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725400.0
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2023-09-01 00:00:00 UTC
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US STOCKS-Futures move higher ahead of August jobs report
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DELL
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https://www.nasdaq.com/articles/us-stocks-futures-move-higher-ahead-of-august-jobs-report
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Futures up: Dow 0.35%, S&P 0.29%, Nasdaq 0.15%
Sept 1 (Reuters) - U.S. stock index futures were higher on Friday ahead of a reading that could show job growth likely slowed in August, wrapping up a data-packed week for any fresh clues on the Federal Reserve's monetary policy trajectory.
The Labor Department's closely watched nonfarm payrolls report for August is due at 8:30 a.m. ET.
The unemployment rate is forecast to remain unchanged at 3.5%, while non-farm payrolls is seen at 170,000 additions last month, down from 187,000 in July.
"There have been indicators that the U.S. jobs market is finally starting to lose some of its tightness, and if the NFP print confirms this trend, it will be one less thing for the FOMC to worry," said Tim Waterer, chief market analyst at KCM Trade.
The Nasdaq index .IXIC ended higher on Thursday after a key inflation reading matched estimates, supporting hopes of the Fed hitting a pause on its market-punishing tightening campaign.
Other data points are also on the radar for the day, with the S&P Global Manufacturing Final PMI due at 9:45 a.m. ET and the ISM Manufacturing PMI due at 10 a.m. ET. Both readings are for August.
Money markets see an 89% chance of a rate-hike pause in the September policy meeting and a 56% chance of a pause in the November meeting, according to the CME FedWatch Tool.
BroadcomAVGO.O fell 4.4% premarket as the chipmaker projected current-quarter revenue below expectations on softening enterprise demand.
At 5:38 a.m. ET, Dow e-minis 1YMcv1 were up 123 points, or 0.35%, S&P 500 e-minis EScv1 were up 13.25 points, or 0.29%, and Nasdaq 100 e-minis NQcv1 were up 23.5 points, or 0.15%.
Dell TechnologiesDELL.N jumped 9.4% after the personal computer maker raised its annual forecast for revenue and profit as it benefits from the artificial intelligence boom.
(Reporting by Shristi Achar A in Bengaluru)
((Shristi.AcharA@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 jumped 9.4% after the personal computer maker raised its annual forecast for revenue and profit as it benefits from the artificial intelligence boom. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures up: Dow 0.35%, S&P 0.29%, Nasdaq 0.15% Sept 1 (Reuters) - U.S. stock index futures were higher on Friday ahead of a reading that could show job growth likely slowed in August, wrapping up a data-packed week for any fresh clues on the Federal Reserve's monetary policy trajectory. The Nasdaq index .IXIC ended higher on Thursday after a key inflation reading matched estimates, supporting hopes of the Fed hitting a pause on its market-punishing tightening campaign.
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Dell TechnologiesDELL.N jumped 9.4% after the personal computer maker raised its annual forecast for revenue and profit as it benefits from the artificial intelligence boom. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures up: Dow 0.35%, S&P 0.29%, Nasdaq 0.15% Sept 1 (Reuters) - U.S. stock index futures were higher on Friday ahead of a reading that could show job growth likely slowed in August, wrapping up a data-packed week for any fresh clues on the Federal Reserve's monetary policy trajectory. Other data points are also on the radar for the day, with the S&P Global Manufacturing Final PMI due at 9:45 a.m.
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Dell TechnologiesDELL.N jumped 9.4% after the personal computer maker raised its annual forecast for revenue and profit as it benefits from the artificial intelligence boom. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures up: Dow 0.35%, S&P 0.29%, Nasdaq 0.15% Sept 1 (Reuters) - U.S. stock index futures were higher on Friday ahead of a reading that could show job growth likely slowed in August, wrapping up a data-packed week for any fresh clues on the Federal Reserve's monetary policy trajectory. ET, Dow e-minis 1YMcv1 were up 123 points, or 0.35%, S&P 500 e-minis EScv1 were up 13.25 points, or 0.29%, and Nasdaq 100 e-minis NQcv1 were up 23.5 points, or 0.15%.
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Dell TechnologiesDELL.N jumped 9.4% after the personal computer maker raised its annual forecast for revenue and profit as it benefits from the artificial intelligence boom. The Labor Department's closely watched nonfarm payrolls report for August is due at 8:30 a.m. Other data points are also on the radar for the day, with the S&P Global Manufacturing Final PMI due at 9:45 a.m.
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822250a0-0f9b-4b9d-9860-c54d9df60ef8
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725401.0
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2023-08-31 00:00:00 UTC
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Investing in the $150 Billion Artificial Intelligence (AI) Server Boom: Chip Stocks to Watch
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DELL
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https://www.nasdaq.com/articles/investing-in-the-%24150-billion-artificial-intelligence-ai-server-boom%3A-chip-stocks-to-watch
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nan
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nan
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The video focuses on Foxconn management's recent commentary during itsearnings callabout the growth expectations for the AI server market. Also, we'll talk about some companies that can benefit from the accelerated growth. Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below.
*Stock prices used were the market prices of Aug. 22, 2023. The video was published on Aug. 30, 2023.
10 stocks we like better than Super Micro Computer
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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 August 28, 2023
Billy Duberstein has positions in 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. Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The video focuses on Foxconn management's recent commentary during itsearnings callabout the growth expectations for the AI server market. Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. * 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! See the 10 stocks *Stock Advisor returns as of August 28, 2023 Billy Duberstein has positions in 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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10 stocks we like better than Super Micro Computer When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of August 28, 2023 Billy Duberstein has positions in 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. If you choose to subscribe through their link they will earn some extra money that supports their channel.
|
Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. * 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! Their opinions remain their own and are unaffected by The Motley Fool.
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4aa48cbf-7880-4b7a-a610-ea8d391a72e3
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725402.0
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2023-08-31 00:00:00 UTC
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Dell Technologies (DELL) Beats Q2 Earnings and Revenue Estimates
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-beats-q2-earnings-and-revenue-estimates
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nan
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nan
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Dell Technologies (DELL) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 53.98%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $0.87 per share when it actually produced earnings of $1.31, delivering a surprise of 50.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.93 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 10.36%. This compares to year-ago revenues of $26.43 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dell Technologies shares have added about 38.5% since the beginning of the year versus the S&P 500's gain of 17.6%.
What's Next for Dell Technologies?
While Dell Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dell Technologies: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.36 on $21.41 billion in revenues for the coming quarter and $5.56 on $86.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, C3.ai, Inc. (AI), is yet to report results for the quarter ended July 2023. The results are expected to be released on September 6.
This company is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of -41.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
C3.ai, Inc.'s revenues are expected to be $71.46 million, up 9.4% from the year-ago quarter.
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
C3.ai, Inc. (AI) : 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) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.13 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.93 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 10.36%. Dell Technologies shares have added about 38.5% since the beginning of the year versus the S&P 500's gain of 17.6%.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.93 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 10.36%. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies (DELL) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.13 per share.
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Dell Technologies (DELL) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.13 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.93 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 10.36%. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies (DELL) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.13 per share. While Dell Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $22.93 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 10.36%.
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613a2a95-efcf-45c0-88fd-dc11edc6f583
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725403.0
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2023-08-31 00:00:00 UTC
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Dell beats quarterly revenue estimates on AI strength, demand recovery
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DELL
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https://www.nasdaq.com/articles/dell-beats-quarterly-revenue-estimates-on-ai-strength-demand-recovery
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nan
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nan
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Adds shares in paragraph 2
Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
Shares of the Round Rock, Texas-based company rose 5% in extended trading.
Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said.
The company, which earlier this year slashed more than 6,000 jobs, is expected to see a demand boost for its PowerEdge servers and generative AI designs with Nvidia NVDA.O from rising investments in artificial intelligence by Big Tech companies.
"AI is already showing it's a long-term tailwind, with continued demand growth across our portfolio," Clarke said.
Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said.
The personal computer maker reported revenue of $22.93 billion for the quarter ended Aug. 4, compared with estimates of $20.85 billion, according to Refinitiv data.
Revenue at the company's client solutions group - home to its consumer and enterprise PC business - rose 8% from the first quarter to $12.94 billion.
Its infrastructure solutions group which includes servers, storage devices and networking hardware, reported revenue of $8.46 billion, up 11% sequentially.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)
((Zaheer.Kachwala@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 shares in paragraph 2 Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said.
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Adds shares in paragraph 2 Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said.
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Adds shares in paragraph 2 Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said.
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Adds shares in paragraph 2 Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said.
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6f190200-3d5b-48b3-83f5-635042249cce
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725404.0
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2023-08-31 00:00:00 UTC
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First Week of September 15th Options Trading For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/first-week-of-september-15th-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 September 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $55.00 strike price has a current bid of $1.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $55.00, but will also collect the premium, putting the cost basis of the shares at $53.80 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $56.43/share today.
Because the $55.00 strike represents an approximate 3% 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 67%. 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 2.18% return on the cash commitment, or 53.09% 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 $55.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $57.00 strike price has a current bid of $1.65. If an investor was to purchase shares of DELL stock at the current price level of $56.43/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $57.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.93% if the stock gets called away at the September 15th 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 $57.00 strike highlighted in red:
Considering the fact that the $57.00 strike represents an approximate 1% 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 54%. 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 2.92% boost of extra return to the investor, or 71.15% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 44%, while the implied volatility in the call contract example is 43%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $56.43) to be 32%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Larry Robbins Stock Picks
IMXI Average Annual Return
TAXF Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below is a chart showing DELL's trailing twelve month trading history, with the $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 September 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 15th 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 $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 September 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 15th 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 $55.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $57.00 strike price has a current bid of $1.65. Below is a chart showing DELL's trailing twelve month trading history, with the $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 September 15th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 15th 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 $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 September 15th expiration.
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1ab5d035-5313-4143-9003-1adfc74101f2
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725405.0
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2023-08-31 00:00:00 UTC
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After-Hours Earnings Report for August 31, 2023 : AVGO, VMW, LULU, MDB, DELL, NTNX, ESTC, IOT, S, HCP, PD, OXM
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-august-31-2023-%3A-avgo-vmw-lulu-mdb-dell-ntnx-estc-iot-s
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nan
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nan
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The following companies are expected to report earnings after hours on 08/31/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Broadcom Inc. (AVGO)is reporting for the quarter ending July 31, 2023. The electric company company's consensus earnings per share forecast from the 11 analysts that follow the stock is $9.42. This value represents a 3.86% increase compared to the same quarter last year. In the past year AVGO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.71%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AVGO is 23.33 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Vmware, Inc. (VMW)is reporting for the quarter ending July 31, 2023. The computer software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.11. This value represents a 12.12% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for VMW is 37.37 vs. an industry ratio of -81.80, implying that they will have a higher earnings growth than their competitors in the same industry.
lululemon athletica inc. (LULU)is reporting for the quarter ending July 31, 2023. The textile company's consensus earnings per share forecast from the 15 analysts that follow the stock is $2.53. This value represents a 15.00% increase compared to the same quarter last year. In the past year LULU has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 15.74%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for LULU is 31.58 vs. an industry ratio of 20.50, implying that they will have a higher earnings growth than their competitors in the same industry.
MongoDB, Inc. (MDB)is reporting for the quarter ending July 31, 2023. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.70. This value represents a 58.58% increase compared to the same quarter last year. MDB missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -11.18%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MDB is -134.11 vs. an industry ratio of 272.40.
Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.88. This value represents a 38.46% decrease compared to the same quarter last year. In the past year DELL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 84.75%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 12.11 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Nutanix, Inc. (NTNX)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.16. This value represents a 69.81% increase compared to the same quarter last year. In the past year NTNX and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NTNX is -44.65 vs. an industry ratio of 4.00.
Elastic N.V. (ESTC)is reporting for the quarter ending July 31, 2023. The technology services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.41. This value represents a 38.81% increase compared to the same quarter last year. ESTC missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -17.54%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ESTC is -51.06 vs. an industry ratio of -7.70.
Samsara Inc. (IOT)is reporting for the quarter ending July 31, 2023. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.12. This value represents a 7.69% increase compared to the same quarter last year. In the past year IOT has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2024 Price to Earnings ratio for IOT is -65.29 vs. an industry ratio of 272.40.
SentinelOne, Inc. (S)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.33. This value represents a 3.13% decrease compared to the same quarter last year. S missed the consensus earnings per share in the 2nd calendar quarter of 2023 by -6.06%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for S is -13.24 vs. an industry ratio of 4.00.
HashiCorp, Inc. (HCP)is reporting for the quarter ending July 31, 2023. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.38. This value represents a 5.00% increase compared to the same quarter last year. In the past year HCP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 24.32%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for HCP is -25.56 vs. an industry ratio of 272.40.
PagerDuty, Inc. (PD)is reporting for the quarter ending July 31, 2023. The internet software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.24. This value represents a 38.46% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for PD is -45.00 vs. an industry ratio of 272.40.
Oxford Industries, Inc. (OXM)is reporting for the quarter ending July 31, 2023. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $3.46. This value represents a 4.16% decrease compared to the same quarter last year. In the past year OXM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.07%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for OXM is 9.17 vs. an industry ratio of 20.50.
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 reporting for the quarter ending July 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 12.11 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 12.11 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 12.11 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry. Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2023. In the past year DELL has beat the expectations every quarter.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 12.11 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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b38f95e8-7803-44d2-85dc-10269925108a
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725406.0
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2023-08-31 00:00:00 UTC
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Dell beats quarterly revenue estimates on AI strength, demand recovery
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DELL
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https://www.nasdaq.com/articles/dell-beats-quarterly-revenue-estimates-on-ai-strength-demand-recovery-0
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nan
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nan
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Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said.
The company, which earlier this year slashed more than 6,000 jobs, is expected to see a demand boost for its PowerEdge servers and generative AI designs with Nvidia NVDA.O from rising investments in artificial intelligence by Big Tech companies.
"AI is already showing it's a long-term tailwind, with continued demand growth across our portfolio," Clarke said.
Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said.
The personal computer maker reported revenue of $22.93 billion for the quarter ended Aug. 4, compared with estimates of $20.85 billion, according to Refinitiv data.
Revenue at the company's client solutions group - home to its consumer and enterprise PC business - rose 8% from the first quarter to $12.94 billion.
Its infrastructure solutions group which includes servers, storage devices and networking hardware, reported revenue of $8.46 billion, up 11% sequentially.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)
((Zaheer.Kachwala@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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Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said.
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Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said.
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Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said.
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Aug 31 (Reuters) - Dell Technologies DELL.N beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Servers and networking revenue for the second quarter came in at $4.27 billion, up 11% from the first quarter, driven by higher demand for AI-optimized servers, Dell said. Dell is also seeing a better demand environment, Chief Operating Officer Jeff Clarke said.
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1f183f23-8dfd-423a-a16f-13e5086a638c
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725407.0
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2023-08-31 00:00:00 UTC
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Dell Technologies (DELL) Reports Q2 Earnings: What Key Metrics Have to Say
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-reports-q2-earnings%3A-what-key-metrics-have-to-say
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nan
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nan
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For the quarter ended July 2023, Dell Technologies (DELL) reported revenue of $22.93 billion, down 13.2% over the same period last year. EPS came in at $1.74, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of +10.36% over the Zacks Consensus Estimate of $20.78 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +53.98%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. The reported number represents a change of -16.5% year over year.
Net Revenue- Infrastructure Solutions Group: $8.46 billion versus $7.35 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
Net Revenue- Client Solutions Group- Consumer: $2.39 billion versus the three-analyst average estimate of $2.19 billion.
Net Revenue- Infrastructure Solutions Group- Storage: $4.19 billion compared to the $3.82 billion average estimate based on three analysts.
Net Revenue- Client Solutions Group- Commercial: $10.55 billion versus the three-analyst average estimate of $9.92 billion.
Net Revenue- Infrastructure Solutions Group- Servers and networking: $4.27 billion versus the three-analyst average estimate of $2.39 billion.
Operating Income- Client Solutions Group: $969 million versus the two-analyst average estimate of $806.76 million.
Operating Income- Infrastructure Solutions Group: $1.05 billion versus $719.31 million estimated by two analysts on average.
View all Key Company Metrics for Dell Technologies here>>>
Shares of Dell Technologies have returned +5.2% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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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 quarter ended July 2023, Dell Technologies (DELL) reported revenue of $22.93 billion, down 13.2% over the same period last year. Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. For the quarter ended July 2023, Dell Technologies (DELL) reported revenue of $22.93 billion, down 13.2% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. For the quarter ended July 2023, Dell Technologies (DELL) reported revenue of $22.93 billion, down 13.2% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. View all Key Company Metrics for Dell Technologies here>>> For the quarter ended July 2023, Dell Technologies (DELL) reported revenue of $22.93 billion, down 13.2% over the same period last year.
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db628228-20fd-4c75-8eca-365015acb98c
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725408.0
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2023-08-31 00:00:00 UTC
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S&P Futures Tick Higher Ahead of Key U.S. Inflation Data
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DELL
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https://www.nasdaq.com/articles/sp-futures-tick-higher-ahead-of-key-u.s.-inflation-data
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nan
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nan
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September S&P 500 futures (ESU23) are trending up +0.06% this morning as market participants looked ahead to a reading on the Federal Reserve’s preferred inflation gauge.
In Wednesday’s trading session, Wall Street’s major averages ended in the green, with the benchmark S&P 500 rising to a 2-1/2 week high, the blue-chip Dow notching a 2-week high, and the tech-heavy Nasdaq 100 rising to a 3-1/2 week high. Insulet Corporation (PODD) climbed over +6% and was the top percentage gainer on the S&P 500 after the insulin pump maker’s CEO, James Hollingshead, disclosed the purchase of more than $1M worth of company shares. Also, Apple Inc (AAPL) rose more than +1% after Citigroup reiterated its Buy rating on the stock, expressing optimism regarding the upcoming launch of the iPhone 15 scheduled for September 12th. In addition, Netflix (NFLX) gained about +1% after Truist Securities raised its price target on the stock to $485 from $339. On the bearish side, HP Inc (HPQ) fell more than -6% after the PC giant posted mixed Q3 results and cut its full-year cash flow and profit outlook.
The ADP National Employment report on Wednesday showed private payrolls rose by 177K jobs in August, much lower than the consensus figure of 195K, signaling a softening labor market. Also, the second estimate of U.S. Q2 GDP was revised downward to +2.1% q/q from +2.4% q/q. At the same time, U.S. July pending home sales unexpectedly rose +0.9% m/m, stronger than expectations of -0.6% m/m.
“We’re back to a spot now where bad news is something of good news. The most recent data really shows that the economy is not overheating, and it keeps this sort of Goldilocks hope alive. It puts us back in the situation where we don’t have as much fear of additional rate hikes at this point,” said David Russell, global head of market strategy at TradeStation.
Meanwhile, U.S. rate futures have priced in an 11.5% probability of a 25 basis point rate increase at the September FOMC meeting and a 40.0% chance of a 25 basis point rate hike at November’s monetary policy meeting.
On the earnings front, notable companies like Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Dollar General (DG), and Campbell Soup (CPB) are slated to release their quarterly results today.
Today, all eyes are focused on the U.S. core personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, in a couple of hours. Economists, on average, forecast that the Core PCE Price Index will come in at +0.2% m/m and +4.2% y/y in July, compared to the previous values of +0.2% m/m and +4.1% y/y.
Also, investors will likely focus on the U.S. Chicago PMI reading, which stood at 42.8 in July. Economists foresee the August figure to be 44.1.
U.S. Personal Spending data will also be closely watched today. Economists forecast Personal Spending to be at +0.7% m/m in July, compared to the previous figure of +0.5% m/m.
U.S. Initial Jobless Claims data will be reported today as well. Economists estimate this figure to be 235K, compared to last week’s value of 230K.
In the bond markets, United States 10-year rates are at 4.103%, down -0.29%.
The Euro Stoxx 50 futures are up +0.07% this morning as investors digested a slew of important regional economic data while exercising caution in anticipation of the U.S. inflation print. Financial and real estate stocks gained ground on Thursday, while food and beverage stocks underperformed. Eurostat data showed on Thursday that Eurozone headline inflation unexpectedly remained unchanged in August, but underlying price growth fell as expected. Meanwhile, European Central Bank Executive Board member Isabel Schnabel said Thursday that the growth outlook for the euro area is bleaker than officials predicted in June, while underlying inflation remains “stubbornly high.” In corporate news, UBS Group Ag (UBSG.Z.IX) climbed over +6% after reporting the biggest-ever quarterly profit, attributed to its emergency acquisition of Credit Suisse Group AG.
Germany’s Retail Sales, France’s CPI (preliminary), France’s GDP, Germany’s Unemployment Change, Germany’s Unemployment Rate, Italy’s CPI (preliminary), Eurozone’s Unemployment Rate, Eurozone’s CPI (preliminary), and Eurozone’s Core CPI (preliminary) data were released today.
The German July Retail Sales stood at -0.8% m/m and -2.2% y/y, weaker than expectations of +0.3% m/m and -1.0% y/y.
The French August CPI came in at +1.0% m/m and +4.8% y/y, stronger than expectations of +0.8% m/m and +4.6% y/y.
The French GDP has been reported at +0.5% q/q in the second quarter, in line with expectations.
The German August Unemployment Change arrived at 18K, weaker than expectations of 10K.
The German August Unemployment Rate was at 5.7%, in line with expectations.
The Italian August CPI stood at +0.4% m/m and +5.5% y/y, stronger than expectations of +0.1% m/m and +5.3% y/y.
Eurozone July Unemployment Rate was at 6.4%, in line with expectations.
Eurozone August CPI has been reported at +0.6% m/m and +5.3% y/y, stronger than expectations of +0.4% m/m and +5.1% y/y.
Eurozone August Core CPI came in at +0.3% m/m and +5.3% y/y, in line with expectations.
Asian stock markets today closed mixed. China’s Shanghai Composite Index (SHCOMP) closed down -0.55%, and Japan’s Nikkei 225 Stock Index (NIK) closed up +0.88%.
China’s Shanghai Composite today closed lower as mixed business activity data weighed on risk appetite. An official factory survey showed Thursday that China’s manufacturing activity contracted for a fifth consecutive month in August, although the pace was slower than anticipated. Also, the services PMI showed slowing expansion, raising concerns that a downturn in the property sector was impacting the economy. Meanwhile, the People’s Bank of China met with lenders and private enterprises on Wednesday, pledging to enhance their access to funding as part of an initiative to stimulate economic growth. In other news, the southern business hubs of Guangzhou and Shenzhen implemented eased regulations on home purchases on Wednesday, allowing more individuals to access favorable mortgage conditions for their initial home purchases.
The Chinese August Manufacturing PMI stood at 49.7, stronger than expectations of 49.4.
The Chinese August Non-Manufacturing PMI came in at 51.0, weaker than expectations of 51.1.
At the same time, Japan’s Nikkei 225 Stock Index closed higher today, buoyed by gains in automobile stocks after Toyota Motor posted record monthly global sales, while stronger-than-expected retail sales data also boosted sentiment. Government data showed on Thursday that Japanese retail sales rose more than expected in July, extending a streak of expansion for the 17th consecutive month since March 2022. Separately, Japan’s factory output experienced a larger-than-anticipated decline in July, indicating a challenging start to the second half of the year for manufacturers. Meanwhile, automobile stocks outperformed on Thursday, underpinned by a more than +2% gain in Toyota Motor Corp after the automaker posted an 8% increase in July global sales to a record 859,506 vehicles. Chip stocks also gained ground, with chip-making equipment maker Tokyo Electron and chip-testing equipment maker Advantest rising over +1%. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -4.79% to 16.89.
The Japanese July Industrial Production stood at -2.0% m/m, weaker than expectations of -1.4% m/m.
The Japanese July Retail Sales came in at +6.8% y/y, stronger than expectations of +5.4% y/y.
Pre-Market U.S. Stock Movers
Okta Inc (OKTA) climbed over +9% in pre-market trading after the company posted upbeat Q2 results and raised its FY24 guidance.
Salesforce Inc (CRM) soared more than +5% in pre-market trading after the cloud-computing giant posted better-than-expected Q2 results and lifted its FY24 guidance.
UGI Corporation (UGI) gained over +8% in pre-market trading after announcing that its Board of Directors initiated a process to evaluate potential strategic alternatives, especially focusing on the LPG businesses.
Victoria’s Secret & Co (VSCO) plunged more than -6% in pre-market trading after the company reported downbeat Q2 results and issued a soft Q3 outlook.
Crowdstrike Holdings Inc (CRWD) rose over +1% in pre-market trading after the cyber security company posted upbeat Q2 results and provided better-than-expected Q3 guidance.
Palantir Technologies Inc (PLTR) dropped more than -4% in pre-market trading after Morgan Stanley downgraded the stock to Underweight from Equal Weight.
Medical Properties Trust Inc (MPW) fell over -1% in pre-market trading after Mizuho downgraded the stock to Neutral from Buy.
You can see more pre-market stock movers here
Today’s U.S. Earnings Spotlight: Thursday - August 31st
Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Canadian Imperial Bank (CM), Dollar General (DG), Hormel Foods (HRL), Ke Hldg (BEKE), Campbell Soup (CPB), Polestar Automotive Holding A (PSNY), Nutanix (NTNX), Ciena Corp (CIEN), Elastic (ESTC), Hashicorp (HCP), Ollies Bargain Outlet Holdings Inc (OLLI), Academy Sports (ASO), Signet Jewelers (SIG), Chindata (CD), Pagerduty (PD), Hello Group (MOMO), Oxford Industries (OXM), Arco Platform (ARCE), Caleres (CAL), Quanex Building Products (NX), Amark Preci (AMRK), Titan Machinery (TITN), Genesco (GCO).
More Stock Market News from Barchart
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On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy 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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You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Thursday - August 31st Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Canadian Imperial Bank (CM), Dollar General (DG), Hormel Foods (HRL), Ke Hldg (BEKE), Campbell Soup (CPB), Polestar Automotive Holding A (PSNY), Nutanix (NTNX), Ciena Corp (CIEN), Elastic (ESTC), Hashicorp (HCP), Ollies Bargain Outlet Holdings Inc (OLLI), Academy Sports (ASO), Signet Jewelers (SIG), Chindata (CD), Pagerduty (PD), Hello Group (MOMO), Oxford Industries (OXM), Arco Platform (ARCE), Caleres (CAL), Quanex Building Products (NX), Amark Preci (AMRK), Titan Machinery (TITN), Genesco (GCO). On the earnings front, notable companies like Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Dollar General (DG), and Campbell Soup (CPB) are slated to release their quarterly results today. Insulet Corporation (PODD) climbed over +6% and was the top percentage gainer on the S&P 500 after the insulin pump maker’s CEO, James Hollingshead, disclosed the purchase of more than $1M worth of company shares.
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On the earnings front, notable companies like Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Dollar General (DG), and Campbell Soup (CPB) are slated to release their quarterly results today. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Thursday - August 31st Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Canadian Imperial Bank (CM), Dollar General (DG), Hormel Foods (HRL), Ke Hldg (BEKE), Campbell Soup (CPB), Polestar Automotive Holding A (PSNY), Nutanix (NTNX), Ciena Corp (CIEN), Elastic (ESTC), Hashicorp (HCP), Ollies Bargain Outlet Holdings Inc (OLLI), Academy Sports (ASO), Signet Jewelers (SIG), Chindata (CD), Pagerduty (PD), Hello Group (MOMO), Oxford Industries (OXM), Arco Platform (ARCE), Caleres (CAL), Quanex Building Products (NX), Amark Preci (AMRK), Titan Machinery (TITN), Genesco (GCO). Germany’s Retail Sales, France’s CPI (preliminary), France’s GDP, Germany’s Unemployment Change, Germany’s Unemployment Rate, Italy’s CPI (preliminary), Eurozone’s Unemployment Rate, Eurozone’s CPI (preliminary), and Eurozone’s Core CPI (preliminary) data were released today.
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You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Thursday - August 31st Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Canadian Imperial Bank (CM), Dollar General (DG), Hormel Foods (HRL), Ke Hldg (BEKE), Campbell Soup (CPB), Polestar Automotive Holding A (PSNY), Nutanix (NTNX), Ciena Corp (CIEN), Elastic (ESTC), Hashicorp (HCP), Ollies Bargain Outlet Holdings Inc (OLLI), Academy Sports (ASO), Signet Jewelers (SIG), Chindata (CD), Pagerduty (PD), Hello Group (MOMO), Oxford Industries (OXM), Arco Platform (ARCE), Caleres (CAL), Quanex Building Products (NX), Amark Preci (AMRK), Titan Machinery (TITN), Genesco (GCO). On the earnings front, notable companies like Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Dollar General (DG), and Campbell Soup (CPB) are slated to release their quarterly results today. Germany’s Retail Sales, France’s CPI (preliminary), France’s GDP, Germany’s Unemployment Change, Germany’s Unemployment Rate, Italy’s CPI (preliminary), Eurozone’s Unemployment Rate, Eurozone’s CPI (preliminary), and Eurozone’s Core CPI (preliminary) data were released today.
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On the earnings front, notable companies like Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Dollar General (DG), and Campbell Soup (CPB) are slated to release their quarterly results today. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Thursday - August 31st Broadcom (AVGO), VMware (VMW), Lululemon Athletica (LULU), Dell Tech (DELL), Canadian Imperial Bank (CM), Dollar General (DG), Hormel Foods (HRL), Ke Hldg (BEKE), Campbell Soup (CPB), Polestar Automotive Holding A (PSNY), Nutanix (NTNX), Ciena Corp (CIEN), Elastic (ESTC), Hashicorp (HCP), Ollies Bargain Outlet Holdings Inc (OLLI), Academy Sports (ASO), Signet Jewelers (SIG), Chindata (CD), Pagerduty (PD), Hello Group (MOMO), Oxford Industries (OXM), Arco Platform (ARCE), Caleres (CAL), Quanex Building Products (NX), Amark Preci (AMRK), Titan Machinery (TITN), Genesco (GCO). Eurozone August CPI has been reported at +0.6% m/m and +5.3% y/y, stronger than expectations of +0.4% m/m and +5.1% y/y.
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509ed236-5d52-4fee-8a75-bd1d709b77cb
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725409.0
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2023-08-30 00:00:00 UTC
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India says Dell, HP among 32 firms that applied to make laptops locally
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DELL
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https://www.nasdaq.com/articles/india-says-dell-hp-among-32-firms-that-applied-to-make-laptops-locally
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nan
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nan
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NEW DELHI, Aug 30 (Reuters) - At least 32 international electronics companies have applied to India's incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports.
Prime Minister Narendra Modi's government is pushing to boost domestic manufacturing capacity under its "Make in India" initiative, with several global companies either setting up their own units or entering joint ventures with Indian firms.
The applications by the electronics companies were made under the country's $2 billion production-linked incentive (PLI) programme for information technology hardware, announced in May, Information Technology Minister Ashwini Vaishnaw said.
Earlier this month, India said it would impose a licensing requirement for imports of laptops, tablets and personal computers, which was widely seen as a move to boost local production.
The companies that have applied to make laptops and other products in India include Hewlett Packard Enterprise Co HPE.N, Dell Technologies DELL.N, Asus 2357.TW, Acer 2353.TW and Lenovo 0992.HK, said Vaishnaw, according to a video feed from ANI news agency, in which Reuters has a minority stake.
The PLI scheme for IT hardware is expected to bring 24.3 billion rupees ($294.24 million) of incremental investment and is likely to generate 75,000 direct jobs, the minister said.
($1 = 82.5855 Indian rupees)
(Reporting by Blassy Boben; editing by Jonathan Oatis)
((blassy.boben@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 companies that have applied to make laptops and other products in India include Hewlett Packard Enterprise Co HPE.N, Dell Technologies DELL.N, Asus 2357.TW, Acer 2353.TW and Lenovo 0992.HK, said Vaishnaw, according to a video feed from ANI news agency, in which Reuters has a minority stake. Prime Minister Narendra Modi's government is pushing to boost domestic manufacturing capacity under its "Make in India" initiative, with several global companies either setting up their own units or entering joint ventures with Indian firms. Earlier this month, India said it would impose a licensing requirement for imports of laptops, tablets and personal computers, which was widely seen as a move to boost local production.
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The companies that have applied to make laptops and other products in India include Hewlett Packard Enterprise Co HPE.N, Dell Technologies DELL.N, Asus 2357.TW, Acer 2353.TW and Lenovo 0992.HK, said Vaishnaw, according to a video feed from ANI news agency, in which Reuters has a minority stake. NEW DELHI, Aug 30 (Reuters) - At least 32 international electronics companies have applied to India's incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports. The applications by the electronics companies were made under the country's $2 billion production-linked incentive (PLI) programme for information technology hardware, announced in May, Information Technology Minister Ashwini Vaishnaw said.
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The companies that have applied to make laptops and other products in India include Hewlett Packard Enterprise Co HPE.N, Dell Technologies DELL.N, Asus 2357.TW, Acer 2353.TW and Lenovo 0992.HK, said Vaishnaw, according to a video feed from ANI news agency, in which Reuters has a minority stake. NEW DELHI, Aug 30 (Reuters) - At least 32 international electronics companies have applied to India's incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports. The applications by the electronics companies were made under the country's $2 billion production-linked incentive (PLI) programme for information technology hardware, announced in May, Information Technology Minister Ashwini Vaishnaw said.
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The companies that have applied to make laptops and other products in India include Hewlett Packard Enterprise Co HPE.N, Dell Technologies DELL.N, Asus 2357.TW, Acer 2353.TW and Lenovo 0992.HK, said Vaishnaw, according to a video feed from ANI news agency, in which Reuters has a minority stake. NEW DELHI, Aug 30 (Reuters) - At least 32 international electronics companies have applied to India's incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports. Prime Minister Narendra Modi's government is pushing to boost domestic manufacturing capacity under its "Make in India" initiative, with several global companies either setting up their own units or entering joint ventures with Indian firms.
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36563e33-6328-4ad3-b444-1692a4e4f462
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725410.0
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2023-08-30 00:00:00 UTC
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Pre-Market Most Active for Aug 30, 2023 : SQQQ, SNAP, TQQQ, NVDA, TSLA, MRVL, NIO, AMD, PLTR, LVS, DELL, DNA
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-for-aug-30-2023-%3A-sqqq-snap-tqqq-nvda-tsla-mrvl-nio-amd-pltr-lvs
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 13.57 to 15,390.12. The total Pre-Market volume is currently 82,508,465 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro Short QQQ (SQQQ) is -0.03 at $18.11, with 3,099,852 shares traded. This represents a 10.56% increase from its 52 Week Low.
Snap Inc. (SNAP) is +0.03 at $9.92, with 2,557,639 shares traded. SNAP's current last sale is 99.2% of the target price of $10.
ProShares UltraPro QQQ (TQQQ) is +0.1 at $41.47, with 2,433,328 shares traded. This represents a 157.58% increase from its 52 Week Low.
NVIDIA Corporation (NVDA) is +4.46 at $492.30, with 2,291,136 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $2.9. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
Tesla, Inc. (TSLA) is -0.68 at $256.50, with 1,672,107 shares traded. TSLA's current last sale is 97.71% of the target price of $262.5.
Marvell Technology, Inc. (MRVL) is unchanged at $56.12, with 1,654,599 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $0.24. As reported by Zacks, the current mean recommendation for MRVL is in the "buy range".
NIO Inc. (NIO) is -0.23 at $10.66, with 1,470,787 shares traded. NIO's current last sale is 71.07% of the target price of $15.
Advanced Micro Devices, Inc. (AMD) is +0.07 at $105.99, with 1,447,634 shares traded. As reported by Zacks, the current mean recommendation for AMD is in the "buy range".
Palantir Technologies Inc. (PLTR) is +0.14 at $15.54, with 871,136 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.03. PLTR's current last sale is 124.32% of the target price of $12.5.
Las Vegas Sands Corp. (LVS) is +0.02 at $54.60, with 677,234 shares traded. As reported by Zacks, the current mean recommendation for LVS is in the "buy range".
Dell Technologies Inc. (DELL) is -1.04 at $55.46, with 537,507 shares traded.DELL is scheduled to provide an earnings report on 8/31/2023, for the fiscal quarter ending Jul2023. The consensus earnings per share forecast is 0.88 per share, which represents a 143 percent increase over the EPS one Year Ago
Ginkgo Bioworks Holdings, Inc. (DNA) is unchanged at $2.22, with 495,810 shares traded. DNA's current last sale is 65.29% of the target price of $3.4.
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 -1.04 at $55.46, with 537,507 shares traded.DELL is scheduled to provide an earnings report on 8/31/2023, for the fiscal quarter ending Jul2023. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023.
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Dell Technologies Inc. (DELL) is -1.04 at $55.46, with 537,507 shares traded.DELL is scheduled to provide an earnings report on 8/31/2023, for the fiscal quarter ending Jul2023. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023.
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Dell Technologies Inc. (DELL) is -1.04 at $55.46, with 537,507 shares traded.DELL is scheduled to provide an earnings report on 8/31/2023, for the fiscal quarter ending Jul2023. The total Pre-Market volume is currently 82,508,465 shares traded. The consensus earnings per share forecast is 0.88 per share, which represents a 143 percent increase over the EPS one Year Ago
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Dell Technologies Inc. (DELL) is -1.04 at $55.46, with 537,507 shares traded.DELL is scheduled to provide an earnings report on 8/31/2023, for the fiscal quarter ending Jul2023. The NASDAQ 100 Pre-Market Indicator is up 13.57 to 15,390.12. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023.
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64f3fc41-1209-49d5-8a66-855d7853386c
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725411.0
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2023-08-29 00:00:00 UTC
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Will Nvidia Partnership Give Dell Technologies Q2 Earnings a Boost?
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DELL
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https://www.nasdaq.com/articles/will-nvidia-partnership-give-dell-technologies-q2-earnings-a-boost
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nan
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nan
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Many eyes are on Dell Technologies DELL stock this week with the technology solutions provider set to report its second-quarter results on Thursday, August 31.
The increased attention is attributed to Dell’s partnership with Nvidia NVDA on their joint artificial intelligence venture Project Helix.
Investors are on edge for Dell’s report, after Nvidia posted very impressive Q2 results last Wednesday driven by surging demand for its AI chips.
All Eyes on Project Helix
Investors may be eying Dell’s stock as a cheaper alternative for exposure to Nvidia’s success and the broader AI boom. Partnered with Nvidia, Dell launched Project Helix back in May as a service to help businesses use breakthrough generative AI.
The goal is to allow enterprises to boost productivity and unlock data value that accelerates their business from decision-making to digital transformation. Nvidia’s H100 GPU chips are being used to assist with simplifying and accelerating the generative AI deployment.
This has quietly put Dell at the center of the AI conversation with DELL shares rising +40% this year and Nvidia’s stock skyrocketing +234% to outperform the broader indexes.
Image Source: Zacks Investment Research
Q2 Preview
Wall Street will certainly be scoping Dell’s Q2 results and guidance, particularly on its outlook for Project Helix. Notably, Dell is up against a tougher to compete against quarter with Q2 earnings expected to fall -33% at $1.13 a share compared to $1.68 per share a year ago.
On the top line, Q2 sales are expected to dip -21% to $20.78 billion versus $26.43 billion in the prior-year quarter. Still, Dell has surpassed earnings expectations for five consecutive quarters most recently beating the Zacks Consensus for Q1 EPS by 50% in June.
Image Source: Zacks Investment Research
EPS Outlook
As alluded to in the expected quarterly decline in Q2 earnings, Dell had a strong fiscal 2023 with EPS at $7.61. Annual earnings are forecasted to be down -27% in Dell’s current FY24 to $5.56 per share. However, FY25 earnings are projected to stabilize and rebound 10% to $6.13 a share.
Image Source: Zacks Investment Research
Investors are hoping better-than-expected Q2 results will lead to analysts raising their earnings outlook for Dell, similar to its AI partner Nvidia.
According to Zacks estimates, Nvidia’s earnings are now anticipated to skyrocket 213% in its current FY24 at $10.46 per share compared to $3.34 a share in FY23. Plus, FY25 earnings are expected to climb another 48% to $15.48 per share.
Image Source: Zacks Investment Research
Takeaway
Going into its much anticipated Q2 report Dell’s stock lands a Zacks Rank #3 (Hold). There is still much to be seen on Dell's ability to profit from the AI revolution like Nvidia which stock currently sports a Zacks Rank #1 (Strong Buy).
With that being said, Nvidia’s strong Q2 results last week are reason to be optimistic about Dell stock as well and holding on to DELL shares could be rewarding.
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
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 Q2 Preview Wall Street will certainly be scoping Dell’s Q2 results and guidance, particularly on its outlook for Project Helix. Image Source: Zacks Investment Research Investors are hoping better-than-expected Q2 results will lead to analysts raising their earnings outlook for Dell, similar to its AI partner Nvidia. Many eyes are on Dell Technologies DELL stock this week with the technology solutions provider set to report its second-quarter results on Thursday, August 31.
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Image Source: Zacks Investment Research Q2 Preview Wall Street will certainly be scoping Dell’s Q2 results and guidance, particularly on its outlook for Project Helix. Image Source: Zacks Investment Research EPS Outlook As alluded to in the expected quarterly decline in Q2 earnings, Dell had a strong fiscal 2023 with EPS at $7.61. Click to get this free 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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Image Source: Zacks Investment Research Investors are hoping better-than-expected Q2 results will lead to analysts raising their earnings outlook for Dell, similar to its AI partner Nvidia. With that being said, Nvidia’s strong Q2 results last week are reason to be optimistic about Dell stock as well and holding on to DELL shares could be rewarding. Click to get this free 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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Image Source: Zacks Investment Research Takeaway Going into its much anticipated Q2 report Dell’s stock lands a Zacks Rank #3 (Hold). Many eyes are on Dell Technologies DELL stock this week with the technology solutions provider set to report its second-quarter results on Thursday, August 31. The increased attention is attributed to Dell’s partnership with Nvidia NVDA on their joint artificial intelligence venture Project Helix.
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312c1052-2637-496f-9890-6b6c2cb39415
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725412.0
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2023-08-29 00:00:00 UTC
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HP dials back profit expectations on PC market slump, China weakness
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DELL
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https://www.nasdaq.com/articles/hp-dials-back-profit-expectations-on-pc-market-slump-china-weakness-0
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nan
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nan
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By Zaheer Kachwala
Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China.
Shares of the Palo Alto, California-based company fell 5.2% in after-market trading.
Inflation and an uncertain global economy triggered a decline in demand for consumer electronics including PCs last year, and led to increased inventory across the supply chain.
"While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result," said HP's CEO Enrique Lores.
PC shipments including desktops, notebooks and workstations to China have dropped 19% in the past few months as the region remains cautious about spending on IT, according to analysis firm Canalys.
"We don't see it (a recovery in China) happening anytime soon. And at this point, we are not building that recovery in any of our plans," Lores added.
HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50.
The company's third-quarter revenue dropped 9.9% to $13.20 billion compared with analysts' estimates of $13.37 billion, according to Refinitiv data.
However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates.
Total costs and expenses also fell 8.6% from a year earlier.
The company remains on track to deliver 40% of its three-year cost savings target by the end of the fiscal year.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri)
((Zaheer.Kachwala@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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By Zaheer Kachwala Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. Inflation and an uncertain global economy triggered a decline in demand for consumer electronics including PCs last year, and led to increased inventory across the supply chain. PC shipments including desktops, notebooks and workstations to China have dropped 19% in the past few months as the region remains cautious about spending on IT, according to analysis firm Canalys.
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HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. The company's third-quarter revenue dropped 9.9% to $13.20 billion compared with analysts' estimates of $13.37 billion, according to Refinitiv data. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates.
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By Zaheer Kachwala Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. "While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result," said HP's CEO Enrique Lores. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates.
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HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates. Total costs and expenses also fell 8.6% from a year earlier.
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731fed86-1019-4580-844f-e2b6f8079ca3
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725413.0
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2023-08-29 00:00:00 UTC
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HP dials back profit expectations on PC market slump, China weakness
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DELL
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https://www.nasdaq.com/articles/hp-dials-back-profit-expectations-on-pc-market-slump-china-weakness
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nan
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nan
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By Zaheer Kachwala
Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China.
Inflation and an uncertain global economy triggered a decline in demand for consumer electronics including PCs last year, and led to increased inventory across the supply chain.
"While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result," said HP's CEO Enrique Lores.
PC shipments including desktops, notebooks and workstations to China have dropped 19% in the past few months as the region remains cautious about spending on IT, according to analysis firm Canalys.
"We don't see it (a recovery in China) happening anytime soon. And at this point, we are not building that recovery in any of our plans," Lores added.
HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50.
The company's third-quarter revenue dropped 9.9% to $13.20 billion compared with analysts' estimates of $13.37 billion, according to Refinitiv data.
However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with its forecast of 81 to 91 cents.
Total costs and expenses also fell 8.6% from a year earlier.
The company remains on track to deliver 40% of its three-year cost savings target by the end of the fiscal year.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri)
((Zaheer.Kachwala@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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By Zaheer Kachwala Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. Inflation and an uncertain global economy triggered a decline in demand for consumer electronics including PCs last year, and led to increased inventory across the supply chain. PC shipments including desktops, notebooks and workstations to China have dropped 19% in the past few months as the region remains cautious about spending on IT, according to analysis firm Canalys.
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HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with its forecast of 81 to 91 cents. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri) ((Zaheer.Kachwala@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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By Zaheer Kachwala Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. "While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result," said HP's CEO Enrique Lores. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with its forecast of 81 to 91 cents.
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By Zaheer Kachwala Aug 29 (Reuters) - HP Inc HPQ.N tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. Total costs and expenses also fell 8.6% from a year earlier.
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725414.0
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2023-08-29 00:00:00 UTC
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Top-Rated Tech Stocks to Consider as Earnings Approach
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DELL
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https://www.nasdaq.com/articles/top-rated-tech-stocks-to-consider-as-earnings-approach
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nan
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nan
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The bulk of tech earnings have passed with Nvidia NVDA highlighting the sector's quarterly results.
With that being said, there are a few attractive tech stocks set to report earnings on Thursday, August 31. Here are two of these top-rated tech stocks that investors may want to consider.
Broadcom AVGO: Nvidia’s stock is certainly compelling after its strong Q2 results last Wednesday and Broadcom is another semiconductor giant to watch.
Broadcom currently sports a Zacks Rank #2 (Buy) ahead of its fiscal third-quarter report on Thursday. As a global supplier of a broad range of semiconductor devices, Broadcom is in the AI conversation with its Jericho3-AI chip which has the ability to wire supercomputers together.
Likely to receive a boost from AI capabilities, Broadcom’s Q3 earnings are expected to rise 7% YoY to $10.42 per share. On the top line, Q3 sales are forecasted to be up 4% to $8.86 billion. With steady annual top and bottom-line growth in the cards as well, Broadcom stock has soared +59% this year to easily top the S&P 500’s +16% and the Nasdaq’s +33%.
Image Source: Zacks Investment Research
Momo MOMO: Also sporting a Zacks Rank #2 (Buy), Chinese internet and software company Momo is attractive ahead of its Q2 results on Thursday.
Formerly known as Momo, Hello Group provides a mobile social and entertainment platform primarily used in China. Trading around $9 a share much of the risk to reward still appears to be priced into Momo stock which is up a respectable +7% YTD and has now skyrocketed +98% over the last year.
To that point, Momo’s earnings are expected to be up 15% from the prior year quarter at $0.38 a share compared to $0.33 per share in Q2 2022. This is despite Q2 sales projected to be down -9% to $423.77 million. Plus, annual EPS estimates have trended higher which supports the case that Momo stock is cheap at just 5.5X forward earnings.
Image Source: Zacks Investment Research
Other Stocks to Watch
Investors will also want to pay attention to Dell Technologies' DELL Q2 report on Thursday with its stock landing a Zacks Rank #3 (Hold). Dell is partnered with Nvidia on their joint artificial intelligence venture Project Helix.
With Nvidia crushing its Q2 top and bottom line expectations last week, there is much optimism that Dell could do the same as the technology solutions provider looks to expand services for generative AI.
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
Broadcom Inc. (AVGO) : Free Stock Analysis Report
Hello Group Inc. Sponsored ADR (MOMO) : 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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With Nvidia crushing its Q2 top and bottom line expectations last week, there is much optimism that Dell could do the same as the technology solutions provider looks to expand services for generative AI. Image Source: Zacks Investment Research Other Stocks to Watch Investors will also want to pay attention to Dell Technologies' DELL Q2 report on Thursday with its stock landing a Zacks Rank #3 (Hold). Dell is partnered with Nvidia on their joint artificial intelligence venture Project Helix.
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Sponsored ADR (MOMO) : 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. Image Source: Zacks Investment Research Other Stocks to Watch Investors will also want to pay attention to Dell Technologies' DELL Q2 report on Thursday with its stock landing a Zacks Rank #3 (Hold). Dell is partnered with Nvidia on their joint artificial intelligence venture Project Helix.
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Image Source: Zacks Investment Research Other Stocks to Watch Investors will also want to pay attention to Dell Technologies' DELL Q2 report on Thursday with its stock landing a Zacks Rank #3 (Hold). Sponsored ADR (MOMO) : 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. Dell is partnered with Nvidia on their joint artificial intelligence venture Project Helix.
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Image Source: Zacks Investment Research Other Stocks to Watch Investors will also want to pay attention to Dell Technologies' DELL Q2 report on Thursday with its stock landing a Zacks Rank #3 (Hold). Dell is partnered with Nvidia on their joint artificial intelligence venture Project Helix. With Nvidia crushing its Q2 top and bottom line expectations last week, there is much optimism that Dell could do the same as the technology solutions provider looks to expand services for generative AI.
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288e846f-2bfa-44ea-ab7e-f0ad8c6213b4
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725415.0
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2023-08-28 00:00:00 UTC
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US business borrowing for equipment falls 2% in July - survey
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DELL
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https://www.nasdaq.com/articles/us-business-borrowing-for-equipment-falls-2-in-july-survey
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nan
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nan
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Aug 28 (Reuters) - U.S. companies borrowed nearly 2% less in July than last year to finance equipment investments, an Equipment Leasing and Finance Association (ELFA) survey showed on Monday.
The companies signed up for new loans, leases, and lines of credit worth $9.9 billion last month, compared with $10.1 billion a year earlier, the industry body's survey said.
"In the current relatively high-interest rate environment in which the industry finds itself this summer, survey respondents are reporting some softness, coinciding with expectations by economists that overall investment in equipment and software will slow down in the second half of 2023," ELFA Chief Executive Ralph Petta said.
ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 75.3%, down from 76.1% in June.
Washington-based ELFA's leasing and finance index measures the volume of commercial equipment financed in the United States.
The index is based on a survey of 25 members, including Bank of America Corp BAC.N and financing affiliates or units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST.
"Rising interest rate environments will slow consumer spending. Cheap money notes that begin to expire will be replaced by more expensive money, and new investments will be reduced," said Craig Ault, Honour Capital's chief revenue officer.
The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index in August stood at 50.4, an increase from 46.4 in July. A reading above 50 indicates a positive business outlook.
(Reporting by Pratyush Thakur in Bengaluru; Editing by Maju Samuel)
((pratyush.thakur@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 index is based on a survey of 25 members, including Bank of America Corp BAC.N and financing affiliates or units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. "In the current relatively high-interest rate environment in which the industry finds itself this summer, survey respondents are reporting some softness, coinciding with expectations by economists that overall investment in equipment and software will slow down in the second half of 2023," ELFA Chief Executive Ralph Petta said. The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index in August stood at 50.4, an increase from 46.4 in July.
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The index is based on a survey of 25 members, including Bank of America Corp BAC.N and financing affiliates or units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. Aug 28 (Reuters) - U.S. companies borrowed nearly 2% less in July than last year to finance equipment investments, an Equipment Leasing and Finance Association (ELFA) survey showed on Monday. Washington-based ELFA's leasing and finance index measures the volume of commercial equipment financed in the United States.
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The index is based on a survey of 25 members, including Bank of America Corp BAC.N and financing affiliates or units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. Aug 28 (Reuters) - U.S. companies borrowed nearly 2% less in July than last year to finance equipment investments, an Equipment Leasing and Finance Association (ELFA) survey showed on Monday. "In the current relatively high-interest rate environment in which the industry finds itself this summer, survey respondents are reporting some softness, coinciding with expectations by economists that overall investment in equipment and software will slow down in the second half of 2023," ELFA Chief Executive Ralph Petta said.
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The index is based on a survey of 25 members, including Bank of America Corp BAC.N and financing affiliates or units of Caterpillar Inc CAT.N, Dell Technologies Inc DELL.N, Siemens AG SIEGn.DE, Canon Inc and Volvo AB VOLVb.ST. Aug 28 (Reuters) - U.S. companies borrowed nearly 2% less in July than last year to finance equipment investments, an Equipment Leasing and Finance Association (ELFA) survey showed on Monday. "In the current relatively high-interest rate environment in which the industry finds itself this summer, survey respondents are reporting some softness, coinciding with expectations by economists that overall investment in equipment and software will slow down in the second half of 2023," ELFA Chief Executive Ralph Petta said.
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1e45a8aa-2b20-4a46-97d4-5c2cc1657694
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725416.0
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2023-08-27 00:00:00 UTC
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U.S. trade chief flags concerns over India's license mandate for laptop, tablet imports
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DELL
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https://www.nasdaq.com/articles/u.s.-trade-chief-flags-concerns-over-indias-license-mandate-for-laptop-tablet-imports
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nan
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nan
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By Shivangi Acharya
NEW DELHI, Aug 27 (Reuters) - U.S. trade chief Katherine Tai has raised concerns with India over the Asian nation's new order mandating licenses for the import of laptops, tablets and personal computers, according to a statement.
Tai's intervention comes amid worries the licensing regime could impact shipments from the likes of Apple AAPL.O and Dell DELL.N and force firms to boost local manufacturing.
"She noted that there were stakeholders that needed an opportunity to review and provide input to ensure that the policy, if implemented, does not have an adverse impact on U.S. exports to India," as per the U.S. statement issued after Tai met with India's Trade Minister Piyush Goyal on August 26.
Tai was in India to join the G20 trade ministers' meeting last week in the western state of Rajasthan.
India's new licensing regime, which is due to come into effect on November 1, aims to "ensure trusted hardware and systems" enter the nation. It also seeks to reduce dependence on imports, boost local manufacturing, and in part address the country's trade imbalance with China, according to an Indian government official.
India and the U.S. will also continue discussions to find a solution to the only bilateral dispute between the two nations at the World Trade Organisation, which involves measures by New Delhi on certain agricultural imports into the country, according to the statement. Six other disputes were mutually resolved earlier this year.
(Reporting by Shivangi Acharya; Editing by Sharon Singleton)
((shivangi.acharya@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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Tai's intervention comes amid worries the licensing regime could impact shipments from the likes of Apple AAPL.O and Dell DELL.N and force firms to boost local manufacturing. By Shivangi Acharya NEW DELHI, Aug 27 (Reuters) - U.S. trade chief Katherine Tai has raised concerns with India over the Asian nation's new order mandating licenses for the import of laptops, tablets and personal computers, according to a statement. It also seeks to reduce dependence on imports, boost local manufacturing, and in part address the country's trade imbalance with China, according to an Indian government official.
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Tai's intervention comes amid worries the licensing regime could impact shipments from the likes of Apple AAPL.O and Dell DELL.N and force firms to boost local manufacturing. "She noted that there were stakeholders that needed an opportunity to review and provide input to ensure that the policy, if implemented, does not have an adverse impact on U.S. exports to India," as per the U.S. statement issued after Tai met with India's Trade Minister Piyush Goyal on August 26. It also seeks to reduce dependence on imports, boost local manufacturing, and in part address the country's trade imbalance with China, according to an Indian government official.
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Tai's intervention comes amid worries the licensing regime could impact shipments from the likes of Apple AAPL.O and Dell DELL.N and force firms to boost local manufacturing. By Shivangi Acharya NEW DELHI, Aug 27 (Reuters) - U.S. trade chief Katherine Tai has raised concerns with India over the Asian nation's new order mandating licenses for the import of laptops, tablets and personal computers, according to a statement. "She noted that there were stakeholders that needed an opportunity to review and provide input to ensure that the policy, if implemented, does not have an adverse impact on U.S. exports to India," as per the U.S. statement issued after Tai met with India's Trade Minister Piyush Goyal on August 26.
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Tai's intervention comes amid worries the licensing regime could impact shipments from the likes of Apple AAPL.O and Dell DELL.N and force firms to boost local manufacturing. By Shivangi Acharya NEW DELHI, Aug 27 (Reuters) - U.S. trade chief Katherine Tai has raised concerns with India over the Asian nation's new order mandating licenses for the import of laptops, tablets and personal computers, according to a statement. "She noted that there were stakeholders that needed an opportunity to review and provide input to ensure that the policy, if implemented, does not have an adverse impact on U.S. exports to India," as per the U.S. statement issued after Tai met with India's Trade Minister Piyush Goyal on August 26.
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fab81624-456a-42e4-958e-c6e070ac0a2c
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725417.0
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2023-08-25 00:00:00 UTC
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Validea's Top Information Technology Stocks Based On Joel Greenblatt - 8/25/2023
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DELL
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https://www.nasdaq.com/articles/valideas-top-information-technology-stocks-based-on-joel-greenblatt-8-25-2023
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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.
HP INC (HPQ) is a large-cap value 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: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.
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 HP INC
HPQ Guru Analysis
HPQ Fundamental Analysis
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
ADEIA INC (ADEA) is a small-cap value stock in the Software & Programming 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: Adeia Inc. operates as an incubator, which invests in advanced research and development to create technologies for the entertainment, media, consumer electronics and semiconductor industries. It invents, develops, acquires and licenses fundamental innovations, which allow people to explore and experience entertainment in a connected world. Its solutions are focused on its consumers' day-to-day interaction with media, consumer electronics and entertainment, which enables customers to build customized solutions for users around the globe. Its IP licensing platform provides access to innovations that allow its customers, who are media, entertainment, consumer electronics, social media and semiconductor companies in the world, to create technology solutions and products. It licenses its patent portfolios across various markets, including multichannel video programming distributors, over-the-top video service providers and social media companies, consumer electronics, and semiconductors.
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 ADEIA INC
ADEA Guru Analysis
ADEA 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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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 ADEIA INC (ADEA) is a small-cap value stock in the Software & Programming industry.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 ADEIA INC (ADEA) is a small-cap value stock in the Software & Programming industry.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 ADEIA INC (ADEA) is a small-cap value stock in the Software & Programming industry.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 ADEIA INC (ADEA) is a small-cap value stock in the Software & Programming industry.
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a9301035-5e69-4d58-89bf-95731f22e0dd
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725418.0
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2023-08-25 00:00:00 UTC
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First Week of October 20th Options Trading For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/first-week-of-october-20th-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 become available this week, for the October 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 20th contracts and identified one put and one call contract of particular interest.
The put contract at the $55.00 strike price has a current bid of $2.35. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $55.00, but will also collect the premium, putting the cost basis of the shares at $52.65 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $56.36/share today.
Because the $55.00 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 61%. 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 4.27% return on the cash commitment, or 27.85% 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 $55.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $57.50 strike price has a current bid of $2.65. If an investor was to purchase shares of DELL stock at the current price level of $56.36/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $57.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.72% if the stock gets called away at the October 20th 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 $57.50 strike highlighted in red:
Considering the fact that the $57.50 strike represents an approximate 2% 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 50%. 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 4.70% boost of extra return to the investor, or 30.65% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 38%, while the implied volatility in the call contract example is 35%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $56.36) to be 32%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
TCAP Options Chain
SEAH YTD Return
SHLM 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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Below is a chart showing DELL's trailing twelve month trading history, with the $57.50 strike highlighted in red: Considering the fact that the $57.50 strike represents an approximate 2% 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 become available this week, for the October 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 20th 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 $57.50 strike highlighted in red: Considering the fact that the $57.50 strike represents an approximate 2% 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 become available this week, for the October 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 20th 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 $55.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $57.50 strike price has a current bid of $2.65. Below is a chart showing DELL's trailing twelve month trading history, with the $57.50 strike highlighted in red: Considering the fact that the $57.50 strike represents an approximate 2% 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 become available this week, for the October 20th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 20th 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 $57.50 strike highlighted in red: Considering the fact that the $57.50 strike represents an approximate 2% 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 become available this week, for the October 20th expiration.
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1b8a6555-ec43-41d9-a95e-4f0782676510
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725419.0
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2023-08-24 00:00:00 UTC
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October 6th Options Now Available For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/october-6th-options-now-available-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 today, for the October 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 6th contracts and identified one put and one call contract of particular interest.
The put contract at the $56.00 strike price has a current bid of $1.85. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $56.00, but will also collect the premium, putting the cost basis of the shares at $54.15 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $56.46/share today.
Because the $56.00 strike represents an approximate 1% 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 99%. 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 3.30% return on the cash commitment, or 28.04% 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 $56.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $57.00 strike price has a current bid of $2.30. If an investor was to purchase shares of DELL stock at the current price level of $56.46/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $57.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.03% if the stock gets called away at the October 6th 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 $57.00 strike highlighted in red:
Considering the fact that the $57.00 strike represents an approximate 1% 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 4.07% boost of extra return to the investor, or 34.58% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $56.46) to be 36%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
CWEN Options Chain
TSVT shares outstanding history
CNGL shares outstanding 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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Below is a chart showing DELL's trailing twelve month trading history, with the $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 today, for the October 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 6th 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 $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the October 6th expiration.
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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 $56.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $57.00 strike price has a current bid of $2.30. Below is a chart showing DELL's trailing twelve month trading history, with the $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 today, for the October 6th expiration.
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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 $56.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $57.00 strike price has a current bid of $2.30. Below is a chart showing DELL's trailing twelve month trading history, with the $57.00 strike highlighted in red: Considering the fact that the $57.00 strike represents an approximate 1% 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 today, for the October 6th expiration.
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a44613ae-bf38-4b22-af53-8044f6697ac2
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725420.0
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2023-08-18 00:00:00 UTC
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Wells Fargo Maintains Dell Technologies Inc - Class C (DELL) Overweight Recommendation
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DELL
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https://www.nasdaq.com/articles/wells-fargo-maintains-dell-technologies-inc-class-c-dell-overweight-recommendation
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nan
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nan
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Fintel reports that on August 18, 2023, Wells Fargo maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
Analyst Price Forecast Suggests 1.89% Upside
As of August 2, 2023, the average one-year price target for Dell Technologies Inc - Class C is 55.99. The forecasts range from a low of 45.45 to a high of $64.05. The average price target represents an increase of 1.89% from its latest reported closing price of 54.95.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of July 25, 2023 received the payment on August 4, 2023. Previously, the company paid $0.37 per share.
At the current share price of $54.95 / share, the stock's dividend yield is 2.69%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.81%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=218).
The current dividend yield is 0.90 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.42. 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 0.06%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1190 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is an increase of 46 owner(s) or 4.02% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.18%, an increase of 10.72%. Total shares owned by institutions increased in the last three months by 4.13% to 222,106K shares.
The put/call ratio of DELL is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.79% ownership of the company. No change in 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 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% 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.
Additional reading:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
DELL INTERNATIONAL L.L.C. EMC CORPORATION LETTER OF TRANSMITTAL OFFER TO EXCHANGE UP TO $962,390,000 AGGREGATE PRINCIPAL AMOUNT OF THEIR 3.375% SENIOR NOTES DUE 2041, WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, FOR ANY AN
DELL INTERNATIONAL L.L.C. EMC CORPORATION OFFER TO EXCHANGE UP TO $962,390,000 AGGREGATE PRINCIPAL AMOUNT OF THEIR 3.375% SENIOR NOTES DUE 2041, WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, FOR ANY AND ALL OF THEIR OUTSTAN
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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 August 18, 2023, Wells Fargo maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 1.89% Upside As of August 2, 2023, the average one-year price target for Dell Technologies Inc - Class C is 55.99.
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Fintel reports that on August 18, 2023, Wells Fargo maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 1.89% Upside As of August 2, 2023, the average one-year price target for Dell Technologies Inc - Class C is 55.99. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on August 18, 2023, Wells Fargo maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 1.89% Upside As of August 2, 2023, the average one-year price target for Dell Technologies Inc - Class C is 55.99.
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Fintel reports that on August 18, 2023, Wells Fargo maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 1.89% Upside As of August 2, 2023, the average one-year price target for Dell Technologies Inc - Class C is 55.99. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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de404ae0-9639-4d15-a890-069153a361c7
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725421.0
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2023-08-15 00:00:00 UTC
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DELL Australia Faces $6.5M Fine for False Monitor Pricing
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DELL
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https://www.nasdaq.com/articles/dell-australia-faces-%246.5m-fine-for-false-monitor-pricing
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nan
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nan
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Dell Technologies’ DELL Australian unit has been ordered by the Federal Court to pay A$10M ($6.5 million) in penalties for misleading customers on discounted hardware prices.
The Australian Consumer and Competition Commission (ACCC) imposed a A$10 million fine on the tech giant for making false and misleading representations about discounted prices for add-on computer monitors.
The monitors were often advertised with a higher strikethrough price, indicating to customers that they could make significant savings.
Dell Australia admitted that it has misled customers over prices available on monitors in bundle packages alongside desktop, laptop or notebook devices. Markedly, Dell Australia sold more than 5.3K monitors with overstated discounts.
The ACCC fine follows a lengthy court case that began last year. In November, the regulator began proceedings against the Australian subsidiary which resulted in Dell conceding its tactics had misled consumers in June.
Slump in PC Market Hurts Dell’s Prospects
Dell is experiencing a tough 2023 due to a challenging macroeconomic environment and a slump in the PC market.
Dell has underperformed its PC market peers, including Apple AAPL, HP HPQ and Lenovo LNVGY in the second quarter of 2023. The company registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 million PCs.
PC volumes of Lenovo fell 20.8% to 14.3 million units, while ASUS registered a decrease of 17.3% to 3.9 million units. HP and Apple both registered a modest decline in its PC shipments. While HP’s PC shipments fell 0.9% to 13.5 million units, Apple’s shipments dropped 0.3% to 5.3 million PCs.
Dell suffered from lower PC shipments in the first quarter of fiscal 2024. It witnessed weak PC demand and slowing infrastructure demand, which was partially offset by strong growth in storage. Client Solutions Group revenues were $11.98 billion, down 23% year over year.
Dell now expects second-quarter fiscal 2024 revenues between $20.2 billion and $21.2 billion, down 21.6% year over year at the mid-point, with Infrastructure Solutions Group down in the low single digits sequentially. The company expects roughly 200 basis points negative impact of unfavorable forex on revenues.
The Zacks Consensus Estimate for the fiscal second quarter is pegged at $1.13 per share, down 32.7% over the past 30 days. For fiscal 2024, the consensus mark for earnings is pinned at $5.55 per share, down 27.07% over the same timeframe.
However, the PC-maker’s expanding portfolio including security holds promise for its prospect this year.
Dell’s latest security services and solutions will help enterprises protect against 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 that helps organizations prevent, respond and recover from security threats.
Moreover, Dell is now offering more choices to its customers with CrowdStrike Falcon in its SafeGuard and Response portfolio. It is also launching Product Success Accelerator for Cyber Recovery, a new service that helps enterprises protect critical data and maintain business continuity.
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.
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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 Australian unit has been ordered by the Federal Court to pay A$10M ($6.5 million) in penalties for misleading customers on discounted hardware prices. Dell Australia admitted that it has misled customers over prices available on monitors in bundle packages alongside desktop, laptop or notebook devices. Markedly, Dell Australia sold more than 5.3K monitors with overstated discounts.
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Dell’s latest security services and solutions will help enterprises protect against threats, respond to attacks and secure their devices, systems and clouds. 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 Australian unit has been ordered by the Federal Court to pay A$10M ($6.5 million) in penalties for misleading customers on discounted hardware prices.
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Dell Technologies’ DELL Australian unit has been ordered by the Federal Court to pay A$10M ($6.5 million) in penalties for misleading customers on discounted hardware prices. Dell now expects second-quarter fiscal 2024 revenues between $20.2 billion and $21.2 billion, down 21.6% year over year at the mid-point, with Infrastructure Solutions Group down in the low single digits sequentially. 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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Dell Technologies’ DELL Australian unit has been ordered by the Federal Court to pay A$10M ($6.5 million) in penalties for misleading customers on discounted hardware prices. Dell Australia admitted that it has misled customers over prices available on monitors in bundle packages alongside desktop, laptop or notebook devices. Markedly, Dell Australia sold more than 5.3K monitors with overstated discounts.
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b255b0ba-5ec8-46bf-8644-1c954035be58
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725422.0
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2023-08-14 00:00:00 UTC
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Validea's Top Information Technology Stocks Based On Joel Greenblatt - 8/14/2023
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DELL
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https://www.nasdaq.com/articles/valideas-top-information-technology-stocks-based-on-joel-greenblatt-8-14-2023
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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.
HP INC (HPQ) is a large-cap value 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: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.
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 HP INC
HPQ Guru Analysis
HPQ Fundamental Analysis
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
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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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 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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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 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. 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 HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 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. 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 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. Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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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de4c2d0f-7cb9-484e-8cf7-15a6845be1b4
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725423.0
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2023-08-13 00:00:00 UTC
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Australian court fines Dell unit $6.5 mln for misleading customers on discounts
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DELL
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https://www.nasdaq.com/articles/australian-court-fines-dell-unit-%246.5-mln-for-misleading-customers-on-discounts-0
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nan
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nan
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Repeats to widen distribution with no changes to text
Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors.
In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website.
"This outcome sends a strong message to businesses that making false representations about prices or inflating discounts is a serious breach of consumer law and will attract substantial penalties," said Liza Carver, the commissioner of the Australian Competition and Consumer Commission.
Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
($1 = 1.5480 Australian dollars)
(Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)
((Navya.Mittal@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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Repeats to widen distribution with no changes to text Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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Repeats to widen distribution with no changes to text Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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Repeats to widen distribution with no changes to text Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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Repeats to widen distribution with no changes to text Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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eafda351-fa20-4821-ab09-58c14f5bd0e5
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725424.0
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2023-08-13 00:00:00 UTC
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Australian court fines Dell unit $6.5 mln for misleading customers on discounts
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DELL
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https://www.nasdaq.com/articles/australian-court-fines-dell-unit-%246.5-mln-for-misleading-customers-on-discounts
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nan
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nan
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Adds context about legal action in paragraph 2 and comments from ACCC in paragraph 3
Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors.
In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website.
"This outcome sends a strong message to businesses that making false representations about prices or inflating discounts is a serious breach of consumer law and will attract substantial penalties," said Liza Carver, the commissioner of the Australian Competition and Consumer Commission.
Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
($1 = 1.5480 Australian dollars)
(Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)
((Navya.Mittal@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.
|
Adds context about legal action in paragraph 2 and comments from ACCC in paragraph 3 Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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Adds context about legal action in paragraph 2 and comments from ACCC in paragraph 3 Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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Adds context about legal action in paragraph 2 and comments from ACCC in paragraph 3 Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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Adds context about legal action in paragraph 2 and comments from ACCC in paragraph 3 Aug 14 (Reuters) - Australia's Federal Court on Monday ordered Dell Technologies Inc's DELL.N local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors. In a legal action brought by the country's competition regulator, Dell Australia was found guilty by the Federal Court in June to have misled customers about the prices or discounts on add-on monitors on its website. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during August 2019 to Dec. 16, 2021, did not immediately respond to a Reuters request for comment.
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d68e3968-da25-472d-b78e-23eb92e85aa9
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725425.0
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2023-08-13 00:00:00 UTC
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Dell's Aussie arm to pay $6.5 mln in penalties for misleading customers
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DELL
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https://www.nasdaq.com/articles/dells-aussie-arm-to-pay-%246.5-mln-in-penalties-for-misleading-customers
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nan
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nan
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Aug 14 (Reuters) - A Federal court of Australia on Monday ordered Dell Technologies' DELL.N local unit to pay a A$10 million ($6.46 million) in penalties for misleading customers about the discounted prices of its computer monitors.
The legal action was brought by the country's competition regulators, where Dell Australia admitted that it has misled customers about the price of selection of monitors available to 'bundle', the regulator said in a statement.
($1 = 1.5480 Australian dollars)
(Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich)
((Navya.Mittal@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.
|
Aug 14 (Reuters) - A Federal court of Australia on Monday ordered Dell Technologies' DELL.N local unit to pay a A$10 million ($6.46 million) in penalties for misleading customers about the discounted prices of its computer monitors. The legal action was brought by the country's competition regulators, where Dell Australia admitted that it has misled customers about the price of selection of monitors available to 'bundle', the regulator said in a statement. ($1 = 1.5480 Australian dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich) ((Navya.Mittal@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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Aug 14 (Reuters) - A Federal court of Australia on Monday ordered Dell Technologies' DELL.N local unit to pay a A$10 million ($6.46 million) in penalties for misleading customers about the discounted prices of its computer monitors. The legal action was brought by the country's competition regulators, where Dell Australia admitted that it has misled customers about the price of selection of monitors available to 'bundle', the regulator said in a statement. ($1 = 1.5480 Australian dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich) ((Navya.Mittal@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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Aug 14 (Reuters) - A Federal court of Australia on Monday ordered Dell Technologies' DELL.N local unit to pay a A$10 million ($6.46 million) in penalties for misleading customers about the discounted prices of its computer monitors. The legal action was brought by the country's competition regulators, where Dell Australia admitted that it has misled customers about the price of selection of monitors available to 'bundle', the regulator said in a statement. ($1 = 1.5480 Australian dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich) ((Navya.Mittal@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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Aug 14 (Reuters) - A Federal court of Australia on Monday ordered Dell Technologies' DELL.N local unit to pay a A$10 million ($6.46 million) in penalties for misleading customers about the discounted prices of its computer monitors. The legal action was brought by the country's competition regulators, where Dell Australia admitted that it has misled customers about the price of selection of monitors available to 'bundle', the regulator said in a statement. ($1 = 1.5480 Australian dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich) ((Navya.Mittal@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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00ccde0a-c797-4718-892b-2b0bfde4a820
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725426.0
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2023-08-11 00:00:00 UTC
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Is the AI Party Over? 5 Drivers for the Next Surge
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DELL
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https://www.nasdaq.com/articles/is-the-ai-party-over-5-drivers-for-the-next-surge
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nan
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nan
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Innovation Drives Bull Markets
Every major bull market cycle in history has had a ground-breaking industry at the heart of innovation. For example, in the late 1800s, railroad stocks dominated as investors sought to take advantage of the first interconnected economy, catapulting Cornelius Vanderbilt to excessive wealth. A century later, investors scored by exploiting another form of interconnectivity for the first time – the internet. As the personal computer went mainstream, Dell (DELL) computer found itself in the right place at the right time. Shares of Dell gained 216% in 1997 and 248% in 1998. By 1999, mobile phone technology and 3G networks took the forefront, launching Qualcomm (QCOM) shares on a mind-boggling 2,620% gain in a single year. In the heart of the COVID-19 pandemic of 2020, Etsy (ETSY) gained 302%, as newly laid-off people stuck at home flocked to its unique e-commerce model built on independent creators. Meanwhile, in that same year, Tesla (TSLA) shares were electrified by 743% as EVs became mainstream and Tesla turned on the profit spigot.
Is the AI Boom Behind Us?
Real estate, energy, and electric vehicle stocks are some sectors driving the current bull market. However, the largest, game-changing innovation driving money into the 2023 bull market is the advent of the AI revolution. At the top of the heap are Alphabet (GOOGL) and Microsoft (MSFT), which have the most popular Chatbots on the market. Meanwhile, stocks that power the back-end technology, like Nvidia (NVDA) and Oracle (ORCL), have arguably benefitted the most thus far. Nevertheless, many AI stocks have recently pulled back sharply and underperformed the market. Has the bubble popped? Below are 5 reasons AI stocks still can go much higher:
Pullbacks are a Feature, Not a Bug
Savvy investors know that the most sustainable trends include pullbacks. In other words, stocks that trend and “hug” the 50-day moving average tend to go further than those with quick, wild spikes. Usually, a stock will form 4 to 5 base structures (pullbacks to the 50-day moving average or below with a length of 5 weeks or more, <25% in depth) before finally topping and resetting with a larger correction. When Tesla gained more than 700% in 2020, it had four base structures.
Image Source: TradingView
Back to the AI stocks. AI winners such as ORCL, NVDA, and MSFT are in the process of creating their first base structures since breaking out earlier this year.
Image Source: TradingView
Market Digestion
Like individual stocks, the general market cannot go up in a straight line. The major indices are retreating to their 50-day moving averages for the first time all year. While the pullback may feel painful to amateur investors, such pullbacks are normal and necessary in bull markets. Even the strongest groups, like AI, tend to follow the market’s direction – hence the recent retreat. However, the market may be ready to turn.
Image Source: TradingView
Grow Into EPS?
Companies like Nvidia have massive EPS estimates in the coming quarters. Some investors may be waiting to see if AI stocks like NVDA can actually execute and grow into their (perceived) lofty expectations.
Image Source: Zacks Investment Research
Money Gravitates Toward Leaders and Away from Laggards
When a novel technology like AI emerges, investors often invest first and ask questions later. However, as the rally continues, investors gravitate toward profitable, institutional quality stocks and away from speculative, unprofitable companies. On the profitable, institutional quality side would be a stock like ORCL. Conversely, an illiquid, lower quality penny stock like SoundHound AI (SOUN) is less likely to have staying power.
Image Source: Zacks Investment Research
Market Maturity & New Products
It’s so early in the AI revolution that it is unclear who the ultimate winners will be. Remember the internet craze? At one point Yahoo! and Ask Jeeves, were the leaders in search. When a significant innovation hits the marketplace, innovation takes time and can last years. Be patient and open-minded.
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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QUALCOMM Incorporated (QCOM) : 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
Oracle Corporation (ORCL) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Etsy, Inc. (ETSY) : 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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As the personal computer went mainstream, Dell (DELL) computer found itself in the right place at the right time. Shares of Dell gained 216% in 1997 and 248% in 1998. Click to get this free report QUALCOMM Incorporated (QCOM) : 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 Oracle Corporation (ORCL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report QUALCOMM Incorporated (QCOM) : 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 Oracle Corporation (ORCL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here. As the personal computer went mainstream, Dell (DELL) computer found itself in the right place at the right time. Shares of Dell gained 216% in 1997 and 248% in 1998.
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Click to get this free report QUALCOMM Incorporated (QCOM) : 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 Oracle Corporation (ORCL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here. As the personal computer went mainstream, Dell (DELL) computer found itself in the right place at the right time. Shares of Dell gained 216% in 1997 and 248% in 1998.
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Shares of Dell gained 216% in 1997 and 248% in 1998. As the personal computer went mainstream, Dell (DELL) computer found itself in the right place at the right time. Click to get this free report QUALCOMM Incorporated (QCOM) : 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 Oracle Corporation (ORCL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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756e88e0-a43b-4803-9946-67e74d0ea8f8
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725427.0
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2023-08-10 00:00:00 UTC
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Caltech reaches 'potential settlement' in Apple, Broadcom patent case
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DELL
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https://www.nasdaq.com/articles/caltech-reaches-potential-settlement-in-apple-broadcom-patent-case
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nan
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nan
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By Blake Brittain
Aug 10 (Reuters) - The California Institute of Technology has reached a "potential settlement" in a high-stakes patent infringement lawsuit against Apple AAPL.O and Broadcom AVGO.O over Wi-Fi chips, according to a Thursday filing in federal court.
Caltech previously won a verdict of more than $1.1 billion from Apple and Broadcom in the case that was later overturned.
The potential settlement was disclosed in a court document filed in U.S. District Court in Los Angeles without further details following a telephone conference. It was unclear if the agreement involved both Apple and Broadcom.
Representatives for Caltech, Apple and Broadcom did not immediately respond to requests for comment. The court ordered the parties to file a joint status report by Aug. 18.
Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents. A jury ordered Apple to pay $837.8 million and Broadcom to pay $270.2 million in patent-infringement damages in 2020.
A U.S. appeals court overturned the award last year and ordered a new trial on damages, finding the amount was "legally unsupportable." A trial that had been scheduled to begin in June 2023 was postponed indefinitely in May.
Caltech told a Texas federal court on Tuesday that it had settled a related lawsuit against Samsung 005930.KS. The university has also sued Microsoft MSFT.O, Dell DELL.N and HP HPQ.N over its Wi-Fi patents in cases that are pending.
(Reporting by Blake Brittain in Washington Editing by David Bario and Leslie Adler)
((blake.brittain@tr.com; +1 (202) 938-5713;))
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 university has also sued Microsoft MSFT.O, Dell DELL.N and HP HPQ.N over its Wi-Fi patents in cases that are pending. By Blake Brittain Aug 10 (Reuters) - The California Institute of Technology has reached a "potential settlement" in a high-stakes patent infringement lawsuit against Apple AAPL.O and Broadcom AVGO.O over Wi-Fi chips, according to a Thursday filing in federal court. A U.S. appeals court overturned the award last year and ordered a new trial on damages, finding the amount was "legally unsupportable."
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The university has also sued Microsoft MSFT.O, Dell DELL.N and HP HPQ.N over its Wi-Fi patents in cases that are pending. By Blake Brittain Aug 10 (Reuters) - The California Institute of Technology has reached a "potential settlement" in a high-stakes patent infringement lawsuit against Apple AAPL.O and Broadcom AVGO.O over Wi-Fi chips, according to a Thursday filing in federal court. Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents.
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The university has also sued Microsoft MSFT.O, Dell DELL.N and HP HPQ.N over its Wi-Fi patents in cases that are pending. By Blake Brittain Aug 10 (Reuters) - The California Institute of Technology has reached a "potential settlement" in a high-stakes patent infringement lawsuit against Apple AAPL.O and Broadcom AVGO.O over Wi-Fi chips, according to a Thursday filing in federal court. Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents.
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The university has also sued Microsoft MSFT.O, Dell DELL.N and HP HPQ.N over its Wi-Fi patents in cases that are pending. By Blake Brittain Aug 10 (Reuters) - The California Institute of Technology has reached a "potential settlement" in a high-stakes patent infringement lawsuit against Apple AAPL.O and Broadcom AVGO.O over Wi-Fi chips, according to a Thursday filing in federal court. The potential settlement was disclosed in a court document filed in U.S. District Court in Los Angeles without further details following a telephone conference.
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33372eae-1391-47d0-bff6-97a41659cab2
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725428.0
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2023-08-09 00:00:00 UTC
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Dell Technologies Reaches Analyst Target Price
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DELL
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https://www.nasdaq.com/articles/dell-technologies-reaches-analyst-target-price-0
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nan
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nan
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $55.83, changing hands for $57.58/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $45.00. And then on the other side of the spectrum one analyst has a target as high as $61.00. The standard deviation is $6.206.
But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $55.83/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $55.83 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
RECENT DELL ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 7 7 7 8
Buy ratings: 2 2 2 2
Hold ratings: 3 3 3 2
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.63 1.63 1.63 1.46
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DELL — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
Cheap Oil Stocks Paying Dividends
Funds Holding RWDC
OSPN YTD Return
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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But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $55.83/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $55.83 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $55.83, changing hands for $57.58/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $55.83, changing hands for $57.58/share. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average.
|
There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $55.83/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $55.83 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $55.83, changing hands for $57.58/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $55.83, changing hands for $57.58/share. There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $55.83/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $55.83 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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ee3bc0ae-fb59-4585-9a01-794cbdeb0f46
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725429.0
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2023-08-04 00:00:00 UTC
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India seeks to boost manufacturing with laptop licensing move
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DELL
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https://www.nasdaq.com/articles/india-seeks-to-boost-manufacturing-with-laptop-licensing-move
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nan
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nan
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NEW DELHI, Aug 4 (Reuters) - India's decision to impose a licensing requirement for imports of laptops, tablets and personal computers will boost domestic manufacturing and ensure its tech ecosystem uses verified systems only, its deputy IT minister said on Friday.
Current regulations in India allow companies to import laptops freely, but the new rule mandates a special licence for these products similar to restrictions India imposed in 2020 for inbound TV shipments.
The government in its notification on Thursday gave no reason for the move, which could affect technology companies such as Apple AAPL.O, Dell DELL.N and Samsung 005930.KS and force them to boost local manufacturing.
Minister Rajeev Chandrasekhar said on the X social media platform, formerly known as Twitter, that "it is the government's objective to ensure trusted hardware and systems", reduce dependence on imports and increase domestic manufacturing of such products.
The move is in line with Prime Minister Narendra Modi's "Make in India" plan, which promotes local manufacturing and discourages imports.
Besides boosting local manufacturing, the move is aimed at curbing supplies from China, as it has security concerns regarding such products, a government source told Reuters.
The new rule will ensure India's tech eco-system uses "trusted and verified systems only that are imported and/or domestically manufactured trusted systems/products," Chandrasekhar added.
Apple, Dell and Samsung have not responded to requests for comment.
(Reporting by Tanvi Mehta; Editing by Jacqueline Wong)
((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;))
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 government in its notification on Thursday gave no reason for the move, which could affect technology companies such as Apple AAPL.O, Dell DELL.N and Samsung 005930.KS and force them to boost local manufacturing. Apple, Dell and Samsung have not responded to requests for comment. NEW DELHI, Aug 4 (Reuters) - India's decision to impose a licensing requirement for imports of laptops, tablets and personal computers will boost domestic manufacturing and ensure its tech ecosystem uses verified systems only, its deputy IT minister said on Friday.
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The government in its notification on Thursday gave no reason for the move, which could affect technology companies such as Apple AAPL.O, Dell DELL.N and Samsung 005930.KS and force them to boost local manufacturing. Apple, Dell and Samsung have not responded to requests for comment. NEW DELHI, Aug 4 (Reuters) - India's decision to impose a licensing requirement for imports of laptops, tablets and personal computers will boost domestic manufacturing and ensure its tech ecosystem uses verified systems only, its deputy IT minister said on Friday.
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The government in its notification on Thursday gave no reason for the move, which could affect technology companies such as Apple AAPL.O, Dell DELL.N and Samsung 005930.KS and force them to boost local manufacturing. Apple, Dell and Samsung have not responded to requests for comment. NEW DELHI, Aug 4 (Reuters) - India's decision to impose a licensing requirement for imports of laptops, tablets and personal computers will boost domestic manufacturing and ensure its tech ecosystem uses verified systems only, its deputy IT minister said on Friday.
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The government in its notification on Thursday gave no reason for the move, which could affect technology companies such as Apple AAPL.O, Dell DELL.N and Samsung 005930.KS and force them to boost local manufacturing. Apple, Dell and Samsung have not responded to requests for comment. Current regulations in India allow companies to import laptops freely, but the new rule mandates a special licence for these products similar to restrictions India imposed in 2020 for inbound TV shipments.
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f83bfbe1-1044-4637-9316-33dbe33b21d4
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725430.0
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2023-08-03 00:00:00 UTC
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Hindu-Muslim riots expose risk at major Indian business hub
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DELL
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https://www.nasdaq.com/articles/hindu-muslim-riots-expose-risk-at-major-indian-business-hub
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nan
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nan
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By Rupam Jain
GURUGRAM, India, Aug 3 (Reuters) - Hindu-Muslim clashes just outside the Indian capital this week have worsened religious fault lines in the region and exposed a booming business hub to threats of violence and disruption, authorities and analysts said.
Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in retaliation.
The 48-hour cycle of violence which was put out on Wednesday has brought to the fore Hindu-Muslim tensions brewing in the region since 2015, a year after the Hindu nationalist Bharatiya Janata Party (BJP) captured power nationally and in Haryana.
The lynching of two Muslim men in the region earlier this year by suspected Hindu vigilantes and the failure to nab the main suspect had worsened tensions, with the main suspect saying on social media that he would participate in the Hindu procession this week.
Ultimately he did not show up, police said.
"It has been shocking to see how distrust between two communities spilled onto the streets," Haryana's home (interior) minister, Anil Vij, told Reuters.
"Security has been restored...bringing relief and social harmony will take time," Vij said, adding that authorities understand safety concerns of businesses in Gurugram.
Gurugram, formerly known as Gurgaon, is a city of over 1.5 million people that shares a border with New Delhi.
A new urban centre with glitzy high-rises, luxury hotels, malls and gated condominiums, it is home to multinational firms, large Indian corporates and start-ups, with 250 of the Fortune 500 companies having offices here.
Among the multinationals with offices here are Google, American Express, Dell, Samsung, Ernst & Young and Deloitte. Suzuki's main India plant is also located near Gurugram.
Because of the violence, many companies allowed employees to work from home on Tuesday while schools and colleges were shut before resuming classes on Wednesday.
PREVIOUS TENSIONS
In the past, Gurugram has witnessed tensions over Muslims holding Friday prayers in public spaces and meat sales during Hindu festivals, which Hindu groups wanted banned to respect Hindu sentiment.
Clashes between India's majority Hindus and minority Muslims break out occasionally, but have been less frequent since Prime Minister Narendra Modi's BJP government took power in 2014.
But tensions between the communities have risen, with many Muslims saying they live in fear as Hindu activists have become emboldened by the BJP's politics.
"Muslim men attacked the Hindu procession and killed many of our people," said Praveen Babbar, a leader of Hindu Yuva Vahini (Hindu Youth Force).
"Every action will have not just equal, but sometimes even more brazen reaction," he said.
Aftab Ahmed, Nuh's state lawmaker from the opposition Congress party, blamed local police for not acting fast enough even though he had alerted them about "provocative statements" being made by Hindu leaders.
Haryana Police, however, said they acted swiftly and prevented riots from spreading, and that two of its men were killed in the violence.
Analysts said the violence is worrying for the message it sends to businesses at a time New Delhi is seeking more investment under its "Make in India" campaign.
"Official reaction was inexplicably slow," said Tara Kartha, distinguished fellow at the New Delhi-based Institute of Peace and Conflict Studies.
"The commercial heart of north India was a target this time. It should have been prevented."
(Reporting by Rupam Jain, Additional reporting by Sakshi Dayal; Editing by YP Rajesh and Raju Gopalakrishnan)
((Rupam.Jain@thomsonreuters.com; +91 7042133028;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the multinationals with offices here are Google, American Express, Dell, Samsung, Ernst & Young and Deloitte. By Rupam Jain GURUGRAM, India, Aug 3 (Reuters) - Hindu-Muslim clashes just outside the Indian capital this week have worsened religious fault lines in the region and exposed a booming business hub to threats of violence and disruption, authorities and analysts said. The 48-hour cycle of violence which was put out on Wednesday has brought to the fore Hindu-Muslim tensions brewing in the region since 2015, a year after the Hindu nationalist Bharatiya Janata Party (BJP) captured power nationally and in Haryana.
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Among the multinationals with offices here are Google, American Express, Dell, Samsung, Ernst & Young and Deloitte. By Rupam Jain GURUGRAM, India, Aug 3 (Reuters) - Hindu-Muslim clashes just outside the Indian capital this week have worsened religious fault lines in the region and exposed a booming business hub to threats of violence and disruption, authorities and analysts said. Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in retaliation.
|
Among the multinationals with offices here are Google, American Express, Dell, Samsung, Ernst & Young and Deloitte. The lynching of two Muslim men in the region earlier this year by suspected Hindu vigilantes and the failure to nab the main suspect had worsened tensions, with the main suspect saying on social media that he would participate in the Hindu procession this week. In the past, Gurugram has witnessed tensions over Muslims holding Friday prayers in public spaces and meat sales during Hindu festivals, which Hindu groups wanted banned to respect Hindu sentiment.
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Among the multinationals with offices here are Google, American Express, Dell, Samsung, Ernst & Young and Deloitte. Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in retaliation. The lynching of two Muslim men in the region earlier this year by suspected Hindu vigilantes and the failure to nab the main suspect had worsened tensions, with the main suspect saying on social media that he would participate in the Hindu procession this week.
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1347a64f-c5fb-44b4-9df3-d69c1614626b
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725431.0
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2023-08-03 00:00:00 UTC
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India restricts import of laptop, computers to push local manufacturing
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DELL
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https://www.nasdaq.com/articles/india-restricts-import-of-laptop-computers-to-push-local-manufacturing
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nan
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nan
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Adds details, comments
NEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing.
"Their import would be allowed against a valid licence for restricted imports," the notice said.
In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year.
"The move's spirit is to push manufacturing to India. It's not a nudge, it's a push," said Ali Akhtar Jafri, former director general at electronics industry body Manufacturers' Association of Information Technology.
Dell<DELL.N>, Acer, Samsung, LG, Panasonic, Apple Inc AAPL.O, Lenovo<0992.HK> and HP Inc HPQ.N are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China.
(Reporting by Shivam Patel and Aftab Ahmed in New Delhi; Editing by Sudipto Ganguly and Raju Gopalakrishnan)
((Shivam.Patel@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<DELL.N>, Acer, Samsung, LG, Panasonic, Apple Inc AAPL.O, Lenovo<0992.HK> and HP Inc HPQ.N are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China. Adds details, comments NEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. It's not a nudge, it's a push," said Ali Akhtar Jafri, former director general at electronics industry body Manufacturers' Association of Information Technology.
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Dell<DELL.N>, Acer, Samsung, LG, Panasonic, Apple Inc AAPL.O, Lenovo<0992.HK> and HP Inc HPQ.N are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China. Adds details, comments NEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. "Their import would be allowed against a valid licence for restricted imports," the notice said.
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Dell<DELL.N>, Acer, Samsung, LG, Panasonic, Apple Inc AAPL.O, Lenovo<0992.HK> and HP Inc HPQ.N are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China. Adds details, comments NEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. (Reporting by Shivam Patel and Aftab Ahmed in New Delhi; Editing by Sudipto Ganguly and Raju Gopalakrishnan) ((Shivam.Patel@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<DELL.N>, Acer, Samsung, LG, Panasonic, Apple Inc AAPL.O, Lenovo<0992.HK> and HP Inc HPQ.N are some of the key companies selling laptops in the Indian market and a substantial portion are imported from countries such as China. Adds details, comments NEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. It's not a nudge, it's a push," said Ali Akhtar Jafri, former director general at electronics industry body Manufacturers' Association of Information Technology.
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aa848f68-c842-4e66-bc77-43d2dba41b74
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725432.0
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2023-08-02 00:00:00 UTC
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Will Slowing Services Growth Hurt Apple's (AAPL) Q3 Earnings?
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DELL
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https://www.nasdaq.com/articles/will-slowing-services-growth-hurt-apples-aapl-q3-earnings
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nan
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nan
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Apple’s AAPL third-quarter fiscal 2023 results, to be reported on Aug 3, are expected to reflect the impacts of the sluggishness in the Services business.
The segment, which includes revenues from the App Store, Apple Music, iCloud, Apple Arcade, Apple TV+, Apple News+ and Apple Card, accounted for 22% of sales in second-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 975 million paid subscribers across its Services portfolio at the end of the fiscal second quarter. This is expected to have increased in the to-be-reported quarter thanks to the growing installed base of Apple’s devices.
The App Store has been continuing to draw the attention of prominent developers from around the world, helping the company offer appealing apps to drive the App Store traffic, thereby expanding the subscriber base.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
The company expects Services revenue growth to be negatively impacted by challenging macroeconomic conditions, unfavorable forex, as well as weakness in digital advertising and gaming. Services revenues grew 5.5% year over year to $20.91 billion in the fiscal second quarter.
Our model estimates for Services revenues are pegged at $20.98 billion, indicating 7% growth from the figure reported in the year-ago quarter.
Click here to know how Apple’s overall fiscal third-quarter results are likely to be.
Apple’s Non-iPhone Revenues to Decline in Q3
Apple’s non-iPhone portfolio, which comprises Mac, iPad and Wearables, is expected to have declined in the fiscal third quarter.
This Zacks Rank #3 (Hold) company expects Mac and iPad revenues to decline double digits on a year-over-year basis due to challenging comparisons and macroeconomic headwinds. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Mac revenues are expected to have suffered from weak PC demand. Per Gartner’s latest report, 59.7 million PCs were shipped in the second quarter (June-end) of 2023, down 16.6% from the year-ago period. Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 20.8%, 0.9% and 21.8%, respectively. Apple witnessed a 0.3% decline, much better than Lenovo, HP and Dell’s figures.
Overall, Lenovo remained the top vendor, with a market share of 24%. HP holds the second spot, with a market share of 22.5% in worldwide PC shipments. Dell’s market share was 17.4% in the second quarter of 2023.
Apple’s market share increased from 7.4% in second-quarter 2022 to 8.9% in second-quarter 2023.
Our model estimate for Mac revenues for the fiscal third quarter is pegged at $5.60 billion, implying a 24.1% decline from the figure reported in the year-ago quarter.
Moreover, for iPad our model suggests $5.58 billion, suggesting a 22.8% decline from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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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Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 20.8%, 0.9% and 21.8%, respectively. Apple witnessed a 0.3% decline, much better than Lenovo, HP and Dell’s figures. Dell’s market share was 17.4% in the second quarter of 2023.
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Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 20.8%, 0.9% and 21.8%, 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. Apple witnessed a 0.3% decline, much better than Lenovo, HP and Dell’s figures.
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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. Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 20.8%, 0.9% and 21.8%, respectively. Apple witnessed a 0.3% decline, much better than Lenovo, HP and Dell’s figures.
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Shipments from Lenovo LNVGY, HP HPQ and Dell Technologies DELL declined 20.8%, 0.9% and 21.8%, respectively. Apple witnessed a 0.3% decline, much better than Lenovo, HP and Dell’s figures. Dell’s market share was 17.4% in the second quarter of 2023.
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149bc4b2-f4c0-4060-821e-5e421c9a39ed
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725433.0
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2023-08-01 00:00:00 UTC
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India's Redington's quarterly profit falls as expenses mount
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DELL
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https://www.nasdaq.com/articles/indias-redingtons-quarterly-profit-falls-as-expenses-mount
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nan
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nan
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CHENNAI, Aug 1 (Reuters) - India's Redington REDI.NS reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed.
The Chennai-based company, which distributes IT products of global giants like Apple AAPL.O and Dell Technologies DELL.N, said net profit dropped to 2.49 billion rupees ($30.3 million) for the quarter ended June 30, compared with 3.16 billion rupees a year earlier.
Corporations globally are reeling from the impact of higher expenses, partly due to higher interest rates, while several firms including Redington are also investing heavily to digitize their businesses more.
The company reported expenses climbing 27%, which ate into its bottomline.
A pandemic-led demand for consumer electronics, including smartphones and personal computers, is fading as people are spending more time in physical schools and offices, denting demand for work- and learn-from-home equipment.
Revenue from operations rose 26% to 211.87 billion rupees but dropped 3% sequentially.
Revenue from its rest of the world unit, which makes up more than half of its topline and includes the Middle East, Turkey and Africa, dropped around 5% from the previous quarter even as it jumped 29% from a year earlier.
Shares of Redington closed 1.6% higher ahead of its results, with the stock up just over 1% this year.
($1 = 82.2250 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
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 Chennai-based company, which distributes IT products of global giants like Apple AAPL.O and Dell Technologies DELL.N, said net profit dropped to 2.49 billion rupees ($30.3 million) for the quarter ended June 30, compared with 3.16 billion rupees a year earlier. CHENNAI, Aug 1 (Reuters) - India's Redington REDI.NS reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed. Revenue from its rest of the world unit, which makes up more than half of its topline and includes the Middle East, Turkey and Africa, dropped around 5% from the previous quarter even as it jumped 29% from a year earlier.
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The Chennai-based company, which distributes IT products of global giants like Apple AAPL.O and Dell Technologies DELL.N, said net profit dropped to 2.49 billion rupees ($30.3 million) for the quarter ended June 30, compared with 3.16 billion rupees a year earlier. CHENNAI, Aug 1 (Reuters) - India's Redington REDI.NS reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed. The company reported expenses climbing 27%, which ate into its bottomline.
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The Chennai-based company, which distributes IT products of global giants like Apple AAPL.O and Dell Technologies DELL.N, said net profit dropped to 2.49 billion rupees ($30.3 million) for the quarter ended June 30, compared with 3.16 billion rupees a year earlier. CHENNAI, Aug 1 (Reuters) - India's Redington REDI.NS reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed. Corporations globally are reeling from the impact of higher expenses, partly due to higher interest rates, while several firms including Redington are also investing heavily to digitize their businesses more.
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The Chennai-based company, which distributes IT products of global giants like Apple AAPL.O and Dell Technologies DELL.N, said net profit dropped to 2.49 billion rupees ($30.3 million) for the quarter ended June 30, compared with 3.16 billion rupees a year earlier. CHENNAI, Aug 1 (Reuters) - India's Redington REDI.NS reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed. Corporations globally are reeling from the impact of higher expenses, partly due to higher interest rates, while several firms including Redington are also investing heavily to digitize their businesses more.
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fd48fc89-a230-4cd3-a911-51073641db53
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725434.0
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2023-07-27 00:00:00 UTC
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September 8th Options Now Available For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/september-8th-options-now-available-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 become available today, for the September 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 8th contracts and identified one put and one call contract of particular interest.
The put contract at the $54.00 strike price has a current bid of $2.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $54.00, but will also collect the premium, putting the cost basis of the shares at $52.00 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $54.33/share today.
Because the $54.00 strike represents an approximate 1% 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 99%. 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 3.70% return on the cash commitment, or 31.44% 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 $54.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $1.90. If an investor was to purchase shares of DELL stock at the current price level of $54.33/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $55.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.73% if the stock gets called away at the September 8th 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 $55.00 strike highlighted in red:
Considering the fact that the $55.00 strike represents an approximate 1% 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 3.50% boost of extra return to the investor, or 29.69% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $54.33) to be 36%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
UNTK Insider Buying
Institutional Holders of DELT
LCUT YTD Return
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 $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 become available today, for the September 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 8th 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 $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the September 8th expiration.
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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 $54.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $1.90. Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 become available today, for the September 8th expiration.
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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 $54.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $1.90. Below is a chart showing DELL's trailing twelve month trading history, with the $55.00 strike highlighted in red: Considering the fact that the $55.00 strike represents an approximate 1% 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 become available today, for the September 8th expiration.
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f8f1ae4a-f9cf-4f10-93ed-503fffa08ca7
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725435.0
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2023-07-21 00:00:00 UTC
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The Big 3 in Cloud Computing
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DELL
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https://www.nasdaq.com/articles/the-big-3-in-cloud-computing
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nan
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nan
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C
loud computing, often referred to simply as “cloud,” has grown at a rapid pace in the recent years. According to Gartner, the worldwide end-user spending on public cloud services was $491 billion in 2022, which is expected to grow at 21.7% to reach $597.3 billion in 2023. Synergy Research estimates the 2022 market size at a slightly higher $544 billion.
While the numbers vary, the trend reflected is the same—high growth and opportunity. At such a juncture, the question arises: Is there more room for growth? With about 90% of global IT spending still on-premises and not yet in the cloud, there is ample scope for further penetration. And this is why cloud computing is an important business segment for almost all major technology players, making it a highly competitive space.
Here's an overview of the three major companies that command 65% of the market share.
1. Amazon (AMZN)
Amazon's Amazon Web Services (AWS) pioneered cloud computing in 2006 and is a dominant player in this space. AWS continues to maintain its long-standing market share in the band of 32-34%. Among segments of cloud market, Amazon continues to lead the infrastructure-as-a-service (IaaS) market with a 40% market share. Back in FY2017, AWS earned $17.46 billion in revenue constituting 9.8% of overall revenue. The revenue increased to $25.66 billion, $35.02 billion, $45 billion and 62.2 billion in FY2018, FY2019, FY2020 and FY2021, respectively. AWS earned $80.1 billion in revenue in FY2022 (January-December), an increase of 29% year-over-year. During Q1FY2023 (January- March), AWS reported a revenue increase of 16% year-over-year to $21.4 billion. AWS contributes around 16% to Amazon’s overall revenue.
Amazon continues to invest and innovate AWS. During the Q1 earnings call, Amazon’s President and Chief Executive Officer Andy Jassy said, “We are not close to being done inventing in AWS. Our recent announcement on large language models and generative AI and the chips and managed services associated with them is another recent example. And in my opinion, few folks appreciate how much new cloud business will happen over the next several years from the pending deluge of machine learning that's coming.”
In the recent quarter, AWS announced new commitments with American Family Insurance, Duke Energy, Brookfield Asset Management, Southwest Airlines, S&P Global, Zurich Insurance Group, BBVA, T-Mobile, Marvell and Iberdrola, among others. Amazon will report its Q2FY2023 earnings on August 3.
2. Microsoft (MSFT)
Microsoft's focus on cloud computing under the guidance of Satya Nadella has led to positive results. The company has gained market share as well as revenue. Microsoft cloud now commands 23% of the market (Q1CY2023), up from 13% just five years back (Q1CY2018). Within the cloud space, Microsoft is second in the IaaS market with a 21.5% market share while it leads the SaaS applications market segment. Microsoft is committed to research and development and entered multiple acquisitions and partnerships to make its cloud platform more efficient and robust. Microsoft’s 2022 annual report reads, “We are building Azure as the world’s computer, with more than 60 datacenter regions—more than any other provider—delivering faster access to cloud services while addressing critical data residency requirements.” In January this year, Microsoft announced the acquisition of Fungible to accelerate data center innovation.
In Q3FY2023 (January–March), Microsoft’s revenue stood at $28.5 billion translating to 53.87% of its overall revenue compared to 47.36% during the same quarter last year. During FY2022 (July–June), Microsoft reported a 32% year-over-year increase in its cloud revenue to $91.2 billion compared to $69.1 billion in FY2021. In the first nine months of FY2023, Microsoft’s cloud revenue has already reached $81.3 billion. Microsoft is expected to report earnings for FY2023 on July 25, 2023.
3. Google (GOOG, GOOGL)
Google, a subsidiary of Alphabet, has done a tremendous job catching up with market leaders to establish a place for itself in the cloud space. Google’s market share was barely visible until a few years back with its cloud revenue of $4.05 billion just making 3.7% of its overall revenue in FY2017 (January-December). By Q2CY2020, Google’s market share reached 9% and its revenue touched double-digit figures at $13.06 billion in FY2020. In FY2021, cloud revenue was recorded at $19.2 billion, which reached $26.28 billion in FY2022. During Q1FY2023 (January-March), cloud business reported a revenue of $7.45 billion constituting 10.68% overall revenue. During the earnings call, Sundar Pichai, CEO Alphabet and Google, said, “Over the past three years, GCP’s annual deal volume has grown nearly 500%, with large deals over $250 million, growing more than 300%. Nearly 60% of the world’s 1,000 largest companies are Google cloud customers. And many leading startups and millions of small and medium enterprises use Google cloud.”
To strengthen its cyber security defense, Google cloud acquired Mandiant, a leader in dynamic cyber defense, threat intelligence and incident response services in 2022. Companies such as Airbus, PayPal, P&G, The Home Depot, Equifax, UPS, King and CardinalHealth are some of its customers. Q2FY2023 earnings will be announced by Alphabet on July 25.
In addition to the big three players, some of the fastest growing and significant companies in the cloud computing market are Oracle (ORCL), Snowflake (SNOW), MongoDB (MDB), Huawei, Salesforce.com, Inc. (CRM), IBM, Adobe (ADBE), Alibaba (BABA), SAP (SAP), Cisco (CSCO), Digital Realty (DLR), Inspur, Dell (DELL) and VMWare (VMW).
Disclaimer:
The report has been carefully prepared, and any exclusions or errors in it are totally unintentional. The author has no position in any stocks mentioned. Investors should consider the above information not as a de facto recommendation, but as an idea for further consideration. Data based on earnings report, research reports by Synergy Research ad Gartner.
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 addition to the big three players, some of the fastest growing and significant companies in the cloud computing market are Oracle (ORCL), Snowflake (SNOW), MongoDB (MDB), Huawei, Salesforce.com, Inc. (CRM), IBM, Adobe (ADBE), Alibaba (BABA), SAP (SAP), Cisco (CSCO), Digital Realty (DLR), Inspur, Dell (DELL) and VMWare (VMW). Microsoft (MSFT) Microsoft's focus on cloud computing under the guidance of Satya Nadella has led to positive results. And in my opinion, few folks appreciate how much new cloud business will happen over the next several years from the pending deluge of machine learning that's coming.” In the recent quarter, AWS announced new commitments with American Family Insurance, Duke Energy, Brookfield Asset Management, Southwest Airlines, S&P Global, Zurich Insurance Group, BBVA, T-Mobile, Marvell and Iberdrola, among others.
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Microsoft (MSFT) Microsoft's focus on cloud computing under the guidance of Satya Nadella has led to positive results. In addition to the big three players, some of the fastest growing and significant companies in the cloud computing market are Oracle (ORCL), Snowflake (SNOW), MongoDB (MDB), Huawei, Salesforce.com, Inc. (CRM), IBM, Adobe (ADBE), Alibaba (BABA), SAP (SAP), Cisco (CSCO), Digital Realty (DLR), Inspur, Dell (DELL) and VMWare (VMW). Among segments of cloud market, Amazon continues to lead the infrastructure-as-a-service (IaaS) market with a 40% market share.
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Microsoft (MSFT) Microsoft's focus on cloud computing under the guidance of Satya Nadella has led to positive results. In addition to the big three players, some of the fastest growing and significant companies in the cloud computing market are Oracle (ORCL), Snowflake (SNOW), MongoDB (MDB), Huawei, Salesforce.com, Inc. (CRM), IBM, Adobe (ADBE), Alibaba (BABA), SAP (SAP), Cisco (CSCO), Digital Realty (DLR), Inspur, Dell (DELL) and VMWare (VMW). The revenue increased to $25.66 billion, $35.02 billion, $45 billion and 62.2 billion in FY2018, FY2019, FY2020 and FY2021, respectively.
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Microsoft (MSFT) Microsoft's focus on cloud computing under the guidance of Satya Nadella has led to positive results. In addition to the big three players, some of the fastest growing and significant companies in the cloud computing market are Oracle (ORCL), Snowflake (SNOW), MongoDB (MDB), Huawei, Salesforce.com, Inc. (CRM), IBM, Adobe (ADBE), Alibaba (BABA), SAP (SAP), Cisco (CSCO), Digital Realty (DLR), Inspur, Dell (DELL) and VMWare (VMW). Back in FY2017, AWS earned $17.46 billion in revenue constituting 9.8% of overall revenue.
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737bb911-413b-4454-b657-54e638179344
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725436.0
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2023-07-20 00:00:00 UTC
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Cisco Systems Breaks its 52-Week High; Will the Stock Continue to Climb?
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DELL
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https://www.nasdaq.com/articles/cisco-systems-breaks-its-52-week-high-will-the-stock-continue-to-climb
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nan
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nan
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Though shares of the network hardware company Cisco Systems (CSCO) hit a 52-week high today, the stock is only up +10.57% year to date (YTD), which is significantly lower than the +35.36% the Nasdaq Composite has achieved:www.barchart.com
So, why is Cisco's underperforming, will it rebound, and is now a good time to scoop up shares of the stock?
About Cisco
Founded in 1984, San Jose, CA-based Cisco is a leading manufacturer and seller of networking hardware, software and services. Its key products are routers and switches which connect networks together. It also offers other products like firewalls, security appliances, and wireless solutions.
Moreover, Cisco has operations worldwide, employing more than 83,000 employees.
Rising Revenue and Profits
Cisco's underperformance can be attributed to the muted demand from customers due to supply chain constraints. Orders actually slid by 23% in the latest quarter. Worryingly, this follows a 22% drop in the second quarter.
However, the company's revenues and profits have continued to display growth even amid this demand slowdown, surpassing analyst expectations. While total revenues grew by 13.5% from the prior year to $14.6 billion, net income grew by 5.5% to $3.2 billion. Cash flow from operating activities also improved by an impressive 43% yearly to $5.2 billion, highlighting the company's operational strength.
Remaining performance obligation, a key metric which indicates a company's future revenues from contracts already signed, increased by 6% from the previous year to $32.1 billion. The company expects a revenue recognition of 53% from this, indicating revenue visibility for the near term.
However, the gross margin remained almost flat at 65.2% compared to 65.3% in the previous year.
Healthy Dividends and Buybacks
Cisco's management has aided the share price of the company by opting to reward shareholders through periodic dividends and buybacks.
In the third quarter, Cisco returned about $2.9 billion to its shareholders through dividends and buybacks. While a dividend of $0.39 per share amounted to a total dividend of $1.6 billion, the total share repurchase amounted to $1.3 billion.
Moreover, the company has $12.2 billion left under its stock repurchase program indicating that the company's share repurchase activities are expected to continue.
Valuations
Compared to it peers, like Dell (DELL), Hewlett Packard (HPE), VMware (VMW) and Juniper (JNPR), CSCO is not undervalued.
Cisco's Forward Price-to-Earnings (P)E stands at 17.05 which is more than HPE (11.81) but less than Dell (20.79), VMware (42.76) and Juniper (19.76).
In terms of the Price-to-Sales (PS) ratio, CSCO's is 3.80, which it is lower than only VMware at 5, but higher than Dell (0.41), HPE (0.75) and Juniper (1.72).
Finally, for the Price-to-Cash Flow ratio, Cisco appears right in the middle, when compared to its peers. Cisco's Price-to-Cash Flow ratio currently stands at 11.77, higher than Dell's (7.09) and HPE's (5.06). However, it is way lower than Juniper's 98.19 and slightly lower than VMware's 13.58.
Analyst Estimates
Analysts have an overall rating of “Moderate Buy” on the stock. Out of the 20 analysts covering the stock, 5 have a “Strong Buy” rating, 2 have a “Moderate Buy” rating and 13 have a “Hold” rating on the Cisco stock. The mean target price of $56.18 (10.6% upside potential from current levels) and a high target price of $73 (43.7% upside potential from current levels).
www.barchart.com
Final Takeaway
Though CSCO hit a 52-week high today, I am neutral on the stock at these levels. I question whether the current headwinds that are being faced by Cisco, in the form of sluggish demand and supply chain constraints, really are transitory in nature.
I do like it's sound 3% dividend yield but the company's valuation isn't compelling from a value perspective. So, in my opinion, CSCO is a Hold and I will reevaluate after its next earnings report, scheduled on August 16th.
On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy 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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Valuations Compared to it peers, like Dell (DELL), Hewlett Packard (HPE), VMware (VMW) and Juniper (JNPR), CSCO is not undervalued. Cisco's Forward Price-to-Earnings (P)E stands at 17.05 which is more than HPE (11.81) but less than Dell (20.79), VMware (42.76) and Juniper (19.76). In terms of the Price-to-Sales (PS) ratio, CSCO's is 3.80, which it is lower than only VMware at 5, but higher than Dell (0.41), HPE (0.75) and Juniper (1.72).
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Cisco's Price-to-Cash Flow ratio currently stands at 11.77, higher than Dell's (7.09) and HPE's (5.06). Valuations Compared to it peers, like Dell (DELL), Hewlett Packard (HPE), VMware (VMW) and Juniper (JNPR), CSCO is not undervalued. Cisco's Forward Price-to-Earnings (P)E stands at 17.05 which is more than HPE (11.81) but less than Dell (20.79), VMware (42.76) and Juniper (19.76).
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Valuations Compared to it peers, like Dell (DELL), Hewlett Packard (HPE), VMware (VMW) and Juniper (JNPR), CSCO is not undervalued. Cisco's Forward Price-to-Earnings (P)E stands at 17.05 which is more than HPE (11.81) but less than Dell (20.79), VMware (42.76) and Juniper (19.76). In terms of the Price-to-Sales (PS) ratio, CSCO's is 3.80, which it is lower than only VMware at 5, but higher than Dell (0.41), HPE (0.75) and Juniper (1.72).
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Valuations Compared to it peers, like Dell (DELL), Hewlett Packard (HPE), VMware (VMW) and Juniper (JNPR), CSCO is not undervalued. Cisco's Forward Price-to-Earnings (P)E stands at 17.05 which is more than HPE (11.81) but less than Dell (20.79), VMware (42.76) and Juniper (19.76). In terms of the Price-to-Sales (PS) ratio, CSCO's is 3.80, which it is lower than only VMware at 5, but higher than Dell (0.41), HPE (0.75) and Juniper (1.72).
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3180491a-4e20-4fc9-ad9f-9d0b33045cd4
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725437.0
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2023-07-20 00:00:00 UTC
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Ex-Div Reminder for Dell Technologies
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DELL
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https://www.nasdaq.com/articles/ex-div-reminder-for-dell-technologies
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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 7/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.37, payable on 8/4/23. As a percentage of DELL's recent stock price of $53.66, this dividend works out to approximately 0.69%, so look for shares of Dell Technologies Inc to trade 0.69% lower — all else being equal — when DELL shares open for trading on 7/24/23.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DELL is likely to continue, and whether the current estimated yield of 2.76% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DELL shares, versus its 200 day moving average:
Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $56.10 as the 52 week high point — that compares with a last trade of $53.73.
In Thursday trading, Dell Technologies Inc shares are currently down about 1.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
MLPs Hedge Funds Are Selling
Institutional Holders of CABA
AAXN Videos
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 general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DELL is likely to continue, and whether the current estimated yield of 2.76% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $56.10 as the 52 week high point — that compares with a last trade of $53.73. Looking at the universe of stocks we cover at Dividend Channel, on 7/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.37, payable on 8/4/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.37, payable on 8/4/23. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $56.10 as the 52 week high point — that compares with a last trade of $53.73. In Thursday trading, Dell Technologies Inc shares are currently down about 1.2% on the day.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.37, payable on 8/4/23. As a percentage of DELL's recent stock price of $53.66, this dividend works out to approximately 0.69%, so look for shares of Dell Technologies Inc to trade 0.69% lower — all else being equal — when DELL shares open for trading on 7/24/23. The chart below shows the one year performance of DELL shares, versus its 200 day moving average: Looking at the chart above, DELL's low point in its 52 week range is $32.895 per share, with $56.10 as the 52 week high point — that compares with a last trade of $53.73.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/24/23, Dell Technologies Inc (Symbol: DELL) will trade ex-dividend, for its quarterly dividend of $0.37, payable on 8/4/23. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DELL is likely to continue, and whether the current estimated yield of 2.76% on annualized basis is a reasonable expectation of annual yield going forward. In Thursday trading, Dell Technologies Inc shares are currently down about 1.2% on the day.
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5f82bb15-623f-401f-afa2-72d305a5d25d
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725438.0
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2023-07-19 00:00:00 UTC
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Microsoft (MSFT) to Report Q4 Earnings: What's in the Cards?
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DELL
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https://www.nasdaq.com/articles/microsoft-msft-to-report-q4-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 fourth-quarter fiscal 2023 results on Jul 25.
The Zacks Consensus Estimate for revenues is pegged at $55.36 billion, indicating growth of 6.74% from the figure reported in the year-ago quarter.
The consensus mark for earnings has moved south by 0.4% to $2.55 per share over the past 30 days, suggesting 14.35% year-over-year growth.
Microsoft’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing in one, the average surprise being 3.25%.
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.
Over the past three months, shares of MSFT have returned 25.7% and outperformed the broader Zacks Computer & Technology sector and its peers Zoom ZM, Dell Technologies DELL and Hewlett Packard HPE, which have gained 20%, 10%, 25.4% and 20.2%, respectively.
Microsoft Corporation Price and EPS Surprise
Microsoft Corporation price-eps-surprise | Microsoft Corporation Quote
Let’s see how things have shaped up for the upcoming announcement:
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’ user growth is expected to have been driven by the continuation of remote work and mainstream adoption of the hybrid/flexible work model.
For the fiscal fourth quarter, Microsoft expects revenue growth in the Productivity and Business processes segment between 10% and 12% in constant currency (cc) to a range of $17.9-$18.2 billion. Our model estimate is pegged at $17.94 billion, indicating growth of 8.1% year over year.
Teams’ expanding customer base and features have been helping Microsoft win shares in the enterprise communication market against Zoom.
This Zacks Rank #3 (Hold) company expects Office 365 revenue growth to be roughly 16% in cc, which is in line with our model estimates. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the to-be-reported quarter, 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 is pegged at revenue growth of 31.5% year over year.
Microsoft and OpenAI's shared commitment to building generative AI systems and products that are trustworthy and safe. In the to-be-reported quarter, the company introduced innovative AI solutions specifically designed for Microsoft Cloud for Nonprofit, which have the potential to revolutionize fundraising and volunteer engagement within the nonprofit sector.
Microsoft and Epic expanded its long-standing partnership to integrate generative AI in the healthcare sector.
Improving yet Persistent Decline in PC Market to Hurt Top Line
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 seven 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 April-June 2023 quarter plunged 16.6% year over year to 59.7 million units. The second-quarter PC shipment data shows a strong improvement from the first quarter when PC vendors had shipped 55.2 million units.
Among big PC vendors, Dell Technologies, Hewlett Packard and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 21.8% to 13.2 million units, while HPE registered a 0.9% year-over-year decline in shipments to 13.9 million units.
For more personal computing, Microsoft projects revenues between $13.35 billion and $13.65 billion, pressured by improving yet persistent decline in the personal computer market. The company sees Windows OEM revenues to decline in the low-to-mid 20s range.
Our model estimate is pegged at $13.55 billion, indicating a decline of 6.3% from the figure reported in the year-ago quarter.
Microsoft expects Xbox content and services revenue growth in the low to mid-teens due to third-party and first-party content as well as Xbox Game Pass.
For Intelligent Cloud, Microsoft anticipates revenues in cc to increase between 15% and 16% to a range of $23.6-$23.9 billion. MSFT warned that revenues from Azure can have quarterly variability primarily from per user business and in-period revenue recognition depending on the mix of contracts.
Our model estimate is pegged at $23.6 billion, indicating growth of 13.6% from the figure reported in the year-ago quarter.
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
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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Over the past three months, shares of MSFT have returned 25.7% and outperformed the broader Zacks Computer & Technology sector and its peers Zoom ZM, Dell Technologies DELL and Hewlett Packard HPE, which have gained 20%, 10%, 25.4% and 20.2%, respectively. Among big PC vendors, Dell Technologies, Hewlett Packard and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 21.8% to 13.2 million units, while HPE registered a 0.9% year-over-year decline in shipments to 13.9 million units.
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Over the past three months, shares of MSFT have returned 25.7% and outperformed the broader Zacks Computer & Technology sector and its peers Zoom ZM, Dell Technologies DELL and Hewlett Packard HPE, which have gained 20%, 10%, 25.4% and 20.2%, respectively. 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. Among big PC vendors, Dell Technologies, Hewlett Packard 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. Over the past three months, shares of MSFT have returned 25.7% and outperformed the broader Zacks Computer & Technology sector and its peers Zoom ZM, Dell Technologies DELL and Hewlett Packard HPE, which have gained 20%, 10%, 25.4% and 20.2%, respectively. Among big PC vendors, Dell Technologies, Hewlett Packard 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. Over the past three months, shares of MSFT have returned 25.7% and outperformed the broader Zacks Computer & Technology sector and its peers Zoom ZM, Dell Technologies DELL and Hewlett Packard HPE, which have gained 20%, 10%, 25.4% and 20.2%, respectively. Among big PC vendors, Dell Technologies, Hewlett Packard and Lenovo registered a decrease in shipments.
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136d22ab-9596-43b6-8ef3-30351c136cd2
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725439.0
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2023-07-18 00:00:00 UTC
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Goldman Sachs Maintains Dell Technologies Inc - Class C (DELL) Buy Recommendation
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DELL
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https://www.nasdaq.com/articles/goldman-sachs-maintains-dell-technologies-inc-class-c-dell-buy-recommendation-1
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nan
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nan
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Fintel reports that on July 18, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
Analyst Price Forecast Suggests 1.16% Downside
As of July 6, 2023, the average one-year price target for Dell Technologies Inc - Class C is 54.07. The forecasts range from a low of 45.45 to a high of $63.00. The average price target represents a decrease of 1.16% from its latest reported closing price of 54.70.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of July 25, 2023 will receive the payment on August 4, 2023. Previously, the company paid $0.37 per share.
At the current share price of $54.70 / share, the stock's dividend yield is 2.71%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.83%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=214).
The current dividend yield is 0.91 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.42. 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 0.06%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1150 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 15 owner(s) or 1.29% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 13.94%. Total shares owned by institutions decreased in the last three months by 5.02% to 209,132K shares.
The put/call ratio of DELL is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Additional reading:
Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities
Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities
DELL TECHNOLOGIES INC. 2023 STOCK INCENTIVE PLAN
Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities
List of Guarantor Subsidiaries and Issuers of Guaranteed Securities
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. Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Fintel reports that on July 18, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities List of Guarantor Subsidiaries and Issuers of Guaranteed Securities This story originally appeared on Fintel. Fintel reports that on July 18, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Fintel reports that on July 18, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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There are 1150 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 15 owner(s) or 1.29% in the last quarter. Fintel reports that on July 18, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 1.16% Downside As of July 6, 2023, the average one-year price target for Dell Technologies Inc - Class C is 54.07.
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50d3a6f5-3569-4a52-bd6e-d6d19dd34a2c
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725440.0
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2023-07-18 00:00:00 UTC
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How High Will CrowdStrike Stock Climb?
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DELL
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https://www.nasdaq.com/articles/how-high-will-crowdstrike-stock-climb
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nan
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nan
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After underperforming the broader markets in 2022, shares of the cybersecurity company CrowdStrike (CRWD) have recouped some of its losses. CRWD stock has gained over 43% year-to-date, outperforming the S&P 500 Index (SPY) ($SPX). www.barchart.com
Despite the recent appreciation in price, the stock is trading well below its two-year high of $298.48 due to macro concerns that have limited enterprise spending. However, the ongoing digital transformation, the launch of the generative AI (Artificial Intelligence) tool, its growing enterprise customer base, cross-selling opportunities, and strategic partnerships augur well for long-term growth.
With this in the backdrop, let’s understand how high CrowdStrike stock could go and whether it should be part of your portfolio.
CrowdStrike Stock to Gain from Solid Platform Metric
CrowdStrike stock has multiple growth catalysts that support its bull case. One among them is its stellar platform metric. The company’s subscription customers are growing rapidly. For instance, it has grown from 2,516 in FY19 to 23,019 in FY23. Impressively, 62% of its customers are with five or more modules. Furthermore, 40% of its customers have six or more modules, and 23% are with 7+ modules.
The growing percentage of its subscription customers with multiple modules enables the company to generate incremental revenue per customer, improves margins, and reduces churn rate.
While CrowdStrike’s customer base with multiple modules is increasing, the cyber security industry is witnessing a consolidation due to the macro uncertainty. As an increased number of customers consolidate and modernize their security stack, CrowdStrike, with its Falcon platform, is poised to win market share and drive margins.
The company acquired two new Fortune 100 customers during the first quarter that are consolidating their security stack on Falcon. The company highlighted that these new customers purchased multiple modules, while one among them adopted nine modules.
Thus, the consolidation in the industry, the expansion of its existing products, and the development of new ones will increase customer stickiness on its platform. Moreover, it will drive multiple module adoption, expand the addressable market, and support margin growth.
Strategic Partnerships to Support Growth
CrowdStrike enters into partnerships with several companies to distribute its products, which provides a solid opportunity for growth. Thanks to its strategic partnership with Dell (DELL), CRWD won a new customer, a regional healthcare corporation, in the first quarter.
The company highlighted that it was a seven-figure total value deal, while the customer adopted eight Falcon modules. Management anticipates expanding its partnership with Dell and other managed service providers, which offers solid growth opportunities in the coming years.
CrowdStrike also entered into a strategic partnership with Pax8. The partnership will enable CrowdStrike to displace the legacy and NextGen product vendors and win more customers.
The AI Opportunity
CrowdStrike has been leveraging AI to drive better customer outcomes and efficiencies for years. The use of AI has benefited CRWD’s business by lowering costs and yielding higher margins. The company teamed up with Amazon’s (AMZN) AWS to develop powerful new generative AI applications. Moreover, it launched Charlotte AI, its generative AI security analyst.
Charlotte AI will help its customer to respond to threats faster and lower operational costs, and in turn, it will improve CRWD’s modules, drive multiple product adoption, and support margins.
CRWD’s Financial Performance Impress
The company’s rapid customer growth, new product launches, utilization of AI, and the adoption of multiple modules have consistently driven its revenue higher and reduced operating costs. CRWD’s annual recurring revenues are growing at a decent pace. Meanwhile, it generates solid subscription gross margins.
Over the years, CRWD has managed to lower its operating costs and expand its margins. CRWD’s operating expenses as a percentage of revenue have consistently declined since FY18. At the same time, its operating margin has grown from 7% in FY21 to 17% in the first quarter of FY24.
Given the macro concerns, its annual recurring revenue growth has moderated a bit, while its retention rate has declined slightly (still remains above its 120% benchmark). However, these issues are transitory, and CRWD, with its Falcon platform and AI applications, is poised to win new customers and displace legacy vendors.
The Final Takeaway
Despite macro pressure, CrowdStrike is well-positioned to deliver solid growth led by its robust pipeline, momentum with large customers, and growing success in closing deals involving eight or more modules. Further, the consolidation in the industry, increasing adoption of its Falcon platform, its ability to retain customers, and continued investments to enhance its technology platform and product functionality bode well for growth.
Given the recent run, CRWD stock is trading at a price-to-sales multiple of 15.8, which is high compared to peers. However, its premium valuation is warranted, given the solid growth opportunities.
www.barchart.com
Out of the 40 analysts covering CRWD stock, 34 have a “strong buy” recommendation, 2 analysts recommend a “Moderate Buy,” and 4 maintain a “Hold” recommendation. And at a current price of $151.63, CrowdStrike stock offers about 18% upside potential based on analysts’ mean price target of $178.97.
On the date of publication, Sneha Nahata did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy 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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Thanks to its strategic partnership with Dell (DELL), CRWD won a new customer, a regional healthcare corporation, in the first quarter. Management anticipates expanding its partnership with Dell and other managed service providers, which offers solid growth opportunities in the coming years. However, the ongoing digital transformation, the launch of the generative AI (Artificial Intelligence) tool, its growing enterprise customer base, cross-selling opportunities, and strategic partnerships augur well for long-term growth.
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Thanks to its strategic partnership with Dell (DELL), CRWD won a new customer, a regional healthcare corporation, in the first quarter. Management anticipates expanding its partnership with Dell and other managed service providers, which offers solid growth opportunities in the coming years. The growing percentage of its subscription customers with multiple modules enables the company to generate incremental revenue per customer, improves margins, and reduces churn rate.
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Thanks to its strategic partnership with Dell (DELL), CRWD won a new customer, a regional healthcare corporation, in the first quarter. Management anticipates expanding its partnership with Dell and other managed service providers, which offers solid growth opportunities in the coming years. The growing percentage of its subscription customers with multiple modules enables the company to generate incremental revenue per customer, improves margins, and reduces churn rate.
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Thanks to its strategic partnership with Dell (DELL), CRWD won a new customer, a regional healthcare corporation, in the first quarter. Management anticipates expanding its partnership with Dell and other managed service providers, which offers solid growth opportunities in the coming years. CrowdStrike Stock to Gain from Solid Platform Metric CrowdStrike stock has multiple growth catalysts that support its bull case.
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ee7ef223-2b31-4bbd-9726-bf7e8747f273
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725441.0
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2023-07-18 00:00:00 UTC
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Zacks Investment Ideas feature highlights: NCR, Dell, Nvidia, Hewlett Packard and Lockheed Martin
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DELL
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-ncr-dell-nvidia-hewlett-packard-and-lockheed
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nan
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nan
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For Immediate Release
Chicago, IL – July 18, 2023 – Today, Zacks Investment Ideas feature highlights NCR NCR, Dell Technologies DELL, Nvidia NVDA, Hewlett Packard HPE and Lockheed Martin LMT.
3 Zacks Computer & Technology Stocks to Buy for Value
Several computer companies are attractive at the moment with their stocks still appearing to be undervalued despite the magnificent rally among tech stocks this year.
With the Nasdaq’s total return including dividends at +39% year to date and the broader Zacks Computer and Technology sector soaring +41% these tech stocks could have more upside and their attractive valuations are more reassuring.
NCR
We will start with NCR Corporation which stock boasts a Zacks Rank #1 (Strong Buy) and belongs to the Zacks Computer-Integrated Systems Industry, currently in the top 31% of over 250 Zacks industries.
NCR offers payment processing, multi-vendor connected-device services, automated teller machines (ATMs), point of sale (POS) terminals, and self-service technologies.
With earnings estimates on the rise, NCR is expecting solid bottom-line growth and is starting to stand out in terms of price-to-earnings valuation. Annual earnings are now forecasted to climb 20% this year at $3.14 per share compared to EPS of $2.62 in 2022. Plus, fiscal 2024 earnings are expected to rise another 8%.
Even better, NCR stock is making the case for being vastly undervalued at $26 a share and just 8.2X forward earnings. NCR trades well below the S&P 500’s 21.8X and at a considerable discount to its industry average of 15X.
NCR stock also trades 61% below its decade-long high of 21.3X and offers a 25% discount to the median of 11X.
Dell Technologies
Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy).
The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions. Notably, Dell’s enterprise solutions and software solutions should receive a boost from Artificial Intelligence (AI).
Dell’s P/E valuation is very intriguing considering the company offers exposure to the future growth of generative AI capabilities through its joint venture Project Helix with Nvidia.
Announced in May, Project Helix is a joint initiative to make it easier for businesses to build and use generative AI models on-premises to quickly and securely deliver better customer service, market intelligence, enterprise search, and a range of other capabilities.
It’s noteworthy that Dell’s stock appears to be a cheaper option regarding AI prospects. To that point, Dell’s 9.9X forward earnings is intriguingly below its collaborator Nvidia’s 58.5X.
Furthermore, Dell stock trades at a very attractive discount to the benchmark and its industry average of 34.6X. After a very tough to-compete-against year, Dell’s earnings are expected to dip -27% this year but rebound and rise 11% in fiscal 2024 at $6.15 per share.
Earnings estimates for both fiscal 2023 and FY24 have remained higher over the last 60 days offering further support to Dell’s attractive P/E valuation and the case that shares of DELL may be undervalued at $55 a share.
Hewlett Packard
Rounding out the list is Hewlett Packard which sports a Zacks Rank #2 (Buy) and belongs to the top-rated Computer-Integrated Systems Industry.
Intriguingly, Hewlett Packard is another company with AI offerings and potential that looks undervalued at current levels. Earlier in the year Hewlett Packard announced its expansion into AI-at-scale by acquiring Pachyderm, a startup that delivers software based on open-source technology to automate reproducible machine learning pipelines that target large-scale AI applications.
Hewlett Packard has stated aerospace and defense giant Lockheed Martin is already demonstrating AI at-scale for mission-critical security and aerospace applications using combined HPE and Pachyderm solutions.
Hewlett Packard’s earnings are now expected to rise 4% this year at $2.11 per share and then dip by roughly -1% in FY24. Still, trading at $17 a share and 8X forward earnings makes Hewlett Packard stock look undervalued with the industry average at 15X and the S&P 500 at 21.8X.
Bottom Line
These top-rated Zacks Computer & Technology sector stocks have an “A” Zacks Style Scores grade for Value. With the Nasdaq continuing its bullish upward trend, NCR, Dell, and Hewlett Packard are three tech stocks that should have more upside as they look undervalued at their current levels.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
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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.
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Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NCR Corporation (NCR) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : 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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For Immediate Release Chicago, IL – July 18, 2023 – Today, Zacks Investment Ideas feature highlights NCR NCR, Dell Technologies DELL, Nvidia NVDA, Hewlett Packard HPE and Lockheed Martin LMT. Dell Technologies Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions.
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For Immediate Release Chicago, IL – July 18, 2023 – Today, Zacks Investment Ideas feature highlights NCR NCR, Dell Technologies DELL, Nvidia NVDA, Hewlett Packard HPE and Lockheed Martin LMT. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NCR Corporation (NCR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy).
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Dell Technologies Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NCR Corporation (NCR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – July 18, 2023 – Today, Zacks Investment Ideas feature highlights NCR NCR, Dell Technologies DELL, Nvidia NVDA, Hewlett Packard HPE and Lockheed Martin LMT.
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For Immediate Release Chicago, IL – July 18, 2023 – Today, Zacks Investment Ideas feature highlights NCR NCR, Dell Technologies DELL, Nvidia NVDA, Hewlett Packard HPE and Lockheed Martin LMT. Dell Technologies Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions.
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dcba0d58-76da-45b0-b748-db73f0e64b21
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725442.0
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2023-07-17 00:00:00 UTC
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3 Zacks Computer & Technology Stocks to Buy for Value
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DELL
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https://www.nasdaq.com/articles/3-zacks-computer-technology-stocks-to-buy-for-value
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nan
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nan
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Several computer companies are attractive at the moment with their stocks still appearing to be undervalued despite the magnificent rally among tech stocks this year.
With the Nasdaq’s total return including dividends at +39% year to date and the broader Zacks Computer and Technology sector soaring +41% these tech stocks could have more upside and their attractive valuations are more reassuring.
Image Source: Zacks Investment Research
NCR (NCR)
We will start with NCR Corporation which stock boasts a Zacks Rank #1 (Strong Buy) and belongs to the Zacks Computer-Integrated Systems Industry, currently in the top 31% of over 250 Zacks industries.
NCR offers payment processing, multi-vendor connected-device services, automated teller machines (ATMs), point of sale (POS) terminals, and self-service technologies.
With earnings estimates on the rise, NCR is expecting solid bottom-line growth and is starting to stand out in terms of price-to-earnings valuation. Annual earnings are now forecasted to climb 20% this year at $3.14 per share compared to EPS of $2.62 in 2022. Plus, fiscal 2024 earnings are expected to rise another 8%.
Image Source: Zacks Investment Research
Even better, NCR stock is making the case for being vastly undervalued at $26 a share and just 8.2X forward earnings. NCR trades well below the S&P 500’s 21.8X and at a considerable discount to its industry average of 15X.
NCR stock also trades 61% below its decade-long high of 21.3X and offers a 25% discount to the median of 11X.
Image Source: Zacks Investment Research
Dell Technologies (DELL)
Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy).
The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions. Notably, Dell’s enterprise solutions and software solutions should receive a boost from Artificial Intelligence (AI).
Dell’s P/E valuation is very intriguing considering the company offers exposure to the future growth of generative AI capabilities through its joint venture Project Helix with Nvidia (NVDA).
Announced in May, Project Helix is a joint initiative to make it easier for businesses to build and use generative AI models on-premises to quickly and securely deliver better customer service, market intelligence, enterprise search, and a range of other capabilities.
Image Source: Zacks Investment Research
It’s noteworthy that Dell’s stock appears to be a cheaper option regarding AI prospects. To that point, Dell’s 9.9X forward earnings is intriguingly below its collaborator Nvidia’s 58.5X.
Furthermore, Dell stock trades at a very attractive discount to the benchmark and its industry average of 34.6X. After a very tough to-compete-against year, Dell’s earnings are expected to dip -27% this year but rebound and rise 11% in fiscal 2024 at $6.15 per share.
Earnings estimates for both fiscal 2023 and FY24 have remained higher over the last 60 days offering further support to Dell’s attractive P/E valuation and the case that shares of DELL may be undervalued at $55 a share.
Image Source: Zacks Investment Research
Hewlett Packard (HPE)
Rounding out the list is Hewlett Packard which sports a Zacks Rank #2 (Buy) and belongs to the top-rated Computer-Integrated Systems Industry.
Intriguingly, Hewlett Packard is another company with AI offerings and potential that looks undervalued at current levels. Earlier in the year Hewlett Packard announced its expansion into AI-at-scale by acquiring Pachyderm, a startup that delivers software based on open-source technology to automate reproducible machine learning pipelines that target large-scale AI applications.
Hewlett Packard has stated aerospace and defense giant Lockheed Martin (LMT) is already demonstrating AI at-scale for mission-critical security and aerospace applications using combined HPE and Pachyderm solutions.
Hewlett Packard’s earnings are now expected to rise 4% this year at $2.11 per share and then dip by rougly -1% in FY24. Still, trading at $17 a share and 8X forward earnings makes Hewlett Packard stock look undervalued with the industry average at 15X and the S&P 500 at 21.8X.
Image Source: Zacks Investment Research
Bottom Line
These top-rated Zacks Computer & Technology sector stocks have an “A” Zacks Style Scores grade for Value. With the Nasdaq continuing its bullish upward trend, NCR, Dell, and Hewlett Packard are three tech stocks that should have more upside as they look undervalued at their current levels.
5 Stocks Set to Double
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NCR Corporation (NCR) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
Lockheed Martin Corporation (LMT) : 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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Image Source: Zacks Investment Research Dell Technologies (DELL) Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions. Notably, Dell’s enterprise solutions and software solutions should receive a boost from Artificial Intelligence (AI).
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Image Source: Zacks Investment Research Dell Technologies (DELL) Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NCR Corporation (NCR) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions.
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Image Source: Zacks Investment Research Dell Technologies (DELL) Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NCR Corporation (NCR) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions.
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Image Source: Zacks Investment Research Dell Technologies (DELL) Among the Zacks Computers-IT Services Industry, Dell Technologies is worthy of consideration with its stock sporting a Zacks Rank #2 (Buy). Earnings estimates for both fiscal 2023 and FY24 have remained higher over the last 60 days offering further support to Dell’s attractive P/E valuation and the case that shares of DELL may be undervalued at $55 a share. The Computers-IT Services Industry is in Zacks top 41% with Dell standing out as a leading provider of information technology solutions.
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d269770d-c4d1-43d0-a94e-1a949a05cd54
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725443.0
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2023-07-14 00:00:00 UTC
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Why This Small Cap Company Will Blow Past Computer Giants
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DELL
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https://www.nasdaq.com/articles/why-this-small-cap-company-will-blow-past-computer-giants
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nan
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nan
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Small companies can pivot quicker and adjust to abrupt movements in the underlying economy, like changing gears and direction on a race car. Conversely, larger companies take more time and effort to pivot and adjust the comparative tanker or bulker ship. Now that the United States economy is pivoting due to the FED combating rampant inflation rates via orthodox tools like raising interest rates and decreasing liquidity across markets.
Some industries are naturally bound to outperform during these adjustments, as others are also naturally set to underperform. Today investors have a chance to get a leg up on the next market move, positioning themselves before larger capital pools rotate with the market.
When looking at the past seven months of United States ISM manufacturing and non-manufacturing PMI data, trends pointing to the industries set for a breakout become clear.
The computer hardware industry has been flashing green lights across the board in the central readings within the report, such as New orders, production, and employment.
Combining growth readings in these inputs, investors can assume that backlog orders are rising in the space, pushing the need for increased production and capacity for new employees. The key now becomes finding the perceived winner in the industry; for reasons that will become clear, Identiv (NASDAQ: INVE) is the prime choice for investors to consider a purchase.
Understanding the Past
Identiv's chart may look like something out of a recession nightmare, four years of flattish price action from 2016-2020, followed by an aggressive peak and a subsequent decline. Investors can look to Wall Street's definition of a 'Bear Market,' which points to a 20% price retracement from all-time - or recent - highs.
In the case of Identiv, the stock reached a peak of $29 per share at the end of 2021, which would make the 'Bear Marker' price of $23.2 robust for investors to shoot for as a proximate target. Identiv analyst ratings are pointing in the right direction, as they have now assigned a consensus price target of $11 per share, translating to a 28% potential upside from today's prices.
These initial ratings may lie conservative, perhaps awaiting new reasons to increase the sentiment and create a new potential ceiling. When looking at the financial performance in Identiv's financials, investors can understand why the sudden peak occurred in the stock price.
The company's revenue proved to be on a stagnant path since 2016, hence the lack of price action, then grew more than 50% in 2020 along with earnings, fueling a stock rally as big as 480% to the 2021 peak. Today, revenue and gross profits return to their old ways, staying in a tight range for the past year, as measured by quarterly results.
As management attempts to hang on to recently found momentum, new strategic moves are being laid out and rewarded by the market.
With the latest quarterly results in the company pointing to some disappointing figures, posting a total loss of $0.13 per share when analysts expected only a $0.04 loss per share, it would seem that a big announcement or pivot needs to take place in the underlying firm to dig investors out of the losses.
Luckily for shareholders, Identiv is small enough to effect changes without severely affecting their financials or performance metrics. Management is on top of these trends. New announcements have called for richer valuation multiples into the stock, attracting higher-quality investors.
The Future is Bright
As an initiative to diversify customer bases and product mixes, management has expanded the company into IoT pixel tags, which fit right into Identiv's value proposition to its current customer base. These new tags will allow for a seamless experience in tracking supply chains and security, providing more accurate data and feedback loops for optimization.
A multi-million dollar order, not the first from the company, was made for Wiliot's tags. Making this purchase amid a disappointing quarter can be a testament to the bullish demand outlooks management is expecting.
Markets have taken notice of these developments, especially what they may imply for the future valuation of the stock. Broader investors favor Identiv over peers, as the following valuation metrics express.
Companies like HP (NYSE: HPQ) and Dell Technologies (NYSE: DELL) trade forward price-to-earnings ratios of 9.2x and 8.8x, respectively, compared to Identiv's superior 69.8x multiple.
Traders look at the forward P/E rather than a conventional P/E, as the former considers the following twelve-month earnings expectations to understand where the market is valuing these projections. Some may argue that Identiv is now the most expensive alternative in the space, given its higher ratio.
However, this can imply a willingness by markets to overpay for each dollar of underlying future earnings. This willingness to pay a premium comes from the expected earnings that pixel tags can bring.
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 like HP (NYSE: HPQ) and Dell Technologies (NYSE: DELL) trade forward price-to-earnings ratios of 9.2x and 8.8x, respectively, compared to Identiv's superior 69.8x multiple. When looking at the past seven months of United States ISM manufacturing and non-manufacturing PMI data, trends pointing to the industries set for a breakout become clear. Combining growth readings in these inputs, investors can assume that backlog orders are rising in the space, pushing the need for increased production and capacity for new employees.
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Companies like HP (NYSE: HPQ) and Dell Technologies (NYSE: DELL) trade forward price-to-earnings ratios of 9.2x and 8.8x, respectively, compared to Identiv's superior 69.8x multiple. When looking at the financial performance in Identiv's financials, investors can understand why the sudden peak occurred in the stock price. The Future is Bright As an initiative to diversify customer bases and product mixes, management has expanded the company into IoT pixel tags, which fit right into Identiv's value proposition to its current customer base.
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Companies like HP (NYSE: HPQ) and Dell Technologies (NYSE: DELL) trade forward price-to-earnings ratios of 9.2x and 8.8x, respectively, compared to Identiv's superior 69.8x multiple. When looking at the financial performance in Identiv's financials, investors can understand why the sudden peak occurred in the stock price. With the latest quarterly results in the company pointing to some disappointing figures, posting a total loss of $0.13 per share when analysts expected only a $0.04 loss per share, it would seem that a big announcement or pivot needs to take place in the underlying firm to dig investors out of the losses.
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Companies like HP (NYSE: HPQ) and Dell Technologies (NYSE: DELL) trade forward price-to-earnings ratios of 9.2x and 8.8x, respectively, compared to Identiv's superior 69.8x multiple. When looking at the past seven months of United States ISM manufacturing and non-manufacturing PMI data, trends pointing to the industries set for a breakout become clear. Identiv analyst ratings are pointing in the right direction, as they have now assigned a consensus price target of $11 per share, translating to a 28% potential upside from today's prices.
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bb8db506-5ef5-4117-a4ca-9302002c1ab0
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725444.0
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2023-07-13 00:00:00 UTC
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Boise Cascade and Cross Country Healthcare 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/boise-cascade-and-cross-country-healthcare-have-been-highlighted-as-zacks-bull-and-bear-of
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nan
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nan
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For Immediate Release
Chicago, IL – July 13, 2023 – Zacks Equity Research shares Boise Cascade BCC as the Bull of the Day and Cross Country Healthcare CCRN as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Dell Technologies DELL, HP Inc. HPQ and Apple AAPL.
Here is a synopsis of all five stocks:
Bull of the Day:
Boise Cascade is a Zacks Rank #1 (Buy) and it sports an A for Value and a B for Growth. This stock has been on a big rise since it last reported in early May. That earnings report was a big beat and led to higher earnings estimates. Let's explore more about this company in this Bull of The Day article.
Description
Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The company sells its products to dealers, home improvement centers, and specialty distributors. The company was incorporated in 2004 and is headquartered in Boise, Idaho.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market's expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
For Boise Cascade, I see three beats Zacks Consensus Estimate and one miss over the last calendar year. That is great to see, but by itself that is not enough to make the company a Zacks Rank #1 (Strong Buy).
Last quarter saw EPS of $2.43 when $1.81 was expected. The $0.62 difference works out to be a 34% positive earnings surprise.
Earnings Estimates Revisions
The Zacks Rank tells us which stocks are seeing earnings estimates move higher.
Over the last 60 days, earning estimates have increased for BCC.
This quarter has seen a move from $2.26 to $2.54.
Next quarter has moved from $2.61 to $2.65.
The full year numbers are certainly more important... and they are moving higher as well.
This year has moved from $8.66 to $8.93.
Next year is now up to $8.42, moving up from $7.37.
Valuation
When I first look at valuation, I go right to the forward PE. For BCC I see a 10.5x level which is just about half the 20.6x industry average. The price to book multiple of 1.7x is well below the 7.6x industry average as well. Finally we have a 0.5x price to sales multiple which is significantly lower than the 4x industry average. The valuation comparison to the industry average alone makes BCC worth a deeper look.
Bear of the Day:
Cross Country Healthcare is a Zacks Rank #5 (Strong Sell) and has seen earnings estimates slide lower recently. This stock was added to the Stocks Under $10 service that I manage back in November of 2020 and was removed in July of 2022 for a 221% gain. Imagine my surprise to see it as a Zacks Rank #5 (Strong Sell) after I had been a strong advocate for the name for nearly two years!
This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.
Description
Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing, and Physician Staffing. It serves various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The company was founded in 1986 and is headquartered in Boca Raton, Florida.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market's expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
In the case of CCRN, I see four straight beats of the Zacks Consensus Estimate. This alone does not make the stock a Zacks Rank #1 (Strong Buy) and it doesn't make it a Zacks Rank #5 (Strong Sell) either.
The Zacks Rank does care about the earnings history, but it is much more heavily influenced by the movement of earnings estimates.
Earnings Estimates
The Zacks Rank tells us which stocks are seeing earnings estimates move higher or in this case lower. For CCRN I see annual estimates moving lower of late.
The current fiscal year consensus number moved lower from $2.66 to $2.56 over the last 60 days.
The next year has moved from $2.73 to $2.55 over the last 60 days.
Negative movement in earnings estimates like that is why this stock is a Zacks Rank #5 (Strong Sell).
It should be noted that a lot of stocks in the Zacks universe are seeing negative earnings estimate revisions. That means that the stocks that are seeing small but negative earnings estimate revisions are falling to a Zacks Rank #5 (Strong Sell).
Potential Legislation
Investors who are looking to the longer term should do a little more research in the space. There are whispers that in the future that legislation will require a minimum number of nurses at a given hospital or healthcare facility. The details are still yet to be hammered out, but a new law like that could be a long term tailwind for CCRN.
Additional content:
Q2 PC Shipment Data Showing Signs of Stabilizing
The decline in global personal computer (PC) shipments continues for the seventh consecutive quarter, according to the latest data compiled by Gartner. Per the preliminary data released by the market research firm, PC shipments in the April-June 2023 quarter plunged 16.6% year over year to 59.7 million units.
However, the second-quarter PC shipment data shows a strong improvement from the first quarter when PC vendors had shipped 55.2 million units. The research firm sees the sequential improvement in PC shipments as an initial sign of stabilization in the PC market.
Mikako Kitagawa, Director Analyst at Gartner, stated that "The rate of decline in the PC market has slowed, indicating that shipment volumes may have reached their lowest point." She further added, "There has been progress in reducing PC inventory after more than a year of issues, supported by a gradual increase in business PC demand. Gartner expects that PC inventory will normalize by the end of 2023, and PC demand will return to growth starting in 2024."
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, the back-to-back seven quarters of declining PC shipments depict an end to the industry's demand boom. We believe that 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.
Per the data compiled by Gartner, all top vendors registered a decline in their PC shipments in the second quarter. Dell Technologies registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 million PCs.
HP Inc. and Apple both registered a modest decline in their PC shipments. While HP's PC shipments fell 0.9% to 13.5 million units, Apple's shipments dropped 0.3% to 5.3 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 24%, 22.5% and 17.4%, respectively. Apple, Acer and ASUS ended the April-June quarter with a market share of 8.9%, 6.7% and 6.5%, respectively.
Among the leading vendors, Dell carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Meanwhile, Apple and HP Inc. each have a Zacks Rank #3 (Hold). Lenovo carries a Zacks Rank #4 (Sell).
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
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.
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Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
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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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In addition, Zacks Equity Research provides analysis on Dell Technologies DELL, HP Inc. HPQ and Apple AAPL. Dell Technologies registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 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 24%, 22.5% and 17.4%, respectively.
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In addition, Zacks Equity Research provides analysis on Dell Technologies DELL, HP Inc. HPQ and Apple AAPL. 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 Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report Boise Cascade, L.L.C. Dell Technologies registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 million PCs.
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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 Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report Boise Cascade, L.L.C. In addition, Zacks Equity Research provides analysis on Dell Technologies DELL, HP Inc. HPQ and Apple AAPL. Dell Technologies registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 million PCs.
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In addition, Zacks Equity Research provides analysis on Dell Technologies DELL, HP Inc. HPQ and Apple AAPL. Dell Technologies registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 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 24%, 22.5% and 17.4%, respectively.
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2023-07-12 00:00:00 UTC
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Q2 PC Shipment Data Shows Signs of Stabilization in PC Market
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DELL
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https://www.nasdaq.com/articles/q2-pc-shipment-data-shows-signs-of-stabilization-in-pc-market
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The decline in global personal computer (PC) shipments continues for the seventh consecutive quarter, according to the latest data compiled by Gartner. Per the preliminary data released by the market research firm, PC shipments in the April-June 2023 quarter plunged 16.6% year over year to 59.7 million units.
However, the second-quarter PC shipment data shows a strong improvement from the first quarter when PC vendors had shipped 55.2 million units. The research firm sees the sequential improvement in PC shipments as an initial sign of stabilization in the PC market.
Mikako Kitagawa, Director Analyst at Gartner, stated that “The rate of decline in the PC market has slowed, indicating that shipment volumes may have reached their lowest point.” She further added, “There has been progress in reducing PC inventory after more than a year of issues, supported by a gradual increase in business PC demand. Gartner expects that PC inventory will normalize by the end of 2023, and PC demand will return to growth starting in 2024.”
Industry 5YR % Return
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, the back-to-back seven quarters of declining PC shipments depict an end to the industry’s demand boom. We believe that 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.
Per the data compiled by Gartner, all top vendors registered a decline in their PC shipments in the second quarter. Dell Technologies DELL registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 million PCs.
PC volumes of Lenovo LNVGY fell 20.8% to 14.3 million units, while ASUS registered a decrease of 17.3% to 3.9 million units. HP Inc. HPQ and Apple AAPL both registered a modest decline in their PC shipments. While HP’s PC shipments fell 0.9% to 13.5 million units, Apple’s shipments dropped 0.3% to 5.3 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 24%, 22.5% and 17.4%, respectively. Apple, Acer and ASUS ended the April-June quarter with a market share of 8.9%, 6.7% and 6.5%, respectively.
Among the leading vendors, Dell carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Meanwhile, Apple and HP Inc. each have a Zacks Rank #3 (Hold). Lenovo carries a Zacks Rank #4 (Sell).
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
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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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Per Gartner, Lenovo continues to hold the top spot on the vendor list, followed by HP and Dell with a market share of 24%, 22.5% and 17.4%, respectively. Dell Technologies DELL registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 million PCs. Among the leading vendors, Dell carries a Zacks Rank #2 (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 registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 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 24%, 22.5% and 17.4%, 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 registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 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 24%, 22.5% and 17.4%, respectively.
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Dell Technologies DELL registered the highest fall of 21.8% to 10.4 million units, followed by Acer 21.1% to 4 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 24%, 22.5% and 17.4%, respectively. Among the leading vendors, Dell carries a Zacks Rank #2 (Buy).
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2023-07-11 00:00:00 UTC
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Goldman Sachs Maintains Dell Technologies Inc - Class C (DELL) Buy Recommendation
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DELL
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https://www.nasdaq.com/articles/goldman-sachs-maintains-dell-technologies-inc-class-c-dell-buy-recommendation-0
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Fintel reports that on July 11, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
Analyst Price Forecast Suggests 1.46% Downside
As of July 6, 2023, the average one-year price target for Dell Technologies Inc - Class C is 54.07. The forecasts range from a low of 45.45 to a high of $63.00. The average price target represents a decrease of 1.46% from its latest reported closing price of 54.87.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of July 25, 2023 will receive the payment on August 4, 2023. Previously, the company paid $0.37 per share.
At the current share price of $54.87 / share, the stock's dividend yield is 2.70%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.83%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=213).
The current dividend yield is 0.92 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.42. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1148 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 23 owner(s) or 1.96% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 15.26%. Total shares owned by institutions decreased in the last three months by 5.02% to 209,398K shares.
The put/call ratio of DELL is 0.87, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Additional reading:
Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities
Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities
DELL TECHNOLOGIES INC. 2023 STOCK INCENTIVE PLAN
Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities
List of Guarantor Subsidiaries and Issuers of Guaranteed Securities
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. Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Fintel reports that on July 11, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities List of Guarantor Subsidiaries and Issuers of Guaranteed Securities This story originally appeared on Fintel. Fintel reports that on July 11, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Fintel reports that on July 11, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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There are 1148 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 23 owner(s) or 1.96% in the last quarter. Fintel reports that on July 11, 2023, Goldman Sachs maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 1.46% Downside As of July 6, 2023, the average one-year price target for Dell Technologies Inc - Class C is 54.07.
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725447.0
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2023-07-11 00:00:00 UTC
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Dell Technologies Inc. (DELL) Hit a 52 Week High, Can the Run Continue?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.-dell-hit-a-52-week-high-can-the-run-continue
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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 14.2% over the past month. The stock hit a new 52-week high of $54.88 in the previous session. Dell Technologies has gained 36.4% since the start of the year compared to the 35.8% move for the Zacks Computer and Technology sector and the 15.1% return for the Zacks Computers - IT Services industry.
What's Driving the Outperformance?
The stock has an impressive 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 June 1, 2023, Dell Technologies reported EPS of $1.31 versus consensus estimate of $0.87 while it beat the consensus revenue estimate by 3.86%.
For the current fiscal year, Dell Technologies is expected to post earnings of $5.55 per share on $86.44 billion in revenues. This represents a -27.07% change in EPS on a -15.5% change in revenues. For the next fiscal year, the company is expected to earn $6.15 per share on $90.49 billion in revenues. This represents a year-over-year change of 10.85% and 4.68%, 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 they provide investors with an additional way to sort 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. Investors should consider the style scores a valuable tool that can help you to 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 D and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 9.9X current fiscal year EPS estimates, which is not in-line with the peer industry average of 20.8X. On a trailing cash flow basis, the stock currently trades at 4.8X versus its peer group's average of 10.8X. Additionally, the stock has a PEG ratio of 0.82. 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 look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Dell Technologies currently has a Zacks Rank of #2 (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 passes the test. Thus, it seems as though Dell Technologies shares could have a bit more room to run in the near term.
How Does DELL Stack Up to the Competition?
Shares of DELL have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Amdocs Limited (DOX). DOX has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of C.
Earnings were strong last quarter. Amdocs Limited beat our consensus estimate by 0.68%, and for the current fiscal year, DOX is expected to post earnings of $5.89 per share on revenue of $4.88 billion.
Shares of Amdocs Limited have gained 2.1% over the past month, and currently trade at a forward P/E of 16.54X and a P/CF of 14.29X.
The Computers - IT Services industry is in the top 35% of all the industries we have in our universe, so it looks like there are some nice tailwinds for DELL and DOX, even beyond their own solid fundamental situation.
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
Amdocs Limited (DOX) : 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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Have you been paying attention to shares of Dell Technologies (DELL)? Dell Technologies has gained 36.4% since the start of the year compared to the 35.8% move for the Zacks Computer and Technology sector and the 15.1% return for the Zacks Computers - IT Services industry. In its last earnings report on June 1, 2023, Dell Technologies reported EPS of $1.31 versus consensus estimate of $0.87 while it beat the consensus revenue estimate by 3.86%.
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In its last earnings report on June 1, 2023, Dell Technologies reported EPS of $1.31 versus consensus estimate of $0.87 while it beat the consensus revenue estimate by 3.86%. For the current fiscal year, Dell Technologies is expected to post earnings of $5.55 per share on $86.44 billion in revenues. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Amdocs Limited (DOX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies has gained 36.4% since the start of the year compared to the 35.8% move for the Zacks Computer and Technology sector and the 15.1% return for the Zacks Computers - IT Services industry. 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 passes the test. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Amdocs Limited (DOX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Have you been paying attention to shares of Dell Technologies (DELL)? In its last earnings report on June 1, 2023, Dell Technologies reported EPS of $1.31 versus consensus estimate of $0.87 while it beat the consensus revenue estimate by 3.86%. Dell Technologies has a Value Score of A.
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725448.0
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2023-07-11 00:00:00 UTC
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Global PC shipments decline eases in Q2, Apple outperforms on MacBook Air demand - Canalys
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DELL
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https://www.nasdaq.com/articles/global-pc-shipments-decline-eases-in-q2-apple-outperforms-on-macbook-air-demand-canalys
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July 11 (Reuters) - The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed.
The report adds to early signs of a recovery in the industry, which has been banking on a new round of equipment upgrades by consumers and businesses to shake off its post-pandemic slump.
Canalys said the worldwide PC market declined by 12% in the second quarter of 2023, a much smaller fall than the over-30% drops seen in the previous two quarters, as it benefited from strong back-to-school demand.
"There are indications that many of the issues that have affected the sector are beginning to abate," said Ishan Dutt, principal analyst at Canalys.
Apple AAPL.O grew the most among the major PC makers, with shipments hitting 6.8 million units and its market share expanding to 11% from 6.4% a year earlier, as supply-chain hurdles eased and it benefited from demand for the new MacBook Air.
Market leader Lenovo 0992.HK posted a shipment decline of 18.1%, smaller than the 30.3% fall posted in the previous quarter. HP Inc HPQ.N and Dell DELL.N also saw smaller falls, compared with the prior quarter.
"Inventory levels reduced further in Q2," said Kieren Jessop, research analyst at Canalys. "All customer segments are set to improve sequentially for the remainder of 2023, amid a final push of inventory corrections and stronger seasonality in the latter half of the year."
Still, Canalys said it expects 2023 shipments to be lower than 2022 as consumers prioritize spending on essentials in the face of high inflation and rising interest rates.
Apple's PC market share nearly doubles in Q2 https://tmsnrt.rs/3D9kNdw
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Pooja Desai)
((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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HP Inc HPQ.N and Dell DELL.N also saw smaller falls, compared with the prior quarter. July 11 (Reuters) - The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed. Apple AAPL.O grew the most among the major PC makers, with shipments hitting 6.8 million units and its market share expanding to 11% from 6.4% a year earlier, as supply-chain hurdles eased and it benefited from demand for the new MacBook Air.
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HP Inc HPQ.N and Dell DELL.N also saw smaller falls, compared with the prior quarter. Canalys said the worldwide PC market declined by 12% in the second quarter of 2023, a much smaller fall than the over-30% drops seen in the previous two quarters, as it benefited from strong back-to-school demand. Market leader Lenovo 0992.HK posted a shipment decline of 18.1%, smaller than the 30.3% fall posted in the previous quarter.
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HP Inc HPQ.N and Dell DELL.N also saw smaller falls, compared with the prior quarter. July 11 (Reuters) - The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed. Canalys said the worldwide PC market declined by 12% in the second quarter of 2023, a much smaller fall than the over-30% drops seen in the previous two quarters, as it benefited from strong back-to-school demand.
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HP Inc HPQ.N and Dell DELL.N also saw smaller falls, compared with the prior quarter. The report adds to early signs of a recovery in the industry, which has been banking on a new round of equipment upgrades by consumers and businesses to shake off its post-pandemic slump. Canalys said the worldwide PC market declined by 12% in the second quarter of 2023, a much smaller fall than the over-30% drops seen in the previous two quarters, as it benefited from strong back-to-school demand.
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2023-07-09 00:00:00 UTC
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Why Dish Network Shares Were Cut in Half During the First 6 Months of 2023
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DELL
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https://www.nasdaq.com/articles/why-dish-network-shares-were-cut-in-half-during-the-first-6-months-of-2023
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What happened
It's been a good year so far for the overall market, but not so much for Dish Network (NASDAQ: DISH) shareholders. The satellite TV provider's stock fell 53.1% in the first half of 2023, according to S&P Global Market Intelligence, extending a downtrend that's been in place since late 2021. The culprit is continued cord-cutting, which seems to be reaccelerating.
So what
Dish Network shares have been sinking since 2015's peak, reaching yet another 52-week low just last month.
For the better part of the pandemic, it looked like shares were making a major bottom, with the cable TV industry finally getting a handle on cancellations stemming from the advent of streaming alternatives.
Now we know that's not the case. Dish Network lost another 552,000 paying customers during its first quarter of the year, accelerating the loss of 462,000 subscribers in the same quarter a year earlier.
Perhaps worse, the company's cable-like streaming platform Sling TV is even starting to lose net subscribers. It shed 210,000 of its customers during the first quarter of the year, leaving it with only 2.1 million. That's the fewest paying customers in several years, unwinding the modest subscriber gains seen during the pandemic.
Data source: Dish Network. Chart by author. Figures are in thousands.
Investors are concluding the company is unable to do anything to stop the ongoing attrition.
Now what
Dish owns the mobile phone-service provider Boost Mobile. Although Boost relies on connectively infrastructure from wireless rivals, the company is also building out its own 5G network that's accessible by more than one-fifth of U.S. residents.
The company is leveraging this network in ways beyond consumer-facing ones, too. For instance, it's working with computer maker Dell to build 5G connectivity aimed at industrial and institutional customers.
But none of these other efforts will be able to meaningfully offset the demise of Dish's biggest business anytime soon.
The stock might seem to be hinting that this year's sell-off is finally coming to a close, but don't take the bait. There are far too many other investment options out there instead, until Dish Network has a clear, plausible plan to turn its shrinking business around.
10 stocks we like better than Dish Network
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They just revealed what they believe are the ten best stocks for investors to buy right now… and Dish Network wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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For instance, it's working with computer maker Dell to build 5G connectivity aimed at industrial and institutional customers. The satellite TV provider's stock fell 53.1% in the first half of 2023, according to S&P Global Market Intelligence, extending a downtrend that's been in place since late 2021. For the better part of the pandemic, it looked like shares were making a major bottom, with the cable TV industry finally getting a handle on cancellations stemming from the advent of streaming alternatives.
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For instance, it's working with computer maker Dell to build 5G connectivity aimed at industrial and institutional customers. What happened It's been a good year so far for the overall market, but not so much for Dish Network (NASDAQ: DISH) shareholders. Now what Dish owns the mobile phone-service provider Boost Mobile.
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For instance, it's working with computer maker Dell to build 5G connectivity aimed at industrial and institutional customers. What happened It's been a good year so far for the overall market, but not so much for Dish Network (NASDAQ: DISH) shareholders. Dish Network lost another 552,000 paying customers during its first quarter of the year, accelerating the loss of 462,000 subscribers in the same quarter a year earlier.
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For instance, it's working with computer maker Dell to build 5G connectivity aimed at industrial and institutional customers. Dish Network lost another 552,000 paying customers during its first quarter of the year, accelerating the loss of 462,000 subscribers in the same quarter a year earlier. * They just revealed what they believe are the ten best stocks for investors to buy right now… and Dish Network wasn't one of them!
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0e2c2f1f-40a3-477d-9ea0-1d29cc81d8e7
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725450.0
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2023-07-06 00:00:00 UTC
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DELL August 25th Options Begin Trading
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DELL
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https://www.nasdaq.com/articles/dell-august-25th-options-begin-trading
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the August 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 25th contracts and identified one put and one call contract of particular interest.
The put contract at the $53.00 strike price has a current bid of $1.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $53.00, but will also collect the premium, putting the cost basis of the shares at $51.30 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $53.47/share today.
Because the $53.00 strike represents an approximate 1% 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 99%. 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 3.21% return on the cash commitment, or 23.42% 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 $53.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $54.00 strike price has a current bid of $1.65. If an investor was to purchase shares of DELL stock at the current price level of $53.47/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $54.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.08% if the stock gets called away at the August 25th 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 $54.00 strike highlighted in red:
Considering the fact that the $54.00 strike represents an approximate 1% 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 3.09% boost of extra return to the investor, or 22.53% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $53.47) to be 36%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Preferreds of SAFE Dividend Stocks
AHT Options Chain
Funds Holding DJCB
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 $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 1% 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 today, for the August 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 25th 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 $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 1% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the August 25th expiration.
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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 $53.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $54.00 strike price has a current bid of $1.65. Below is a chart showing DELL's trailing twelve month trading history, with the $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 1% 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 today, for the August 25th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 25th 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 $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 1% 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 today, for the August 25th expiration.
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725451.0
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2023-07-06 00:00:00 UTC
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Dell Technologies Inc - Class C (DELL) Price Target Increased by 8.90% to 54.07
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc-class-c-dell-price-target-increased-by-8.90-to-54.07
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The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 54.07 / share. This is an increase of 8.90% from the prior estimate of 49.65 dated June 1, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 45.45 to a high of 63.00 / share. The average price target represents a decrease of 0.26% from the latest reported closing price of 54.21 / share.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of July 25, 2023 will receive the payment on August 4, 2023. Previously, the company paid $0.37 per share.
At the current share price of $54.21 / share, the stock's dividend yield is 2.73%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.84%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=212).
The current dividend yield is 0.90 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.42. 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 0.06%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1147 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 27 owner(s) or 2.30% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 3.16%. Total shares owned by institutions decreased in the last three months by 4.63% to 210,255K shares.
The put/call ratio of DELL is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Additional reading:
Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities
Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities
DELL TECHNOLOGIES INC. 2023 STOCK INCENTIVE PLAN
Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities
List of Guarantor Subsidiaries and Issuers of Guaranteed Securities
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. Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 54.07 / share.
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Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities List of Guarantor Subsidiaries and Issuers of Guaranteed Securities This story originally appeared on Fintel. The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 54.07 / share.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Additional reading: Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 54.07 / share.
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The average one-year price target for Dell Technologies Inc - Class C (NYSE:DELL) has been revised to 54.07 / share. Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). There are 1147 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 27 owner(s) or 2.30% in the last quarter.
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c754ee8a-78b3-473d-84a5-89b63bd65414
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725452.0
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2023-07-05 00:00:00 UTC
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Apple (AAPL) Loses Appeal With Optis Over 4G Patent Dispute
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DELL
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https://www.nasdaq.com/articles/apple-aapl-loses-appeal-with-optis-over-4g-patent-dispute
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Apple AAPL recently lost its legal battle with Optis Cellular Technology. A U.K. court upheld the ruling that AAPL infringed two patents owned by Optis. The patents are claimed to be essential for 4G mobile technology used in iPhones.
The case is part of a long-standing legal battle that started in 2019, when Optis sued Apple for infringing eight of its patents which are essential to certain technological standards, such as 4G.
Apple had claimed that the two patents were not essential to 4G standards and it didn't use the patented technology in the UK, but the court rejected that argument.
The Court of Appeal's decision follows a previous ruling in October 2022, where Optis successfully appealed against the revocation of two other 4G-related patents. This ruling granted Optis the power to prevent Apple from further infringing upon their patents until a court has decided on the fair, reasonable and non-discriminatory terms of use.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
The legal clash has posed significant challenges for Apple. The infringement of patents has raised concerns regarding Apple's adherence to intellectual property rights and compliance with fair licensing practices.
Apple Suffering from a Weak PC Market
Apple has been suffering from a weak PC market leading to a decline in worldwide shipments.
Per an article by Gartner, the worldwide PC shipments in the first quarter of 2023 declined by 30% year over year, due to oversupply and low demand of PC, stiff competition and the lack of innovation and differentiation.
In first-quarter 2023, Apple’s market share declined by 34.2% year over year to 8.7%. Other players like Lenovo LNVGY, HP HPQ and Dell Technologies DELL held a larger market share than Apple with 23.3%, 21.8% and 17.3%, respectively.
In second-quarter fiscal 2023, it recorded a decline of 4.6% year over year to $79.93 billion in its product sales. Non-iPhone revenues (iPad, Mac and Wearables) plunged 31.1% year-over-year on a combined basis.
However, shares of Apple have surged 48.1% year to date compared with the Zacks Computer – Mini Computers Industry’s 47.7% increase in the same time frame. The uptick was primarily due to strong product pipeline, increasing customer engagement and constant innovation.
It also outperformed Lenovo, HP and Dell whose shares increased 31.9%, 14.4% and 35.8%, year-to-date, respectively.
In June 2023, Apple joined the mixed reality space with the launch of Apple Vision Pro. It also announced the 15-inch MacBook Air, a new Mac Studio and Mac Pro. Moreover, Apple introduced iOS 17, watchOS 10, iPadOS 17 and macOS Sonoma.
What Awaits Apple’s Shares in the Rest of 2023?
Apple has been benefiting from significant product launches, which is expected to bolster its product revenues, contributing 78% of second-quarter fiscal 2023 revenues.
The growing adoption of services like Apple TV+, Apple Arcade, Apple News+, Apple Card and Apple Fitness+ drives Services revenue growth. The newly-announced App Store for Vision Pro is expected to further drive growth.
This Zacks Rank #3 (Hold) company expects its third-quarter fiscal 2023’s year-over-year revenue growth to be similar to that of the fiscal second-quarter levels due to an unfavourable forex of 4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Apple's third-quarter fiscal 2023 revenues has been pegged at $81.11 billion, indicating a year-over-year decline of 2.23%. Earnings estimates have remained unchanged at $1.18 in the past 30 days.
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.
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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
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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Other players like Lenovo LNVGY, HP HPQ and Dell Technologies DELL held a larger market share than Apple with 23.3%, 21.8% and 17.3%, respectively. It also outperformed Lenovo, HP and Dell whose shares increased 31.9%, 14.4% and 35.8%, year-to-date, 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.
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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. Other players like Lenovo LNVGY, HP HPQ and Dell Technologies DELL held a larger market share than Apple with 23.3%, 21.8% and 17.3%, respectively. It also outperformed Lenovo, HP and Dell whose shares increased 31.9%, 14.4% and 35.8%, year-to-date, 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. Other players like Lenovo LNVGY, HP HPQ and Dell Technologies DELL held a larger market share than Apple with 23.3%, 21.8% and 17.3%, respectively. It also outperformed Lenovo, HP and Dell whose shares increased 31.9%, 14.4% and 35.8%, year-to-date, respectively.
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Other players like Lenovo LNVGY, HP HPQ and Dell Technologies DELL held a larger market share than Apple with 23.3%, 21.8% and 17.3%, respectively. It also outperformed Lenovo, HP and Dell whose shares increased 31.9%, 14.4% and 35.8%, year-to-date, 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.
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ddd06475-19fb-4486-8d01-0c67ec095692
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725453.0
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2023-06-30 00:00:00 UTC
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Citigroup Initiates Coverage of Dell Technologies Inc - Class C (DELL) with Buy Recommendation
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https://www.nasdaq.com/articles/citigroup-initiates-coverage-of-dell-technologies-inc-class-c-dell-with-buy-recommendation
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Fintel reports that on June 30, 2023, Citigroup initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
Analyst Price Forecast Suggests 4.10% Downside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents a decrease of 4.10% from its latest reported closing price of 51.77.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of July 25, 2023 will receive the payment on August 4, 2023. Previously, the company paid $0.37 per share.
At the current share price of $51.77 / share, the stock's dividend yield is 2.86%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.85%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=211).
The current dividend yield is 0.80 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.42. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1153 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 26 owner(s) or 2.21% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 3.06%. Total shares owned by institutions decreased in the last three months by 2.71% to 214,816K shares.
The put/call ratio of DELL is 0.87, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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 June 30, 2023, Citigroup initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 4.10% Downside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 30, 2023, Citigroup initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 4.10% Downside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On June 16, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 30, 2023, Citigroup initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 4.10% Downside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1153 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 26 owner(s) or 2.21% in the last quarter. Fintel reports that on June 30, 2023, Citigroup initiated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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58e31f1a-ecc1-4fd5-9861-f06fad8fb353
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725454.0
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2023-06-29 00:00:00 UTC
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DELL August 11th Options Begin Trading
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DELL
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https://www.nasdaq.com/articles/dell-august-11th-options-begin-trading
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the August 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 11th contracts and identified one put and one call contract of particular interest.
The put contract at the $52.00 strike price has a current bid of $1.45. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $52.00, but will also collect the premium, putting the cost basis of the shares at $50.55 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $52.64/share today.
Because the $52.00 strike represents an approximate 1% 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 99%. 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 2.79% return on the cash commitment, or 23.67% 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 $52.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $54.00 strike price has a current bid of $1.05. If an investor was to purchase shares of DELL stock at the current price level of $52.64/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $54.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.58% if the stock gets called away at the August 11th 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 $54.00 strike highlighted in red:
Considering the fact that the $54.00 strike represents an approximate 3% 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 1.99% boost of extra return to the investor, or 16.93% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $52.64) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
TTTM Split History
Institutional Holders of Cintas
Top Ten Hedge Funds Holding GIS
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 $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 3% 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 today, for the August 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 11th 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 $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 3% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the August 11th expiration.
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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 $52.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $54.00 strike price has a current bid of $1.05. Below is a chart showing DELL's trailing twelve month trading history, with the $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 3% 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 today, for the August 11th expiration.
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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 $52.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $54.00 strike price has a current bid of $1.05. Below is a chart showing DELL's trailing twelve month trading history, with the $54.00 strike highlighted in red: Considering the fact that the $54.00 strike represents an approximate 3% 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 today, for the August 11th expiration.
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7e501219-8415-41ed-b7bf-dcdadfd90f6b
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725455.0
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2023-06-29 00:00:00 UTC
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Dell Technologies Reaches Analyst Target Price
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DELL
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https://www.nasdaq.com/articles/dell-technologies-reaches-analyst-target-price
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nan
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nan
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $51.42, changing hands for $51.77/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $45.00. And then on the other side of the spectrum one analyst has a target as high as $60.00. The standard deviation is $5.264.
But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $51.42/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $51.42 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
RECENT DELL ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 7 8 8 8
Buy ratings: 2 2 1 1
Hold ratings: 3 2 3 4
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.63 1.46 1.58 1.69
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DELL — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
Utilities Stocks Hedge Funds Are Buying
Top Ten Hedge Funds Holding TRIV
JMSB Dividend 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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But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $51.42/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $51.42 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $51.42, changing hands for $51.77/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $51.42, changing hands for $51.77/share. There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $51.42/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $51.42 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $51.42, changing hands for $51.77/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $51.42, changing hands for $51.77/share. There are 12 different analyst targets within the Zacks coverage universe contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $51.42/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $51.42 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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2b924b03-e5ec-46e0-a5f9-cf1d4b926b48
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725456.0
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2023-06-28 00:00:00 UTC
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Dell Technologies Inc - Class C Shares Climb 2.3% Past Previous 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-climb-2.3-past-previous-52-week-high-market-mover
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nan
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nan
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Dell Technologies Inc - Class C (DELL) shares closed 2.3% higher than its previous 52 week high, giving the company a market cap of $13B. The stock is currently up 30.9% year-to-date, up 9.5% over the past 12 months, and up 15.3% over the past five years. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.3%.
Trading Activity
Trading volume this week was 51.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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 , lags 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 , lags it on a 1-year basis, and lags 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 , lags 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 lags the peer average by -31.9%
The company's stock price performance over the past 12 months lags the peer average by -76.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% 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 2.3% higher than its previous 52 week high, giving the company a market cap of $13B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.3%. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
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Dell Technologies Inc - Class C (DELL) shares closed 2.3% higher than its previous 52 week high, giving the company a market cap of $13B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.3%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags 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 , lags it on a 1-year basis, and lags 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 , lags 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 lags the peer average by -31.9% The company's stock price performance over the past 12 months lags the peer average by -76.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% lower than the average peer.
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Dell Technologies Inc - Class C (DELL) shares closed 2.3% higher than its previous 52 week high, giving the company a market cap of $13B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags 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 , lags it on a 1-year basis, and lags 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 , lags 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 lags the peer average by -31.9% The company's stock price performance over the past 12 months lags the peer average by -76.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% 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 2.3% higher than its previous 52 week high, giving the company a market cap of $13B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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d0f6a1be-6a1e-4f17-b5dd-d52dc49fd5e5
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725457.0
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2023-06-27 00:00:00 UTC
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Dell Maintains Its Dividend Payout, Sign Of Better Things To Come
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DELL
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https://www.nasdaq.com/articles/dell-maintains-its-dividend-payout-sign-of-better-things-to-come
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nan
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nan
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Dell Technologies (NYSE: DELL) have risen nearly 60% since the stock found a sensible bottom during the fourth quarter of 2022. The momentum in the stock's advance during this time could be seen as a 'forward looking' behavior in part of the broader markets, as the bottlenecks and demand issues in the overall personal computer industry began to clear up.
Today, Dell's financial situation has significantly improved since the stock's rise, enabling management to send investors into a new tier of benefits, especially those brave enough to buy during the peak turmoil. By comparing two key metrics relative to a major competitor, Dell investors will begin to note how much potential this stock may carry.
A close competitor, who has received the Warren Buffett quality stamp, can be the perfect pillar to compare Dell against. HP (NYSE: HPQ) stock has underperformed Dell by 17.6% during the past twelve months. Despite a significant performance gap, the broader markets still suggest another performance gap may be in the cards for Dell.
Enabling another rally may need support from one catalyst; considering that the industry is improving in pricing and supply dynamics, these opinions may become a reality sooner.
Management Hints
Dell management released the news of the dividend payout to be effected during the year. With an annual increment of 12% to $1.48 per common share, investors beat the inflation seen in the United States economy during the year and are set to receive a competitive dividend yield considering today's stock price.
Sporting a near 3% annualized dividend yield, investors have the opportunity to beat the long-term FED inflation targets of 2.0% to 2.5%. A source of dividend income is only the beginning of a stream of good news, as paying these obligations to shareholders requires a level of financial stability that may deliver additional benefits.
Dell analyst ratings point to a consensus net downside scenario, with a $49.81 price target equaling a 2.75% downside from today's prices. However, some analysts suggest a top-side price target of $60.0 per share, allowing for a further 17.8% rally in the stock during the next twelve months.
According to the latest quarterly earnings results, Dell's management repurchased 30 million shares, adding up to $240 million in total calls allocated to this program. By sustaining an attractive dividend payout and buying back shares at this pace, investors can begin to piece the puzzle together and translate what insiders are trying to say about the stock's valuation.
By looking at the FED's tables for each industry's capacity utilization readings, investors can understand the balance between supply and demand. For the computer and electronics industry, a capacity utilization reading of 67.3% represents the lowest reading in more than a year.
The easing of this reading is a net win for Dell, as the company's products have fallen on the right side of the equation. A falling utilization ratio stems from increasing supply and/or decreasing demand in the respective industry, considering that Dell's inventory levels fell during 2022 by as much as 16%; the result will be an increase in pricing power once demand returns to its normalized cyclical levels.
Mapping Routes
Dell's capacity utilization, a reading above 85% computed as total assets divided by net revenue, rose well above the industry standard. Investors can imply that this outlier reading originated from the increasing demand for Dell products rather than the overall competition in the industry.
Broader markets may be aware of these underlying trends and the subsequent tailwinds, as they have voted in favor of Dell via its current valuation multiples. They are considering that Dell stock is trading for a 19.3x price-to-earnings multiple relative to HP's lower 11.2x valuation; the final bridge can be built for investors to understand better the 'direction' the stock may take next.
HP would be a more sensible investment, given that it is the cheaper alternative based on these valuation multiples. However, the reality of these multiples can be implied as a broader market 'willingness' to overpay for each dollar of current - and future - earnings in the underlying, which in this case, markets seem to prefer to overpay for Dell's earnings.
With the subsequent quarterly earnings for the company coming up in August of 2023, management comments and other financial results could be the final brick in the price-to-value bridge.
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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Today, Dell's financial situation has significantly improved since the stock's rise, enabling management to send investors into a new tier of benefits, especially those brave enough to buy during the peak turmoil. Dell Technologies (NYSE: DELL) have risen nearly 60% since the stock found a sensible bottom during the fourth quarter of 2022. By comparing two key metrics relative to a major competitor, Dell investors will begin to note how much potential this stock may carry.
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Despite a significant performance gap, the broader markets still suggest another performance gap may be in the cards for Dell. According to the latest quarterly earnings results, Dell's management repurchased 30 million shares, adding up to $240 million in total calls allocated to this program. Dell Technologies (NYSE: DELL) have risen nearly 60% since the stock found a sensible bottom during the fourth quarter of 2022.
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Today, Dell's financial situation has significantly improved since the stock's rise, enabling management to send investors into a new tier of benefits, especially those brave enough to buy during the peak turmoil. A falling utilization ratio stems from increasing supply and/or decreasing demand in the respective industry, considering that Dell's inventory levels fell during 2022 by as much as 16%; the result will be an increase in pricing power once demand returns to its normalized cyclical levels. They are considering that Dell stock is trading for a 19.3x price-to-earnings multiple relative to HP's lower 11.2x valuation; the final bridge can be built for investors to understand better the 'direction' the stock may take next.
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They are considering that Dell stock is trading for a 19.3x price-to-earnings multiple relative to HP's lower 11.2x valuation; the final bridge can be built for investors to understand better the 'direction' the stock may take next. Dell Technologies (NYSE: DELL) have risen nearly 60% since the stock found a sensible bottom during the fourth quarter of 2022. Today, Dell's financial situation has significantly improved since the stock's rise, enabling management to send investors into a new tier of benefits, especially those brave enough to buy during the peak turmoil.
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f6a20691-cdce-43a2-962f-e9c29ea04eef
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725458.0
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2023-06-26 00:00:00 UTC
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U.S. Supreme Court spurns Apple-Broadcom challenge to Caltech patents
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DELL
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https://www.nasdaq.com/articles/u.s.-supreme-court-spurns-apple-broadcom-challenge-to-caltech-patents
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nan
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nan
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WASHINGTON, June 26 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc AAPL.O and Broadcom Inc AVGO.O to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university's earlier $1.1 billion jury verdict against the companies was thrown out.
The justices turned away an appeal by Apple and Broadcom of a lower court's ruling affirming a trial judge's decision to prevent the companies from contesting the validity of the patents as they defended against the California Institute of Technology's lawsuit.
The U.S. Court of Appeals for the Federal Circuit, which specializes in patent cases, ruled against the companies' arguments because they failed to bring them up during earlier proceedings at the U.S. Patent and Trademark Office.
Apple and Broadcom have argued that they should have been allowed to raise the patent challenges during the trial.
A jury found that the companies infringed Caltech's patents, ordering Apple to pay $837.8 million and Broadcom to pay $270.2 million. The Federal Circuit took issue with the amount of the award, and sent the case back for a new trial on damages.
Caltech, located in Pasadena, California, sued Cupertino-based Apple and San Jose-based Broadcom in 2016 in federal court in Los Angeles, alleging that millions of iPhones, iPads, Apple Watches and other devices using Broadcom Wi-Fi chips infringed its data-transmission patents.
Apple is a major purchaser of Broadcom chips, and in January 2020 reached a $15 billion supply agreement that ends in 2023. Broadcom has estimated that 20% of its revenue comes from Apple.
The Federal Circuit also upheld the trial judge's decision to block the companies from arguing that the patents were invalid because they could have made the arguments in their petitions for USPTO review of the patents.
Apple and Broadcom told the Supreme Court that the Federal Circuit misread the law, which they said only blocks arguments that could have been raised during the review itself.
President Joe Biden's administration urged the justices in May to reject the case and argued that the Federal Circuit had interpreted the law correctly.
Caltech has also sued Microsoft Corp MSFT.O, Samsung Electronics Co 005930.KS, Dell Technologies Inc DELL.N and HP Inc HPQ.N, accusing them of infringing the same patents in separate cases that are still pending.
(Reporting by Blake Brittain in Washington. Additional reporting by Andrew Chung in New York.)
((andrew.chung@thomsonreuters.com; 332.219.1428 ; 646.407.9441 mobile;))
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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Caltech has also sued Microsoft Corp MSFT.O, Samsung Electronics Co 005930.KS, Dell Technologies Inc DELL.N and HP Inc HPQ.N, accusing them of infringing the same patents in separate cases that are still pending. The justices turned away an appeal by Apple and Broadcom of a lower court's ruling affirming a trial judge's decision to prevent the companies from contesting the validity of the patents as they defended against the California Institute of Technology's lawsuit. President Joe Biden's administration urged the justices in May to reject the case and argued that the Federal Circuit had interpreted the law correctly.
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Caltech has also sued Microsoft Corp MSFT.O, Samsung Electronics Co 005930.KS, Dell Technologies Inc DELL.N and HP Inc HPQ.N, accusing them of infringing the same patents in separate cases that are still pending. WASHINGTON, June 26 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc AAPL.O and Broadcom Inc AVGO.O to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university's earlier $1.1 billion jury verdict against the companies was thrown out. The U.S. Court of Appeals for the Federal Circuit, which specializes in patent cases, ruled against the companies' arguments because they failed to bring them up during earlier proceedings at the U.S. Patent and Trademark Office.
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Caltech has also sued Microsoft Corp MSFT.O, Samsung Electronics Co 005930.KS, Dell Technologies Inc DELL.N and HP Inc HPQ.N, accusing them of infringing the same patents in separate cases that are still pending. WASHINGTON, June 26 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc AAPL.O and Broadcom Inc AVGO.O to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university's earlier $1.1 billion jury verdict against the companies was thrown out. The U.S. Court of Appeals for the Federal Circuit, which specializes in patent cases, ruled against the companies' arguments because they failed to bring them up during earlier proceedings at the U.S. Patent and Trademark Office.
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Caltech has also sued Microsoft Corp MSFT.O, Samsung Electronics Co 005930.KS, Dell Technologies Inc DELL.N and HP Inc HPQ.N, accusing them of infringing the same patents in separate cases that are still pending. WASHINGTON, June 26 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc AAPL.O and Broadcom Inc AVGO.O to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university's earlier $1.1 billion jury verdict against the companies was thrown out. The Federal Circuit also upheld the trial judge's decision to block the companies from arguing that the patents were invalid because they could have made the arguments in their petitions for USPTO review of the patents.
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10c58d68-529d-431b-b4a4-4f8e25a90175
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725459.0
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2023-06-22 00:00:00 UTC
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DELL August 4th Options Begin Trading
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DELL
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https://www.nasdaq.com/articles/dell-august-4th-options-begin-trading
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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 today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 4th contracts and identified one put and one call contract of particular interest.
The put contract at the $50.00 strike price has a current bid of $1.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $50.00, but will also collect the premium, putting the cost basis of the shares at $48.50 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $50.59/share today.
Because the $50.00 strike represents an approximate 1% 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 99%. 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 3.00% return on the cash commitment, or 25.47% 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 $50.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $1.50. If an investor was to purchase shares of DELL stock at the current price level of $50.59/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $51.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.78% if the stock gets called away at the August 4th 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 $51.00 strike highlighted in red:
Considering the fact that the $51.00 strike represents an approximate 1% 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 2.97% boost of extra return to the investor, or 25.17% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $50.59) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
AMCN Split History
SRE Stock Predictions
HYH market cap 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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Below is a chart showing DELL's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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 today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 4th 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 $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the August 4th expiration.
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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 $50.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $1.50. Below is a chart showing DELL's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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 today, for the August 4th expiration.
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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 $50.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $1.50. Below is a chart showing DELL's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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 today, for the August 4th expiration.
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13a25441-5fe8-4d60-a99d-a6732bc43209
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725460.0
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2023-06-22 00:00:00 UTC
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DELL August 4th Options Begin Trading
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DELL
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https://www.nasdaq.com/articles/dell-august-4th-options-begin-trading-0
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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 today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 4th contracts and identified one put and one call contract of particular interest.
The put contract at the $50.00 strike price has a current bid of $1.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $50.00, but will also collect the premium, putting the cost basis of the shares at $48.50 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $50.59/share today.
Because the $50.00 strike represents an approximate 1% 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 99%. 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 3.00% return on the cash commitment, or 25.47% 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 $50.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $1.50. If an investor was to purchase shares of DELL stock at the current price level of $50.59/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $51.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.78% if the stock gets called away at the August 4th 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 $51.00 strike highlighted in red:
Considering the fact that the $51.00 strike represents an approximate 1% 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 2.97% boost of extra return to the investor, or 25.17% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $50.59) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
AMCN Split History
SRE Stock Predictions
HYH market cap 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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Below is a chart showing DELL's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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 today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new August 4th 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 $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the August 4th expiration.
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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 $50.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $1.50. Below is a chart showing DELL's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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 today, for the August 4th expiration.
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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 $50.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $1.50. Below is a chart showing DELL's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% 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 today, for the August 4th expiration.
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a3a1cfdc-8c1b-4305-873f-7a68f1443ee6
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725461.0
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2023-06-20 00:00:00 UTC
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Dell Technologies (DELL) Passes Through 3% Yield Mark
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-passes-through-3-yield-mark
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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, in trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $48.74 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
Yield Charts
CRON YTD Return
Eaton YTD Return
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, in trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $48.74 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $48.74 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $48.74 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.48), with the stock changing hands as low as $48.74 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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5048bd12-90d1-48bc-9aa4-1bc08ed99889
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725462.0
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2023-06-19 00:00:00 UTC
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What Does Logitech CEO’s Abrupt Departure Mean?
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DELL
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https://www.nasdaq.com/articles/what-does-logitech-ceos-abrupt-departure-mean
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nan
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nan
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Computer peripherals and accessories manufacturer Logitech International SA (NASDAQ: LOGI) stock took a (10%) haircut on the sudden resignation of its CEO of 10 years. On June 13, 2023, Logitech CEO Bracken Darrel abruptly resigned after ten years. Board member Guy Gecht, member of the audit committee and chair of the Technology and Innovation committee, will be the interim CEO until a permanent CEO is found.
Darrel will stick around for a month to ensure a smooth transition to the new CEO. Darrel is leaving Logitech to pursue other opportunities. Investors are nervous about the sudden departure as a sign of impending bad news. At the very least, having your CEO of 10 years suddenly quit in the middle of a turnaround attempt doesn’t inspire confidence. The CFO and COO were also replaced in 2023. Competitors in the computer and gaming accessories segment include Microsoft Co. (NASDAQ: MSFT), Corsair Gaming Inc. (NASDAQ: CRSR), Dell Technologies Inc. (NASDAQ: DELL) and HP Inc. (NYSE: HPQ).
What To Deduce?
Based on the abrupt nature of the resignation after a 10-year-long tenure as CEO, investors are left to assume that either Darrel found an opportunity he couldn't refuse or he was fired or asked to resign by the Board. The fact that the company didn't have a new CEO lined up before the resignation indicates this may not have been planned.
Not a Termination?
For example, when The Walt Disney Co. (NYSE: DIS) abruptly terminated CEO Bob Chapek on Nov. 21, 2022, they already had a replacement, contracting former CEO Bob Iger to take over immediately. Using this example, the sudden departure during a turnaround was likely not due to termination, as the company had no permanent CEO replacement.
During his tenure, Darrel was credited for doubling Logitech's revenues and leading its sustainability initiative intending to be carbon neutral by 2025. If so, the question is, why did Darrel surprise everyone with his out-of-the-blue resignation? What are these new opportunities he wants to pursue? Logitech had just appointed a new CFO. Why does the executive team have a fallout?
Sinking Financials
Logitech has seen its stock price crater along with its financials. Logitech shares have been on a downward trajectory for two years after peaking from a 300% spike in its stock price during the pandemic, where stay-at-home mandates bolstered demand for computer accessories.
The company has seen (22%) revenue plunges for the past two quarters as part of six consecutive quarters of double-digit YoY revenue declines. The pullback in video gaming has impacted its devices, but it's yet to have a refresh cycle, implying the company is still in negative normalization.
Citi Downgrade
On June 14, 2023, Citi downgraded the shares of Logitech to Neutral from a Buy rating. Logitech stock's price target was lowered to $70 from the previous target of $73. Citi says the lack of guidance reaffirmation and the changing of the guards (IE: CFO and CEO) may cause concern and uncertainty.
Its CFO resigned on Jan. 30, 2023, but the company already had a replacement CFO. At the least, it's a sign of the inability of the Board to follow through on its turnaround strategy. Citi is moving to the sidelines until the company can provide color on how it will achieve long-term growth targets.
Logitech International analyst ratings and stock price targets are at MarketBeat.
The definitive beginner’s guide to reading stock charts can be found free on Marketbeat.
Weekly Bear Flag
The weekly candlestick chart on LOGI shows a bear flag pattern that may be forming a breakdown. The bear flag commenced after LOGI bottomed at $41.81 in October 2022; the flagpole formed on the move down from the $140.17 high in January 2021. LOGI bounced on the weekly market structure low (MSL) breakout through the $46.63 trigger to peak at the rising upper trendline at $63.33.
LOGI made higher lows on pullbacks and higher highs on rallies peaking at $68.12 in January 2023. LOGI triggered a second MSL on the $54.61 breakout, which peaked at $66.30 ahead of the abrupt resignation of its CEO. Shares collapsed to the weekly 50-period moving average (MA) support at $56.02. The weekly RSI is falling through the 50-band. Pullback supports are at $54.61 weekly MSL trigger, $52.11, $50.26 and $46.63 weekly MSL trigger.
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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Competitors in the computer and gaming accessories segment include Microsoft Co. (NASDAQ: MSFT), Corsair Gaming Inc. (NASDAQ: CRSR), Dell Technologies Inc. (NASDAQ: DELL) and HP Inc. (NYSE: HPQ). Computer peripherals and accessories manufacturer Logitech International SA (NASDAQ: LOGI) stock took a (10%) haircut on the sudden resignation of its CEO of 10 years. Logitech shares have been on a downward trajectory for two years after peaking from a 300% spike in its stock price during the pandemic, where stay-at-home mandates bolstered demand for computer accessories.
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Competitors in the computer and gaming accessories segment include Microsoft Co. (NASDAQ: MSFT), Corsair Gaming Inc. (NASDAQ: CRSR), Dell Technologies Inc. (NASDAQ: DELL) and HP Inc. (NYSE: HPQ). Citi Downgrade On June 14, 2023, Citi downgraded the shares of Logitech to Neutral from a Buy rating. Pullback supports are at $54.61 weekly MSL trigger, $52.11, $50.26 and $46.63 weekly MSL trigger.
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Competitors in the computer and gaming accessories segment include Microsoft Co. (NASDAQ: MSFT), Corsair Gaming Inc. (NASDAQ: CRSR), Dell Technologies Inc. (NASDAQ: DELL) and HP Inc. (NYSE: HPQ). Computer peripherals and accessories manufacturer Logitech International SA (NASDAQ: LOGI) stock took a (10%) haircut on the sudden resignation of its CEO of 10 years. On June 13, 2023, Logitech CEO Bracken Darrel abruptly resigned after ten years.
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Competitors in the computer and gaming accessories segment include Microsoft Co. (NASDAQ: MSFT), Corsair Gaming Inc. (NASDAQ: CRSR), Dell Technologies Inc. (NASDAQ: DELL) and HP Inc. (NYSE: HPQ). Based on the abrupt nature of the resignation after a 10-year-long tenure as CEO, investors are left to assume that either Darrel found an opportunity he couldn't refuse or he was fired or asked to resign by the Board. Using this example, the sudden departure during a turnaround was likely not due to termination, as the company had no permanent CEO replacement.
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19a9f950-6f4a-49d7-ba62-617789870d5d
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725463.0
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2023-06-16 00:00:00 UTC
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Daily Dividend Report: DELL,WSM,MPWR,EQR,ROP
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DELL
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https://www.nasdaq.com/articles/daily-dividend-report%3A-dellwsmmpwreqrrop
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nan
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nan
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Dell Technologies announces that its board of directors has declared a quarterly cash dividend of $0.37 per common share, which will be payable on Aug. 4 to shareholders of record as of July 25. Dell increased its annual cash dividend by 12% to $1.48 per common share following board approval in March of this year.
Williams-Sonoma announced today that its Board of Directors has declared a quarterly cash dividend of $0.90 per common share. The dividend is payable on August 25, 2023, to stockholders of record as of the close of business on July 21, 2023.
Monolithic Power Systems, a fabless company with a global footprint that provides high-performance, semiconductor-based power electronic solutions, today announced its second quarter dividend of $1.00 per share of common stock to all stockholders of record as of the close of business on June 30, 2023. The dividend will be paid on July 14, 2023.
Equity Residential today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the second quarter of $0.6625 per share will be paid on July 14, 2023 to shareholders of record on June 26, 2023.
Roper Technologies announced that its Board of Directors has approved a dividend of $0.6825 per share payable on July 24, 2023 to stockholders of record on July 10, 2023.
VIDEO: Daily Dividend Report: DELL,WSM,MPWR,EQR,ROP
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 announces that its board of directors has declared a quarterly cash dividend of $0.37 per common share, which will be payable on Aug. 4 to shareholders of record as of July 25. Dell increased its annual cash dividend by 12% to $1.48 per common share following board approval in March of this year. VIDEO: Daily Dividend Report: DELL,WSM,MPWR,EQR,ROP 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 announces that its board of directors has declared a quarterly cash dividend of $0.37 per common share, which will be payable on Aug. 4 to shareholders of record as of July 25. Dell increased its annual cash dividend by 12% to $1.48 per common share following board approval in March of this year. VIDEO: Daily Dividend Report: DELL,WSM,MPWR,EQR,ROP 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 announces that its board of directors has declared a quarterly cash dividend of $0.37 per common share, which will be payable on Aug. 4 to shareholders of record as of July 25. Dell increased its annual cash dividend by 12% to $1.48 per common share following board approval in March of this year. VIDEO: Daily Dividend Report: DELL,WSM,MPWR,EQR,ROP 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 announces that its board of directors has declared a quarterly cash dividend of $0.37 per common share, which will be payable on Aug. 4 to shareholders of record as of July 25. Dell increased its annual cash dividend by 12% to $1.48 per common share following board approval in March of this year. VIDEO: Daily Dividend Report: DELL,WSM,MPWR,EQR,ROP 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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0f65f9eb-a47f-42f6-960d-f7fd9e6bdb9d
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725464.0
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2023-06-12 00:00:00 UTC
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Dell Technologies Inc - Class C Shares Close in on 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-close-in-on-52-week-high-market-mover-1
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nan
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nan
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.6% below its 52 week high of $49.10, giving the company a market cap of $12B. The stock is currently up 21.5% year-to-date, up 1.2% over the past 12 months, and up 7.0% over the past five years. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 29.4% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward 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 , lags 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 , lags it on a 1-year basis, and lags 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 , lags 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 lags the peer average by -49.4%
The company's stock price performance over the past 12 months lags the peer average by -96.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -90.1% 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 0.6% below its 52 week high of $49.10, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. 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 0.6% below its 52 week high of $49.10, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags 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 , lags it on a 1-year basis, and lags 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 , lags 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 lags the peer average by -49.4% The company's stock price performance over the past 12 months lags the peer average by -96.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -90.1% lower than the average peer.
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Dell Technologies Inc - Class C (DELL) shares closed today at 0.6% below its 52 week high of $49.10, giving the company a market cap of $12B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags 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 , lags it on a 1-year basis, and lags 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 , lags 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 lags the peer average by -49.4% The company's stock price performance over the past 12 months lags the peer average by -96.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -90.1% 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 0.6% below its 52 week high of $49.10, giving the company a market cap of $12B. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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a46bca28-74b6-4ad5-a84d-d39464b52174
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725465.0
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2023-06-12 00:00:00 UTC
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Validea's Top 5 Information Technology Stocks Based On Joel Greenblatt - 6/12/2023
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DELL
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https://www.nasdaq.com/articles/valideas-top-5-information-technology-stocks-based-on-joel-greenblatt-6-12-2023
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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.
HP INC (HPQ) is a large-cap value 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: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.
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 HP INC
HPQ Guru Analysis
HPQ Fundamental Analysis
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
CDW CORP (CDW) is a large-cap growth stock in the Computer Services industry. The rating according to our strategy based on Joel Greenblatt is 30% 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: CDW Corporation is a technology company that is a multi-brand provider of information technology (IT) solutions to small, medium and large business, government, education and healthcare customers in the United States, the United Kingdom and Canada. The Company's array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premises and cloud capabilities across hybrid infrastructure, digital experience and security. The Company's business segments include Corporate, Small Business, and Public. The Company's Corporate segment primarily serves the United States private sector business customers. The Small Business segment primarily serves the United States private sector business customers. The Public segment comprises government agencies, education, and healthcare institutions in the United States. The Company's solutions are delivered in physical, virtual and cloud-based environments.
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 CDW CORP
CDW Guru Analysis
CDW Fundamental Analysis
KLA CORP (KLAC) is a large-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Joel Greenblatt is 20% 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: KLA Corporation (KLA) is a supplier of process control and yield management solutions and services for the semiconductor and related electronics industries. The Company offers a portfolio of device manufacturing, inspection and metrology products and related service, software and other offerings support research and development (R&D) and manufacturing of integrated circuits (IC), wafers and reticles. It also offers technologically advanced, yield-enhancing and process-enabling solutions to address various manufacturing stages of Printed Circuit Boards (PCB), Flat Panel Displays (FPD), Specialty Semiconductor Devices (SD) and other electronic components. Its segment includes Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection, and Other. The Semiconductor Process Control segment provides a portfolio of inspection, metrology and data analytics products as well as related service offerings.
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 KLA CORP
KLAC Guru Analysis
KLAC Fundamental Analysis
ANSYS, INC. (ANSS) is a large-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: ANSYS, Inc. develops and globally markets engineering simulation software and services used by engineers, designers, researchers and students. The Company caters to a range of industries and academia, including high-tech, aerospace and defense, automotive, energy, industrial equipment, materials and chemicals, consumer products, healthcare, and construction. The Company's solutions enable users to analyze designs on-premises and/or via the cloud, providing a common platform for product development, from design concept to final-stage testing, validation and deployment. The Company distributes its suite of simulation technologies through direct sales offices and a network of independent resellers and distributors. Its product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Semiconductors, Multiphysics, Embedded Software, Systems, Three-Dimensional (3D) Design, and Optical. Its structural analysis product offers simulation tools for product design and optimization.
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 ANSYS, INC.
ANSS Guru Analysis
ANSS 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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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 CDW CORP (CDW) is a large-cap growth stock in the Computer Services industry.
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Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CDW CORP (CDW) is a large-cap growth stock in the Computer Services industry. Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 CDW CORP (CDW) is a large-cap growth stock in the Computer Services industry. Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 HP INC HPQ Guru Analysis HPQ Fundamental Analysis 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 CDW CORP (CDW) is a large-cap growth stock in the Computer Services industry.
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3d26a4cb-fb24-41e3-a72c-499c3ac5b3f6
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725466.0
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2023-06-08 00:00:00 UTC
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EXCLUSIVE-Taiwan's Acer ships computer hardware to Russia after saying it would suspend business -data
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DELL
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https://www.nasdaq.com/articles/exclusive-taiwans-acer-ships-computer-hardware-to-russia-after-saying-it-would-suspend-0
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nan
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nan
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By Filipp Lebedev and Gleb Stolyarov
June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show.
The records show equipment produced by Acer was supplied to Russia both through Acer's wholly-owned subsidiary registered in Switzerland and a number of delivery services by order of that subsidiary.
As the shipments originated outside Taiwan, they did not violate Taipei's sanctions against Russia. Nor did they involve items restricted at the time of export by Switzerland's sanctions regime, which mirrors that of the European Union.
But in a statement on April 8 last year, the company said: "Due to recent developments, Acer has decided to suspend its business in Russia."
Asked about subsequent exports to Russia via Swiss subsidiary Acer Sales International SA, Acer in Taiwan said in a statement that "we strictly adhere to applicable international regulations and trade laws regarding exports to Russia".
It added that the Swiss subsidiary "had not shipped any laptops or desktops to Russia since April 8 last year", but that it had supplied a "limited number of displays and accessories to the Russian market for civilian daily use while ensuring compliance with international sanctions".
Acer did not say why it continued shipping its goods to Russia despite saying it would suspend business there.
A source familiar with details of the shipments, who declined to be named due to the sensitivity of the issue, said Acer's products, including PC monitors and laptops, continued to be shipped to Russia after April 2022.
Reuters was unable to establish where some Acer goods that can still be found on sale in Russia had originated from nor when they had arrived in the country.
Swiss sanctions, in line with the EU's, allowed the export of laptop computers and computing components to Russia until Dec. 16, 2022. There were no deliveries of the newly prohibited items by Acer to Russia from Switzerland after that date.
The company told Reuters it was possible that importers in Russia sourced Acer devices from third countries.
Acer's Russian unit, in response to emailed questions, said "nothing has changed" since the April 2022 statement.
Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%.
The shipments underline how, despite international sanctions aimed at limiting Russians' access to technology and equipment, foreign-made goods remain available to consumers.
And Artem Zhavoronkov, a partner at St. Petersburg-based law firm Nordic Star, said Acer risked reputational damage.
G7 leaders at a recent meeting in Japan acted to tighten sanctions on Russia and cut off Moscow's attempts to evade them.
FEWER SHIPMENTS
Russian customs data shows at least 744 shipments of Acer's products entered Russia between April 8, 2022 and March 31, 2023, compared with 3,735 in the year earlier period for a total of $244.3 million.
In monetary terms, shipments fell 71.1%, according to the data, with laptops and PC monitors making up the bulk of shipments.
Taiwan announced it would join sanctions against Russia on Feb. 25, 2022, with a special export permit required for technological goods on a government-compiled list.
Taiwan's Economy Ministry told Reuters that high performance electronics, including monitors, displays and laptops are included on this list and applications for export "in principle will not be approved".
The ministry said that as of end-March 2023 Acer had not applied for such permits, and there are no Taiwanese customs records of Acer exports to Russia. The ministry declined to comment further.
The main supplier of Acer equipment to Russia last year was Acer Sales International SA, a firm registered in the city of Bioggio, in the southern Italian-speaking canton of Switzerland.
An officer of the subsidiary did not respond to requests for comment sent via WhatsApp.
Switzerland's State Secretariat for Economic Affairs told Reuters that it does not comment on individual cases or specific companies.
Russia's Ministry of Industry and Trade did not respond to a request for comment.
(Reporting by Filipp Lebedev and Gleb Stolyarov in Tbilisi; Additional reporting by Ben Blanchard in Taipei and Gabrielle Tétrault-Farber in Geneva; Editing by Mike Collett-White, Kirsten Donovan)
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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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. It added that the Swiss subsidiary "had not shipped any laptops or desktops to Russia since April 8 last year", but that it had supplied a "limited number of displays and accessories to the Russian market for civilian daily use while ensuring compliance with international sanctions".
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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. By Filipp Lebedev and Gleb Stolyarov June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. By Filipp Lebedev and Gleb Stolyarov June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. By Filipp Lebedev and Gleb Stolyarov June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
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e8f0a838-150b-4278-8dae-cf7b9933cd18
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725467.0
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2023-06-08 00:00:00 UTC
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DELL July 28th Options Begin Trading
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DELL
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https://www.nasdaq.com/articles/dell-july-28th-options-begin-trading
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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 today, for the July 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new July 28th contracts and identified one put and one call contract of particular interest.
The put contract at the $47.00 strike price has a current bid of $1.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $47.00, but will also collect the premium, putting the cost basis of the shares at $45.60 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $47.50/share today.
Because the $47.00 strike represents an approximate 1% 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 99%. 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 2.98% return on the cash commitment, or 21.74% 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 $47.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $50.00 strike price has a current bid of 65 cents. If an investor was to purchase shares of DELL stock at the current price level of $47.50/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $50.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.63% if the stock gets called away at the July 28th 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 $50.00 strike highlighted in red:
Considering the fact that the $50.00 strike represents an approximate 5% 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 1.37% boost of extra return to the investor, or 9.99% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $47.50) to be 38%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Funds Holding ATNY
Funds Holding HARD
Institutional Holders of RCLP
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 $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 5% 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 today, for the July 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new July 28th 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 $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 5% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the July 28th expiration.
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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 $47.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $50.00 strike price has a current bid of 65 cents. Below is a chart showing DELL's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 5% 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 today, for the July 28th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new July 28th 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 $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 5% 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 today, for the July 28th expiration.
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8dd373bb-2a67-4f39-adcf-4f27b36cfa38
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725468.0
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2023-06-08 00:00:00 UTC
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EXCLUSIVE-Taiwan's Acer ships computer hardware to Russia after saying it would suspend business -data
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DELL
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https://www.nasdaq.com/articles/exclusive-taiwans-acer-ships-computer-hardware-to-russia-after-saying-it-would-suspend
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nan
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nan
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By Filipp Lebedev and Gleb Stolyarov
June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show.
The records show equipment produced by Acer was supplied to Russia both through Acer's wholly-owned subsidiary registered in Switzerland and a number of delivery services by order of that subsidiary.
As the shipments originated outside Taiwan, they did not violate Taipei's sanctions against Russia. Nor did they involve items restricted at the time of export by Switzerland's sanctions regime, which mirrors that of the European Union.
But in a statement on April 8 last year, the company said: "Due to recent developments, Acer has decided to suspend its business in Russia."
Asked about subsequent exports to Russia via Swiss subsidiary Acer Sales International SA, Acer in Taiwan said in a statement that "we strictly adhere to applicable international regulations and trade laws regarding exports to Russia".
It added that the Swiss subsidiary "had not shipped any laptops or desktops to Russia since April 8 last year", but that it had supplied a "limited number of displays and accessories to the Russian market for civilian daily use while ensuring compliance with international sanctions".
Acer did not say why it continued shipping its goods to Russia despite saying it would suspend business there.
A source familiar with details of the shipments, who declined to be named due to the sensitivity of the issue, said Acer's products, including PC monitors and laptops, continued to be shipped to Russia after April 2022.
Reuters was unable to establish where some Acer goods that can still be found on sale in Russia had originated from nor when they had arrived in the country.
Swiss sanctions, in line with the EU's, allowed the export of laptop computers and computing components to Russia until Dec. 16, 2022. There were no deliveries of the newly prohibited items by Acer to Russia from Switzerland after that date.
The company told Reuters it was possible that importers in Russia sourced Acer devices from third countries.
Acer's Russian unit, in response to emailed questions, said "nothing has changed" since the April 2022 statement.
Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%.
The shipments underline how, despite international sanctions aimed at limiting Russians' access to technology and equipment, foreign-made goods remain available to consumers.
And Artem Zhavoronkov, a partner at St. Petersburg-based law firm Nordic Star, said Acer risked reputational damage.
G7 leaders at a recent meeting in Japan acted to tighten sanctions on Russia and cut off Moscow's attempts to evade them.
FEWER SHIPMENTS
Russian customs data shows at least 744 shipments of Acer's products entered Russia between April 8, 2022 and March 31, 2023, compared with 3,735 in the year earlier period for a total of $244.3 million.
In monetary terms, shipments fell 71.1%, according to the data, with laptops and PC monitors making up the bulk of shipments.
Taiwan announced it would join sanctions against Russia on Feb. 25, 2022, with a special export permit required for technological goods on a government-compiled list.
Taiwan's Economy Ministry told Reuters that high performance electronics, including monitors, displays and laptops are included on this list and applications for export "in principle will not be approved".
The ministry said that as of end-March 2023 Acer had not applied for such permits, and there are no Taiwanese customs records of Acer exports to Russia. The ministry declined to comment further.
The main supplier of Acer equipment to Russia last year was Acer Sales International SA, a firm registered in the city of Bioggio, in the southern Italian-speaking canton of Switzerland.
An officer of the subsidiary did not respond to requests for comment sent via WhatsApp.
Switzerland's State Secretariat for Economic Affairs told Reuters that it does not comment on individual cases or specific companies.
Russia's Ministry of Industry and Trade did not respond to a request for comment.
(Reporting by Filipp Lebedev and Gleb Stolyarov in Tbilisi; Additional reporting by Ben Blanchard in Taipei and Gabrielle Tétrault-Farber in Geneva; Editing by Mike Collett-White, Kirsten Donovan)
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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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. It added that the Swiss subsidiary "had not shipped any laptops or desktops to Russia since April 8 last year", but that it had supplied a "limited number of displays and accessories to the Russian market for civilian daily use while ensuring compliance with international sanctions".
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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. By Filipp Lebedev and Gleb Stolyarov June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. By Filipp Lebedev and Gleb Stolyarov June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
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While not illegal, Acer's actions contrast with those of key Western rivals such as Dell DELL.N and HP HPE.N which ceased shipments in February and April 2022, respectively, following Moscow's full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show. Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%. By Filipp Lebedev and Gleb Stolyarov June 8 (Reuters) - Taiwan-based computer manufacturer Acer 2353.TW supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.
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e25581f4-b697-459f-a28a-19fc82e63f39
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725469.0
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2023-06-06 00:00:00 UTC
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Nutanix Stock Surges Higher After Raised Guidance
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DELL
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https://www.nasdaq.com/articles/nutanix-stock-surges-higher-after-raised-guidance
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nan
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nan
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Enterprise hybrid multi-cloud management solutions provider Nutanix Inc. (NASDAQ: NTNX) stock soared, breaking out of a weekly descending triangle pattern on solid Q3 2023 earnings. Hybrid multi-clouds help enterprises accelerate their digital transformation, driving demand for cloud services. Multi-cloud adoption and data center modernization are tailwinds driving up top-line growth.
The largest deal in its recent quarter was with a Fortune 500 semiconductor provider seeking to accelerate its digital transformation. Nutanix competes with Dell Technologies Inc. (NYSE: DELL), Hewlett Packard Enterprise Co. (NYSE: HPE) and VMware Inc. (NYSE: VMW) in the digital transformation, storage and multi-cloud. The company grew its customers by 9% to 24,050 in Q3 2023. It grew its $1 million customers by 18% to 1,442 and $10 million customers by 30% to 133 in Q3 2023.
Hybrid Multi-Cloud Environment
A hybrid multi-cloud combines public and private cloud services and on-premises infrastructure allowing companies to get the best of all worlds. It enables the flexibility of the public cloud, the control and security of the private cloud, and the cost savings of on-premises infrastructure.
This means organizations can use a public cloud for resource-intensive workloads while using a private cloud for confidential workloads allowing scalability up or down. Organizations can use the private cloud to store data and the public cloud to process and analyze big data. Developers can use the private cloud for development and testing and the public cloud for production.
Beat and Raise
On May 24, 2023, Nutanix released its fiscal third-quarter 2023 results for the quarter ending April 2023. The Company reported an earnings-per-share (EPS) profit of $0.04, excluding non-recurring items, versus consensus analyst estimates of $0.03, beating estimates by $0.01. Revenues rose 11.1% year-over-year (YoY) to $448.6 million, beating analyst estimates of $433.44 million. Annual contract value (ACV) billings rose 17% to 239.8 million.
Annual recurring revenue (ARR) increased by 32% to $1.47 billion. The company also completed the investigation regarding third-party software usage, which will have an estimated $11 million impact recorded in Q2 2023 and corrected prior period financials. The company expects the incremental ongoing annual impact on operating expenses in the low single-digit millions. The company generated $42 million in free cash flow in the quarter.
CEO Insights
Nutanix CEO Rajiv Ramaswami commented, "Our third quarter results demonstrated a good balance of growth and profitability, resulting in year-to-date ACV Billings growth exceeding 20%, combined with strong year-to-date free cash flow generation. We continue to execute on our growing base of subscription renewals and remain focused on sustainable, profitable growth.”
The company saw solid renewals and continues to see companies prioritizing digital transformation and data center modernization, focusing strongly on the cost of ownership. Companies are being more scrutinized for deals, which is attributed to the uncertain macroeconomic environment. This is driving slightly longer sale cycles. Supply chain constraints that the company suffered with its hardware providers have normalized with minimal impact on its operations.
Raising the Bar
Nutanix raised guidance for fiscal Q4 2023 revenues to come in between $470 million to $480 million versus $452.24 consensus analyst estimates, with ACV billings of $245 million to $250 million. Non-GAAP gross margins are around 84%, and non-GAAP operating margins are between 9% and 10%.
Fiscal full-year 2023 revenues are expected between $1.84 billion to $1.85 billion. Full-year 2023 ACV billings are expected between $915 million to $925 million, with non-GAAP gross margins of around 84%. Non-GAAP operating margin is expected between 6% and 7%, and free cash flow between $125 million and $135 million. Investor Day in New York City is scheduled for Sept. 26, 2023.
Nutanix analyst ratings and price targets can be found on MarketBeat.
Weekly Descending Triangle Breakout
The weekly candlestick chart for NTNX illustrates a descending triangle that started to form after peaking at $33.73 in December 2022. Shares continued to fall to a low of $23.35 in April 2023. Each bounce attempt made lower highs, as indicated by the descending trendline. The weekly market structure low (MSL) breakout through the $24.68 trigger occurred at the beginning of May 2023, simultaneously breaking out through the descending trendline and triangle accelerating higher on its Q3 2023 earnings beat. The weekly stochastic finally bounced off the 20-band as it headed toward the 60-band. Pullback support levels are at $27.25, $25.90, $24.68 weekly MSL trigger and $23.35 flat bottom.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Nutanix competes with Dell Technologies Inc. (NYSE: DELL), Hewlett Packard Enterprise Co. (NYSE: HPE) and VMware Inc. (NYSE: VMW) in the digital transformation, storage and multi-cloud. Enterprise hybrid multi-cloud management solutions provider Nutanix Inc. (NASDAQ: NTNX) stock soared, breaking out of a weekly descending triangle pattern on solid Q3 2023 earnings. The company also completed the investigation regarding third-party software usage, which will have an estimated $11 million impact recorded in Q2 2023 and corrected prior period financials.
|
Nutanix competes with Dell Technologies Inc. (NYSE: DELL), Hewlett Packard Enterprise Co. (NYSE: HPE) and VMware Inc. (NYSE: VMW) in the digital transformation, storage and multi-cloud. Hybrid Multi-Cloud Environment A hybrid multi-cloud combines public and private cloud services and on-premises infrastructure allowing companies to get the best of all worlds. CEO Insights Nutanix CEO Rajiv Ramaswami commented, "Our third quarter results demonstrated a good balance of growth and profitability, resulting in year-to-date ACV Billings growth exceeding 20%, combined with strong year-to-date free cash flow generation.
|
Nutanix competes with Dell Technologies Inc. (NYSE: DELL), Hewlett Packard Enterprise Co. (NYSE: HPE) and VMware Inc. (NYSE: VMW) in the digital transformation, storage and multi-cloud. Hybrid Multi-Cloud Environment A hybrid multi-cloud combines public and private cloud services and on-premises infrastructure allowing companies to get the best of all worlds. We continue to execute on our growing base of subscription renewals and remain focused on sustainable, profitable growth.” The company saw solid renewals and continues to see companies prioritizing digital transformation and data center modernization, focusing strongly on the cost of ownership.
|
Nutanix competes with Dell Technologies Inc. (NYSE: DELL), Hewlett Packard Enterprise Co. (NYSE: HPE) and VMware Inc. (NYSE: VMW) in the digital transformation, storage and multi-cloud. Hybrid multi-clouds help enterprises accelerate their digital transformation, driving demand for cloud services. The company expects the incremental ongoing annual impact on operating expenses in the low single-digit millions.
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265372f7-f31b-45f8-8843-4d6c590cf47c
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725470.0
|
2023-06-05 00:00:00 UTC
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Dell Australia found guilty of misleading customers on monitor prices, discounts
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DELL
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https://www.nasdaq.com/articles/dell-australia-found-guilty-of-misleading-customers-on-monitor-prices-discounts
|
nan
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nan
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June 6 (Reuters) - Dell Technologies Inc's DELL.N Australian unit has been found guilty by the country's Federal Court to have misled customers about the prices or discounts on its add-on monitors on its website, Australia's competition regulator said on Tuesday.
When customers chose to buy a personal computer, Dell Australia gave them an option to bundle a compatible monitor at a discounted, or a 'strikethrough' price, suggesting it would be cheaper to buy the monitor in a bundle rather than separately.
"Dell Australia admitted that the monitors were not sold for the 'strikethrough' price for most of the relevant time and, in some cases, the add-on price shown was more expensive than if the monitor was bought on a stand-alone basis," the Australian Competition and Consumer Commission (ACCC) said in a filing.
Consumers paid more than A$2 million ($1.32 million) for add-on monitors between August 2019 and mid-December 2021, the regulator added.
Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during the period, has refunded or agreed to offer compensation to more than 4,250 affected consumers, and has been ordered to offer full or partial refunds to affected customers.
($1 = 1.5122 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi Aich)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
June 6 (Reuters) - Dell Technologies Inc's DELL.N Australian unit has been found guilty by the country's Federal Court to have misled customers about the prices or discounts on its add-on monitors on its website, Australia's competition regulator said on Tuesday. "Dell Australia admitted that the monitors were not sold for the 'strikethrough' price for most of the relevant time and, in some cases, the add-on price shown was more expensive than if the monitor was bought on a stand-alone basis," the Australian Competition and Consumer Commission (ACCC) said in a filing. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during the period, has refunded or agreed to offer compensation to more than 4,250 affected consumers, and has been ordered to offer full or partial refunds to affected customers.
|
June 6 (Reuters) - Dell Technologies Inc's DELL.N Australian unit has been found guilty by the country's Federal Court to have misled customers about the prices or discounts on its add-on monitors on its website, Australia's competition regulator said on Tuesday. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during the period, has refunded or agreed to offer compensation to more than 4,250 affected consumers, and has been ordered to offer full or partial refunds to affected customers. When customers chose to buy a personal computer, Dell Australia gave them an option to bundle a compatible monitor at a discounted, or a 'strikethrough' price, suggesting it would be cheaper to buy the monitor in a bundle rather than separately.
|
When customers chose to buy a personal computer, Dell Australia gave them an option to bundle a compatible monitor at a discounted, or a 'strikethrough' price, suggesting it would be cheaper to buy the monitor in a bundle rather than separately. "Dell Australia admitted that the monitors were not sold for the 'strikethrough' price for most of the relevant time and, in some cases, the add-on price shown was more expensive than if the monitor was bought on a stand-alone basis," the Australian Competition and Consumer Commission (ACCC) said in a filing. Dell Australia, which sold more than 5,300 add-on monitors with overstated discounts during the period, has refunded or agreed to offer compensation to more than 4,250 affected consumers, and has been ordered to offer full or partial refunds to affected customers.
|
June 6 (Reuters) - Dell Technologies Inc's DELL.N Australian unit has been found guilty by the country's Federal Court to have misled customers about the prices or discounts on its add-on monitors on its website, Australia's competition regulator said on Tuesday. When customers chose to buy a personal computer, Dell Australia gave them an option to bundle a compatible monitor at a discounted, or a 'strikethrough' price, suggesting it would be cheaper to buy the monitor in a bundle rather than separately. "Dell Australia admitted that the monitors were not sold for the 'strikethrough' price for most of the relevant time and, in some cases, the add-on price shown was more expensive than if the monitor was bought on a stand-alone basis," the Australian Competition and Consumer Commission (ACCC) said in a filing.
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c3716654-083a-4dbc-a8b0-0935e8d0b302
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725471.0
|
2023-06-02 00:00:00 UTC
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Why Dell Technologies Stock Rocketed 4% Higher on Friday
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DELL
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https://www.nasdaq.com/articles/why-dell-technologies-stock-rocketed-4-higher-on-friday
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nan
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nan
|
What happened
Repeating its encouraging performance from the day before, Dell Technologies (NYSE: DELL) stock had a fine Friday. The storied tech retailer's share price increased a robust 4% on the day, trouncing the 1.5% gain of the S&P 500, thanks to a set of price target raises from analysts.
So what
This development came one day after Dell delivered its latest quarterly earnings figures. Happily for investors, first-quarter revenue and -- especially -- non-GAAP (adjusted) net income convincingly beat the average prognosticator estimates.
While it was hardly surprising that analysts would make upward adjustments in their Dell evaluations following such performance, it seems the market wasn't ready for the stampede that occurred. All told, no less than nine pundits raised their price targets on the shares Friday.
These included some of the most influential names in the stock market. Goldman Sachs prognosticator Michael Ng, for instance, added $6 per share to his level to reach $49. Ng maintained his buy recommendation on the stock. His peer Sidney Ho at European lender Deutsche Bank was more or less in the same ballpark, as he boosted his price target to $48 from $45, and similarly kept his buy rating.
Now what
It's always encouraging when one of your stocks gets a lift from a revised analyst take. It's especially pleasing when there's a wave of such revisions, rather than just a single or a few. Caution should be taken here, though; Dell's headline results, while estimates-beating, were down significantly on a year-over-year basis. Revenue fell a worrying 20%, for example, while the company's adjusted net income shrank by 33%.
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Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. 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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While it was hardly surprising that analysts would make upward adjustments in their Dell evaluations following such performance, it seems the market wasn't ready for the stampede that occurred. What happened Repeating its encouraging performance from the day before, Dell Technologies (NYSE: DELL) stock had a fine Friday. So what This development came one day after Dell delivered its latest quarterly earnings figures.
|
What happened Repeating its encouraging performance from the day before, Dell Technologies (NYSE: DELL) stock had a fine Friday. So what This development came one day after Dell delivered its latest quarterly earnings figures. While it was hardly surprising that analysts would make upward adjustments in their Dell evaluations following such performance, it seems the market wasn't ready for the stampede that occurred.
|
What happened Repeating its encouraging performance from the day before, Dell Technologies (NYSE: DELL) stock had a fine Friday. 10 stocks we like better than Dell Technologies When our analyst team has a stock tip, it can pay to listen. So what This development came one day after Dell delivered its latest quarterly earnings figures.
|
What happened Repeating its encouraging performance from the day before, Dell Technologies (NYSE: DELL) stock had a fine Friday. So what This development came one day after Dell delivered its latest quarterly earnings figures. While it was hardly surprising that analysts would make upward adjustments in their Dell evaluations following such performance, it seems the market wasn't ready for the stampede that occurred.
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ccca350f-dc4f-42ce-ad2f-32b1331244b9
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725472.0
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2023-06-02 00:00:00 UTC
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Evercore ISI Group Reiterates Dell Technologies Inc - Class C (DELL) Outperform Recommendation
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DELL
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https://www.nasdaq.com/articles/evercore-isi-group-reiterates-dell-technologies-inc-class-c-dell-outperform-recommendation
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nan
|
nan
|
Fintel reports that on June 2, 2023, Evercore ISI Group reiterated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
Analyst Price Forecast Suggests 9.21% Upside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.21% from its latest reported closing price of 45.46.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.46 / share, the stock's dividend yield is 3.26%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.49 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, a decrease of 2.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 214,011K shares.
The put/call ratio of DELL is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on June 2, 2023, Evercore ISI Group reiterated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
|
Fintel reports that on June 2, 2023, Evercore ISI Group reiterated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 2, 2023, Evercore ISI Group reiterated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Fintel reports that on June 2, 2023, Evercore ISI Group reiterated coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
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5b3e14b0-d4dc-4d26-bdcc-4d913704764a
|
725473.0
|
2023-06-02 00:00:00 UTC
|
Raymond James Maintains Dell Technologies Inc - Class C (DELL) Outperform Recommendation
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DELL
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https://www.nasdaq.com/articles/raymond-james-maintains-dell-technologies-inc-class-c-dell-outperform-recommendation
|
nan
|
nan
|
Fintel reports that on June 2, 2023, Raymond James maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
Analyst Price Forecast Suggests 9.21% Upside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.21% from its latest reported closing price of 45.46.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.46 / share, the stock's dividend yield is 3.26%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.49 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, a decrease of 2.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 214,011K shares.
The put/call ratio of DELL is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on June 2, 2023, Raymond James maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
|
Fintel reports that on June 2, 2023, Raymond James maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
|
Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 2, 2023, Raymond James maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Fintel reports that on June 2, 2023, Raymond James maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
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d53d8dbe-5707-4ecc-87a9-a4e0f5d44cde
|
725474.0
|
2023-06-02 00:00:00 UTC
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Credit Suisse Maintains Dell Technologies Inc - Class C (DELL) Outperform Recommendation
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DELL
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https://www.nasdaq.com/articles/credit-suisse-maintains-dell-technologies-inc-class-c-dell-outperform-recommendation
|
nan
|
nan
|
Fintel reports that on June 2, 2023, Credit Suisse maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
Analyst Price Forecast Suggests 9.21% Upside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.21% from its latest reported closing price of 45.46.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.46 / share, the stock's dividend yield is 3.26%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.49 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, a decrease of 2.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 214,011K shares.
The put/call ratio of DELL is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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 June 2, 2023, Credit Suisse maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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Fintel reports that on June 2, 2023, Credit Suisse maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 2, 2023, Credit Suisse maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Fintel reports that on June 2, 2023, Credit Suisse maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Outperform recommendation.
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75565e75-26d6-4a61-bc13-5b178830246d
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725475.0
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2023-06-02 00:00:00 UTC
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Deutsche Bank Maintains Dell Technologies Inc - Class C (DELL) Buy Recommendation
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DELL
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https://www.nasdaq.com/articles/deutsche-bank-maintains-dell-technologies-inc-class-c-dell-buy-recommendation
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nan
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nan
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Fintel reports that on June 2, 2023, Deutsche Bank maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
Analyst Price Forecast Suggests 9.21% Upside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.21% from its latest reported closing price of 45.46.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.46 / share, the stock's dividend yield is 3.26%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.49 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, a decrease of 2.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 214,011K shares.
The put/call ratio of DELL is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on June 2, 2023, Deutsche Bank maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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Fintel reports that on June 2, 2023, Deutsche Bank maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 2, 2023, Deutsche Bank maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Fintel reports that on June 2, 2023, Deutsche Bank maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Buy recommendation.
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3d89003e-e7e7-499b-8907-17a5680f2b8a
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725476.0
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2023-06-02 00:00:00 UTC
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Barclays Maintains Dell Technologies Inc - Class C (DELL) Equal-Weight Recommendation
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DELL
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https://www.nasdaq.com/articles/barclays-maintains-dell-technologies-inc-class-c-dell-equal-weight-recommendation
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Fintel reports that on June 2, 2023, Barclays maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 9.21% Upside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.21% from its latest reported closing price of 45.46.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.46 / share, the stock's dividend yield is 3.26%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.49 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, a decrease of 2.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 214,011K shares.
The put/call ratio of DELL is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on June 2, 2023, Barclays maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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Fintel reports that on June 2, 2023, Barclays maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 2, 2023, Barclays maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Fintel reports that on June 2, 2023, Barclays maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Equal-Weight recommendation.
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46449f18-333c-4948-b133-a8dc42cf544b
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725477.0
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2023-06-02 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-0
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nan
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nan
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Fintel reports that on June 2, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
Analyst Price Forecast Suggests 9.21% Upside
As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 9.21% from its latest reported closing price of 45.46.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.46 / share, the stock's dividend yield is 3.26%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.49 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, a decrease of 2.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 214,011K shares.
The put/call ratio of DELL is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on June 2, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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Fintel reports that on June 2, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
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Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on June 2, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 9.21% Upside As of June 1, 2023, the average one-year price target for Dell Technologies Inc - Class C is 49.65.
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The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1143 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 45 owner(s) or 3.79% in the last quarter. Fintel reports that on June 2, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
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c823fc99-8aac-4b95-a2ad-d1613799d992
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725478.0
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2023-06-02 00:00:00 UTC
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DELL Q1 Earnings Beat Estimates, Lower PC Sales Hurt Revenues
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DELL
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https://www.nasdaq.com/articles/dell-q1-earnings-beat-estimates-lower-pc-sales-hurt-revenues
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Dell Technologies DELL reported non-GAAP earnings of $1.31 per share in first-quarter fiscal 2024, beating the Zacks Consensus Estimate by 50.57%. The bottom line fell 29% year over year.
Revenues, on a non-GAAP basis, declined 20% year over year to $20.92 billion but beat the consensus mark by 3.82%.
Product revenues fell 27% year over year to $15.03 billion. Services revenues rose 4% year over year to $5.89 billion.
Dell shares were down 3.1% in after-hours trading following the results. Shares have risen 13% year to date compared with the Zacks Computer & Technology sector’s rise of 32.1%.
Dell Technologies Inc. Price, Consensus and EPS Surprise
Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote
The company suffered from lower PC shipments in the reported quarter. It witnessed weak PC demand and slowing infrastructure demand, which was partially offset by strong growth in storage.
Dell’s fiscal 2024 view is also not encouraging. The company expects top-line growth to suffer from cautious IT spending, which will likely remain weak due to slowing economic growth, inflation, rising interest rates and currency pressure.
Top-Line Detail
Infrastructure Solutions Group (“ISG”) revenues were down 18% year over year to $7.59 billion. The downside can be attributed to a 24% fall in servers and networking revenues that totaled $3.83 billion. Storage revenues fell 11% year over year to $3.76 billion.
Client Solutions Group (“CSG”) revenues were $11.98 billion, down 23% year over year. Commercial revenues declined 18% year over year to $9.86 billion. Consumer revenues were down 41% to $2.12 billion.
CSG revenues were hurt by lower PC shipments. Per IDC Worldwide Quarterly Personal Computing Device Tracker for the first quarter of 2023, Dell’s market share declined to 16.7% from 17.1% in the year-ago quarter. Per IDC data, Lenovo LNVGY continued to dominate in terms of market share and PC shipment, trailed by HP HPQ and DELL.
Lenovo and Apple AAPL lost market share, while HP gained market share that came to 21.1% from 19.7% in the year-ago quarter. Lenovo’s market share came down to 22.4% from 22.8% in the year-ago quarter. Apple registered its market share at 7.2% compared with the year-ago quarter’s 8.6%.
In terms of PC shipments, Lenovo, HP, Apple and Dell were down 30.3%, 24.2%, 40.5%, and 31%, respectively.
Operating Details
Dell’s fiscal first-quarter non-GAAP gross profit fell 13% year over year to $5.16 billion. The gross margin expanded 200 basis points (bps) year over year to 24.7%.
SG&A expenses declined 8% year over year to $3.26 billion. Research and development expenses were up 1% year over year to $688 million in the reported quarter.
Non-GAAP operating expenses declined 6% year over year to $3.57 billion. Operating expenses, as a percentage of revenues, increased 260 bps on a year-over-year basis to 17.1%.
The non-GAAP operating income was $1.6 billion, down 25% year over year. The operating margin contracted 60 bps year over year to 7.6%.
The ISG segment’s operating income decreased 32% year over year to $740 million. Meanwhile, the CSG segment’s operating income was $892 million, down 20% year over year.
Balance Sheet
As of May 5, 2023, DELL had $9.2 billion in cash and investments. Debt was $28.43 billion as of May 5, 2023.
This Zacks Rank #3 (Hold) company returned $527 million to its shareholders through a combination of share repurchases and dividends.
Guidance
For the second quarter of fiscal 2024, Dell expects revenues between $20.2 billion and $21.2 billion, down 21.6% year over year at the mid-point, with ISG down in the low single digits sequentially. The company expects roughly 200 bps negative impact of unfavourable forex on revenues.
Dell expects earnings in the range of $1 to $1.20 per share, down 34.5% year over year at the midpoint for the fiscal second quarter.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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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.
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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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Per IDC data, Lenovo LNVGY continued to dominate in terms of market share and PC shipment, trailed by HP HPQ and DELL. Dell Technologies DELL reported non-GAAP earnings of $1.31 per share in first-quarter fiscal 2024, beating the Zacks Consensus Estimate by 50.57%. Dell shares were down 3.1% in after-hours trading following the results.
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Dell Technologies DELL reported non-GAAP earnings of $1.31 per share in first-quarter fiscal 2024, beating the Zacks Consensus Estimate by 50.57%. Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote The company suffered from lower PC shipments in the reported quarter. 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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Guidance For the second quarter of fiscal 2024, Dell expects revenues between $20.2 billion and $21.2 billion, down 21.6% year over year at the mid-point, with ISG down in the low single digits sequentially. Dell expects earnings in the range of $1 to $1.20 per share, down 34.5% year over year at the midpoint for the fiscal second quarter. 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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Dell Technologies DELL reported non-GAAP earnings of $1.31 per share in first-quarter fiscal 2024, beating the Zacks Consensus Estimate by 50.57%. Dell shares were down 3.1% in after-hours trading following the results. Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote The company suffered from lower PC shipments in the reported quarter.
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f7efed68-0898-4269-b966-69fa39643317
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725479.0
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2023-06-02 00:00:00 UTC
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Dell Tops Q1 Estimates but Fails to Deliver on Guidance
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DELL
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https://www.nasdaq.com/articles/dell-tops-q1-estimates-but-fails-to-deliver-on-guidance
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Computer hardware giant Dell Technologies (NYSE: DELL) exceeded Wall Street's expectations for its fiscal first quarter, driving a brief rise in Dell stock. The Texas-based company reported adjusted earnings of $1.31 per share on sales of $20.92 billion for the first quarter. Analysts had projected Dell earnings of 86 cents per share on sales of $20.27 billion. Dell's earnings declined by 29% compared to the previous year, while sales decreased by almost 20%.
Dell's co-chief operating officer, Chuck Whitten, expressed satisfaction with the company's performance despite a challenging economic environment. He stated in a news release, "We executed well against a challenging economic backdrop. We maintained pricing discipline, reduced operating expenses, and our supply chain continued to perform well after normalizing ahead of competitors."
Dell Technologies Tops Analyst Estimates but Fail to Deliver on Guidance
Trading Dell Technologies stock temporarily halted before the release of the results, which unexpectedly occurred during the regular trading session instead of after the market closed. When trading resumed, Dell shares surged higher by over 4%. However, shares later pulled back to a 1.45% gain at the market close before experiencing a decline in the extended session.
The drop in the after-hours session followed a conference call during which executives predicted a potential sales decline of similar magnitude for the current quarter.
Yvonne McGill, Dell's future chief financial officer, guided for revenue of $20.2 billion to $21.2 billion, while analysts had an average expectation of $21.19 billion. McGill also noted that potential pricing actions could impact profitability, as a more competitive pricing environment will occur due to inventory normalization across the supply chain.
Dell's infrastructure solutions group saw sales of $7.6 billion, reflecting an 18% decline. This division focuses on selling servers, storage and networking gear. Its client solutions group, responsible for desktop and notebook PC sales, reported sales of $12 billion, down 23%.
The PC segment, the client solutions group, saw quarterly revenue of $11.98 billion, down from $15.59 billion the previous year but still surpassing analysts' average expectation of $11.41 billion.
Analyst Ratings and Insider Selling
Dell has a consensus analyst rating of "moderate buy" based on 16 analyst ratings. The consensus price target of $49.31 implies an 8.45% upside. While price targets for Dell have steadily declined over the past year, along with its share price, 11 analysts have the company at a "buy," with five issuing a "hold."
The current insider ownership of Dell is 48.60%, which has been declining steadily over the years. In the previous 12 months, five insiders have sold $32.52 million worth of stock.
Is Now the Right Time to Invest in Dell?
As new challenges facing the company, like supply issues and increasing demand for smartphones and tablets as opposed to PCs, things might get worse before they get better for Dell.
After briefly trading above the critical resistance of $46, shares of Dell failed to establish newfound support and are now trading around $44, back below resistance. A move over $46, sustained with higher lows and buyers stepping up, could have created optimism and signaled a change in sentiment. However, in the short term, investors appear to remain cautious about the name, with the stock failing to impress on earnings and taking out prior resistance.
With Dell lagging behind the overall market and tech sector, shares of the tech giant look poised to continue to underperform, and investors might be better off looking elsewhere for a return.
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 co-chief operating officer, Chuck Whitten, expressed satisfaction with the company's performance despite a challenging economic environment. As new challenges facing the company, like supply issues and increasing demand for smartphones and tablets as opposed to PCs, things might get worse before they get better for Dell. Computer hardware giant Dell Technologies (NYSE: DELL) exceeded Wall Street's expectations for its fiscal first quarter, driving a brief rise in Dell stock.
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Analyst Ratings and Insider Selling Dell has a consensus analyst rating of "moderate buy" based on 16 analyst ratings. While price targets for Dell have steadily declined over the past year, along with its share price, 11 analysts have the company at a "buy," with five issuing a "hold." Computer hardware giant Dell Technologies (NYSE: DELL) exceeded Wall Street's expectations for its fiscal first quarter, driving a brief rise in Dell stock.
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Computer hardware giant Dell Technologies (NYSE: DELL) exceeded Wall Street's expectations for its fiscal first quarter, driving a brief rise in Dell stock. Dell Technologies Tops Analyst Estimates but Fail to Deliver on Guidance Trading Dell Technologies stock temporarily halted before the release of the results, which unexpectedly occurred during the regular trading session instead of after the market closed. While price targets for Dell have steadily declined over the past year, along with its share price, 11 analysts have the company at a "buy," with five issuing a "hold."
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Dell Technologies Tops Analyst Estimates but Fail to Deliver on Guidance Trading Dell Technologies stock temporarily halted before the release of the results, which unexpectedly occurred during the regular trading session instead of after the market closed. While price targets for Dell have steadily declined over the past year, along with its share price, 11 analysts have the company at a "buy," with five issuing a "hold." After briefly trading above the critical resistance of $46, shares of Dell failed to establish newfound support and are now trading around $44, back below resistance.
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998778bb-fc7d-44c0-aa4e-212c83864031
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725480.0
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2023-06-01 00:00:00 UTC
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Dell's quarterly revenue drops 20% on weak PC demand
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DELL
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https://www.nasdaq.com/articles/dells-quarterly-revenue-drops-20-on-weak-pc-demand-0
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nan
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nan
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Add details on share movement
June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment.
Its shares were halted after the company announced results during regular trading hours, even though they were scheduled for after markets closed.
Recent earnings from rivals HP Inc HPQ.N and Lenovo Group 0992.HK had also suggested that a recovery remains distant as an uncertain economy threatens the sector's key enterprise customer base and worsens inventory pile-ups.
For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data.
The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.
Net income attributable came in at $578 million, or 79 cents per share, compared with $1.07 billion, or $1.37 per share, a year earlier.
(Reporting by Mariam Sunny and Pratyush Thakur in Bengaluru; Editing by Devika Syamnath)
((Mariam.ESunny@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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Add details on share movement June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. Its shares were halted after the company announced results during regular trading hours, even though they were scheduled for after markets closed.
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Add details on share movement June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.
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Add details on share movement June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.
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Add details on share movement June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. Its shares were halted after the company announced results during regular trading hours, even though they were scheduled for after markets closed.
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f2a92d98-54c2-4a93-9d05-c6dd4440f6be
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725481.0
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2023-06-01 00:00:00 UTC
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Why Dell Technologies Stock Topped the Market on Thursday
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DELL
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https://www.nasdaq.com/articles/why-dell-technologies-stock-topped-the-market-on-thursday
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nan
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What happened
The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday. Following the release of the storied computer hardware retailer's latest quarterly results Thursday, market players bid up the stock by 1.5%. That contrasted favorably with the 0.6% decline of the S&P 500 index.
So what
Dell reported its first-quarter results of fiscal 2024, revealing that it earned revenue of $20.9 billion. That was down 20% on a year-over-year basis, but that topped the average analyst estimate of $20.3 billion.
The dynamic was similar with non-GAAP (adjusted) net income, which tumbled by 33% to $963 million ($1.31 per share) but still beat the prognosticator consensus ($0.86).
Dell's co-COO Chuck Whitten explained that "We executed well against a challenging economic backdrop. We maintained pricing discipline, reduced operating expenses, and our supply chain continued to perform well after normalizing ahead of competitors."
Now what
But Dell is sailing in rough waters. It has been burdened by the supply issues suffered by many tech businesses, and it continues to struggle in a world increasingly eager for devices such as smartphones and tablets. During the quarter, both of the company's two divisions experienced double-digit declines in both revenue and operating income.
More tumbles might be in store. On average, analysts tracking Dell stock expect the company to post a 15% drop in revenue for full-year 2024 against the 2023 figure. As for profitability, those pundits are modeling a vertigo-inducing 30% tumble for per-share earnings.
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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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What happened The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday. So what Dell reported its first-quarter results of fiscal 2024, revealing that it earned revenue of $20.9 billion. Dell's co-COO Chuck Whitten explained that "We executed well against a challenging economic backdrop.
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What happened The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday. On average, analysts tracking Dell stock expect the company to post a 15% drop in revenue for full-year 2024 against the 2023 figure. So what Dell reported its first-quarter results of fiscal 2024, revealing that it earned revenue of $20.9 billion.
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On average, analysts tracking Dell stock expect the company to post a 15% drop in revenue for full-year 2024 against the 2023 figure. 10 stocks we like better than Dell Technologies When our analyst team has a stock tip, it can pay to listen. What happened The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday.
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So what Dell reported its first-quarter results of fiscal 2024, revealing that it earned revenue of $20.9 billion. 10 stocks we like better than Dell Technologies When our analyst team has a stock tip, it can pay to listen. What happened The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday.
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8bd1c889-93b3-4bf6-b0ae-afd43c978b9d
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725482.0
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2023-06-01 00:00:00 UTC
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Dell's quarterly revenue drops 20% on weak PC demand
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DELL
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https://www.nasdaq.com/articles/dells-quarterly-revenue-drops-20-on-weak-pc-demand
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nan
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nan
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June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment.
Recent earnings from rivals HP Inc HPQ.N and Lenovo Group 0992.HK had also suggested that a recovery remains distant as an uncertain economy threatens the sector's key enterprise customer base and worsens inventory pile-ups.
For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data.
The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.
Net income attributable came in at $578 million, or 79 cents per share, compared with $1.07 billion, or $1.37 per share, a year earlier.
(Reporting by Mariam Sunny and Pratyush Thakur in Bengaluru; Editing by Devika Syamnath)
((Mariam.ESunny@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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June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. Recent earnings from rivals HP Inc HPQ.N and Lenovo Group 0992.HK had also suggested that a recovery remains distant as an uncertain economy threatens the sector's key enterprise customer base and worsens inventory pile-ups.
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June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.
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June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.
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June 1 (Reuters) - Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment. For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data. Recent earnings from rivals HP Inc HPQ.N and Lenovo Group 0992.HK had also suggested that a recovery remains distant as an uncertain economy threatens the sector's key enterprise customer base and worsens inventory pile-ups.
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df0a3350-3c5b-4f21-8fc3-4545e0d03426
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725483.0
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2023-06-01 00:00:00 UTC
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Compared to Estimates, Dell Technologies (DELL) Q1 Earnings: A Look at Key Metrics
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DELL
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https://www.nasdaq.com/articles/compared-to-estimates-dell-technologies-dell-q1-earnings%3A-a-look-at-key-metrics
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nan
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For the quarter ended April 2023, Dell Technologies (DELL) reported revenue of $20.92 billion, down 19.9% over the same period last year. EPS came in at $1.31, compared to $1.84 in the year-ago quarter.
The reported revenue represents a surprise of +3.86% over the Zacks Consensus Estimate of $20.15 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +50.58%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Client Solutions Group: $11.98 billion compared to the $11.39 billion average estimate based on three analysts. The reported number represents a change of -23.1% year over year.
Net Revenue- Infrastructure Solutions Group: $7.59 billion compared to the $7.59 billion average estimate based on three analysts. The reported number represents a change of -18.2% year over year.
Net Revenue- Other businesses: $1.34 billion versus the three-analyst average estimate of $1.28 billion.
Net Revenue- Client Solutions Group- Consumer: $2.12 billion compared to the $2.24 billion average estimate based on three analysts.
Net Revenue- Infrastructure Solutions Group- Storage: $3.76 billion versus the three-analyst average estimate of $3.98 billion.
Net Revenue- Client Solutions Group- Commercial: $9.86 billion versus $9.15 billion estimated by three analysts on average.
Net Revenue- Infrastructure Solutions Group- Servers and networking: $3.84 billion compared to the $3.62 billion average estimate based on three analysts.
Operating Income- Client Solutions Group: $892 million compared to the $676.50 million average estimate based on two analysts.
Operating Income- Infrastructure Solutions Group: $740 million versus the two-analyst average estimate of $769.87 million.
View all Key Company Metrics for Dell Technologies here>>>
Shares of Dell Technologies have returned -0.8% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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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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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $11.98 billion compared to the $11.39 billion average estimate based on three analysts. For the quarter ended April 2023, Dell Technologies (DELL) reported revenue of $20.92 billion, down 19.9% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $11.98 billion compared to the $11.39 billion average estimate based on three analysts. For the quarter ended April 2023, Dell Technologies (DELL) reported revenue of $20.92 billion, down 19.9% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
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Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $11.98 billion compared to the $11.39 billion average estimate based on three analysts. For the quarter ended April 2023, Dell Technologies (DELL) reported revenue of $20.92 billion, down 19.9% over the same period last year. View all Key Company Metrics for Dell Technologies here>>>
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For the quarter ended April 2023, Dell Technologies (DELL) reported revenue of $20.92 billion, down 19.9% over the same period last year. Here is how Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Client Solutions Group: $11.98 billion compared to the $11.39 billion average estimate based on three analysts. View all Key Company Metrics for Dell Technologies here>>>
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216f0186-3b22-4f81-b627-843f047a0e85
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725484.0
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2023-06-01 00:00:00 UTC
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After-Hours Earnings Report for June 1, 2023 : AVGO, VMW, LULU, MDB, ZS, COO, DELL, FIVE, ESTC, GWRE, S, CHPT
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-june-1-2023-%3A-avgo-vmw-lulu-mdb-zs-coo-dell-five-estc-gwre
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The following companies are expected to report earnings after hours on 06/01/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Broadcom Inc. (AVGO)is reporting for the quarter ending April 30, 2023. The electric company company's consensus earnings per share forecast from the 11 analysts that follow the stock is $9.35. This value represents a 11.44% increase compared to the same quarter last year. In the past year AVGO has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.8%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AVGO is 21.14 vs. an industry ratio of -2.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Vmware, Inc. (VMW)is reporting for the quarter ending April 30, 2023. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.00. This value represents a 40.85% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for VMW is 27.87 vs. an industry ratio of 22.80, implying that they will have a higher earnings growth than their competitors in the same industry.
lululemon athletica inc. (LULU)is reporting for the quarter ending April 30, 2023. The textile company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.97. This value represents a 33.11% increase compared to the same quarter last year. In the past year LULU has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.53%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for LULU is 28.57 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
MongoDB, Inc. (MDB)is reporting for the quarter ending April 30, 2023. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-1.05. This value represents a 8.70% increase compared to the same quarter last year. MDB missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -11.18%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MDB is -72.72 vs. an industry ratio of -17.00.
Zscaler, Inc. (ZS)is reporting for the quarter ending April 30, 2023. The internet services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.27. This value represents a 55.74% increase compared to the same quarter last year. In the past year ZS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 18.6%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ZS is -113.85 vs. an industry ratio of 15.60.
The Cooper Companies, Inc. (COO)is reporting for the quarter ending April 30, 2023. The medical/dental supplies company's consensus earnings per share forecast from the 9 analysts that follow the stock is $3.01. This value represents a 7.10% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for COO is 29.16 vs. an industry ratio of 27.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2023. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.59. This value represents a 64.02% decrease compared to the same quarter last year. In the past year DELL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 12.32%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 10.57 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Five Below, Inc. (FIVE)is reporting for the quarter ending April 30, 2023. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.62. This value represents a 5.08% increase compared to the same quarter last year. FIVE missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -3.9%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for FIVE is 30.86 vs. an industry ratio of 8.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Elastic N.V. (ESTC)is reporting for the quarter ending April 30, 2023. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.41. This value represents a 35.94% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ESTC is -38.53 vs. an industry ratio of -13.60.
Guidewire Software, Inc. (GWRE)is reporting for the quarter ending April 30, 2023. The business software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.44. This value represents a 27.87% increase compared to the same quarter last year. GWRE missed the consensus earnings per share in the 1st calendar quarter of 2023 by -43.59%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GWRE is -47.69 vs. an industry ratio of 9.70.
SentinelOne, Inc. (S)is reporting for the quarter ending April 30, 2023. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.33. This value represents a no change for the same quarter last year. In the past year S has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 11.76%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for S is -18.12 vs. an industry ratio of 9.20.
ChargePoint Holdings, Inc. (CHPT)is reporting for the quarter ending April 30, 2023. The auto (truck) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.23. This value represents a 11.54% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CHPT is -13.81 vs. an industry ratio of 9.10.
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 reporting for the quarter ending April 30, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 10.57 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 10.57 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 10.57 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2023. In the past year DELL has beat the expectations every quarter.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2023. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DELL is 10.57 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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0033b03c-d88b-4c11-a769-d3cb19562264
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725485.0
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2023-05-31 00:00:00 UTC
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Why Advanced Micro Devices, Taiwan Semiconductor Manufacturing, and Dell Technologies Plunged Today
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DELL
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https://www.nasdaq.com/articles/why-advanced-micro-devices-taiwan-semiconductor-manufacturing-and-dell-technologies
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nan
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nan
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What happened
Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. ET.
None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets.
Moreover, the entire semiconductor sector has been on fire in the month of May, in the wake of Nvidia's (NASDAQ: NVDA) blowout guidance on May 25 and hype around artificial intelligence. So, it wasn't a surprise to see these stocks have a pullback as news from a non-Nvidia peer underwhelmed.
So what
Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed. Both companies were each part of the old HP, which split into two companies back in 2015. Today, HP Inc. holds the printer and PC businesses, while Hewlett Packard Enterprise holds the enterprise server and services businesses.
Unfortunately, both companies reported downbeat earnings and guidance last night, taking the steam out of some of the recent AI-related enthusiasm for chip stocks.
HP Inc. reported a rather sizable 21.7% decline in revenue last quarter on the back of a brutal 29% decline in PC sales, as the historic post-pandemic PC slump continues. Revenue missed expectations, while earnings managed to beat expectations on the back of management's cost-cutting efforts. Meanwhile, HP Enterprise also surprised to the downside, with a 3.9% increase in revenue missing expectations. Its full-year outlook was also underwhelming, with revenue projected between $6.7 billion to $7.2 billion, much lower than consensus estimates of $7.24 billion.
All three of the above companies are highly leveraged to both the PC and server segments of the economy, so it's not surprising each fell on the back of the HP companies' underwhelming news. Advanced Micro Devices makes both CPUs and GPUs for both PCs and enterprise servers, and Dell is configured like the old "united" HP, with both a PC and enterprise-server division under one roof. Meanwhile, as the largest outsourced foundry in the world, and with a lead in manufacturing leading-edge chips, TSMC is also highly exposed to PCs and servers as well. Last quarter, TSMC's high-performance computing division, spanning both PC and server chips, comprised 44% of revenue, the foundry's largest overall segment.
In addition to the HP companies' news, investors also appeared to take a break from focusing on AI and shifting back to macroeconomic storm clouds. This morning, the April Job Openings and Labor Turnover Survey, or JOLTS report, came out, showing an unexpected rise in the number of openings to 10.1 million, while the March numbers were revised higher from 9.59 million to 9.75 million.
Normally, more jobs would be a good thing, but since the Federal Reserve is desperately trying to contain inflation, a hot economy is actually not what most would like to see. That's because a tight jobs market could continue to bolster inflation, which could lead the Federal Reserve to hike interest rates more than thought. Tech stocks tend to be grouped in the "growth stock" camp, so they tend to sell off when inflation rears its head and expectations for rate hikes move upward.
Now what
With their recent run-up, some profit-taking in semiconductor stocks was somewhat inevitable, and HP's results along with the surprise JOLTS number seemed to give investors an excuse to sell today.
It's an odd time for the semiconductor sector, as there are severe headwinds across a large part of the industry. However, that is running into the beginning of the AI era, which could lead to a boom in chip stocks leveraged to that trend. For instance, while AI should boost servers, AI-related servers only make up a little less than 10% of all servers sold today, according to Trendforce. So, there are bound to be mixed signals from industry leaders in the near term.
On the other hand, looking beyond this downturn, the chip industry should broadly benefit from AI. For instance, even both HP companies noted AI as a potential tailwind longer term. HPE's management highlighted revenues for intelligent edge servers grew 50% last quarter, even as general compute servers fell. Meanwhile, HPQ's management noted it was working on a new AI architecture for PCs to run high-performance workloads outside the cloud. Those new models should be available in 2024.
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Billy Duberstein has positions in Taiwan Semiconductor Manufacturing. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, HP, Nvidia, and Taiwan Semiconductor Manufacturing. 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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Advanced Micro Devices makes both CPUs and GPUs for both PCs and enterprise servers, and Dell is configured like the old "united" HP, with both a PC and enterprise-server division under one roof. What happened Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets.
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What happened Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. Advanced Micro Devices makes both CPUs and GPUs for both PCs and enterprise servers, and Dell is configured like the old "united" HP, with both a PC and enterprise-server division under one roof. So what Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed.
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Advanced Micro Devices makes both CPUs and GPUs for both PCs and enterprise servers, and Dell is configured like the old "united" HP, with both a PC and enterprise-server division under one roof. What happened Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets.
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What happened Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. Advanced Micro Devices makes both CPUs and GPUs for both PCs and enterprise servers, and Dell is configured like the old "united" HP, with both a PC and enterprise-server division under one roof. Both companies were each part of the old HP, which split into two companies back in 2015.
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853282e0-6af8-4f14-a7f2-65d3d6e9a4d8
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725486.0
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2023-05-30 00:00:00 UTC
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HP misses revenue estimates as inflation saps PC demand
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DELL
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https://www.nasdaq.com/articles/hp-misses-revenue-estimates-as-inflation-saps-pc-demand
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nan
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nan
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Adds shares in first paragraph
May 30 (Reuters) - HP Inc HPQ.N missed Wall Street targets for second-quarter revenue on Tuesday asinflation-hit customersspent less on the company's personal computers, sending its shares down nearly 3% in extended trading.
Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices.
Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC.
Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall.
HP said it expects second-half revenue to be higher than the first half, even though the year-on-year comparison will still be negative.
"From a demand perspective, especially on the consumer side, the second half is stronger," said CEO Enrique Lores in an interview with Reuters.
The PC maker now expects annual adjusted profit between $3.30 per share and $3.50 per share, compared with $3.20 to $3.60 forecast earlier.
California-based HP's second-quarter revenue was $12.91 billion. Analysts were expecting $13.07 billion, according to Refinitiv data.
On an adjusted basis, HP earned 80 cents per share, compared with expectations of 76 cents.
(Reporting by Tiyashi Datta in Bengaluru and Jeffery Dastin in Palo Alto; Editing by Devika Syamnath)
((tiyashi.datta@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 Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC. "From a demand perspective, especially on the consumer side, the second half is stronger," said CEO Enrique Lores in an interview with Reuters.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall. California-based HP's second-quarter revenue was $12.91 billion.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. Adds shares in first paragraph May 30 (Reuters) - HP Inc HPQ.N missed Wall Street targets for second-quarter revenue on Tuesday asinflation-hit customersspent less on the company's personal computers, sending its shares down nearly 3% in extended trading. The PC maker now expects annual adjusted profit between $3.30 per share and $3.50 per share, compared with $3.20 to $3.60 forecast earlier.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. The PC maker now expects annual adjusted profit between $3.30 per share and $3.50 per share, compared with $3.20 to $3.60 forecast earlier. California-based HP's second-quarter revenue was $12.91 billion.
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a6baa8f1-e0e9-428c-8c59-877f140e4fdd
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725487.0
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2023-05-30 00:00:00 UTC
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HP misses quarterly revenue estimates as inflation saps PC demand
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DELL
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https://www.nasdaq.com/articles/hp-misses-quarterly-revenue-estimates-as-inflation-saps-pc-demand
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nan
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nan
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May 30 (Reuters) - HP Inc HPQ.N on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets.
Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices.
Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC.
Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall.
HP said it expects second-half revenue to be higher than the first half, even though the year-on-year comparison will still be negative.
"From a demand perspective, especially on the consumer side, the second half is stronger," said CEO Enrique Lores in an interview with Reuters.
The PC maker now expects annual adjusted profit between $3.30 per share and $3.50 per share, compared with $3.20 to $3.60 forecast earlier.
California-based HP's second-quarter revenue was $12.91 billion. Analysts were expecting $13.07 billion, according to Refinitiv data.
Net income for the quarter ended April 30 rose to $1.1 billion, or $1.07 per share, compared with $1.0 billion, or 94 cents per share, a year ago.
(Reporting by Tiyashi Datta in Bengaluru and Jeffery Dastin in Palo Alto; Editing by Devika Syamnath)
((tiyashi.datta@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 Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. May 30 (Reuters) - HP Inc HPQ.N on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets. Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall. California-based HP's second-quarter revenue was $12.91 billion.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. May 30 (Reuters) - HP Inc HPQ.N on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets. Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall.
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Companies such as HP, Lenovo 0992.HK and Dell Technologies Inc DELL.N have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. California-based HP's second-quarter revenue was $12.91 billion. Net income for the quarter ended April 30 rose to $1.1 billion, or $1.07 per share, compared with $1.0 billion, or 94 cents per share, a year ago.
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ffc92003-7ad5-4291-a5db-7f01a1bbc504
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725488.0
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2023-05-30 00:00:00 UTC
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Notable Tuesday Option Activity: DELL, CAH, SBUX
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DELL
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-dell-cah-sbux
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 18,147 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 46.6% of DELL's average daily trading volume over the past month of 3.9 million shares. Particularly high volume was seen for the $65 strike call option expiring July 21, 2023, with 6,057 contracts trading so far today, representing approximately 605,700 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $65 strike highlighted in orange:
Cardinal Health, Inc. (Symbol: CAH) options are showing a volume of 9,205 contracts thus far today. That number of contracts represents approximately 920,500 underlying shares, working out to a sizeable 46.5% of CAH's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $85 strike call option expiring June 02, 2023, with 3,570 contracts trading so far today, representing approximately 357,000 underlying shares of CAH. Below is a chart showing CAH's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Starbucks Corp. (Symbol: SBUX) saw options trading volume of 32,444 contracts, representing approximately 3.2 million underlying shares or approximately 46.2% of SBUX's average daily trading volume over the past month, of 7.0 million shares. Especially high volume was seen for the $85 strike put option expiring January 19, 2024, with 1,962 contracts trading so far today, representing approximately 196,200 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange:
For the various different available expirations for DELL options, CAH options, or SBUX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
NL Historical Stock Prices
JJC Options Chain
Funds Holding AYR
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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Particularly high volume was seen for the $65 strike call option expiring July 21, 2023, with 6,057 contracts trading so far today, representing approximately 605,700 underlying shares of DELL. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 18,147 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 46.6% of DELL's average daily trading volume over the past month of 3.9 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $65 strike highlighted in orange: Cardinal Health, Inc. (Symbol: CAH) options are showing a volume of 9,205 contracts thus far today. Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: For the various different available expirations for DELL options, CAH options, or SBUX options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 18,147 contracts have traded so far, representing approximately 1.8 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 18,147 contracts have traded so far, representing approximately 1.8 million underlying shares. Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: For the various different available expirations for DELL options, CAH options, or SBUX options, visit StockOptionsChannel.com. That amounts to about 46.6% of DELL's average daily trading volume over the past month of 3.9 million shares.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $85 strike highlighted in orange: For the various different available expirations for DELL options, CAH options, or SBUX options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 18,147 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 46.6% of DELL's average daily trading volume over the past month of 3.9 million shares.
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dfe4bd94-6529-4127-8f09-1b47f0ac25a5
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725489.0
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2023-05-30 00:00:00 UTC
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Dell Technologies (DELL) to Post Q1 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-to-post-q1-earnings%3A-whats-in-store-0
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nan
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nan
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Dell Technologies DELL is set to report its first-quarter fiscal 2024 results on Jun 1.
Dell expects fiscal first-quarter revenues in the range of $20-$21 billion, suggesting a 21.5% decline on a year-over-year basis at the midpoint. Earnings are expected between positive 80 cents and negative 15 cents per share, down 82% on a year-over-year basis at the midpoint.
The Zacks Consensus Estimate for revenues is pegged at $20.2 billion, suggesting a 22.65% decline from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at 86 cents per share, indicating a 53.26% decline from the year-ago quarter’s figure. The consensus estimate for earnings has remained unchanged in the past 30 days.
Dell Technologies Inc. Price and EPS Surprise
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Dell's earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. The company delivered a trailing four-quarter earnings surprise of 22.48% on average.
Let's see how things have shaped up for DELL before this announcement.
Factors to Watch
Dell is expected to have benefited from the ongoing digital transformation and continued investment in innovation in the to-be-reported quarter.
However, unfavorable foreign exchange is expected to have been a headwind. Dell expects nearly 300 basis points impact on revenues.
Challenging macro environment and cautious storage spending are expected to have hurt Infrastructure Solutions Group’s (ISG) growth in the to-be-reported quarter. Lengthening sales cycles is expected to have hurt the top line. Dell expects ISG revenues to fall sequentially in the mid-20s.
Client Solutions Group (CSG) revenues are expected to have suffered from declining PC demand, both in the customer and enterprise business segments. Dell expects CSG revenues to fall sequentially in the mid-teens.
Per the Gartner report, worldwide PC shipments in the first quarter of 2023 witnessed a year-over-year decline of 30%, reaching 55.2 million units. Dell was ranked third among all PC vendors, trailing Lenovo LNVGY and HP HPQ, but beating Apple AAPL.
This Zacks Rank #3 (Hold) company shipped 9.541 million units, witnessing a 30.9% year-over-year decline in the first quarter of 2023, per the Gartner report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lenovo, HP and Apple shipped 12.828 million, 12.019 million and 4.819 million units, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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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Factors to Watch Dell is expected to have benefited from the ongoing digital transformation and continued investment in innovation in the to-be-reported quarter. Dell Technologies DELL is set to report its first-quarter fiscal 2024 results on Jun 1. Dell expects fiscal first-quarter revenues in the range of $20-$21 billion, suggesting a 21.5% decline on a year-over-year basis at the midpoint.
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Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Dell's earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. 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 is set to report its first-quarter fiscal 2024 results on Jun 1.
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Dell expects fiscal first-quarter revenues in the range of $20-$21 billion, suggesting a 21.5% decline on a year-over-year basis at the midpoint. Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Dell's earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. 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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Dell expects fiscal first-quarter revenues in the range of $20-$21 billion, suggesting a 21.5% decline on a year-over-year basis at the midpoint. Dell Technologies DELL is set to report its first-quarter fiscal 2024 results on Jun 1. Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Dell's earnings beat the Zacks Consensus Estimate in all of the trailing four quarters.
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875ae875-6208-4738-922f-d50adee8c115
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725490.0
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2023-05-30 00:00:00 UTC
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Dell Q1 Preview: Another Quarter of Weak Sales
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DELL
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https://www.nasdaq.com/articles/dell-q1-preview%3A-another-quarter-of-weak-sales
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nan
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nan
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Computer hardware maker and storage and networking solutions provider Dell Technologies (NYSE:DELL) will report its first quarter financial results for Fiscal 2024 on June 1, 2023. DELL stock has rebounded on hopes of an impending cyclical bottom in the PC/Server market. However, economic uncertainty and a slowdown in IT spending could hurt its Q1 financials, especially the Client Solutions Group (CSG) segment.
During the Q4 Fiscal 2023 conference call, Dell stated it expects its top line to decline sequentially. The company said that due to weak demand trends, Q1 revenue could be seasonally lower than average and decline by 17% to 21%.
This reflects an adverse impact of 3% from currency movements. Further, the company expects its Infrastructure Solutions Group (ISG) segment to decline quarter-over-quarter in the mid-20s. Meanwhile, CSG revenue could drop by a mid-teens rate in Q1.
Overall, analysts expect DELL to post revenue of $20.27 billion, reflecting a year-over-year and sequential decline of 22% and 19%, respectively.
Despite the weakness in sales, its gross margin could stay flat on a quarter-over-quarter basis. Further, the company expects its Q1 EPS to be $0.80, plus or minus $0.15.
The guidance reflects a steep sequential decline due to the weakness in its top line. Wall Street analysts expect DELL to post earnings of $0.86 per share, compared to EPS of $1.84 in the prior year quarter and $1.80 in the previous quarter.
Ahead of Q1 earnings, on May 19, Evercore ISI analyst Amit Daryanani raised DELL’s price target to $55 from $50. Daryanani is bullish about the stock and added it to the firm’s “Tactical Outperform” list. The analyst expects DELL to meet or slightly exceed consensus estimates in Q1. Further, Daryanani sees stabilization and recovery in the PC market in the coming quarters.
While Daryanani is optimistic, let’s check what the consensus rating indicates about DELL stock.
Is Dell a Buy or Sell?
DELL stock has 10 Buy and two Hold recommendations for a Strong Buy consensus rating ahead of Q1 earnings. However, its average price target of $48.29 implies 0.45% downside potential.
Disclosure
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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Overall, analysts expect DELL to post revenue of $20.27 billion, reflecting a year-over-year and sequential decline of 22% and 19%, respectively. Ahead of Q1 earnings, on May 19, Evercore ISI analyst Amit Daryanani raised DELL’s price target to $55 from $50. Computer hardware maker and storage and networking solutions provider Dell Technologies (NYSE:DELL) will report its first quarter financial results for Fiscal 2024 on June 1, 2023.
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Overall, analysts expect DELL to post revenue of $20.27 billion, reflecting a year-over-year and sequential decline of 22% and 19%, respectively. Wall Street analysts expect DELL to post earnings of $0.86 per share, compared to EPS of $1.84 in the prior year quarter and $1.80 in the previous quarter. Computer hardware maker and storage and networking solutions provider Dell Technologies (NYSE:DELL) will report its first quarter financial results for Fiscal 2024 on June 1, 2023.
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Computer hardware maker and storage and networking solutions provider Dell Technologies (NYSE:DELL) will report its first quarter financial results for Fiscal 2024 on June 1, 2023. Overall, analysts expect DELL to post revenue of $20.27 billion, reflecting a year-over-year and sequential decline of 22% and 19%, respectively. Wall Street analysts expect DELL to post earnings of $0.86 per share, compared to EPS of $1.84 in the prior year quarter and $1.80 in the previous quarter.
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Overall, analysts expect DELL to post revenue of $20.27 billion, reflecting a year-over-year and sequential decline of 22% and 19%, respectively. While Daryanani is optimistic, let’s check what the consensus rating indicates about DELL stock. Computer hardware maker and storage and networking solutions provider Dell Technologies (NYSE:DELL) will report its first quarter financial results for Fiscal 2024 on June 1, 2023.
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79bf3e1a-0029-4d9f-8bec-90ca468336a4
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725491.0
|
2023-05-29 00:00:00 UTC
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Analysts Estimate SAIC (SAIC) to Report a Decline in Earnings: What to Look Out for
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DELL
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https://www.nasdaq.com/articles/analysts-estimate-saic-saic-to-report-a-decline-in-earnings%3A-what-to-look-out-for-0
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nan
|
nan
|
SAIC (SAIC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 5. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This information technology company is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of -9%.
Revenues are expected to be $1.92 billion, down 4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 1.98% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for SAIC?
For SAIC, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +5.26%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that SAIC will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that SAIC would post earnings of $1.63 per share when it actually produced earnings of $2.04, delivering a surprise of +25.15%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
SAIC doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
Among the stocks in the Zacks Computers - IT Services industry, Dell Technologies (DELL) is soon expected to post earnings of $0.86 per share for the quarter ended April 2023. This estimate indicates a year-over-year change of -53.3%. This quarter's revenue is expected to be $20.2 billion, down 22.7% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Dell Technologies has been revised 0.3% down to the current level. Nevertheless, the company now has an Earnings ESP of -7.16%, reflecting a lower Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Dell Technologies will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Science Applications International Corporation (SAIC) : 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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An Industry Player's Expected Results Among the stocks in the Zacks Computers - IT Services industry, Dell Technologies (DELL) is soon expected to post earnings of $0.86 per share for the quarter ended April 2023. Over the last 30 days, the consensus EPS estimate for Dell Technologies has been revised 0.3% down to the current level. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Dell Technologies will beat the consensus EPS estimate.
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When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Dell Technologies will beat the consensus EPS estimate. Click to get this free report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report To read this article on Zacks.com click here. An Industry Player's Expected Results Among the stocks in the Zacks Computers - IT Services industry, Dell Technologies (DELL) is soon expected to post earnings of $0.86 per share for the quarter ended April 2023.
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An Industry Player's Expected Results Among the stocks in the Zacks Computers - IT Services industry, Dell Technologies (DELL) is soon expected to post earnings of $0.86 per share for the quarter ended April 2023. Over the last 30 days, the consensus EPS estimate for Dell Technologies has been revised 0.3% down to the current level. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Dell Technologies will beat the consensus EPS estimate.
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When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Dell Technologies will beat the consensus EPS estimate. An Industry Player's Expected Results Among the stocks in the Zacks Computers - IT Services industry, Dell Technologies (DELL) is soon expected to post earnings of $0.86 per share for the quarter ended April 2023. Over the last 30 days, the consensus EPS estimate for Dell Technologies has been revised 0.3% down to the current level.
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dd505438-ab0a-4ecb-a5ad-b5f9afe4ec6b
|
725492.0
|
2023-05-26 00:00:00 UTC
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Paramount Global shares rise as major shareholder gets $125 mln investment deal
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DELL
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https://www.nasdaq.com/articles/paramount-global-shares-rise-as-major-shareholder-gets-%24125-mln-investment-deal
|
nan
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nan
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By Medha Singh and Chibuike Oguh
NEW YORK, May 26 (Reuters) - Shares of Paramount Global PARA.O rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm.
National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners - the private equity arm of Dell Inc DELL.N founder Michael Dell's investment company - to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday.
BDT Capital Partners will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
"The bull case is that the financial pressure will force PARA [Paramount Global] to find a buyer and shareholders will achieve private market value," Loop Capital analysts said as they upgraded the stock to "hold" from "sell".
Paramount Global shares, which have lost 12% year-to-date, rose 6.1% and were trading at $14.94 around noon on Friday.
Earlier this month, Paramount Global, one of National Amusements' biggest assets and its main cash cow, missed first-quarter revenue estimates and cut its dividend by 80% in an effort to save approximately $500 million, prompting multiple analysts to downgrade the company's target stock price.
Paramount Global has been looking to sell some its assets to raise capital amid a weak advertising market that has hit its TV business. The company is considering the possible divestment of its majority stake in BET Media Group and it is attempting another sale of book publisher Simon & Schuster, Reuters reported.
(Reporting by Chibuike Oguh in New York; Editing by Kirsten Donovan)
((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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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National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners - the private equity arm of Dell Inc DELL.N founder Michael Dell's investment company - to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday. By Medha Singh and Chibuike Oguh NEW YORK, May 26 (Reuters) - Shares of Paramount Global PARA.O rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm. BDT Capital Partners will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
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National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners - the private equity arm of Dell Inc DELL.N founder Michael Dell's investment company - to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday. By Medha Singh and Chibuike Oguh NEW YORK, May 26 (Reuters) - Shares of Paramount Global PARA.O rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm. BDT Capital Partners will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
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National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners - the private equity arm of Dell Inc DELL.N founder Michael Dell's investment company - to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday. By Medha Singh and Chibuike Oguh NEW YORK, May 26 (Reuters) - Shares of Paramount Global PARA.O rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm. BDT Capital Partners will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
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National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners - the private equity arm of Dell Inc DELL.N founder Michael Dell's investment company - to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday. By Medha Singh and Chibuike Oguh NEW YORK, May 26 (Reuters) - Shares of Paramount Global PARA.O rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm. BDT Capital Partners will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
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8071197a-8d83-4b2d-90a1-781bf134afb7
|
725493.0
|
2023-05-25 00:00:00 UTC
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Earnings Preview: Dell Technologies (DELL) Q1 Earnings Expected to Decline
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DELL
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https://www.nasdaq.com/articles/earnings-preview%3A-dell-technologies-dell-q1-earnings-expected-to-decline
|
nan
|
nan
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The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on June 1, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This computer and technology services provider is expected to post quarterly earnings of $0.86 per share in its upcoming report, which represents a year-over-year change of -53.3%.
Revenues are expected to be $20.2 billion, down 22.7% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.28% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Dell Technologies?
For Dell Technologies, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -7.16%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Dell Technologies will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Dell Technologies would post earnings of $1.64 per share when it actually produced earnings of $1.80, delivering a surprise of +9.76%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Dell Technologies doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
C3.ai, Inc. (AI), another stock in the Zacks Computers - IT Services industry, is expected to report earnings per share of $0.17 for the quarter ended April 2023. This estimate points to a year-over-year change of +19.1%. Revenues for the quarter are expected to be $71.18 million, down 1.6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for C3.ai, Inc. has remained unchanged. Nevertheless, the company now has an Earnings ESP of 6.67%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that C3.ai, Inc. will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Dell Technologies Inc. (DELL) : Free Stock Analysis Report
C3.ai, Inc. (AI) : 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 market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2023. How Have the Numbers Shaped Up for Dell Technologies? For Dell Technologies, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects.
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The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2023. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report To read this article on Zacks.com click here. How Have the Numbers Shaped Up for Dell Technologies?
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For Dell Technologies, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2023. How Have the Numbers Shaped Up for Dell Technologies?
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The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2023. For the last reported quarter, it was expected that Dell Technologies would post earnings of $1.64 per share when it actually produced earnings of $1.80, delivering a surprise of +9.76%. How Have the Numbers Shaped Up for Dell Technologies?
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aa5d5bdb-7502-490d-bd92-ef9c841cd37e
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725494.0
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2023-05-25 00:00:00 UTC
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July 7th Options Now Available For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/july-7th-options-now-available-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 today, for the July 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new July 7th contracts and identified one put and one call contract of particular interest.
The put contract at the $44.00 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $44.00, but will also collect the premium, putting the cost basis of the shares at $43.15 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $47.20/share today.
Because the $44.00 strike represents an approximate 7% 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 99%. 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 1.93% return on the cash commitment, or 16.40% 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 $44.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $49.00 strike price has a current bid of $1.20. If an investor was to purchase shares of DELL stock at the current price level of $47.20/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $49.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.36% if the stock gets called away at the July 7th 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 $49.00 strike highlighted in red:
Considering the fact that the $49.00 strike represents an approximate 4% 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 2.54% boost of extra return to the investor, or 21.58% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $47.20) to be 38%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Canadian Stocks Crossing Below Book Value
Ameriprise Financial 13F Filers
Funds Holding TPVG
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 $49.00 strike highlighted in red: Considering the fact that the $49.00 strike represents an approximate 4% 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 today, for the July 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new July 7th 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 $49.00 strike highlighted in red: Considering the fact that the $49.00 strike represents an approximate 4% 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%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the July 7th expiration.
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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 $44.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $49.00 strike price has a current bid of $1.20. Below is a chart showing DELL's trailing twelve month trading history, with the $49.00 strike highlighted in red: Considering the fact that the $49.00 strike represents an approximate 4% 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 today, for the July 7th expiration.
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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 $44.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $49.00 strike price has a current bid of $1.20. Below is a chart showing DELL's trailing twelve month trading history, with the $49.00 strike highlighted in red: Considering the fact that the $49.00 strike represents an approximate 4% 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 today, for the July 7th expiration.
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a9aa78eb-2fba-4ef0-b682-656d4194162b
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725495.0
|
2023-05-25 00:00:00 UTC
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Chinese hackers that triggered US alarm hit defence targets -researchers
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DELL
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https://www.nasdaq.com/articles/chinese-hackers-that-triggered-us-alarm-hit-defence-targets-researchers
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nan
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nan
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By James Pearson and Raphael Satter
LONDON, May 25 (Reuters) - A group of Chinese hackers who recently triggered a multi-nation alert have been conducting a cyberespionage campaign against military and government targets in the United States, researchers said on Thursday.
The Chinese government has rejected assertions that its spies are going after Western targets, calling the joint warning issued by the United States and its allies a "collective disinformation campaign".
The group - dubbed "Volt Typhoon" by Microsoft - was the subject of an alert issued by cybersecurity and intelligence agencies in the United States, Britain and their close allies.
Chinese cyber spies have been seen to "primarily target organizations in the U.S. in defence and government verticals (fields), primarily for espionage purposes", according to researcher Marc Burnard, whose organisation - Secureworks - has dealt with several intrusions tied to Volt Typhoon.
The analysis by Secureworks - an arm of Dell Technologies DELL.N - adds context to the warning issued on Wednesday by Microsoft.
That warning said Volt Typhoon was developing capabilities "that could disrupt critical communications infrastructure between the United States and Asia region during future crises" - a nod to escalating tensions between China and the United States over Taiwan and other issues.
The group has targeted critical infrastructure organisations in the U.S. Pacific territory of Guam, Microsoft said.
The reference to potentially disruptive activity drew widespread attention. Fortinet FTNT.O, whose FortiGuard devices Microsoft said were being abused by Volt Typhoon to break into its targets, saw its shares fall more than 2 percent.
Burnard said Secureworks had seen no evidence of destructive activity by Volt Typhoon, but that in general its hackers were focused on stealing information that would "shed light on U.S. military activities".
He declined to name the "handful" of victims which Secureworks had helped to deal with Volt Typhoon.
Chinese foreign ministry spokesperson Mao Ning told reporters that the alerts, issued by the United States, Britain, Canada, Australia and New Zealand were intended to promote their intelligence alliance, known as the Five Eyes - and that it was Washington that was guilty of hacking.
"The United States is the empire of hacking," Mao said.
(Reporting by James Pearson and Raphael Satter; editing by William Maclean and Mark Heinrich)
((Raphael.Satter@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.
|
The analysis by Secureworks - an arm of Dell Technologies DELL.N - adds context to the warning issued on Wednesday by Microsoft. By James Pearson and Raphael Satter LONDON, May 25 (Reuters) - A group of Chinese hackers who recently triggered a multi-nation alert have been conducting a cyberespionage campaign against military and government targets in the United States, researchers said on Thursday. The Chinese government has rejected assertions that its spies are going after Western targets, calling the joint warning issued by the United States and its allies a "collective disinformation campaign".
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The analysis by Secureworks - an arm of Dell Technologies DELL.N - adds context to the warning issued on Wednesday by Microsoft. By James Pearson and Raphael Satter LONDON, May 25 (Reuters) - A group of Chinese hackers who recently triggered a multi-nation alert have been conducting a cyberespionage campaign against military and government targets in the United States, researchers said on Thursday. The group has targeted critical infrastructure organisations in the U.S. Pacific territory of Guam, Microsoft said.
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The analysis by Secureworks - an arm of Dell Technologies DELL.N - adds context to the warning issued on Wednesday by Microsoft. By James Pearson and Raphael Satter LONDON, May 25 (Reuters) - A group of Chinese hackers who recently triggered a multi-nation alert have been conducting a cyberespionage campaign against military and government targets in the United States, researchers said on Thursday. The group - dubbed "Volt Typhoon" by Microsoft - was the subject of an alert issued by cybersecurity and intelligence agencies in the United States, Britain and their close allies.
|
The analysis by Secureworks - an arm of Dell Technologies DELL.N - adds context to the warning issued on Wednesday by Microsoft. By James Pearson and Raphael Satter LONDON, May 25 (Reuters) - A group of Chinese hackers who recently triggered a multi-nation alert have been conducting a cyberespionage campaign against military and government targets in the United States, researchers said on Thursday. The Chinese government has rejected assertions that its spies are going after Western targets, calling the joint warning issued by the United States and its allies a "collective disinformation campaign".
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666f6ed4-6172-4fee-a86b-ed768b5da490
|
725496.0
|
2023-05-25 00:00:00 UTC
|
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
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nan
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nan
|
Fintel reports that on May 25, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
Analyst Price Forecast Suggests 6.34% Upside
As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 6.34% from its latest reported closing price of 45.91.
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 8.83%. The projected annual non-GAAP EPS is 6.46.
Dell Technologies Inc - Class C Declares $0.37 Dividend
On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 25, 2023 received the payment on May 5, 2023. Previously, the company paid $0.33 per share.
At the current share price of $45.91 / share, the stock's dividend yield is 3.22%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.86%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=208).
The current dividend yield is 0.51 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.44. 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 has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1149 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 29 owner(s) or 2.46% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.16%, a decrease of 3.59%. Total shares owned by institutions decreased in the last three months by 2.83% to 213,380K shares.
The put/call ratio of DELL is 1.16, indicating a bearish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,494K shares representing 1.03% ownership of the company. In it's prior filing, the firm reported owning 7,587K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in DELL by 7.36% over the last quarter.
Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.
Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURS
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.
|
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. Fintel reports that on May 25, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 6.34% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82.
|
Fintel reports that on May 25, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 6.34% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82. The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%.
|
Dell Technologies Inc - Class C Declares $0.37 Dividend On March 2, 2023 the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Fintel reports that on May 25, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation. Analyst Price Forecast Suggests 6.34% Upside As of May 11, 2023, the average one-year price target for Dell Technologies Inc - Class C is 48.82.
|
The projected annual revenue for Dell Technologies Inc - Class C is 93,264MM, a decrease of 8.83%. There are 1149 funds or institutions reporting positions in Dell Technologies Inc - Class C. This is a decrease of 29 owner(s) or 2.46% in the last quarter. Fintel reports that on May 25, 2023, Morgan Stanley maintained coverage of Dell Technologies Inc - Class C (NYSE:DELL) with a Overweight recommendation.
|
8d2b7b6a-16a2-4c4c-b2e8-c74537f180e8
|
725497.0
|
2023-05-25 00:00:00 UTC
|
China rejects claim it is spying on Western critical infrastructure
|
DELL
|
https://www.nasdaq.com/articles/china-rejects-claim-it-is-spying-on-western-critical-infrastructure
|
nan
|
nan
|
May 25 (Reuters) - The Chinese government has rejected claims that its spies are penetrating Western infrastructure, calling the joint warning issued by the United States and its allies a "collective disinformation campaign."
Chinese foreign ministry spokesperson Mao Ning told reporters that alerts issued by the U.S., Britain, Canada, Australia and New Zealand were intended to promote their intelligence alliance, known as the Five Eyes - and that it was Washington that was guilty of hacking,
"The United States is the empire of hacking," Mao said.
The reaction follows a series of warnings issued by Five Eyes countries - and major U.S. tech firm Microsoft Corp MSFT.O - about the activities of a Chinese hacking group known as Volt Typhoon.
Although Chinese spies have long been active online against the United States and its allies, Volt Typhoon has raised particular concerns because of its focus on critical infrastructure, including communications links that tie the United States to the Pacific, analysts say.
The group's focus on stealthiness is also drawing attention.
Cybersecurity company Secureworks, which said it has responded to at least three Volt Typhoon hacks, described the group as working consistently to cover its tracks.
The company also backed Western assessments of the group's origins, saying that the hacker group, which it nicknamed "Bronze Silhouette," likely operates on behalf of Beijing.
Secureworks - an arm of Dell Technologies' DELL.N - said that Chinese spies were upping their game in response to "likely increased pressure from (Chinese) leadership to avoid public scrutiny of its cyberespionage activity."
(Reporting by Raphael Satter, Editing by William Maclean)
((Raphael.Satter@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.
|
Secureworks - an arm of Dell Technologies' DELL.N - said that Chinese spies were upping their game in response to "likely increased pressure from (Chinese) leadership to avoid public scrutiny of its cyberespionage activity." May 25 (Reuters) - The Chinese government has rejected claims that its spies are penetrating Western infrastructure, calling the joint warning issued by the United States and its allies a "collective disinformation campaign." The reaction follows a series of warnings issued by Five Eyes countries - and major U.S. tech firm Microsoft Corp MSFT.O - about the activities of a Chinese hacking group known as Volt Typhoon.
|
Secureworks - an arm of Dell Technologies' DELL.N - said that Chinese spies were upping their game in response to "likely increased pressure from (Chinese) leadership to avoid public scrutiny of its cyberespionage activity." May 25 (Reuters) - The Chinese government has rejected claims that its spies are penetrating Western infrastructure, calling the joint warning issued by the United States and its allies a "collective disinformation campaign." The reaction follows a series of warnings issued by Five Eyes countries - and major U.S. tech firm Microsoft Corp MSFT.O - about the activities of a Chinese hacking group known as Volt Typhoon.
|
Secureworks - an arm of Dell Technologies' DELL.N - said that Chinese spies were upping their game in response to "likely increased pressure from (Chinese) leadership to avoid public scrutiny of its cyberespionage activity." Chinese foreign ministry spokesperson Mao Ning told reporters that alerts issued by the U.S., Britain, Canada, Australia and New Zealand were intended to promote their intelligence alliance, known as the Five Eyes - and that it was Washington that was guilty of hacking, "The United States is the empire of hacking," Mao said. The reaction follows a series of warnings issued by Five Eyes countries - and major U.S. tech firm Microsoft Corp MSFT.O - about the activities of a Chinese hacking group known as Volt Typhoon.
|
Secureworks - an arm of Dell Technologies' DELL.N - said that Chinese spies were upping their game in response to "likely increased pressure from (Chinese) leadership to avoid public scrutiny of its cyberespionage activity." May 25 (Reuters) - The Chinese government has rejected claims that its spies are penetrating Western infrastructure, calling the joint warning issued by the United States and its allies a "collective disinformation campaign." Chinese foreign ministry spokesperson Mao Ning told reporters that alerts issued by the U.S., Britain, Canada, Australia and New Zealand were intended to promote their intelligence alliance, known as the Five Eyes - and that it was Washington that was guilty of hacking, "The United States is the empire of hacking," Mao said.
|
2f71470c-ee53-4957-a0a9-c7fd7ed707fe
|
725498.0
|
2023-05-24 00:00:00 UTC
|
Biden administration urges Supreme Court not to hear Apple-Caltech patent case
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DELL
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https://www.nasdaq.com/articles/biden-administration-urges-supreme-court-not-to-hear-apple-caltech-patent-case
|
nan
|
nan
|
By Blake Brittain
May 24 (Reuters) - The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc AAPL.O and Broadcom Inc AVGO.O stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case.
Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office.
Caltech declined to comment on the solicitor general's filing. Representatives for the companies and the solicitor general's office did not immediately respond to requests for comment Wednesday.
Pasadena, California-based Caltech sued Apple and Broadcom in Los Angeles federal court in 2016, alleging millions of iPhones, iPads, Apple Watches and other devices with Broadcom Wi-Fi chips infringed its data-transmission patents.
Caltech has also sued Microsoft Corp, Samsung Electronics Co, Dell Technologies Inc and HP Inc for infringing the same patents in separate cases that are still pending.
A jury in 2020 ordered Apple to pay Caltech $837.8 million and Broadcom to pay $270.2 million. The Federal Circuit took issue with the amount of the award and sent the case back last year for a new trial on damages, which is yet to be scheduled.
Apple and Broadcom had argued at the Federal Circuit that they should have been allowed to challenge the patents' validity at trial. The appeals court upheld the decision to bar the invalidity arguments because Apple previously could have raised them in its petitions for Patent Office review of the patents.
The companies told the justices that the Federal Circuit misread the law, which only bars arguments that could have been raised during the review itself.
Prelogar said in her Tuesday brief that the Federal Circuit interpreted the law correctly.
(Reporting by Blake Brittain in Washington)
((blake.brittain@tr.com; +1 (202) 938-5713;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Caltech has also sued Microsoft Corp, Samsung Electronics Co, Dell Technologies Inc and HP Inc for infringing the same patents in separate cases that are still pending. By Blake Brittain May 24 (Reuters) - The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc AAPL.O and Broadcom Inc AVGO.O stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case. The Federal Circuit took issue with the amount of the award and sent the case back last year for a new trial on damages, which is yet to be scheduled.
|
Caltech has also sued Microsoft Corp, Samsung Electronics Co, Dell Technologies Inc and HP Inc for infringing the same patents in separate cases that are still pending. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office. Pasadena, California-based Caltech sued Apple and Broadcom in Los Angeles federal court in 2016, alleging millions of iPhones, iPads, Apple Watches and other devices with Broadcom Wi-Fi chips infringed its data-transmission patents.
|
Caltech has also sued Microsoft Corp, Samsung Electronics Co, Dell Technologies Inc and HP Inc for infringing the same patents in separate cases that are still pending. By Blake Brittain May 24 (Reuters) - The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc AAPL.O and Broadcom Inc AVGO.O stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office.
|
Caltech has also sued Microsoft Corp, Samsung Electronics Co, Dell Technologies Inc and HP Inc for infringing the same patents in separate cases that are still pending. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office. Pasadena, California-based Caltech sued Apple and Broadcom in Los Angeles federal court in 2016, alleging millions of iPhones, iPads, Apple Watches and other devices with Broadcom Wi-Fi chips infringed its data-transmission patents.
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2d1b5624-3ac1-45dc-8718-90a7ae4635f0
|
725499.0
|
2023-05-24 00:00:00 UTC
|
Nvidia Has Had Numerous Updates Before Earnings -- Here Is What Investors Should Know
|
DELL
|
https://www.nasdaq.com/articles/nvidia-has-had-numerous-updates-before-earnings-here-is-what-investors-should-know
|
nan
|
nan
|
Nvidia (NASDAQ: NVDA) has announced numerous updates with big tech players like Microsoft (NASDAQ: MSFT), ServiceNow (NYSE: NOW), and Dell Technologies (NYSE: DELL). Want to learn more about Nvidia's recent updates? Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the after-market prices of May 23, 2023. The video was published on May 23, 2023.
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Jose Najarro has positions in Microsoft and Nvidia. The Motley Fool has positions in and recommends Microsoft, Nvidia, and ServiceNow. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Nvidia (NASDAQ: NVDA) has announced numerous updates with big tech players like Microsoft (NASDAQ: MSFT), ServiceNow (NYSE: NOW), and Dell Technologies (NYSE: DELL). Check out the short video to learn more, consider subscribing, and click the special offer link below. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
Nvidia (NASDAQ: NVDA) has announced numerous updates with big tech players like Microsoft (NASDAQ: MSFT), ServiceNow (NYSE: NOW), and Dell Technologies (NYSE: DELL). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Microsoft, Nvidia, and ServiceNow.
|
Nvidia (NASDAQ: NVDA) has announced numerous updates with big tech players like Microsoft (NASDAQ: MSFT), ServiceNow (NYSE: NOW), and Dell Technologies (NYSE: DELL). 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of May 22, 2023 Jose Najarro has positions in Microsoft and Nvidia.
|
Nvidia (NASDAQ: NVDA) has announced numerous updates with big tech players like Microsoft (NASDAQ: MSFT), ServiceNow (NYSE: NOW), and Dell Technologies (NYSE: DELL). Check out the short video to learn more, consider subscribing, and click the special offer link below. See the 10 stocks *Stock Advisor returns as of May 22, 2023 Jose Najarro has positions in Microsoft and Nvidia.
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d4280aba-d477-49f2-8568-15bcb4e30472
|
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