oct 24, are likely to reflect strength in its cloud arm, Google Cloud.
Google Cloud has turned out to be the key catalyst for Alphabet's growth on the back of its strengthening cloud-service offerings.
GOOGL's cloud offerings include Google Cloud Platform and Google Workspace, which are continuously gaining momentum in the booming cloud computing market. Google's growing investments in infrastructure, security, data management, analytics and AI remain major positives.
Alphabet has been consistently witnessing strong revenue growth generated by the underlined segment, which derives revenues from fees collected for Google Cloud Platform services and Google Workspace collaboration tools.
Revenues from the segment were $8.03 billion in second-quarter 2023. The figure accounted for 10.8% of total revenues and exhibited year-over-year growth of 28%.
For third-quarter 2023, the Zacks Consensus Estimate for Google Cloud revenues is pegged at $8.54 billion, suggesting growth of 24.3% from the prior-year quarter's reported figure.
Click here to know how Alphabet's overall third-quarter performance is likely to have been.
Factors to Consider
Google's strengthening efforts toward expanding its cloud services portfolio, data centers, availability zones and regions are likely to have helped it gain strong customer momentum in the highly competitive cloud market.
The company's deepening focus on generative AI might have been a major positive.
In the third quarter, GOOGL announced the general availability of A3 virtual machines, which are designed to cater well to the growing demand for generative AI workloads and large language models.
This also added strength to Google's supercomputing capabilities.
The growing momentum in its generative AI-backed helper, Duet AI, might have contributed well. The company announced the general availability of Duet AI for Gmail, Drive, Docs and more in the quarter to be reported.
This apart, the company strengthened its Kubernetes offerings by launching a new enterprise version of its Google Kubernetes Engine.
GOOGL's efforts in integrating data lakes, data warehouses, data governance and advanced machine learning into a single platform are expected to have bolstered its prospects in the data cloud market during the to-be-reported quarter.
Google's amplifying focus on providing a secure cloud infrastructure owing to its growing cybersecurity efforts might have been another positive.
All these endeavors are likely to have contributed well to the third-quarter performance of Google Cloud.
Zacks Rank & Stocks to Consider
Currently, Alphabet has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Dell Technologies, Applied Materials and Arista Networks. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Dell Technologies shares have gained 68.8% in the year-to-date period. DELL's long-term earnings growth rate is currently projected at 12%.
Shares of Applied Materials have increased by 58.1% in the year-to-date period. AMAT's long-term earnings growth rate is currently projected at 6.10%.
Arista Networks shares have gained 44.2% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.75%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Alphabet's GOOGL, Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Some better-ranked stocks in the broader technology sector are Dell Technologies, Applied Materials and Arista Networks. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy).
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Stocks recently featured in the blog include: Alphabet's GOOGL, Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies, Applied Materials and Arista Networks.
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Stocks recently featured in the blog include: Alphabet's GOOGL, Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies, Applied Materials and Arista Networks.
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Stocks recently featured in the blog include: Alphabet's GOOGL, Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Some better-ranked stocks in the broader technology sector are Dell Technologies, Applied Materials and Arista Networks. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy).
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04786f86-7336-48e8-b798-334955ac0568
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725259.0
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2023-10-23 00:00:00 UTC
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AMD Benefits From Expanding Portfolio, Strong Partner Base
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DELL
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https://www.nasdaq.com/articles/amd-benefits-from-expanding-portfolio-strong-partner-base
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nan
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nan
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Advanced Micro Devices AMD has been benefiting from a robust portfolio and expanding clientele. It recently strengthened its footprint in the gaming industry with the introduction of the AMD Radeon RX 7900M, a laptop GPU, and the Alienware m18 laptop.
In addition to gaming, AMD continues to make strides in the data center market by launching Ryzen Threadripper PRO 7000 WX-Series processors for professionals and businesses, offering top-tier performance and security. It also reintroduced the Ryzen Threadripper 7000 Series processors for high-end desktop users, featuring impressive multi-core performance and up to 64 cr.
AMD's presence in the enterprise data center market is being fortified with the utilization of fourth-generation EPYC CPUs and Pensando data processing units (DPUs).
AMD, along with its partners, continues to offer solutions that enable greater data center consolidation. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts.
Cloud providers like Microsoft, AWS, Alibaba, and Oracle deployed Genoa in the second quarter of 2023. Microsoft Azure announced the first Genoa-X HPC instances offering more than five times higher performance in technical computing workloads than their prior generation.
Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to monitor their systems and intelligently deliver more efficient computing services.
AMD recently acquired Nod.ai, a compiler-based automation software provider, to further strengthen its capabilities. This move will enhance AMD's ability to develop software-driven technology, accelerating AI solutions deployment for its various product lines, including data center accelerators, processors and GPUs.
The acquisition is expected to strengthen AMD’s competitive position against NVIDIA NVDA in the software market.
Through its CUDA toolkit, NVIDIA offers a development environment for creating high-performance GPU-accelerated applications.
Moreover, the growing adoption of fourth-generation EPYC by enterprises brightens prospects. In second-quarter 2023, the adoption of fourth-generation EPYC CPU accelerated with revenues, almost doubling sequentially as cloud providers expanded deployments to support their internal infrastructure and public instance offerings.
Currently, there are more than 670 AMD-powered cloud instances publicly available. The number is expected to grow 30% to 900 by the end of 2023, primarily owing to the adoption of Genoa.
Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms in the third quarter.
These factors are expected to boost AMD’s prospects in the near term. The company expects third-quarter 2023 revenues to be $5.7 billion (+/-$300 million), indicating year-over-year growth of 2.5% and 6.5% sequentially.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to monitor their systems and intelligently deliver more efficient computing services.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to monitor their systems and intelligently deliver more efficient computing services. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to monitor their systems and intelligently deliver more efficient computing services.
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dca082bb-625e-44d9-b86c-856b1849777c
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725260.0
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2023-10-23 00:00:00 UTC
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Will Google Cloud Strength Aid Alphabet's (GOOGL) Q3 Earnings?
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DELL
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https://www.nasdaq.com/articles/will-google-cloud-strength-aid-alphabets-googl-q3-earnings-0
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nan
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nan
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Alphabet’s GOOGL third-quarter 2023 results, scheduled to be released on Oct 24, are likely to reflect strength in its cloud arm, Google Cloud.
Google Cloud has turned out to be the key catalyst for Alphabet’s growth on the back of its strengthening cloud-service offerings.
GOOGL’s cloud offerings include Google Cloud Platform and Google Workspace, which are continuously gaining momentum in the booming cloud computing market. Google’s growing investments in infrastructure, security, data management, analytics and AI remain major positives.
Alphabet has been consistently witnessing strong revenue growth generated by the underlined segment, which derives revenues from fees collected for Google Cloud Platform services and Google Workspace collaboration tools.
Revenues from the segment were $8.03 billion in second-quarter 2023. The figure accounted for 10.8% of total revenues and exhibited year-over-year growth of 28%.
For third-quarter 2023, the Zacks Consensus Estimate for Google Cloud revenues is pegged at $8.54 billion, suggesting growth of 24.3% from the prior-year quarter’s reported figure.
Click here to know how Alphabet’s overall third-quarter performance is likely to have been.
Alphabet Inc. Price and EPS Surprise
Alphabet Inc. price-eps-surprise | Alphabet Inc. Quote
Factors to Consider
Google’s strengthening efforts toward expanding its cloud services portfolio, data centers, availability zones and regions are likely to have helped it gain strong customer momentum in the highly competitive cloud market.
The company’s deepening focus on generative AI might have been a major positive.
In the third quarter, GOOGL announced the general availability of A3 virtual machines, which are designed to cater well to the growing demand for generative AI workloads and large language models.
This also added strength to Google’s supercomputing capabilities.
The growing momentum in its generative AI-backed helper, Duet AI, might have contributed well. The company announced the general availability of Duet AI for Gmail, Drive, Docs and more in the quarter to be reported.
This apart, the company strengthened its Kubernetes offerings by launching a new enterprise version of its Google Kubernetes Engine.
GOOGL’s efforts in integrating data lakes, data warehouses, data governance and advanced machine learning into a single platform are expected to have bolstered its prospects in the data cloud market during the to-be-reported quarter.
Google’s amplifying focus on providing a secure cloud infrastructure owing to its growing cybersecurity efforts might have been another positive.
All these endeavors are likely to have contributed well to the third-quarter performance of Google Cloud.
Zacks Rank & Stocks to Consider
Currently, Alphabet has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have gained 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%.
Shares of Applied Materials have increased by 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is currently projected at 6.10%.
Arista Networks shares have gained 44.2% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.75%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). Dell Technologies shares have gained 68.8% in the year-to-date period.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy).
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks each carry a Zacks Rank #2 (Buy). Dell Technologies shares have gained 68.8% in the year-to-date period.
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f354c90e-fc05-4919-8caa-02c3ca948d79
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725261.0
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2023-10-19 00:00:00 UTC
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Ex-Dividend Reminder: Nokia, Dell Technologies and Carpenter Technology
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DELL
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-nokia-dell-technologies-and-carpenter-technology
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 10/23/23, Nokia Corp (Symbol: NOKBF), Dell Technologies Inc (Symbol: DELL), and Carpenter Technology Corp. (Symbol: CRS) will all trade ex-dividend for their respective upcoming dividends. Nokia Corp will pay its quarterly dividend of $0.03 on 11/2/23, Dell Technologies Inc will pay its quarterly dividend of $0.37 on 11/3/23, and Carpenter Technology Corp. will pay its quarterly dividend of $0.20 on 12/7/23. As a percentage of NOKBF's recent stock price of $3.13, this dividend works out to approximately 0.96%, so look for shares of Nokia Corp to trade 0.96% lower — all else being equal — when NOKBF shares open for trading on 10/23/23. Similarly, investors should look for DELL to open 0.55% lower in price and for CRS to open 0.32% lower, all else being equal.
Below are dividend history charts for NOKBF, DELL, and CRS, showing historical dividends prior to the most recent ones declared.
Nokia Corp (Symbol: NOKBF):
Dell Technologies Inc (Symbol: DELL):
Carpenter Technology Corp. (Symbol: CRS):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.83% for Nokia Corp, 2.18% for Dell Technologies Inc, and 1.27% for Carpenter Technology Corp..
Free Report: Top 8%+ Dividends (paid monthly)
In Thursday trading, Nokia Corp shares are currently down about 9.3%, Dell Technologies Inc shares are up about 1.4%, and Carpenter Technology Corp. shares are down about 0.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
DAVA Options Chain
AHPI Split History
MCHP Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 10/23/23, Nokia Corp (Symbol: NOKBF), Dell Technologies Inc (Symbol: DELL), and Carpenter Technology Corp. (Symbol: CRS) will all trade ex-dividend for their respective upcoming dividends. Nokia Corp will pay its quarterly dividend of $0.03 on 11/2/23, Dell Technologies Inc will pay its quarterly dividend of $0.37 on 11/3/23, and Carpenter Technology Corp. will pay its quarterly dividend of $0.20 on 12/7/23. Similarly, investors should look for DELL to open 0.55% lower in price and for CRS to open 0.32% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 10/23/23, Nokia Corp (Symbol: NOKBF), Dell Technologies Inc (Symbol: DELL), and Carpenter Technology Corp. (Symbol: CRS) will all trade ex-dividend for their respective upcoming dividends. Nokia Corp will pay its quarterly dividend of $0.03 on 11/2/23, Dell Technologies Inc will pay its quarterly dividend of $0.37 on 11/3/23, and Carpenter Technology Corp. will pay its quarterly dividend of $0.20 on 12/7/23. Nokia Corp (Symbol: NOKBF): Dell Technologies Inc (Symbol: DELL): Carpenter Technology Corp. (Symbol: CRS): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 10/23/23, Nokia Corp (Symbol: NOKBF), Dell Technologies Inc (Symbol: DELL), and Carpenter Technology Corp. (Symbol: CRS) will all trade ex-dividend for their respective upcoming dividends. Nokia Corp will pay its quarterly dividend of $0.03 on 11/2/23, Dell Technologies Inc will pay its quarterly dividend of $0.37 on 11/3/23, and Carpenter Technology Corp. will pay its quarterly dividend of $0.20 on 12/7/23. If they do continue, the current estimated yields on annualized basis would be 3.83% for Nokia Corp, 2.18% for Dell Technologies Inc, and 1.27% for Carpenter Technology Corp.. Free Report: Top 8%+ Dividends (paid monthly) In Thursday trading, Nokia Corp shares are currently down about 9.3%, Dell Technologies Inc shares are up about 1.4%, and Carpenter Technology Corp. shares are down about 0.8% on the day.
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Nokia Corp (Symbol: NOKBF): Dell Technologies Inc (Symbol: DELL): Carpenter Technology Corp. (Symbol: CRS): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 3.83% for Nokia Corp, 2.18% for Dell Technologies Inc, and 1.27% for Carpenter Technology Corp.. Free Report: Top 8%+ Dividends (paid monthly) In Thursday trading, Nokia Corp shares are currently down about 9.3%, Dell Technologies Inc shares are up about 1.4%, and Carpenter Technology Corp. shares are down about 0.8% on the day. Looking at the universe of stocks we cover at Dividend Channel, on 10/23/23, Nokia Corp (Symbol: NOKBF), Dell Technologies Inc (Symbol: DELL), and Carpenter Technology Corp. (Symbol: CRS) will all trade ex-dividend for their respective upcoming dividends.
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6ade8067-e30a-489c-ae3b-25179faa43ac
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725262.0
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2023-10-19 00:00:00 UTC
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India launches new 'authorisation' plan for imports of laptops, tablets
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DELL
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https://www.nasdaq.com/articles/india-launches-new-authorisation-plan-for-imports-of-laptops-tablets
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nan
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nan
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By Shivangi Acharya
NEW DELHI, Oct 19 (Reuters) - India is launching a new system of "authorisation" for imports of laptops, tablets and personal computers, aiming to monitor shipments of such hardware without hurting market supply, government officials said on Thursday.
The new "import management system" takes effect from Nov. 1 and requires companies to register the quantity and value of imports, but the government will not reject any import requests and will use the data for monitoring, the officials said.
Its purpose is "to ensure that all this provides us with the kind of data and information we need to make sure that we have a completely trusted digital system," said S. Krishnan, the top bureaucrat in the electronics and infotech ministry.
The decision spells relief for global laptop makers such as Dell DELL.N, HP HPE.N, Apple AAPL.O, Samsung 005930.KS and Lenovo 0992.HK, which had been unnerved by the abrupt announcement of a licensing regime in August.
On Aug. 3, India imposed a licensing regime on laptops and tablet imports, but quickly deferred the decision following criticism from industry and Washington.
That plan would have allowed the government to reject import requests while requiring a licence for every shipment.
Further measures could be taken after September 2024 on the basis of the data collected, Krishnan added, speaking at a press conference.
(Reporting by Shivangi Acharya; Writing by Sakshi Dayal; Editing by Kim Coghill and Clarence Fernandez)
((Sakshi.Dayal@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The decision spells relief for global laptop makers such as Dell DELL.N, HP HPE.N, Apple AAPL.O, Samsung 005930.KS and Lenovo 0992.HK, which had been unnerved by the abrupt announcement of a licensing regime in August. By Shivangi Acharya NEW DELHI, Oct 19 (Reuters) - India is launching a new system of "authorisation" for imports of laptops, tablets and personal computers, aiming to monitor shipments of such hardware without hurting market supply, government officials said on Thursday. Its purpose is "to ensure that all this provides us with the kind of data and information we need to make sure that we have a completely trusted digital system," said S. Krishnan, the top bureaucrat in the electronics and infotech ministry.
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The decision spells relief for global laptop makers such as Dell DELL.N, HP HPE.N, Apple AAPL.O, Samsung 005930.KS and Lenovo 0992.HK, which had been unnerved by the abrupt announcement of a licensing regime in August. The new "import management system" takes effect from Nov. 1 and requires companies to register the quantity and value of imports, but the government will not reject any import requests and will use the data for monitoring, the officials said. On Aug. 3, India imposed a licensing regime on laptops and tablet imports, but quickly deferred the decision following criticism from industry and Washington.
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The decision spells relief for global laptop makers such as Dell DELL.N, HP HPE.N, Apple AAPL.O, Samsung 005930.KS and Lenovo 0992.HK, which had been unnerved by the abrupt announcement of a licensing regime in August. By Shivangi Acharya NEW DELHI, Oct 19 (Reuters) - India is launching a new system of "authorisation" for imports of laptops, tablets and personal computers, aiming to monitor shipments of such hardware without hurting market supply, government officials said on Thursday. The new "import management system" takes effect from Nov. 1 and requires companies to register the quantity and value of imports, but the government will not reject any import requests and will use the data for monitoring, the officials said.
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The decision spells relief for global laptop makers such as Dell DELL.N, HP HPE.N, Apple AAPL.O, Samsung 005930.KS and Lenovo 0992.HK, which had been unnerved by the abrupt announcement of a licensing regime in August. By Shivangi Acharya NEW DELHI, Oct 19 (Reuters) - India is launching a new system of "authorisation" for imports of laptops, tablets and personal computers, aiming to monitor shipments of such hardware without hurting market supply, government officials said on Thursday. The new "import management system" takes effect from Nov. 1 and requires companies to register the quantity and value of imports, but the government will not reject any import requests and will use the data for monitoring, the officials said.
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36192427-ec33-4f98-b4f5-6ea940be9cc1
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725263.0
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2023-10-19 00:00:00 UTC
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Jack Henry (JKHY) Extends MDT Partnership to Boost Core Segment
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DELL
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https://www.nasdaq.com/articles/jack-henry-jkhy-extends-mdt-partnership-to-boost-core-segment
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nan
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nan
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Jack Henry JKHY announced the extension of its partnership with Member Driven Technologies ("MDT") to continue offering its core processing system to credit unions.
Per the terms of the deal, Jack Henrey’s credit union core platform, Symitar, is being used by MDT to provide credit unions with a private cloud solution for core processing and IT requirements.
With the extension of the partnership, Jack Henry and MDT will help credit unions enhance their technology modernization strategy by utilizing advanced cloud-based and digital tools for a competitive edge.
We note that the latest announcement will solidify Jack Henry’s customer base for its core platform offerings.
This, in turn, will boost the company’s Core segment.
Jack Henry & Associates, Inc. Price and Consensus
Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote
Strength in Core Segment
The latest partnership extension highlights strength in Jack Henry’s Core segment offerings.
Recently, Symitar partnered with Cotribute to integrate the latter with its service-based programming interface, SymXchange, ensuring data integrity through a service layer that manages interactions between third-party vendors and credit unions.
Further, this partnership enables Jack Henry to allow customers to access digital onboarding flows for various financial products, reduce operational workload and enhance compliance.
We believe that the above-mentioned endeavors will likely aid the performance of the underlined segment.
For fourth-quarter fiscal 2023, the Core segment generated revenues of $168.7 million, indicating year-over-year growth of 11%.
Our model estimate for fiscal 2024 Core segment revenues is pegged at $704.6 million, suggesting growth of 7.4% from fiscal 2023.
Growing Clientele
Apart from MDT, Carver Federal Savings Bank picked Jack Henry as its technology partner by implementing the new Financial Crimes Defender solution to combat fraud, enhance efficiency and reduce risk, allowing staff to make smarter decisions.
Further, Jack Henry was chosen by Machias Savings Bank to modernize its technology stack and enhance customer service as the bank grows.
Additionally, the Federal Reserve picked Jack Henry to support live transactions on the FedNow Service, the Federal Reserve's instant payment rail, becoming one of the first service providers to do so.
We note that an expanding customer base will likely aid Jack Henry’s overall financial performance in the upcoming period.
For fiscal 2024, the company expects GAAP revenues in the band of $2.208-$2.229 billion.
However, Jack Henry is currently suffering from mounting expenses. Rising headcounts and personnel costs are weighing on margin expansion. Growing expenses related to the card processing platform remain concerns.
JKHY has lost 16.8% in the year-to-date period.
Zacks Rank & Stocks to Consider
Currently, JKHY carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have gained 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%
Shares of Applied Materials have gained 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is currently projected at 6.10%.
Arista Networks shares have gained 44.2% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.75%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have gained 68.8% in the year-to-date period.
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While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have gained 68.8% in the year-to-date period.
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61c08208-8e55-46e2-8cef-7af9d57bab0f
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725264.0
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2023-10-19 00:00:00 UTC
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Lam Research (LRCX) Q1 Earnings & Revenues Beat, Decline Y/Y
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DELL
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https://www.nasdaq.com/articles/lam-research-lrcx-q1-earnings-revenues-beat-decline-y-y
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nan
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nan
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Lam Research Corporation LRCX delivered first-quarter fiscal 2024 non-GAAP earnings of $6.85 per share, which surpassed the Zacks Consensus Estimate by 12.8%. The figure decreased 34.3% from the year-ago quarter.
Revenues of $3.48 billion surpassed the Zacks Consensus Estimate of $3.41 billion. The figure declined 31.4% year over year. This was primarily attributed to weakness in the systems business due to sluggish memory spending.
Lam Research’s system revenues were $2.06 billion (59.1% of the total revenues), down 35.4% from the year-ago fiscal quarter’s figure. The reported figure surpassed the Zacks Consensus Estimate of $1.87 billion.
In the Customer Support Business Group, revenues for the reported quarter were $1.43 billion (40.9%), down 24.7% from the year-ago fiscal quarter’s number. The figure lagged the consensus mark of $1.53 billion.
Although sluggish wafer fabrication equipment (“WFE”) spending remains a concern, improvement in the outlook for the same is a positive. For 2023, WFE spending is expected to be in the $80 billion range, which was previously anticipated in the mid-$70 billion range.
NAND and foundry/logic spending remain weak, while DRAM spending has shown signs of improvement on the back of HBM-related demand and China upside.
Nevertheless, Lam Research’s proper execution and expanding and diversifying global footprints remain positives. The company’s technological advancements, especially with AI, are noteworthy. Also, its strength in 3D DRAM and advanced packaging is a tailwind.
Coming to the price performance, Lam Research has gained 54.3% year to date, outperforming the industry’s growth of 27.2%.
Lam Research Corporation Price, Consensus and EPS Surprise
Lam Research Corporation price-consensus-eps-surprise-chart | Lam Research Corporation Quote
Regions in Detail
China, Korea and Taiwan accounted for 48%, 16% and 7% of Lam Research’s total revenues for the fiscal first quarter, respectively. Japan, Southeast Asia, the United States and Europe accounted for 9%, 5%, 8% and 7%, respectively.
Operating Details
The non-GAAP gross margin was 47.9%, which expanded 190 basis points (bps) from the year-ago fiscal quarter’s level.
Non-GAAP operating expenses were $622.2 million, down 3.9% from the prior-year fiscal quarter’s reading. As a percentage of revenues, the figure expanded 510 bps from the year-earlier fiscal quarter’s level to 17.9%.
The non-GAAP operating margin was 30.1%, contracting 320 bps from the year-ago fiscal quarter’s level.
Balance Sheet & Cash Flow
As of Jun 25, 2023, cash and cash equivalents and short-term investments were $5.16 billion compared with $5.38 billion as of Jun 25, 2023.
Cash flow from operating activities was $951.2 million for the reported quarter, down from $1.12 billion in the previous fiscal quarter. Capital expenditure was $77 million in first-quarter fiscal 2024 compared with $78.7 million in fourth-quarter fiscal 2023.
In the reported quarter, Lam Research paid out dividends of $230 million and repurchased shares worth $830 million.
Guidance
For second-quarter fiscal 2024, LRCX expects revenues of $3.7 billion (+/- $300 million). The Zacks Consensus Estimate for the same is pegged at $3.6 billion.
The non-GAAP gross margin is projected at 47% (+/-1%), while the non-GAAP operating margin is expected to be 29.5% (+/-1%).
Non-GAAP earnings are projected to be $7 (+/- 75 cents) per share on a diluted share count of 132 million. The Zacks Consensus Estimate for the same is pinned at $6.63 per share.
Zacks Rank and Stocks to Consider
Currently, Lam Research carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Dell Technologies sports a Zacks Rank #1 (Strong Buy), and Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have gained 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is projected at 12%
Shares of Applied Materials have gained 58.1% in the year-to-date period. AMAT’s long-term earnings growth rate is projected at 6.10%.
Arista Networks shares have gained 44.2% in the year-to-date period. The long-term earnings growth rate for ANET is projected at 18.75%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lam Research Corporation (LRCX) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Dell Technologies sports a Zacks Rank #1 (Strong Buy), and Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have gained 68.8% in the year-to-date period.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Dell Technologies sports a Zacks Rank #1 (Strong Buy), and Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Dell Technologies sports a Zacks Rank #1 (Strong Buy), and Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT and Arista Networks ANET. Dell Technologies sports a Zacks Rank #1 (Strong Buy), and Applied Materials and Arista Networks carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have gained 68.8% in the year-to-date period.
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146bc880-b0da-49ce-96ad-b2c29ceb8e78
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725265.0
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2023-10-18 00:00:00 UTC
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BlackLine (BL) Strengthens Portfolio With Microsoft Teams Integration
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DELL
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https://www.nasdaq.com/articles/blackline-bl-strengthens-portfolio-with-microsoft-teams-integration
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nan
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nan
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BlackLine BL recently announced that it has integrated Microsoft MSFT Teams. It also introduced new capabilities to its Microsoft Dynamics 365 (D365) Connector. The enhancements will help customers and streamline finance and accounting processes.
BlackLine benefits from the Microsoft partnership, which helps it offer seamless compatibility with multiple Microsoft ERPs, including D365 and Great Plains, for joint customers.
The newly added Microsoft Teams collaboration and messaging services will now provide real-time notifications for time-sensitive actions.
Customers can access more data quickly and automate more of their workflows thanks to the new enhancements to BlackLine’s pre-configured Microsoft D365 Finance & Operations Connector for Financial Close & Consolidation solutions.
BlackLine Price and Consensus
BlackLine price-consensus-chart | BlackLine Quote
BlackLine Benefits from a Robust Portfolio
BlackLine benefits from a robust finance portfolio, enhancing efficiency for businesses of all sizes by providing innovative solutions and automation to streamline financial processes.
BlackLine has expanded its accounts receivable automation portfolio by acquiring Data Interconnect, providing enhanced e-Invoice Presentment and Payment (EIPP) capabilities for various invoicing formats and global compliance. These additions complement BlackLine's recent unified AR automation solutions, empowering efficient cash management and data-driven decision-making.
In September, BlackLine unveiled Intercompany Predictive Guidance, an AI-enabled solution designed to proactively identify and address potential intercompany transaction issues, streamlining financial close processes and enhancing data accuracy.
BlackLine also benefits from an expanding clientele through a reseller agreement with a blue-chip global consulting firm, fostering new customer acquisition and product portfolio growth via cross-selling and upselling to existing clients.
BlackLine's success extends to securing intercompany deals with SiP.4 and NOV, addressing the increasing demand for innovative solutions in managing complex intercompany processes.
In the second quarter, BlackLine added 43 net new customers, bringing their total customer count to 4,279. It also expanded its user base to 377,585, emphasizing the company's continued growth and influence in financial automation.
For the third quarter of fiscal 2023, BL expects revenues between $149 million and $151 million. The Zacks Consensus Estimate for the current quarter is pegged at $149.76 million, indicating a year-over-year growth of 11.53%.
For fiscal 2023, BL anticipates total revenues between $586 million and $591 million.
Zacks Rank & Other Stocks to Consider
BlackLine currently has a Zacks Rank #2 (Buy).
The company’s shares have declined 16.1% against the Zacks Computer & Technology sector’s return of 37.4%.
NVIDIA NVDA and Dell Technologies DELL are some other top-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of NVDA and DELL have gained 200.7% and 68.8%, respectively, year to date.
The long-term earnings growth rate for NVIDIA and Dell Technologies are pegged at 13.5% and 12%, respectively.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
BlackLine (BL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA NVDA and Dell Technologies DELL are some other top-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 200.7% and 68.8%, respectively, year to date. The long-term earnings growth rate for NVIDIA and Dell Technologies are pegged at 13.5% and 12%, respectively.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report BlackLine (BL) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA and Dell Technologies DELL are some other top-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 200.7% and 68.8%, respectively, year to date.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report BlackLine (BL) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA and Dell Technologies DELL are some other top-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 200.7% and 68.8%, respectively, year to date.
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NVIDIA NVDA and Dell Technologies DELL are some other top-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA and DELL have gained 200.7% and 68.8%, respectively, year to date. The long-term earnings growth rate for NVIDIA and Dell Technologies are pegged at 13.5% and 12%, respectively.
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b9f0411d-602e-4167-a478-c697cacaa6ad
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725266.0
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2023-10-18 00:00:00 UTC
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PubMatic (PUBM)-FreeWheel Team Up to Enhance CTV Ads
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DELL
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https://www.nasdaq.com/articles/pubmatic-pubm-freewheel-team-up-to-enhance-ctv-ads
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nan
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nan
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PubMatic PUBM recently announced a partnership with Comcast division FreeWheel, granting PubMatic's Activate platform direct access to premium publisher-connected television ad inventory.
The latest collaboration aims to expand opportunities for ad buyers to access a broader range of premium Connected Tv (CTV) ad inventory. It provides exclusive campaign budget access to FreeWheel publishers via PubMatic’s Activate.
The partnership aims to improve interoperability, streamline operations, and enhance transparency for buyers and sellers in the premium CTV ad inventory sector.
PubMatic, Inc. Price and Consensus
PubMatic, Inc. price-consensus-chart | PubMatic, Inc. Quote
Expanding Portfolio Aids PubMatic’s Prospects
PubMatic benefits from a robust portfolio, leveraging the strength of its omnichannel platform, cultivating deeper customer and partner relationships, and expanding its presence through TV ads within the inventory sector.
Building on its strengths, PubMatic extended its end-to-end supply path optimization (SPO) solution, Activate, to the Asia-Pacific region. This expansion, in combination with generative AI, broadened their addressable market by nearly $65 billion, facilitating non-bided direct deals and CTV access through key partnerships that led to a 30% surge in CTV revenue in the second quarter of 2023.
PUBM's introduction of Convert, an all-in-one commerce media solution, consolidates onsite and offsite monetization. This expands PubMatic’s addressable market by $10 billion, primarily fueled by performance marketing budgets, facilitating diversification beyond brand advertising within their comprehensive software suite that includes SSP and Connect.
In the second quarter of 2023, PubMatic recorded a 13% year-over-year increase in its total number of active customers and is successfully monetizing inventory from more than 1,750 publishers.
For the third quarter of fiscal 2023, PUBM expects revenues between $58 million and $61 million. The Zacks Consensus Estimate for the current quarter is pegged at $59.44 million, indicating a decline of 7.85% year over year.
Zacks Rank & Stocks to Consider
Currently, PUBM has Zacks Rank #3 (Hold).
PUBM shares have declined 3% against the Zacks Computer & Technology sector’s return of 37.4%.
Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL, NVDA and SPLK shares have returned 68.8%, 200.7% and 72.2%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
PubMatic, Inc. (PUBM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 68.8%, 200.7% and 72.2%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report PubMatic, Inc. (PUBM) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 68.8%, 200.7% and 72.2%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report PubMatic, Inc. (PUBM) : Free Stock Analysis Report To read this article on Zacks.com click here. DELL, NVDA and SPLK shares have returned 68.8%, 200.7% and 72.2%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 68.8%, 200.7% and 72.2%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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1eb5b11c-0492-4629-8bf3-16183b26c4a4
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725267.0
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2023-10-18 00:00:00 UTC
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Jack Henry (JKHY) Boosts Portfolio With Fraud Detection Platform
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DELL
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https://www.nasdaq.com/articles/jack-henry-jkhy-boosts-portfolio-with-fraud-detection-platform
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nan
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nan
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Jack Henry JKHY unveiled Jack Henry Financial Crimes Defender to combat financial crimes across various banks and credit channels.
Notably, the cloud-native fraud and anti-money laundering solution enhances financial institutions' risk decisions, operational efficiency and compliance with the Bank Secrecy Act.
Further, the new AI-powered solution offers real-time fraud detection and prevention for financial institutions, enabling seamless integration of third-party data and preventing transactions before they leave the institution or appear in clients' accounts.
We note that the new launch enables financial institutions to innovate faster, differentiate strategically and meet evolving accountholder needs.
Jack Henry is expected to gain solid traction across banks, credit facilities and other financial institutions on the back of its latest move.
Jack Henry & Associates, Inc. Price and Consensus
Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote
Strengthening Product Portfolio
The latest move indicates the company's growing emphasis on strengthening its overall portfolio offerings.
Apart from the latest launch, Jack Henry launched Payrailz Fraud Monitor, an AI-based feature for real-time fraud detection in P2P, bill payments and A2A outbound external transfers, supporting customizable features.
Additionally, the Payrailz Fraud Monitor uses AI and machine learning to detect and weigh multiple fraud attributes, generate actionable scores for each payment transaction and mitigate payment fraud, including account takeover, by continuously learning and adapting to unique risk tolerances.
Moreover, the above-mentioned endeavors position the company well to gain a solid footing in the global fraud detection and prevention market.
Per a Fortune Business Insights report, the global fraud detection and prevention market size is expected to hit $43.97 billion in 2023 and reach $182.66 billion by 2030, exhibiting a CAGR of 22.6% between 2023 and 2030.
Strength in the booming fraud detection market will aid the company in winning investors’ confidence in the near term.
However, mounting expenses and lower deconversion revenues continue to remain concerns.
JKHY shares have lost 15.8% in the year-to-date period compared with the industry’s decline of 20.8%.
Expanding Customer Base
A strengthening product portfolio will likely continue to aid Jack Henry in gaining strong customer momentum in the days ahead.
Notably, Carver Federal Savings Bank picked Jack Henry as its technology partner by implementing the new Financial Crimes Defender solution to combat fraud, enhance efficiency and reduce risk, allowing staff to make smarter decisions.
Further, Jack Henry was picked by Saco & Biddeford Savings Institution, a mutual savings bank, to modernize its technology infrastructure and expand small business banking.
We note that an expanding customer base is likely to contribute to the company’s top-line growth in the upcoming period.
For fiscal 2024, Jack Henry expects GAAP revenues in the band of $2.208-$2.229 billion. The Zacks Consensus Estimate for the same is pegged at $2.21 billion, implying year-over-year growth of 6.5%.
Zacks Rank & Stocks to Consider
Currently, JKHY carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT, and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Applied Materials carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have gained 68.8% in the year-to-date period. DELL’s long-term earnings growth rate is currently projected at 12%
Shares of Applied Materials have gained 46.6% in the year-to-date period. AMAT’s long-term earnings growth rate is currently projected at 6.10%.
Arista Networks shares have gained 61% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.75%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT, and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Applied Materials carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have gained 68.8% in the year-to-date period.
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While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Applied Materials carry a Zacks Rank #2 (Buy) each. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT, and Arista Networks ANET.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT, and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Applied Materials carry a Zacks Rank #2 (Buy) each.
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Some better-ranked stocks in the broader technology sector are Dell Technologies DELL, Applied Materials AMAT, and Arista Networks ANET. While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Applied Materials carry a Zacks Rank #2 (Buy) each. Dell Technologies shares have gained 68.8% in the year-to-date period.
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6c46e0f3-53bc-40a0-a087-8725951c03b7
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725268.0
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2023-10-17 00:00:00 UTC
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Microsoft (MSFT) to Report Q1 Earnings: What's in the Cards?
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DELL
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https://www.nasdaq.com/articles/microsoft-msft-to-report-q1-earnings%3A-whats-in-the-cards-0
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nan
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nan
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Microsoft MSFT is set to report first-quarter fiscal 2024 results on Oct 24.
The Zacks Consensus Estimate for revenues is pegged at $54.42 billion, indicating growth of 8.57% from the figure reported in the year-ago quarter.
The consensus mark for earnings has been unchanged at $2.65 per share over the past 30 days, suggesting 12.77% year-over-year growth.
Microsoft’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 5.27%.
Strength in Intelligent Cloud and Productivity and Business Processes driven by growth in Teams, Azure and other cloud services is expected to have aided top-line growth in the to-be-reported quarter.
Shares of MSFT have returned 36.7% and outperformed the broader Zacks Computer & Technology sector and its peers Dell Technologies DELL and Hewlett Packard HPE, which have gained 36.1%, 69.2% and 3.3%, respectively, in the year-to-date period. Shares of Zoom Video ZM have declined 7.4% in the same period.
Let’s see how things have shaped up for the upcoming announcement:
Microsoft Corporation Price and EPS Surprise
Microsoft Corporation price-eps-surprise | Microsoft Corporation Quote
Teams, Office 365 to Aid Productivity & Business Growth
The momentum witnessed for Teams, Microsoft’s workspace communication offering, might have acted as a tailwind in the to-be-reported quarter. Teams’ expanding customer base and features have been helping MSFT win shares in the enterprise communication market against Zoom. Teams’ user growth is expected to have been driven by the hybrid/flexible work model.
For the fiscal first quarter, Microsoft expects revenue growth in the Productivity and Business processes segment between 9% and 11% to a range of $18-$18.3 billion. Our model estimate is pegged at $18.26 billion, indicating growth of 10.9% year over year.
This Zacks Rank #3 (Hold) company expects Office 365 revenue growth to be 16% in constant currency (cc), which is in line with our model estimate. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MSFT expanded the availability of Microsoft 365 Copilot to a wider range of customers, which is expected to have boosted revenue growth.
Strong adoption of Dynamics 365 is expected to have driven top-line growth in the to-be-reported quarter. Our model estimate for Dynamic 365 is pegged at revenue growth of 29.5% at cc.
Microsoft and OpenAI's shared commitment to building generative artificial intelligence (AI) systems and products that are trustworthy and safe.
In the to-be-reported quarter, Microsoft entered into a groundbreaking agreement with KPMG, aiming to make AI a central component of professional services. The company also extended its partnership with Teladoc to incorporate AI in documenting patient visits.
A Silver Lining for the PC Market Even as Decline Continues
Revenues from Windows are likely to have been driven by steady traction seen in Windows Commercial products and cloud services growth amid improving personal computer (PC) demand.
After eight consecutive quarters of year-over-year decline, the PC market is showing initial signs of stabilization, including sequential growth from the previous quarter. Per Gartner report, PC shipments in the July-September 2023 quarter declined 9% year over year to 64.3 million units. The third-quarter PC shipment data shows a strong improvement from the second quarter when PC vendors had shipped 59.7 million units.
Among big PC vendors, Dell Technologies and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 14.2% to 10.3 million units, while Lenovo registered a 4.4% year-over-year decline in shipments to 16.1 million units. HPE registered a 6.4% year-over-year improvement in shipments to 13.5 million units.
For More Personal Computing, the company projects revenues between $12.5 billion and $12.9 billion, pressured by the persistent decline in the personal computer market. It expects Windows OEM revenues to decline in the low-to-mid teens range.
Our model estimate is pegged at $12.69 billion, indicating a decline of 4.7% from the figure reported in the year-ago quarter.
In the to-be-reported quarter, Microsoft launched a cost-effective tier for the Xbox Game Pass, an upgrade to the Xbox Live Gold. The company also reached an agreement with Sony to ensure that Call of Duty remains available on the PlayStation platform after completing its merger with Activision Blizzard.
For Intelligent Cloud, Microsoft anticipates revenues in cc to increase between 14% and 15% to a range of $23.3-$23.6 billion. In Azure, MSFT expects revenue growth in the band of 25-26% at cc.
Our model estimate is pegged at $23.3 billion, indicating growth of 15% from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of MSFT have returned 36.7% and outperformed the broader Zacks Computer & Technology sector and its peers Dell Technologies DELL and Hewlett Packard HPE, which have gained 36.1%, 69.2% and 3.3%, respectively, in the year-to-date period. Among big PC vendors, Dell Technologies and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 14.2% to 10.3 million units, while Lenovo registered a 4.4% year-over-year decline in shipments to 16.1 million units.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of MSFT have returned 36.7% and outperformed the broader Zacks Computer & Technology sector and its peers Dell Technologies DELL and Hewlett Packard HPE, which have gained 36.1%, 69.2% and 3.3%, respectively, in the year-to-date period. Among big PC vendors, Dell Technologies and Lenovo registered a decrease in shipments.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of MSFT have returned 36.7% and outperformed the broader Zacks Computer & Technology sector and its peers Dell Technologies DELL and Hewlett Packard HPE, which have gained 36.1%, 69.2% and 3.3%, respectively, in the year-to-date period. Among big PC vendors, Dell Technologies and Lenovo registered a decrease in shipments.
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Shares of MSFT have returned 36.7% and outperformed the broader Zacks Computer & Technology sector and its peers Dell Technologies DELL and Hewlett Packard HPE, which have gained 36.1%, 69.2% and 3.3%, respectively, in the year-to-date period. Among big PC vendors, Dell Technologies and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 14.2% to 10.3 million units, while Lenovo registered a 4.4% year-over-year decline in shipments to 16.1 million units.
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554703b4-30a6-4cdf-9ccf-aaf8ba8e4dfd
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725269.0
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2023-10-17 00:00:00 UTC
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Nice (NICE) Justice Transforms Alaska's Criminal Process
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DELL
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https://www.nasdaq.com/articles/nice-nice-justice-transforms-alaskas-criminal-process
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nan
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nan
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Nice NICE recently announced that the Alaska Department of Law has decided to deploy NICE Justice, a solution within the Evidencentral platform, marking a transformation in Alaska’s criminal justice system.
NICE Justice significantly improves efficiency and transparency by streamlining the digital evidence process across 13 Criminal Division offices, which handle 26,000 case referrals annually and play a crucial role in all state criminal prosecutions.
This criminal justice solution provides a unified portal for law enforcement agencies, using AI-driven tools like face detection and transcription to streamline evidence management, empowering legal professionals to focus on building strong cases with accurate and timely evidence.
Nice Price and Consensus
Nice price-consensus-chart | Nice Quote
NICE Benefits from a Robust Portfolio
NICE benefits from a robust portfolio and an expanding clientele. The company’s platforms, like Actimize, Evidencentral, CXone, Inform Elite, Robotic Process Automation and Investigate, have been gaining traction. The recently announced criminal justice solution will further boost top-line growth.
NICE’s solutions have been gaining traction among government agencies in recent times. NICE Justice, part of its Evidencentral platform, has been selected by the Office of the District Attorney of Allegheny County and the Douglas County District Attorney’s Office in Georgia.
NICE's recent partnership with the Douglas County District Attorney's Office for implementing NICE Justice highlights its commitment to efficient digital evidence management in modern law enforcement and the criminal justice system.
In September, NICE expanded the footprint of its Actimize portfolio by successfully implementing its financial crime solutions for GoTyme Bank (a partnership between the Gokongwei Group and Singapore-based digital banking group Tym), enhancing fraud prevention and supporting its innovative cloud-only banking approach in the Philippines.
NICE is also set to deploy NICE Inform Elite at the Ottawa Police Service in preparation for the nationwide rollout of Next Generation 911 services in Canada, facilitating advanced emergency communication capture and incident reconstruction.
Furthermore, NICE is making significant inroads in customer interactions, as evidenced by their recent agreement to acquire LiveVox, a strategic move designed to create a unified platform that thrives in the digital and AI-driven landscape.
For the third quarter of fiscal 2023, NICE anticipates revenues between $590 million and $600 million, suggesting a 7% year-over-year growth. The consensus mark for revenues is pegged at $594.58 million, indicating a 7.19% year-over-year growth.
For fiscal 2023, NICE anticipates total revenues between $2.353 billion and $2.373 billion, indicating an 8% growth at the midpoint compared with 2022.
The Zacks Consensus Estimate for earnings is pegged at $2.15 per share, up by a penny over the past 30 days, indicating 11.98% year-over-year growth.
Zacks Rank & Stocks to Consider
NICE currently has a Zacks Rank #3 (Hold).
The company’s shares have declined 13.7%, underperforming the Zacks Computer & Technology sector’s return of 37.8%.
NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NVDA, DELL and SPLK shares have gained 215.4%, 68.5% and 72.2%, respectively, year to date.
The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
Nice (NICE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). NVDA, DELL and SPLK shares have gained 215.4%, 68.5% and 72.2%, respectively, year to date. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). NVDA, DELL and SPLK shares have gained 215.4%, 68.5% and 72.2%, respectively, year to date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). NVDA, DELL and SPLK shares have gained 215.4%, 68.5% and 72.2%, respectively, year to date.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). NVDA, DELL and SPLK shares have gained 215.4%, 68.5% and 72.2%, respectively, year to date. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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b2c91d48-aa07-4505-a2e0-0e00abf66a1d
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725270.0
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2023-10-16 00:00:00 UTC
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Monday Momentum: 3 Stocks Pulling Back in an Uptrend
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DELL
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https://www.nasdaq.com/articles/monday-momentum%3A-3-stocks-pulling-back-in-an-uptrend
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nan
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nan
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Want to start the week ahead of the pack? Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
Today, we will be taking a look at the broad stock market indexes to summarize the action of the last few weeks, then we will take a look at theeconomic calendarto address any market moving data coming our way. And finally, I will share three compelling technical trade setups in stocks with top Zacks Ranks.
Earnings Season Begins
Something I forgot to mention in this morning's video is the dearth of earnings reports coming out this week. Earnings season begins in earnest this week and will be of critical importance to the market action this week.
Notable earnings this week are Bank of America BAC and Goldman Sachs GS on Tuesday. Tesla TSLA, Procter and Gamble PG, and Netflix NFLX on Wednesday. Taiwan Semiconductor TSM and Philip Morris PM on Thursday. And American Express AXP on Friday.
Broad Market
Many traders ended last week fearful of what may happen in the Middle East. On Friday, the price of crude rallied 6% and equities rolled over as traders hedged. But after the weekend, these markets remain tranquil. Although many investors are discounting the conflict abroad, the market often surprises most by rallying in the face of rising geopolitical tensions.
I believe there are more than enough bullish catalysts to carry this market higher through year end. Furthermore, the spike in fear at the end of last week created an opportunity to buy leading stocks on a pull back this week.
Image Source: TradingView
Trade Setups
This week, instead of highlighting any new trade setups, I want to focus on some of the ones from the last couple of weeks. These are still the leading stocks in the market, and now that they have pulled back, offer compelling trade setups.
Check out the setups in Amazon AMZN, Copart CPRT, Dell Technologies DELL, and Costco COST.
Image Source: TradingView
Bottom Line
Even the best trading setups fail. Although these stocks have numerous bullish catalysts in their favor, traders should always stick to a trading plan, and most importantly prioritize prudent risk management. Always know the maximum amount of money you can lose on a trade and respect your stop losses.
Best of luck this week!
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Copart, Inc. (CPRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Check out the setups in Amazon AMZN, Copart CPRT, Dell Technologies DELL, and Costco COST. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Copart, Inc. (CPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
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Check out the setups in Amazon AMZN, Copart CPRT, Dell Technologies DELL, and Costco COST. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Copart, Inc. (CPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: TradingView Trade Setups This week, instead of highlighting any new trade setups, I want to focus on some of the ones from the last couple of weeks.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Copart, Inc. (CPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Check out the setups in Amazon AMZN, Copart CPRT, Dell Technologies DELL, and Costco COST. Today, we will be taking a look at the broad stock market indexes to summarize the action of the last few weeks, then we will take a look at theeconomic calendarto address any market moving data coming our way.
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Check out the setups in Amazon AMZN, Copart CPRT, Dell Technologies DELL, and Costco COST. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Copart, Inc. (CPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Earnings season begins in earnest this week and will be of critical importance to the market action this week.
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a0f28e6e-3dec-4878-82e1-8c8e2e474568
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725271.0
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2023-10-16 00:00:00 UTC
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CGI Group (GIB) Revolutionizes Marine Corps with Metaverse
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DELL
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https://www.nasdaq.com/articles/cgi-group-gib-revolutionizes-marine-corps-with-metaverse
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nan
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nan
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CGI Group‘s GIB shares have returned 13.9% compared with the Zacks Computer-Services industry’s 5.7% on a year-to-date basis.
CGI is benefiting from an expanding clientele and strong partner base. The company benefits from its proximity-based business model combining its worldwide network of experts and capabilities with local accountability and end-to-end client services.
CGI’s recent announcement of successfully completing a real-time pilot conducted within a planetary-scale Metaverse environment. It involves the seamless integration of the Marine Corps Platform Integration Center (MCPIC) logistics and asset management systems with digital twins, which are virtual duplicates of tangible assets in a simulated world.
CGI's collaboration with Microsoft and Battle Road Digital reveals transformative potential, offering the Marine Corps advanced capabilities for enhanced training and operational efficiency through visualization, real-time monitoring, and predictive analytics.
This milestone extends beyond defense applications, unveiling prospects in urban planning, infrastructure development and federal disaster response by providing unparalleled insights, revolutionizing decision-making, and resource allocation to make a meaningful difference in lives.
CGI Group, Inc. Price and Consensus
CGI Group, Inc. price-consensus-chart | CGI Group, Inc. Quote
CGI’s Prospects Bright in 2023
CGI is positioned to leverage the ongoing wave of technology innovation, benefiting from the persistent digitalization trends amid challenging macroeconomic conditions. In the near term, the robust demand for its managed services and IP offerings is expected to be a driving force behind top-line growth.
The company’s managed services pipeline for industries like manufacturing, retail and energy and utilities is up more than 33% for the next year, while the IP pipeline is up 30%. Moreover, in government health care and insurance, CGI’s pipeline remains well balanced across consulting system integration and managed services and is up 20% year over year.
CGI has also been benefiting from solid demand for its business solutions. In the fiscal third quarter, the IP portfolio grew 12.4% year over year or 7.7% at constant currency. The number of consultants and professionals increased year over year by 3K, totaling 91,500 worldwide.
GIB's recent acquisition of Momentum Consulting bolsters its presence in Miami, adding 175 consultants and reinforcing its U.S. operations, which boast nearly 13,000 professionals across 80 offices.
CGI secures a 10-year, $143.5 million contract with the Administrative Office of the U.S. Courts, providing strategic consulting and digital transformation services with their innovative momentum solution.
Expanding clientele has been a key catalyst. CGI’s solutions were selected by the likes of the U.S. Environmental Protection Agency and Bankgirot (Sweden’s payments clearinghouse), a government ministry in Germany.
CGI also invests in developing AI-based solutions and services and plans to invest $1 billion over the next three years.
The Zacks Consensus Estimate for fiscal 2023 and fiscal 2024 revenues are pegged at $10.93 billion and $11.4 billion, indicating growth of 8.42% and 4.36%, respectively.
Zacks Rank & Stocks to Consider
Currently, CGI has a Zacks Rank #4 (Sell).
Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL, NVDA and SPLK shares have returned 69.2%, 211.1% and 71.8%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
CGI Group, Inc. (GIB) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 69.2%, 211.1% and 71.8%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CGI Group, Inc. (GIB) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. DELL, NVDA and SPLK shares have returned 69.2%, 211.1% and 71.8%, respectively, year-to-date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CGI Group, Inc. (GIB) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 69.2%, 211.1% and 71.8%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 69.2%, 211.1% and 71.8%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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63e7c419-69f9-4b95-9b13-46ab0d8ce51c
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725272.0
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2023-10-16 00:00:00 UTC
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4 Stocks That Moved the Market in September
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DELL
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https://www.nasdaq.com/articles/4-stocks-that-moved-the-market-in-september
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nan
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nan
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September was a rough month in the stock market, as the S&P 500 fell 4.9%. But investors can gain an advantage by understanding the forces that drove certain stocks higher or lower. You can prepare yourself for upcoming market trends by digging deeper beyond the headlines. It's always a good idea to review key trends to ensure that your portfolio allocation is aligned with long-term goals and short-term drivers. These four stocks had major moves last month that illustrate some of the important forces that are influencing the market right now.
1. Target
Target (NYSE: TGT) shares slumped by 12.6% in September thanks to a number of gloomy macroeconomic indicators and headlines. The monthly retail sales data showed weakness in consumer goods, especially automobiles and other durables. Transaction data released by payment processors also suggested a pullback in household spending.
That all coincided with an unexpected slowdown in new housing starts, which is a strongly negative indicator of consumer confidence. It's taken a long time, but high interest rates are finally translating to clear signs of consumer strain. Consumer budgets are tightening as a softening job market is combining with inflation, expensive borrowing costs, and higher lending standards.
That flurry of shaky economic data came on the heels of a tough quarterly earnings season for consumer stocks and retailers. Target was one of several large retailers that published disappointing financial results and gloomy forward-looking commentary in August. Top-line stagnation combined with profit margin compression to paint an ugly picture for cash flows over the next few quarters.
Image source: Getty Images.
Target was probably the highest-profile casualty of this trend, but there were several others that shared the drop. Dollar General and Dollar Tree both moved lower as investors grew concerned about their profit margins. Walmart stock held up much better, thanks to its ability to manage through weak periods, but it still dropped. A handful of retailers and consumer stocks were spared losses, but it's an overall bearish signal for the economy as a whole.
2. Boeing
Boeing (NYSE: BA) was another conspicuously weak performer in September, along with several of its major airline customers. The aircraft manufacturer provided forward-looking commentary at an investor conference that caused investors to doubt the company's ability to meet its previous forecasts for the full year.
Boeing sells low volumes of extremely high-cost items to customers that are highly sensitive to economic cycles. Boeing itself has high fixed costs and a debt-heavy balance sheet that that pulls more than $10 billion of cash out of the company in the form of interest and principal repayments.
Boeing also has almost $80 billion worth of inventory on its balance sheet, which can quickly become less liquid during tough times. These factors make the aerospace stock exceptionally sensitive to economic cycles and interest rates, and September's major economic news suggested that we should expect high interest rates and weak aggregate demand for multiple quarters to come.
Major airlines obviously have a different business model from Boeing, but they share some of the same characteristics and key business drivers. September's price charts for major airlines United, Delta, Southwest, and American Airlines were strikingly similar to one another and to Boeing last month, illustrating the powerful market forces that dictate performance for these sorts of companies. Debt-laden cyclical stocks are likely to remain volatile over the next few quarters.
BA data by YCharts
3. Nvidia
Nvidia's (NASDAQ: NVDA) 12% dip in September wasn't as extreme as some other stocks', but it exerts a ton of pressure on index performance with its trillion-dollar market cap. Semiconductor stocks struggled last month, thanks to growing concerns that demand is weaker than previously forecast, especially in artificial intelligence (AI) applications that have been fueling the sector's returns.
Losses among growth stocks and the tech sector outpaced the market average last month. The Nasdaq Composite index, which is generally heavier on tech and growth stocks, fell 5.8% in September, nearly a full percentage point more than the S&P. The pain was especially bad after the Fed's announcement that interest rates are likely to remain high for the foreseeable future.
Investor risk tolerance deteriorated in September, making it tough for stocks with lofty valuation ratios like Nvidia. The semiconductor powerhouse is the most glaring example of a wider market trend that points to overall bearish sentiment for the time being. Growth investors need to maintain a long-term strategy and prepare for volatility in the short term.
4. Dell
On the other side of the coin, Dell (NYSE: DELL) showed investors that there's still room for optimism in the stock market. Dell crushed Wall Street's revenue forecasts, and reported an upbeat outlook for the next year. That was in contrast to a gloomy report from its rival, HP, which had dampened expectations for all companies in the sector.
Dell's better-than-expected results and explicit focus on the opportunities created by AI were the fuel necessary for the stock to break free of broader market trends, soaring 22.5%.
Dell rose after reporting earnings, it capitalized on investor hype around AI, and it was bouncing back from previously lowered expectations. These were a very specific set of circumstances that caused the stock to overcome macro headwinds. While it won't always be that combination of catalysts, investors should still recognize that returns can be generated when companies report unexpected good news and stock valuations are reasonable.
The stock market might be volatile over the next few months, but it's not all doom and gloom. Stay allocated for long-term growth.
10 stocks we like better than Target
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Target wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of October 9, 2023
Ryan Downie has positions in Nvidia. The Motley Fool has positions in and recommends HP, Nvidia, Target, and Walmart. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell's better-than-expected results and explicit focus on the opportunities created by AI were the fuel necessary for the stock to break free of broader market trends, soaring 22.5%. Dell On the other side of the coin, Dell (NYSE: DELL) showed investors that there's still room for optimism in the stock market. Dell crushed Wall Street's revenue forecasts, and reported an upbeat outlook for the next year.
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Dell On the other side of the coin, Dell (NYSE: DELL) showed investors that there's still room for optimism in the stock market. Dell crushed Wall Street's revenue forecasts, and reported an upbeat outlook for the next year. Dell's better-than-expected results and explicit focus on the opportunities created by AI were the fuel necessary for the stock to break free of broader market trends, soaring 22.5%.
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Dell On the other side of the coin, Dell (NYSE: DELL) showed investors that there's still room for optimism in the stock market. Dell crushed Wall Street's revenue forecasts, and reported an upbeat outlook for the next year. Dell's better-than-expected results and explicit focus on the opportunities created by AI were the fuel necessary for the stock to break free of broader market trends, soaring 22.5%.
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Dell rose after reporting earnings, it capitalized on investor hype around AI, and it was bouncing back from previously lowered expectations. Dell On the other side of the coin, Dell (NYSE: DELL) showed investors that there's still room for optimism in the stock market. Dell crushed Wall Street's revenue forecasts, and reported an upbeat outlook for the next year.
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601721aa-7fc7-4f4f-b635-bfd99006d12b
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725273.0
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2023-10-13 00:00:00 UTC
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Cisco Systems (CSCO) Enhances European Data Sovereignty
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DELL
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https://www.nasdaq.com/articles/cisco-systems-csco-enhances-european-data-sovereignty
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nan
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nan
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Cisco Systems CSCO recently announced collaborations with Deutsche Telekom and Evidento to provide sovereign controls for European customers. This initiative aims to enhance data security for European customers using Webex.
Encryption keys for Webex Meetings, Messaging, and Calling User-Generated Information will be administered and hosted within Europe, reinforcing data security for businesses, educational institutions, healthcare providers, and government entities.
With these enhanced data security measures, users can benefit from the latest cloud and collaboration technologies. Webex's zero trust end-to-end encryption ensures data security during transit and storage.
Expanding Security Portfolio to Aid Prospect
Cisco is riding on the growing demand for its security, artificial intelligence, and cloud products. Its security portfolio benefits from the launch of new data loss prevention, firewall and zero trust capabilities.
Cisco Systems, Inc. Price and Consensus
Cisco Systems, Inc. price-consensus-chart | Cisco Systems, Inc. Quote
Cisco shares have returned 13.1% year to date, outperforming the Zacks Computer – Networking industry’s growth of 11.2% but underperforming the Zacks Computer & Technology sector’s return of 38.9%.
Cisco’s investments across the security business, focusing on cloud-based and AI-driven offerings, are expected to drive growth. Expanding growth opportunities for low-power-consuming technologies, including IoT, Silicon One and Power over Ethernet, bodes well for the company’s prospects.
In September, Cisco announced the acquisition of Splunk SPLK for $28 billion, a strategic move to enhance AI, security, and observability strengths, ensuring digital resilience and streamlined data management.
Adding Splunk will help expand Cisco’s footprint in the cybersecurity domain and accelerate its strategy of securely connecting everything.
Cisco also introduced Secure Application on the Full-Stack Observability Platform, enhancing security for cloud-native and hybrid applications, addressing vulnerabilities, and reducing security risks.
For first-quarter fiscal 2024, Cisco expects revenues between $14.5 billion and $14.7 billion. The Zacks Consensus Estimate for the current quarter is pegged at $14.61 billion, suggesting a year-over-year growth of 7.18%.
The Zacks Consensus Estimate for fiscal 2024 revenues are pegged at $57.74 billion, indicating a 1.3% year-over-year growth.
Zacks Rank & Stocks to Consider
Currently, CSCO has Zacks Rank #3 (Hold).
Dell Technologies DELL and NVIDIA NVDA are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL and NVDA shares have returned 71.7% and 220.7%, respectively, year to date.
Long-term earnings growth rates for Dell Technologies and NVIDIA are pegged at 12% and 13.5%, respectively.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL and NVIDIA NVDA are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). DELL and NVDA shares have returned 71.7% and 220.7%, respectively, year to date. Long-term earnings growth rates for Dell Technologies and NVIDIA are pegged at 12% and 13.5%, respectively.
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Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL and NVIDIA NVDA are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). DELL and NVDA shares have returned 71.7% and 220.7%, respectively, year to date.
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Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL and NVIDIA NVDA are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). DELL and NVDA shares have returned 71.7% and 220.7%, respectively, year to date.
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Dell Technologies DELL and NVIDIA NVDA are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). DELL and NVDA shares have returned 71.7% and 220.7%, respectively, year to date. Long-term earnings growth rates for Dell Technologies and NVIDIA are pegged at 12% and 13.5%, respectively.
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26dc5ec0-fabd-4e57-9165-1e1a3f1682f5
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725274.0
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2023-10-13 00:00:00 UTC
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Are Computer and Technology Stocks Lagging Dell Technologies (DELL) This Year?
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DELL
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https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-dell-technologies-dell-this-year
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nan
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nan
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Dell Technologies (DELL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Dell Technologies is a member of our Computer and Technology group, which includes 629 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DELL's full-year earnings has moved 16.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, DELL has gained about 71.7% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 39% on average. As we can see, Dell Technologies is performing better than its sector in the calendar year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Palo Alto Networks (PANW). The stock has returned 86.8% year-to-date.
The consensus estimate for Palo Alto Networks' current year EPS has increased 35.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dell Technologies belongs to the Computers - IT Services industry, which includes 39 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, this group has gained an average of 17.4% so far this year, meaning that DELL is performing better in terms of year-to-date returns.
Palo Alto Networks, however, belongs to the Internet - Software industry. Currently, this 148-stock industry is ranked #78. The industry has moved +51.1% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Dell Technologies and Palo Alto Networks. These stocks will be looking to continue their solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Has Dell Technologies (DELL) been one of those stocks this year? Dell Technologies is a member of our Computer and Technology group, which includes 629 different companies and currently sits at #7 in the Zacks Sector Rank. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
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Looking more specifically, Dell Technologies belongs to the Computers - IT Services industry, which includes 39 individual stocks and currently sits at #36 in the Zacks Industry Rank. Investors with an interest in Computer and Technology stocks should continue to track Dell Technologies and Palo Alto Networks. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking more specifically, Dell Technologies belongs to the Computers - IT Services industry, which includes 39 individual stocks and currently sits at #36 in the Zacks Industry Rank. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. Has Dell Technologies (DELL) been one of those stocks this year?
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Has Dell Technologies (DELL) been one of those stocks this year? Dell Technologies is a member of our Computer and Technology group, which includes 629 different companies and currently sits at #7 in the Zacks Sector Rank. Investors with an interest in Computer and Technology stocks should continue to track Dell Technologies and Palo Alto Networks.
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034c2cfd-e747-4b7b-a85e-a90acc004c8e
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725275.0
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2023-10-13 00:00:00 UTC
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Want Better Returns? Don?t Ignore These 2 Computer and Technology Stocks Set to Beat Earnings
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DELL
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https://www.nasdaq.com/articles/want-better-returns-dont-ignore-these-2-computer-and-technology-stocks-set-to-beat-11
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nan
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nan
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Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Qorvo?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Qorvo (QRVO) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $1.85 a share 19 days away from its upcoming earnings release on November 1, 2023.
By taking the percentage difference between the $1.85 Most Accurate Estimate and the $1.77 Zacks Consensus Estimate, Qorvo has an Earnings ESP of +4.46%. Investors should also know that QRVO is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
QRVO is just one of a large group of Computer and Technology stocks with a positive ESP figure. Dell Technologies (DELL) is another qualifying stock you may want to consider.
Slated to report earnings on November 20, 2023, Dell Technologies holds a #1 (Strong Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.49 a share 38 days from its next quarterly update.
The Zacks Consensus Estimate for Dell Technologies is $1.47, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +1.14%.
Because both stocks hold a positive Earnings ESP, QRVO and DELL could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Qorvo, Inc. (QRVO) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) is another qualifying stock you may want to consider. Slated to report earnings on November 20, 2023, Dell Technologies holds a #1 (Strong Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.49 a share 38 days from its next quarterly update. The Zacks Consensus Estimate for Dell Technologies is $1.47, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +1.14%.
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Slated to report earnings on November 20, 2023, Dell Technologies holds a #1 (Strong Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.49 a share 38 days from its next quarterly update. Click to get this free report Qorvo, Inc. (QRVO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) is another qualifying stock you may want to consider.
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Click to get this free report Qorvo, Inc. (QRVO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) is another qualifying stock you may want to consider. Slated to report earnings on November 20, 2023, Dell Technologies holds a #1 (Strong Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.49 a share 38 days from its next quarterly update.
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Slated to report earnings on November 20, 2023, Dell Technologies holds a #1 (Strong Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.49 a share 38 days from its next quarterly update. The Zacks Consensus Estimate for Dell Technologies is $1.47, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +1.14%. Dell Technologies (DELL) is another qualifying stock you may want to consider.
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02a2ce90-6c8a-4a47-bb3e-69bf3f4df6f0
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725276.0
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2023-10-12 00:00:00 UTC
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C3.ai (AI) Enhances Energy Sector with Shell Collaboration
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DELL
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https://www.nasdaq.com/articles/c3.ai-ai-enhances-energy-sector-with-shell-collaboration
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nan
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nan
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C3.ai AI recently joined forces with Shell to bolster its reliability application by incorporating its advanced predictive maintenance software. This partnership marks a notable advancement in predictive maintenance and asset monitoring within the energy sector.
Shell's advanced models and predictive functionalities are now seamlessly integrated into the C3.ai reliability application. This collaboration underscores Shell's ongoing commitment to C3 AI's program. It will streamline offerings within the Open AI Energy Initiative (OAI Energy) marketplace, making AI solutions more accessible to the energy and process industries.
Expanding Clientele to Boost C3.ai’s Prospects
C3.ai's expanding clientele, including its involvement in initiatives like the Open AI Energy Initiative, drives portfolio expansion. Shares of C3.ai have increased 138.9% year to date compared with the Zacks Computer & Technology sector’s rise of 37.5% during the same time frame.
Within the Open AI Energy Initiative, C3.ai's collaboration with KONGSBERG, Microsoft, Databricks, and Shell Global Solutions B.V., has produced a digital twin solution that is set to elevate the efficiency of energy industry processes through AI-driven remote operations and real-time asset performance visualization, thereby supporting Shell's digital transformation efforts.
C3.ai's partnership with Shell has significantly expanded, with their predictive maintenance program now monitoring nearly 20,000 equipment pieces, potentially saving over $2 billion annually and preventing costly disasters such as offshore oil rod failures.
C3.ai, Inc. Price and Consensus
C3.ai, Inc. price-consensus-chart | C3.ai, Inc. Quote
Recently, C3.ai and ESG Book have joined forces to transform sustainability insights and empower enterprise ESG teams with AI-driven tools, addressing data challenges and meeting the rising demand for quality ESG and climate data.
In the fiscal first quarter, C3.ai entered into new and expanded agreements with Saudi Arabia's Smart City, NEOM, Nucor, Roche, Pantaleon in Central America, Ball, Cargill, Con Ed, Shell, Tyson 74Foods, and the U.S. Department of Defence.
A robust portfolio has been a key catalyst in driving AI’s growth. The company introduced the C3 Generative AI Suite with 28 domain-specific solutions, building on its successful deployments with clients like Georgia-Pacific, Nucor and Con Edison. The suite also addresses security concerns associated with large language models.
AI’s partnership with Koch generated nearly $4 million in monthly predictions across 300+ assets, yielding up to 5% improvements in equipment effectiveness at Georgia-Pacific while initiating two Generative AI projects to streamline data processing.
C3.ai closed 60% of its agreements with and through its partner network, which includes Google Cloud, AWS, Microsoft and Booz Allen Hamilton.
For the second quarter of fiscal 2024, AI expects total revenues between $72 million and $76.5 million. The Zacks Consensus Estimate for the second quarter is currently pegged at $74.55 million, suggesting a year-over-year growth of 19.45%.
The Zacks Consensus Estimate for fiscal 2024 revenues is pegged at 307.99 million, indicating growth of 15.44%.
Zacks Rank & Stocks to Consider
Currently, AI carries a Zacks Rank #3 (Hold).
Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
C3.ai, Inc. (AI) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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4b0eddd2-45c5-4591-97b4-51955b5dd81e
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725277.0
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2023-10-12 00:00:00 UTC
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ON Semiconductor (ON) Enhances Imaging With Hyperlux LP
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DELL
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https://www.nasdaq.com/articles/on-semiconductor-on-enhances-imaging-with-hyperlux-lp
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nan
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nan
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ON Semiconductor ON recently introduced the Hyperlux LP image sensor family designed for industrial and commercial cameras, offering exceptional image quality, low power consumption, and compact form factors.
ON’s innovative technology caters to the surging demand for security cameras, enhancing image quality and battery life, making it ideal for applications ranging from smart doorbells to machine vision.
The sensors also incorporate features like Wake on Motion and Smart Region of Interest (ROI), enabling efficient power management and improved image capture, making them a significant advancement in imaging solutions for diverse applications.
Expanding Portfolio & Partner Base Aids Growth
ON shares have returned 52.7% year to date, outperforming the Zacks Computer and Technology sector’s growth of 37.5%. The outperformance can be attributed to its diverse portfolio offering in automotive and industrial end-markets.
ON Semiconductor Corporation Price and Consensus
ON Semiconductor Corporation price-consensus-chart | ON Semiconductor Corporation Quote
ON is winning market share in the automotive segment with its silicon carbide dominance and intelligent power and sensing solutions.
ON’s dominant position in silicon carbide has been a major factor driving its strong partner base with automotive companies like BMW AG and Volkswagen, thereby driving growth.
BMW AG selected ON’s EliteSiC technology to support range extension for their next-generation electric vehicles. They collaborated to equip their future electric drivetrains with silicon carbide technology and increase efficiency and system-level performance.
Volkswagen also partnered with ON to use EliteSiC technology in its electric vehicles. Its EliteSiC 1200 V silicon carbide power module supports VW models' front and rear traction inverters.
Moreover, ON Semiconductor has recently inked over $3 billion worth of new Long-Term Supply Agreements (LTSAs) for silicon carbide.
ON Semiconductor and Magna have entered into a long-term supply agreement (LTSA) to incorporate ON Semiconductor's EliteSiC intelligent power solutions into Magna's eDrive systems, enhancing electric vehicle efficiency and performance.
Additionally, ON Semiconductor has extended its silicon carbide partnership with BorgWarner, integrating EliteSiC power devices into power modules set to enhance EV power density and efficiency, amounting to $1 billion in committed revenues.
However, persistent macroeconomic constraints, weakening demand and inventory corrections are expected to hurt ON in the near term.
For the third quarter of fiscal 2023, ON anticipates revenues between $2.095 billion and $2.195 billion. The Zacks Consensus Estimate for the current quarter is pegged at $2.15 billion, indicating a decline of 2.10% year over year.
The Zacks Consensus estimate for earnings has remained unchanged at $1.35 per share in the past 30 days, indicating a year-over-year fall of 6.90%.
Zacks Rank & Other Stocks to Consider
Currently, ON has Zacks Rank #2 (Buy).
Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some other top-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
ON Semiconductor Corporation (ON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some other top-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1. DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report ON Semiconductor Corporation (ON) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some other top-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1. DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report ON Semiconductor Corporation (ON) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some other top-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1. DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some other top-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1. DELL, NVDA and SPLK shares have returned 74.9%, 221.1% and 71%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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f424191c-6d1c-490a-a3b1-6220d4e05537
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725278.0
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2023-10-11 00:00:00 UTC
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AMD Expands Open AI Software Capabilities With Nod.ai Buyout
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DELL
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https://www.nasdaq.com/articles/amd-expands-open-ai-software-capabilities-with-nod.ai-buyout
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nan
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nan
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Advanced Micro Devices AMD is expanding its open AI software capabilities with the recently announced acquisition of Nod.ai, a provider of compiler-based automation software.
The deal will add a vastly experienced team capable of developing software-driven technology to accelerate the deployment of AI solutions suitable for AMD’s Instinct data center accelerators, Ryzen AI processors, EPYC processors, Versal SoCs and Radeon GPUs.
Nod.ai’s offering includes SHARK software that reduces the need for manual optimization. It also helps in lowering the time required to deploy highly performant AI models to run across data center, edge and client platforms powered by AMD’s CDNA, XDNA, RDNA and Zen architectures.
The acquisition is expected to strengthen AMD’s competitive position against NVIDIA NVDA in the software market. NVIDIA, through its CUDA toolkit, offers a development environment for creating high-performance GPU-accelerated applications.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD Benefits From Strong Portfolio & Partner Base
AMD is facing intense competition in the AI-chip market, which is currently led by NVIDIA. AMD shares have returned 68.3%, outperforming the Zacks Computer & Technology sector’s growth of 37% on a year-to-date basis but underperforming NVIDIA’s whopping return of 213.4%.
AMD benefits from a robust product portfolio and expanding partner base. It continues to strengthen its footprint in the enterprise data center arena by leveraging the power of fourth-generation EPYC CPUs and Pensando data processing units.
AMD, along with its partners, continues to offer solutions that enable greater data center consolidation. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts.
Cloud providers like Microsoft, AWS, Alibaba and Oracle deployed Genoa in the second quarter of 2023. Microsoft Azure announced the first Genoa-X HPC instances that offer more than five times higher performance in technical computing workloads compared to their prior generation.
Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to intelligently monitor their systems and deliver more efficient computing services.
Currently, there are more than 670 AMD-powered cloud instances publicly available, and this number is expected to grow 30% to 900 by the end of 2023, primarily due to the adoption of Genoa.
Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms in the current quarter. This is expected to boost AMD’s prospects, which currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, the availability of Bergamo is crucial, as several server providers like Dell, HPE, Lenovo and Supermicro are set to launch their new Bergamo-based platforms in the current quarter. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server.
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Its partnerships with the likes of Dell Technologies DELL, Microsoft MSFT, Amazon Web Services (“AWS”), Alibaba and Oracle have been key catalysts. Dell is leveraging AMD EPYC fourth-generation CPUs in its latest PowerEdge C6615 server. In combination with OpenManage Enterprise software, Dell servers enable cloud service providers to intelligently monitor their systems and deliver more efficient computing services.
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764ffa0b-63d9-4f0a-b222-62fb8f2228c6
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725279.0
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2023-10-11 00:00:00 UTC
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Validea's Top Information Technology Stocks Based On Joel Greenblatt - 10/11/2023
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DELL
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https://www.nasdaq.com/articles/valideas-top-information-technology-stocks-based-on-joel-greenblatt-10-11-2023
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nan
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nan
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The following are the top rated Information Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. The Company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Its ISG segment enables the Company's customers' digital transformation with solutions that address the fundamental shift to multi-cloud environments, machine learning, artificial intelligence, and data analytics. The Company's storage portfolio includes traditional as well as next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyperconverged infrastructure, and software-defined storage. This segment also offers attached software, peripherals, and services. The CSG segment includes sales to commercial and consumer customers of branded hardware and branded peripherals, as well as services and third-party software and peripherals.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
CISCO SYSTEMS INC (CSCO) is a large-cap growth stock in the Communications Equipment industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. It is integrating its platforms across networking, security, collaboration, applications and the cloud. Its segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its product categories include Secure, Agile Networks; Internet for the Future; Collaboration; End-to-End Security; Optimized Application Experiences, and Other Products. Secure, Agile Networks consists of its core networking technologies of switching, enterprise routing, wireless, and compute products. Internet for the Future consists of its routed optical networking, public fifth generation (5G), silicon, and optics solutions. Collaboration consists of its meetings, collaboration devices, calling, contact center and communication platform as a service (CPaaS) offering. End-to-End Security consists of cloud and application security, industrial security and other offering.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of CISCO SYSTEMS INC
CSCO Guru Analysis
CSCO Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap growth stock in the Communications Equipment industry.
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Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap growth stock in the Communications Equipment industry. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap growth stock in the Communications Equipment industry. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services.
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Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap growth stock in the Communications Equipment industry.
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2464e4bf-4d4b-49f3-b464-3705e225c260
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725280.0
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2023-10-11 00:00:00 UTC
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Is Dell Technologies (DELL) Stock Undervalued Right Now?
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DELL
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https://www.nasdaq.com/articles/is-dell-technologies-dell-stock-undervalued-right-now
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 10.09, which compares to its industry's average of 30.06. Over the last 12 months, DELL's Forward P/E has been as high as 11.95 and as low as 4.80, with a median of 7.53.
Investors will also notice that DELL has a PEG ratio of 0.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DELL's PEG compares to its industry's average PEG of 2.23. Over the past 52 weeks, DELL's PEG has been as high as 1 and as low as 0.40, with a median of 0.63.
Science Applications International (SAIC) may be another strong Computers - IT Services stock to add to your shortlist. SAIC is a # 2 (Buy) stock with a Value grade of A.
Furthermore, Science Applications International holds a P/B ratio of 3.19 and its industry's price-to-book ratio is 20.39. SAIC's P/B has been as high as 3.83, as low as 3, with a median of 3.41 over the past 12 months.
These are just a handful of the figures considered in Dell Technologies and Science Applications International's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that DELL and SAIC is an impressive value stock right now.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Science Applications International Corporation (SAIC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One stock to keep an eye on is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. Over the last 12 months, DELL's Forward P/E has been as high as 11.95 and as low as 4.80, with a median of 7.53.
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These are just a handful of the figures considered in Dell Technologies and Science Applications International's great Value grade. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is Dell Technologies (DELL).
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One stock to keep an eye on is Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report To read this article on Zacks.com click here. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
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One stock to keep an eye on is Dell Technologies (DELL). Investors will also notice that DELL has a PEG ratio of 0.84. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
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725281.0
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2023-10-11 00:00:00 UTC
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Global PC Shipment Falls in Q3: Recovery Expected Soon
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DELL
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https://www.nasdaq.com/articles/global-pc-shipment-falls-in-q3%3A-recovery-expected-soon
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nan
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nan
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The decline in global personal computer (PC) shipments continues for the eighth consecutive quarter, according to the latest data compiled by Gartner. Per the preliminary data released by the market research firm, PC shipments in the July-September 2023 quarter plunged 9% year over year to 64.3 million units.
Q3 Data Shows Signs of Stabilization
The third-quarter shipment data shows a strong improvement from the second quarter when PC vendors had shipped 59.7 million units. The sequential improvement in PC shipments can be seen as an initial sign of stabilization in the PC market.
Mikako Kitagawa, the Director Analyst at Gartner, stated, “There is evidence that the PC market’s decline has finally bottomed out.” She further noted, “Vendors also made consistent progress towards reducing PC inventory, with inventory expected to return to normal by the end of 2023, as long as holiday sales do not collapse.”
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
In 2020 and 2021, PC manufacturers had benefited from the increased demand amid the pandemic-induced remote-working and online learning wave. The pandemic necessitated using PC systems for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming or online shopping.
However, consumers have become more cautious about their spending due to inflationary pressure, rising interest rates and fears of a possible recession. Furthermore, enterprises are delaying their large IT spending amid macroeconomic challenges.
Vendor-Wise Performance
Per the data compiled by Gartner, all top vendors, except HP Inc. HPQ, registered a decline in their PC shipments in the third quarter. HP Inc. delivered 13.53 million PCs in the third quarter, reflecting a 6.4% increase from the year-ago quarter.
Apple AAPL registered the steepest decline, with PC shipments falling 24.2% year over year to $6.27 million units. The decline was mainly due to a tough year-over-year comparison as the company witnessed a strong increase in volume growth in the third quarter of 2022, driven by improved supply-chain issues due to lockdown ease in China.
Dell Technologies’ DELL shipment fell 14.2% year over year to 10.32 million units, mainly due to weakness in enterprise PC demand, where it has a strong presence. Lenovo LNVGY shipped 16.15 million PCs during the quarter, down 4.4% from the year-earlier quarter.
ASUS and Acer both registered a year-over-year decline in their PC shipments. While ASUS’ PC shipments fell 11.5% to 4.88 million units, Acer’s shipments dropped 2.4% to 4.39 million PCs.
Per Gartner, Lenovo continues to hold the top spot on the vendor list, followed by HP and Dell with a market share of 25.1%, 21% and 16.1%, respectively. Apple, ASUS and Acer ended the July-September quarter with a market share of 9.7%, 7.6% and 6.8%, respectively.
PC Market Recovery Expected Soon
Gartner pointed out that the worst could be over for vendors by the end of 2023, and PC market recovery can be seen in 2024 due to increased demand, driven by the PC refreshment cycle. Mikako stated, “The business PC market is ready for the next replacement cycle, driven by the Windows 11 upgrades. Consumer PC demand should also begin to recover as PCs purchased during the pandemic are entering the early stages of a refresh cycle.”
Garter forecast that PC shipments would grow 4.9% in 2024, driven by increased shipments across both the business and consumer segments.
Additionally, we believe that inventories coming near healthy levels and the growing interest in generative artificial intelligence-enabled PCs might give a fresh boost to PC demand in the years ahead.
Of the leading vendors, Dell sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Meanwhile, Apple and HP Inc. each have a Zacks Rank #3 (Hold). Lenovo carries a Zacks Rank #4 (Sell).
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies’ DELL shipment fell 14.2% year over year to 10.32 million units, mainly due to weakness in enterprise PC demand, where it has a strong presence. Per Gartner, Lenovo continues to hold the top spot on the vendor list, followed by HP and Dell with a market share of 25.1%, 21% and 16.1%, respectively. Of the leading vendors, Dell sports a Zacks Rank #1 (Strong Buy).
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies’ DELL shipment fell 14.2% year over year to 10.32 million units, mainly due to weakness in enterprise PC demand, where it has a strong presence. Per Gartner, Lenovo continues to hold the top spot on the vendor list, followed by HP and Dell with a market share of 25.1%, 21% and 16.1%, respectively.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies’ DELL shipment fell 14.2% year over year to 10.32 million units, mainly due to weakness in enterprise PC demand, where it has a strong presence. Per Gartner, Lenovo continues to hold the top spot on the vendor list, followed by HP and Dell with a market share of 25.1%, 21% and 16.1%, respectively.
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Dell Technologies’ DELL shipment fell 14.2% year over year to 10.32 million units, mainly due to weakness in enterprise PC demand, where it has a strong presence. Per Gartner, Lenovo continues to hold the top spot on the vendor list, followed by HP and Dell with a market share of 25.1%, 21% and 16.1%, respectively. Of the leading vendors, Dell sports a Zacks Rank #1 (Strong Buy).
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c9550e94-b3b7-4731-a450-5b765f97e76b
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725282.0
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2023-10-11 00:00:00 UTC
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Whether or Not Nvidia Wins the Artificial Intelligence Wars, These 3 Stocks Will Benefit
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DELL
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https://www.nasdaq.com/articles/whether-or-not-nvidia-wins-the-artificial-intelligence-wars-these-3-stocks-will-benefit
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nan
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nan
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Much of the artificial intelligence enthusiasm has settled on Nvidia (NASDAQ: NVDA) stock, and for good reason. Nvidia is the outright leader in AI GPUs needed for the massive parallel processing of AI models.
However, many large semiconductor and cloud giants are now gunning for Nvidia's lead. After Nvidia's massive 213% rise this year, investors are now debating as to whether the chip giant can maintain its first-mover advantage and sky-high margins.
But whether or not Nvidia can fend off the competition, the artificial intelligence trend seems here to stay. And whichever chip giant comes out on top, the following three stocks will benefit... probably quite handsomely.
Image source: Getty Images.
Applied Materials
Every semiconductor that gets produced must do so via multiple manufacturing steps executed by semiconductor equipment. This semiconductor equipment industry is also technologically complex and fairly consolidated. That means for each step of the process, there are really only one to three competitive vendors, making it an attractive industry to invest in.
Applied Materials (NASDAQ: AMAT) has the largest and broadest portfolio in semiconductor equipment, participating in a number of these steps. Therefore, it stands to benefit from increasing complexity and capital intensity due to the AI revolution.
For instance, Applied's main etch and deposition business should get a significant boost on the 2nm node, set to come out in 2025. On the 2nm node, all major chipmakers will transition from a FinFET transistor architecture to a Gate-all-around (GAA) architecture, in which transistors can be "stacked" vertically and surrounded on all sides by the gate. That will lead to an increase in performance and power-efficiency, but will require more selective etch intensity as well.
Image source: Applied Materials.
Applied thinks the GAA transition is a $1 billion incremental opportunity alone. But because Applied touches lots of different process steps, there will be more expansion opportunities similar to GAA.
For instance, chipmakers are introducing backside power architectures on chips, which frees up room for more transistors on the "front." Then there is also advanced packaging, needed to produce, "chiplet" architectures, such as those in Advanced Micro Devices' MI300 AI accelerator. And Applied Materials even has a strong business in lagging-edge power semiconductors used in electrification and Internet of Things applications.
As long as semiconductors continue to grow and computing intensity goes up, Applied should continue to benefit.
Cadence Design Systems
Just as all chips depend on a handful of semiconductor equipment companies, all chip designers typically rely on one of only two large software companies to design integrated circuits -- and one of those lucky companies is Cadence Design Systems (NASDAQ: CDNS).
With the artificial intelligence wars kicking into high gear and numerous players diving headlong into the chipmaking race, it's a pretty safe bet that there will be more and more chip designers. In fact, over the past decade, Cadence has not only seen revenue growth, but a general revenue acceleration.
CDNS Revenue (Quarterly YoY Growth) data by YCharts
And unlike a lot of other unprofitable cloud software-as-a-service stocks, Cadence is solidly profitable, with GAAP operating margins in the low-to-mid 30% range. In fact, Cadence is even lowering its share count via stock buybacks as it pursues growth, increasing shareholders' percentage of the business every year. Higher profits combined with a declining share count is a recipe for long-term shareholder returns.
Given that chipmaking complexity is likely to continue thanks to AI and other chip-intensive applications, Cadence should have much higher earnings and a much lower share count by the end of this decade.
Super Micro Computer
Unlike the prior two companies that operate in duopoly or oligopoly industries, server-maker Super Micro Computer (NASDAQ: SMCI) operates in the much more competitive and fragmented server market.
So how does it fit in with eventual AI winners? Because Super Micro has been cementing a unique business model ideally positioned for AI, which competitors may find hard to replicate.
In the server industry, there are expensive "high end" OEMs like Dell Technologies and Hewlett Packard Enterprise, with standardized models that usually serve enterprises. On the low end are ODMs, usually based in Asia, that sell "white labeled," server parts that are often designed and assembled by tech-savvy customers such as big cloud computing giants.
In the middle is Super Micro, which used to essentially be a U.S.-based ODM. But over the years, Super Micro pivoted to a model that straddles both OEMs and ODMs. The model produces optimized server "building blocks," which Super Micro can then assemble into complete, complex, customized systems. So, you can think of building blocks akin to "legos."
The building-block system has a number of advantages, such as the ability for the customer to customize systems exactly how it wants, as well as the ability to swap out parts of a system instead of the entire server. Instead of customers buying from ODMs and constructing the systems themselves, Super Micro also does a lot of the complex integration work. In fact, Super Micro can install entire rack-scale systems, allowing customers to merely plug in a system into both a power and data source, and have the system work instantly. And because Super Micro is based in Silicon Valley with close relationships with all major chipmakers, it is often first-to-market.
Finally, Super Micro has also been at the forefront of power-efficient server designs for years, citing the ability to reduce electricity needs through its highly efficient servers and cooling systems.
Mass customization, a faster time-to-market, and electricity cost savings are each highly sought-after attributes among AI players. That's why some analysts estimate Super Micro's share of AI servers jumped from 7% to 17% in just the last quarter.
While Super Micro has a close relationship with Nvidia, should another chipmaker eventually make inroads and gain AI market share, that chip will still likely be deployed in Super Micro Computer servers in volume.
10 stocks we like better than Super Micro Computer
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Super Micro Computer wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of October 9, 2023
Billy Duberstein has positions in Applied Materials and Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Applied Materials, Cadence Design Systems, and Nvidia. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the server industry, there are expensive "high end" OEMs like Dell Technologies and Hewlett Packard Enterprise, with standardized models that usually serve enterprises. With the artificial intelligence wars kicking into high gear and numerous players diving headlong into the chipmaking race, it's a pretty safe bet that there will be more and more chip designers. CDNS Revenue (Quarterly YoY Growth) data by YCharts And unlike a lot of other unprofitable cloud software-as-a-service stocks, Cadence is solidly profitable, with GAAP operating margins in the low-to-mid 30% range.
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In the server industry, there are expensive "high end" OEMs like Dell Technologies and Hewlett Packard Enterprise, with standardized models that usually serve enterprises. The model produces optimized server "building blocks," which Super Micro can then assemble into complete, complex, customized systems. See the 10 stocks *Stock Advisor returns as of October 9, 2023 Billy Duberstein has positions in Applied Materials and Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer.
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In the server industry, there are expensive "high end" OEMs like Dell Technologies and Hewlett Packard Enterprise, with standardized models that usually serve enterprises. Super Micro Computer Unlike the prior two companies that operate in duopoly or oligopoly industries, server-maker Super Micro Computer (NASDAQ: SMCI) operates in the much more competitive and fragmented server market. While Super Micro has a close relationship with Nvidia, should another chipmaker eventually make inroads and gain AI market share, that chip will still likely be deployed in Super Micro Computer servers in volume.
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In the server industry, there are expensive "high end" OEMs like Dell Technologies and Hewlett Packard Enterprise, with standardized models that usually serve enterprises. On the 2nm node, all major chipmakers will transition from a FinFET transistor architecture to a Gate-all-around (GAA) architecture, in which transistors can be "stacked" vertically and surrounded on all sides by the gate. Instead of customers buying from ODMs and constructing the systems themselves, Super Micro also does a lot of the complex integration work.
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162a360c-9d51-4d1a-a4a3-348a3f46c78b
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725283.0
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2023-10-10 00:00:00 UTC
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Alteryx's (AYX) Expanding Portfolio to Drive Top-Line Prospects
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DELL
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https://www.nasdaq.com/articles/alteryxs-ayx-expanding-portfolio-to-drive-top-line-prospects
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nan
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nan
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Alteryx AYX is expanding its generative AI portfolio, powered by the AiDIN solution. The company recently expanded its AiDIN portfolio with the launch of AI Studio, one of the industry's first deployment-agnostic interfaces that is purpose-built for no-code users to leverage generative AI.
Alteryx AiDIN innovations will help enterprises incorporate custom business data into large language models (LLMs) in a governed manner to drive operational agility and deliver competitive advantage.
Powered by Alteryx AiDIN, the new Alteryx AI Studio is designed to give organizations the power to select an LLM of their choice from a list of available options. Alteryx AI Studio’s smooth integration with Alteryx Designer helps customers easily consume their models through existing workflows and construct applications with a conversational interface.
Alteryx AiDIN also launched the Auto Insights feature, Playbooks. This solution makes it faster and easier to get insights from data by using generative AI to automate the initial stages of the analytics delivery process.
Expanding Portfolio to Aid Alteryx’s Prospects
Alteryx shares have declined 27% year to date, underperforming the Zacks Computer & Technology sector’s growth of 36.3%. It has suffered from a challenging macroeconomic environment and delayed buying behavior of consumers.
Alteryx, Inc. Price and Consensus
Alteryx, Inc. price-consensus-chart | Alteryx, Inc. Quote
Nevertheless, growing demand for the Alteryx Analytics platform, which comprises AiDIN, is expected to boost prospects in the long haul. AiDIN’s innovative offerings, including AI Workbench, Multimodal and other capabilities, including Magic Documents, Workflow Summary for Alteryx Designer, and an OpenAIConnector, have been game changers.
AI Workbench is designed to leverage Alteryx’s data analytics expertise to help its customers responsibly introduce generative AI in LLMs into their enterprise. AI Workbench is capable of training models with their customer data and proper governance and security.
Moreover, the Multimodal solution facilitates collaboration between multiple personas by different interfaces, including designer, coding or simplified whiteboard.
Alteryx’s alliances with companies like Snowflake and Google Cloud Platform extend the value of Alteryx Analytics, making it easy for customers to achieve faster business outcomes.
Zacks Rank & Stocks to Consider
Alteryx currently has a Zacks Rank #3 (Hold).
NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of NVDA, DELL and SPLK have gained 209.8%, 67% and 70.9% on a year-to-date basis, respectively.
The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
Alteryx, Inc. (AYX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy) at present. Shares of NVDA, DELL and SPLK have gained 209.8%, 67% and 70.9% on a year-to-date basis, respectively. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy) at present. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Alteryx, Inc. (AYX) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of NVDA, DELL and SPLK have gained 209.8%, 67% and 70.9% on a year-to-date basis, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Alteryx, Inc. (AYX) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy) at present. Shares of NVDA, DELL and SPLK have gained 209.8%, 67% and 70.9% on a year-to-date basis, respectively.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy) at present. Shares of NVDA, DELL and SPLK have gained 209.8%, 67% and 70.9% on a year-to-date basis, respectively. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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d0d69411-c61c-480e-b848-ffc12813196b
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725284.0
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2023-10-10 00:00:00 UTC
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Asure Software (ASUR) Expands Services for Small Businesses
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DELL
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https://www.nasdaq.com/articles/asure-software-asur-expands-services-for-small-businesses
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nan
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Asure Software ASUR recently announced a significant addition to its services with the launch of comprehensive 401(k) solutions. Tailored to empower small businesses and their employees on the path to financial security, this strategic move not only bolsters Asure's benefits portfolio but also underscores its commitment to enhancing the financial well-being of its clients.
The 401(k) offerings have numerous advantages, including talent attraction, tax benefits, flexibility, seamless integration, and expert compliance support, positioning Asure as a valuable partner in helping businesses navigate the complex landscape of employee retirement planning.
Expanding Portfolio & Partner Base Aids Growth
ASUR continues to strengthen its position in the market by offering comprehensive, cloud-based Human Capital Management (HCM) software solutions encompassing HR, payroll, time and attendance, administration, and talent management for organizations of all sizes.
Cision's recent market research report indicates that the HCM solutions market is projected to expand by $11,195.8 million between 2022 and 2027, with a compound annual growth rate of 8.45%. The report emphasizes the identification of key industry influencers and provides a comprehensive analysis by synthesizing and summarizing data from various sources.
Asure Software Inc Price and Consensus
Asure Software Inc price-consensus-chart | Asure Software Inc Quote
Furthermore, ASUR's recent collaboration with Amazon’s AMZN cloud-arm Amazon Web Services (AWS) Application Modernization Lab brings cloud optimization and AI advancements to its Human Capital Management (HCM) SaaS offerings, enhancing performance, scalability, and security while accelerating time-to-market for its solutions.
The partnership with AWS allows Asure Software to expedite its modernization efforts, optimizing its cloud environment and enabling rapid response to Human Capital Management (HCM) market demands, poised to drive top-line growth in the near term.
Additionally, ASUR's collaboration with Vestwell introduces a 401k product bundled with Secure Act 2.0 tax credits, empowering small businesses to compete for talent, fulfill state mandates, and maximize tax credits while bolstering the utilization of ASUR's services in payroll, retirement, and HR compliance.
For the third quarter of fiscal 2023, ASUR expects total revenues between $26 million and $27 million. The Zacks Consensus Estimate for the current quarter revenues is pegged at $26.57 million, indicating year-over-year growth of 21.32%.
Zacks Rank & Other Stocks to Consider
Currently, ASUR sports Zacks Rank #1 (Strong Buy).
ASUR shares have declined 2% year to date, underperforming the Zacks Computer and Technology sector’s growth of 36.3%.
Dell Technologies DELL and NVIDIA NVDA are some other top-ranked stocks that investors can consider in the broader sector. You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL and NVDA shares have returned 67% and 209.8%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies and NVIDIA are pegged at 12% and 13.5%, respectively.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Asure Software Inc (ASUR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL and NVIDIA NVDA are some other top-ranked stocks that investors can consider in the broader sector. DELL and NVDA shares have returned 67% and 209.8%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies and NVIDIA are pegged at 12% and 13.5%, respectively.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL and NVIDIA NVDA are some other top-ranked stocks that investors can consider in the broader sector. DELL and NVDA shares have returned 67% and 209.8%, respectively, year-to-date.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL and NVIDIA NVDA are some other top-ranked stocks that investors can consider in the broader sector. DELL and NVDA shares have returned 67% and 209.8%, respectively, year-to-date.
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Dell Technologies DELL and NVIDIA NVDA are some other top-ranked stocks that investors can consider in the broader sector. DELL and NVDA shares have returned 67% and 209.8%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies and NVIDIA are pegged at 12% and 13.5%, respectively.
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5caf1bd9-acf1-4011-a675-9f7dfe089e91
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725285.0
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2023-10-10 00:00:00 UTC
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The Zacks Analyst Blog Highlights VMware, Synopsis and Dell Technologies
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-vmware-synopsis-and-dell-technologies
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For Immediate Release
Chicago, IL – October 10, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: VMware VMW, Synopsis SNPS and Dell Technologies DELL.
Here are highlights from Monday’s Analyst Blog:
Trader Eyes Track September CPI: Global Week Ahead
In the Global Week Ahead — after a U.S. centered, government bond market yield rout and wider FX market gyrations — global financial markets are bracing for:
· The Sept. U.S. consumer price inflation (CPI) numbers, and
· The start of Q3 S&P500 earnings season
In the U.K., Britain's opposition Labour party — vying for control of government policy and public administration — will set out its agenda, ahead of next year's major election.
In Morocco, there will be plenty of added data and discussions for macro policy makers meeting at the World Bank/IMF annual meeting.
Next are Reuters five world market themes, reordered for equity traders—
(1) Time to prepare for Q3 S&P500 earnings season. Friday, Oct. 13th is the start.
Reports from major banks kick off third-quarter earnings season for U.S. companies with equity investors eager for a catalyst to revive stocks in the face of surging bond yields.
JPMorgan, Citigroup and Wells Fargo will post results on Friday, Oct. 13th and give a first readout on the fallout from higher rates on issues from loan demand to consumer behavior.
Other companies set to report include snacks and beverages giant PepsiCo on Tuesday, Delta Air Lines on Thursday and insurer UnitedHealth Group on Oct 13th.
Overall, S&P500 companies are expected to increase third-quarter earnings by +1.6% compared to the year-ago period, according to LSEG IBES, after earnings dipped -2.8% in the second quarter.
(2) Where do U.S. Treasury bond yields head, after Thursday's Sept. CPI report?
With benchmark U.S. Treasury yields around 16-year peaks, stakes are high for Thursday's monthly U.S. consumer price index report, as investors gauge whether the Fed is likely to hike rates again to ensure inflation keeps cooling.
August data showed the fastest inflation increase in 14 months as the cost of gasoline surged, though the annual rise in underlying inflation was the smallest in nearly two years.
With oil prices around $90 a barrel, energy prices are also in focus.
A hot report could spur worries that the Fed's rate posture may grow even more hawkish after its 'higher for longer' mantra in September spooked markets.
The Fed is broadly expected to hold rates steady at its Oct 31st-Nov. 1st meeting, although some traders are betting on another increase.
(3) Where does the Japanese Yen (at 149 to the USD) go from here?
When all were bowing before King Dollar in days gone by, the yen suddenly had other ideas.
Following a grind to a new one-year peak above 150 yen last Tuesday, the bottom fell out, and a minute or so later the dollar was bouncing off 147.
Markets whispered about possible intervention, although many had doubts and the dollar recovered quickly, lacking the shock-and-awe of Japan's move a year ago. Central bank data strongly hints of no official action that day.
But the specter of intervention will likely keep tugging at dollar spikes, maybe all the way until the next central bank decision on Halloween.
Meanwhile, the euro is facing its own ghosts, with resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy's fiscal position raising the risk of a move back towards the psychologically key $1 marker.
(4) The U.K. Labour Party, and its policies on offer, take the center stage.
The U.K.'s governing Conservative party conference was marred by Prime Minister Rishi Sunak's controversial move to downsize plans for a long-awaited high-speed railway.
Now it's time for the opposition Labour Party — riding high in opinion polls and having just clinched a clear by-election victory — to take the stage with business and markets looking out for what the potential next government might have to offer.
Asset managers are clamoring for Labour to listen to their ideas for reviving interest in the U.K.'s moribund stock market — and any sign of changing political winds may bring some respite to underperforming equities, analysts said.
Hopes for an economic bounce, however, will be tempered by the U.K.'s high government debt and Labour's vow for prudent budgets with fiscal rules similar to the current government's ones.
(5) The World Bank/IMF annual meeting happens in Morocco.
Finance officials and investors from around the globe are heading for the Moroccan city of Marrakech for the World Bank International Monetary Fund annual meetings.
The gathering comes at a time when rocketing U.S. government bond yields that have led to a global jump in borrowing costs weigh on hopes that inflation can be lowered without triggering a major crisis.
Policy makers also face deepening global divides and calls from large emerging economies such as China to reform the Bretton Woods global financial architecture almost 80 years after it was established and make it more representative.
Amid these tensions, the IMF and World Bank are trying to boost their lending.
Meanwhile, the Group of 20 leading economies' flagship debt restructuring initiative, the Common Framework, will also be in focus as it continues to face intense criticism for delays and a lack of concrete outcomes.
Zacks #1 Rank (STRONG BUY) Stocks
I noted three major Info Tech stocks on our list this week.
After the latest stock selling, their long-term Zacks metrics still don't look attractive.
Keep that in mind.
(1) VMware: This is a $166 stock in the Computer Software industry. The market cap is $71.7B. I see a Zacks Value score of F, a Zacks Growth score of D and a Zacks Momentum score of D.
VMware is the pioneer in developing core x86 server virtualization software solutions. With innovative virtualization products and cloud suit solutions, the company is helping businesses in their digital transformation journey.
VMware assists its customers in managing their IT resources across private clouds and complex multi-cloud, multi-device environments by offering solutions across three categories: Software-Defined Data Center (SDDC), Hybrid and Multi-Cloud Computing and Digital Workspace — End-User Computing (EUC).
VMware Cloud Services enables its customers to run, manage, connect and better secure their applications across hybrid and multiple public clouds including Amazon Web Services (AWS), Microsoft Azure, Google Cloud and IBM Cloud.
VMware's SDDC architecture consists of four main product categories: Compute (vSphere — flagship data center platform), Cloud Management (vRealize Operations, vRealize Automation, Wavefront, CloudHealth), Networking (NSX, VeloCloud, Network Insight, VMware NSX Advanced Load Balancer by Avi Networks), and Storage and Availability (vSAN, VxRail).
EUC solution consists of VMware Workspace ONE, powered by Unified Endpoint Management (formerly known as AirWatch), and Horizon application and desktop virtualization.
In September 2016, VMware's parent company EMC was acquired by Dell for $67 billion. In fourth-quarter fiscal 2022, VMware completed a spin-off from Dell Technologies.
In fiscal 2023, VMware reported revenues worth $13.35 billion.
· Subscription and SaaS revenues represented 30% of VMware's fiscal 2023 total revenues. Subscription and SaaS revenues were $4.01 billion.
· Services accounted for 48.7% of total revenues while License contributed 21.2%.
· Region wise, the United States and International represented 49% and 51% of revenues, respectively.
(2) Synopsis: This is a $460 stock in the Computer Software industry. The market cap is $70.2B. I see a Zacks Value score of F, a Zacks Growth score of C and a Zacks Momentum score of D.
Synopsys is a vendor of electronic design automation (EDA) software to the semiconductor and electronics industries. The company offers a full suite of products used in the logic synthesis and functional verification phases of chip design, including a broad array of reusable design building blocks. It also sells physical synthesis and physical design products as well as physical verification products.
The company's products are used to design a chip, from concept to the point of delivery to the manufacturer for fabrication.
Synopsis provides software and hardware, which are used to develop electronic systems that incorporate chips. Additionally, the company provides Intellectual Property (IP) used in semiconductor design and manufacturing to simplify the design process and accelerate time-to-market for its customers.
Synopsis reports revenues in three segments, namely Time-Based Products, Upfront Products and Maintenance and Service.
· Time-Based Products (59% of fiscal 2022 revenues): Segment revenues are recognized as Technology Subscription License (TSL) revenues. Under this segment, the company recognizes revenues from fees over the period of the license or as and when the installments are paid by the customer, whichever is later.
· Upfront Products (24%): These revenues are recognized as Term License revenues. Under this segment, the company recognizes revenues from term licenses in full after the completion of the shipment of the software, wherein at least 75% of the license fee is paid within a year of shipment, after fulfilling all other revenue recognition criteria.
· Maintenance and Service (17%): Under this segment revenues come from maintenance fees that are generated over the maintenance period; along with revenues generated from professional service and training fees.
The company conducts its business across four geographic regions namely: North America (47% of fiscal 2022 revenues), China (16%), Europe (10%), Korea (10%) and others (17%).
Synopsys' competitors include EDA vendors like Cadence Design Systems Inc. and Mentor Graphics Corp.
(3) Dell Technologies: This is a $94 stock in the Semiconductor – Analog and Mixed industry. The market cap is $39.7B. I see a Zacks Value score of F, a Zacks Growth score of D and a Zacks Momentum score of C.
Dell Technologies Inc. is a provider of information technology solutions.
The company's operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group.
· Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware.
· ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware.
· DSG segment includes systems management, security software solutions and information management software offerings.
Dell Technologies Inc. is headquartered in Round Rock, Texas.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VMware, Inc. (VMW) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: VMware VMW, Synopsis SNPS and Dell Technologies DELL. In September 2016, VMware's parent company EMC was acquired by Dell for $67 billion. In fourth-quarter fiscal 2022, VMware completed a spin-off from Dell Technologies.
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Click to get this free report VMware, Inc. (VMW) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: VMware VMW, Synopsis SNPS and Dell Technologies DELL. In September 2016, VMware's parent company EMC was acquired by Dell for $67 billion.
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I see a Zacks Value score of F, a Zacks Growth score of D and a Zacks Momentum score of C. Dell Technologies Inc. is a provider of information technology solutions. Click to get this free report VMware, Inc. (VMW) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: VMware VMW, Synopsis SNPS and Dell Technologies DELL.
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Stocks recently featured in the blog include: VMware VMW, Synopsis SNPS and Dell Technologies DELL. In September 2016, VMware's parent company EMC was acquired by Dell for $67 billion. In fourth-quarter fiscal 2022, VMware completed a spin-off from Dell Technologies.
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2023-10-09 00:00:00 UTC
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Silent Winners: 7 Overlooked Stocks Posting Impressive Gains
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DELL
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https://www.nasdaq.com/articles/silent-winners%3A-7-overlooked-stocks-posting-impressive-gains
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
There’s been much discussion this year about how the market rally has been concentrated in a handful of mega-cap tech stocks. Most stocks are flat or down, grumble analysts, noting that the blue-chip Dow Jones Industrial Average recently turned negative on the year. If it weren’t for a catalyst in artificial intelligence (AI), the entire market might be in the red right now.
While much of this is true, look a little closer and one can see several stocks that have racked up big gains so far in 2023.
The broader market might be treading water, but several individual stocks have been soaring and outperforming. These are not the usual suspects. There are many lesser known, unheralded securities that are up 50%, 100%, or more this year. The gains in these names are being fueled by strong earnings, improving sentiment, and some surprising catalysts. Here are silent winners: seven overlooked stocks posting impressive gains.
Marathon Digital (MARA)
Source: Yev_1234 / Shutterstock
The price of Bitcoin (BTC-USD) has risen nearly 70% this year. That has meant boom times for cryptocurrency miners such as Marathon Digital (NASDAQ:MARA).
The crypto miner just reported that it produced 1,242 Bitcoin in September, a 16% increase from August of this year and a 245% increase from September 2022 when the sector was in the grips of a “crypto winter” and prices for digital coins and tokens were in freefall. The increased production comes as the price of BTC has remained buoyant despite a decline in stocks since August.
Marathon Digital said it has now produced 8,610 Bitcoin this year and is searching for new mining locations that offer low-cost renewable energy that’s needed to mine for crypto. Owing to the increased activity and growth in cryptocurrency prices, MARA stock has gained 145% this year, nearly matching the increase in shares of Meta (NASDAQ:META).
Over the last five years, Marathon Digital’s stock has increased 233%. While grossly under reported, crypto mining stocks are soaring this year.
Dell Technologies (DELL)
Source: Ken Wolter / Shutterstock.com
There’s been a lot of talk this year about tech stocks, but almost no mention of Dell Technologies (NYSE:DELL). That seems strange given that the maker of laptops, monitors, and other computer hardware has been on a bull run.
DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus. The rise in Dell Technologies’ share price is all the more impressive given that sales of personal computers globally have been in a funk for the past two years.
DELL stock is currently trading near an all-time high. The company is benefitting from diversification and its moves into new areas beyond computer hardware such as cloud computing and data protection. Management is also focusing on the red hot area AI, mentioning the term “AI” nearly 20 times during its last earnings call with analysts and media. Dell has also posted better-than-expected financial results and raised guidance this year. DELL stock also pays a dividend of 37 cents a share per quarter, for a yield of 2.23%.
Abercrombie & Fitch (ANF)
Source: Paul McKinnon / Shutterstock.com
Abercrombie & Fitch (NYSE:ANF) is a retailer known for selling casual wear. However, ANF stock has been trading more like a tech start-up this year than a clothing retailer.
Year-to-date, Abercrombie’s share price has risen 141%. The stock is up 268% over the last 12 months. Through five years, the shares have increased 200%. It’s a remarkable result that has trounced the performance of just about every other clothing retailer. The Gap’s (NYSE:GPS) stock is down 10% this year, for example.
ANF stock began to skyrocket after a surprise profit was reported at the end of May this year. Abercrombie subsequently issued an earnings print at the end of August that obliterated Wall Street forecasts, announcing a profit of $1.10 a share when analysts had been looking for earnings of just 17 cents. Revenue also crushed consensus forecasts.
The company also raised its outlook for the remainder of this year, saying it now expects sales to grow 10%, up from previous guidance of 2% growth. ANF stock is like a runaway train at this point.
General Electric (GE)
Source: Sundry Photography / Shutterstock.com
After years in the wilderness, shares of General Electric (NYSE:GE) have come roaring back. GE stock is up 66% in 2023, and has increased 117% in the past 12 months. The revival comes after the industrial giant successfully spun-off its healthcare unit in January. More changes are coming, with GE planning to spin-off its power generation business in early 2024. These change enable General Electric to focus more on its core businesses (which are also its most profitable) of aerospace and renewable energy.
The breakup of its business is already having a positive impact on General Electric’s earnings. GE stock rose 6% after the company’s most recent financial results beat Wall Street forecasts across the board, and the company raised its full-year profit outlook. The company said it is benefitting from strong demand for its jet engine parts and airline maintenance work amid the current boom in air travel.
Despite this year’s big run, GE stock looks attractively valued trading at 13 times future earnings.
Fair Isaac (FICO)
Source: Teerasak Ladnongkhun/Shutterstock.com
Fair Isaac Corp. (NYSE:FICO) is the credit scoring company that’s behind everybody’s FICO score, which measures consumer credit worthiness. Fair Isaac is the kind of company that provides an essential service in a niche market, giving it a near-monopoly position in the marketplace and a wide moat around its business. Some 95% of financial institutions in the U.S. are clients of Fair Isaac.
With the economy in flux and interest rates at their highest level in 22-years, credit checks and FICO scores are being scrutinized now more than ever before, leading to boom times at Fair Isaac. This is reflected in FICO stock, which is up 50% this year, up 124% over the last 12 months, and up 330% over the past five years. The share price is currently near a 52-week high. The stock isn’t cheap, but its long-term outperformance and competitive position make it worth the expense.
Carnival (CCL)
Source: NAN728 / Shutterstock.com
After being crushed during the pandemic, cruise line operator Carnival Corp. (NYSE:CCL) is gaining ground again. CCL stock has risen 59% year to date, and is up 99% in the last 12 months. Other cruise operators such as Royal Caribbean (NYSE:RCL) have seen similarly strong gains in their share prices this year. With the heights of the pandemic firmly in our rearview mirror and cruise bookings up sharply, Carnival’s earnings and its stock are once again moving higher. It’s welcome news after two very difficult years for the global cruise line industry.
The company announced that it is seeing the highest demand for bookings in more than 50 years as people take to the high seas once again. CCL stock is also gaining traction from the fact that the company is making progress in terms of paying down its $30 billion debt load, the majority of which it incurred while its ships were idled during the Covid-19 crisis.
The company just reported that its fiscal third quarter net income, or profit, topped $1 billion and its revenue hit an all-time high of $6.85 billion, both topping Wall Street forecasts.
Marvell Technology (MRVL)
Source: Michael Vi / Shutterstock.com
How about a microchip and semiconductor stock not named Nvidia (NASDAQ:NVDA)? For that we turn to Marvell Technology (NASDAQ:MRVL), a chip stock that has been performing well this year with little fanfare. Since January, MRVL stock has gained 50%, bringing its five year advance to 200%. The company, whose technology is used in areas such as computer, networking, security and storage, is seeing strong demand and earnings growth.
Like most chip and semiconductor companies, Marvell also has a big opportunity in AI. So much so, that MRVL stock rose more than 30% at the end of May when management highlighted the company’s potential AI catalyst during an earnings call.
More recently, the company beat Wall Street expectations with its quarterly print delivered at the end of August, reporting a profit of 33 cents a share on sales of $1.34 billion compared to 32 cents a share and sales of $1.33 billion that analysts had penciled in for the company.
On the date of publication, Joel Baglole held long positions in FICO and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post Silent Winners: 7 Overlooked Stocks Posting Impressive Gains appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s been a lot of talk this year about tech stocks, but almost no mention of Dell Technologies (NYSE:DELL). DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus. The rise in Dell Technologies’ share price is all the more impressive given that sales of personal computers globally have been in a funk for the past two years.
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Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s been a lot of talk this year about tech stocks, but almost no mention of Dell Technologies (NYSE:DELL). DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus. The rise in Dell Technologies’ share price is all the more impressive given that sales of personal computers globally have been in a funk for the past two years.
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DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus. Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s been a lot of talk this year about tech stocks, but almost no mention of Dell Technologies (NYSE:DELL). The rise in Dell Technologies’ share price is all the more impressive given that sales of personal computers globally have been in a funk for the past two years.
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Dell has also posted better-than-expected financial results and raised guidance this year. Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com There’s been a lot of talk this year about tech stocks, but almost no mention of Dell Technologies (NYSE:DELL). DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus.
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2023-10-09 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Tenet Healthcare and HCA Healthcare
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DELL
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-tenet-healthcare-and-hca-healthcare-0
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nan
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For Immediate Release
Chicago, IL – October 9, 2023 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Arista Networks ANET, Super Micro Computer Inc. SMCI, Nvidia NVDA and Dell Technologies DELL.
Seizing Opportunity: 3 Momentum Stocks to Buy
Opportunity in October
I recently wrote a piece called "October: Where Bear Markets Go to Die," which you can read here. Within the article, I divulged a mind-blowing statistic. That is, a whopping 50% of bear markets have ended in October! Beyond the tendency of stocks to bottom in October, US equities have some other positive headwinds including, strong seasonality trends, a breakdown in safe-haven plays like the dollar, base structures forming in quality growth stocks, and an abundance of fear.
Capitalize on a Potential End-of-Year Rally
If you believe that October will spell the lows for US equities like I do, the next step is to find ways to attain alpha, or in other words, outperform. In case you missed it, I wrote about the key elements to focus on to outperform equities in my commentary "Focus on 5 Elements to Achieve Alpha." Below are 3 momentum stocks to own into year-end for potential super performance:
Palantir
Palantir is a unique company that specializes in software, security, and artificial intelligence (AI) solutions. The company's largest customers are government and financial institutions. Government use cases include counterterrorism, intelligence analysis, and security and privacy.
Palantir helps organizations integrate vast and diverse datasets from various sources. PLTR's software is known for being able to handle massive volumes of data while simultaneously being able to make connections between disparate data sets. In other words, the company helps organizations to simplify and make sense of complex data sets. The company's software is highly coveted because it takes the data and translates it into interactive visualizations.
UK Contract Win is a Bullish Catalyst
Earlier this week, Palantir landed a major contract worth $400 million with England's National Health Service. Not only will the contract boost Palantir's Q4 earnings, but the company may be able to parlay the win into even more business down the road.
Momentum Monster
Palantir is a top performing stock this year having gained 159% year-to-date. In strong uptrends, the first base structure tends to be an area of high reward-to-risk. PLTR is rounding out the right side of its base and is attempting to break out on heavy volume – a sign of accumulation.
Arista Networks
Zacks Rank #2 (Buy) stock Arista Networks provides cloud networking solutions for data centers and cloud computing environments. While many growth stocks suffered last year, ANET's business continued to grow rapidly and steadily. Over the past three quarters, the company has delivered year-over-year earnings growth of 72%, 69%, and 59% on high double-digit revenue growth.
Catching a Ride on the AI Train
Such rapid growth is not easy to find and even more challenging to maintain. That said, ANET's management team is not content with resting on their laurels.
As artificial intelligence (AI) becomes increasingly prevalent in our daily lives, it is expected to generate massive amounts of data to be stored, analyzed, and processed. This is where data centers come in and where Arista Networks is uniquely positioned.
The influx of these incredible amounts of data will lead to a necessity for data center expansion. Arista's computer network switches accelerate communications among data centers allowing them to "hyper scale".
Super Micro Computer
Zacks Rank #1 (Strong Buy) stock Super Micro Computer Inc.,also known as Supermicro, is a San Jose-based technology company that designs and manufactures high-performance server and storage solutions. The company's products are used various up-and-coming, high-growth industries, including enterprise IT, big data, cloud computing, internet of things (IoT), and artificial intelligence (AI).
Stock Pullback is an Opportunity as Supply Issues are Fixed
Investment in AI is contributing to explosive demand for SMCI's servers. However, shares pulled back in August mainly because the company could not meet that high demand. SMCI's current server production is enough to generate a maximum of $15 billion in revenue annually, but with the addition of a new Malaysian production facility (which goes live in 2024), SMCI will be able to double its production.
SMCI also benefits from its server partnership with the undisputed AI leader, Nvidia.Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies.
High Growth + High Efficiency: A Winning Combination
High earnings growth is only meaningful with strong operational efficiency. A high return on equity (ROE) indicates that management efficiently uses shareholder equity to generate profits. SMCI's ROE of 35 dwarfs the S&P 500's ROE of 25.
Bottom Line
October is the month when stocks tend to bottom. Investors who want to capitalize and generate alpha should examine the three momentum stocks mentioned.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – October 9, 2023 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Arista Networks ANET, Super Micro Computer Inc. SMCI, Nvidia NVDA and Dell Technologies DELL. SMCI also benefits from its server partnership with the undisputed AI leader, Nvidia.Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL – October 9, 2023 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Arista Networks ANET, Super Micro Computer Inc. SMCI, Nvidia NVDA and Dell Technologies DELL. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. SMCI also benefits from its server partnership with the undisputed AI leader, Nvidia.Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies.
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For Immediate Release Chicago, IL – October 9, 2023 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Arista Networks ANET, Super Micro Computer Inc. SMCI, Nvidia NVDA and Dell Technologies DELL. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. SMCI also benefits from its server partnership with the undisputed AI leader, Nvidia.Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies.
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For Immediate Release Chicago, IL – October 9, 2023 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Arista Networks ANET, Super Micro Computer Inc. SMCI, Nvidia NVDA and Dell Technologies DELL. SMCI also benefits from its server partnership with the undisputed AI leader, Nvidia.Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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725288.0
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2023-10-06 00:00:00 UTC
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C3.ai (AI) Enhances Sustainability Through Key Partnership
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DELL
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https://www.nasdaq.com/articles/c3.ai-ai-enhances-sustainability-through-key-partnership
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nan
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C3.ai AI forged a strategic partnership with ESG Book, aiming to revolutionize sustainability insights and capabilities for enterprise ESG teams.
This collaboration addresses the intricate challenges of fragmented data, evolving stakeholder expectations and shifting regulatory requirements in the sustainability domain.
C3.ai's AI-enabled ESG application, in partnership with ESG Book's comprehensive sustainability data, empowers sustainability teams with analytical tools, aiding informed decisions, risk detection and ESG goal attainment amid rising global demand for quality ESG and climate data.
Expanding Clientele Aids Growth
AI stock has surged 116.4% compared with the Zacks Computer and Technology sector’s increase of 33.8% year to date. The outperformance can be attributed to the rapid adoption of its generative AI platform and expanding clientele.
In the fiscal first quarter, C3.ai entered into new and expanded agreements with Saudi Arabia's Smart City, NEOM, Nucor, Roche, Pantaleon in Central America, Ball, Cargill, Con Ed, Shell, Tyson Foods and the U.S. Department of Defence.
C3.ai, Inc. Price and Consensus
C3.ai, Inc. price-consensus-chart | C3.ai, Inc. Quote
In September, C3.ai announced that Pantaleon has expanded its commitment by deploying C3 Generative AI to enhance business efficiencies, optimizing operations from sugar cane harvesting to document management and pricing outlooks.
A robust portfolio has been a key catalyst in driving AI’s growth. The company has introduced the C3 Generative AI Suite, with 28 domain-specific solutions, building on its successful deployments with clients like Georgia-Pacific, Nucor and Con Edison, while addressing security concerns associated with large language models.
C3.ai's partnership with Shell has significantly expanded, with their predictive maintenance program now monitoring nearly 20,000 equipment pieces, potentially saving over $2 billion annually and preventing costly disasters such as offshore oil rod failures.
AI’s partnership with Koch resulted in the generation of nearly $4 million in monthly predictions across 300+ assets, yielding up to 5% improvements in equipment effectiveness at Georgia-Pacific, while initiating two Generative AI projects to streamline data processing.
In the fiscal first quarter, C3.ai closed 60% of its agreements with and through its partner network, which includes Google Cloud, AWS, Microsoft and Booz Allen Hamilton.
For the second quarter of fiscal 2024, AI expects total revenues between $72 million and $76.5 million. The Zacks Consensus Estimate for the second quarter is currently pegged at $74.55 million, suggesting a year-over-year growth of 19.45%.
The Zacks Consensus Estimate for fiscal 2024 revenue is pegged at 307.99 million, indicating growth of 15.44%.
Zacks Rank & Stocks to Consider
Currently, AI carries a Zacks Rank #3 (Hold).
Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL, NVDA and SPLK shares have returned 64.6%, 205.4% and 70.7%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
C3.ai, Inc. (AI) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 64.6%, 205.4% and 70.7%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 64.6%, 205.4% and 70.7%, respectively, year-to-date.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 64.6%, 205.4% and 70.7%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 64.6%, 205.4% and 70.7%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and Splunk are pegged at 12%,13.5% and 29.55%, respectively.
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2023-10-06 00:00:00 UTC
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Morgan Stanley Maintains Dell Technologies Inc - Class C (DELL) Overweight Recommendation
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DELL
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https://www.nasdaq.com/articles/morgan-stanley-maintains-dell-technologies-inc-class-c-dell-overweight-recommendation-3
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Fintel reports that on October 6, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
Analyst Price Forecast Suggests 11.24% Upside
As of October 5, 2023, the average one-year price target for Dell Technologies Inc - Class C is 73.88. The forecasts range from a low of 53.53 to a high of $91.35. The average price target represents an increase of 11.24% from its latest reported closing price of 66.41.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 0.38%. The projected annual non-GAAP EPS is 6.46.
What is the Fund Sentiment?
There are 1128 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 18 owner(s) or 1.57% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.19%, an increase of 11.61%. Total shares owned by institutions increased in the last three months by 4.05% to 218,764K shares.
The put/call ratio of DELL is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 16,564K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 18,473K shares, representing a decrease of 11.52%. The firm increased its portfolio allocation in DELL by 18.16% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 11,805K shares representing 1.63% ownership of the company. In it's prior filing, the firm reported owning 12,982K shares, representing a decrease of 9.97%. The firm increased its portfolio allocation in DELL by 17.33% over the last quarter.
Boston Partners holds 9,783K shares representing 1.35% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,592K shares representing 1.05% ownership of the company. In it's prior filing, the firm reported owning 7,121K shares, representing an increase of 6.20%. The firm increased its portfolio allocation in DELL by 32.37% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 6,894K shares representing 0.95% ownership of the company. In it's prior filing, the firm reported owning 4,535K shares, representing an increase of 34.22%. The firm increased its portfolio allocation in DELL by 92.15% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on October 6, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 11.24% Upside As of October 5, 2023, the average one-year price target for Dell Technologies Inc - Class C is 73.88.
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Fintel reports that on October 6, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 11.24% Upside As of October 5, 2023, the average one-year price target for Dell Technologies Inc - Class C is 73.88. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 0.38%.
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Fintel reports that on October 6, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 11.24% Upside As of October 5, 2023, the average one-year price target for Dell Technologies Inc - Class C is 73.88. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 0.38%.
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Analyst Price Forecast Suggests 11.24% Upside As of October 5, 2023, the average one-year price target for Dell Technologies Inc - Class C is 73.88. There are 1128 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 18 owner(s) or 1.57% in the last quarter. Fintel reports that on October 6, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
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2023-10-06 00:00:00 UTC
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NICE's Inform Elite Gets Selected by Ottawa Police Service
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DELL
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https://www.nasdaq.com/articles/nices-inform-elite-gets-selected-by-ottawa-police-service
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NICE’s NICE expanding clientele is strengthening its prospects. The Israel-based company is winning customers in the United States and Canada, thanks to its robust portfolio strength.
The company recently announced that the Ottawa Police Service will be deploying its Inform Elite in preparation for the upcoming rollout of Next Generation 911 (NG911) services across Canada. According to a mandate of the Canadian Radio-television and Telecommunications Commission, all Canadian PSAPs need to migrate to Next Generation 911 by March 2025.
NICE Inform Elite is well-known for its capabilities of digitally transforming processes around reconstructing incidents (for training, investigations, court cases and citizen requests) and performing Quality Assurance reviews. These capabilities help customers provide improved emergency services without consuming too much time.
NICE Inform Elite will be deployed at the Police Service’s main communication center and two additional sites. It will improve the service-providing capabilities of the center that handles close to half a million emergency calls for the Ottawa Police Service annually. The Ottawa Police Service serves an area of 2,790 square kilometers and over a million people.
NICE’s platforms, namely Actimize, Evidencentral, CXone, Inform Elite, Robotic Process Automation and Investigate, have been gaining traction. The recently announced LiveVox acquisition will further boost penetration among small-sized businesses.
Nice Price and Consensus
Nice price-consensus-chart | Nice Quote
The company’s solutions have been gaining traction among government agencies in recent times. NICE Justice, part of its Evidencentral platform, has been selected by the likes of the Office of the District Attorney of Allegheny County and the Douglas County District Attorney’s Office in Georgia.
In September, NICE expanded the footprint of its Actimize portfolio by successfully implementing its financial crime solutions for GoTyme Bank (a partnership between the Gokongwei Group and Singapore-based digital banking group Tym), enhancing fraud prevention and supporting its innovative cloud-only banking approach in the Philippines.
A robust portfolio and expanding clientele are expected to help drive NICE’s top-line growth. For third-quarter 2023, the company projects non-GAAP revenues between $590 million and $600 million. Non-GAAP earnings are estimated in the $2.1-$2.2 per share band.
The Zacks Consensus Estimate for earnings is pegged at $2.15 per share, up by a penny over the past 30 days, indicating 11.98% year-over-year growth. The consensus mark for revenues is pegged at $594.58 million, suggesting 7.19% year-over-year growth.
Zacks Rank & Stocks to Consider
NICE currently has a Zacks Rank #3 (Hold).
The company’s shares have declined 13.1%, underperforming the Zacks Computer & Technology sector’s return of 33.8%.
NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, respectively, on a year-to-date basis.
The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
Nice (NICE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, respectively, on a year-to-date basis. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, respectively, on a year-to-date basis.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, respectively, on a year-to-date basis.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, respectively, on a year-to-date basis. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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98191a06-8b79-4aca-a8c3-23f1f718648c
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725291.0
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2023-10-06 00:00:00 UTC
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Seizing Opportunity: 3 Momentum Stocks to Buy
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DELL
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https://www.nasdaq.com/articles/seizing-opportunity%3A-3-momentum-stocks-to-buy
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nan
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nan
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Opportunity in October
I recently wrote a piece called “October: Where Bear Markets Go to Die,” which you can read here. Within the article, I divulged a mind-blowing statistic. That is, a whopping 50% of bear markets have ended in October! Beyond the tendency of stocks to bottom in October, US equities have some other positive headwinds including, strong seasonality trends, a breakdown in safe-haven plays like the dollar, base structures forming in quality growth stocks, and an abundance of fear.
Capitalize on a Potential End-of-Year Rally
If you believe that October will spell the lows for US equities like I do, the next step is to find ways to attain alpha, or in other words, outperform. In case you missed it, I wrote about the key elements to focus on to outperform equities in my commentary “Focus on 5 Elements to Achieve Alpha.” Below are 3 momentum stocks to own into year-end for potential super performance:
Palantir
Palantir (PLTR) is a unique company that specializes in software, security, and artificial intelligence (AI) solutions. The company’s largest customers are government and financial institutions. Government use cases include counterterrorism, intelligence analysis, and security and privacy.
Palantir helps organizations integrate vast and diverse datasets from various sources. PLTR’s software is known for being able to handle massive volumes of data while simultaneously being able to make connections between disparate data sets. In other words, the company helps organizations to simplify and make sense of complex data sets. The company’s software is highly coveted because it takes the data and translates it into interactive visualizations.
UK Contract Win is a Bullish Catalyst
Earlier this week, Palantir landed a major contract worth $400 million with England’s National Health Service. Not only will the contract boost Palantir’s Q4 earnings, but the company may be able to parlay the win into even more business down the road.
Momentum Monster
Palantir is a top performing stock this year having gained 159% year-to-date. In strong uptrends, the first base structure tends to be an area of high reward-to-risk. PLTR is rounding out the right side of its base and is attempting to break out on heavy volume – a sign of accumulation.
Image Source: TradingView
Arista Networks
Zacks Rank #2 (Buy) stock Arista Networks (ANET) provides cloud networking solutions for data centers and cloud computing environments. While many growth stocks suffered last year, ANET’s business continued to grow rapidly and steadily. Over the past three quarters, the company has delivered year-over-year earnings growth of 72%, 69%, and 59% on high double-digit revenue growth.
Image Source: Zacks Investment Research
Catching a Ride on the AI Train
Such rapid growth is not easy to find and even more challenging to maintain. That said, ANET’s management team is not content with resting on their laurels.
As artificial intelligence (AI) becomes increasingly prevalent in our daily lives, it is expected to generate massive amounts of data to be stored, analyzed, and processed. This is where data centers come in and where Arista Networks is uniquely positioned.
The influx of these incredible amounts of data will lead to a necessity for data center expansion. Arista’s computer network switches accelerate communications among data centers allowing them to “hyper scale”.
Super Micro Computer
Zacks Rank #1 (Strong Buy) stock Super Micro Computer Inc (SMCI), also known as Supermicro, is a San Jose-based technology company that designs and manufactures high-performance server and storage solutions. The company’s products are used various up-and-coming, high-growth industries, including enterprise IT, big data, cloud computing, internet of things (IoT), and artificial intelligence (AI).
Stock Pullback is an Opportunity as Supply Issues are Fixed
Investment in AI is contributing to explosive demand for SMCI’s servers. However, shares pulled back in August mainly because the company could not meet that high demand. SMCI’s current server production is enough to generate a maximum of $15 billion in revenue annually, but with the addition of a new Malaysian production facility (which goes live in 2024), SMCI will be able to double its production. SMCI also benefits from its server partnership with the undisputed AI leader, Nvidia (NVDA). Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies (DELL).
High Growth + High Efficiency: A Winning Combination
High earnings growth is only meaningful with strong operational efficiency. A high return on equity (ROE) indicates that management efficiently uses shareholder equity to generate profits. SMCI’s ROE of 35 dwarfs the S&P 500’s ROE of 25.
Image Source: Zacks Investment Research
Bottom Line
October is the month when stocks tend to bottom. Investors who want to capitalize and generate alpha should examine the three momentum stocks mentioned.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Capitalize on a Potential End-of-Year Rally If you believe that October will spell the lows for US equities like I do, the next step is to find ways to attain alpha, or in other words, outperform.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies (DELL). Image Source: TradingView Arista Networks Zacks Rank #2 (Buy) stock Arista Networks (ANET) provides cloud networking solutions for data centers and cloud computing environments.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies (DELL). In case you missed it, I wrote about the key elements to focus on to outperform equities in my commentary “Focus on 5 Elements to Achieve Alpha.” Below are 3 momentum stocks to own into year-end for potential super performance: Palantir Palantir (PLTR) is a unique company that specializes in software, security, and artificial intelligence (AI) solutions.
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Though SMCI owns less than 10% of the server market currently, its coveted partnership with NVDA should help the company eat into competition such as Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. PLTR’s software is known for being able to handle massive volumes of data while simultaneously being able to make connections between disparate data sets.
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125839fc-8bdf-45e5-b5d0-11d8bcf5d9f5
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725292.0
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2023-10-06 00:00:00 UTC
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Advanced Energy (AEIS) Expands Portfolio With Artesyn CSU3200ET
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DELL
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https://www.nasdaq.com/articles/advanced-energy-aeis-expands-portfolio-with-artesyn-csu3200et
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nan
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nan
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Advanced Energy Industries AEIS is expanding its footprint in the artificial intelligence (AI) and machine learning (ML) domains. It recently introduced an extended range of ultra-high-density front-end power supplies with a 3200 W unit in the common redundant power supply (CPRS) 1U form factor.
The Artesyn CSU3200ET series addresses the high-performance, space-constrained power demands of next-generation computing applications, including AI and ML. Delivering currents up to 262 A, the CSU3200ET series operates with efficiencies up to 96% and carries 80PLUS Titanium efficiency certification.
80PLUS Titanium efficiency and CPRS form factors are necessities for data center operators as space-efficient solutions are needed to support high-performance compute applications that require large numbers of power-hungry AI/ML processors. Advanced Energy’s initiative to extend the power rating of its CSU family to 3200 W solves this issue.
Accepting a universal input voltage range of 180 to 264 VAC and drawing a maximum input current of 16 A, the CSU3200ET hot-pluggable power supplies feature active power factor correction and very low total harmonic current distortion to comply with EN 61000-3-2 limits even at light loads.
CSU3200ET series models are fully compliant with EMI Class A, IEC/EN/UL 62368-1 and all relevant safety standards.
Advanced Energy Industries, Inc. Price and Consensus
Advanced Energy Industries, Inc. price-consensus-chart | Advanced Energy Industries, Inc. Quote
Advanced Energy Benefits From Robust Portfolio
Advanced Energy is benefiting from strong momentum across telecom and networking, and industrial and medical markets. Solid demand for high voltage and strong design wins in etch and deposition is contributing well.
Moreover, growing traction across enterprise computing customers and prospects related to 5G are likely to remain key drivers in the near term for Advanced Energy.
Advanced Energy recently announced the new high-power, liquid-cooled configurable power solution. The iHP Liquid is the latest addition to its portfolio of intelligent, digitally configurable power solutions that provide flexible power in a wide range of industrial, lighting, horticulture, medical and semiconductor applications.
The company’s latest launch of the eVerest RF generator, which is a complete RF power delivery system, delivers transformational plasma power control technology for the Angstrom Era. Advanced Energy also unveiled Luxtron M-1100, which is a multi-channel sensing platform offering high accuracy.
However, the company is still experiencing shortages of selected power MOSFET, power analog and microcontroller components. For third-quarter 2023, Advanced Energy anticipates revenues of $415 million (+/- $15 million).
The Zacks Consensus Estimate for the same is pegged at $421.84 million, suggesting a decline of 18.29% year over year.
Advanced Energy expects non-GAAP earnings of $1.13 per share (+/- 20 cents). The consensus mark is pegged at $1.16 per share unchanged over the past 30 days.
Zacks Rank & Stocks to Consider
Advanced Energy currently has a Zacks Rank #3 (Hold).
The company’s shares have gained 13.9%, underperforming the Zacks Computer & Technology sector’s return of 33.8%.
NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, on a year-to-date basis, respectively.
The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, on a year-to-date basis, respectively. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, on a year-to-date basis, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report To read this article on Zacks.com click here. NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, on a year-to-date basis, respectively.
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NVIDIA NVDA, Dell Technologies DELL and Splunk SPLK are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). Shares of NVDA, DELL and SPLK have gained 205.4%, 64.6% and 70.7%, on a year-to-date basis, respectively. The long-term earnings growth rate for NVIDIA, Dell Technologies and Splunk are pegged at 13.5%, 12%, and 29.55%, respectively.
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36b506ee-ded0-4572-b5a7-609e413054ad
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725293.0
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2023-10-05 00:00:00 UTC
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3 Low-Beta Stocks to Buy for Technology Exposure
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DELL
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https://www.nasdaq.com/articles/3-low-beta-stocks-to-buy-for-technology-exposure
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nan
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nan
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The technology sector has been a favorite among investors, providing explosive gains. Of course, many are aware of the sector’s increased volatility.
However, targeting low-beta technology stocks could be a great solution for investors wanting to blend in an added layer of defense.
Three low-beta technology stocks – Dell Technologies DELL, NetEase NTES, and Check Point Software Technologies CHKP – could all be considered.
Let’s take a closer look at each one.
Dell Technologies
Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Analysts have raised their expectations among all timeframes, with the revisions trends particularly notable for its current and next fiscal years.
Image Source: Zacks Investment Research
The company has consistently exceeded quarterly expectations as of late, beating the Zacks Consensus EPS Estimate by an average of 40% across its last four releases. Just in its latest release, DELL posted a 54% EPS beat and reported revenue 10% ahead of expectations.
The market has reacted favorably following back-to-back releases, as shown below.
Image Source: Zacks Investment Research
NetEase
NetEase, a current Zacks Rank #1 (Strong Buy), is an Internet technology company engaged in the development of applications, services, and other technologies for the Internet in China.
Analysts have taken their earnings expectations higher across nearly all timeframes, with the trend particularly notable for its current fiscal year.
Image Source: Zacks Investment Research
Shares could also interest those with a preference for income, currently yielding a solid 2.1% annually. As shown below, the company’s payout has grown nicely over the recent years, sporting a 26% five-year annualized dividend growth rate.
Image Source: Zacks Investment Research
Check Point Software Technologies
Check Point Software Technologies is a well-known provider of information technology (IT) security solutions worldwide. Like those above, the stock has enjoyed positive earnings estimate revisions, landing it into a favorable Zacks Rank #2 (Buy).
Value-focused investors could be interested; CHKP shares currently trade at a 15.3X forward 12-month earnings multiple, below the 19.2X five-year median and the respective Zacks industry average. Over the last five years, shares have traded as high as 23.5X.
In addition, Check Point Software carries a solid growth profile, with earnings expected to expand more than 10% on 4% higher revenues in its current year. The company’s revenue has remained highly consistent, as we can see illustrated in the chart below.
Image Source: Zacks Investment Research
Bottom Line
Targeting low-beta stocks can help shield investors against volatility, as these stocks are less susceptible to the market’s movements.
For those who seek exposure to tech, all three low-beta stocks above – Dell Technologies DELL, NetEase NTES, and Check Point Software Technologies CHKP – fit the criteria.
In addition, all three have seen their earnings estimates drift higher as of late, indicating favorable optimism among analysts.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three low-beta technology stocks – Dell Technologies DELL, NetEase NTES, and Check Point Software Technologies CHKP – could all be considered. Dell Technologies Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Just in its latest release, DELL posted a 54% EPS beat and reported revenue 10% ahead of expectations.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Three low-beta technology stocks – Dell Technologies DELL, NetEase NTES, and Check Point Software Technologies CHKP – could all be considered. Dell Technologies Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Three low-beta technology stocks – Dell Technologies DELL, NetEase NTES, and Check Point Software Technologies CHKP – could all be considered. Dell Technologies Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions.
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Three low-beta technology stocks – Dell Technologies DELL, NetEase NTES, and Check Point Software Technologies CHKP – could all be considered. Dell Technologies Dell Technologies, a current Zacks Rank #1 (Strong Buy), provides information technology solutions. Just in its latest release, DELL posted a 54% EPS beat and reported revenue 10% ahead of expectations.
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53d5b636-c16b-41ee-9132-a5d4348c37e3
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725294.0
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2023-10-05 00:00:00 UTC
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US STOCKS-Wall St ends down slightly; investors await Friday's payrolls
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-st-ends-down-slightly-investors-await-fridays-payrolls
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nan
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nan
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By Caroline Valetkevitch
NEW YORK, Oct 5 (Reuters) - U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates.
U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after a report showing U.S. private payrolls increased less than expected in September.
Friday's monthly payrolls report could be the week's most important economic news, however, investors remained concerned about whether the Federal Reserve will keep rates higher for longer.
Benchmark U.S. Treasury yields eased. Earlier this week, they hit their highest since 2007.
Stocks ended well off their weakest levels of the session, and strategists noted the S&P 500 was holding above its 200-day moving average, currently at around 4,206.
"It looks like we're trying to hold here, and the reason is probably because yields have come down somewhat and these comments by Mary Daly may have also helped a little bit," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
San Francisco Fed Bank President Mary Daly said at the Economic Club of New York that with U.S. monetary policy "well into" restrictive territory and the recent rise in U.S. Treasury yields, the Fed may not need to raise rates any more.
The Dow Jones Industrial Average .DJI fell 9.98 points, or 0.03%, to 33,119.57, the S&P 500 .SPX lost 5.56 points, or 0.13%, to 4,258.19 and the Nasdaq Composite .IXIC dropped 16.18 points, or 0.12%, to 13,219.83.
Among the day's decliners, Clorox Co CLX.N dropped 5.2% as the cleaning products maker said it expects to post a first-quarter loss.
Also, shares of Dell Technologies DELL.N were down 1.5% after the company's revenue forecast signaled that an AI boost may take longer to materialize.
After recent market weakness, investors are keen for third-quarter earnings reports to kick off mid-month. S&P 500 company earnings overall are expected to have risen 1.6% year-over-year for the quarter, according to LSEG IBES data.
Volume on U.S. exchanges was 9.76 billion shares, compared with the 10.63 billion average for the full session over the last 20 trading days.
Declining issues outnumbered advancing ones on the NYSE by a 1.11-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored decliners.
The S&P 500 posted three new 52-week highs and 39 new lows; the Nasdaq Composite recorded 24 new highs and 330 new lows.
(Reporting by Caroline Valetkevitch; additional reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta and David Gregorio)
((caroline.valetkevitch@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, shares of Dell Technologies DELL.N were down 1.5% after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after a report showing U.S. private payrolls increased less than expected in September.
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Also, shares of Dell Technologies DELL.N were down 1.5% after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. Friday's monthly payrolls report could be the week's most important economic news, however, investors remained concerned about whether the Federal Reserve will keep rates higher for longer.
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Also, shares of Dell Technologies DELL.N were down 1.5% after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after a report showing U.S. private payrolls increased less than expected in September.
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Also, shares of Dell Technologies DELL.N were down 1.5% after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after a report showing U.S. private payrolls increased less than expected in September.
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43ec055f-6213-4d33-8280-f5559ea3f475
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725295.0
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2023-10-05 00:00:00 UTC
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US STOCKS-S&P 500 ends down slightly; investors await Friday's payrolls
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DELL
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https://www.nasdaq.com/articles/us-stocks-sp-500-ends-down-slightly-investors-await-fridays-payrolls
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nan
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nan
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By Caroline Valetkevitch
NEW YORK, Oct 5 (Reuters) - The S&P 500 ended down slightly after U.S. stocks bounced off session lows as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates.
U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after a report showing U.S. private payrolls increased less than expected in September.
Friday's monthly payrolls report was expected to be the week's most important economic news, helping to determine whether the Federal Reserve will keep rates higher for longer.
Benchmark U.S. Treasury yields eased. Earlier this week, they hit their highest since 2007.
Stocks ended well off session lows, and strategists noted that the S&P 500 was holding above its 200-day moving average, currently at around 4,206.
"It looks like we're trying to hold here, and the reason is probably because yields have come down somewhat and maybe these comments by Mary Daly may have also helped a little bit," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
San Francisco Fed Bank President Mary Daly said at the Economic Club of New York that with U.S. monetary policy "well into" restrictive territory and the recent rise in U.S. Treasury yields, the Fed may not need to raise rates any more.
According to preliminary data, the S&P 500 .SPX lost 5.40 points, or 0.13%, to end at 4,258.35 points, while the Nasdaq Composite .IXIC lost 16.18 points, or 0.12%, to 13,219.06. The Dow Jones Industrial Average .DJI fell 18.92 points, or 0.06%, to 33,110.63.
Among stocks, Clorox CLX.N dropped as the cleaning products maker said it expects to post a first-quarter loss.
Also, shares of Dell Technologies DELL.N were down after the company's revenue forecast signaled that an AI boost may take longer to materialize.
(Additional reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta and David Gregorio)
((caroline.valetkevitch@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, shares of Dell Technologies DELL.N were down after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - The S&P 500 ended down slightly after U.S. stocks bounced off session lows as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after a report showing U.S. private payrolls increased less than expected in September.
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Also, shares of Dell Technologies DELL.N were down after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - The S&P 500 ended down slightly after U.S. stocks bounced off session lows as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. Friday's monthly payrolls report was expected to be the week's most important economic news, helping to determine whether the Federal Reserve will keep rates higher for longer.
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Also, shares of Dell Technologies DELL.N were down after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - The S&P 500 ended down slightly after U.S. stocks bounced off session lows as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. Friday's monthly payrolls report was expected to be the week's most important economic news, helping to determine whether the Federal Reserve will keep rates higher for longer.
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Also, shares of Dell Technologies DELL.N were down after the company's revenue forecast signaled that an AI boost may take longer to materialize. By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - The S&P 500 ended down slightly after U.S. stocks bounced off session lows as investors awaited Friday's monthly jobs report and further possible clues on the outlook for interest rates. San Francisco Fed Bank President Mary Daly said at the Economic Club of New York that with U.S. monetary policy "well into" restrictive territory and the recent rise in U.S. Treasury yields, the Fed may not need to raise rates any more.
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e5456fca-1ec6-4386-92be-40936e51e8bc
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725296.0
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2023-10-05 00:00:00 UTC
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DigitalOcean's (DOCN) Expandable Storage Boosts Efficiency
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DELL
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https://www.nasdaq.com/articles/digitaloceans-docn-expandable-storage-boosts-efficiency
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nan
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nan
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DigitalOcean DOCN recently introduced scalable storage for DigitalOcean PostgreSQL and MySQL Managed Databases.
The new offerings will empower businesses of all sizes to tailor their data resources precisely to their needs, avoiding the inefficiencies of underutilized cloud resources and optimizing budget allocation.
DigitalOcean's scalable storage, priced at just $2/month for 10 GB increments, offers precise storage matching to real-time demand. With a storage capacity of 15 TB, it ensures database readiness for demanding production workloads. Robust monitoring optimizes costs by scaling resources when needed and ensures optimal performance and cost efficiency for startups and small and medium-size businesses (SMBs).
Expanding Portfolio Aids Prospect
DigitalOcean’s shares have declined 12.1% year to date, underperforming the Zacks Computer and Technology sector’s growth of 32%. The underperformance can be attributed to the intensifying competition in the cloud infrastructure market.
DigitalOcean Holdings, Inc. Price and Consensus
DigitalOcean Holdings, Inc. price-consensus-chart | DigitalOcean Holdings, Inc. Quote
DigitalOcean’s expanding portfolio is expected to help it recover in the rest of 2023. The company recently expanded its offerings with Managed Kafka, a streamlined Apache Kafka service, catering to SMBs with scalability, security, and budget-friendly pricing, expanding its offerings for small and medium-sized businesses.
DigitalOcean's acquisition of Paperspace enhances its cloud offerings, making graphic processing unit (GPU)-powered artificial intelligence and machine learning (AI/ML) capabilities for small and medium-sized businesses (SMBs) and startups, streamlining AI/ML experimentation and production across a range of applications.
It is benefiting from an expanding clientele. Builders and Scalers (accounted for 86% of revenues), representing customers spending more than $50 per month, witnessed an impressive 42% year-over-year growth in the second quarter of 2023.
DigitalOcean added more than 3,600 builders and scalers in the second quarter compared with approximately 2,300 it added in the first quarter of 2023.
This surge in Builders and Scalers clientele played a pivotal role in achieving a remarkable 28% year-over-year growth in revenues. Average Revenue Per Customer (ARPU) was $90.84, reflecting a 14% increase.
For the third quarter of fiscal 2023, DigitalOcean expects total revenues between $172.5 million and $174 million. The Zacks Consensus Estimate for the third quarter is currently pegged at $173.51 million, suggesting a year-over-year growth of 14.06%.
For fiscal 2023, DOCN anticipates total revenues between $680 million and $685 million.
Zacks Rank & Stocks to Consider
Currently, DOCN carries a Zacks Rank #4 (Sell).
Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL, NVDA and SPLK shares have returned 67.1%, 201% and 70.3%, respectively, year-to-date.
Long-term earnings growth rates for Dell Technologies, NVIDIA and SPLUNK are pegged at 12%,13.5% and 29.55%, respectively.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Splunk Inc. (SPLK) : Free Stock Analysis Report
DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 67.1%, 201% and 70.3%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and SPLUNK are pegged at 12%,13.5% and 29.55%, respectively.
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Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 67.1%, 201% and 70.3%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here. DELL, NVDA and SPLK shares have returned 67.1%, 201% and 70.3%, respectively, year-to-date.
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Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1(Strong Buy). DELL, NVDA and SPLK shares have returned 67.1%, 201% and 70.3%, respectively, year-to-date. Long-term earnings growth rates for Dell Technologies, NVIDIA and SPLUNK are pegged at 12%,13.5% and 29.55%, respectively.
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44511938-1ab2-4f7c-8d02-31d3c5a42ee7
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725297.0
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2023-10-05 00:00:00 UTC
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US STOCKS-Wall St falls after jobs data, worries over high Treasury yields remain
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-after-jobs-data-worries-over-high-treasury-yields-remain
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nan
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nan
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By Ankika Biswas and Shashwat Chauhan
Oct 5 (Reuters) - Wall Street's main indexes slipped on Thursday as recent data pointed to still-tight labor market conditions, while U.S. Treasury yields were still at elevated levels.
Even as longer-dated Treasury yields eased from 16-year highs on Wednesday, investors remain concerned that the elevated levels may continue to pressure equities.
Worries about U.S. government spending and its ballooning budget deficit have added to uncertainty around the interest rates trajectory, contributing to a steep selloff that have caused a rout in Treasury prices.
"That real yields are moving higher means that it's not just the inflation and oil prices move ... the market is asking a higher premium to invest in long-dated Treasuries," said Charles-Henry Monchau, chief investment officer at Syz Group.
Lower crude oil prices weighed on energy shares .SPNY and they were down 0.8%, while the utilities sector .SPLRCU, often considered a bond proxy, fell 1.3%.
Healthcare stocks .SPXHC rose 0.6% and were the least hit among the major S&P 500 sectors.
The Labor Department's report showed the number of Americans filing rose moderately last week, while layoffs declined in September, pointing to still-resilient labor market conditions.
Following a mixed jobs reports earlier this week, focus will be on the more comprehensive September non-farm payrolls data on Friday.
At 9:45 a.m. ET, the Dow Jones Industrial Average .DJI was down 62.18 points, or 0.19%, at 33,067.37, the S&P 500 .SPX was down 11.04 points, or 0.26%, at 4,252.71, and the Nasdaq Composite .IXIC was down 35.03 points, or 0.26%, at 13,200.98.
Traders put the chance of interest rates remaining unchanged in November and December at 80% and 63%, respectively, according to CME's FedWatch tool.
Federal Reserve policymakers including Minneapolis' Neel Kashkari, Richmond's Thomas Barkin, San Francisco's Mary Daly and Vice Chair for Supervision Michael Barr are set to speak during the day.
The race to replace ousted House Speaker Kevin McCarthy took shape on Wednesday as Steve Scalise, the chamber's No. 2 Republican, and Jim Jordan, a leading antagonist of Democratic President Joe Biden, said they would seek the post.
Among stocks, Clorox CLX.N fell 6.2% as the cleaning products maker said it expects to post a first-quarter loss.
Rivian AutomotiveRIVN.O dropped 15.7% after the EV maker said it plans to sell convertible green bonds worth $1.5 billion and forecast quarterly revenue to rise in line with estimates.
VinFastVFS.O gained 4% after the Vietnamese EV maker reported third-quarter revenue that more than doubled.
Dell TechnologiesDELL.N said it expects compounded annual revenue growth of 3% to 4% over the long term. Shares of the PC maker were down 1.2%.
Lamb Weston HoldingsLW.N rose 11% after the frozen potato products supplier raised its annual profit and sales forecast.
Declining issues outnumbered advancers for a 1.50-to-1 ratio on the NYSE and a 1.22-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and 12 new lows, while the Nasdaq recorded 15 new highs and 106 new lows.
(Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta)
((Ankika.Biswas@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell TechnologiesDELL.N said it expects compounded annual revenue growth of 3% to 4% over the long term. By Ankika Biswas and Shashwat Chauhan Oct 5 (Reuters) - Wall Street's main indexes slipped on Thursday as recent data pointed to still-tight labor market conditions, while U.S. Treasury yields were still at elevated levels. Worries about U.S. government spending and its ballooning budget deficit have added to uncertainty around the interest rates trajectory, contributing to a steep selloff that have caused a rout in Treasury prices.
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Dell TechnologiesDELL.N said it expects compounded annual revenue growth of 3% to 4% over the long term. By Ankika Biswas and Shashwat Chauhan Oct 5 (Reuters) - Wall Street's main indexes slipped on Thursday as recent data pointed to still-tight labor market conditions, while U.S. Treasury yields were still at elevated levels. The Labor Department's report showed the number of Americans filing rose moderately last week, while layoffs declined in September, pointing to still-resilient labor market conditions.
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Dell TechnologiesDELL.N said it expects compounded annual revenue growth of 3% to 4% over the long term. By Ankika Biswas and Shashwat Chauhan Oct 5 (Reuters) - Wall Street's main indexes slipped on Thursday as recent data pointed to still-tight labor market conditions, while U.S. Treasury yields were still at elevated levels. "That real yields are moving higher means that it's not just the inflation and oil prices move ... the market is asking a higher premium to invest in long-dated Treasuries," said Charles-Henry Monchau, chief investment officer at Syz Group.
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Dell TechnologiesDELL.N said it expects compounded annual revenue growth of 3% to 4% over the long term. By Ankika Biswas and Shashwat Chauhan Oct 5 (Reuters) - Wall Street's main indexes slipped on Thursday as recent data pointed to still-tight labor market conditions, while U.S. Treasury yields were still at elevated levels. The Labor Department's report showed the number of Americans filing rose moderately last week, while layoffs declined in September, pointing to still-resilient labor market conditions.
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da0f977f-f67a-4b68-8ba1-3f59216d87d8
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725298.0
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2023-10-05 00:00:00 UTC
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Dell forecasts 3-4% annual revenue growth over long term
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DELL
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https://www.nasdaq.com/articles/dell-forecasts-3-4-annual-revenue-growth-over-long-term
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nan
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nan
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Adds details, shares
Oct 5 (Reuters) - Dell Technologies DELL.N said on Thursday it expects compounded annual revenue growth of 3-4% over the long term.
The company also raised its share buyback plan by $5 billion, adding to its current $5 billion plan.
It plans to raise its quarterly dividend by 10% or more annually through fiscal 2028.
Shares of Dell were down nearly 3% in premarket trading.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Shounak Dasgupta and Anil D'Silva)
((yuvraj.malik@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details, shares Oct 5 (Reuters) - Dell Technologies DELL.N said on Thursday it expects compounded annual revenue growth of 3-4% over the long term. Shares of Dell were down nearly 3% in premarket trading. It plans to raise its quarterly dividend by 10% or more annually through fiscal 2028.
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Shares of Dell were down nearly 3% in premarket trading. Adds details, shares Oct 5 (Reuters) - Dell Technologies DELL.N said on Thursday it expects compounded annual revenue growth of 3-4% over the long term. The company also raised its share buyback plan by $5 billion, adding to its current $5 billion plan.
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Adds details, shares Oct 5 (Reuters) - Dell Technologies DELL.N said on Thursday it expects compounded annual revenue growth of 3-4% over the long term. Shares of Dell were down nearly 3% in premarket trading. The company also raised its share buyback plan by $5 billion, adding to its current $5 billion plan.
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Adds details, shares Oct 5 (Reuters) - Dell Technologies DELL.N said on Thursday it expects compounded annual revenue growth of 3-4% over the long term. Shares of Dell were down nearly 3% in premarket trading. The company also raised its share buyback plan by $5 billion, adding to its current $5 billion plan.
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fbfdfa5e-e3aa-4136-b4f5-b1a47d0977a6
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725299.0
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2023-10-05 00:00:00 UTC
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Zacks.com featured highlights Dell, HF Sinclair, Futu, BAE Systems and American Eagle Outfitters
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DELL
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-dell-hf-sinclair-futu-bae-systems-and-american-eagle
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nan
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nan
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For Immediate Release
Chicago, IL – October 5, 2023 – Stocks in this week’s article are Dell Technologies DELL, HF Sinclair Corp. DINO, Futu Holdings FUTU, BAE Systems plc BAESY and American Eagle Outfitters AEO.
5 Lucrative PEG-Driven GARP Stocks for Investors
The investing track of the Oracle of Omaha over the past few decades shows a gradual shift from being a pure-play value investor to a GARP (growth at a reasonable price) investor. The logic behind this is the effectiveness of a mixed investment strategy over pure-play, value or growth approaches of investments.
Several stocks, which have surged significantly in the recent past, show an overwhelming success of this hybrid investing strategy over pure-play value and growth investments. Here we will discuss the success of five such stocks. These include Dell Technologies, HF Sinclair Corp., Futu Holdings, BAE Systems plc and American Eagle Outfitters.
A Few More Words on GARP
The GARP theory enables the strategic mingling of growth and value-investing principles, giving us a hybrid strategy by utilizing the best features of both. What GARPers look for is whether or not the stocks are somewhat undervalued and have solid sustainable growth potential (Investopedia).
GARP investing gives priority to one of the popular value metrics — the price/earnings growth (PEG) ratio. Although it is categorized under value investing, this strategy follows the principles of both growth and value investing.
The PEG ratio is defined as (Price/ Earnings)/Earnings Growth Rate
It relates the stocks’ P/E ratio with the future earnings growth rate.
While P/E alone only gives an idea of stocks that are trading at a discount, PEG, while adding the growth element to it, helps to identify stocks that have solid future potential.
A lower PEG ratio, preferably less than 1, is always better for GARP investors.
Say for example, if a stock's P/E ratio is 10 and the expected long-term growth rate is 15%, the company's PEG will come down to 0.66, a ratio that indicates both undervaluation and future growth potential.
However, the question that often arises is whether the market has an adequate number of companies that are growing earnings while trading at reasonable valuations? Going by a CFA Institute Blog by Nicolas Rabener, “on average, 38% of all stocks exhibit a PEG ratio below 1, which is more than enough for security selection.”
Unfortunately, this ratio is often neglected due to investors' limitations in calculating the future earnings growth rate of a stock.
There are some drawbacks to using the PEG ratio though. It does not consider the common situation of changing growth rates, such as the forecast of the first three years at a very high growth rate followed by a sustainable but lower growth rate in the long term.
Hence, PEG-based investing can turn out to be even more rewarding if some other relevant parameters are also taken into consideration.
Here are five out of the seven stocks that qualified the screening:
Dell: It designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company’s Infrastructure Solutions Group segment provides traditional and next-generation storage solutions. The Client Solutions Group segment provides desktops, workstations and notebooks; displays, docking stations, and other electronics; and third-party software and peripherals, as well as support and deployment, configuration and extended warranty services.
Dell currently holds a Zacks Rank #1 and has a Value Score of A. It also has an impressive five-year expected growth rate of 12%.
HF Sinclair: The company is headquartered in Dallas, TX, is an independent energy company that produces and markets high value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products primarily in the Southwest U.S. and the Rocky Mountains, extending into the Pacific Northwest and in other neighboring Plains states.
HF Sinclair is an impressive value investment pick with its Zacks Rank #1 and a Value Score of A. Apart from a discounted PEG and P/E, it also has an impressive long-term historical growth rate of 35.8%.
Futu: It provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.
Futu can also be an impressive value investment pick with its Zacks Rank #1 and a Value Score of B. Apart from a discounted PEG and P/E, the stock has an impressive long-term expected growth rate of 17.1%. You can see the complete list of today’s Zacks #1 Rank stocks here.
BAE Systems: It provides defense, aerospace and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime.
BAE Systems has an impressive long-term historical growth rate of 14%. The stock currently has a Value Score of B and a Zacks Rank #1.
American Eagle: Based in Pittsburgh, PA, American Eagle is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15–25 years. American Eagle, along with its subsidiaries, engages in the designing and marketing of casual clothing. The company’s assortment includes jeans, cargo pants, graphic T-shirts as well as a range of accessories, outerwear and footwear.
American Eagle has an impressive long-term historical growth rate of 15.3%. The stock currently has a Value Score of A and a Zacks Rank #1.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2159867/5-lucrative-peg-driven-garp-stocks-for-investors
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Bae Systems PLC (BAESY) : Free Stock Analysis Report
Futu Holdings Limited Sponsored ADR (FUTU) : Free Stock Analysis Report
HF Sinclair Corporation (DINO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are five out of the seven stocks that qualified the screening: Dell: It designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. For Immediate Release Chicago, IL – October 5, 2023 – Stocks in this week’s article are Dell Technologies DELL, HF Sinclair Corp. DINO, Futu Holdings FUTU, BAE Systems plc BAESY and American Eagle Outfitters AEO. These include Dell Technologies, HF Sinclair Corp., Futu Holdings, BAE Systems plc and American Eagle Outfitters.
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For Immediate Release Chicago, IL – October 5, 2023 – Stocks in this week’s article are Dell Technologies DELL, HF Sinclair Corp. DINO, Futu Holdings FUTU, BAE Systems plc BAESY and American Eagle Outfitters AEO. These include Dell Technologies, HF Sinclair Corp., Futu Holdings, BAE Systems plc and American Eagle Outfitters. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Bae Systems PLC (BAESY) : Free Stock Analysis Report Futu Holdings Limited Sponsored ADR (FUTU) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Bae Systems PLC (BAESY) : Free Stock Analysis Report Futu Holdings Limited Sponsored ADR (FUTU) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – October 5, 2023 – Stocks in this week’s article are Dell Technologies DELL, HF Sinclair Corp. DINO, Futu Holdings FUTU, BAE Systems plc BAESY and American Eagle Outfitters AEO. These include Dell Technologies, HF Sinclair Corp., Futu Holdings, BAE Systems plc and American Eagle Outfitters.
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For Immediate Release Chicago, IL – October 5, 2023 – Stocks in this week’s article are Dell Technologies DELL, HF Sinclair Corp. DINO, Futu Holdings FUTU, BAE Systems plc BAESY and American Eagle Outfitters AEO. These include Dell Technologies, HF Sinclair Corp., Futu Holdings, BAE Systems plc and American Eagle Outfitters. Here are five out of the seven stocks that qualified the screening: Dell: It designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.
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