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725600.0
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2022-12-05 00:00:00 UTC
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Analysts Expect 11% Gains Ahead For VLUE
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DELL
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https://www.nasdaq.com/articles/analysts-expect-11-gains-ahead-for-vlue
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares MSCI USA Value Factor ETF (Symbol: VLUE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $108.02 per unit.
With VLUE trading at a recent price near $97.27 per unit, that means that analysts see 11.05% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VLUE's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Wells Fargo & Co (Symbol: WFC), and Dell Technologies Inc (Symbol: DELL). Although LNC has traded at a recent price of $38.82/share, the average analyst target is 17.79% higher at $45.73/share. Similarly, WFC has 17.62% upside from the recent share price of $45.94 if the average analyst target price of $54.03/share is reached, and analysts on average are expecting DELL to reach a target price of $50.78/share, which is 14.02% above the recent price of $44.54. Below is a twelve month price history chart comparing the stock performance of LNC, WFC, and DELL:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares MSCI USA Value Factor ETF VLUE $97.27 $108.02 11.05%
Lincoln National Corp. LNC $38.82 $45.73 17.79%
Wells Fargo & Co WFC $45.94 $54.03 17.62%
Dell Technologies Inc DELL $44.54 $50.78 14.02%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
UPC Average Annual Return
FMAO Dividend History
Funds Holding FDC
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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iShares MSCI USA Value Factor ETF VLUE $97.27 $108.02 11.05% Lincoln National Corp. LNC $38.82 $45.73 17.79% Wells Fargo & Co WFC $45.94 $54.03 17.62% Dell Technologies Inc DELL $44.54 $50.78 14.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VLUE's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Wells Fargo & Co (Symbol: WFC), and Dell Technologies Inc (Symbol: DELL). Similarly, WFC has 17.62% upside from the recent share price of $45.94 if the average analyst target price of $54.03/share is reached, and analysts on average are expecting DELL to reach a target price of $50.78/share, which is 14.02% above the recent price of $44.54.
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Three of VLUE's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Wells Fargo & Co (Symbol: WFC), and Dell Technologies Inc (Symbol: DELL). Similarly, WFC has 17.62% upside from the recent share price of $45.94 if the average analyst target price of $54.03/share is reached, and analysts on average are expecting DELL to reach a target price of $50.78/share, which is 14.02% above the recent price of $44.54. iShares MSCI USA Value Factor ETF VLUE $97.27 $108.02 11.05% Lincoln National Corp. LNC $38.82 $45.73 17.79% Wells Fargo & Co WFC $45.94 $54.03 17.62% Dell Technologies Inc DELL $44.54 $50.78 14.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, WFC has 17.62% upside from the recent share price of $45.94 if the average analyst target price of $54.03/share is reached, and analysts on average are expecting DELL to reach a target price of $50.78/share, which is 14.02% above the recent price of $44.54. Three of VLUE's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Wells Fargo & Co (Symbol: WFC), and Dell Technologies Inc (Symbol: DELL). Below is a twelve month price history chart comparing the stock performance of LNC, WFC, and DELL: Below is a summary table of the current analyst target prices discussed above:
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iShares MSCI USA Value Factor ETF VLUE $97.27 $108.02 11.05% Lincoln National Corp. LNC $38.82 $45.73 17.79% Wells Fargo & Co WFC $45.94 $54.03 17.62% Dell Technologies Inc DELL $44.54 $50.78 14.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VLUE's underlying holdings with notable upside to their analyst target prices are Lincoln National Corp. (Symbol: LNC), Wells Fargo & Co (Symbol: WFC), and Dell Technologies Inc (Symbol: DELL). Similarly, WFC has 17.62% upside from the recent share price of $45.94 if the average analyst target price of $54.03/share is reached, and analysts on average are expecting DELL to reach a target price of $50.78/share, which is 14.02% above the recent price of $44.54.
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3393e03b-f560-4adf-8b19-84f108fcc501
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725601.0
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2022-12-03 00:00:00 UTC
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Warren Buffett Bought This 1 Stock to Start 2022, Should You Buy It Before the Year's End?
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DELL
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https://www.nasdaq.com/articles/warren-buffett-bought-this-1-stock-to-start-2022-should-you-buy-it-before-the-years-end
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nan
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nan
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When you have a 60-year history of churning out compounded returns of 20% a year, people will tend to take notice when you buy or sell a stock. Warren Buffett is considered the greatest investor of all time for having done that with Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), and dramatically outperforming the S&P 500 by two-to-one over several decades.
Investors often look to the portfolio of the Oracle of Omaha for investment ideas. Earlier this year, he established a position in a tech stock that, while it didn't match his heavy bets on oil giant Occidental Petroleum made around the same time, is likely to become a long-term core holding for him. It's one you might be interested in buying now too.
Image source: The Motley Fool.
Taking the slow train to growth
The personal computer market is not quite the same as it was a decade or more ago, but HP (NYSE: HPQ) is the largest U.S.-based manufacturer and the second-biggest worldwide behind Chinese PC maker Lenovo, with an 18.7% share of theglobal market
That market is struggling now, though, suffering its fourth consecutive decline in shipments in the third quarter and the largest drop in the industry's history. Market analysts at Gartner say worldwide PC shipments plummeted 19.5% from the year-ago period to 68 million units. HP, in fact, had the steepest decline with a 27.5% drop, followed by Acer with a 25.6% decline and Dell at 21.1%.
HP has responded to this market weakness by announcing it will be firing up to 6,000 workers by the end of fiscal 2025, with CEO Enrique Lores telling The Wall Street Journal he's not expecting improvement anytime soon.
"We think that at this point, it's prudent not to assume that the market will turn during 2023," he said.
A trying year and a depressed stock
When Buffett bought HP stock back in April, he knew the PC maker was already experiencing weakness, as first-quarter shipments dropped almost 20% and PC sales fell 6%. However, that was more indicative of HP lapping strong pandemic-era sales. Its commercial PC business remained strong, with revenue jumping 26% year over year.
It was a different story, though, this past quarter -- consumer PC revenue dropped 25%, and commercial revenue was off 6%. In addition, both notebooks and desktops, a source of strength beforehand, were down this time.
Shares trading at around $40 when Buffett bought in now go for around $30. So it's clear Buffett understood an HP investment would not be a high-growth story going forward. So why would he buy it, and why should you consider buying it now as well?
Image source: Getty Images.
A steady hand on the tiller
HP is likely to be a long, steady investment that will incrementally grow revenue over time while bolstering its operations with acquisitions, such as the purchase of Poly it completed in August that brought the maker of video and audio conferencing tools for remote and hybrid workers into the fold.
The $3.3 billion deal should strengthen HP's operations by creating new opportunities in today's hybrid working situations. Poly included software, video conferencing, cameras, voice, and peripherals such as headsets, which could be a particular area of future growth.
A report by Frost and Sullivan suggests peripherals are a $110 billion industry growing 9% annually, while workplace solutions are a $120 billion segment growing at 8% annually. The actual numbers are less important than the direction they're heading in, and they represent an opportunity for HP.
Follow the money
What undoubtedly attracted Buffett most was HP's ability to generate substantial amounts of free cash flow, or the money left over after paying its bills that it can use to invest in the business.
HP generated $5.8 billion in FCF in 2021, and despite declining PC sales so far this year, it has produced more than $4.8 billion over the last 12 months.
The computer and printer maker uses its cash creation capabilities to support its dividend payments, and has increased the payout every year for the past 14 years. It most recently raised the dividend two weeks ago when it increased the quarterly dividend by about 5% to $0.2625 per share. Berkshire Hathaway owns about 121 million shares of HP stock, which translates into an extra $127 million of yearly income for Buffett.
With solid profit margins across the board, HP looks like a workman-like stock favored by Buffett. Not only can you buy shares cheaper than what Buffett paid, but it's a stock that could pay dividends for your portfolio for years to come.
10 stocks we like better than Hp
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Hp wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of December 1, 2022
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway and Hp. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, short January 2023 $200 puts on Berkshire Hathaway, and short January 2023 $265 calls on Berkshire Hathaway. 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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HP, in fact, had the steepest decline with a 27.5% drop, followed by Acer with a 25.6% decline and Dell at 21.1%. When you have a 60-year history of churning out compounded returns of 20% a year, people will tend to take notice when you buy or sell a stock. Earlier this year, he established a position in a tech stock that, while it didn't match his heavy bets on oil giant Occidental Petroleum made around the same time, is likely to become a long-term core holding for him.
|
HP, in fact, had the steepest decline with a 27.5% drop, followed by Acer with a 25.6% decline and Dell at 21.1%. Its commercial PC business remained strong, with revenue jumping 26% year over year. It was a different story, though, this past quarter -- consumer PC revenue dropped 25%, and commercial revenue was off 6%.
|
HP, in fact, had the steepest decline with a 27.5% drop, followed by Acer with a 25.6% decline and Dell at 21.1%. Taking the slow train to growth The personal computer market is not quite the same as it was a decade or more ago, but HP (NYSE: HPQ) is the largest U.S.-based manufacturer and the second-biggest worldwide behind Chinese PC maker Lenovo, with an 18.7% share of theglobal market That market is struggling now, though, suffering its fourth consecutive decline in shipments in the third quarter and the largest drop in the industry's history. A trying year and a depressed stock When Buffett bought HP stock back in April, he knew the PC maker was already experiencing weakness, as first-quarter shipments dropped almost 20% and PC sales fell 6%.
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HP, in fact, had the steepest decline with a 27.5% drop, followed by Acer with a 25.6% decline and Dell at 21.1%. Taking the slow train to growth The personal computer market is not quite the same as it was a decade or more ago, but HP (NYSE: HPQ) is the largest U.S.-based manufacturer and the second-biggest worldwide behind Chinese PC maker Lenovo, with an 18.7% share of theglobal market That market is struggling now, though, suffering its fourth consecutive decline in shipments in the third quarter and the largest drop in the industry's history. HP generated $5.8 billion in FCF in 2021, and despite declining PC sales so far this year, it has produced more than $4.8 billion over the last 12 months.
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29b6c29f-0631-4e98-88ba-6ae38efc96fb
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725602.0
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2022-11-30 00:00:00 UTC
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Better Buy: Dell vs. HP
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DELL
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https://www.nasdaq.com/articles/better-buy%3A-dell-vs.-hp
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nan
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nan
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After a year-and-a-half of booming sales during the pandemic, the PC industry finds itself in the midst of a historic slump. According to market intelligence firm IDC, consumer PC shipments were down 15% in the third quarter, and the two largest U.S. PC companies by shipments, HP Inc. (NYSE: HPQ) and Dell Technologies (NYSE: DELL), were down by even more. Their shipments declined by 27.8% and 21.2%, respectively.
Yet both of their stock prices actually rose after the companies delivered their latest quarterly reports, despite revenue declines and downbeat guidance. For value investors who favor stocks with low price-to-earnings ratios and high dividend yields, both of them may be worth exploring. After all, even Warren Buffett has a sizable stake in HP.
More than just PCs
People may be most familiar with the consumer PC divisions of both Dell and HP, but both companies actually have extensive operations in other products as well. In fact, PCs provide a minority of their operating profits.
Dell's infrastructure division, which sells servers and related services to data center and cloud operators, overtook its PC division in terms of overall operating profit last quarter. Thanks to the fulfillment of its backlog and cost controls, Dell's infrastructure business grew revenue by 12% and operating income by 54% to $1.38 billion. That surpassed the PC division, which saw revenue decline 17% and operating income fall 7% to $1.06 billion.
For HP, its non-PC operations consist of its printing solutions division, which sells commercial printers, consumer printers, 3D printing systems, and the high-margin consumables that go into them.
People are printing fewer paper documents than they used to, so that division is in decline. But it also has a much higher operating margin than the PC division -- 19.9% last quarter. The printing division's operating profit was already higher than that of the PC division last year, even with lower revenue. While the printing division's revenue declined by 7% year over year last quarter, its operating profit actually increased 8.8% to $903 million thanks to the company's cost-controlling efforts. That compares to just a $458 million operating profit for HP's PC division.
Repurchases, dividends, and low valuations
Dell and HP have a lot in common financially. Both are primarily hardware companies with cyclical businesses, although Dell has more services in its arsenal, as it has developed several multi-cloud and private cloud infrastructure software offerings, along with cybersecurity software and consulting services. HP doesn't have that, as it spun off its enterprise server and services divisions into HP Enterprise (NYSE: HPE) back in 2015.
Still, each company looks similar in many respects. Dell trades at just 6.8 times next year's earnings estimates, while HP Inc. trades at about 9 times next year's estimates. However, despite its slightly higher valuation, HP has a higher dividend yield, at 3.6% versus Dell's 3%, based on their current share prices.
Both companies also buy back a lot of their stock. HP executed $4.3 billion worth of share repurchases during the fiscal year that ended on Oct. 31, retiring about 12% of its shares outstanding. Meanwhile, Dell repurchased nearly $3.1 billion of its stock over the past three quarters, or about $4.1 billion on an annual run-rate basis -- nearly the same as HP. That could amount to a similar percentage of Dell's stock. Its market cap is roughly $32 billion, while HP's is $30.2 billion.
The choice: data centers or printing?
Since both stocks appear to be strikingly similar in terms of yield, valuation, and other characteristics, the choice between Dell and HP comes down to which non-PC business one thinks will perform better over the long term: data center servers or printing.
From my perspective, it's the data center business. New applications such as artificial intelligence, edge computing, and the metaverse (if and when that goes mainstream) will all require much more computing power, and therefore more servers. So, that segment, while cyclical, appears to have better long-term growth prospects than printing. While that industry is a bit more competitive, Dell has the No. 1 market share, so it should be able to grow along with the sub-sector.
That's not to say printing is such a terrible business, and HP does dominate it with a nearly 40% market share. It's also a highly profitable business that throws off cash. Yet while some printing will inevitably stick around, that business does appear to be in a slow, long decline.
One thing that could change the calculus is if HP's young 3D printing solutions unit takes off in a big way. But HP doesn't even break out the results for its 3D printing segment on a stand-alone basis, so it's probably pretty small today.
However, for value investors looking for cheap stocks with dividends, cash flows, and leadership positions in their respective categories, both of these PC-related stocks could make fine choices. While I prefer Dell, Buffett opted for HP, buying nearly $3.8 billion worth of its stock in 2022's first quarter. Shares are now trading well below the level where he bought in, so investors today will be getting an even better deal than Buffett did.
10 stocks we like better than Dell Technologies Inc.
When our award-winning 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 Dell Technologies Inc. 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 November 7, 2022
Billy Duberstein has the following options: short December 2022 $32.50 puts on Dell Technologies Inc. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends HP. 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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More than just PCs People may be most familiar with the consumer PC divisions of both Dell and HP, but both companies actually have extensive operations in other products as well. Thanks to the fulfillment of its backlog and cost controls, Dell's infrastructure business grew revenue by 12% and operating income by 54% to $1.38 billion. According to market intelligence firm IDC, consumer PC shipments were down 15% in the third quarter, and the two largest U.S. PC companies by shipments, HP Inc. (NYSE: HPQ) and Dell Technologies (NYSE: DELL), were down by even more.
|
According to market intelligence firm IDC, consumer PC shipments were down 15% in the third quarter, and the two largest U.S. PC companies by shipments, HP Inc. (NYSE: HPQ) and Dell Technologies (NYSE: DELL), were down by even more. Dell's infrastructure division, which sells servers and related services to data center and cloud operators, overtook its PC division in terms of overall operating profit last quarter. More than just PCs People may be most familiar with the consumer PC divisions of both Dell and HP, but both companies actually have extensive operations in other products as well.
|
According to market intelligence firm IDC, consumer PC shipments were down 15% in the third quarter, and the two largest U.S. PC companies by shipments, HP Inc. (NYSE: HPQ) and Dell Technologies (NYSE: DELL), were down by even more. Dell's infrastructure division, which sells servers and related services to data center and cloud operators, overtook its PC division in terms of overall operating profit last quarter. Since both stocks appear to be strikingly similar in terms of yield, valuation, and other characteristics, the choice between Dell and HP comes down to which non-PC business one thinks will perform better over the long term: data center servers or printing.
|
Dell's infrastructure division, which sells servers and related services to data center and cloud operators, overtook its PC division in terms of overall operating profit last quarter. According to market intelligence firm IDC, consumer PC shipments were down 15% in the third quarter, and the two largest U.S. PC companies by shipments, HP Inc. (NYSE: HPQ) and Dell Technologies (NYSE: DELL), were down by even more. More than just PCs People may be most familiar with the consumer PC divisions of both Dell and HP, but both companies actually have extensive operations in other products as well.
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f269f44b-af08-493a-906a-041a347c0a17
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725603.0
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2022-11-28 00:00:00 UTC
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First Week of DELL January 2025 Options Trading
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DELL
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https://www.nasdaq.com/articles/first-week-of-dell-january-2025-options-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 become available this week, for the January 2025 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 781 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2025 contracts and identified one put and one call contract of particular interest.
The put contract at the $42.50 strike price has a current bid of $7.15. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $42.50, but will also collect the premium, putting the cost basis of the shares at $35.35 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $44.10/share today.
Because the $42.50 strike represents an approximate 4% 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 16.82% return on the cash commitment, or 7.86% 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 $42.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $52.50 strike price has a current bid of $5.95. If an investor was to purchase shares of DELL stock at the current price level of $44.10/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $52.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 32.54% if the stock gets called away at the January 2025 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 $52.50 strike highlighted in red:
Considering the fact that the $52.50 strike represents an approximate 19% 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 13.49% boost of extra return to the investor, or 6.31% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example above is 46%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $44.10) to be 42%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
Also see:
Top Stocks Held By Bill Ackman
CLAC Videos
ETFs Holding HALL
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 $52.50 strike highlighted in red: Considering the fact that the $52.50 strike represents an approximate 19% 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 January 2025 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2025 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 $52.50 strike highlighted in red: Considering the fact that the $52.50 strike represents an approximate 19% 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 January 2025 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2025 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 $42.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $52.50 strike price has a current bid of $5.95. Below is a chart showing DELL's trailing twelve month trading history, with the $52.50 strike highlighted in red: Considering the fact that the $52.50 strike represents an approximate 19% 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 January 2025 expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2025 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 $52.50 strike highlighted in red: Considering the fact that the $52.50 strike represents an approximate 19% 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 January 2025 expiration.
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6fb54dbc-d248-4b28-85c1-0748ff1d327a
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725604.0
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2022-11-23 00:00:00 UTC
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Dell Technologies Breaks Above 200-Day Moving Average - Bullish for DELL
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DELL
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https://www.nasdaq.com/articles/dell-technologies-breaks-above-200-day-moving-average-bullish-for-dell
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nan
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nan
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $45.21, changing hands as high as $45.33 per share. Dell Technologies Inc shares are currently trading up about 3.1% on the day. 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 $61.54 as the 52 week high point — that compares with a last trade of $45.15.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Also see:
EROS YTD Return
Institutional Holders of SEDG
Funds Holding VCLO
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 trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $45.21, changing hands as high as $45.33 per share. 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 $61.54 as the 52 week high point — that compares with a last trade of $45.15. Dell Technologies Inc shares are currently trading up about 3.1% on the day.
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $45.21, changing hands as high as $45.33 per share. 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 $61.54 as the 52 week high point — that compares with a last trade of $45.15. Dell Technologies Inc shares are currently trading up about 3.1% on the day.
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $45.21, changing hands as high as $45.33 per share. 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 $61.54 as the 52 week high point — that compares with a last trade of $45.15. Dell Technologies Inc shares are currently trading up about 3.1% on the day.
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) crossed above their 200 day moving average of $45.21, changing hands as high as $45.33 per share. Dell Technologies Inc shares are currently trading up about 3.1% on the day. 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 $61.54 as the 52 week high point — that compares with a last trade of $45.15.
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3c220b82-ad78-42a1-a9ff-f1882b196e2e
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725605.0
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2022-11-22 00:00:00 UTC
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Technology Sector Update for 11/22/2022: ADI, SYM, DELL, GDS
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-11-22-2022%3A-adi-sym-dell-gds
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nan
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nan
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Technology stocks surged during Tuesday trading, with the SPDR Technology Select Sector ETF (XLK) rising 1.8% while the Philadelphia Semiconductor Index was gaining almost 3%.
In company news, Analog Devices (ADI) added almost 6% after the analog, mixed-signal and digital signal processors company reported net income and revenue for its fiscal Q4 exceeding year-ago comparisons and also beating Wall Street expectations. The company also is projecting non-GAAP earnings for the current quarter in a range of $2.50 to $2.70 per share on between $3.05 billion to $3.25 billion in revenue. Analysts, on average, are expecting adjusted Q1 net income of $2.41 per share on $3.04 billion in revenue.
Symbotic (SYM) climbed 7.7% after the robotics and automation technology company reported a 167% year-over-year increase in revenue for its fiscal Q4 ended Sept. 24, rising to a best-ever $244.4 million and blowing past the Capital IQ consensus. The company overnight also said board chairman and chief product officer Rick Cohen was returning to his former job as CEO, succeeding Michael Loparco, who is becoming a special advisor to the company during the transition.
Dell Technologies (DELL) gained 6.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. Revenue declined 6% from year-ago levels to $24.72 billion but also exceeded the $24.61 billion Street view.
To the downside, GDS Holdings (GDS) dropped over 15% after overnight reporting a Q3 net loss of 1.93 Chinese renminbi ($0.27) per American depositary share compared with its 1.85 renminbi per ADS loss during the year-ago quarter and missing the Capital IQ consensus call expecting the Chinese data-center company to post a 1.48 renminbi per ADS loss.
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) gained 6.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. In company news, Analog Devices (ADI) added almost 6% after the analog, mixed-signal and digital signal processors company reported net income and revenue for its fiscal Q4 exceeding year-ago comparisons and also beating Wall Street expectations. Analysts, on average, are expecting adjusted Q1 net income of $2.41 per share on $3.04 billion in revenue.
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Dell Technologies (DELL) gained 6.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. In company news, Analog Devices (ADI) added almost 6% after the analog, mixed-signal and digital signal processors company reported net income and revenue for its fiscal Q4 exceeding year-ago comparisons and also beating Wall Street expectations. To the downside, GDS Holdings (GDS) dropped over 15% after overnight reporting a Q3 net loss of 1.93 Chinese renminbi ($0.27) per American depositary share compared with its 1.85 renminbi per ADS loss during the year-ago quarter and missing the Capital IQ consensus call expecting the Chinese data-center company to post a 1.48 renminbi per ADS loss.
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Dell Technologies (DELL) gained 6.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. In company news, Analog Devices (ADI) added almost 6% after the analog, mixed-signal and digital signal processors company reported net income and revenue for its fiscal Q4 exceeding year-ago comparisons and also beating Wall Street expectations. To the downside, GDS Holdings (GDS) dropped over 15% after overnight reporting a Q3 net loss of 1.93 Chinese renminbi ($0.27) per American depositary share compared with its 1.85 renminbi per ADS loss during the year-ago quarter and missing the Capital IQ consensus call expecting the Chinese data-center company to post a 1.48 renminbi per ADS loss.
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Dell Technologies (DELL) gained 6.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. Technology stocks surged during Tuesday trading, with the SPDR Technology Select Sector ETF (XLK) rising 1.8% while the Philadelphia Semiconductor Index was gaining almost 3%. Revenue declined 6% from year-ago levels to $24.72 billion but also exceeded the $24.61 billion Street view.
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08c726f3-ef74-44b4-837d-e1bd90d792e3
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725606.0
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2022-11-22 00:00:00 UTC
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Technology Sector Update for 11/22/2022: SYM, DELL, GDS
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-11-22-2022%3A-sym-dell-gds
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nan
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nan
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Technology stocks were advancing in Tuesday trading, with the SPDR Technology Select Sector ETF (XLK) rising 1.3% while the Philadelphia Semiconductor Index was gaining 1.9% this afternoon.
In company news, Symbotic (SYM) climbed 7.9% after the robotics and automation technology company reported a 167% year-over-year increase in revenue for its fiscal Q4 ended Sept. 24, rising to a best-ever $244.4 million and blowing past the Capital IQ consensus. The company overnight also said board chairman and chief product officer Rick Cohen was returning to his former job as CEO, succeeding Michael Loparco, who is becoming a special advisor to the company during the transition.
Dell Technologies (DELL) gained 5.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. Revenue declined 6% from year-ago levels to $24.72 billion but also exceeded the $24.61 billion Street view.
GDS Holdings (GDS) dropped almost 16% after overnight reporting a Q3 net loss of 1.93 Chinese renminbi ($0.27) per American depositary share compared with its 1.85 renminbi per ADS loss during the year-ago quarter and missing the Capital IQ consensus call expecting the Chinese data-center company to post a 1.48 renminbi per ADS loss.
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) gained 5.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. In company news, Symbotic (SYM) climbed 7.9% after the robotics and automation technology company reported a 167% year-over-year increase in revenue for its fiscal Q4 ended Sept. 24, rising to a best-ever $244.4 million and blowing past the Capital IQ consensus. The company overnight also said board chairman and chief product officer Rick Cohen was returning to his former job as CEO, succeeding Michael Loparco, who is becoming a special advisor to the company during the transition.
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Dell Technologies (DELL) gained 5.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. In company news, Symbotic (SYM) climbed 7.9% after the robotics and automation technology company reported a 167% year-over-year increase in revenue for its fiscal Q4 ended Sept. 24, rising to a best-ever $244.4 million and blowing past the Capital IQ consensus. GDS Holdings (GDS) dropped almost 16% after overnight reporting a Q3 net loss of 1.93 Chinese renminbi ($0.27) per American depositary share compared with its 1.85 renminbi per ADS loss during the year-ago quarter and missing the Capital IQ consensus call expecting the Chinese data-center company to post a 1.48 renminbi per ADS loss.
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Dell Technologies (DELL) gained 5.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. In company news, Symbotic (SYM) climbed 7.9% after the robotics and automation technology company reported a 167% year-over-year increase in revenue for its fiscal Q4 ended Sept. 24, rising to a best-ever $244.4 million and blowing past the Capital IQ consensus. GDS Holdings (GDS) dropped almost 16% after overnight reporting a Q3 net loss of 1.93 Chinese renminbi ($0.27) per American depositary share compared with its 1.85 renminbi per ADS loss during the year-ago quarter and missing the Capital IQ consensus call expecting the Chinese data-center company to post a 1.48 renminbi per ADS loss.
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Dell Technologies (DELL) gained 5.6% after late Monday reporting non-GAAP net income of $2.30 per share for its fiscal Q3, improving on a $1.66 per share profit during the same quarter in 2021 and beating the Capital IQ consensus that had been expecting the computer hardware company to earn $1.61 per share, excluding one-time items. Technology stocks were advancing in Tuesday trading, with the SPDR Technology Select Sector ETF (XLK) rising 1.3% while the Philadelphia Semiconductor Index was gaining 1.9% this afternoon. In company news, Symbotic (SYM) climbed 7.9% after the robotics and automation technology company reported a 167% year-over-year increase in revenue for its fiscal Q4 ended Sept. 24, rising to a best-ever $244.4 million and blowing past the Capital IQ consensus.
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df75b67a-a1d2-4f0e-a02d-69b716dbbe60
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725607.0
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2022-11-22 00:00:00 UTC
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DELL Q3 Earnings Beat Estimates, Lower PC Sales Hurt Revenues
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DELL
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https://www.nasdaq.com/articles/dell-q3-earnings-beat-estimates-lower-pc-sales-hurt-revenues
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nan
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nan
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Dell Technologies DELL reported third-quarter fiscal 2023 non-GAAP earnings of $2.30 per share, beating the Zacks Consensus Estimate by 43.75%. The bottom line jumped 39% year over year.
Revenues, on a non-GAAP basis, decreased 6% year over year to $24.72 billion but beat the consensus mark by 0.99%.
Product revenues decreased 10% year over year to $18.4 billion. Services revenues rose 6% year over year to $5.78 billion.
Dell shares were down 2.07% in after-hours trading following the results. Shares have fallen 26.9% year to date compared with the Zacks Computer & Technology sector’s decline of 32.2%.
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 lower IT spending, which is expected to remain weak due to slowing economic growth, inflation, rising interest rates and currency pressure.
Top-Line Detail
Infrastructure Solutions Group (“ISG”) revenues were up 12% year over year to $9.63 billion.
The upside can be attributed to a 14% increase in servers and networking revenues that totaled $5.2 billion. Storage revenues grew 11% year over year to $4.43 billion.
Client Solutions Group (“CSG”) revenues were $13.78 billion, down 17% year over year. Commercial revenues declined 13% year over year to $10.75 billion. Consumer revenues were down 29% to $3.03 billion.
CSG revenues were hurt by lower PC shipments. Per IDC Worldwide Quarterly Personal Computing Device Tracker for the third quarter of 2022, Dell’s market share declined to 16.1% from 17.4% 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.
However, Lenovo and HP both lost market share. Apple AAPL and Asus both gained market share. While Lenovo’s market share came down to 22.7% from 23.1% in the year-ago quarter, HP was 17.1% compared with the year-ago quarter’s 20.2%.
Meanwhile, Apple’s share increased from the year-ago quarter’s 8.2% to 13.5%. In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively.
Operating Details
Dell’s fiscal third-quarter non-GAAP gross profit increased 2% year over year to $5.87 billion. The gross margin expanded 200 basis points (bps) year over year to 23.7%.
SG&A expenses declined 15% year over year to $3.27 billion. Research and development expenses were up 4% year over year to $677 million in the reported quarter.
Non-GAAP operating expenses decreased 8% year over year to $3.49 billion. Operating expenses, as a percentage of revenues, declined 20 bps on a year-over-year basis to 14.1%.
The non-GAAP operating income was $2.38 billion, up 22% year over year. The operating margin expanded 220 bps year over year to 9.6%.
The ISG segment’s operating income increased 54% year over year to $1.37 billion. Meanwhile, the CSG segment’s operating income was $1.06 billion, down 7% year over year.
Balance Sheet
As of Oct 28, 2022, DELL had $6.44 billion in cash and long-term investments. Debt was $27.33 billion as of Oct 28, 2022.
This Zacks Rank #4 (Sell) company returned $847 million to its shareholders through a combination of share repurchases and dividends.
Guidance
For the fourth quarter of fiscal 2023, Dell expects revenues between $23 billion and $24 billion, down 16% at the mid-point, with ISG roughly flat. The company expects roughly 500 bps negative impact on revenues.
Moreover, operating expenses are expected to increase $150 million sequentially in the fiscal fourth quarter.
Dell expects earnings in the range of $1.50 to $1.80 per share, down 4% at the midpoint for the fiscal fourth quarter.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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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 third-quarter fiscal 2023 non-GAAP earnings of $2.30 per share, beating the Zacks Consensus Estimate by 43.75%. Dell shares were down 2.07% in after-hours trading following the results.
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Dell Technologies DELL reported third-quarter fiscal 2023 non-GAAP earnings of $2.30 per share, beating the Zacks Consensus Estimate by 43.75%. 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. Operating Details Dell’s fiscal third-quarter non-GAAP gross profit increased 2% year over year to $5.87 billion.
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In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively. Operating Details Dell’s fiscal third-quarter non-GAAP gross profit increased 2% year over year to $5.87 billion. Dell Technologies DELL reported third-quarter fiscal 2023 non-GAAP earnings of $2.30 per share, beating the Zacks Consensus Estimate by 43.75%.
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In terms of PC shipments, Apple gained 40.2% year over year, while Lenovo, HP and Dell were down 16.1%, 27.8% and 21.2%, respectively. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL reported third-quarter fiscal 2023 non-GAAP earnings of $2.30 per share, beating the Zacks Consensus Estimate by 43.75%.
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8f108f5d-3c97-473a-be79-4ef1b91415ad
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725608.0
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2022-11-21 00:00:00 UTC
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Dell quarterly profit jumps on higher server demand, lower costs
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DELL
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https://www.nasdaq.com/articles/dell-quarterly-profit-jumps-on-higher-server-demand-lower-costs
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nan
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Nov 21 (Reuters) - Dell Technologies Inc DELL.N posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs.
Revenue in the company's infrastructure solutions group, which includes servers, storage devices and networking hardware, rose 12% in the third quarter.
Meanwhile, the widely recorded cooling demand for personal computers and laptops from pandemic highs weighed on the company.
Consumer revenue tumbled 29% and large enterprises, or commercial, revenue, fell 13%. Total revenue slipped 6% to $24.72 billion but beat expectations of $24.54 billion, according to Refinitiv IBES data.
The company benefited from an improving supply chain that eased pressure from higher component and freight costs, as well as measures to reduce expenses such as a freeze on external hiring.
Operating expenses fell 8% in the third quarter ended Oct. 28, the company said.
Net income tumbled 93% to $241 million, due to the $1 billion settlement of a lawsuit over a disputed 2018 stock swap.
Operating income rose to $1.76 billion, from $1.05 billion a year earlier.
Excluding items, Dell earned $2.30 per share.
(Reporting by Eva Mathews in Bengaluru; Editing by Sriraj Kalluvila)
((Eva.Mathews@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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Nov 21 (Reuters) - Dell Technologies Inc DELL.N posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Excluding items, Dell earned $2.30 per share. Revenue in the company's infrastructure solutions group, which includes servers, storage devices and networking hardware, rose 12% in the third quarter.
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Nov 21 (Reuters) - Dell Technologies Inc DELL.N posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Excluding items, Dell earned $2.30 per share. Operating expenses fell 8% in the third quarter ended Oct. 28, the company said.
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Nov 21 (Reuters) - Dell Technologies Inc DELL.N posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Excluding items, Dell earned $2.30 per share. Revenue in the company's infrastructure solutions group, which includes servers, storage devices and networking hardware, rose 12% in the third quarter.
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Nov 21 (Reuters) - Dell Technologies Inc DELL.N posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Excluding items, Dell earned $2.30 per share. Operating expenses fell 8% in the third quarter ended Oct. 28, the company said.
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8dc1224a-dc25-4c1f-b47f-72e201eff8c4
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725609.0
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2022-11-21 00:00:00 UTC
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These 2 Stocks Made Investors Happy After Hours Monday
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DELL
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https://www.nasdaq.com/articles/these-2-stocks-made-investors-happy-after-hours-monday
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nan
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The stock market moved lower on Monday as investors came into the Thanksgiving-shortened trading week with new concerns about the outlook for the holiday season and how poor macroeconomic conditions could hurt consumer demand. The Nasdaq Composite (NASDAQINDEX: ^IXIC) took the biggest decline, while the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) held up relatively better.
INDEX
DAILY PERCENTAGE CHANGE
DAILY POINT CHANGE
Dow
(0.13%)
(45)
S&P 500
(0.39%)
(15)
Nasdaq
(1.09%)
(122)
Data source: Yahoo! Finance.
After the closing bell, several companies reported their quarterly financial results. Both Dell Technologies (NYSE: DELL) and Urban Outfitters (NASDAQ: URBN) had solid numbers that gave investors greater confidence in their prospects, which helped send their share prices higher in after-hours trading. Here's what Dell and Urban Outfitters had to say and what investors took away from the reports.
Dell sees solid profit growth
Shares of Dell Technologies were up almost 2% as of 5 p.m. ET after having been up closer to 5% earlier in the after-hours trading period. The maker of computer equipment surpassed analysts' expectations in its fiscal third quarter, which ended Oct. 28.
Dell's numbers were mixed. Revenue actually eased lower by 6% to $24.7 billion, reflecting the slowdown from high pandemic-driven levels of demand in the year-earlier period. However, Dell did a good job of bolstering its profitability. Adjusted net income jumped 30% to $1.71 billion, and its adjusted earnings rose by nearly 40% year over year to $2.30 per share.
A closer look at the Q3 results, however, reveals that there are two very different stories in progress within the different divisions of the business. Revenue from Dell's infrastructure solutions group hit a record of $9.6 billion, up 12% year over year. Dell also posted double-digit percentage gains in both its storage division and in the servers and networking segment. Operating income for the group soared 54% from year-ago levels.
Meanwhile, the client solutions group was weak, with revenue falling 17% on a 29% drop in consumer sales. Its operating income dropped 7%.
Dell investors weren't surprised to see the PC-driven client solutions business struggle, and they were pleased to see the company respond by catering more to the needs of enterprise customers. That could be the key to its long-term success, and with the stock down about 30% so far this year, Dell management will need to stay focused on its strategic vision in order to mount a longer-term recovery.
Urban Outfitters posts fitting results
Meanwhile, shares of Urban Outfitters gained more than 2% after hours. Despite some challenges, the retailer held up well in a tough environment during its fiscal third quarter, which ended Oct. 31.
Urban Outfitters grew its revenue modestly, with net sales climbing almost 4% year over year to $1.18 billion. Comparable retail sales were up 4%, with the Anthropologie store concept seeing the biggest gains at 13%. Free People also showed a solid gain of 8%, but at its namesake Urban Outfitters stores, comparable sales fell 9%. A decline in wholesale segment revenue also weighed on overall top-line performance.
Conditions were tougher for Urban Outfitters' profitability. Its gross margin fell more than 4 percentage points to 30.4%, and net income plunged by 58% year over year to $37.2 million, or $0.40 per share.
Like many retailers, Urban Outfitters saw its inventory levels rise during the quarter. That could be problematic as the holiday season begins, as it could force Urban Outfitters to boost its promotional activity, which would put even more pressure on its margins as it heads toward the end of its fiscal year.
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Dan Caplinger 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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That could be the key to its long-term success, and with the stock down about 30% so far this year, Dell management will need to stay focused on its strategic vision in order to mount a longer-term recovery. Both Dell Technologies (NYSE: DELL) and Urban Outfitters (NASDAQ: URBN) had solid numbers that gave investors greater confidence in their prospects, which helped send their share prices higher in after-hours trading. Here's what Dell and Urban Outfitters had to say and what investors took away from the reports.
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Both Dell Technologies (NYSE: DELL) and Urban Outfitters (NASDAQ: URBN) had solid numbers that gave investors greater confidence in their prospects, which helped send their share prices higher in after-hours trading. Here's what Dell and Urban Outfitters had to say and what investors took away from the reports. Dell sees solid profit growth Shares of Dell Technologies were up almost 2% as of 5 p.m.
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Both Dell Technologies (NYSE: DELL) and Urban Outfitters (NASDAQ: URBN) had solid numbers that gave investors greater confidence in their prospects, which helped send their share prices higher in after-hours trading. Here's what Dell and Urban Outfitters had to say and what investors took away from the reports. Dell sees solid profit growth Shares of Dell Technologies were up almost 2% as of 5 p.m.
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Here's what Dell and Urban Outfitters had to say and what investors took away from the reports. 10 stocks we like better than Dell Technologies Inc. Both Dell Technologies (NYSE: DELL) and Urban Outfitters (NASDAQ: URBN) had solid numbers that gave investors greater confidence in their prospects, which helped send their share prices higher in after-hours trading.
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eb201297-db8f-44d9-8dc8-e731a2b29136
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725610.0
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2022-11-21 00:00:00 UTC
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Dell Technologies (DELL) Q3 Earnings and Revenues Top Estimates
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-q3-earnings-and-revenues-top-estimates
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nan
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nan
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Dell Technologies (DELL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 43.75%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.63 per share when it actually produced earnings of $1.68, delivering a surprise of 3.07%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $24.72 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $28.41 billion. The company has topped consensus revenue estimates three 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 lost about 25.2% since the beginning of the year versus the S&P 500's decline of -16.8%.
What's Next for Dell Technologies?
While Dell Technologies has underperformed 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: unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $1.61 on $24.69 billion in revenues for the coming quarter and $6.71 on $101.57 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 31% 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, SAIC (SAIC), is yet to report results for the quarter ended October 2022.
This information technology company is expected to post quarterly earnings of $1.74 per share in its upcoming report, which represents a year-over-year change of -6%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.
SAIC's revenues are expected to be $1.86 billion, down 1.9% from the year-ago quarter.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Science Applications International Corporation (SAIC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.60 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $24.72 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 0.99%. Dell Technologies shares have lost about 25.2% since the beginning of the year versus the S&P 500's decline of -16.8%.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $24.72 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 0.99%. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.60 per share.
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Dell Technologies (DELL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.60 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $24.72 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 0.99%. Dell Technologies shares have lost about 25.2% since the beginning of the year versus the S&P 500's decline of -16.8%.
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Dell Technologies (DELL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.60 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $24.72 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 0.99%. Dell Technologies shares have lost about 25.2% since the beginning of the year versus the S&P 500's decline of -16.8%.
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2022-11-21 00:00:00 UTC
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Pre-Markets in Red to Start a Fresh Week
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DELL
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https://www.nasdaq.com/articles/pre-markets-in-red-to-start-a-fresh-week-0
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nan
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U.S. stock futures are trading in negative territory while Americans are gearing up to celebrate Thanksgiving Day this Thursday. This will start the holiday season for 2022, which has so far remained terrible for Wall Street. The initial enthusiasm after the release of October’s Consumer Price Index (CPI) and Producer Price Index (PPI) evaporated last week.
Market participants’ expectations that the Fed may relax its stringent monetary policies as the peak inflation seems behind us, have been rejected by several important voting members of the central bank. St. Louis Fed President James Bullard said that the central bank needs to keep raising rates because according to him policy tightening has so far had only limited effects on observed inflation. The target policy needs to rise to at least 5.00% to 5.25% from the current level of just below 4.00% to be sufficiently restrictive.
However, not all the Fed members are in favor of tighter monetary control. Several members have expressed opposite views too. The Fed will release its November FOMC meeting minutes this week, enabling investors to get a better idea of what the central bank is thinking about the interest rate trajectory.
Market participants will closely monitor this holiday season sales under elevated inflation to gauge the health of the U.S. economy. We are yet to receive any signal from the Fed that it would lessen its tighter monetary control anytime soon. At the same time, we are yet to receive any genuine information that the economy may enter into a recession early next year.
Meanwhile, China is yet to recover fully from COVID-19 infections. Recently, three people died of coronavirus, which forced China’s authority to impose lockdown in a few cities again. Last week, it was rumored that China will reopen soon. Moreover, the People’s Bank of China has kept its one-year prime lending rate steady at 3.65%. The five-year rate also remained static at 4.3%.
Going against today’s pre-market trend, shares of The Walt Disney Co. (DIS) jumped nearly 9% following the news that Bob Iger will once again become the CEO of the company replacing the incumbent Bob Chapek. Iger, who served Disney for more than two decades including 15 years as CEO, will get a term of just two years this time.
On the earnings front, desktop PC and notebook developer Dell Technologies Inc. (DELL), resting equipment manufacturer Agilent Technologies Inc. (A) and The J. M. Smucker Co. (SJM), a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
Agilent Technologies, Inc. (A): Free Stock Analysis Report
The Walt Disney Company (DIS): Free Stock Analysis Report
The J. M. Smucker Company (SJM): 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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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. (DELL), resting equipment manufacturer Agilent Technologies Inc. (A) and The J. M. Smucker Co. (SJM), a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report Market participants’ expectations that the Fed may relax its stringent monetary policies as the peak inflation seems behind us, have been rejected by several important voting members of the central bank.
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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. (DELL), resting equipment manufacturer Agilent Technologies Inc. (A) and The J. M. Smucker Co. (SJM), a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report
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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. (DELL), resting equipment manufacturer Agilent Technologies Inc. (A) and The J. M. Smucker Co. (SJM), a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report
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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. (DELL), resting equipment manufacturer Agilent Technologies Inc. (A) and The J. M. Smucker Co. (SJM), a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report Moreover, the People’s Bank of China has kept its one-year prime lending rate steady at 3.65%.
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725612.0
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2022-11-21 00:00:00 UTC
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Pre Markets in Red to Kick Off Thanksgiving Week
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DELL
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https://www.nasdaq.com/articles/pre-markets-in-red-to-kick-off-thanksgiving-week
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nan
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nan
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U.S. stock futures are trading in negative territory while Americans are gearing up to celebrate Thanksgiving Day this Thursday. This will start the holiday season for 2022, which has so far remained terrible for Wall Street. The initial enthusiasm after the release of October’s Consumer Price Index (CPI) and Producer Price Index (PPI) evaporated last week.
Market participants’ expectations that the Fed may relax its stringent monetary policies as the peak inflation seems behind us, have been rejected by several important voting members of the central bank. St. Louis Fed President James Bullard said that the central bank needs to keep raising rates because according to him policy tightening has so far had only limited effects on observed inflation. The target policy needs to rise to at least 5.00% to 5.25% from the current level of just below 4.00% to be sufficiently restrictive.
However, not all the Fed members are in favor of tighter monetary control. Several members have expressed opposite views too. The Fed will release its November FOMC meeting minutes this week, enabling investors to get a better idea of what the central bank is thinking about the interest rate trajectory.
Market participants will closely monitor this holiday season sales under elevated inflation to gauge the health of the U.S. economy. We are yet to receive any signal from the Fed that it would lessen its tighter monetary control anytime soon. At the same time, we are yet to receive any genuine information that the economy may enter into a recession early next year.
Meanwhile, China is yet to recover fully from COVID-19 infections. Recently, three people died of coronavirus, which forced China’s authority to impose lockdown in a few cities again. Last week, it was rumored that China will reopen soon. Moreover, the People’s Bank of China has kept its one-year prime lending rate steady at 3.65%. The five-year rate also remained static at 4.3%.
Going against today’s pre-market trend, shares of The Walt Disney Co. DIS jumped nearly 9% following the news that Bob Iger will once again become the CEO of the company replacing the incumbent Bob Chapek. Iger, who served Disney for more than two decades including 15 years as CEO, will get a term of just two years this time.
On the earnings front, desktop PC and notebook developer Dell Technologies Inc. DELL, resting equipment manufacturer Agilent Technologies Inc. A and The J. M. Smucker Co. SJM, a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
Agilent Technologies, Inc. (A): Free Stock Analysis Report
The Walt Disney Company (DIS): Free Stock Analysis Report
The J. M. Smucker Company (SJM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The 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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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. DELL, resting equipment manufacturer Agilent Technologies Inc. A and The J. M. Smucker Co. SJM, a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report Market participants’ expectations that the Fed may relax its stringent monetary policies as the peak inflation seems behind us, have been rejected by several important voting members of the central bank.
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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. DELL, resting equipment manufacturer Agilent Technologies Inc. A and The J. M. Smucker Co. SJM, a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report
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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. DELL, resting equipment manufacturer Agilent Technologies Inc. A and The J. M. Smucker Co. SJM, a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report
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On the earnings front, desktop PC and notebook developer Dell Technologies Inc. DELL, resting equipment manufacturer Agilent Technologies Inc. A and The J. M. Smucker Co. SJM, a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America, will report their quarterly financial numbers after today’s closing bell. Dell Technologies Inc. (DELL): Free Stock Analysis Report Moreover, the People’s Bank of China has kept its one-year prime lending rate steady at 3.65%.
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2022-11-21 00:00:00 UTC
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After-Hours Earnings Report for November 21, 2022 : A, ZM, DELL, ZTO, MMS, DY, GDS, URBN, GBDC, SNEX, CENTA, ENTA
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-november-21-2022-%3A-a-zm-dell-zto-mms-dy-gds-urbn-gbdc-snex
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The following companies are expected to report earnings after hours on 11/21/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Agilent Technologies, Inc. (A)is reporting for the quarter ending October 31, 2022. The electrical test equipment company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.39. This value represents a 14.88% increase compared to the same quarter last year. In the past year A has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 11.67%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for A is 28.83 vs. an industry ratio of 39.20.
Zoom Video Communications, Inc. (ZM)is reporting for the quarter ending October 31, 2022. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.26. This value represents a 63.89% decrease compared to the same quarter last year. ZM missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -37.78%. Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2022. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.30. This value represents a 45.15% decrease compared to the same quarter last year. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.39 vs. an industry ratio of 15.70.
ZTO Express (Cayman) Inc. (ZTO)is reporting for the quarter ending September 30, 2022. The transportation services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.26. This value represents a 18.18% increase compared to the same quarter last year. In the past year ZTO has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ZTO is 20.09 vs. an industry ratio of 6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Maximus, Inc. (MMS)is reporting for the quarter ending September 30, 2022. The government services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.02. This value represents a 5.56% decrease compared to the same quarter last year. MMS missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -20.41%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for MMS is 15.33 vs. an industry ratio of 19.40.
Dycom Industries, Inc. (DY)is reporting for the quarter ending October 31, 2022. The building company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.28. This value represents a 34.74% increase compared to the same quarter last year. In the past year DY has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 47.47%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DY is 29.90 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
GDS Holdings Limited (GDS)is reporting for the quarter ending September 30, 2022. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.36. This value represents a 24.14% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GDS is -9.39 vs. an industry ratio of 4.50.
Urban Outfitters, Inc. (URBN)is reporting for the quarter ending October 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.41. This value represents a 53.93% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for URBN is 15.41 vs. an industry ratio of 42.10.
Golub Capital BDC, Inc. (GBDC)is reporting for the quarter ending September 30, 2022. The financial services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.30. This value represents a no change for the same quarter last year. GBDC missed the consensus earnings per share in the 1st calendar quarter of 2022 by -12.9%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GBDC is 11.11 vs. an industry ratio of 8.50, implying that they will have a higher earnings growth than their competitors in the same industry.
StoneX Group Inc. (SNEX)is reporting for the quarter ending September 30, 2022. The financial services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.93. This value represents a 302.08% increase compared to the same quarter last year. SNEX missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -66.67%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SNEX is 9.79 vs. an industry ratio of 8.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Central Garden & Pet Company (CENTA)is reporting for the quarter ending September 30, 2022. The consumer company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.03. This value represents a 150.00% increase compared to the same quarter last year. In the past year CENTA has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 10.32%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CENTA is 14.62 vs. an industry ratio of 223.20.
Enanta Pharmaceuticals, Inc. (ENTA)is reporting for the quarter ending September 30, 2022. The drug company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-1.37. This value represents a 12.30% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ENTA is -7.79 vs. an industry ratio of 0.20.
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 October 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.39 vs. an industry ratio of 15.70.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.39 vs. an industry ratio of 15.70.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.39 vs. an industry ratio of 15.70.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.39 vs. an industry ratio of 15.70.
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2022-11-18 00:00:00 UTC
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Dell Technologies (DELL) to Post Q3 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-to-post-q3-earnings%3A-whats-in-store-0
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nan
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Dell Technologies DELL is set to report its third-quarter fiscal 2023 results on Nov 21.
Dell expects fiscal third-quarter revenues in the range of $23.8-$25 billion, suggesting an 8% decline on a year-over-year basis at the midpoint. Earnings are expected between $1.53 and $1.79 per share, flat on a year-over-year basis at the midpoint.
The Zacks Consensus Estimate for revenues is pegged at $24.34 billion, suggesting 14.3% growth from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.59 per share, indicating a 32.91% decline from the year-ago quarter’s figure. The consensus estimate for earnings has declined 1.2% in the past 30 days.
Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in the remaining one. The company delivered a trailing four-quarter earnings surprise of 6.58% on average.
Dell Technologies Inc. Price and EPS Surprise
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Let's see how things have shaped up for DELL before this announcement.
Factors to Watch
Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter.
However, unfavorable foreign exchange is expected to have been a headwind.
Dell is expected to have benefited from strong growth in servers and networking revenues in the to-be-reported quarter. IT spending is now expected to be higher for servers and networking, as well as storage solutions. This is expected to have benefited Infrastructure Solutions Group revenues in the to-be-reported quarter.
Nevertheless, Client Solutions Group revenues are expected to have suffered from a declining PC demand, both in the customer and enterprise business segments.
Per Gartner, worldwide PC shipments in the third quarter of 2022 witnessed a year-over-year decrease of 19.5%, reaching 68 million units. Dell was ranked third among all PC vendors, trailing Lenovo LNVGY and HP HPQ, but beating Apple AAPL.
This Zacks Rank #5 (Strong Sell) company shipped 12.021 million units, witnessing a 21.1% year-over-year decline in the third quarter of 2022, per the Gartner report.
Lenovo, HP and Apple shipped 17.114 million, 12.706 million and 5.795 million units, respectively.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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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Factors to Watch Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter. Dell Technologies DELL is set to report its third-quarter fiscal 2023 results on Nov 21. Dell expects fiscal third-quarter revenues in the range of $23.8-$25 billion, suggesting an 8% decline on a year-over-year basis at the midpoint.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL is set to report its third-quarter fiscal 2023 results on Nov 21. Dell expects fiscal third-quarter revenues in the range of $23.8-$25 billion, suggesting an 8% 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 Let's see how things have shaped up for DELL before this announcement. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL is set to report its third-quarter fiscal 2023 results on Nov 21.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL is set to report its third-quarter fiscal 2023 results on Nov 21. Dell expects fiscal third-quarter revenues in the range of $23.8-$25 billion, suggesting an 8% decline on a year-over-year basis at the midpoint.
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2022-11-16 00:00:00 UTC
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Nvidia beats third-quarter revenue expectations
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DELL
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https://www.nasdaq.com/articles/nvidia-beats-third-quarter-revenue-expectations
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nan
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Adds Q3 revenue, background, CEO comment, share move
Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O beat expectations for third-quarter revenue on Wednesday, thanks to sustained demand in its data center business on the back of rising cloud adoption.
Shares of the company rose 3% in extended trading. They have declined roughly 43% so far this year, underperforming the Philadelphia SE Semiconductor index .SOX amid an industry downturn and a broader sell-off in the technology sector.
"We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products," said Chief Executive Jensen Huang.
Nvidia’s A100 data center chip and ramp-up in its “Hopper” series will help the company maintain its momentum in the data center space.
Cloud companies are increasingly using Nvidia chips in their systems. Microsoft MSFT.O is working with the company to build a “massive” computer to handle intense artificial intelligence computing work in the cloud.
As of August, Nvidia’s market share of so-called accelerator chips inside the world's six biggest clouds' infrastructure grew to 85%, according to a note by brokerage Jefferies in October.
While U.S. export restrictions have been a cause for worry, Nvidia’s production of a downgraded iteration of the A100, called A800, which complies with recent export control rules, has been a bright spot as it could help lessen the financial blow.
Moreover, Nvidia has been clearing piled-up inventory to make room for new product launches including gaming graphics chips series “Ada Lovelace”.
The company forecast revenue of $6 billion, plus or minus 2%. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data.
The company's adjusted revenue for the quarter ended Oct. 30 was $5.93 billion. Analysts on average had expected revenue of $5.77 billion, according to Refinitiv data.
(Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel)
((Chavi.Mehta@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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They have declined roughly 43% so far this year, underperforming the Philadelphia SE Semiconductor index .SOX amid an industry downturn and a broader sell-off in the technology sector. As of August, Nvidia’s market share of so-called accelerator chips inside the world's six biggest clouds' infrastructure grew to 85%, according to a note by brokerage Jefferies in October. Moreover, Nvidia has been clearing piled-up inventory to make room for new product launches including gaming graphics chips series “Ada Lovelace”.
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Nvidia’s A100 data center chip and ramp-up in its “Hopper” series will help the company maintain its momentum in the data center space. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data. Analysts on average had expected revenue of $5.77 billion, according to Refinitiv data.
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Adds Q3 revenue, background, CEO comment, share move Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O beat expectations for third-quarter revenue on Wednesday, thanks to sustained demand in its data center business on the back of rising cloud adoption. Nvidia’s A100 data center chip and ramp-up in its “Hopper” series will help the company maintain its momentum in the data center space. (Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel) ((Chavi.Mehta@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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Shares of the company rose 3% in extended trading. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data. Analysts on average had expected revenue of $5.77 billion, according to Refinitiv data.
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0ddf00a3-1b02-4930-b03f-982bda3b262b
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725616.0
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2022-11-16 00:00:00 UTC
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Nvidia forecasts fourth-quarter revenue below expectations
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DELL
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https://www.nasdaq.com/articles/nvidia-forecasts-fourth-quarter-revenue-below-expectations
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nan
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nan
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Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O forecast fourth-quarter revenue below estimates on Wednesday on worries that a weakened gaming market and tightening enterprise spending amid recessionary fears could deepen the blow to its main businesses.
The company forecast revenue of $6 billion, plus or minus 2%. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data.
(Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel)
((Chavi.Mehta@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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Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O forecast fourth-quarter revenue below estimates on Wednesday on worries that a weakened gaming market and tightening enterprise spending amid recessionary fears could deepen the blow to its main businesses. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data. (Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel) ((Chavi.Mehta@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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Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O forecast fourth-quarter revenue below estimates on Wednesday on worries that a weakened gaming market and tightening enterprise spending amid recessionary fears could deepen the blow to its main businesses. The company forecast revenue of $6 billion, plus or minus 2%. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data.
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Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O forecast fourth-quarter revenue below estimates on Wednesday on worries that a weakened gaming market and tightening enterprise spending amid recessionary fears could deepen the blow to its main businesses. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data. (Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel) ((Chavi.Mehta@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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Nov 16 (Reuters) - Chip designer Nvidia Corp NVDA.O forecast fourth-quarter revenue below estimates on Wednesday on worries that a weakened gaming market and tightening enterprise spending amid recessionary fears could deepen the blow to its main businesses. The company forecast revenue of $6 billion, plus or minus 2%. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data.
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5ca32831-1340-4c86-b7fc-0ef3469c38bd
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725617.0
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2022-11-16 00:00:00 UTC
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Dell reaches $1 billion settlement over disputed 2018 stock swap
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DELL
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https://www.nasdaq.com/articles/dell-reaches-%241-billion-settlement-over-disputed-2018-stock-swap
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nan
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nan
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By Jonathan Stempel
Nov 16 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company.
The all-cash settlement is subject to approval by a Delaware Chancery Court judge, and will be reflected in Dell's third-quarter results.
It resolves claims against the Round Rock, Texas-based computing and technology services company and controlling shareholders, including billionaire Chief Executive Michael Dell and private equity firm Silver Lake.
Silpa Maruri, a partner at Quinn Emanuel Urquhart & Sullivan representing the plaintiffs, said the accord appeared to be the largest cash class-action settlement in a Delaware state court.
The disputed December 2018 transaction involved a stock swap related to Dell's interest in software maker VMware.
Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock.
Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed.
A trial had been scheduled to begin next month.
The settlement also resolves claims against Goldman Sachs Group Inc GS.N, which advised Dell on the transaction and stood to receive a $70 million fee. Insurers may pay part of the settlement amount.
Maruri called the settlement a "great result for shareholders," citing the risks of going to trial.
"This settlement demonstrates that the rights of minority shareholders in companies need to be respected," she said.
Michael Dell was worth $52 billion on Tuesday, according to Forbes magazine.
(Reporting by Jonathan Stempel in New York; Editing by Elaine Hardcastle and Jonathan Oatis)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.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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It resolves claims against the Round Rock, Texas-based computing and technology services company and controlling shareholders, including billionaire Chief Executive Michael Dell and private equity firm Silver Lake. The settlement also resolves claims against Goldman Sachs Group Inc GS.N, which advised Dell on the transaction and stood to receive a $70 million fee. By Jonathan Stempel Nov 16 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company.
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By Jonathan Stempel Nov 16 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed.
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By Jonathan Stempel Nov 16 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed.
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By Jonathan Stempel Nov 16 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The all-cash settlement is subject to approval by a Delaware Chancery Court judge, and will be reflected in Dell's third-quarter results. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed.
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3a7f0823-da13-4105-8132-f3d39d369278
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725618.0
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2022-11-16 00:00:00 UTC
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Dell To Pay $1 Bln To Settle Class V Transaction Lawsuit
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DELL
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https://www.nasdaq.com/articles/dell-to-pay-%241-bln-to-settle-class-v-transaction-lawsuit
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nan
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nan
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(RTTNews) - Dell Technologies Inc. (DELL) Wednesday said it has agreed to pay $1 billion to settle a previously reported lawsuit relating to a Class V transaction that was completed on December 28, 2018.
In a filing with the U.S. Securities And Exchange Commission, the company said the lawsuit pending before the Delaware Court of Chancery will now be settled, subject to approval of such settlement by the Court, and the plaintiffs have agreed to dismissal of all claims.
Dell in 2018 paid $14.0 billion in cash and issued 149.39 million shares of its Class C common stock to holders of its Class V common stock in exchange for all outstanding shares of its Class V common stock.
Following this, certain Dell stockholders brought complaints against Michael Dell, certain other directors and stockholders, consisting of Michael Dell and Silver Lake Group LLC and certain of its affiliated funds. According to the plaintiffs class, the defendants offered a transaction value that was allegedly billions of dollars below fair value, and thus breached their fiduciary duties under Delaware law to the former holders of the Class V common stock.
The settlement also covers claims against Goldman Sachs & Co. LLC, which served as financial advisor to the company in connection with the Class V transaction.
The settlement amount of $1.0 billion will include all costs, expenses and fees of the plaintiff class relating to the action and its resolution. The amount will be paid by the Company and/or the Company's insurers on behalf of defendants.
Dell added that if the Court does not grant final approval of the settlement and all of its material terms, or the settlement does not otherwise become final or effective, proceedings in the action will continue.
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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(RTTNews) - Dell Technologies Inc. (DELL) Wednesday said it has agreed to pay $1 billion to settle a previously reported lawsuit relating to a Class V transaction that was completed on December 28, 2018. Dell in 2018 paid $14.0 billion in cash and issued 149.39 million shares of its Class C common stock to holders of its Class V common stock in exchange for all outstanding shares of its Class V common stock. Following this, certain Dell stockholders brought complaints against Michael Dell, certain other directors and stockholders, consisting of Michael Dell and Silver Lake Group LLC and certain of its affiliated funds.
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(RTTNews) - Dell Technologies Inc. (DELL) Wednesday said it has agreed to pay $1 billion to settle a previously reported lawsuit relating to a Class V transaction that was completed on December 28, 2018. Dell in 2018 paid $14.0 billion in cash and issued 149.39 million shares of its Class C common stock to holders of its Class V common stock in exchange for all outstanding shares of its Class V common stock. Following this, certain Dell stockholders brought complaints against Michael Dell, certain other directors and stockholders, consisting of Michael Dell and Silver Lake Group LLC and certain of its affiliated funds.
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(RTTNews) - Dell Technologies Inc. (DELL) Wednesday said it has agreed to pay $1 billion to settle a previously reported lawsuit relating to a Class V transaction that was completed on December 28, 2018. Dell in 2018 paid $14.0 billion in cash and issued 149.39 million shares of its Class C common stock to holders of its Class V common stock in exchange for all outstanding shares of its Class V common stock. Following this, certain Dell stockholders brought complaints against Michael Dell, certain other directors and stockholders, consisting of Michael Dell and Silver Lake Group LLC and certain of its affiliated funds.
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Dell in 2018 paid $14.0 billion in cash and issued 149.39 million shares of its Class C common stock to holders of its Class V common stock in exchange for all outstanding shares of its Class V common stock. Following this, certain Dell stockholders brought complaints against Michael Dell, certain other directors and stockholders, consisting of Michael Dell and Silver Lake Group LLC and certain of its affiliated funds. (RTTNews) - Dell Technologies Inc. (DELL) Wednesday said it has agreed to pay $1 billion to settle a previously reported lawsuit relating to a Class V transaction that was completed on December 28, 2018.
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bd2e3a40-1f7e-4e71-852c-5fbd6bfe10a7
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725619.0
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2022-11-15 00:00:00 UTC
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Endava PLC Sponsored ADR (DAVA) Q1 Earnings and Revenues Surpass Estimates
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DELL
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https://www.nasdaq.com/articles/endava-plc-sponsored-adr-dava-q1-earnings-and-revenues-surpass-estimates
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nan
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nan
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Endava PLC Sponsored ADR (DAVA) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.36%. A quarter ago, it was expected that this company would post earnings of $0.60 per share when it actually produced earnings of $0.64, delivering a surprise of 6.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Endava PLC Sponsored ADR, which belongs to the Zacks Computers - IT Services industry, posted revenues of $231.01 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 12.38%. This compares to year-ago revenues of $203.3 million. 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.
Endava PLC Sponsored ADR shares have lost about 58.5% since the beginning of the year versus the S&P 500's decline of -17%.
What's Next for Endava PLC Sponsored ADR?
While Endava PLC Sponsored ADR has underperformed 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 Endava PLC Sponsored ADR: 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 $0.62 on $217.95 million in revenues for the coming quarter and $2.60 on $905.18 million 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 34% 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, Dell Technologies (DELL), is yet to report results for the quarter ended October 2022. The results are expected to be released on November 21.
This computer and technology services provider is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of -32.9%. The consensus EPS estimate for the quarter has been revised 3% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
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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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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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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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18b50846-7363-45d6-a6b5-b33c2289cd62
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725620.0
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2022-11-15 00:00:00 UTC
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Hedge Fund Point 72 Builds Position in These Stocks; Should You?
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DELL
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https://www.nasdaq.com/articles/hedge-fund-point-72-builds-position-in-these-stocks-should-you
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nan
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nan
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Billionaire investor and hedge fund manager Steve Cohen’s Point 72 Asset Management has disclosed some interesting stakes in its September quarter holdings. A Form 13F filed yesterday showed that Point 72 has taken new positions in the following stocks.
Workday, Inc. (NASDAQ:WDAY)
Dell Technologies (NYSE:DELL)
Cenovus Energy (NYSE:CVE)
EOG Resources (NYSE:EOG)
Intuit (NASDAQ:INTU)
At the same time, considering the tough macroeconomic backdrop, the ace investor has completely exited positions in a few consumer goods stocks, including Coca-Cola (NYSE:KO), Nike (NYSE:NKE), McDonald’s (NYSE:MCD), and Kraft Heinz (NASDAQ:KHC).
Cohen’s fund has a whopping $25 billion in assets under management. Let’s take a look at three picks from Cohen's Q3 portfolio.
Biogen Inc. (NASDAQ:BIIB)
Biogen is an American multinational biotechnology company with a focus on the discovery, development, and delivery of therapies for the treatment of neurological diseases to patients worldwide.
Notably, Biogen holds the top spot in the fund, with 1.94% of Point 72’s portfolio allocation. In Q3, Cohen increased the stake in BIIB stock to 1.68 million shares (from 455,000 shares), valued at $448 million.
Is Biogen Stock a Buy or Sell?
On TipRanks, Biogen stock has a Moderate Buy consensus rating. This is based on 19 Buys and seven Hold ratings. Also, the average Biogen price target of $304.08 implies a modest 1.7% upside potential to current levels. Year to date, the stock has gained 22.5%.
Workday, Inc. (NASDAQ:WDAY)
Workday is an American on-demand financial management, human capital management, and Student information system software vendor. Cohen bought 1.06 million shares of Workday, valued at $161.64 million.
Workday is slated to report its third quarter Fiscal 2023 results on November 29. The Street expects Workday to post an adjusted diluted profit of $0.84 per share in Q3, meaningfully lower than the Q3FY21 figure of $1.10 per share. Meanwhile, revenue is pegged at $1.58 billion, 18.8% higher compared to the prior year's quarter figure.
Is Workday a Good Stock to Buy?
Analysts too are highly bullish about WDAY stock. On TipRanks, Workday has a Strong Buy consensus rating. This is based on 17 Buys and four Hold ratings. The average Workday price target of $214.11 implies 39.6% upside potential to current levels. In the past six months, the stock has lost 12.9%.
Dell Technologies (NYSE:DELL)
Global information technology giant, Dell Technologies offers hardware and software solutions. DELL is set to release its Q3FY23 results on November 21. Analysts expect Dell Technologies to post an adjusted profit of $1.61 per share in Q3, significantly lower than the prior-year figure of $2.37 per share. Further, total net revenue is pegged at $24.53 billion, representing a 13.6% year-over-year decline.
Nonetheless, Cohen bought 4.07 million shares ($139.31 million) of DELL in the quarter, alongside a call option on 2,500 shares.
Is DELL a Good Stock to Buy?
On TipRanks, DELL stock has a Moderate Buy consensus rating. This is based on ten Buys versus five Holds. The average Dell Technologies price forecast of $52.15 implies 23.4% upside potential to current levels. Amid the slowing demand for personal computers, DELL stock has lost 24% year to date.
Conclusion
As per the latest 13-F filing, Point 72’s portfolio value has increased from roughly $23.70 billion at Q2-end to $25.04 billion in Q3. Cohen’s significant exposure to Biogen reflects his strong conviction in the biopharmaceutical company. Seeing Cohen’s impressive history of stock selection, an investor may choose to follow his portfolio allocation strategy to optimize his or her investment returns.
Find out which stock the biggest hedge fund managers are buying right now.
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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Amid the slowing demand for personal computers, DELL stock has lost 24% year to date. Workday, Inc. (NASDAQ:WDAY) Dell Technologies (NYSE:DELL) Cenovus Energy (NYSE:CVE) EOG Resources (NYSE:EOG) Intuit (NASDAQ:INTU) At the same time, considering the tough macroeconomic backdrop, the ace investor has completely exited positions in a few consumer goods stocks, including Coca-Cola (NYSE:KO), Nike (NYSE:NKE), McDonald’s (NYSE:MCD), and Kraft Heinz (NASDAQ:KHC). Dell Technologies (NYSE:DELL) Global information technology giant, Dell Technologies offers hardware and software solutions.
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Workday, Inc. (NASDAQ:WDAY) Dell Technologies (NYSE:DELL) Cenovus Energy (NYSE:CVE) EOG Resources (NYSE:EOG) Intuit (NASDAQ:INTU) At the same time, considering the tough macroeconomic backdrop, the ace investor has completely exited positions in a few consumer goods stocks, including Coca-Cola (NYSE:KO), Nike (NYSE:NKE), McDonald’s (NYSE:MCD), and Kraft Heinz (NASDAQ:KHC). The average Dell Technologies price forecast of $52.15 implies 23.4% upside potential to current levels. Dell Technologies (NYSE:DELL) Global information technology giant, Dell Technologies offers hardware and software solutions.
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Workday, Inc. (NASDAQ:WDAY) Dell Technologies (NYSE:DELL) Cenovus Energy (NYSE:CVE) EOG Resources (NYSE:EOG) Intuit (NASDAQ:INTU) At the same time, considering the tough macroeconomic backdrop, the ace investor has completely exited positions in a few consumer goods stocks, including Coca-Cola (NYSE:KO), Nike (NYSE:NKE), McDonald’s (NYSE:MCD), and Kraft Heinz (NASDAQ:KHC). On TipRanks, DELL stock has a Moderate Buy consensus rating. Dell Technologies (NYSE:DELL) Global information technology giant, Dell Technologies offers hardware and software solutions.
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Is DELL a Good Stock to Buy? Workday, Inc. (NASDAQ:WDAY) Dell Technologies (NYSE:DELL) Cenovus Energy (NYSE:CVE) EOG Resources (NYSE:EOG) Intuit (NASDAQ:INTU) At the same time, considering the tough macroeconomic backdrop, the ace investor has completely exited positions in a few consumer goods stocks, including Coca-Cola (NYSE:KO), Nike (NYSE:NKE), McDonald’s (NYSE:MCD), and Kraft Heinz (NASDAQ:KHC). Dell Technologies (NYSE:DELL) Global information technology giant, Dell Technologies offers hardware and software solutions.
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b317185d-62a7-41d6-96e5-7e4d25df5aa6
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725621.0
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2022-11-14 00:00:00 UTC
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Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-dips-more-than-broader-markets%3A-what-you-should-know-1
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nan
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nan
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Dell Technologies (DELL) closed the most recent trading day at $42.25, moving -1.01% from the previous trading session. This move lagged the S&P 500's daily loss of 0.89%. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the computer and technology services provider had gained 24.58% over the past month, outpacing the Computer and Technology sector's gain of 10.6% and the S&P 500's gain of 11.42% in that time.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.59 per share, which would represent a year-over-year decline of 32.91%. Our most recent consensus estimate is calling for quarterly revenue of $24.34 billion, down 14.3% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.72 per share and revenue of $101.57 billion, which would represent changes of +8.04% and -5.11%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.72% lower within the past month. Dell Technologies is currently a Zacks Rank #5 (Strong Sell).
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 6.35 right now. Its industry sports an average Forward P/E of 26.59, so we one might conclude that Dell Technologies is trading at a discount comparatively.
We can also see that DELL currently has a PEG ratio of 0.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.22 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) closed the most recent trading day at $42.25, moving -1.01% from the previous trading session. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.59 per share, which would represent a year-over-year decline of 32.91%.
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Dell Technologies (DELL) closed the most recent trading day at $42.25, moving -1.01% from the previous trading session. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.59 per share, which would represent a year-over-year decline of 32.91%.
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Dell Technologies (DELL) closed the most recent trading day at $42.25, moving -1.01% from the previous trading session. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022.
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Dell Technologies is currently a Zacks Rank #5 (Strong Sell). Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) closed the most recent trading day at $42.25, moving -1.01% from the previous trading session.
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748fa2ee-5701-4755-b4b0-6ad8a6759d13
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725622.0
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2022-11-14 00:00:00 UTC
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Earnings Preview: Dell Technologies (DELL) Q3 Earnings Expected to Decline
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DELL
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https://www.nasdaq.com/articles/earnings-preview%3A-dell-technologies-dell-q3-earnings-expected-to-decline
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nan
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nan
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Wall Street expects a year-over-year decline in earnings on lower revenues when Dell Technologies (DELL) reports results for the quarter ended October 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on November 21, 2022, 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 $1.59 per share in its upcoming report, which represents a year-over-year change of -32.9%.
Revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 3.04% 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 -1.03%.
On the other hand, the stock currently carries a Zacks Rank of #5.
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 $1.63 per share when it actually produced earnings of $1.68, delivering a surprise of +3.07%.
Over the last four quarters, the company has beaten consensus EPS estimates three 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.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street expects a year-over-year decline in earnings on lower revenues when Dell Technologies (DELL) reports results for the quarter ended October 2022. 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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Wall Street expects a year-over-year decline in earnings on lower revenues when Dell Technologies (DELL) reports results for the quarter ended October 2022. 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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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. Wall Street expects a year-over-year decline in earnings on lower revenues when Dell Technologies (DELL) reports results for the quarter ended October 2022. 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. Wall Street expects a year-over-year decline in earnings on lower revenues when Dell Technologies (DELL) reports results for the quarter ended October 2022. How Have the Numbers Shaped Up for Dell Technologies?
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e3d9a091-e372-40a2-8c26-5aec2020859d
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725623.0
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2022-11-09 00:00:00 UTC
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Fair Isaac (FICO) Matches Q4 Earnings Estimates
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DELL
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https://www.nasdaq.com/articles/fair-isaac-fico-matches-q4-earnings-estimates
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nan
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nan
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Fair Isaac (FICO) came out with quarterly earnings of $4.40 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this financial services company would post earnings of $4.06 per share when it actually produced earnings of $4.47, delivering a surprise of 10.10%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fair Isaac, which belongs to the Zacks Computers - IT Services industry, posted revenues of $348.75 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.79%. This compares to year-ago revenues of $334.58 million. The company has topped consensus revenue estimates two 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.
Fair Isaac shares have added about 3.9% since the beginning of the year versus the S&P 500's decline of -19.7%.
What's Next for Fair Isaac?
While Fair Isaac 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 Fair Isaac: 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 $4.33 on $345.2 million in revenues for the coming quarter and $19 on $1.44 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 34% 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.
Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended October 2022. The results are expected to be released on November 21.
This computer and technology services provider is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of -32.9%. The consensus EPS estimate for the quarter has been revised 4.2% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fair Isaac Corporation (FICO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter.
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Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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e70e80a5-32e1-48b0-8a1d-c5c3224c40f4
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725624.0
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2022-11-09 00:00:00 UTC
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Archer Daniels Midland and Estee Lauder 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/archer-daniels-midland-and-estee-lauder-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 – November 8, 2022 – Zacks Equity Research shares Archer Daniels Midland ADM as the Bull of the Day and The Estee Lauder Companies, Inc. EL asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc. DELL.
Here is a synopsis of all five stocks.
Bull of the Day:
The Zacks Consumer Staples sector has fared better than most in 2022, down roughly 7% and widely outperforming the general market.
Companies in the sector have the advantageous ability to generate revenue in the face of many economic situations, helping explain why it’s been a brighter spot in an otherwise dim market.
A widely-recognized company residing in the realm, Archer Daniels Midland, has seen its near-term earnings outlook turn visibly bright over the last several months, helping to land the stock into the highly-coveted Zacks Rank #1 (Strong Buy).
Archer Daniels Midland is a leading producer of food and beverage ingredients and goods made from various agricultural products.
Let’s take a deeper dive into how the company currently stacks up.
Share Performance
Year-to-date, ADM shares have been visibly strong, tacking on more than 40% in value and leaving the S&P 500 in the dust.
Over the last month, shares have continued on their market-beating trajectory, up a double-digit 11% and again outperforming the S&P 500.
The strong price action of ADM shares in 2022 indicates that buyers have been present all year long, something we can’t say for the majority of stocks in 2022.
Valuation
Shares are reasonably priced, further bolstered by its Style Score of an A for Value.
ADM shares trade at a 12.9X forward earnings multiple, nicely beneath the 14.2X five-year median and reflecting a 35% discount relative to its Zacks sector average.
Quarterly Performance
ADM has been on an impressive earnings streak, exceeding both revenue and earnings estimates in eight consecutive quarters.
Just in its latest print, Archer Daniels Midland penciled in a sizable 31% bottom-line beat paired with a 7.8% sales surprise.
Dividends
Investors love dividends. After all, who doesn’t enjoy getting paid?
ADM’s annual dividend yield currently sits at 1.7%, lower than that of its Zacks sector. Still, the company’s 4.1% five-year annualized dividend growth rate helps to pick up the slack in a big way.
Further, ADM has a sustainable payout ratio of 22% of its earnings.
Bottom Line
One of the best ways investors can find expected winners is by utilizing the Zacks Rank – one of the most potent market tools out there that gives investors a massive advantage.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
Archer Daniels Midland would be an excellent stock for investors to keep on their watchlists, as displayed by its Zack Rank #1 (Strong Buy).
Bear of the Day:
The Zacks Consumer Staples sector has fared better than most in 2022, down roughly 7% and widely outperforming the general market.
However, one company in the realm that’s been a slight exception is The Estee Lauder Companies, Inc.
The Estee Lauder Companies is one of the world's leading manufacturers and marketers of skincare, makeup, fragrance, and hair care products. The company's products are sold through department stores, mass retailers, company-owned retail stores, hair salons, and travel-related establishments.
Analysts have been bearish regarding EL’s near-term earnings outlook, pushing it into a Zacks Rank #5 (Strong Sell).
Let’s take a deeper dive into the company.
Share Performance
It’s been a challenging road for EL shares in 2022, down more than 40% and widely underperforming the general market.
And over the last three months, shares have continued on their downward trajectory, down more than 20% and again underperforming the general market.
The adverse price action of EL shares tells us that sellers have remained in control, something we’ve seen with many stocks in a historically-volatile 2022.
Valuation
The company’s forward earnings multiple sits at 38.4X, on the higher end of the spectrum and perhaps steering away value-focused investors.
Further, the current value is above its five-year median of 34.1X and reflects a 92% premium relative to its Zacks sector average of 19.9X.
The company carries a Value Style Score of an F.
Quarterly Performance
Still, the company carries a strong earnings track record, surpassing the Zacks Consensus EPS Estimate in nine consecutive quarters. Just in its latest print, EL registered a 6.2% bottom-line beat.
Revenue results have also been strong, with EL penciling in seven top-line beats across its last ten quarters.
Bottom Line
Negative earnings estimate revisions and steep valuation multiples paint a less-than-ideal picture for the company in the short term.
The Estee Lauder Companies is a Zacks Rank #5 (Strong Sell), telling us it has a weak near-term earnings outlook.
Investors should pivot to stocks that either carry a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) – these stocks have a much stronger earnings outlook and potential to deliver explosive gains in the short term.
Additional content:
Can the PC Market Bounce Back from Its Recent Lows?
Global PC sales, which surged at the height of the pandemic, have once again started declining. Sales of PCs, which include laptops and tablets, saw an unexpected jump during the peak of the pandemic as millions worked remotely. However, demand appears to be declining once again as things return to normal and people go back to their workplaces and schools.
However, there are several other factors that are posing challenges for the PC market, the supply chain crisis being one of the biggest. It must overcome a number of obstacles, including a supply-chain problem. The industry thus needs to overcome these challenges to bounce back from the present situation.
Global PC Shipment Hit New Low
Several industries were left battered by the COVID-19 outbreak but some also managed to be big beneficiaries of the pandemic. One of them that benefited the most was the PC sector. However, things have once more shifted, and this year's sales are in free fall.
According to a report from Gartner, global PC shipments totaled 68 million units in the third quarter of 2022, a 19.5% decline year over year. This is the sharpest drop in nine years and the second straight quarter of double-digit decline. PC shipments totaled 72 million in the second quarter, recording a decline of 12.6% year over year.
PC sales started slowing last year once the economy started reopening. This year has particularly been worse given that sales have declined drastically in all the first three quarters of the year.
The primary reason behind the decline in the third quarter was the lack of demand for PCs during the back-to-school season and shrinking enterprise purchasing.
Challenges Galore
Industry leaders have been suffering the most because of the decline in demand for PCs. The top three PC makers have likewise had the biggest loss throughout this time, despite the fact that their ranking has not changed.
Lenovo Group Ltd., which is still the market leader, saw its market share increase in the third quarter of 2022 to 23.7%. However, on a year-over-year basis, LNGVY recorded a 16% decline in sales. This is also the fourth straight quarter of sales decline for Lenovo Group Limited.
HP Inc. held its position as the second largest in terms of market share. HP now holds 18% of the market share but it managed to sell only 12.7 million units. This is also the second consecutive quarter when HP had less than 20% market share. Moreover, HP recorded a 26.5% year-over-year decline in sales in the third quarter.
Dell Technologies Inc., the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The United States, one of the biggest markets, has seen a steep decline in PC sales in 2022. The U.S. PC market plummeted 17.3% in the third quarter, recording five straight quarters of declines. Slowing laptop sales is affecting the overall PC market in the United States, although demand for desktops showed modest improvement.
The PC industry is facing several challenges. Inflation has been a major concern in the United States, which has seen people cutting down on expensive goods. The third quarter saw the supply-chain crisis finally easing but high inventory is now a fresh concern as demand continues to shrink in both the consumer and business markets.
Lower demand for PC is also impacting semiconductor sales now. Several chipmakers have said that weaker demand for PCs is impacting its revenues.
Overall, 2022 has been fairly challenging for the PC market and experts believe that the market will not improve before 2023. Given the ongoing challenges and weak demand, 2022 is likely to see a 13% year-over-year fall in global PC shipments, according to Gartner. The firm had earlier predicted a 9.5% year-over-year decline in sales
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Zacks Investment Research
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HP Inc. (HPQ): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Archer Daniels Midland Company (ADM): Free Stock Analysis Report
The Estee Lauder Companies Inc. (EL): 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.
|
In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc. DELL. Dell Technologies Inc., the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc. DELL. Dell Technologies Inc., the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
|
In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc. DELL. Dell Technologies Inc., the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
|
In addition, Zacks Equity Research provides analysis on Lenovo Group Ltd. LNVGY, HP Inc. HPQ and Dell Technologies Inc. DELL. Dell Technologies Inc., the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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725625.0
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2022-11-08 00:00:00 UTC
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Can the PC Market Bounce Back From Its Recent Lows?
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DELL
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https://www.nasdaq.com/articles/can-the-pc-market-bounce-back-from-its-recent-lows
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nan
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nan
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Global PC sales, which surged at the height of the pandemic, have once again started declining. Sales of PCs, which include laptops and tablets, saw an unexpected jump during the peak of the pandemic as millions worked remotely. However, demand appears to be declining once again as things return to normal and people go back to their workplaces and schools.
However, there are several other factors that are posing challenges for the PC market, the supply chain crisis being one of the biggest. It must overcome a number of obstacles, including a supply-chain problem. The industry thus needs to overcome these challenges to bounce back from the present situation.
Global PC Shipment Hit New Low
Several industries were left battered by the COVID-19 outbreak but some also managed to be big beneficiaries of the pandemic. One of them that benefited the most was the PC sector. However, things have once more shifted, and this year's sales are in free fall.
According to a report from Gartner, global PC shipments totaled 68 million units in the third quarter of 2022, a 19.5% decline year over year. This is the sharpest drop in nine years and the second straight quarter of double-digit decline. PC shipments totaled 72 million in the second quarter, recording a decline of 12.6% year over year.
PC sales started slowing last year once the economy started reopening. This year has particularly been worse given that sales have declined drastically in all the first three quarters of the year.
The primary reason behind the decline in the third quarter was the lack of demand for PCs during the back-to-school season and shrinking enterprise purchasing.
Challenges Galore
Industry leaders have been suffering the most because of the decline in demand for PCs. The top three PC makers have likewise had the biggest loss throughout this time, despite the fact that their ranking has not changed.
Lenovo Group Limited LNVGY, which is still the market leader, saw its market share increase in the third quarter of 2022 to 23.7%. However, on a year-over-year basis, LNGVY recorded a 16% decline in sales. This is also the fourth straight quarter of sales decline for Lenovo Group Limited.
HP Inc. HPQ held its position as the second largest in terms of market share. HP now holds 18% of the market share but it managed to sell only 12.7 million units. This is also the second consecutive quarter when HP had less than 20% market share. Moreover, HP recorded a 26.5% year-over-year decline in sales in the third quarter.
Dell Technologies Inc. DELL, the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter.
Apple, Inc. AAPL is the only company among the top five to post a jump in shipments. AAPL’s shipments grew 7% year over year in the third quarter after recording a 9.3% jump in the previous quarter. AAPL currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The United States, one of the biggest markets, has seen a steep decline in PC sales in 2022. The U.S. PC market plummeted 17.3% in the third quarter, recording five straight quarters of declines. Slowing laptop sales is affecting the overall PC market in the United States, although demand for desktops showed modest improvement.
The PC industry is facing several challenges. Inflation has been a major concern in the United States, which has seen people cutting down on expensive goods. The third quarter saw the supply-chain crisis finally easing but high inventory is now a fresh concern as demand continues to shrink in both the consumer and business markets.
Lower demand for PC is also impacting semiconductor sales now. Several chipmakers like Advanced Micro Devices, Inc. AMD have said that weaker demand for PCs is impacting its revenues. AMD also said that poor demand for PC is having a negative impact on its outlook.
Overall, 2022 has been fairly challenging for the PC market and experts believe that the market will not improve before 2023. Given the ongoing challenges and weak demand, 2022 is likely to see a 13% year-over-year fall in global PC shipments, according to Gartner. The firm had earlier predicted a 9.5% year-over-year decline in sales
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc. DELL, the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report Global PC Shipment Hit New Low Several industries were left battered by the COVID-19 outbreak but some also managed to be big beneficiaries of the pandemic.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies Inc. DELL, the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. According to a report from Gartner, global PC shipments totaled 68 million units in the third quarter of 2022, a 19.5% decline year over year.
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Dell Technologies Inc. DELL, the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report According to a report from Gartner, global PC shipments totaled 68 million units in the third quarter of 2022, a 19.5% decline year over year.
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Dell Technologies Inc. DELL, the third largest player, saw its shipments plummet more than 20% in third-quarter 2022, after declining 5.2% in the previous quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report According to a report from Gartner, global PC shipments totaled 68 million units in the third quarter of 2022, a 19.5% decline year over year.
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03a78c79-c77b-4522-be27-a4fa5e1db62e
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725626.0
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2022-11-03 00:00:00 UTC
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Australian competition watchdog start proceedings against Dell's local unit
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DELL
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https://www.nasdaq.com/articles/australian-competition-watchdog-start-proceedings-against-dells-local-unit
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nan
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nan
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Nov 4 (Reuters) - The Australian Competition and Consumer Commission said on Friday it had instituted Federal Court proceedings against Dell Australia, a unit of Dell Technologies Inc DELL.N, for allegedly making misleading representations about add-on monitor costs.
(Reporting by Jaskiran Singh in Bengaluru; Editing by Rashmi Aich)
((Jaskiran.Singh@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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Nov 4 (Reuters) - The Australian Competition and Consumer Commission said on Friday it had instituted Federal Court proceedings against Dell Australia, a unit of Dell Technologies Inc DELL.N, for allegedly making misleading representations about add-on monitor costs. (Reporting by Jaskiran Singh in Bengaluru; Editing by Rashmi Aich) ((Jaskiran.Singh@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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Nov 4 (Reuters) - The Australian Competition and Consumer Commission said on Friday it had instituted Federal Court proceedings against Dell Australia, a unit of Dell Technologies Inc DELL.N, for allegedly making misleading representations about add-on monitor costs. (Reporting by Jaskiran Singh in Bengaluru; Editing by Rashmi Aich) ((Jaskiran.Singh@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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Nov 4 (Reuters) - The Australian Competition and Consumer Commission said on Friday it had instituted Federal Court proceedings against Dell Australia, a unit of Dell Technologies Inc DELL.N, for allegedly making misleading representations about add-on monitor costs. (Reporting by Jaskiran Singh in Bengaluru; Editing by Rashmi Aich) ((Jaskiran.Singh@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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Nov 4 (Reuters) - The Australian Competition and Consumer Commission said on Friday it had instituted Federal Court proceedings against Dell Australia, a unit of Dell Technologies Inc DELL.N, for allegedly making misleading representations about add-on monitor costs. (Reporting by Jaskiran Singh in Bengaluru; Editing by Rashmi Aich) ((Jaskiran.Singh@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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f50aab54-fa12-4b8a-be3d-660898556670
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725627.0
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2022-11-03 00:00:00 UTC
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Epam (EPAM) Q3 Earnings and Revenues Beat Estimates
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DELL
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https://www.nasdaq.com/articles/epam-epam-q3-earnings-and-revenues-beat-estimates
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nan
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nan
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Epam (EPAM) came out with quarterly earnings of $3.10 per share, beating the Zacks Consensus Estimate of $2.52 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 23.02%. A quarter ago, it was expected that this information technology services provider would post earnings of $1.71 per share when it actually produced earnings of $2.38, delivering a surprise of 39.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Epam, which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.23 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $988.54 million. 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.
Epam shares have lost about 51.1% since the beginning of the year versus the S&P 500's decline of -21.1%.
What's Next for Epam?
While Epam has underperformed 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 Epam: 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 $2.61 on $1.27 billion in revenues for the coming quarter and $9.94 on $4.85 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 33% 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.
Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended October 2022. The results are expected to be released on November 21.
This computer and technology services provider is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of -32.9%. The consensus EPS estimate for the quarter has been revised 4.9% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EPAM Systems, Inc. (EPAM): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter.
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Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Another stock from the same industry, Dell Technologies (DELL), has yet to report results for the quarter ended October 2022. Dell Technologies' revenues are expected to be $24.34 billion, down 14.3% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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c940a761-a874-4e76-a5e2-6b65801475ab
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725628.0
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2022-11-03 00:00:00 UTC
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Australian watchdog to take Dell to court for alleged misleading cost claims
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DELL
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https://www.nasdaq.com/articles/australian-watchdog-to-take-dell-to-court-for-alleged-misleading-cost-claims
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nan
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nan
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Adds details on proceedings, Dell response
Nov 4 (Reuters) - Australia's competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc DELL.N to court for allegedly misleading people about the cost of buying add-on monitors.
The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading representations on its website and the potential savings a customer got when an additional monitor was purchased with a computer.
"The ACCC alleges 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," ACCC Commissioner Liza Carver said.
In an emailed statement, Dell said the issue affected about 2,100 customers due to an error in its pricing processes which led to incorrect information being displayed on its website about the pricing and savings associated with certain monitors.
The company added that it was actively working to update its systems to prevent the error from re-occurring.
(Reporting by Jaskiran Singh and Upasana Singh in Bengaluru; Editing by Rashmi Aich)
((Jaskiran.Singh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details on proceedings, Dell response Nov 4 (Reuters) - Australia's competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc DELL.N to court for allegedly misleading people about the cost of buying add-on monitors. The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading representations on its website and the potential savings a customer got when an additional monitor was purchased with a computer. In an emailed statement, Dell said the issue affected about 2,100 customers due to an error in its pricing processes which led to incorrect information being displayed on its website about the pricing and savings associated with certain monitors.
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Adds details on proceedings, Dell response Nov 4 (Reuters) - Australia's competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc DELL.N to court for allegedly misleading people about the cost of buying add-on monitors. The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading representations on its website and the potential savings a customer got when an additional monitor was purchased with a computer. In an emailed statement, Dell said the issue affected about 2,100 customers due to an error in its pricing processes which led to incorrect information being displayed on its website about the pricing and savings associated with certain monitors.
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Adds details on proceedings, Dell response Nov 4 (Reuters) - Australia's competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc DELL.N to court for allegedly misleading people about the cost of buying add-on monitors. In an emailed statement, Dell said the issue affected about 2,100 customers due to an error in its pricing processes which led to incorrect information being displayed on its website about the pricing and savings associated with certain monitors. The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading representations on its website and the potential savings a customer got when an additional monitor was purchased with a computer.
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The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading representations on its website and the potential savings a customer got when an additional monitor was purchased with a computer. In an emailed statement, Dell said the issue affected about 2,100 customers due to an error in its pricing processes which led to incorrect information being displayed on its website about the pricing and savings associated with certain monitors. Adds details on proceedings, Dell response Nov 4 (Reuters) - Australia's competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc DELL.N to court for allegedly misleading people about the cost of buying add-on monitors.
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1d4c063b-cc50-41b6-b5dc-decb2b9579d5
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725629.0
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2022-11-02 00:00:00 UTC
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New Strong Sell Stocks for November 2nd
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DELL
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-november-2nd
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nan
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nan
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Dell Technologies Inc. DELL is an information technology solutions, products and services company. The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 60 days.
James River Group Holdings, Ltd. JRVR is a specialty insurance company. The Zacks Consensus Estimate for its current year earnings has been revised 8.2% downward over the last 60 days.
Cowen Inc. COWN is an investment banking and management services company. The Zacks Consensus Estimate for its current year earnings has been revised 23.5% downward over the last 60 days.
View the entire Zacks Rank #5 List.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Cowen Group, Inc. (COWN): Free Stock Analysis Report
James River Group Holdings, Ltd. (JRVR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Dell Technologies Inc. DELL is an information technology solutions, products and services company. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 60 days.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Dell Technologies Inc. DELL is an information technology solutions, products and services company. Cowen Group, Inc. (COWN): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Dell Technologies Inc. DELL is an information technology solutions, products and services company. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 60 days.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Dell Technologies Inc. DELL is an information technology solutions, products and services company. Dell Technologies Inc. (DELL): Free Stock Analysis Report 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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eff2b708-f530-4165-bbd6-3cffe0cee54c
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725630.0
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2022-10-31 00:00:00 UTC
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Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-dips-more-than-broader-markets%3A-what-you-should-know-0
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nan
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nan
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Dell Technologies (DELL) closed at $38.40 in the latest trading session, marking a -1.94% move from the prior day. This change lagged the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq added 0.13%.
Coming into today, shares of the computer and technology services provider had gained 14.6% in the past month. In that same time, the Computer and Technology sector gained 0.71%, while the S&P 500 gained 4.98%.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.61 per share, which would represent a year-over-year decline of 32.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $24.34 billion, down 14.3% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.76 per share and revenue of $101.63 billion. These totals would mark changes of +8.68% and -5.05%, respectively, from last year.
Any recent changes to analyst estimates for Dell Technologies should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.83% lower. Dell Technologies currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Dell Technologies currently has a Forward P/E ratio of 5.79. Its industry sports an average Forward P/E of 24.82, so we one might conclude that Dell Technologies is trading at a discount comparatively.
It is also worth noting that DELL currently has a PEG ratio of 0.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services industry currently had an average PEG ratio of 1.27 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DELL in the coming trading sessions, be sure to utilize Zacks.com.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
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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On that day, Dell Technologies is projected to report earnings of $1.61 per share, which would represent a year-over-year decline of 32.07%. Dell Technologies (DELL) closed at $38.40 in the latest trading session, marking a -1.94% move from the prior day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022.
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Dell Technologies (DELL) closed at $38.40 in the latest trading session, marking a -1.94% move from the prior day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.61 per share, which would represent a year-over-year decline of 32.07%.
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Dell Technologies (DELL) closed at $38.40 in the latest trading session, marking a -1.94% move from the prior day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022.
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Dell Technologies (DELL) closed at $38.40 in the latest trading session, marking a -1.94% move from the prior day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022.
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47f61ba2-9c80-4595-94fa-090e15343f56
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725631.0
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2022-10-28 00:00:00 UTC
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What Awaits Advanced Micro Devices (AMD) in Q3 Earnings?
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DELL
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https://www.nasdaq.com/articles/what-awaits-advanced-micro-devices-amd-in-q3-earnings
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nan
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nan
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Advanced Micro Devices AMD is set to release third-quarter 2022 results on Nov 1.
The company expects third-quarter revenues to be $5.6 billion, which indicates year-over-year growth of 29%. AMD previously expected revenues to increase 55% at the midpoint of guidance.
The Zacks Consensus Estimate for revenues is pegged at $5.58 billion, suggesting growth of 29.45% from the year-ago quarter’s reported figure.
The consensus estimate for third-quarter earnings is pegged at 67 cents per share, unchanged over the past 30 days. The figure indicates a decline of 8.22% on a year-over-year basis.
AMD’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, the earnings surprise being 14.85%, on average.
Advanced Micro Devices, Inc. Price and EPS Surprise
Advanced Micro Devices, Inc. price-eps-surprise | Advanced Micro Devices, Inc. Quote
Factors at Play
AMD’s preliminary third-quarter results reflect lower-than-expected client segment revenues due to reduced processor shipments resulting from weaker than expected PC market and significant inventory correction. The fall in client segment revenues is expected to have affected AMD’s revenue guidance in the third quarter.
Also, rising geo-political tensions between the United States and China, the global supply chain challenges that have hurt the semiconductor industry, the ongoing Russia-Ukraine war, which has caused natural gas prices to surge across Europe, rising inflation globally and the Fed’s interest rate hike are expected to have affected AMD’s top-line growth in the third quarter.
Also, AMD, which currently carries a Zacks Rank# 5 (Strong Sell), is facing stiff competition from its peers like NVIDIA NVDA and Intel INTC across other verticals where the company is operating.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NVIDIA is giving AMD tough competition in the high-performance computing (HPC) market. NVIDIA’s Grace CPU superchips have been benefiting from the rapid proliferation of Artificial Intelligence (AI) while the company is expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Intel is still the leading name in the consumer PC market and is the major competitor of AMD in this segment. INTC is gradually reducing its dependence on the PC-centric business by transitioning to data-centric businesses such as AI and autonomous driving.
However, AMD is expected to have earned significant revenues from its data center, gaming and embedded business segments as it invests heavily to diversify its product portfolio to cater to trending high-growth markets.
AMD’s third-quarter earnings expected to have gained from the improving performance of its Ryzen processors to help address the increasing proliferation of AI and Machine Learning across various high-growth margin industries.
AMD has also built strategic partnerships with companies like Dell Technologies DELL and original equipment manufacturer partners Hewlett Packard, Acer and Lenovo, which is expected to have helped it to launch new products, thus increasing revenue stream in the third quarter.
In late July, AMD collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The collaboration will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
The company’s top line is expected to have benefited from its acquisition of Xilinx. The buyout has expanded AMD's technology and product portfolio and helped access augmented reality space (AR).
Key Q3 Developments
During the third quarter, AMD announced that it formed a strategic collaboration with ECARX, a global mobility tech company, to develop an in-vehicle computing platform for next-generation electric vehicles.
During the to-be-reported quarter, it unveiled Ryzen Embedded V3000 series processors with the Zen 3 core to the V series portfolio. The processors are designed to provide greater CPU performance using less power than the older V1000 series.
AMD joined the newly-launched PyTorch foundation as a founding member. The organization is part of the non-profit Linux establishment, created to drive the adoption of AI.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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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Intel Corporation (INTC): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
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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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AMD has also built strategic partnerships with companies like Dell Technologies DELL and original equipment manufacturer partners Hewlett Packard, Acer and Lenovo, which is expected to have helped it to launch new products, thus increasing revenue stream in the third quarter. In late July, AMD collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD has also built strategic partnerships with companies like Dell Technologies DELL and original equipment manufacturer partners Hewlett Packard, Acer and Lenovo, which is expected to have helped it to launch new products, thus increasing revenue stream in the third quarter. In late July, AMD collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD has also built strategic partnerships with companies like Dell Technologies DELL and original equipment manufacturer partners Hewlett Packard, Acer and Lenovo, which is expected to have helped it to launch new products, thus increasing revenue stream in the third quarter. In late July, AMD collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD has also built strategic partnerships with companies like Dell Technologies DELL and original equipment manufacturer partners Hewlett Packard, Acer and Lenovo, which is expected to have helped it to launch new products, thus increasing revenue stream in the third quarter. In late July, AMD collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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2022-10-26 00:00:00 UTC
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Will Slowing Services Growth Hurt Apple's (AAPL) Q4 Earnings?
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DELL
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https://www.nasdaq.com/articles/will-slowing-services-growth-hurt-apples-aapl-q4-earnings
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nan
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Apple’s AAPL fourth-quarter fiscal 2022 results, to be reported on Oct 27, 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 23.6% of sales in third-quarter fiscal 2022.
Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as the company’s new cash cow.
Apple currently has more than 860 million paid subscribers across its Services portfolio. 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 expects Services revenues to be lower than that reported in the June-end quarter due to challenging macroeconomic conditions and unfavorable forex. Services revenues grew 12.1% year over year to $19.60 billion in the fiscal third quarter.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
Click here to know how Apple’s overall fiscal fourth-quarter results are likely to be.
Apple’s Non-iPhone Portfolio to Boost Revenues
Apple’s non-iPhone portfolio, which comprises Mac, iPad and Wearables, is expected to have aided its top-line growth in the fiscal fourth quarter.
This Zacks Rank #3 (Hold) company’s Mac is expected to have continued to win market share. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Per Gartner’s latest report, 68 million PCs were shipped in the third quarter (September-end) of 2022, down 19.5% from the year-ago period. Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 15.3%, 27.9% and 21.1% declines, respectively. Apple witnessed a 15.6% decline, much better than HP and Dell’s figures.
Overall, Lenovo remained the top vendor, with a market share of 25.2%. HP holds the second spot, with a market share of 18.7% in worldwide PC shipments. Dell’s market share was 17.7% in third-quarter 2022.
While Lenovo gained market share, both HP and Dell lost. Then again, Apple’s market share grew from 8.1% to 8.5%.
Apple made available the M2-supported MacBook Air in the fiscal fourth quarter. The 13-inch MacBook Pro was launched in the fiscal third quarter.
In the to-be-reported quarter, Apple expanded its self-service repair program for MacBook Air and MacBook Pro notebooks with the M1 family of chips.
The Zacks Consensus Estimate for Mac revenues for the fiscal fourth quarter is pegged at $9.01 billion, implying a 1.8% decline from the figure reported in the year-ago quarter.
Apple has also been riding on its strong market share in the wearables space. The company’s endeavor to add healthcare features to its smartwatch has been a game changer for the device, which faces significant competition from the likes of Google, Xiaomi, Samsung Electronics and Huawei Technologies.
The consensus estimate for Wearables, Home and Accessories revenues is pegged at $9.24 billion, indicating 5.2% growth from the figure reported in the year-ago quarter.
However, iPad sales are expected to decline in the to-be-reported quarter. The Zacks Consensus Estimate for the same is pegged at $7.62 billion, suggesting a 7.6% decline from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
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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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 15.3%, 27.9% and 21.1% declines, respectively. Apple witnessed a 15.6% decline, much better than HP and Dell’s figures. Dell’s market share was 17.7% in third-quarter 2022.
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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 15.3%, 27.9% and 21.1% declines, respectively. Dell Technologies Inc. (DELL): Free Stock Analysis Report Apple witnessed a 15.6% decline, much better than HP and Dell’s figures.
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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 15.3%, 27.9% and 21.1% declines, respectively. Apple witnessed a 15.6% decline, much better than HP and Dell’s figures. Dell’s market share was 17.7% in third-quarter 2022.
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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 15.3%, 27.9% and 21.1% declines, respectively. Apple witnessed a 15.6% decline, much better than HP and Dell’s figures. Dell’s market share was 17.7% in third-quarter 2022.
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725633.0
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2022-10-25 00:00:00 UTC
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Dell Technologies (DELL) Gains But Lags Market: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-gains-but-lags-market%3A-what-you-should-know-2
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In the latest trading session, Dell Technologies (DELL) closed at $37.74, marking a +1.23% move from the previous day. The stock lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Coming into today, shares of the computer and technology services provider had gained 7.44% in the past month. In that same time, the Computer and Technology sector gained 0.92%, while the S&P 500 gained 2.94%.
Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date. This is expected to be November 21, 2022. In that report, analysts expect Dell Technologies to post earnings of $1.61 per share. This would mark a year-over-year decline of 32.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $24.34 billion, down 14.3% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.76 per share and revenue of $101.63 billion, which would represent changes of +8.68% and -5.05%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.83% lower within the past month. Dell Technologies is currently a Zacks Rank #5 (Strong Sell).
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.51 right now. Its industry sports an average Forward P/E of 23.27, so we one might conclude that Dell Technologies is trading at a discount comparatively.
It is also worth noting that DELL currently has a PEG ratio of 0.46. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services industry currently had an average PEG ratio of 1.22 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its industry sports an average Forward P/E of 23.27, so we one might conclude that Dell Technologies is trading at a discount comparatively. In the latest trading session, Dell Technologies (DELL) closed at $37.74, marking a +1.23% move from the previous day. Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date.
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In the latest trading session, Dell Technologies (DELL) closed at $37.74, marking a +1.23% move from the previous day. Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date. In that report, analysts expect Dell Technologies to post earnings of $1.61 per share.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report In the latest trading session, Dell Technologies (DELL) closed at $37.74, marking a +1.23% move from the previous day. Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date.
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In the latest trading session, Dell Technologies (DELL) closed at $37.74, marking a +1.23% move from the previous day. Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date. In that report, analysts expect Dell Technologies to post earnings of $1.61 per share.
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725634.0
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2022-10-21 00:00:00 UTC
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2 Reasons to Buy Apple Stock, and 1 Reason to Sell
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DELL
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https://www.nasdaq.com/articles/2-reasons-to-buy-apple-stock-and-1-reason-to-sell
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Apple's (NASDAQ: AAPL) brand power and robust sales of iPhones and Macs have provided a cushion under the stock in a volatile year for the markets. Year to date, shares of Apple have fallen 19%, which is slightly better than the S&P 500 index decline of 22.5% at the time of writing. As investors well know, many growth-oriented tech stocks have fallen much harder.
With high inflation causing increasing uncertainty about the direction of the economy and the stock market, investors are probably wondering whether they should buy or sell Apple right now.
While there are good reasons to believe Apple can continue to outperform the market in this environment, the company doesn't necessarily make affordable products, which could be a problem if the economy slows further in 2023.
Let's first review two reasons to be bullish on Apple before considering why you still might want to avoid the stock.
Gaining market share
The markets Apple competes in are highly competitive. There are many vendors for smartphones, PCs, and tablets, and these devices were in high demand during the pandemic with more people working from home. This makes Apple's recent share gain in smartphones all the more impressive.
Samsung is the top smartphone manufacturer, with 21.8% market share in the second quarter. Apple is second with 15.6%, but both companies have gained share over the last year at the expense of the rest of the market. Apple's share was up from 14.2% in the same quarter of 2021.
Apple is also gaining share with the Mac. In the third quarter, Mac overtook Dell for the top spot in the U.S. market for personal computers with a 28.8% share. This important gain comes as Apple is enjoying strong demand for its new Mac lineup powered by its proprietary M1 processors, recently moving into the M2 generation.
Clearly, these market share gains reflect a strong brand but also a superior supply chain during a time of shortages across the semiconductor industry. CEO Tim Cook's experience as Apple's Chief Operating Officer under Steve Jobs shouldn't be overlooked.
Demand for iPhone 14 Pro Max
Apple set a record for iPhone revenue in the fiscal third quarter ending in June, and analysts expect another relatively strong quarter of sales in the next quarter. The consensus analyst estimate is calling for total revenue to grow 6.6% year over year, but one analyst believes Apple will report even better numbers.
The new iPhone 14 Pro Max, which sells at the premium price of $1,099, has experienced stronger demand than Apple expected. The company has reportedly cut production of the cheaper iPhone 14 Plus, as more customers opt for the top-shelf model. Morgan Stanley analyst Erik Woodring believes Apple will report a better-than-expected quarter due to sales of iPhone, iPad, and Mac remaining stable amid a challenging economic environment. Woodring sees Apple reporting revenue about 3% above the $88.9 billion consensus revenue estimate for the September-ending quarter.
iPhone risks and premium valuation
One uncertainty for Apple looking ahead to 2023 is a lengthening replacement cycle for iPhone. Some users upgrade about every three to four years, according to some estimates. Since the iPhone still makes up about half of total revenue, this could present a problem for Apple's growth if consumers start to hold back on upgrading to new iPhones in a recession.
This presents a near-term downside risk to the stock price that investors have to decide if they are willing to accept in order to achieve long-term gain. The stock trades at a forward price-to-earnings (P/E) ratio of 22, which is a premium to the S&P 500's forward P/E of 17. One weak quarter would likely send the stock down from these valuation levels.
Apple generated over $100 billion in free cash flow over the last year and has nearly as much in net cash sitting in the bank. It's a financial fortress that can navigate difficult waters in the economy. But if you are looking for undervalued stocks with low downside risk in the near term, Apple doesn't fit those criteria.
With the stock trading at a premium valuation, I would be cautious about buying Apple shares in an era of inflation at 40-year records.
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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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In the third quarter, Mac overtook Dell for the top spot in the U.S. market for personal computers with a 28.8% share. Apple's (NASDAQ: AAPL) brand power and robust sales of iPhones and Macs have provided a cushion under the stock in a volatile year for the markets. While there are good reasons to believe Apple can continue to outperform the market in this environment, the company doesn't necessarily make affordable products, which could be a problem if the economy slows further in 2023.
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In the third quarter, Mac overtook Dell for the top spot in the U.S. market for personal computers with a 28.8% share. This makes Apple's recent share gain in smartphones all the more impressive. Demand for iPhone 14 Pro Max Apple set a record for iPhone revenue in the fiscal third quarter ending in June, and analysts expect another relatively strong quarter of sales in the next quarter.
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In the third quarter, Mac overtook Dell for the top spot in the U.S. market for personal computers with a 28.8% share. Apple's (NASDAQ: AAPL) brand power and robust sales of iPhones and Macs have provided a cushion under the stock in a volatile year for the markets. With high inflation causing increasing uncertainty about the direction of the economy and the stock market, investors are probably wondering whether they should buy or sell Apple right now.
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In the third quarter, Mac overtook Dell for the top spot in the U.S. market for personal computers with a 28.8% share. Apple is second with 15.6%, but both companies have gained share over the last year at the expense of the rest of the market. Apple's share was up from 14.2% in the same quarter of 2021.
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725635.0
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2022-10-20 00:00:00 UTC
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Dell Technologies Moves Up In Market Cap Rank, Passing Carmax
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DELL
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https://www.nasdaq.com/articles/dell-technologies-moves-up-in-market-cap-rank-passing-carmax
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nan
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Carmax Inc. (Symbol: KMX), according to The Online Investor.
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $9.03B, versus Carmax Inc. (Symbol: KMX) at $8.92B.
Below is a three month price history chart comparing the stock performance of DELL vs. KMX (Note that we have found 9 splits in the DELL split history):
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which indices will include the stock, and which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). And ETFs that directly follow an index like the S&P 500 will only own the underlying component of that index, selling companies that lose their status as an S&P 500 company, and buying companies when they are added to the index. So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at TheOnlineInvestor.com find value to putting together these looks at comparative market capitalization daily.
Examine the full DELL market cap history vs. the full KMX market cap history.
At the closing bell, DELL is up about 1.1%, while KMX is down about 1.8% on the day Thursday.
The 20 Largest U.S. Companies By Market Capitalization »
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 three month price history chart comparing the stock performance of DELL vs. KMX (Note that we have found 9 splits in the DELL split history): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Carmax Inc. (Symbol: KMX), according to The Online Investor. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $9.03B, versus Carmax Inc. (Symbol: KMX) at $8.92B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Carmax Inc. (Symbol: KMX), according to The Online Investor. In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $9.03B, versus Carmax Inc. (Symbol: KMX) at $8.92B. Examine the full DELL market cap history vs. the full KMX market cap history.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Carmax Inc. (Symbol: KMX), according to The Online Investor. Below is a three month price history chart comparing the stock performance of DELL vs. KMX (Note that we have found 9 splits in the DELL split history): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $9.03B, versus Carmax Inc. (Symbol: KMX) at $8.92B.
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In the case of Dell Technologies Inc (Symbol: DELL), the market cap is now $9.03B, versus Carmax Inc. (Symbol: KMX) at $8.92B. Examine the full DELL market cap history vs. the full KMX market cap history. In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dell Technologies Inc (Symbol: DELL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Carmax Inc. (Symbol: KMX), according to The Online Investor.
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2022-10-20 00:00:00 UTC
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Microsoft (MSFT) to Report Q1 Earnings: What's in the Cards?
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DELL
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https://www.nasdaq.com/articles/microsoft-msft-to-report-q1-earnings%3A-whats-in-the-cards
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nan
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Microsoft MSFT is set to report first-quarter fiscal 2023 results on Oct 25.
The Zacks Consensus Estimate for revenues is pegged at $49.58 billion, indicating growth of 9.41% from the figure reported in the year-ago quarter.
The consensus mark for earnings has declined 0.4% to $2.30 per share over the past 30 days, suggesting 1.32% growth from the figure reported in the year-ago quarter.
Microsoft’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, the average surprise being 4.53%.
Let’s see how things have shaped up for the upcoming announcement:
Microsoft Corporation Price and EPS Surprise
Microsoft Corporation price-eps-surprise | Microsoft Corporation Quote
Teams Momentum to Aid Growth
Continued strength in its cloud computing platform, Azure, is expected to have positively impacted Microsoft’s fiscal first-quarter numbers. Azure has been witnessing rapid adoption owing to the accelerated digital transformation by business enterprises globally. Microsoft’s industry-specific cloud offering is also driving adoption.
Intelligent Cloud revenues are anticipated between $20.3 billion and $20.6 billion in the fiscal first quarter. Azure's revenue growth is likely to have been aided by continued strength in consumption-based services.
The Zacks Consensus Estimate for Intelligent Cloud revenues is currently pegged at $20.4 billion, indicating 20.3% growth from the figure reported in the year-ago quarter.
The momentum witnessed for Teams, Microsoft’s workspace communication offering, might have acted as a tailwind. Teams’ user growth is expected to have been driven by the continuation of remote work and mainstream adoption of the hybrid/flexible work model.
The introductions of Teams Rooms, Mesh for Teams and Teams Essentials are noteworthy developments. More than 60% of the Fortune 500 have chosen Teams Rooms to connect employees across the hybrid workplace so far in 2022.
Teams’ expanding customer base and features have been actually helping Microsoft win share in the enterprise communication market against Zoom ZM. Shares of Microsoft have plunged 58.5% year to date against Zoom’s decline of 29.7%.
Revenues from Enterprise customers grew 31% year over year and represented 52% of total revenues, up from 45% in fourth-quarter fiscal 2022. The number of Enterprise customers grew 24% year over year to more than 198,900.
Strong adoption of Dynamics 365 is expected to have driven top-line growth in the to-be-reported quarter. Microsoft expects revenue growth for Dynamics to be in the mid-to-high teens range, driven by strength in Dynamics 365, including continued momentum in PowerApps.
PC Shipment Decline Likely 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 weak PC demand.
The decline seen in personal computer (PC) shipments in the first half of 2022, after two consecutive years of strong year-over-year growth, aggravated in the calendar third quarter, according to the latest data compiled by market research firm, Gartner.
Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments.
Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units.
Continued weakness in the PC market demand and advertising spend is expected to have adversely impacted Windows OEM, Surface, LinkedIn, and search and news advertising revenues.
This Zacks Rank #4 (Sell) company expects Surface revenues to decline in the lower single-digit range.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In Windows commercial products and cloud services, customer demand for Microsoft 365 and advanced security solutions is expected to drive growth in the high single digits. The consensus mark for revenues from Windows stands at $5.36 billion.
In More Personal Computing, Microsoft expects revenues to grow between 1% and 4% in constant currency (cc) or $13 billion to $13.4 billion. The company expects overall Windows OEM revenues to decline in the high single digits.
The Zacks Consensus Estimate for More Personal Computing revenues is currently pegged at $13.12 billion, indicating a 1.4% decline from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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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Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Among big PC vendors, Dell Technologies DELL, Apple AAPL and Lenovo registered a decrease in shipments. Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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38c4c142-55fa-4332-b708-ea063f0a9876
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725637.0
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2022-10-17 00:00:00 UTC
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Dell Technologies (DELL) Gains But Lags Market: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-gains-but-lags-market%3A-what-you-should-know-1
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nan
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nan
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In the latest trading session, Dell Technologies (DELL) closed at $34.47, marking a +0.61% move from the previous day. This change lagged the S&P 500's 2.65% gain on the day. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
Prior to today's trading, shares of the computer and technology services provider had lost 9.75% over the past month. This has was narrower than the Computer and Technology sector's loss of 12.03% and lagged the S&P 500's loss of 8.99% in that time.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.62 per share, which would represent a year-over-year decline of 31.65%. Meanwhile, our latest consensus estimate is calling for revenue of $24.42 billion, down 14.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.78 per share and revenue of $101.92 billion. These totals would mark changes of +9% and -4.78%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% lower. Dell Technologies is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 5.06. Its industry sports an average Forward P/E of 20.38, so we one might conclude that Dell Technologies is trading at a discount comparatively.
Also, we should mention that DELL has a PEG ratio of 0.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computers - IT Services was holding an average PEG ratio of 1.01 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 130, putting it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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 >>
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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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In the latest trading session, Dell Technologies (DELL) closed at $34.47, marking a +0.61% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.62 per share, which would represent a year-over-year decline of 31.65%.
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In the latest trading session, Dell Technologies (DELL) closed at $34.47, marking a +0.61% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.62 per share, which would represent a year-over-year decline of 31.65%.
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In the latest trading session, Dell Technologies (DELL) closed at $34.47, marking a +0.61% move from the previous day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022.
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In the latest trading session, Dell Technologies (DELL) closed at $34.47, marking a +0.61% move from the previous day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022.
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dba6f108-e207-4896-9b70-eb091b4afd71
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725638.0
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2022-10-16 00:00:00 UTC
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Broadcom banking on early EU approval of $61 bln VMware deal -sources
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DELL
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https://www.nasdaq.com/articles/broadcom-banking-on-early-eu-approval-of-%2461-bln-vmware-deal-sources
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nan
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nan
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By Foo Yun Chee
BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom AVGO.O will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware VMW.N by pointing to competition from Amazon AMZN.O, Microsoft MSFT.O and Google GOOGL.O, people familiar with the matter said.
Announced in May, the deal is the second biggest globally so far this year and marks Broadcom's attempt to diversify its business into enterprise software.
Tech deals have drawn intense scrutiny from regulators around the world concerned about power concentration in a few players and the possibility of bigger companies acquiring start-ups only to shut them down.
"This (deal) is creating more competition in the cloud market where there are very big players now. This doesn't have to go to phase two at all," one of the people said, referring to the European Commission's four-month long second phase investigation.
"For the Commission to go to phase two, there has to be a real competition problem -horizontal, vertical, foreclosure risk - and I think we can show those risks don't really exist in this case," the person said.
Broadcom has yet to seek EU approval for the deal.
"We continue to make progress with our various regulatory filings around the world, with that work moving ahead as expected," the company said.
In its review of Dell's DELL.N $67 billion acquisition of data storage company EMC Corp in 2016, the EU competition enforcer said EMC's VMware had a strong position but not the ability nor the incentive to shut out competitors.
"In the last five years, what we have seen is an exponential growth of competitive pressure on VMWare on the part of those competitors that the Commission didn't take into account," another person said, referring to Amazon, Microsoft and Google, the top three cloud services providers.
"This should be a first phase investigation based on the facts," the person said, referring to the EU preliminary merger review.
(Reporting by Foo Yun Chee; Editing by Josie Kao)
((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters Messaging: foo.yunchee.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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In its review of Dell's DELL.N $67 billion acquisition of data storage company EMC Corp in 2016, the EU competition enforcer said EMC's VMware had a strong position but not the ability nor the incentive to shut out competitors. By Foo Yun Chee BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom AVGO.O will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware VMW.N by pointing to competition from Amazon AMZN.O, Microsoft MSFT.O and Google GOOGL.O, people familiar with the matter said. Tech deals have drawn intense scrutiny from regulators around the world concerned about power concentration in a few players and the possibility of bigger companies acquiring start-ups only to shut them down.
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In its review of Dell's DELL.N $67 billion acquisition of data storage company EMC Corp in 2016, the EU competition enforcer said EMC's VMware had a strong position but not the ability nor the incentive to shut out competitors. By Foo Yun Chee BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom AVGO.O will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware VMW.N by pointing to competition from Amazon AMZN.O, Microsoft MSFT.O and Google GOOGL.O, people familiar with the matter said. This doesn't have to go to phase two at all," one of the people said, referring to the European Commission's four-month long second phase investigation.
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In its review of Dell's DELL.N $67 billion acquisition of data storage company EMC Corp in 2016, the EU competition enforcer said EMC's VMware had a strong position but not the ability nor the incentive to shut out competitors. By Foo Yun Chee BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom AVGO.O will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware VMW.N by pointing to competition from Amazon AMZN.O, Microsoft MSFT.O and Google GOOGL.O, people familiar with the matter said. "In the last five years, what we have seen is an exponential growth of competitive pressure on VMWare on the part of those competitors that the Commission didn't take into account," another person said, referring to Amazon, Microsoft and Google, the top three cloud services providers.
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In its review of Dell's DELL.N $67 billion acquisition of data storage company EMC Corp in 2016, the EU competition enforcer said EMC's VMware had a strong position but not the ability nor the incentive to shut out competitors. By Foo Yun Chee BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom AVGO.O will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware VMW.N by pointing to competition from Amazon AMZN.O, Microsoft MSFT.O and Google GOOGL.O, people familiar with the matter said. This doesn't have to go to phase two at all," one of the people said, referring to the European Commission's four-month long second phase investigation.
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f7d7d0f2-0ecd-46c4-bc85-8309acaacb5d
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725639.0
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2022-10-13 00:00:00 UTC
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1 Reason You Don't Want to Own PC Makers Like HP and Dell Right Now
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DELL
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https://www.nasdaq.com/articles/1-reason-you-dont-want-to-own-pc-makers-like-hp-and-dell-right-now
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nan
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nan
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None of the major computer companies have released last quarter's earnings results yet. But they're likely to be disappointing.
That's the bigger takeaway from International Data Corp.'s most recent look at quarterly PC sales, anyway. Already slowing down from the pandemic-driven buying boom, demand for personal computers plummeted in the third quarter, boding poorly for most of the industry's upcoming earnings reports. It's the last thing the already struggling technology sector needs right now.
PC shipments are down ... again
All told, computer shipments fell 15% year over year to 74.3 million last quarter, rising just slightly from the second quarter's suppressed figure. That's not a huge mathematical stumble, but it is significant by the slow-moving PC market's standards. It's also the second consecutive quarter the industry has suffered such a slowdown.
HP (NYSE: HPQ) led the way lower, with its PC shipments down nearly 28% compared to Q3 2021's tally, although Dell Technologies (NYSE: DELL) wasn't far behind with a year-over-year decline of more than 20%. Lenovo's deliveries slipped a tad over 16%.
Data source: International Data Corporation. Chart by author.
Apple (NASDAQ: AAPL) is the one bright spot, with unit sales surging over 40% versus the third quarter of last year. IDC, however, also points out Apple's promotional efforts during Q3 may have played a key role in the company's ability to buck the bigger trend. And even so, it wasn't enough to offset the business's broad slowdown.
IDC also notes that after several quarterly increases linked to COVID-19, the average selling price for a new PC has now fallen for two quarters in a row, underscoring the fresh headwind.
Too much full-year confidence?
For better or worse, this headwind may already be factored into the upcoming quarterly earnings reports for most of these names.
Take Dell for instance. Analysts are collectively calling for more than a 13% year-over-year revenue dip for the three-month stretch ending this month, driving per-share profits down from $2.37 a year ago to $1.61 per share. HP's earnings are expected to slide from $0.94 for the comparable quarter of last year to only $0.85 per share this time around, thanks to an 11% year-over-year sales slump. That's better than Dell's by virtue of being less bad. Just bear in mind HP also operates a printing business that's considerably more consistent than its PC venture. Apple's revenue is even more diversified, with the bulk of it still consisting of sales of its popular iPhone.
Still, seeing their worst fears confirmed in writing has the potential to rattle investors, who may already be uneasy about the overall condition of the market.
Perhaps the greater concern here, however, should be the trend IDC is pointing out that isn't yet reflected in these companies' earnings outlooks. While the quarters ending this month are expected to be poor ones, that same doubt doesn't apply to the whole year.
HP's fiscal 2023 (ending in October of next year) top line is projected to be lower by only a little over 4%, and matched by a comparable contraction in earnings. Following several quarters' worth of significant sales slowdown and two consecutive quarters of lower selling prices, though, it's not inconceivable that the coming year's expectations are set to be dialed back.
Ditto for Dell. The analyst community is calling for flat sales for the fiscal year ending in January, yet is still modeling a per-share profit improvement from $6.22 last year to $6.78 this time around. A weaker-than-expected quarter -- and weaker-than-expected PC market -- could force analysts as well as investors to reel in their expectations. That, too, could prompt investors to rethink their positions in the stock.
Not even the venerable Apple is necessarily immune to the industry's struggles. While it's still predominantly an iPhone company, the personal computer market's weakness may reflect consumers' growing worries about the current condition of the economy.
Better out than in
Only time will tell just how much of a toll the fading PC market is taking on computer makers' bottom lines. But, not much more time is needed. HP will report its fiscal fourth-quarter numbers sometime in late November, while Dell will post its Q3 numbers around that same time. Apple's fourth-quarter numbers are coming near the end of this month.
Given what is known about waning PC demand from IDC's data, this is a case where it makes more sense to be out of these stocks and on the sidelines, waiting for a clear reason to get back in.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Dell Technologies Inc., and HP. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. 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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HP (NYSE: HPQ) led the way lower, with its PC shipments down nearly 28% compared to Q3 2021's tally, although Dell Technologies (NYSE: DELL) wasn't far behind with a year-over-year decline of more than 20%. Take Dell for instance. That's better than Dell's by virtue of being less bad.
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HP (NYSE: HPQ) led the way lower, with its PC shipments down nearly 28% compared to Q3 2021's tally, although Dell Technologies (NYSE: DELL) wasn't far behind with a year-over-year decline of more than 20%. The Motley Fool has positions in and recommends Apple, Dell Technologies Inc., and HP. Take Dell for instance.
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HP (NYSE: HPQ) led the way lower, with its PC shipments down nearly 28% compared to Q3 2021's tally, although Dell Technologies (NYSE: DELL) wasn't far behind with a year-over-year decline of more than 20%. Take Dell for instance. That's better than Dell's by virtue of being less bad.
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The Motley Fool has positions in and recommends Apple, Dell Technologies Inc., and HP. HP (NYSE: HPQ) led the way lower, with its PC shipments down nearly 28% compared to Q3 2021's tally, although Dell Technologies (NYSE: DELL) wasn't far behind with a year-over-year decline of more than 20%. Take Dell for instance.
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e92643dd-cb70-428f-bdda-edf616bbdaa2
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725640.0
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2022-10-13 00:00:00 UTC
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Dell Technologies (DELL) Passes Through 4% Yield Mark
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-passes-through-4-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 Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $32.90 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 4% 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 4% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
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 Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $32.90 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 4% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $32.90 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 4% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $32.90 on the day. 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 4% annual yield. 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.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $32.90 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 4% annual yield.
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c610cba9-e12e-4fbc-a616-18b718dbb589
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725641.0
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2022-10-13 00:00:00 UTC
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Here's What We Like About Dell Technologies' (NYSE:DELL) Upcoming Dividend
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DELL
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https://www.nasdaq.com/articles/heres-what-we-like-about-dell-technologies-nyse%3Adell-upcoming-dividend
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nan
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nan
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Dell Technologies Inc. (NYSE:DELL) stock is about to trade ex-dividend in four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Dell Technologies' shares before the 18th of October in order to receive the dividend, which the company will pay on the 28th of October.
The company's next dividend payment will be US$0.33 per share. Last year, in total, the company distributed US$1.32 to shareholders. Looking at the last 12 months of distributions, Dell Technologies has a trailing yield of approximately 3.9% on its current stock price of $33.77. If you buy this business for its dividend, you should have an idea of whether Dell Technologies's dividend is reliable and sustainable. So we need to investigate whether Dell Technologies can afford its dividend, and if the dividend could grow.
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Dell Technologies is paying out just 9.5% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. A useful secondary check can be to evaluate whether Dell Technologies generated enough free cash flow to afford its dividend. Luckily it paid out just 13% of its free cash flow last year.
It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NYSE:DELL Historic Dividend October 13th 2022
Have Earnings And Dividends Been Growing?
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's comforting to see Dell Technologies's earnings have been skyrocketing, up 62% per annum for the past five years. With earnings per share growing rapidly and the company sensibly reinvesting almost all of its profits within the business, Dell Technologies looks like a promising growth company.
Given that Dell Technologies has only been paying a dividend for a year, there's not much of a past history to draw insight from.
Final Takeaway
Is Dell Technologies worth buying for its dividend? Dell Technologies has been growing earnings at a rapid rate, and has a conservatively low payout ratio, implying that it is reinvesting heavily in its business; a sterling combination. Dell Technologies looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
In light of that, while Dell Technologies has an appealing dividend, it's worth knowing the risks involved with this stock. For instance, we've identified 6 warning signs for Dell Technologies (1 is a bit concerning) you should be aware of.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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 is paying out just 9.5% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. Dell Technologies has been growing earnings at a rapid rate, and has a conservatively low payout ratio, implying that it is reinvesting heavily in its business; a sterling combination. Dell Technologies Inc. (NYSE:DELL) stock is about to trade ex-dividend in four days.
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Dell Technologies Inc. (NYSE:DELL) stock is about to trade ex-dividend in four days. NYSE:DELL Historic Dividend October 13th 2022 Have Earnings And Dividends Been Growing? Thus, you can purchase Dell Technologies' shares before the 18th of October in order to receive the dividend, which the company will pay on the 28th of October.
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So we need to investigate whether Dell Technologies can afford its dividend, and if the dividend could grow. Dell Technologies Inc. (NYSE:DELL) stock is about to trade ex-dividend in four days. Thus, you can purchase Dell Technologies' shares before the 18th of October in order to receive the dividend, which the company will pay on the 28th of October.
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So we need to investigate whether Dell Technologies can afford its dividend, and if the dividend could grow. Dell Technologies Inc. (NYSE:DELL) stock is about to trade ex-dividend in four days. Thus, you can purchase Dell Technologies' shares before the 18th of October in order to receive the dividend, which the company will pay on the 28th of October.
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b5b56ffc-3a87-4038-b3ff-0e3d625cca21
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725642.0
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2022-10-12 00:00:00 UTC
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The Zacks Analyst Blog Highlights HP, Dell, Apple and Lenovo
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-hp-dell-apple-and-lenovo
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nan
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nan
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For Immediate Release
Chicago, IL – October 12, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY.
Here are highlights from Tuesday’s Analyst Blog:
PC Shipments Decline in Q3 on Lower Demand, Economic Woes
The decline seen in personal computer (PC) shipments in the first half of 2022, after two consecutive years of strong year-over-year growth, aggravated in the third quarter, according to the latest data compiled by market research firm, Gartner.
Per the preliminary data released by Gartner, PC shipments in the September quarter plunged 19.5% year over year to 68 million units. The independent research firm claims the decline to be the sharpest since it has been tracking the PC market since the mid-1990s.
Why Did PC Shipments Fall in Q3?
Gartner opines that the year-over-year decline was mainly due to weakening consumer demand for PCs, supply-chain issues and high inventory levels. Softening IT spending amid the ongoing economic and geopolitical uncertainties resulted in a decline in demand for PCs.
Computer - Mini computers Industry 5YR % Return
In 2020 and 2021, PC manufacturers had benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated the use of PC systems, be it for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming or online shopping.
However, the recent back-to-back three quarters of declining PC shipments depict an end of the demand boom for the industry. We believe that consumers have become more cautious about their spending due to inflationary pressure and fears of a possible recession.
The drastic decline in PC shipments was also due to a steep downturn in Chromebook demand as the reopening of schools and colleges across the majority parts of the world weakened the necessity for education on PCs. Gartner noted that despite massive promotions and price drops, back-to-school sales were disappointing as many consumers had purchased new PCs in the last two years.
Gartner in its report pointed out that though supply-chain challenges have eased somewhat, higher inventory level has become a major issue due to softened demand for consumer as well as commercial PCs.
Additionally, Gartner pointed out that several PC manufacturers’ decision to halt business operations in Russia due to its attack on Ukraine severely affected PC shipment volumes in the quarter.
Vendor-Wise PC Shipments
Gartner revealed that all vendors registered steep year-over-year declines in their PC sales volumes. Per the data compiled by Gartner, HP Inc. registered the highest fall of 27.9% to 12.71 million units, followed by Acer’s 25.6% to $4.49 million PCs.
Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Lenovo shipments contracted 15.3% to 17.11 million, while Asus witnessed a 7.5% decline to 5.56 million units.
Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively. Apple, ASUS and Acer ended the July-September quarter with a market share of 8.5%, 8.2% and 6.6%, respectively.
Among the leading vendors, Apple carries a Zacks Rank #3 (Hold), while Dell has a Zacks Rank #4 (Sell). HP and Lenovo each carry a Zacks Rank #5 (Strong Sell). Shares of AAPL, DELL, HPQ and Lenovo have plunged 20.9%, 38.6%, 33.7% and 40.2%, respectively, year to date.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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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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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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Stocks recently featured in the blog include: HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY. Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively.
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Stocks recently featured in the blog include: HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY. Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively.
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Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Stocks recently featured in the blog include: HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively.
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Stocks recently featured in the blog include: HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY. Dell Technologies’ PC volumes plunged 21.1% to 12.02 million units, while Apple registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively.
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263041ba-dfce-41ab-850f-f05134ddb2fc
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725643.0
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2022-10-11 00:00:00 UTC
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RSI Alert: Dell Technologies (DELL) Now Oversold
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DELL
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https://www.nasdaq.com/articles/rsi-alert%3A-dell-technologies-dell-now-oversold
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $33.735 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 33.0. A bullish investor could look at DELL's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares:
Looking at the chart above, DELL's low point in its 52 week range is $33.69 per share, with $114.99 as the 52 week high point — that compares with a last trade of $33.97.
Find out what 9 other oversold stocks you need to know about »
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 trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $33.735 per share. A bullish investor could look at DELL's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $33.69 per share, with $114.99 as the 52 week high point — that compares with a last trade of $33.97.
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In trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $33.735 per share. A bullish investor could look at DELL's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $33.69 per share, with $114.99 as the 52 week high point — that compares with a last trade of $33.97.
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In trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $33.735 per share. A bullish investor could look at DELL's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $33.69 per share, with $114.99 as the 52 week high point — that compares with a last trade of $33.97.
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In trading on Tuesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $33.735 per share. A bullish investor could look at DELL's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $33.69 per share, with $114.99 as the 52 week high point — that compares with a last trade of $33.97.
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0fa66a80-199c-4140-9301-189a376d9f5b
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725644.0
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2022-10-11 00:00:00 UTC
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PC Shipments Decline in Q3 on Lower Demand, Macroeconomic Woes
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DELL
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https://www.nasdaq.com/articles/pc-shipments-decline-in-q3-on-lower-demand-macroeconomic-woes
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nan
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nan
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The decline seen in personal computer (PC) shipments in the first half of 2022, after two consecutive years of strong year-over-year growth, aggravated in the third quarter, according to the latest data compiled by market research firm, Gartner.
Per the preliminary data released by Gartner, PC shipments in the September quarter plunged 19.5% year over year to 68 million units. The independent research firm claims the decline to be the sharpest since it has been tracking the PC market since the mid-1990s.
Why Did PC Shipments Fall in Q3?
Gartner opines that the year-over-year decline was mainly due to weakening consumer demand for PCs, supply-chain issues and high inventory levels. Softening IT spending amid the ongoing economic and geopolitical uncertainties resulted in a decline in demand for PCs.
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
In 2020 and 2021, PC manufacturers had benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated the use of PC systems, be it for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming or online shopping.
However, the recent back-to-back three quarters of declining PC shipments depict an end of the demand boom for the industry. We believe that consumers have become more cautious about their spending due to inflationary pressure and fears of a possible recession.
The drastic decline in PC shipments was also due to a steep downturn in Chromebook demand as the reopening of schools and colleges across the majority parts of the world weakened the necessity for education on PCs. Gartner noted that despite massive promotions and price drops, back-to-school sales were disappointing as many consumers had purchased new PCs in the last two years.
Gartner in its report pointed out that though supply-chain challenges have eased somewhat, higher inventory level has become a major issue due to softened demand for consumer as well as commercial PCs.
Additionally, Gartner pointed out that several PC manufacturers’ decision to halt business operations in Russia due to its attack on Ukraine severely affected PC shipment volumes in the quarter.
Vendor-Wise PC Shipments
Gartner revealed that all vendors registered steep year-over-year declines in their PC sales volumes. Per the data compiled by Gartner, HP Inc. HPQ registered the highest fall of 27.9% to 12.71 million units, followed by Acer’s 25.6% to $4.49 million PCs.
Dell Technologies’ DELL PC volumes plunged 21.1% to 12.02 million units, while Apple AAPL registered a 15.6% year-over-year decline in shipments to 5.8 million units. Lenovo LNVGY shipments contracted 15.3% to 17.11 million, while Asus witnessed a 7.5% decline to 5.56 million units.
Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively. Apple, ASUS and Acer ended the July-September quarter with a market share of 8.5%, 8.2% and 6.6%, respectively.
Among the leading vendors, Apple carries a Zacks Rank #3 (Hold), while Dell has a Zacks Rank #4 (Sell). HP and Lenovo each carry a Zacks Rank #5 (Strong Sell). Shares of AAPL, DELL, HPQ and Lenovo have plunged 20.9%, 38.6%, 33.7% and 40.2%, respectively, year to date.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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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
Lenovo Group Ltd. (LNVGY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies’ DELL PC volumes plunged 21.1% to 12.02 million units, while Apple AAPL registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively. Among the leading vendors, Apple carries a Zacks Rank #3 (Hold), while Dell has a Zacks Rank #4 (Sell).
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Dell Technologies’ DELL PC volumes plunged 21.1% to 12.02 million units, while Apple AAPL registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively. Among the leading vendors, Apple carries a Zacks Rank #3 (Hold), while Dell has a Zacks Rank #4 (Sell).
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Dell Technologies’ DELL PC volumes plunged 21.1% to 12.02 million units, while Apple AAPL registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively. Among the leading vendors, Apple carries a Zacks Rank #3 (Hold), while Dell has a Zacks Rank #4 (Sell).
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Dell Technologies’ DELL PC volumes plunged 21.1% to 12.02 million units, while Apple AAPL registered a 15.6% year-over-year decline in shipments to 5.8 million units. Per Gartner, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 25.2%, 18.7% and 17.7%, respectively. Among the leading vendors, Apple carries a Zacks Rank #3 (Hold), while Dell has a Zacks Rank #4 (Sell).
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4845b871-8707-4421-b990-36b01a4d4f2f
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725645.0
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2022-10-10 00:00:00 UTC
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AMD Preliminary Q3'22 Results Impact Share Price Negatively
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DELL
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https://www.nasdaq.com/articles/amd-preliminary-q322-results-impact-share-price-negatively
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nan
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nan
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Advanced Micro Devices AMD has slumped 59.4% compared with the Zacks Electronics - Semiconductors industry’s and the Zacks Computer and Technology sector’s decline of 40.5% and 35.8%, respectively, in the year-to-date period.
The recent fall in AMD’s share price reflects negative sentiments amongst investors as the company reported a $1.1 billion shortfall in revenues from than prior outlook for the third quarter of 2022.
AMD forecasted third-quarter 2022 revenues to be approximately $5.6 billion, an increase of 29% year over year, lower than the previously expected rise of roughly 55%. Preliminary results of the company reflect lower-than-expected client segment revenues resulting from reduced processor shipments due to weaker demand in the PC market and significant inventory correction actions across the PC supply chain.
AMD is expecting a non-GAAP gross margin of approximately 50%, down 400 basis points due to lowered client segment revenues.
AMD expected PC sales to decline in the third quarter, which was reflected by the falling PC demand in the prior quarters. Per International Data Corporation, PC sales were down 15.3% year over year to 71.3 million units during the June quarter, which was higher than the first quarter's decline rate of 5.1% and was the worst fall in many years.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
Rising geo-political tensions between the United States and China, the global supply-chain challenges that adversely impacted the semiconductor industry, the ongoing Russia-Ukraine war, rising inflation and interest rate hike by the U.S. Federal Reserve caused the recent fall in PC demand as the market slips into recession.
The volatile macroeconomic situation has the broader tech sector in the doldrums as AMD’s peers in the sector NVIDIA NVDA and Intel INTC also bore the brunt of the situation.
NVDA and Intel shares have fallen 58.9% and 50%, respectively, in the year-to-date period compared with the Zacks Semiconductor – General industry’s decline of 50.1%.
However, the company is expecting a significant rise in its high-growth business segments like data center and gaming, in line with its previous guidance. AMD expects Data Center and gaming business to grow 45% and 14%, respectively, year over year.
AMD Addressing High-Growth Markets to Boost Top Line
AMD’s third-quarter results are expected to have benefited as the company has been diversifying its product portfolio to cater to trending high-growth markets like cloud, gaming, data center and EV.
The company has constantly been improving the performance of its Ryzen processors to help address the increasing proliferation of Artificial Intelligence (AI) and Machine Learning in industries like cloud, gaming and data center.
However, as it ventures into new markets, the company faces rising competition from the likes of NVIDIA and Intel.
NVIDIA is a dominant name in the data center, professional visualization and gaming markets, where its peers are close on its heels. NVDA has been benefiting from the rapid proliferation of AI. The company has been expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Intel is still the leading name in the consumer PC market and is the major competitor of AMD in this segment. INTC is gradually reducing its dependence on the PC-centric business by transitioning to data-centric businesses such as AI and autonomous driving.
Nevertheless, AMD is expected to benefit from its plans to address new markets, accelerate data center growth and enter the AI and Augmented Reality spaces with its launch of various products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo.
The company currently has Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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Intel Corporation (INTC): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): 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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The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights. Nevertheless, AMD is expected to benefit from its plans to address new markets, accelerate data center growth and enter the AI and Augmented Reality spaces with its launch of various products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
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Nevertheless, AMD is expected to benefit from its plans to address new markets, accelerate data center growth and enter the AI and Augmented Reality spaces with its launch of various products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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Nevertheless, AMD is expected to benefit from its plans to address new markets, accelerate data center growth and enter the AI and Augmented Reality spaces with its launch of various products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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Nevertheless, AMD is expected to benefit from its plans to address new markets, accelerate data center growth and enter the AI and Augmented Reality spaces with its launch of various products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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720ebeb4-8b2d-48e7-afa6-10ff1db51f29
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725646.0
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2022-10-05 00:00:00 UTC
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Dell Technologies (DELL) Gains As Market Dips: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-gains-as-market-dips%3A-what-you-should-know-1
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nan
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nan
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In the latest trading session, Dell Technologies (DELL) closed at $37.86, marking a +1.07% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.12%.
Heading into today, shares of the computer and technology services provider had gained 0.46% over the past month, outpacing the Computer and Technology sector's loss of 4.64% and the S&P 500's loss of 3.29% in that time.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release. The company is expected to report EPS of $1.63, down 31.22% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $24.58 billion, down 13.47% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.80 per share and revenue of $102.2 billion. These totals would mark changes of +9.32% and -4.52%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dell Technologies is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.51 right now. This valuation marks a discount compared to its industry's average Forward P/E of 22.45.
Investors should also note that DELL has a PEG ratio of 0.46 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computers - IT Services was holding an average PEG ratio of 1.22 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 133, putting it in the bottom 48% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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
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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In the latest trading session, Dell Technologies (DELL) closed at $37.86, marking a +1.07% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release. Investors should also note any recent changes to analyst estimates for Dell Technologies.
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In the latest trading session, Dell Technologies (DELL) closed at $37.86, marking a +1.07% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release. Investors should also note any recent changes to analyst estimates for Dell Technologies.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report In the latest trading session, Dell Technologies (DELL) closed at $37.86, marking a +1.07% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report In the latest trading session, Dell Technologies (DELL) closed at $37.86, marking a +1.07% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release.
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bf21848d-51df-4ffd-b3cd-cbcf631e1aa9
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725647.0
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2022-10-05 00:00:00 UTC
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Dell Technologies Inc. (DELL) is Attracting Investor Attention: Here is What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.-dell-is-attracting-investor-attention%3A-here-is-what-you-should-know
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nan
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nan
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Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this computer and technology services provider have returned +0.5% over the past month versus the Zacks S&P 500 composite's -3.3% change. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 1.7% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Dell Technologies is expected to post earnings of $1.63 per share, indicating a change of -31.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $6.80 for the current fiscal year indicates a year-over-year change of +9.3%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.14 indicates a change of +5% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Dell Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Dell Technologies, the consensus sales estimate of $24.58 billion for the current quarter points to a year-over-year change of -13.5%. The $102.2 billion and $102.73 billion estimates for the current and next fiscal years indicate changes of -4.5% and +0.5%, respectively.
Last Reported Results and Surprise History
Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $1.68 for the same period compares with $2.24 a year ago.
Compared to the Zacks Consensus Estimate of $26.5 billion, the reported revenues represent a surprise of -0.27%. The EPS surprise was +3.07%.
Over the last four quarters, Dell Technologies surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #4 does suggest that it may underperform 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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Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 1.7% over this period.
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For the next fiscal year, the consensus earnings estimate of $7.14 indicates a change of +5% from what Dell Technologies is expected to report a year ago. Last Reported Results and Surprise History Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Dell Technologies. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 1.7% over this period.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Dell Technologies. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately.
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2022-10-04 00:00:00 UTC
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DELL Rides on Strong Partner Base Amid Growing Challenges
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https://www.nasdaq.com/articles/dell-rides-on-strong-partner-base-amid-growing-challenges
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Dell Technologies DELL is benefiting from an expanding partner base that includes the likes of Red Hat, Fujitsu, Wind River and Advanced Micro Devices AMD.
Dell recently announced that it has inked a partnership with Fujitsu to offer solutions that will accelerate the adoption and simplify the deployment of open radio access network (Open RAN) solutions for communications service providers (CSPs).
The combination of Dell’s Open RAN Accelerator Card and Fujitsu’s Open RAN compliant radio units will enable CSPs to deploy more efficient open RAN solutions.
Meanwhile, Dell expanded its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments.
The Dell-Red Hat combined solutions will help enterprises speed up the development and operations of cloud-native applications while removing IT management barriers and bottlenecks.
Moreover, Dell and Red Hat are co-developing a hybrid cloud solution that extends management of on-premises Red Hat OpenShift deployments across public clouds and the edge.
Additionally, in collaboration with Wind River, Dell is launching a new telecom cloud infrastructure solution for CSPs to reduce complexity and accelerate their cloud-native network deployments.
Dell also collaborated with AMD to launch the most powerful 17” AMD Advantage laptop, the Alienware m17 r5 Gaming Laptop.
The new laptop is integrated with AMD Ryzen 6000 series processors, AMD Radeon RX 6000 series graphics, and new AMD Smart Technologies. This laptop has been designed specifically to address the gaming sector as it will feature a new display technology — AMD Smartshift Max — to help boost gaming performance and save battery life.
Dell Prospects Dragged Down by Weak Demand
Dell’s prospects are suffering from a challenging demand environment in the Infrastructure Solutions Group (“ISG”). ISG offers servers and storage devices.
In the second quarter of 2022, Dell witnessed a shortage of parts and embedded integrated circuits, including power supplies and NICs in the reported quarter. ISG backlog, particularly servers, remained elevated.
In the Client Solutions Group segment, Dell witnessed weak demand in both Consumer and Commercial segments.
Lower PC shipment is expected to hurt computer makers like Dell, HP HPQ and Apple AAPL. According to the data compiled by Gartner, PC vendors shipped 72 million units in the April-June quarter of 2022, 12.6% lower than the year-ago quarter. Another independent research firm, International Data Corporation, revealed that PC sales were down 15.3% year over year to 71.3 million units in the second quarter.
Per IDC, HP, Dell and Apple registered a year-over-year decline of 27.6%, 5.3% and 22.5%, respectively, in PC deliveries.
In its third-quarter fiscal 2022 results, HP revealed that total PC units sold were down 7% on a year-over-year basis, resulting in a 3% year-over-year decline in its Personal Systems revenues. Similarly, Apple reported a 10.4% plunge in Mac revenues in third-quarter fiscal 2022.
These factors are expected to hurt Dell’s top-line growth in the near term. Dell expects fiscal third-quarter revenues between $23.8 billion and $25 billion, down 8% at the mid-point, with CSG declining in the high-teens and ISG growing in the low-teens.
Gross margin is expected to increase sequentially as the mix shifts to ISG. Operating expense is expected to decline sequentially.
Dell expects earnings between $1.53 and $1.79 per share, unchanged year over year at the mid-point.
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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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Meanwhile, Dell expanded its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments. Additionally, in collaboration with Wind River, Dell is launching a new telecom cloud infrastructure solution for CSPs to reduce complexity and accelerate their cloud-native network deployments. Dell Technologies DELL is benefiting from an expanding partner base that includes the likes of Red Hat, Fujitsu, Wind River and Advanced Micro Devices AMD.
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Dell Technologies DELL is benefiting from an expanding partner base that includes the likes of Red Hat, Fujitsu, Wind River and Advanced Micro Devices AMD. The combination of Dell’s Open RAN Accelerator Card and Fujitsu’s Open RAN compliant radio units will enable CSPs to deploy more efficient open RAN solutions. Dell recently announced that it has inked a partnership with Fujitsu to offer solutions that will accelerate the adoption and simplify the deployment of open radio access network (Open RAN) solutions for communications service providers (CSPs).
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Dell Technologies DELL is benefiting from an expanding partner base that includes the likes of Red Hat, Fujitsu, Wind River and Advanced Micro Devices AMD. Dell Prospects Dragged Down by Weak Demand Dell’s prospects are suffering from a challenging demand environment in the Infrastructure Solutions Group (“ISG”). Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Meanwhile, Dell expanded its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments. Dell Technologies DELL is benefiting from an expanding partner base that includes the likes of Red Hat, Fujitsu, Wind River and Advanced Micro Devices AMD. Dell recently announced that it has inked a partnership with Fujitsu to offer solutions that will accelerate the adoption and simplify the deployment of open radio access network (Open RAN) solutions for communications service providers (CSPs).
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2022-09-29 00:00:00 UTC
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Quant Ratings Updated on 53 Stocks
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DELL
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https://www.nasdaq.com/articles/quant-ratings-updated-on-53-stocks
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Retailers have begun prepping for the holiday season with as much eagerness as shoppers who are looking forward to eye-popping deals. This season, which accounts for a sizable chunk of yearly revenues, is a make or break for retailers. And Target Corporation (NYSE:TGT) is no exception.
In a press release on September 22, Target announced its plans for the all-important holiday shopping season. The company said it will begin discounting merchandise “earlier than ever” this year, beginning with its “biggest ever Target Deal Days event,” which will take place October 6 to 8.
And given the state of the overall economy, investors are no doubt considering the ramifications of a longer holiday shopping season. Earlier deals, deeper discounts, and greater competition will likely continue to weigh on already pressured operating margins.
While inflation has eased somewhat, it is still near 40-year highs, causing consumers to make tough decisions at stores and fuel pumps. And while a longer shopping season and deeper discounts might attract more holiday shoppers, it’s a double-edged sword – and despite the early deals, Target and other retailers may not get a big boost this holiday season.
Now, following the holiday season press release, Target was upgraded to a C-rating in Portfolio Grader, after being briefly downgraded to a D-rating last week. The reality is Target hasn’t held a B-rating (or been consider a “Buy”) for quite some time.
Of course, Target isn’t the only company that was upgraded to a C-rating over the weekend. Out of the 53 stocks that were upgraded/downgraded this weekend, 12 were upgraded from a D-rating to a C-rating. I’ve listed the first 10 below, but for the full list of stocks and their Quantitative Grade and Fundamental grade, please click here. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
TICKER COMPANY NAME TOTAL GRADE
DELL Dell Technologies, Inc. Class C C
DGX Quest Diagnostics Incorporated C
DOV Dover Corporation C
HON Honeywell International Inc. C
IX ORIX Corporation Sponsored ADR C
KKR KKR & Co Inc C
NIO NIO Inc. Sponsored ADR Class A C
OTIS Otis Worldwide Corporation C
SHW Sherwin-Williams Company C
TGT Target Corporation C
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Sincerely,
Source: InvestorPlace unless otherwise noted
Louis Navellier
Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
The post Quant Ratings Updated on 53 Stocks appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DELL Dell Technologies, Inc. Class C C DGX Quest Diagnostics Incorporated C DOV Dover Corporation C HON Honeywell International Inc. C IX ORIX Corporation Sponsored ADR C KKR KKR & Co Inc C NIO NIO Inc. Earlier deals, deeper discounts, and greater competition will likely continue to weigh on already pressured operating margins. Now, following the holiday season press release, Target was upgraded to a C-rating in Portfolio Grader, after being briefly downgraded to a D-rating last week.
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DELL Dell Technologies, Inc. Class C C DGX Quest Diagnostics Incorporated C DOV Dover Corporation C HON Honeywell International Inc. C IX ORIX Corporation Sponsored ADR C KKR KKR & Co Inc C NIO NIO Inc. And while a longer shopping season and deeper discounts might attract more holiday shoppers, it’s a double-edged sword – and despite the early deals, Target and other retailers may not get a big boost this holiday season. Now, following the holiday season press release, Target was upgraded to a C-rating in Portfolio Grader, after being briefly downgraded to a D-rating last week.
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DELL Dell Technologies, Inc. Class C C DGX Quest Diagnostics Incorporated C DOV Dover Corporation C HON Honeywell International Inc. C IX ORIX Corporation Sponsored ADR C KKR KKR & Co Inc C NIO NIO Inc. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Retailers have begun prepping for the holiday season with as much eagerness as shoppers who are looking forward to eye-popping deals. And while a longer shopping season and deeper discounts might attract more holiday shoppers, it’s a double-edged sword – and despite the early deals, Target and other retailers may not get a big boost this holiday season.
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DELL Dell Technologies, Inc. Class C C DGX Quest Diagnostics Incorporated C DOV Dover Corporation C HON Honeywell International Inc. C IX ORIX Corporation Sponsored ADR C KKR KKR & Co Inc C NIO NIO Inc. And while a longer shopping season and deeper discounts might attract more holiday shoppers, it’s a double-edged sword – and despite the early deals, Target and other retailers may not get a big boost this holiday season. Now, following the holiday season press release, Target was upgraded to a C-rating in Portfolio Grader, after being briefly downgraded to a D-rating last week.
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2022-09-28 00:00:00 UTC
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Dell Technologies (DELL) Gains But Lags Market: What You Should Know
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https://www.nasdaq.com/articles/dell-technologies-dell-gains-but-lags-market%3A-what-you-should-know-0
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Dell Technologies (DELL) closed the most recent trading day at $35.29, moving +1.64% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.24%.
Coming into today, shares of the computer and technology services provider had lost 12.52% in the past month. In that same time, the Computer and Technology sector lost 11.71%, while the S&P 500 lost 9.93%.
Dell Technologies will be looking to display strength as it nears its next earnings release. On that day, Dell Technologies is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 31.22%. Our most recent consensus estimate is calling for quarterly revenue of $24.58 billion, down 13.47% from the year-ago period.
DELL's full-year Zacks Consensus Estimates are calling for earnings of $6.80 per share and revenue of $102.2 billion. These results would represent year-over-year changes of +9.32% and -4.52%, respectively.
Investors should also note any recent changes to analyst estimates for Dell Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.61% lower within the past month. Dell Technologies is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.1 right now. Its industry sports an average Forward P/E of 19.83, so we one might conclude that Dell Technologies is trading at a discount comparatively.
Investors should also note that DELL has a PEG ratio of 0.43 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computers - IT Services was holding an average PEG ratio of 1.12 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its industry sports an average Forward P/E of 19.83, so we one might conclude that Dell Technologies is trading at a discount comparatively. Dell Technologies (DELL) closed the most recent trading day at $35.29, moving +1.64% from the previous trading session. Dell Technologies will be looking to display strength as it nears its next earnings release.
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Dell Technologies (DELL) closed the most recent trading day at $35.29, moving +1.64% from the previous trading session. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies will be looking to display strength as it nears its next earnings release.
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DELL's full-year Zacks Consensus Estimates are calling for earnings of $6.80 per share and revenue of $102.2 billion. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) closed the most recent trading day at $35.29, moving +1.64% from the previous trading session.
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Dell Technologies is currently sporting a Zacks Rank of #4 (Sell). Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) closed the most recent trading day at $35.29, moving +1.64% from the previous trading session.
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2022-09-28 00:00:00 UTC
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AMD Expands Ryzen Portfolio for High-Growth Business Segments
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https://www.nasdaq.com/articles/amd-expands-ryzen-portfolio-for-high-growth-business-segments
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Advanced Micro Devices AMD recently unveiled Ryzen Embedded V3000 series processors with the Zen 3 core to the V series portfolio. The newly launched processors are designed to provide greater CPU performance using less power compared with the older V1000 series for systems operating in a 24*7 operating environment with a heavy workload.
The processors are already being shipped to leading original design manufacturers and original equipment manufacturers (OEM) and address the growing demands of enterprise and cloud storage and data center network routing, switching and firewall security features.
While AMD experienced rising revenues due to higher sales of desktop and notebook PC processors in the second quarter of 2022, the company expects growth to slow down in the third and fourth quarters due to falling demand for PCs.
In the second quarter, AMD’s Client segment, which includes desktop and notebook PC processors, surged 24.5% year over year to $2.15 billion and accounted for 32.9% of total revenues.
However, per International Data Corporation, PC sales were down 15.3% year over year to 71.3 million units during the June quarter, which was higher than the first quarter's decline rate of 5.1% and is the worst fall in many years. This is expected to continue in the coming quarters.
To counter this issue, AMD has been diversifying its product portfolio to cater to trending high-growth markets like cloud, gaming, data center and EV.
The company has constantly been improving the performance of its Ryzen processors to help address the increasing proliferation of Artificial Intelligence (AI) and Machine Learning in industries like cloud, gaming and data center.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD Expanding Portfolio to Boost Top-Line Growth
Shares of AMD have lost 53.3% compared with the Zacks Electronics - Semiconductors industry’s and the Zacks Computer and Technology sector’s declines of 37.9% and 34.9%, respectively, in the year-to-date period.
AMD is suffering from global supply chain challenges in the semiconductor industry, the Russia-Ukraine war and increasing inflation.
Further, as it ventures into new markets, the company faces rising competition from the likes of NVIDIA NVDA.
NVIDIA is giving AMD tough competition in the high-performance computing (HPC) market. NVIDIA’s Grace CPU superchips have been benefiting from the rapid proliferation of AI while the company is expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Nevertheless, AMD, which currently has Zacks Rank #3 (Hold), is expected to benefit from its plans to address new markets, accelerate data center growth, and enter the AI and Augmented Reality spaces with its launch of various new products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
AMD has also collaborated with Meta Platforms META to enter the Metaverse.
The company has become Meta’s ecosystem partner, and AMD’s radio chip, Xilinx Zynq UltraScale RFSoC, will be utilized to develop a metaverse-ready radio access unit.
The launch of Ryzen V3000 series will address the growing needs in the data center market, which AMD expects will drive its top-line growth. For the third quarter, AMD expects revenues to be approximately $6.7 billion, up 55% year over year. The Zacks Consensus Estimate for revenues is pegged at $6.68 billion, indicating a 54.7% rise from the year-ago reported number.
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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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Meta Platforms, Inc. (META): 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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Nevertheless, AMD, which currently has Zacks Rank #3 (Hold), is expected to benefit from its plans to address new markets, accelerate data center growth, and enter the AI and Augmented Reality spaces with its launch of various new products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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Nevertheless, AMD, which currently has Zacks Rank #3 (Hold), is expected to benefit from its plans to address new markets, accelerate data center growth, and enter the AI and Augmented Reality spaces with its launch of various new products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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Nevertheless, AMD, which currently has Zacks Rank #3 (Hold), is expected to benefit from its plans to address new markets, accelerate data center growth, and enter the AI and Augmented Reality spaces with its launch of various new products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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Nevertheless, AMD, which currently has Zacks Rank #3 (Hold), is expected to benefit from its plans to address new markets, accelerate data center growth, and enter the AI and Augmented Reality spaces with its launch of various new products by building strategic partnerships with companies like Dell Technologies DELL and OEM partners Hewlett Packard, Acer and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
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8280e2a4-ebd8-4d84-a013-1f04b5265263
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725652.0
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2022-09-23 00:00:00 UTC
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Dell Technologies Inc. (DELL) Is a Trending Stock: Facts to Know Before Betting on It
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.-dell-is-a-trending-stock%3A-facts-to-know-before-betting-on-it
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Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this computer and technology services provider have returned -24.3% over the past month versus the Zacks S&P 500 composite's -9.1% change. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 12.4% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Dell Technologies is expected to post earnings of $1.63 per share, indicating a change of -31.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.9% over the last 30 days.
The consensus earnings estimate of $6.80 for the current fiscal year indicates a year-over-year change of +9.3%. This estimate has changed -3.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.14 indicates a change of +5% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed -4.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Dell Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Dell Technologies, the consensus sales estimate of $24.58 billion for the current quarter points to a year-over-year change of -13.5%. The $102.2 billion and $102.73 billion estimates for the current and next fiscal years indicate changes of -4.5% and +0.5%, respectively.
Last Reported Results and Surprise History
Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $1.68 for the same period compares with $2.24 a year ago.
Compared to the Zacks Consensus Estimate of $26.5 billion, the reported revenues represent a surprise of -0.27%. The EPS surprise was +3.07%.
Over the last four quarters, Dell Technologies surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 12.4% over this period.
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For the next fiscal year, the consensus earnings estimate of $7.14 indicates a change of +5% from what Dell Technologies is expected to report a year ago. Last Reported Results and Surprise History Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Dell Technologies. Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 12.4% over this period.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Dell Technologies. Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 12.4% over this period.
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a5a45817-13c7-41e1-8d7d-48a97544cf25
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725653.0
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2022-09-20 00:00:00 UTC
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ESG tech firm Datamaran gets Fortive backing in latest funding round
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DELL
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https://www.nasdaq.com/articles/esg-tech-firm-datamaran-gets-fortive-backing-in-latest-funding-round
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nan
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nan
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By Juliette Portala
Sept 20 (Reuters) - Software platform Datamaran said on Tuesday it had closed a 11.7 million pounds ($13.3 million) financing led by Fortive FTV.N amid growing demand from companies and financial institutions to assess environmental, social and governance (ESG) risks.
Led by industrial products maker Fortive and with the participation of American Electric Power (AEP) AEP.O, the Series B funding round will be used to grow the company's team in the United States and meet an expanding ESG insights market.
PepsiCo PEP.O, Walgreens WBA.O and Dell DELL.N also took part in the round, the group said in a statement.
Datamaran's technology identifies over 400 external risk factors that could impact a company's value, including those related to technological innovation and geopolitical issues, by scanning regulatory, media and corporate disclosures.
Chief Executive Officer and co-founder Marjella Lecourt-Alma said the new financing would help the firm speed up its expansion into more corporate boardrooms, which currently account for more than 40% of its revenues.
"Coming from strategic partners and clients, this funding is a ringing endorsement of Datamaran's benefits," she added.
Flows into ESG funds have surged in recent years, as governments seek to push more money to activities that can help them meet their net-zero emissions goals - among others. Against this backdrop, regulators are starting to introduce mandatory sustainability disclosures for both companies and funds.
Some businesses, however, have been accused by activists of "greenwashing", with splashy announcements of programmes that do little if anything to reduce overall greenhouse gas emissions.
"The ability to gain deeper insights into ESG and how it affects our business is increasingly important," Sandy Nessing, AEP's chief sustainability officer, said as she pointed to a "constantly evolving" ESG landscape.
($1 = 0.8797 pounds)
(Reporting by Juliette Portala Editing by Simon Jessop and Mark Potter)
((juliette.portala@tr.com ; +48 587 696 607))
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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PepsiCo PEP.O, Walgreens WBA.O and Dell DELL.N also took part in the round, the group said in a statement. Led by industrial products maker Fortive and with the participation of American Electric Power (AEP) AEP.O, the Series B funding round will be used to grow the company's team in the United States and meet an expanding ESG insights market. Chief Executive Officer and co-founder Marjella Lecourt-Alma said the new financing would help the firm speed up its expansion into more corporate boardrooms, which currently account for more than 40% of its revenues.
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PepsiCo PEP.O, Walgreens WBA.O and Dell DELL.N also took part in the round, the group said in a statement. By Juliette Portala Sept 20 (Reuters) - Software platform Datamaran said on Tuesday it had closed a 11.7 million pounds ($13.3 million) financing led by Fortive FTV.N amid growing demand from companies and financial institutions to assess environmental, social and governance (ESG) risks. Against this backdrop, regulators are starting to introduce mandatory sustainability disclosures for both companies and funds.
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PepsiCo PEP.O, Walgreens WBA.O and Dell DELL.N also took part in the round, the group said in a statement. By Juliette Portala Sept 20 (Reuters) - Software platform Datamaran said on Tuesday it had closed a 11.7 million pounds ($13.3 million) financing led by Fortive FTV.N amid growing demand from companies and financial institutions to assess environmental, social and governance (ESG) risks. Led by industrial products maker Fortive and with the participation of American Electric Power (AEP) AEP.O, the Series B funding round will be used to grow the company's team in the United States and meet an expanding ESG insights market.
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PepsiCo PEP.O, Walgreens WBA.O and Dell DELL.N also took part in the round, the group said in a statement. By Juliette Portala Sept 20 (Reuters) - Software platform Datamaran said on Tuesday it had closed a 11.7 million pounds ($13.3 million) financing led by Fortive FTV.N amid growing demand from companies and financial institutions to assess environmental, social and governance (ESG) risks. Led by industrial products maker Fortive and with the participation of American Electric Power (AEP) AEP.O, the Series B funding round will be used to grow the company's team in the United States and meet an expanding ESG insights market.
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2deb813b-fd14-4849-98dc-30e2056714ac
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725654.0
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2022-09-19 00:00:00 UTC
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Are Options Traders Betting on a Big Move in Dell Technologies (DELL) Stock?
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DELL
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https://www.nasdaq.com/articles/are-options-traders-betting-on-a-big-move-in-dell-technologies-dell-stock-0
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nan
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nan
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 16, 2022 $52.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #4 (Sell) in the Computers - IT Services industry that ranks in the Bottom 37% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while three have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.67 per share to $1.63 in that period.
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
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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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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Currently, Dell Technologies is a Zacks Rank #4 (Sell) in the Computers - IT Services industry that ranks in the Bottom 37% of our Zacks Industry Rank.
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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately.
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately.
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fd6b0791-82ab-4b62-870a-370d76be459c
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725655.0
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2022-09-17 00:00:00 UTC
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Have Dell Technologies Inc. (NYSE:DELL) Insiders Been Selling Their Stock?
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DELL
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https://www.nasdaq.com/articles/have-dell-technologies-inc.-nyse%3Adell-insiders-been-selling-their-stock
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nan
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Some Dell Technologies Inc. (NYSE:DELL) shareholders may be a little concerned to see that the President of Global Sales & Customer Operations, William Scannell, recently sold a substantial US$1.1m worth of stock at a price of US$40.20 per share. That sale reduced their total holding by 15% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At Dell Technologies
In fact, the recent sale by President of Global Sales & Customer Operations William Scannell was not their only sale of Dell Technologies shares this year. Earlier in the year, they fetched US$57.00 per share in a -US$8.8m sale. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$37.96. So it may not tell us anything about how insiders feel about the current share price.
In the last year Dell Technologies insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
NYSE:DELL Insider Trading Volume September 17th 2022
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Dell Technologies
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Dell Technologies insiders own 1.1% of the company, currently worth about US$300m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Dell Technologies Tell Us?
An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But since Dell Technologies is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Dell Technologies is showing 6 warning signs in our investment analysis, and 1 of those is potentially serious...
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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 insiders own 1.1% of the company, currently worth about US$300m based on the recent share price. Some Dell Technologies Inc. (NYSE:DELL) shareholders may be a little concerned to see that the President of Global Sales & Customer Operations, William Scannell, recently sold a substantial US$1.1m worth of stock at a price of US$40.20 per share. The Last 12 Months Of Insider Transactions At Dell Technologies In fact, the recent sale by President of Global Sales & Customer Operations William Scannell was not their only sale of Dell Technologies shares this year.
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Some Dell Technologies Inc. (NYSE:DELL) shareholders may be a little concerned to see that the President of Global Sales & Customer Operations, William Scannell, recently sold a substantial US$1.1m worth of stock at a price of US$40.20 per share. The Last 12 Months Of Insider Transactions At Dell Technologies In fact, the recent sale by President of Global Sales & Customer Operations William Scannell was not their only sale of Dell Technologies shares this year. In the last year Dell Technologies insiders didn't buy any company stock.
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Some Dell Technologies Inc. (NYSE:DELL) shareholders may be a little concerned to see that the President of Global Sales & Customer Operations, William Scannell, recently sold a substantial US$1.1m worth of stock at a price of US$40.20 per share. The Last 12 Months Of Insider Transactions At Dell Technologies In fact, the recent sale by President of Global Sales & Customer Operations William Scannell was not their only sale of Dell Technologies shares this year. Insider Ownership Of Dell Technologies Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders.
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Some Dell Technologies Inc. (NYSE:DELL) shareholders may be a little concerned to see that the President of Global Sales & Customer Operations, William Scannell, recently sold a substantial US$1.1m worth of stock at a price of US$40.20 per share. Insider Ownership Of Dell Technologies Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. What Might The Insider Transactions At Dell Technologies Tell Us?
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afa643fb-020a-467c-a532-501cf1125caa
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725656.0
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2022-09-16 00:00:00 UTC
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DELL Expands Partnership With Red Hat for Container Solutions
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DELL
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https://www.nasdaq.com/articles/dell-expands-partnership-with-red-hat-for-container-solutions
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nan
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nan
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Dell Technologies DELL recently announced that it is expanding its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments.
The Dell-Red Hat combined solutions will help enterprises speed up the development and operations (DevOps) of cloud-native applications while removing IT management barriers and bottlenecks.
APEX Containers for Red Hat OpenShift offers IT enterprises a Dell-managed on-premises Container-as-a-Service solution. The solution delivered as a subscription will supervise infrastructure management activities and operations.
The Dell Validated Platform for Red Hat OpenShift streamlines deployment processes and management of on-premises infrastructure for containers.
Moreover, Dell and Red Hat are co-developing a hybrid cloud solution that extends management of on-premises Red Hat OpenShift deployments across public clouds and the edge.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
What Awaits Dell Shares in the Rest of 2022?
Dell shares have fallen 33% year to date compared with the Zacks Computer & Technology sector’s decline of 31.3%.
Dell’s prospects are suffering from a challenging demand environment in the Infrastructure Solutions Group (“ISG”). ISG offers servers and storage devices.
In the second quarter of 2022, Dell witnessed a shortage of parts and embedded integrated circuits, including power supplies and NICs in the reported quarter. ISG backlog, particularly servers, remained elevated.
In the Client Solutions Group (CSG) segment, Dell witnessed weak demand in both Consumer and Commercial segments.
These factors are expected to hurt Dell’s top-line growth in the near term. Dell expects fiscal third-quarter revenues between $23.8 billion and $25 billion, down 8% at the mid-point, with CSG declining in the high-teens and ISG growing in the low-teens.
The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $24.58 billion, indicating a decline of 13.47% from the figure reported in the year-ago quarter.
Gross margin is expected to increase sequentially as the mix shifts to ISG. Operating expense is expected to decline sequentially.
Dell expects earnings between $1.53 and $1.79 per share, unchanged year over year at the mid-point. The consensus mark for earnings is pegged at $1.63 per share, down 2.4% over the past 30 days.
Zacks Rank & Stocks to Consider
Dell currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the same industry are Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR, all three sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Absolute shares have gained 15.2% in the year-to-date period. The Zacks Consensus Estimate for ABST’s fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
Paylocity shares have gained 7.3% in the year-to-date period. The Zacks Consensus Estimate for PCTY’s fiscal 2023 earnings has been steady over the past 30 days at $3.58 per share.
Synchronoss shares have lost 44% in the year-to-date period. The consensus mark for SNCR’s 2022 earnings has been steady at 16 cents per share over the past 30 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Synchronoss Technologies, Inc. (SNCR): Free Stock Analysis Report
Paylocity Holding Corporation (PCTY): Free Stock Analysis Report
Absolute Software Corporation (ABST): 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 Dell-Red Hat combined solutions will help enterprises speed up the development and operations (DevOps) of cloud-native applications while removing IT management barriers and bottlenecks. Dell Technologies DELL recently announced that it is expanding its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments. APEX Containers for Red Hat OpenShift offers IT enterprises a Dell-managed on-premises Container-as-a-Service solution.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL recently announced that it is expanding its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments. The Dell-Red Hat combined solutions will help enterprises speed up the development and operations (DevOps) of cloud-native applications while removing IT management barriers and bottlenecks.
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Dell Technologies DELL recently announced that it is expanding its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote What Awaits Dell Shares in the Rest of 2022? Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell expects earnings between $1.53 and $1.79 per share, unchanged year over year at the mid-point. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL recently announced that it is expanding its partnership with Red Hat to offer new solutions that will help in deploying and managing on-premises, containerized infrastructure in multi-cloud environments.
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09cef13c-b495-4aa9-ae73-322c6832e485
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725657.0
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2022-09-15 00:00:00 UTC
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EXCLUSIVE-Biden to hit China with broader curbs on U.S. chip and tool exports -sources
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DELL
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https://www.nasdaq.com/articles/exclusive-biden-to-hit-china-with-broader-curbs-on-u.s.-chip-and-tool-exports-sources-1
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nan
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By Karen Freifeld and Alexandra Alper
WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies -- KLA Corp KLAC.O, Lam Research Corp LRCX.O and Applied Materials Inc AMAT.O, the people said, speaking on the condition of anonymity.
The letters, which the companies publicly acknowledged, forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors with sub-14 nanometer processes unless the sellers obtain Commerce Department licenses.
The rules would also codify restrictions in Commerce Department letters sent to Nvidia Corp NVDA.O and Advanced Micro Devices AMD.O last month instructing them to halt shipments of several artificial intelligence computing chips to China unless they obtain licenses.
Some of the sources said the regulations would likely include additional actions against China. The restrictions could also be changed and the rules published later than expected.
So-called "is informed" letters allow the Commerce Department to bypass lengthy rule-writing processes to put controls in place quickly, but the letters only apply to the companies that receive them.
Turning the letters into rules would broaden their reach and could subject other U.S. companies producing similar technology to the restrictions. The regulations could potentially apply to companies trying to challenge Nvidia and AMD's dominance in artificial intelligence chips.
Intel Corp INTC.O and startups like Cerebras Systems are targeting the same advanced computing markets. Intel said it is closely monitoring the situation, while Cerebras declined to comment.
One source said the rules could also impose license requirements on shipments to China of products that contain the targeted chips. Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip.
Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment.
A senior Commerce official declined to comment on the upcoming action, but said: "As a general rule, we look to codify any restrictions that are in is-informed letters with a regulatory change."
A spokesperson for the Commerce Department on Friday declined to comment on specific regulations but reiterated that it is "taking a comprehensive approach to implement additional actions...to protect U.S. national security and foreign policy interests," including to keep China from acquiring U.S. technology applicable to military modernization.
Liu Pengyu, a spokesperson for the Chinese Embassy in Washington, said on Tuesday that China opposes the United States'"abuse of export control measures to restrict the export of semiconductor-related items to China." The upcoming restrictions violate international trade rules, harm global growth and hurt U.S. and Chinese companies, he said.
KLA, Applied Materials and Nvidia declined to comment while Lam did not respond to requests for comment. AMD did not comment on the specific policy move but reaffirmed it does not foresee a "material impact" from its new licensing requirement.
'CHOKE POINT'
The planned action comes as the President Joe Biden's administration has sought to thwart China's advances by targeting technologies where the United States still maintains dominance.
"The strategy is to choke off China and they have discovered that chips are a choke point. They can't make this stuff, they can't make the manufacturing equipment," said Jim Lewis a technology expert at the Center for Strategic and International Studies. "That will change."
In an update on China-related measures last week, the Chamber of Commerce, a U.S. business lobbying group, warned members of imminent restrictions on AI chips and chipmaking tools.
"We are now hearing that members should expect a series of rules or perhaps an overarching rule prior to the mid-term election to codify the guidance in recently issued (Commerce Department) 'is-informed' letters to chip equipment and chip design companies," the chamber said.
The group also said the agency plans to add additional Chinese supercomputing entities to a trade blacklist.
Reuters was first to report in July that the Biden administration was actively discussing banning exports of chipmaking tools to Chinese factories that make advanced semiconductors at the 14 nanometer node and smaller. Tech news outlet Protocol reported plans to turn the letters sent to toolmakers into a regulation last month. Other elements of the rules, including the curbs on AI chip exports and the October release date, were first reported by Reuters.
U.S. officials have reached out to allies to lobby them to enact similar policies so that foreign companies would not be able to sell technology to China that American firms would be barred from shipping, two of the sources said.
“Coordination with allies is key to maximizing effectiveness and minimizing unintended consequences," Clete Willems, a former Trump administration trade official said. "This should favor broader regulations that others can replicate instead of one-off 'is informed' letters."
(Reporting by Karen Freifeld and Alexandra Alper; Additional Reporting by Stephen Nellis and Jane Lanhee Lee; Editing by Chris Sanders and Cynthia Osterman)
((Alexandra.Alper@thomsonreuters.com; +1(202)354-5865; Reuters Messaging: alexandra.alper.thomsonreuters.com@reuters.net - https://twitter.com/alexalper?lang=en))
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.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. By Karen Freifeld and Alexandra Alper WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
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Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. By Karen Freifeld and Alexandra Alper WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
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Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. The rules would also codify restrictions in Commerce Department letters sent to Nvidia Corp NVDA.O and Advanced Micro Devices AMD.O last month instructing them to halt shipments of several artificial intelligence computing chips to China unless they obtain licenses.
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Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. By Karen Freifeld and Alexandra Alper WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
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12146d8e-2036-4c2a-8497-8fff04ede14b
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725658.0
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2022-09-12 00:00:00 UTC
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EXCLUSIVE-Biden to hit China with broader curbs on U.S. chip and tool exports -sources
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DELL
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https://www.nasdaq.com/articles/exclusive-biden-to-hit-china-with-broader-curbs-on-u.s.-chip-and-tool-exports-sources-0
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nan
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nan
|
By Karen Freifeld and Alexandra Alper
WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies -- KLA Corp KLAC.O, Lam Research Corp LRCX.O and Applied Materials Inc AMAT.O, the people said, speaking on the condition of anonymity. The plan for new rules has not been previously reported.
The letters, which the companies publicly acknowledged, forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors with sub-14 nanometer processes unless the sellers obtain Commerce Department licenses.
The rules would also codify restrictions in Commerce Department letters sent to Nvidia Corp NVDA.O and Advanced Micro Devices AMD.O last month instructing them to halt shipments of several artificial intelligence computing chips to China unless they obtain licenses.
Some of the sources said the regulations would likely include additional actions against China. The restrictions could also be changed and the rules published later than expected.
So-called "is informed" letters allow the Commerce Department to bypass lengthy rule-writing processes to put controls in place quickly, but the letters only apply to the companies that receive them.
Turning the letters into rules would broaden their reach and could subject other U.S. companies producing similar technology to the restrictions. The regulations could potentially apply to companies trying to challenge Nvidia and AMD's dominance in artificial intelligence chips.
Intel Corp INTC.O and startups like Cerebras Systems are targeting the same advanced computing markets. Intel said it is closely monitoring the situation, while Cerebras declined to comment.
One source said the rules could also impose license requirements on shipments to China of products that contain the targeted chips. Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip.
Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment.
A senior Commerce official declined to comment on the upcoming action, but said: "As a general rule, we look to codify any restrictions that are in is-informed letters with a regulatory change."
A spokesperson for the Commerce Department on Friday declined to comment on specific regulations but reiterated that it is "taking a comprehensive approach to implement additional actions...to protect U.S. national security and foreign policy interests," including to keep China from acquiring U.S. technology applicable to military modernization.
KLA, Applied Materials and Nvidia declined to comment while Lam did not respond to requests for comment. AMD did not comment on the specific policy move but reaffirmed it does not foresee a "material impact" from its new licensing requirement.
'CHOKE POINT'
The planned action comes as the President Joe Biden's administration has sought to thwart China's advances by targeting technologies where the United States still maintains dominance.
"The strategy is to choke off China and they have discovered that chips are a choke point. They can't make this stuff, they can't make the manufacturing equipment," said Jim Lewis a technology expert at the Center for Strategic and International Studies. "That will change."
In an update on China-related measures last week, the Chamber of Commerce, a U.S. business lobbying group, warned members of imminent restrictions on AI chips and chipmaking tools.
"We are now hearing that members should expect a series of rules or perhaps an overarching rule prior to the mid-term election to codify the guidance in recently issued (Commerce Department) 'is-informed' letters to chip equipment and chip design companies," the Chamber said.
The Chamber of Commerce and the Chinese embassy in Washington did not immediately respond to requests for comment.
The group also said the agency plans to add additional Chinese supercomputing entities to a trade blacklist.
Reuters was first to report in July that the Biden administration was actively discussing banning exports of chipmaking tools to Chinese factories that make advanced semiconductors at the 14 nanometer node and smaller.
U.S. officials have reached out to allies to lobby them to enact similar policies so that foreign companies would not be able to sell technology to China that American firms would be barred from shipping, two of the sources said.
“Coordination with allies is key to maximizing effectiveness and minimizing unintended consequences," Clete Willems, a former Trump administration trade official said. "This should favor broader regulations that others can replicate instead of one-off 'is informed' letters."
(Reporting by Karen Freifeld and Alexandra Alper; Additional Reporting by Stephen Nellis and Jane Lanhee Lee; Editing by Chris Sanders and Cynthia Osterman)
((Alexandra.Alper@thomsonreuters.com; +1(202)354-5865; Reuters Messaging: alexandra.alper.thomsonreuters.com@reuters.net - https://twitter.com/alexalper?lang=en))
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.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. By Karen Freifeld and Alexandra Alper WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
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Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. By Karen Freifeld and Alexandra Alper WASHINGTON, Sept 11(Reuters) - The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
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Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. The rules would also codify restrictions in Commerce Department letters sent to Nvidia Corp NVDA.O and Advanced Micro Devices AMD.O last month instructing them to halt shipments of several artificial intelligence computing chips to China unless they obtain licenses.
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Dell Technologies DELL.N, Hewlett Packard Enterprise HPE.N and Super Micro Computer SMCI.O make data center servers that contain Nvidia's A100 chip. Dell and HPE said they were monitoring the situation, while Super Micro Computer did not respond to a request for comment. The plan for new rules has not been previously reported.
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706de1fe-d49b-4313-b78e-88483a902719
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725659.0
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2022-09-12 00:00:00 UTC
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Investors Heavily Search Dell Technologies Inc. (DELL): Here is What You Need to Know
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DELL
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https://www.nasdaq.com/articles/investors-heavily-search-dell-technologies-inc.-dell%3A-here-is-what-you-need-to-know
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nan
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nan
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Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this computer and technology services provider have returned -17.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 2.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Dell Technologies is expected to post earnings of $1.63 per share for the current quarter, representing a year-over-year change of -31.2%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.4%.
The consensus earnings estimate of $6.80 for the current fiscal year indicates a year-over-year change of +9.3%. This estimate has changed -2.9% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.14 indicates a change of +5% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed -4.7%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Dell Technologies is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Dell Technologies, the consensus sales estimate for the current quarter of $24.58 billion indicates a year-over-year change of -13.5%. For the current and next fiscal years, $102.2 billion and $102.73 billion estimates indicate -4.5% and +0.5% changes, respectively.
Last Reported Results and Surprise History
Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $1.68 for the same period compares with $2.24 a year ago.
Compared to the Zacks Consensus Estimate of $26.5 billion, the reported revenues represent a surprise of -0.27%. The EPS surprise was +3.07%.
Over the last four quarters, Dell Technologies surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
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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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Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 2.3% over this period.
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For the next fiscal year, the consensus earnings estimate of $7.14 indicates a change of +5% from what Dell Technologies is expected to report a year ago. Last Reported Results and Surprise History Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Dell Technologies is rated Zacks Rank #4 (Sell). Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 2.3% over this period.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) has recently been on Zacks.com's list of the most searched stocks. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has lost 2.3% over this period.
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4e012d93-55a8-446d-9b41-47002e918e65
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725660.0
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2022-09-06 00:00:00 UTC
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Will the Worldwide Shipments of PC Further Decline in Q3?
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DELL
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https://www.nasdaq.com/articles/will-the-worldwide-shipments-of-pc-further-decline-in-q3
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nan
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nan
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated the use of PC systems, be it for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming, or online shopping.
However, with the reopening of economic activities, the demand for consumer and educational PCs is waning, which is hurting PC sales. Additionally, ongoing component shortages and logistics delays are impacting PC manufacturers’ ability to meet demand.
As a result, worldwide PC shipments have been declining for the past two quarters. According to the data compiled by Gartner, PC vendors shipped 72 million units in the April-June quarter of 2022, 12.6% lower than the year-ago quarter. Another independent research firm, International Data Corporation (“IDC”), revealed that PC sales were down 15.3% year over year to 71.3 million units in the second quarter.
Per IDC, Lenovo, HP, Dell and Apple registered year-over-year declines of 12.1%, 27.6%, 5.3% and 22.5%, respectively, in PC deliveries.
In its third-quarter fiscal 2022 results, HP revealed that total PC units sold were down 7% on a year-over-year basis, resulting in a 3% year-over-year decline in its Personal Systems revenues. Similarly, Apple reported a 10.4% plunge in Mac revenues in the third quarter of fiscal 2022.
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
What Lies Ahead for Q3?
As the aforementioned factors persist, we expect PC shipments to sustain their downtrend in the third quarter. Additionally, rising inflation is deteriorating consumers’ spending power, forcing buyers to postpone purchasing plans for PCs.
Furthermore, enterprises may postpone their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. This is likely to negatively impact the demand for commercial PCs in the third quarter.
In July 2022, Gartner lowered its forecast for worlwide IT spending growth rate to 3% from the 4% mentioned earlier. The research firm had stated that the 2022 IT spending growth will be much slower than 2021 due to “spending cutbacks on PCs, tablets and printers by consumers.”
IDC’s most recent forecast for global PC shipments suggests a decline of 12.8% for 2022 to 305.3 million units. The research firm blames inflation and the weakening of the global economy for the disappointing forecast.
Considering the macroeconomic challenges, the declining trend in PC shipments for Lenovo, HP, Dell and Apple is expected to continue in the third quarter. Currently, Lenovo and Apple carry a Zacks Rank #3 (Hold). While HP carries a Zacks Rank #4 (Sell), Dell has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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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
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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Considering the macroeconomic challenges, the declining trend in PC shipments for Lenovo, HP, Dell and Apple is expected to continue in the third quarter. In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. Per IDC, Lenovo, HP, Dell and Apple registered year-over-year declines of 12.1%, 27.6%, 5.3% and 22.5%, respectively, in PC deliveries.
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. While HP carries a Zacks Rank #4 (Sell), Dell has a Zacks Rank #5 (Strong Sell). Per IDC, Lenovo, HP, Dell and Apple registered year-over-year declines of 12.1%, 27.6%, 5.3% and 22.5%, respectively, in PC deliveries.
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. Considering the macroeconomic challenges, the declining trend in PC shipments for Lenovo, HP, Dell and Apple is expected to continue in the third quarter. Per IDC, Lenovo, HP, Dell and Apple registered year-over-year declines of 12.1%, 27.6%, 5.3% and 22.5%, respectively, in PC deliveries.
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. Per IDC, Lenovo, HP, Dell and Apple registered year-over-year declines of 12.1%, 27.6%, 5.3% and 22.5%, respectively, in PC deliveries. Considering the macroeconomic challenges, the declining trend in PC shipments for Lenovo, HP, Dell and Apple is expected to continue in the third quarter.
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0be0310d-64e6-4acd-bdd5-7def720a1c23
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725661.0
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2022-09-02 00:00:00 UTC
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Peek Under The Hood: EUSA Has 23% Upside
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DELL
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https://www.nasdaq.com/articles/peek-under-the-hood%3A-eusa-has-23-upside
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares MSCI USA Equal Weighted ETF (Symbol: EUSA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $91.04 per unit.
With EUSA trading at a recent price near $74.18 per unit, that means that analysts see 22.73% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EUSA's underlying holdings with notable upside to their analyst target prices are Bill.com Holdings Inc (Symbol: BILL), MongoDB Inc (Symbol: MDB), and Dell Technologies Inc (Symbol: DELL). Although BILL has traded at a recent price of $149.87/share, the average analyst target is 57.39% higher at $235.88/share. Similarly, MDB has 48.54% upside from the recent share price of $241.11 if the average analyst target price of $358.15/share is reached, and analysts on average are expecting DELL to reach a target price of $55.85/share, which is 48.33% above the recent price of $37.65. Below is a twelve month price history chart comparing the stock performance of BILL, MDB, and DELL:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares MSCI USA Equal Weighted ETF EUSA $74.18 $91.04 22.73%
Bill.com Holdings Inc BILL $149.87 $235.88 57.39%
MongoDB Inc MDB $241.11 $358.15 48.54%
Dell Technologies Inc DELL $37.65 $55.85 48.33%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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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iShares MSCI USA Equal Weighted ETF EUSA $74.18 $91.04 22.73% Bill.com Holdings Inc BILL $149.87 $235.88 57.39% MongoDB Inc MDB $241.11 $358.15 48.54% Dell Technologies Inc DELL $37.65 $55.85 48.33% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EUSA's underlying holdings with notable upside to their analyst target prices are Bill.com Holdings Inc (Symbol: BILL), MongoDB Inc (Symbol: MDB), and Dell Technologies Inc (Symbol: DELL). Similarly, MDB has 48.54% upside from the recent share price of $241.11 if the average analyst target price of $358.15/share is reached, and analysts on average are expecting DELL to reach a target price of $55.85/share, which is 48.33% above the recent price of $37.65.
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Three of EUSA's underlying holdings with notable upside to their analyst target prices are Bill.com Holdings Inc (Symbol: BILL), MongoDB Inc (Symbol: MDB), and Dell Technologies Inc (Symbol: DELL). iShares MSCI USA Equal Weighted ETF EUSA $74.18 $91.04 22.73% Bill.com Holdings Inc BILL $149.87 $235.88 57.39% MongoDB Inc MDB $241.11 $358.15 48.54% Dell Technologies Inc DELL $37.65 $55.85 48.33% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, MDB has 48.54% upside from the recent share price of $241.11 if the average analyst target price of $358.15/share is reached, and analysts on average are expecting DELL to reach a target price of $55.85/share, which is 48.33% above the recent price of $37.65.
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Similarly, MDB has 48.54% upside from the recent share price of $241.11 if the average analyst target price of $358.15/share is reached, and analysts on average are expecting DELL to reach a target price of $55.85/share, which is 48.33% above the recent price of $37.65. Three of EUSA's underlying holdings with notable upside to their analyst target prices are Bill.com Holdings Inc (Symbol: BILL), MongoDB Inc (Symbol: MDB), and Dell Technologies Inc (Symbol: DELL). Below is a twelve month price history chart comparing the stock performance of BILL, MDB, and DELL: Below is a summary table of the current analyst target prices discussed above:
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iShares MSCI USA Equal Weighted ETF EUSA $74.18 $91.04 22.73% Bill.com Holdings Inc BILL $149.87 $235.88 57.39% MongoDB Inc MDB $241.11 $358.15 48.54% Dell Technologies Inc DELL $37.65 $55.85 48.33% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EUSA's underlying holdings with notable upside to their analyst target prices are Bill.com Holdings Inc (Symbol: BILL), MongoDB Inc (Symbol: MDB), and Dell Technologies Inc (Symbol: DELL). Similarly, MDB has 48.54% upside from the recent share price of $241.11 if the average analyst target price of $358.15/share is reached, and analysts on average are expecting DELL to reach a target price of $55.85/share, which is 48.33% above the recent price of $37.65.
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00f4bb49-64bf-4b13-bd1f-0f7365cb1082
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725662.0
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2022-09-01 00:00:00 UTC
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AMD Pensando DPUs Help VMware Reduce Operational Costs
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DELL
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https://www.nasdaq.com/articles/amd-pensando-dpus-help-vmware-reduce-operational-costs
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nan
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nan
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Advanced Micro Devices AMD recently announced that its AMD Pensando Distributed Services Card is selected as the first data processing unit (DPU) solution to support VMware’s VMW vSphere 8, also procurable from leading server vendors like Dell Technologies DELL, HPE and Lenovo.
With recent growth of data center applications in terms of scale and sophistication, the resulting workloads are mounting pressure on infrastructure services and crucial CPU resources to generate greater throughput of processed data. It is becoming very difficult to manage big data safely and fast in a cost-effective way. As a result, organizations are seeking IT infrastructure that is composable and delivers a cloud-like storage system for their voluminous data.
VMware is addressing this issue by building an IT infrastructure as a composable architecture which can offload infrastructure workloads such as networking, storage, and security from the CPU and free up valuable CPU cycles to be used for business operations and revenue generating applications.
The AMD Pensando DPU is at the core of this shift. In collaboration with VMware vSphere Distributed Services Engine, it is helping reduce operational costs by freeing up CPU resources and providing extra security by separating infrastructure services from server tenant workloads.
The recent collaboration with VMware will help AMD expand its operations in the high-growth markets like data center and phase itself out from the sluggish PC market, which is witnessing tepid demand.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD Diversifies Data Center Operations for Share Price Rally
AMD's shares have slumped 41% compared with the Zacks Computer and Technology sector's decline of 28.3% in the year-to-date period.
The fall in AMD’s share price was due to the rising geo-political tensions between the United States and China, the global supply-chain challenges that adversely impacted the semiconductor industry, the ongoing Russia-Ukraine war, rising inflation and interest rate hike by the U.S. Federal Reserve, which has caused the recent fall in PC demand as the market slips into recession.
Stiff competition from peers like NVIDIA NVDA and Intel also remains a concern.
NVIDIA is a dominant name in the data center, professional visualization and gaming markets where its peers are close on its heels. NVDA has been benefiting from the rapid proliferation of AI. The company has been expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Intel is still leading name in the consumer PC market and is the major competitor of AMD in this segment. INTC is gradually reducing its dependence on the PC-centric business by transitioning to data-centric businesses such as AI and autonomous driving.
However, AMD which currently carries Zacks Rank #3 (Hold) has been gaining from its plans to form strategic partnerships and acquisitions with different companies to address new-high growth markets and enter the AI and AR spaces with its launch of various new products. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
The recent collaboration will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
Also, AMD’s recent collaboration with VMWare is aiding in expanding its’ operational base in the data center business where it can cement its position with the acquisition of Pensando.
AMD completed the acquisition of Pensando for approximately $1.9 billion, which is expected to strengthen its technology portfolio and expand its rapidly growing data center business despite strong competition.
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See 5 EV Stocks With Extreme Upside Potential >>
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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
VMware, Inc. (VMW): 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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Advanced Micro Devices AMD recently announced that its AMD Pensando Distributed Services Card is selected as the first data processing unit (DPU) solution to support VMware’s VMW vSphere 8, also procurable from leading server vendors like Dell Technologies DELL, HPE and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Advanced Micro Devices AMD recently announced that its AMD Pensando Distributed Services Card is selected as the first data processing unit (DPU) solution to support VMware’s VMW vSphere 8, also procurable from leading server vendors like Dell Technologies DELL, HPE and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
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Advanced Micro Devices AMD recently announced that its AMD Pensando Distributed Services Card is selected as the first data processing unit (DPU) solution to support VMware’s VMW vSphere 8, also procurable from leading server vendors like Dell Technologies DELL, HPE and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Advanced Micro Devices AMD recently announced that its AMD Pensando Distributed Services Card is selected as the first data processing unit (DPU) solution to support VMware’s VMW vSphere 8, also procurable from leading server vendors like Dell Technologies DELL, HPE and Lenovo. AMD recently collaborated with Dell to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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750fa250-b370-4753-9b60-0d7e0e448eb3
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725663.0
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2022-08-31 00:00:00 UTC
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RSI Alert: Dell Technologies Now Oversold
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DELL
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https://www.nasdaq.com/articles/rsi-alert%3A-dell-technologies-now-oversold
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $38.18 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 40.6. A bullish investor could look at DELL's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares:
Looking at the chart above, DELL's low point in its 52 week range is $38.18 per share, with $114.99 as the 52 week high point — that compares with a last trade of $38.29.
Free Report: Top 7%+ Dividends (paid monthly)
Find out what 9 other oversold stocks you need to know about »
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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A bullish investor could look at DELL's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $38.18 per share, with $114.99 as the 52 week high point — that compares with a last trade of $38.29. In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $38.18 per share.
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $38.18 per share. A bullish investor could look at DELL's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $38.18 per share, with $114.99 as the 52 week high point — that compares with a last trade of $38.29.
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $38.18 per share. A bullish investor could look at DELL's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $38.18 per share, with $114.99 as the 52 week high point — that compares with a last trade of $38.29.
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In trading on Wednesday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $38.18 per share. A bullish investor could look at DELL's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $38.18 per share, with $114.99 as the 52 week high point — that compares with a last trade of $38.29.
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98309141-301e-469c-aa8a-89f935df2263
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725664.0
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2022-08-30 00:00:00 UTC
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Here is What to Know Beyond Why Dell Technologies Inc. (DELL) is a Trending Stock
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DELL
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-dell-technologies-inc.-dell-is-a-trending-stock
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nan
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nan
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Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this computer and technology services provider have returned -10.6%, compared to the Zacks S&P 500 composite's -2.3% change. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has lost 2.4%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Dell Technologies is expected to post earnings of $1.63 per share, indicating a change of -31.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.2% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $6.97 points to a change of +12.1% from the prior year. Over the last 30 days, this estimate has changed -0.8%.
For the next fiscal year, the consensus earnings estimate of $7.34 indicates a change of +5.2% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed -2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Dell Technologies is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Dell Technologies, the consensus sales estimate of $24.67 billion for the current quarter points to a year-over-year change of -13.1%. The $103.69 billion and $104.88 billion estimates for the current and next fiscal years indicate changes of -3.1% and +1.2%, respectively.
Last Reported Results and Surprise History
Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $1.68 for the same period compares with $2.24 a year ago.
Compared to the Zacks Consensus Estimate of $26.5 billion, the reported revenues represent a surprise of -0.27%. The EPS surprise was +3.07%.
Over the last four quarters, Dell Technologies surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has lost 2.4%.
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Last Reported Results and Surprise History Dell Technologies reported revenues of $26.43 billion in the last reported quarter, representing a year-over-year change of +1.1%. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has lost 2.4%.
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For the next fiscal year, the consensus earnings estimate of $7.34 indicates a change of +5.2% from what Dell Technologies is expected to report a year ago. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Dell Technologies is rated Zacks Rank #4 (Sell). Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has lost 2.4%.
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490d33c2-2e4b-40fa-9f8a-b2fe6529eda4
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725665.0
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2022-08-30 00:00:00 UTC
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AMD Expands Portfolio With Zen 4 Powered Ryzen 7000 Chip Series
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DELL
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https://www.nasdaq.com/articles/amd-expands-portfolio-with-zen-4-powered-ryzen-7000-chip-series
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nan
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nan
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Advanced Micro Devices AMD is expanding its Ryzen processor line-up for gamers and content creators with the introduction of Ryzen 7000 Series desktop processors, powered by the new Zen 4 architecture.
The new Ryzen 7000 series offers four processors — Ryzen 5 7600X, Ryzen 7 7700X, Ryzen 9 7900X and Ryzen 9 7950 X — featuring combinations of 6 cores-12 threads, 8 cores-16 threads, 12 cores-24 threads and 16 cores-32 threads, respectively.
The new Ryzen 7000 series processors are expected to be available globally from Sep 27.
Built on a TSMC 5 nm process node, the new processors promise dominant performance and energy efficiency.
For instance, the premium Ryzen 9 7950 X (available at $699) enables single-core performance improvement of up to 29% compared with the previous version.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
The 7950 X processor offers up to 45% more computing power for content creators in POV-Ray, up to 15% faster gaming performance in select titles and up to 27% better performance-per-watt.
Moreover, the Ryzen 7950X processor is up to 47% more energy efficient than the closest competition.
Apart from the new processors, AMD unveiled the new Socket AM5 platform, which features four new chipsets, X670 Extreme, X670, B650E and B650. While X670 Extreme and X670 will be available in September, the other two will be available in October.
Expanding Portfolio to Drive AMD’s Prospects
AMD is benefiting from strong demand for Ryzen and EPYC processors. The latest Ryzen processors follow AMD’s June-end launch of Ryzen Embedded R-Series system-on-chips processors, which are specifically designed to address solutions for industrial and robotics systems, machine vision, IoT and thin-client equipment.
AMD’s focus on constantly improving the performance of its Ryzen processors has been a game-changer against stiff competition from the likes of NVIDIA NVDA and Intel INTC.
AMD has underperformed Intel and the Zacks Computer & Technology sector year to date, while outperforming NVIDIA. AMD shares have lost 38.5% compared with Intel’s decline of 36%. NVIDIA has lost 46.3%, while the Zacks Computer & Technology sector has been down 26.3%.
Nevertheless, NVIDIA is giving AMD tough competition in the high-performance computing market. NVIDIA’s processors have been benefiting from the rapid proliferation of AI. NVIDIA is expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Nvidia recently teamed up with Hewlett Packard Enterprise to bring AI software services to the cloud. NVIDIA AI enterprise is now available in Hewlett Packard Greenlake in select countries.
Intel, on the other hand, continues to be a leading name in the consumer PC market, thanks to its Alder Lake PC chips. The chip-giant has an innovative pipeline of products that includes Raptor Lake (13th gen) and Meteor Lake chips (built on Intel’s 4 nm manufacturing process).
However, declining PC demand doesn’t bode well for both Intel and AMD. Per the latest report from IDC, second-quarter 2022 PC sales were down 15.3% year over year to 71.3 million units, higher than the first quarter's decline of 5.1%.
AMD-partner Dell Technologies DELL also cautioned about a slowing PC market in its recently concluded fiscal second-quarter earnings call.
In late July, AMD and Dell launched a 17” AMD Advantage laptop, the Alienware m17 r5 Gaming Laptop. The new laptop is integrated with AMD Ryzen 6000 series processors, AMD Radeon RX 6000 series graphics, and new AMD Smart Technologies.
This high-end gaming laptop is expected to strengthen AMD's footprint in the consumer PC market.
Moreover, AMD’s focus on diversifying its product portfolio to cater to new and trending markets like cloud, gaming and data centers is expected to help it counter the declining PC demand.
Moreover, AMD’s acquisitions of Xilinx and Pensando will help it to expand in the augmented reality (AR) space and data center business. Xilinx’s acquisition expands AMD's technology and product portfolio and adds multiple high-margin long-term revenue streams across a new set of markets such as AI and AR.
This Zacks Rank #3 (Hold) company provided strong 2022 guidance for revenues backed by robust growth across all businesses. Higher server and client processor revenues are likely to lead to a sequential increase. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD expects third-quarter 2022 revenues to be $6.7 billion (+/-$200 million), which indicates year-over-year growth of 55%. For 2022, AMD expects revenues to increase 60% year over year to $26.3 billion (+/-$300 million).
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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
Intel Corporation (INTC): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): 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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AMD-partner Dell Technologies DELL also cautioned about a slowing PC market in its recently concluded fiscal second-quarter earnings call. In late July, AMD and Dell launched a 17” AMD Advantage laptop, the Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD-partner Dell Technologies DELL also cautioned about a slowing PC market in its recently concluded fiscal second-quarter earnings call. In late July, AMD and Dell launched a 17” AMD Advantage laptop, the Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD-partner Dell Technologies DELL also cautioned about a slowing PC market in its recently concluded fiscal second-quarter earnings call. In late July, AMD and Dell launched a 17” AMD Advantage laptop, the Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD-partner Dell Technologies DELL also cautioned about a slowing PC market in its recently concluded fiscal second-quarter earnings call. In late July, AMD and Dell launched a 17” AMD Advantage laptop, the Alienware m17 r5 Gaming Laptop. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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ca2f3f8b-db3c-4686-8531-1586c0d97fe9
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725666.0
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2022-08-29 00:00:00 UTC
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DELL Exits Russia, Shares Decline on Dismal Q3 Outlook
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DELL
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https://www.nasdaq.com/articles/dell-exits-russia-shares-decline-on-dismal-q3-outlook
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nan
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nan
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Dell Technologies DELL has closed its Russian operations after closing offices in mid-August, per a Reuters report.
Dell shares plunged 13.51% on Aug 26, following disappointing fiscal second-quarter 2023 results and dim fiscal third-quarter prospects. The company’s shares have fallen 26.3% year to date compared with the Zacks Computer & Technology sector’s decline of 26.4%.
Dell followed a host of companies like Adobe, Airbnb, Apple, Bumble, EA, Google (Advertising business), IBM and Intel in suspending sales in Ukraine (Donetsk and Luhansk) and Russia in February, this year, following Russia’s invasion of Ukraine.
The United States, European Union and the United Kingdom have all imposed economic sanctions on Russia following the invasion.
Dell Technologies Inc. Price, Consensus and EPS Surprise
Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote
Dell’s operations in Russia and Ukraine accounted for less than 1% of net revenues in fiscal 2022.
Dell Beats Q2 Earnings Estimates, Prospects Weak
Dell reported second-quarter fiscal 2023 non-GAAP earnings of $1.68 per share, beating the Zacks Consensus Estimate by 3.07%. The bottom line increased 14% year over year.
Revenues, on a non-GAAP basis, improved 9% year over year to $26.43 billion but lagged the consensus mark by 0.27%.
Product revenues increased 10% year over year to $20.81 billion. Services revenues rose 6% year over year to $5.62 billion.
Recurring revenues were roughly $5.2 billion, up 8% year over year.
Quarter in Detail
Infrastructure Solutions Group (“ISG”) revenues were up 12% year over year to $9.54 billion.
The upside can be attributed to 16% growth in servers and networking revenues that totaled $5.21 billion. Storage revenues grew 6% year over year to $4.33 billion.
Dell now sees a more challenging ISG demand environment in the second half of 2022.
Dell witnessed a shortage of parts and embedded integrated circuits, including power supplies and NICs in the reported quarter. ISG backlog, particularly servers, remained elevated.
Client Solutions Group (“CSG”) revenues were $15.49 billion, up 9% year over year. This performance was driven by Commercial revenues, which surged 15% year over year to $12.14 billion. Consumer revenues were down 9% to $3.35 billion.
In the CSG segment, Dell saw demand weakness in both Consumer and Commercial.
The non-GAAP gross profit stayed at $5.65 billion on a year-over-year basis. The gross margin contracted 200 basis points (bps) year over year to 21.4% due to increased costs and forex headwinds.
Non-GAAP operating expenses decreased 3% year over year to $3.70 billion. Operating expenses, as a percentage of revenues, declined 170 bps on a year-over-year basis to 14%.
The non-GAAP operating income was $1.95 billion, up 4% from the year-ago quarter’s levels. The operating margin contracted 30 bps year over year to 7.4%.
The ISG operating income increased 9% year over year to $1.05 billion. Meanwhile, the CSG operating income was $978 million, down 1% year over year.
Balance Sheet
As of Jul 29, 2022, DELL had $5.51 billion in cash and long-term investments compared with $8.52 billion as of Apr 29, 2022.
Debt was $26.93 billion as of Jul 29, 2022 compared with $27.12 billion as of Apr 29, 2022.
Dell’s remaining performance obligations or RPO is approximately $41 billion, up 2% year over year at the end of the fiscal second quarter.
Dell returned $850 million to its shareholders through a combination of share repurchases and dividends.
Guidance
Dell expects fiscal third-quarter revenues between $23.8 billion and $25 billion, down 8% at the mid-point, with CSG declining in the high-teens and ISG growing in the low-teens.
Gross margin is expected to increase sequentially as the mix shifts to ISG. Operating expense is expected to decline sequentially.
Dell expects earnings between $1.53 per share and $1.79 per share, unchanged year over year at the mid-point.
For fiscal 2023, revenues are expected to be flat or up 2%. Earnings are expected between $6.60 per share and $7 per share, up 9% year over year at the mid-point.
Zacks Rank & Stocks to Consider
Dell carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Computer & Technology sector are Audioeye AEYE, Airbnb ABNB and Amphenol APH. All three stocks have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Audioeye, Airbnb and Amphenol are down 47.9%, 26.6% and 2.5%, respectively, on a year-to-date basis.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Amphenol Corporation (APH): Free Stock Analysis Report
Audioeye, Inc. (AEYE): Free Stock Analysis Report
Airbnb, Inc. (ABNB): 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 witnessed a shortage of parts and embedded integrated circuits, including power supplies and NICs in the reported quarter. Dell Technologies DELL has closed its Russian operations after closing offices in mid-August, per a Reuters report. Dell shares plunged 13.51% on Aug 26, following disappointing fiscal second-quarter 2023 results and dim fiscal third-quarter prospects.
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Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote Dell’s operations in Russia and Ukraine accounted for less than 1% of net revenues in fiscal 2022. Dell Beats Q2 Earnings Estimates, Prospects Weak Dell reported second-quarter fiscal 2023 non-GAAP earnings of $1.68 per share, beating the Zacks Consensus Estimate by 3.07%. Dell Technologies DELL has closed its Russian operations after closing offices in mid-August, per a Reuters report.
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Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote Dell’s operations in Russia and Ukraine accounted for less than 1% of net revenues in fiscal 2022. Dell’s remaining performance obligations or RPO is approximately $41 billion, up 2% year over year at the end of the fiscal second quarter. Dell expects earnings between $1.53 per share and $1.79 per share, unchanged year over year at the mid-point.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL has closed its Russian operations after closing offices in mid-August, per a Reuters report. Dell shares plunged 13.51% on Aug 26, following disappointing fiscal second-quarter 2023 results and dim fiscal third-quarter prospects.
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c5f9d87c-95aa-4c24-99ea-b676744887f1
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2022-08-29 00:00:00 UTC
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Company News for Aug 29, 2022
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DELL
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https://www.nasdaq.com/articles/company-news-for-aug-29-2022
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nan
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nan
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Shares of Affirm Holdings, Inc. AFRM plummeted 21.3% after the company reported fourth-quarter fiscal 2022 loss of $0.65 per share, wide than the Zacks Consensus Estimate of a loss of $0.45 per share.
Farfetch Limited’s FTCH shares soared 26.1% after the company reported second-quarter 2022 loss of $0.21 per share, narrower than the Zacks Consensus Estimate of a loss of $0.26.
Shares of Seagen Inc. SGEN declined 5.7% on reports that talks of the company being bought by Merck & Co., Inc. MRK have come to a halt.
Dell Technologies Inc.’s DELL shares tumbled 13.5% after the company posted second-quarter 2022 revenues of $26.43 billion, missing the Zacks Consensus Estimate of $26.5 billion.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Merck & Co., Inc. (MRK): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Seagen Inc. (SGEN): Free Stock Analysis Report
Farfetch Limited (FTCH): Free Stock Analysis Report
Affirm Holdings, Inc. (AFRM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc.’s DELL shares tumbled 13.5% after the company posted second-quarter 2022 revenues of $26.43 billion, missing the Zacks Consensus Estimate of $26.5 billion. Dell Technologies Inc. (DELL): Free Stock Analysis Report Shares of Seagen Inc. SGEN declined 5.7% on reports that talks of the company being bought by Merck & Co., Inc. MRK have come to a halt.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies Inc.’s DELL shares tumbled 13.5% after the company posted second-quarter 2022 revenues of $26.43 billion, missing the Zacks Consensus Estimate of $26.5 billion. Farfetch Limited’s FTCH shares soared 26.1% after the company reported second-quarter 2022 loss of $0.21 per share, narrower than the Zacks Consensus Estimate of a loss of $0.26.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies Inc.’s DELL shares tumbled 13.5% after the company posted second-quarter 2022 revenues of $26.43 billion, missing the Zacks Consensus Estimate of $26.5 billion. Shares of Affirm Holdings, Inc. AFRM plummeted 21.3% after the company reported fourth-quarter fiscal 2022 loss of $0.65 per share, wide than the Zacks Consensus Estimate of a loss of $0.45 per share.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies Inc.’s DELL shares tumbled 13.5% after the company posted second-quarter 2022 revenues of $26.43 billion, missing the Zacks Consensus Estimate of $26.5 billion. Click to get this free report
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321caf92-6cfb-48a6-b4c9-20e57c79a7b8
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725668.0
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2022-08-29 00:00:00 UTC
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Ericsson to wind down business activities in Russia over coming months
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DELL
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https://www.nasdaq.com/articles/ericsson-to-wind-down-business-activities-in-russia-over-coming-months-0
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nan
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Adds details on the exit, background
STOCKHOLM/MOSCOW, Aug 29 (Reuters) - Ericsson ERICb.ST said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers.
The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to affected employees.
More and more Western companies are selling their Russian businesses after announcing suspensions of operations in the weeks after Moscow sent tens of thousands of troops into Ukraine on Feb. 24.
Dell Technologies Inc DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August.
Ericsson, which had sent its employees on paid leave earlier this year, also recorded a 900 million crown ($95 million) provision in the first quarter for impairment of assets and other exceptional costs related to the move.
Its Finnish rival Nokia NOKIA.HE had already announced its decision to pull out of Russia, impacting about 2,000 employees. The Finnish company did not respond to a request for comment on when the exit will complete.
Russian daily Kommersant first reported Ericsson's exit and said some of its support staff would move to a new firm that will be established by top managers in Russia. Ericsson did not comment on the new firm.
FACTBOX-Companies sell their businesses in Russia
(Reporting by Supantha Mukherjee in Stockholm and Alexander Marrow in Moscow; Editing by Stine Jacobsen and Jan Harvey)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.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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Dell Technologies Inc DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August. Adds details on the exit, background STOCKHOLM/MOSCOW, Aug 29 (Reuters) - Ericsson ERICb.ST said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. More and more Western companies are selling their Russian businesses after announcing suspensions of operations in the weeks after Moscow sent tens of thousands of troops into Ukraine on Feb. 24.
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Dell Technologies Inc DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August. More and more Western companies are selling their Russian businesses after announcing suspensions of operations in the weeks after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. Russian daily Kommersant first reported Ericsson's exit and said some of its support staff would move to a new firm that will be established by top managers in Russia.
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Dell Technologies Inc DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August. Adds details on the exit, background STOCKHOLM/MOSCOW, Aug 29 (Reuters) - Ericsson ERICb.ST said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to affected employees.
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Dell Technologies Inc DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August. Its Finnish rival Nokia NOKIA.HE had already announced its decision to pull out of Russia, impacting about 2,000 employees. The Finnish company did not respond to a request for comment on when the exit will complete.
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70deab0c-da09-438d-8dc9-9be8a8b49aac
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725669.0
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2022-08-27 00:00:00 UTC
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Dell ceases all Russian operations after August offices closure
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DELL
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https://www.nasdaq.com/articles/dell-ceases-all-russian-operations-after-august-offices-closure
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nan
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nan
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This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine
Adds Dell comment
MOSCOW, Aug 27 (Reuters) - Dell Technologies Inc. DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia.
The U.S. computer firm, a vital supplier of servers in Russia, has joined others in curtailing operations since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.
Dell suspended sales in Ukraine and Russia in February, saying it would monitor the situation to determine next steps.
"In mid-August, we closed our offices and ceased all Russian operations," Dell spokesperson Mike Siemienas told Reuters.
"Back in February, we made the decision to not sell, service or support products in Russia, Belarus and the Donetsk and Luhansk regions of Ukraine, in addition to the already embargoed Crimea."
Russia annexed the Black Sea peninsula of Crimea from Ukraine in 2014 and recognised self-styled, breakaway republics in the Donetsk and Luhansk regions of east Ukraine in February, moves condemned by Ukraine and Western nations, which have imposed sanctions on Russia.
Russia's industry ministry said on Friday many of the researchers and engineers working for Dell in Russia had already been offered new jobs, after media reports said the company was making a full exit.
Tech-focused publication CNews this week reported that Dell would fully exit Russia and would lay off all its local staff. IT-focused news portal TAdviser published a similar report.
"We are monitoring the development of the situation," the TASS news agency quoted Deputy Industry and Trade Minister Vasily Shpak as saying on Friday.
"According to our data, the vast majority of Dell's R&D centre specialists and support engineers in St Petersburg and Moscow have already received job offers with competitive pay from Russian producers."
(Reporting by Alexander Marrow in Moscow and Eva Mathews in Bengaluru; Editing by Christina Fincher and Edmund Blair)
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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"According to our data, the vast majority of Dell's R&D centre specialists and support engineers in St Petersburg and Moscow have already received job offers with competitive pay from Russian producers." This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Adds Dell comment MOSCOW, Aug 27 (Reuters) - Dell Technologies Inc. DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. Dell suspended sales in Ukraine and Russia in February, saying it would monitor the situation to determine next steps.
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This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Adds Dell comment MOSCOW, Aug 27 (Reuters) - Dell Technologies Inc. DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. "In mid-August, we closed our offices and ceased all Russian operations," Dell spokesperson Mike Siemienas told Reuters. Dell suspended sales in Ukraine and Russia in February, saying it would monitor the situation to determine next steps.
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This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Adds Dell comment MOSCOW, Aug 27 (Reuters) - Dell Technologies Inc. DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. Russia's industry ministry said on Friday many of the researchers and engineers working for Dell in Russia had already been offered new jobs, after media reports said the company was making a full exit. Dell suspended sales in Ukraine and Russia in February, saying it would monitor the situation to determine next steps.
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This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Adds Dell comment MOSCOW, Aug 27 (Reuters) - Dell Technologies Inc. DELL.N said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. Dell suspended sales in Ukraine and Russia in February, saying it would monitor the situation to determine next steps. "In mid-August, we closed our offices and ceased all Russian operations," Dell spokesperson Mike Siemienas told Reuters.
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725670.0
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2022-08-26 00:00:00 UTC
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US STOCKS-Nasdaq falls over 2% after Powell's speech sparks tech rout
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DELL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-falls-over-2-after-powells-speech-sparks-tech-rout
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nan
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nan
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By Bansari Mayur Kamdar and Devik Jain
Aug 26 (Reuters) - The Nasdaq led Wall Street sharply lower on Friday after Federal Reserve Chief Jerome Powell signaled the central bank would keep raising interest rates to tame inflation, sparking a selloff in growth and technology stocks.
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, Powell said in a speech to the Jackson Hole central banking conference in Wyoming.
That means slower growth, a weaker job market and "some pain" for households and businesses, he added.
"His comments were hawkish, he's keeping the pedal to the metal here when it comes to policy to fight inflation," said Lindsey Bell, chief money and markets strategist at Ally.
All the 11 major S&P 500 sectors were lower in mid-day trading, with information technology .SPLRCT, communication services .SPLRCL and consumer discretionary .SPLRCD stocks down between 2.5% and 3.1%.
Weighing on megacap growth and technology stocks, the U.S. two-year Treasury yields briefly popped to their highest levels since October 2007 before stabilizing near two-month highs. US/
High-growth and technology stocks such as Nvidia Corp NVDA.O and Amazon.com Inc AMZN.O declined 6.0% and 3.2%, respectively, after posting sharp gains in the previous session.
Economy-sensitive banks .SPXBK fell 1.9%.
"The market is reacting pretty negatively because if you look at expectations for where fed funds rate go this year and next year, the market was anticipating that the Fed backs off in the next year and nothing that Powell said suggests that would be the case," said Bell.
U.S. stock indexes have retreated since the turn of the year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
But they have recovered strongly since June, with the S&P 500 recouping nearly half its losses for the year on stronger-than-expected quarterly earnings and hopes inflation has peaked.
Traders were still divided between a 75-basis-point and a 50-basis-point hike by the Fed, while economists see the central bank lifting rates by 50 basis points at its meeting next month.
At 11:45 a.m. ET, the Dow Jones Industrial Average .DJI was down 568.91 points, or 1.71%, at 32,722.87, the S&P 500 .SPX was down 86.30 points, or 2.06%, at 4,112.82, and the Nasdaq Composite .IXIC was down 330.25 points, or 2.61%, at 12,309.02.
Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
Dell Technologies Inc DELL.N fell 11.9% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.
Affirm Holdings Inc AFRM.O tumbled 20.7% after the buy-now-pay-later lender forecast full-year revenue below Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.
Declining issues outnumbered advancers for a 5.65-to-1 ratio on the NYSE and a 4.74-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and 32 new lows, while the Nasdaq recorded 24 new highs and 92 new lows.
The Fed's game plan: 'Raise and hold' The Fed's game plan: 'Raise and hold'https://tmsnrt.rs/3q3A3SR
(Reporting by Bansari Mayur Kamdar, Devik Jain, Anisha Sircar and Sruthi Shankar in Bengaluru; Editing by Maju Samuel and Aditya Soni)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @BansariKamdar))
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.N fell 11.9% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - The Nasdaq led Wall Street sharply lower on Friday after Federal Reserve Chief Jerome Powell signaled the central bank would keep raising interest rates to tame inflation, sparking a selloff in growth and technology stocks. Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
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Dell Technologies Inc DELL.N fell 11.9% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - The Nasdaq led Wall Street sharply lower on Friday after Federal Reserve Chief Jerome Powell signaled the central bank would keep raising interest rates to tame inflation, sparking a selloff in growth and technology stocks. The S&P index recorded three new 52-week highs and 32 new lows, while the Nasdaq recorded 24 new highs and 92 new lows.
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Dell Technologies Inc DELL.N fell 11.9% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - The Nasdaq led Wall Street sharply lower on Friday after Federal Reserve Chief Jerome Powell signaled the central bank would keep raising interest rates to tame inflation, sparking a selloff in growth and technology stocks. "The market is reacting pretty negatively because if you look at expectations for where fed funds rate go this year and next year, the market was anticipating that the Fed backs off in the next year and nothing that Powell said suggests that would be the case," said Bell.
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Dell Technologies Inc DELL.N fell 11.9% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - The Nasdaq led Wall Street sharply lower on Friday after Federal Reserve Chief Jerome Powell signaled the central bank would keep raising interest rates to tame inflation, sparking a selloff in growth and technology stocks. "The market is reacting pretty negatively because if you look at expectations for where fed funds rate go this year and next year, the market was anticipating that the Fed backs off in the next year and nothing that Powell said suggests that would be the case," said Bell.
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725671.0
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2022-08-26 00:00:00 UTC
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US STOCKS-Wall Street ends in a hole after Powell's Wyoming speech
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-in-a-hole-after-powells-wyoming-speech
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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.
Fed will keep tightening until inflation controlled - Powell
Core PCE increases 0.1% in July vs. 0.6% rise in June
Dell, Affirm tumble on weaker forecasts
Indexes down: Dow 3.03%, S&P 3.37%, Nasdaq 3.94%
Lower for the week: Dow 4.2%, S&P 4%, Nasdaq 4.4%
Adds closing prices, weekly performance, VIX
By David French
Aug 26 (Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell's signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors.
The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, Powell said at the event. That means slower growth, a weaker job market and "some pain" for households and businesses, he added.
Investors knew further rate rises were coming, and they have been divided between whether a 75-basis-point and a 50-basis-point hike by the Fed was coming next month.
However, recent data highlighting continued strength in the labor market, to offset two consecutive quarters of negative economic growth, had led to some speculating a more tempered pace of hikes could be forthcoming.
"The pushback is coming from the idea that it's not about the pace of hikes going forward and how they tighten financial conditions, it's about the duration of remaining at that restrictive policy stance," said Garrett Melson, portfolio strategist at Natixis Investment Managers.
"That's the nuance they are trying to push forward and Powell was, maybe, a bit more explicit in that today. But if you've listened to other Fed speakers in the last couple of weeks, it's the same message."
With investors repositioning after absorbing the speech, the Cboe Volatility Index .VIX jumped 3.78 points to 25.56, its highest close in six weeks.
All the 11 major S&P 500 sectors were lower, led by declines of between 3.9% and 4.3% in the information technology .SPLRCT, communication services .SPLRCL and consumer discretionary .SPLRCD indexes.
The S&P 500 .SPX lost 141.46 points, or 3.37%, to end at 4,057.66 points, while the Nasdaq Composite .IXIC lost 497.56 points, or 3.94%, to 12,141.71. The Dow Jones Industrial Average .DJI fell 1,008.38 points, or 3.03%, to 32,283.40.
High-growth and technology stocks dropped. Nvidia Corp NVDA.O and Amazon.com Inc AMZN.O fell 9.2% and 4.8%, respectively, having led gainers in the previous session. Meanwhile, Google-parent Alphabet Inc GOOGL.O, Meta Platforms Inc META.O, and Block Inc SQ.N also dipped between 4.1% and 7.7%.
U.S. stock indexes have retreated since the turn of the year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
But they have recovered strongly since June, with the S&P 500 recouping nearly half its losses for the year on stronger-than-expected quarterly earnings and hopes decades-high inflation has peaked.
However, Friday's falls wiped out the modest August gains which all three benchmarks had previously carved out, and sent the trio to their second straight week of declines.
For the week, the Nasdaq slid 4.4%, the Dow lost 4.2%, and the S&P 500 fell 4%.
Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to trim its aggressive interest rate increases.
Dell Technologies Inc DELL.N fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.
Affirm Holdings Inc AFRM.O tumbled 21.3% after the buy-now-pay-later lender forecast full-year revenue below Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.
Volume on U.S. exchanges was 10.37 billion shares, compared with the 10.64 billion average for the full session over the last 20 trading days.
The Fed's game plan: 'Raise and hold' https://tmsnrt.rs/3q3A3SR
(Reporting by Bansari Mayur Kamdar, Devik Jain, Anisha Sircar and Sruthi Shankar in Bengaluru and David French in New York; Editing by Maju Samuel, Aditya Soni and Grant McCool)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @BansariKamdar))
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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Fed will keep tightening until inflation controlled - Powell Core PCE increases 0.1% in July vs. 0.6% rise in June Dell, Affirm tumble on weaker forecasts Indexes down: Dow 3.03%, S&P 3.37%, Nasdaq 3.94% Lower for the week: Dow 4.2%, S&P 4%, Nasdaq 4.4% Adds closing prices, weekly performance, VIX By David French Aug 26 (Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell's signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors. Dell Technologies Inc DELL.N fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
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Fed will keep tightening until inflation controlled - Powell Core PCE increases 0.1% in July vs. 0.6% rise in June Dell, Affirm tumble on weaker forecasts Indexes down: Dow 3.03%, S&P 3.37%, Nasdaq 3.94% Lower for the week: Dow 4.2%, S&P 4%, Nasdaq 4.4% Adds closing prices, weekly performance, VIX By David French Aug 26 (Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell's signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors. Dell Technologies Inc DELL.N fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
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Fed will keep tightening until inflation controlled - Powell Core PCE increases 0.1% in July vs. 0.6% rise in June Dell, Affirm tumble on weaker forecasts Indexes down: Dow 3.03%, S&P 3.37%, Nasdaq 3.94% Lower for the week: Dow 4.2%, S&P 4%, Nasdaq 4.4% Adds closing prices, weekly performance, VIX By David French Aug 26 (Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell's signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors. Dell Technologies Inc DELL.N fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
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Fed will keep tightening until inflation controlled - Powell Core PCE increases 0.1% in July vs. 0.6% rise in June Dell, Affirm tumble on weaker forecasts Indexes down: Dow 3.03%, S&P 3.37%, Nasdaq 3.94% Lower for the week: Dow 4.2%, S&P 4%, Nasdaq 4.4% Adds closing prices, weekly performance, VIX By David French Aug 26 (Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell's signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors. Dell Technologies Inc DELL.N fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
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725672.0
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2022-08-26 00:00:00 UTC
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US STOCKS-Wall Street ends well down as Powell's speech affirms hawkish rate stance
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-well-down-as-powells-speech-affirms-hawkish-rate-stance
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nan
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nan
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By David French
Aug 26 (Reuters) - Wall Street slumped on Friday to close well down, as investors keen for a more modest interest rate path were disappointed by Federal Reserve Chief Jerome Powell signaling the central bank would keep hiking rates to tame inflation.
The Nasdaq led declines among the three U.S. benchmarks, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, Powell said at the event. That means slower growth, a weaker job market and "some pain" for households and businesses, he added.
Investors knew further rate rises were coming, and they have been divided between whether a 75-basis-point and a 50-basis-point hike by the Fed was coming next month.
However, recent data highlighting continued strength in the labor market, to offset two consecutive quarters of negative economic growth, had led to some speculating a more tempered pace of hikes could be forthcoming.
"The pushback is coming from the idea that it's not about the pace of hikes going forward and how they tighten financial conditions, it's about the duration of remaining at that restrictive policy stance," said Garrett Melson, portfolio strategist at Natixis Investment Managers.
"That's the nuance they are trying to push forward and Powell was, maybe, a bit more explicit in that today. But if you've listened to other Fed speakers in the last couple of weeks, it's the same message."
All the 11 major S&P 500 sectors were lower, with the information technology .SPLRCT, communication services .SPLRCL and consumer discretionary .SPLRCD indexes among the heaviest declines.
According to preliminary data, the S&P 500 .SPX lost 140.83 points, or 3.35%, to end at 4,058.29 points, while the Nasdaq Composite .IXIC lost 496.39 points, or 3.93%, to 12,142.88. The Dow Jones Industrial Average .DJI fell 1,003.74 points, or 3.01%, to 32,288.04.
Weighing on megacap growth and technology stocks, the U.S. two-year Treasury yields briefly popped to their highest levels since October 2007 before stabilizing near two-month highs. US/
High-growth and technology stocks dropped.
Having led gainers in the previous session, Nvidia Corp NVDA.O and Amazon.com Inc AMZN.O fell. Meanwhile, Google-parent Alphabet Inc GOOGL.O, Meta Platforms Inc META.O, and Block Inc SQ.N also dipped.
U.S. stock indexes have retreated since the turn of the year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
But they have recovered strongly since June, with the S&P 500 recouping nearly half its losses for the year on stronger-than-expected quarterly earnings and hopes decades-high inflation has peaked.
Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to trim its aggressive interest rate increases.
Dell Technologies Inc DELL.N fell as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.
Affirm Holdings Inc AFRM.O tumbled after the buy-now-pay-later lender forecast full-year revenue below Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.
The Fed's game plan: 'Raise and hold' https://tmsnrt.rs/3q3A3SR
(Reporting by Bansari Mayur Kamdar, Devik Jain, Anisha Sircar and Sruthi Shankar in Bengaluru and David French in New York; Editing by Maju Samuel, Aditya Soni and Grant McCool)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @BansariKamdar))
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.N fell as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. The Nasdaq led declines among the three U.S. benchmarks, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming. However, recent data highlighting continued strength in the labor market, to offset two consecutive quarters of negative economic growth, had led to some speculating a more tempered pace of hikes could be forthcoming.
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Dell Technologies Inc DELL.N fell as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By David French Aug 26 (Reuters) - Wall Street slumped on Friday to close well down, as investors keen for a more modest interest rate path were disappointed by Federal Reserve Chief Jerome Powell signaling the central bank would keep hiking rates to tame inflation. The Nasdaq led declines among the three U.S. benchmarks, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
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Dell Technologies Inc DELL.N fell as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By David French Aug 26 (Reuters) - Wall Street slumped on Friday to close well down, as investors keen for a more modest interest rate path were disappointed by Federal Reserve Chief Jerome Powell signaling the central bank would keep hiking rates to tame inflation. The Nasdaq led declines among the three U.S. benchmarks, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.
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Dell Technologies Inc DELL.N fell as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. The Nasdaq led declines among the three U.S. benchmarks, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming. Investors knew further rate rises were coming, and they have been divided between whether a 75-basis-point and a 50-basis-point hike by the Fed was coming next month.
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9eaf648f-c90e-465f-8dc5-0aa7e77b0690
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725673.0
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2022-08-26 00:00:00 UTC
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Why Dell, HP, and Micron Stocks Tanked Today
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DELL
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https://www.nasdaq.com/articles/why-dell-hp-and-micron-stocks-tanked-today
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nan
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nan
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What happened
Federal Reserve Chairman Jerome Powell warned today that he plans to keep monetary policy tight "for some time," even if it inflicts "some pain" on American businesses and consumers -- and it seems that was enough to spook growth stock investors on Friday.
As of 1 p.m. ET, shares of computer memory maker Micron (NASDAQ: MU) are down 4.4% and PC manufacturer HP (NYSE: HPQ) has dropped 7.8%. Meanwhile, HP rival Dell Technologies (NYSE: DELL) is really taking it on the chin, with an 11% loss.
So what
If the Fed chair's comments were the only thing driving thestock market today though, these tech stocks might not be suffering so much. With the Fed's targeted interest rate already up more than 2 percentage points so far this year, policy is pretty tight already, and Powell's statement doesn't necessarily mean he plans to keep hiking rates by 75 basis points per raise. There's even some talk that the next rate increase might only be a half a percentage point.
Problem is, there's an even more specific factor dragging down shares of Micron, HP, and Dell today -- and Dell's to blame for it.
Last night, Dell reported its Q2 sales and earnings numbers, and while earnings looked good enough ($1.68 per share, pro forma, where Wall Street had predicted $1.64), sales came in a bit short of expectations at $26.4 billion.
Now, even though this number missed sales estimates, it still showed 9% year-over-year growth at Dell, and operating profits increased 25%. The bad news is that earnings when calculated according to generally accepted accounting principles (GAAP) fell 15% year over year, and at just $0.68 per share, were way below the headline pro forma figure of $1.68 per share.
Now what
The other bad news is that Dell's two co-chief operating officers, Jeff Clarke and Chuck Whitten, tag-teamed to comment that Q2 was "increasingly challenging" for Dell, and characterized by "more cautious customer behavior as the quarter progressed." Consequently, while management still thinks it can hit Wall Street's earnings target for next quarter ($1.65 per share), Dell warned that its revenue is going to miss expectations by a large margin, coming in nearly $2 billion short of analysts' hoped-for $26.3 billion.
And this, in a nutshell, is why all three stocks are down today. While business spending seems to be holding up quite well for Dell, the individual consumer is a problem, and that portends sales weakness not just for Dell, but for HP, too. And as a supplier of memory for PCs regardless of brand name, for Micron could also take a hit.
But let's end on a positive note: Even if investors are interpreting these developments as deeply negative today, the bad news has arguably been baked into the stock prices of Dell, HP, and Micron already. Each of these stocks trades for less than seven times earnings currently -- 6.1 times earnings for HP, 6.6 for Micron, and 6.9 for Dell. Granted, those valuations will go up as earnings go down, but still, there seems a fairly sizable margin of safety in each of these stocks at current prices.
For investors with the patience to wait until the next upswing in PC demand, I see a lot of potential in all three.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dell Technologies Inc. and HP. 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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But let's end on a positive note: Even if investors are interpreting these developments as deeply negative today, the bad news has arguably been baked into the stock prices of Dell, HP, and Micron already. Meanwhile, HP rival Dell Technologies (NYSE: DELL) is really taking it on the chin, with an 11% loss. Problem is, there's an even more specific factor dragging down shares of Micron, HP, and Dell today -- and Dell's to blame for it.
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Meanwhile, HP rival Dell Technologies (NYSE: DELL) is really taking it on the chin, with an 11% loss. Consequently, while management still thinks it can hit Wall Street's earnings target for next quarter ($1.65 per share), Dell warned that its revenue is going to miss expectations by a large margin, coming in nearly $2 billion short of analysts' hoped-for $26.3 billion. Problem is, there's an even more specific factor dragging down shares of Micron, HP, and Dell today -- and Dell's to blame for it.
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Problem is, there's an even more specific factor dragging down shares of Micron, HP, and Dell today -- and Dell's to blame for it. But let's end on a positive note: Even if investors are interpreting these developments as deeply negative today, the bad news has arguably been baked into the stock prices of Dell, HP, and Micron already. Each of these stocks trades for less than seven times earnings currently -- 6.1 times earnings for HP, 6.6 for Micron, and 6.9 for Dell.
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Problem is, there's an even more specific factor dragging down shares of Micron, HP, and Dell today -- and Dell's to blame for it. Last night, Dell reported its Q2 sales and earnings numbers, and while earnings looked good enough ($1.68 per share, pro forma, where Wall Street had predicted $1.64), sales came in a bit short of expectations at $26.4 billion. The Motley Fool has positions in and recommends Dell Technologies Inc. and HP.
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88dccca2-4858-4b94-bec6-56eb875ead83
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725674.0
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2022-08-26 00:00:00 UTC
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Technology Sector Update for 08/26/2022: OTEX,OTEX.TO,MFGP,DELL,AVCT
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-08-26-2022%3A-otexotex.tomfgpdellavct
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nan
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nan
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Technology stocks were falling hard on Friday, with the SPDR Technology Select Sector ETF (XLK) sinking 3.2% while the Philadelphia Semiconductor Index was sliding 4.5% this afternoon.
In company news, Open Text (OTEX) declined nearly 13% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price. Micro Focus shares were almost 94% higher this afternoon.
Dell Technologies (DELL) fell almost 12% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion.
American Virtual Cloud Technologies (AVCT) raced more than 16% higher after saying late on Thursday that it has started a strategic review to explore the potential sale of selected assets or the entire business. The cloud communications and collaboration company also announced several executive and board changes, including board member Kevin Keough becoming CEO, succeeding Darrell Mays, who will continue as executive board vice chairman.
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) fell almost 12% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. In company news, Open Text (OTEX) declined nearly 13% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price. American Virtual Cloud Technologies (AVCT) raced more than 16% higher after saying late on Thursday that it has started a strategic review to explore the potential sale of selected assets or the entire business.
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Dell Technologies (DELL) fell almost 12% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. In company news, Open Text (OTEX) declined nearly 13% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price. Micro Focus shares were almost 94% higher this afternoon.
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Dell Technologies (DELL) fell almost 12% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. In company news, Open Text (OTEX) declined nearly 13% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price. American Virtual Cloud Technologies (AVCT) raced more than 16% higher after saying late on Thursday that it has started a strategic review to explore the potential sale of selected assets or the entire business.
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Dell Technologies (DELL) fell almost 12% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. Technology stocks were falling hard on Friday, with the SPDR Technology Select Sector ETF (XLK) sinking 3.2% while the Philadelphia Semiconductor Index was sliding 4.5% this afternoon. In company news, Open Text (OTEX) declined nearly 13% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price.
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1dfd4688-c88f-46ae-ab7e-fd4a3b967fe9
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725675.0
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2022-08-26 00:00:00 UTC
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Daily Markets: Investors Turn Attention to Powell’s Jackson Hole Speech
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DELL
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https://www.nasdaq.com/articles/daily-markets%3A-investors-turn-attention-to-powells-jackson-hole-speech
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nan
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nan
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Today’s Big Picture
Asia-Pacific equity indexes ended today’s session in positive territory in anticipation of today’s comments from Jackson Hole except for China’s Shanghai Composite, which declined 0.31%. India’s Sensex eked out a 0.10% gain, South Korea’s KOSPI rose 0.15%, Taiwan’s TAIEX and Japan’s Nikkei advanced 0.52% and 0.57% respectively and Australia’s ASX All Ordinaries closed up 0.74%. Hong Kong’s Hang Seng led the way, rising 1.01% with all sectors except Basic Materials gaining. By mid-day trading, European equity indices are generally trading off and US futures point to a lower open later this morning.
Today, we will hear from Federal Reserve Chairman Jerome Powell at the annual economic policy conference in Jackson Hole, Wyoming at 10:00 AM ET. While a stronger than expected GDP coupled with a potentially upbeat PCE deflator and continued signs that inventories are starting to normalize are good signs, we don’t expect any explicit guidance from Chair Powell regarding September’s rate setting meeting. The closest thing we have to a crystal ball would be the market's reaction to recent (including today’s) economic releases and of course, the Fed Futures curve. The current CME FedWatch tool shows a 60/40 split in favor of a 75 basis point move in September but it will be worthwhile to keep an eye on Fed Futures as we wind down the summer. As it has been during the past quarter or so, all eyes continue to be on the Fed and the forthcoming data to be had ahead of its September meeting. Should that data point to a more resilient economy, meaning one that can easily absorb larger rate hikes to get inflation back to the Fed’s 2% target sooner than later, then that’s the potential reality markets will have to wrap their heads around.
Data Download
International Economy
Last night saw Japanese August CPI print at 2.90% which was higher than the previous 2.50% figure. The last time inflation was this high in Japan was in 2014. This is not the 30- or 40-year peak the west has been experiencing but uncomfortable all the same.
The GfK Consumer Climate Indicator in Germany fell to a new record low of -36.5 heading into September vs. a revised August figure of -30.9, missing the market forecast of -31.8. Persistent recession fears and mounting concerns over higher energy costs were cited as root causes for the decline.
The Consumer Confidence index in France unexpectedly edged higher to 82 in August from July’s reading of 80 which marked the lowest level since June of 2013.
While August Italian Consumer Confidence rose by 3.5 points to 98.3, topping market expectations of 92.5, the metric is still well below its year ago figures amid surging energy bills and political uncertainties.
British energy regulator Ofgem lifts gas, electricity price cap by 80% to £3,549 ($4,189.64) per year from its current level of £1,971, as a result of a continued rise in wholesale gas prices and warns that prices could get significantly worse next year.
Domestic Economy
At 8:30 AM E, we will see the latest release of Personal Income and Expenditure (PCE) figures as well as a YoY July update on the PCE Deflator which measures spending by households and non-profit groups serving households. Expectations are for a decline to 6.3% from the previous 6.8% release. Our take is that any downside surprise here will set the stage for a strong rally to close out the week.
We will also get a July update on Wholesale Inventories (ex-autos), which on a MoM basis are expected to show slowing growth of 1.3%, down from the previous 1.8% figure.
Just as Fed Chair Powell is expected to speak at Jackson Hole this morning, we’ll also get the final August reading for the Michigan Consumer Sentiment Index, which is expected to rebound to 55.1 from 51.5 in July. In addition to the headline figure, market watchers are likely to key on the latest reading for Consumer Inflation Expectations. The consensus view has it falling to 5% in August from July’s 5.2%.
Markets
Yesterday, we saw markets rally as Q2 GDP came in better than expected at -0.60%. Investors saw a silver lining in Nvidia’s (NVDA) earnings miss as a signal that supply chain and inventory issues are starting to ease. All sectors posted healthy gains as the Dow rose 0.98%, the S&P 500 gained 1.41%, the Russell 2000 advanced 1.52% and the Nasdaq Composite closed up 1.67%. Other highlights across sectors included Costco (COST) and Estee Lauder (EL) which combined to account for just over 60% of returns in Consumer Staples names while Meta Platforms (META) drove 35% of the returns for Communication Services.
Here’s how the major market indicators stack up year-to-date:
Dow Jones Industrial Average: -8.38%
S&P 500: -11.90%
Nasdaq Composite: -19.21%
Russell 2000: -12.50%
Bitcoin (BTC-USD): -53.40%
Ether (ETH-USD): -53.97%
Stocks to Watch
Before trading kicks off for U.S.-listed equities, JinkoSolar (JKS) will be among the companies issuing their latest quarterly results and guidance.
Shares of Dell Technologies (DELL) were under pressure last night following a mixed July quarter earnings report that confirmed PC demand declined throughout the quarter which led the company to revise its outlook. The company now sees revenue for the current quarter in the range of $23.8-$25 billion vs. $28.4 billion in the year ago quarter and the $26.4 billion consensus. While the company confirmed the slowdown in consumer PC demand, its comments about the slowdown in Enterprise customer spending is likely to raise questions over enterprise spending in the back half of 2022.
Semiconductor company Marvell (MRVL) reported solid results for its July quarter with double digit growth at its Data Center, Carrier, Automotive/Industrial and Enterprise networking segments, which more than offset the year-over-year drop at its Consumer segment. For the current quarter, the company issued in-line guidance but shared that it expects sequential revenue growth to accelerate in the fourth quarter as supply constraints begin to ease.
Ulta Beauty (ULTA) did it again, reporting results for its July quarter that topped expectations and boosted its outlook for its current year. July quarter revenue rose 16.8% YoY to $2.3 billion beating the $2.2 billion consensus as comp sales for the quarter climbed 14.4%. For its fiscal 2023, Ulta is now calling for revenue between $9.65-9.75 billion vs. its prior guidance of $9.35-9.55 billion and the $9.53 billion consensus. Digging into that upped outlook, Ulta also raised its comp outlook to +9.5-10.5% from +6.0-8.0%.
Despite revenue that fell 8.4% YoY, Gap (GPS) reported better than expected July quarter results. By brand, Old Navy sales fell 13% YoY to $2.1 billion in the quarter, Gap sales fell 10% YoYm, Banana Republic sales grew 9% YoY and Athleta sales grew 1% YoY leading overall comp sales for the three-month period to be down 10% YoY. Citing company actions to right size its product offering and inventories, its CEO transition, and the uncertain economic environment, Gap withdrew its prior guidance for the fiscal year.
Buy now, pay later (BNPL) company Affirm (AFRM) delivered June quarter results that surprised to the upside with stronger than expected revenue and a smaller than consensus bottom line loss. Despite favorable growth for active consumer active merchants metrics during the quarter, Affirm now sees its revenue for the current quarter in the range of $345-$365 million vs. the $391 million consensus. The company also lowered revenue expectations for its fiscal 2023 to $1.625-$1.725 billion vs. the $1.9 billion consensus.
Bed Bath & Beyond (BBBY) confirmed it will hold a business and strategic update call on August 31.
TechCrunch reports food delivery company DoorDash (DASH) was hit by a data breach involving Twilio-linked hackers.
Panasonic Holdings (PCRFY) is in discussions to build an additional roughly $4 billion EV battery plant in the US.
IPOs
As of now, no IPOs are slated to be priced this week. Readers looking to dig more into the upcoming IPO calendar should visit Nasdaq’s Latest & Upcoming IPOs page.
After Today’s Market Close
No companies are expected to report their quarterly results after equities stop trading today. Those looking for more on which companies are reporting when, head on over to Nasdaq’s Earnings Calendar.
On the Horizon
Tuesday, August 30
Japan: Unemployment Rate – July
Germany: Import Price Index – July
Eurozone: Business and Consumer Survey – August
Eurozone: Consumer Inflation Expectation – August
Germany: CPI – August
US: FHFA Housing Price Index – June
US: Consumer Confidence Index – August
US: Jolts Job Openings – July
Wednesday, August 31
Japan: Industrial Production – July
China: Manufacturing & Services PMIs – August
Eurozone: Consumer Price Index - July
US: Weekly MBA Mortgage Applications
US: Chicago Fed PMI - August
US: Weekly EIA Crude Oil Inventories
Thursday, September 1
Japan: Manufacturing PMI (Final) – August
China: Caixin Manufacturing PMI – August
Germany: Retail Sales – July
Eurozone: Manufacturing PMI (Final) – August
UK: Manufacturing PMI (Final)- August
Eurozone: Unemployment Rate (July)
US: Challenger Job Cuts – August
US: Weekly Initial & Continuing Jobless Claims
US: Productivity and Labor Cost – 2Q 2022
US: S&P Global Manufacturing PMI – August
US: Construction Spending – July
US: ISM Manufacturing Index – August
US: Weekly EIA Natural Gas Inventories
Friday, September 2
Germany: Import/Exports – July
Eurozone: Producer Price Index – July
US: Employment Report – August
US: Factory Orders – July
Thought for the Day
“Failure means you’ve now learned another valuable lesson that pushes you one step closer to success.” – Steve Harvey
Disclosures
JinkoSolar (JKS) is a constituent of the Tematica BITA Cleaner Living Index
JinkoSolar (JKS) is a constituent of the Tematica BITA Cleaner Living Sustainability Screened Index
Marvell (MRVL) is a constituent of the Tematica BITA Digital Infrastructure & Connectivity Index
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dell Technologies (DELL) were under pressure last night following a mixed July quarter earnings report that confirmed PC demand declined throughout the quarter which led the company to revise its outlook. Should that data point to a more resilient economy, meaning one that can easily absorb larger rate hikes to get inflation back to the Fed’s 2% target sooner than later, then that’s the potential reality markets will have to wrap their heads around. Nasdaq Composite: -19.21% Russell 2000: -12.50% Bitcoin (BTC-USD): -53.40% Ether (ETH-USD): -53.97% Stocks to Watch Before trading kicks off for U.S.-listed equities, JinkoSolar (JKS) will be among the companies issuing their latest quarterly results and guidance.
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Shares of Dell Technologies (DELL) were under pressure last night following a mixed July quarter earnings report that confirmed PC demand declined throughout the quarter which led the company to revise its outlook. By brand, Old Navy sales fell 13% YoY to $2.1 billion in the quarter, Gap sales fell 10% YoYm, Banana Republic sales grew 9% YoY and Athleta sales grew 1% YoY leading overall comp sales for the three-month period to be down 10% YoY. Despite favorable growth for active consumer active merchants metrics during the quarter, Affirm now sees its revenue for the current quarter in the range of $345-$365 million vs. the $391 million consensus.
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Shares of Dell Technologies (DELL) were under pressure last night following a mixed July quarter earnings report that confirmed PC demand declined throughout the quarter which led the company to revise its outlook. The company now sees revenue for the current quarter in the range of $23.8-$25 billion vs. $28.4 billion in the year ago quarter and the $26.4 billion consensus. July quarter revenue rose 16.8% YoY to $2.3 billion beating the $2.2 billion consensus as comp sales for the quarter climbed 14.4%.
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Shares of Dell Technologies (DELL) were under pressure last night following a mixed July quarter earnings report that confirmed PC demand declined throughout the quarter which led the company to revise its outlook. Expectations are for a decline to 6.3% from the previous 6.8% release. Despite revenue that fell 8.4% YoY, Gap (GPS) reported better than expected July quarter results.
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6b941972-b7c7-48b8-8488-20cfa7f27eda
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725676.0
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2022-08-26 00:00:00 UTC
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Technology Sector Update for 08/26/2022: DOMO,OTEX,OTEX.TO,MFGP,DELL,AVCT
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-08-26-2022%3A-domootexotex.tomfgpdellavct
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nan
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nan
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Technology stocks added to their Friday freefall, with the SPDR Technology Select Sector ETF (XLK) sinking 4.2% and the Philadelphia Semiconductor Index sliding 5.6% this afternoon.
In company news, Domo (DOMO) dropped nearly 28% after the business intelligence company reported a 20.2% revenue increase over year-ago levels, rising to $75.5 million during the three months ended July 31 but still lagging the Capital IQ consensus expecting $79.8 million in Q2 revenue. Domo also is projecting revenue for the current quarter and for its FY23 ending in January trailing analyst estimates.
Open Text (OTEX) declined nearly 15% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price. Micro Focus shares were almost 94% higher this afternoon.
Dell Technologies (DELL) fell almost 14% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion.
American Virtual Cloud Technologies (AVCT) climbed 7.4% after saying late on Thursday that it has started a strategic review to explore the potential sale of selected assets or the entire business. The cloud communications and collaboration company also announced several executive and board changes, including board member Kevin Keough becoming CEO, succeeding Darrell Mays, who will continue as executive board vice chairman.
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) fell almost 14% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. In company news, Domo (DOMO) dropped nearly 28% after the business intelligence company reported a 20.2% revenue increase over year-ago levels, rising to $75.5 million during the three months ended July 31 but still lagging the Capital IQ consensus expecting $79.8 million in Q2 revenue. Open Text (OTEX) declined nearly 15% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price.
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Dell Technologies (DELL) fell almost 14% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. In company news, Domo (DOMO) dropped nearly 28% after the business intelligence company reported a 20.2% revenue increase over year-ago levels, rising to $75.5 million during the three months ended July 31 but still lagging the Capital IQ consensus expecting $79.8 million in Q2 revenue. Open Text (OTEX) declined nearly 15% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price.
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Dell Technologies (DELL) fell almost 14% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. In company news, Domo (DOMO) dropped nearly 28% after the business intelligence company reported a 20.2% revenue increase over year-ago levels, rising to $75.5 million during the three months ended July 31 but still lagging the Capital IQ consensus expecting $79.8 million in Q2 revenue. Open Text (OTEX) declined nearly 15% after the Canadian data management firm late Thursday announced plans to acquire enterprise software company Micro Focus (MFGP) for 5.32 British pounds ($6.28) per share, or roughly double Thursday's closing price.
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Dell Technologies (DELL) fell almost 14% after the computer equipment manufacturer reported a 9.2% year-over-year increase in revenue for its fiscal Q2 ended July 29, rising to $26.43 billion but trailing the Capital IQ consensus looking for $26.47 billion. Technology stocks added to their Friday freefall, with the SPDR Technology Select Sector ETF (XLK) sinking 4.2% and the Philadelphia Semiconductor Index sliding 5.6% this afternoon. In company news, Domo (DOMO) dropped nearly 28% after the business intelligence company reported a 20.2% revenue increase over year-ago levels, rising to $75.5 million during the three months ended July 31 but still lagging the Capital IQ consensus expecting $79.8 million in Q2 revenue.
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dc60df26-a8a2-4c02-81af-bd336063ae50
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725677.0
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2022-08-26 00:00:00 UTC
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US STOCKS-Nasdaq, S&P 500 muted ahead of Powell's speech
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DELL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-muted-ahead-of-powells-speech
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nan
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nan
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By Bansari Mayur Kamdar and Devik Jain
Aug 26 (Reuters) - The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth.
Powell's speech at 10:00 a.m. ET will be scrutinized for any indication that an economic slowdown might alter the Fed's monetary policy tightening path and if the central bank can achieve a "soft landing."
Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
However, it has rallied strongly since June, with the S&P 500 regaining half its losses for the year on the back of stronger-than-expected quarterly earnings and hopes that inflation has peaked.
Markets are now focused on any clues for the Fed's upcoming meeting in September. Fed officials on Thursday were noncommittal about the size of the interest rate increase, but reiterated they will drive rates up and keep them there until inflation has been squeezed from the economy.
Traders are expecting a slightly higher chance of a 50 basis point hike over a 75 bps raise by the Fed, while economists see the central bank lifting rates by 50 bps at its meeting next month.
"Powell is going to reiterate to keep raising rates, but he's going to be very careful to promise how far they'll go or what the future might hold," said Drew Matus, chief market strategist at MetLife Investment Management.
"The Fed is in an increasingly precarious position where they are trying to argue that the economy is strong enough to sustain these rate hikes. But, at the same point, what they're trying to do is slow the economy enough to contain inflation."
Wall Street futures pared some early losses after data showed U.S. consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
"So this does give the Fed cover to say we are data dependent and push off any excessively hawkish moves until they see it confirmed by the PPI and CPI in September," said Thomas Hayes, chairman at Great Hill Capital.
"It's now clearly evident that inflation on the core PCE peaked in March and has rolled over ever since."
At 9:35 a.m. ET, the Dow Jones Industrial Average .DJIwas up 67.91 points, or 0.20%, at 33,359.69, the S&P 500 .SPXwas up 1.03 points, or 0.02%, at 4,200.15, and the Nasdaq Composite .IXICwas down 3.42 points, or 0.03%, at 12,635.84.
High-growth and technology stocks such as Nvidia Corp NVDA.O and Amazon.com Inc ZN.O> edged lower in early trading after posting sharp gains in the previous session.
Dell Technologies Inc DELL.N fell 9.7% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.
U.S.-listed shares of Chinese companies like Alibaba BABA.N and JD.com JD.O rose about 1% each after the U.S. audit regulator said it has signed an agreement with Chinese regulators.
Gap Inc GPS.N climbed 1.7%on reporting a surprise quarterly profit on demand for dressier clothes at its Banana Republic brand, while an inventory glut and weak sales of outdated clothes prompted it to withdraw annual forecasts.
Advancing issues outnumbered decliners by a 1.08-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 1.08-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and 29 new lows, while the Nasdaq recorded 17 new highs and 16 new lows.
(Reporting by Bansari Mayur Kamdar and Devik Jain in Bengaluru; Editing by Maju Samuel)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @BansariKamdar))
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.N fell 9.7% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth. Wall Street futures pared some early losses after data showed U.S. consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
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Dell Technologies Inc DELL.N fell 9.7% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy. Wall Street futures pared some early losses after data showed U.S. consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
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Dell Technologies Inc DELL.N fell 9.7% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth. Fed officials on Thursday were noncommittal about the size of the interest rate increase, but reiterated they will drive rates up and keep them there until inflation has been squeezed from the economy.
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Dell Technologies Inc DELL.N fell 9.7% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy. Fed officials on Thursday were noncommittal about the size of the interest rate increase, but reiterated they will drive rates up and keep them there until inflation has been squeezed from the economy.
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577f84b7-ebed-4946-bdf7-e9ada73f29a7
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725678.0
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2022-08-26 00:00:00 UTC
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Technology Sector Update for 08/26/2022: WDAY, AFRM, DELL, XLK, SOXX
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-08-26-2022%3A-wday-afrm-dell-xlk-soxx
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nan
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nan
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Technology stocks were leaning lower premarket Friday. The Technology Select Sector SPDR ETF (XLK) was rising by 0.21% and the Semiconductor Sector Index Fund (SOXX) was down 0.41% recently.
Workday (WDAY) was climbing past 9% even after it reported fiscal Q2 adjusted earnings of $0.83 per diluted share, down from $1.23 a year earlier. Analysts polled by Capital IQ forecast $0.80.
Affirm Holdings (AFRM) was over 9% lower after it reported a fiscal Q4 loss of $0.65 per share, compared with a loss of $0.46 a year earlier. Analysts polled by Capital IQ expected a loss of $0.57.
Dell Technologies (DELL) posted fiscal Q2 non-GAAP diluted EPS of $1.68, up from $1.48 per share a year earlier. Analysts polled by Capital IQ $1.64 per share. Dell Technologies was down more than 4% recently.
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) posted fiscal Q2 non-GAAP diluted EPS of $1.68, up from $1.48 per share a year earlier. Dell Technologies was down more than 4% recently. Technology stocks were leaning lower premarket Friday.
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Dell Technologies (DELL) posted fiscal Q2 non-GAAP diluted EPS of $1.68, up from $1.48 per share a year earlier. Dell Technologies was down more than 4% recently. Affirm Holdings (AFRM) was over 9% lower after it reported a fiscal Q4 loss of $0.65 per share, compared with a loss of $0.46 a year earlier.
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Dell Technologies (DELL) posted fiscal Q2 non-GAAP diluted EPS of $1.68, up from $1.48 per share a year earlier. Dell Technologies was down more than 4% recently. Affirm Holdings (AFRM) was over 9% lower after it reported a fiscal Q4 loss of $0.65 per share, compared with a loss of $0.46 a year earlier.
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Dell Technologies (DELL) posted fiscal Q2 non-GAAP diluted EPS of $1.68, up from $1.48 per share a year earlier. Dell Technologies was down more than 4% recently. Affirm Holdings (AFRM) was over 9% lower after it reported a fiscal Q4 loss of $0.65 per share, compared with a loss of $0.46 a year earlier.
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08db022e-2da9-4a18-91fa-468429b042c6
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725679.0
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2022-08-26 00:00:00 UTC
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US STOCKS-Wall St set to slip at open; all eyes on Powell's speech
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-slip-at-open-all-eyes-on-powells-speech
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nan
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nan
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By Bansari Mayur Kamdar and Devik Jain
Aug 26 (Reuters) - U.S. stock index futures were set to open lower on Friday as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth.
Powell's speech at 10:00 a.m. ET will be scrutinized for any indication that an economic slowdown might alter the Fed's monetary policy tightening path and if the central bank can achieve a "soft landing."
Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
However, it has rallied strongly since June, with the S&P 500 regaining half its losses for the year on the back of stronger-than-expected quarterly earnings and hopes that inflation has peaked.
Markets are now focused on any clues for the Fed's upcoming meeting in September. Fed officials on Thursday were noncommittal about the size of the interest rate increase, but reiterated they will drive rates up and keep them there until inflation has been squeezed from the economy.
Traders are expecting a slightly higher chance of a third 75 basis point hike over a smaller 50 bps raise by the Fed, while economists see the central bank lifting rates by 50 bps at its meeting next month.
"Powell is going to reiterate to keep raising rates, but he's going to be very careful to promise how far they'll go or what the future might hold," said Drew Matus, chief market strategist at MetLife Investment Management.
"The Fed is in an increasingly precarious position where they are trying to argue that the economy is strong enough to sustain these rate hikes. But, at the same point, what they're trying to do is slow the economy enough to contain inflation."
Wall Street futures pared some early losses after data showed U.S. consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
"So this does give the Fed cover to say we are data dependent and push off any excessively hawkish moves until they see it confirmed by the PPI and CPI in September," said Thomas Hayes, chairman at Great Hill Capital. "It's now clearly evident that inflation on the core PCE peaked in March and has rolled over ever since."
At 8:36 a.m. ET, Dow e-minis 1YMcv1were down 22 points, or 0.07%, S&P 500 e-minis EScv1were down 9 points, or 0.21%, and Nasdaq 100 e-minis NQcv1were down 31.5 points, or 0.24%.
High-growth and technology stocks such as Nvidia Corp NVDA.O and Amazon.com Inc ZN.O> edged lower in trading before the bell after posting sharp gains in the previous session.
Dell Technologies Inc DELL.N fell 4.3% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.
U.S.-listed shares of Chinese companies like Alibaba BABA.N and JD.com JD.O rose more than 4% each after the U.S. audit regulator said it has signed an agreement with Chinese regulators.
Gap Inc GPS.N climbed 6.9% on reporting a surprise quarterly profit on demand for dressier clothes at its Banana Republic brand, while an inventory glut and weak sales of outdated clothes prompted it to withdraw annual forecasts.
(Reporting by Bansari Mayur Kamdar and Devik Jain in Bengaluru; Editing by Maju Samuel)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @BansariKamdar))
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.N fell 4.3% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - U.S. stock index futures were set to open lower on Friday as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth. Wall Street futures pared some early losses after data showed U.S. consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
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Dell Technologies Inc DELL.N fell 4.3% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - U.S. stock index futures were set to open lower on Friday as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth. Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
|
Dell Technologies Inc DELL.N fell 4.3% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - U.S. stock index futures were set to open lower on Friday as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth. Fed officials on Thursday were noncommittal about the size of the interest rate increase, but reiterated they will drive rates up and keep them there until inflation has been squeezed from the economy.
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Dell Technologies Inc DELL.N fell 4.3% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy. Fed officials on Thursday were noncommittal about the size of the interest rate increase, but reiterated they will drive rates up and keep them there until inflation has been squeezed from the economy.
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d9cb5ea3-b699-4bf2-afcf-6a9e128edc4c
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725680.0
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2022-08-26 00:00:00 UTC
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US STOCKS-Wall St falls after Powell warns of tight policy, slow growth
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-after-powell-warns-of-tight-policy-slow-growth
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nan
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nan
|
By Bansari Mayur Kamdar and Devik Jain
Aug 26 (Reuters) - Wall Street fell sharply on Friday after Federal Reserve Chief Jerome Powell's comments suggested the central bank will keep raising interest rates to tame inflation.
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a fact that means slower growth, a weaker job market and "some pain" for households and businesses, said Powell in prepared remarks for a speech to the Jackson Hole central banking conference in Wyoming.
People should not expect the Fed to dial back quickly until the inflation problem is fixed, the central bank chair added.
"The Fed wants to talk tough because they don't want inflation to become ingrained in the economy," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Co.
"He focused on not loosening policy too early but he didn't mention going any further on a hawkish side."
Weighing on megacap growth and technology stocks, the U.S. two-year Treasury yields briefly popped to their highest levels since October 2007 before stabilizing near two-month highs. US/
High-growth and technology stocks such as Nvidia Corp NVDA.O and Amazon.com Inc AMZN.O declined 4.7% and 2.4% after posting sharp gains in the previous session.
Economy-sensitive banks .SPXBK fell 1.5%.
Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
However, it has recovered strongly since June, with the S&P 500 regaining nearly half its losses for the year on the back of stronger-than-expected quarterly earnings and hopes that inflation has peaked.
Traders were still divided between a 75 basis point and a 50 basis point hike by the Fed, while economists see the central bank lifting rates by 50 bps at its meeting next month.
At 10:45 a.m. ET, the Dow Jones Industrial Average .DJIwas down 430.81 points, or 1.29%, at 32,860.97, the S&P 500 .SPXwas down 67.48 points, or 1.61%, at 4,131.64, and the Nasdaq Composite .IXICwas down 248.70 points, or 1.97%, at 12,390.56.
Data earlier showed U.S. consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to scale back its aggressive interest rate increases.
Dell Technologies Inc DELL.N fell 8.8% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.
U.S.-listed shares of Chinese companies like Alibaba BABA.N and JD.com JD.O rose about 0.3% each after the U.S. audit regulator said it has signed an agreement with Chinese regulators.
Declining issues outnumbered advancers for a 4.82-to-1 ratio on the NYSE and a 3.80-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and 30 new lows, while the Nasdaq recorded 23 new highs and 63 new lows.
(Reporting by Bansari Mayur Kamdar, Devik Jain, Anisha Sircar and Sruthi Shankar in Bengaluru; Editing by Maju Samuel)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @BansariKamdar))
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.N fell 8.8% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - Wall Street fell sharply on Friday after Federal Reserve Chief Jerome Powell's comments suggested the central bank will keep raising interest rates to tame inflation. The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a fact that means slower growth, a weaker job market and "some pain" for households and businesses, said Powell in prepared remarks for a speech to the Jackson Hole central banking conference in Wyoming.
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Dell Technologies Inc DELL.N fell 8.8% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - Wall Street fell sharply on Friday after Federal Reserve Chief Jerome Powell's comments suggested the central bank will keep raising interest rates to tame inflation. Wall Street has tumbled since the start of this year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.
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Dell Technologies Inc DELL.N fell 8.8% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - Wall Street fell sharply on Friday after Federal Reserve Chief Jerome Powell's comments suggested the central bank will keep raising interest rates to tame inflation. The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a fact that means slower growth, a weaker job market and "some pain" for households and businesses, said Powell in prepared remarks for a speech to the Jackson Hole central banking conference in Wyoming.
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Dell Technologies Inc DELL.N fell 8.8% as it joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings. By Bansari Mayur Kamdar and Devik Jain Aug 26 (Reuters) - Wall Street fell sharply on Friday after Federal Reserve Chief Jerome Powell's comments suggested the central bank will keep raising interest rates to tame inflation. The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a fact that means slower growth, a weaker job market and "some pain" for households and businesses, said Powell in prepared remarks for a speech to the Jackson Hole central banking conference in Wyoming.
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fd2dc542-7e60-4854-8d58-0de337c128e4
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725681.0
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2022-08-25 00:00:00 UTC
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Dell Technologies (DELL) Q2 Earnings Top Estimates
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-q2-earnings-top-estimates
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nan
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nan
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Dell Technologies (DELL) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.07%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.38 per share when it actually produced earnings of $1.84, delivering a surprise of 33.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.43 billion for the quarter ended July 2022, missing the Zacks Consensus Estimate by 0.27%. This compares to year-ago revenues of $26.13 billion. The company has topped consensus revenue estimates three 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 lost about 17% since the beginning of the year versus the S&P 500's decline of -13.1%.
What's Next for Dell Technologies?
While Dell Technologies has underperformed 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 $1.68 on $26.62 billion in revenues for the coming quarter and $7.03 on $106.93 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 bottom 47% 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 2022. The results are expected to be released on August 31.
This company is expected to post quarterly loss of $0.26 per share in its upcoming report, which represents a year-over-year change of -13%. The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level.
C3.ai, Inc.'s revenues are expected to be $65.69 million, up 25.3% from the year-ago quarter.
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.
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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) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.63 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.43 billion for the quarter ended July 2022, missing the Zacks Consensus Estimate by 0.27%. Dell Technologies shares have lost about 17% since the beginning of the year versus the S&P 500's decline of -13.1%.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.43 billion for the quarter ended July 2022, missing the Zacks Consensus Estimate by 0.27%. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.63 per share.
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Dell Technologies (DELL) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.63 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.43 billion for the quarter ended July 2022, missing the Zacks Consensus Estimate by 0.27%. Dell Technologies shares have lost about 17% since the beginning of the year versus the S&P 500's decline of -13.1%.
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Dell Technologies (DELL) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.63 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.43 billion for the quarter ended July 2022, missing the Zacks Consensus Estimate by 0.27%. Dell Technologies shares have lost about 17% since the beginning of the year versus the S&P 500's decline of -13.1%.
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b59fd4c4-4093-4077-bd6e-3d2a26c06332
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725682.0
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2022-08-25 00:00:00 UTC
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Dell Technologies Q2 Profit Down As Revenue Growth Slows Down; Shares Slip 7%
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DELL
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https://www.nasdaq.com/articles/dell-technologies-q2-profit-down-as-revenue-growth-slows-down-shares-slip-7
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nan
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nan
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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a drop in profit for the second quarter, as revenues growth slowed down from prior quarters. The shares slipped 7% in extended trading.
Round Rock, Texas-based Dell's second-quarter profit from continuing operations dropped to $506 million or $0.68 per share from $629 million or $0.80 per share last year.
Adjusted earnings were $1.27 billion or $1.68 per share for the period, up from $1.17 billion or $1.48 per share last year. Analysts polled by Thomson Reuters estimated earnings of $1.64 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 9% to $26.43 billion from $24.19 billion last year. Analysts had a consensus revenue estimate of $26.49 billion.
Client Solutions Group revenues grew to 9 % to $15.5 billion, while Infrastructure Solutions Group revenue rose 12% to $9.5 billion.
DELL closed Thursday's trading at $47.90, up $1.28 or 2.75%, on the Nasdaq. The stock, however, slipped $3.50 or 7.31%, in the after-hours trading.
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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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a drop in profit for the second quarter, as revenues growth slowed down from prior quarters. Round Rock, Texas-based Dell's second-quarter profit from continuing operations dropped to $506 million or $0.68 per share from $629 million or $0.80 per share last year. DELL closed Thursday's trading at $47.90, up $1.28 or 2.75%, on the Nasdaq.
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Round Rock, Texas-based Dell's second-quarter profit from continuing operations dropped to $506 million or $0.68 per share from $629 million or $0.80 per share last year. (RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a drop in profit for the second quarter, as revenues growth slowed down from prior quarters. DELL closed Thursday's trading at $47.90, up $1.28 or 2.75%, on the Nasdaq.
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Round Rock, Texas-based Dell's second-quarter profit from continuing operations dropped to $506 million or $0.68 per share from $629 million or $0.80 per share last year. (RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a drop in profit for the second quarter, as revenues growth slowed down from prior quarters. DELL closed Thursday's trading at $47.90, up $1.28 or 2.75%, on the Nasdaq.
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DELL closed Thursday's trading at $47.90, up $1.28 or 2.75%, on the Nasdaq. (RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a drop in profit for the second quarter, as revenues growth slowed down from prior quarters. Round Rock, Texas-based Dell's second-quarter profit from continuing operations dropped to $506 million or $0.68 per share from $629 million or $0.80 per share last year.
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ba95c825-a7ba-421c-a23b-985bde0dde42
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725683.0
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2022-08-25 00:00:00 UTC
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Dell revenue growth slows on strong dollar, China lockdowns
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DELL
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https://www.nasdaq.com/articles/dell-revenue-growth-slows-on-strong-dollar-china-lockdowns-0
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nan
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nan
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Adds share movement, details on adjusted profit
Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business.
Shares of the company fell more than 7% in extended trading.
The greenback surge has this year eaten into the earnings of technology firms from Microsoft Inc MSFT.O to Apple Inc AAPL.O, compounding pressure from a drop in consumer spending on electronics such as personal computers and smartphones.
Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data.
Consumer revenue fell 9%, echoing weakness seen at Intel Corp INTC.O and Lenovo Group 0992.HK as demand weakened after a pandemic-fueled boom and decades-high inflation prompted consumers to prioritize essentials.
But orders from businesses gearing up for the hybrid-work era pushed Dell's commercial revenue up by 15% to $12.1 billion. The storage and servers-focused unit also posted strong growth.
Net income from continuing operations fell to $506 million, from $629 million a year ago.
Excluding items, Dell earned $1.68 per share.
(Reporting by Eva Mathews in Bengaluru; Editing by Aditya Soni)
((Eva.Mathews@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 share movement, details on adjusted profit Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But orders from businesses gearing up for the hybrid-work era pushed Dell's commercial revenue up by 15% to $12.1 billion.
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Adds share movement, details on adjusted profit Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But orders from businesses gearing up for the hybrid-work era pushed Dell's commercial revenue up by 15% to $12.1 billion.
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Adds share movement, details on adjusted profit Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But orders from businesses gearing up for the hybrid-work era pushed Dell's commercial revenue up by 15% to $12.1 billion.
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Adds share movement, details on adjusted profit Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But orders from businesses gearing up for the hybrid-work era pushed Dell's commercial revenue up by 15% to $12.1 billion.
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78c8a628-013b-4370-9f67-a5fbb641b8cb
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725684.0
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2022-08-25 00:00:00 UTC
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Dell revenue growth slows on strong dollar, China lockdowns
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DELL
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https://www.nasdaq.com/articles/dell-revenue-growth-slows-on-strong-dollar-china-lockdowns
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nan
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nan
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Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business.
The greenback surge has this year eaten into the earnings of technology firms from Microsoft Inc MSFT.O to Apple Inc AAPL.O, compounding pressure from a drop in consumer spending on electronics such as personal computers and smartphones.
Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data.
Consumer revenue fell 9%, echoing weakness seen at Intel Corp INTC.O to Lenovo Group 0992.HK as demand weakened after a pandemic-fueled boom and decades-high inflation prompted consumers to prioritize essentials.
But strong orders from businesses gearing up for the hybrid-work era pushed up Dell's commercial revenue by 15% to $12.1 billion. The business focused on storage and servers also posted strong growth.
Net income from continuing operations fell to $506 million, from $629 million a year ago.
(Reporting by Eva Mathews in Bengaluru; Editing by Aditya Soni)
((Eva.Mathews@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 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But strong orders from businesses gearing up for the hybrid-work era pushed up Dell's commercial revenue by 15% to $12.1 billion.
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Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But strong orders from businesses gearing up for the hybrid-work era pushed up Dell's commercial revenue by 15% to $12.1 billion.
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Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. But strong orders from businesses gearing up for the hybrid-work era pushed up Dell's commercial revenue by 15% to $12.1 billion. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data.
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Aug 25 (Reuters) - Dell Technologies Inc DELL.N posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. But strong orders from businesses gearing up for the hybrid-work era pushed up Dell's commercial revenue by 15% to $12.1 billion.
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39d93b0b-b27f-414a-b8ff-8977d24a120c
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725685.0
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2022-08-25 00:00:00 UTC
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After-Hours Earnings Report for August 25, 2022 : VMW, MRVL, WDAY, ULTA, DELL, ESTC, AFRM, GPS, FTCH, PAGS, SUMO, DOMO
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-august-25-2022-%3A-vmw-mrvl-wday-ulta-dell-estc-afrm-gps
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nan
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The following companies are expected to report earnings after hours on 08/25/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Vmware, Inc. (VMW)is reporting for the quarter ending July 31, 2022. The computer software company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.06. This value represents a 10.17% decrease compared to the same quarter last year. The last two quarters VMW had negative earnings surprises; the latest report they missed by -30.39%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VMW is 26.14 vs. an industry ratio of 31.50.
Marvell Technology, Inc. (MRVL)is reporting for the quarter ending July 31, 2022. The technology services company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.40. This value represents a 90.48% increase compared to the same quarter last year. In the past year MRVL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MRVL is 30.91 vs. an industry ratio of 12.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Workday, Inc. (WDAY)is reporting for the quarter ending July 31, 2022. The internet software company's consensus earnings per share forecast from the 23 analysts that follow the stock is $-0.16. This value represents a 132.65% decrease compared to the same quarter last year. The last two quarters WDAY had negative earnings surprises; the latest report they missed by -30.77%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for WDAY is -246.74 vs. an industry ratio of -6.70.
Ulta Beauty, Inc. (ULTA)is reporting for the quarter ending July 31, 2022. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $4.96. This value represents a 8.77% increase compared to the same quarter last year. In the past year ULTA has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 41.89%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ULTA is 20.38 vs. an industry ratio of 15.30, 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, 2022. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.38. This value represents a 38.39% decrease compared to the same quarter last year. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.77 vs. an industry ratio of 12.60.
Elastic N.V. (ESTC)is reporting for the quarter ending July 31, 2022. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.57. This value represents a 67.65% decrease compared to the same quarter last year. ESTC missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -14.29%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ESTC is -43.29 vs. an industry ratio of 12.20.
Affirm Holdings, Inc. (AFRM)is reporting for the quarter ending June 30, 2022. The business services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.45. This value represents a 6.25% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AFRM is -12.44 vs. an industry ratio of 21.40.
Gap, Inc. (GPS)is reporting for the quarter ending July 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.04. This value represents a 105.71% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GPS is -198.20 vs. an industry ratio of 7.20.
Farfetch Limited (FTCH)is reporting for the quarter ending June 30, 2022. The retail (shoe) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.36. This value represents a 16.13% decrease compared to the same quarter last year. FTCH missed the consensus earnings per share in the 1st calendar quarter of 2022 by -5.71%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FTCH is -8.20 vs. an industry ratio of 7.20.
PagSeguro Digital Ltd. (PAGS)is reporting for the quarter ending June 30, 2022. The financial transactions company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.22. This value represents a 10.00% increase compared to the same quarter last year. PAGS missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -4.76%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PAGS is 16.79 vs. an industry ratio of 6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Sumo Logic, Inc. (SUMO)is reporting for the quarter ending July 31, 2022. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.23. This value represents a 4.17% increase compared to the same quarter last year. In the past year SUMO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 10.71%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for SUMO is -9.10 vs. an industry ratio of -6.70.
Domo, Inc. (DOMO)is reporting for the quarter ending July 31, 2022. The internet software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-1.07. This value represents a 52.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DOMO is -6.59 vs. an industry ratio of -6.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.77 vs. an industry ratio of 12.60.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.77 vs. an industry ratio of 12.60.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.77 vs. an industry ratio of 12.60.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending July 31, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.77 vs. an industry ratio of 12.60.
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be8fb45e-08bc-4952-8760-7486f69f3079
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725686.0
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2022-08-25 00:00:00 UTC
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Stage Is Set for Dell’s (NYSE:DELL) Q2 Earnings; Here’s What to Expect
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DELL
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https://www.nasdaq.com/articles/stage-is-set-for-dells-nyse%3Adell-q2-earnings-heres-what-to-expect
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nan
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nan
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Dell Technologies (NYSE:DELL) is scheduled to report its results for the second quarter of fiscal 2023 after the market closes on August 25. The performance of the company's Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) operating segments is expected to remain solid in the to-be-reported quarter.
Despite the complex macroeconomic environment, this multinational information technology company has been focusing on disciplined cost management, which translated into improved profitability in the first quarter of fiscal 2023.
Now, let’s take a look at consensus expectations and factors that might have influenced Dell's results.
Consensus Estimates Look Impressive
For the second quarter of 2022, the Street expects DELL to post earnings of $1.64 per share, near the higher end of Dell’s guided range of $1.55-$1.70 per share.
Further, the consensus estimate for the company’s revenues stands at $26.49 billion, closer to the low end of the $26.1 billion to $27.1 billion range guided by the company.
Interestingly, the company surpassed earnings estimates in three of the trailing four quarters.
Key Catalysts in Q2
Dell is upbeat about strong spending in the IT space, ongoing digital transformation and transition toward multi-cloud ecosystems. The company has taken several strategic initiatives to bolster its place in the multi-cloud space.
Dell's fiscal first quarter was the fifth straight quarter in which its ISG business witnessed growth. The trend is expected to continue on the back of growing IT spending on infrastructure and rising storage demand across its portfolio.
Under the CSG segment, the company should see an uptick in commercial demand for PC units. Dell is also expected to witness robust growth in its software and peripherals segments.
According to a Gartner report, Dell's PC shipments declined 2.8% year-over-year in the second quarter of 2022. However, the company still grabbed the top spot in the U.S. PC market based on shipments and accounted for 27.2% of the country's PC market share.
Dell estimates backlog levels to remain high in the to-be-reported quarter, largely due to supply-chain constraints rising from semiconductor shortages and COVID-19 lockdown in China. The company could have also witnessed high component and logistics costs in the second quarter.
Is DELL a Good Stock to Buy?
Dell Technologies seems to be a good stock to grab now. As per TipRanks, the Street is highly confident about the company, which enjoys a Strong Buy consensus rating based on seven Buys and two Holds. Dell’s average price target of $60.67 signals that the stock may surge nearly 30.1% from current levels. However, shares of the company have declined 16.9% so far this year.
TipRanks data shows that financial bloggers are 91% Bullish on Dell, compared to the sector average of 66%.
Final Thoughts
Dell’s strong performance in the first quarter of Fiscal 2023 can be partly credited to the company showing some resilience to the macroeconomic challenges. Backed by a diversified business model, strong organic growth, ongoing digital transformation and rising IT spending, the company looks well-positioned to deliver another impressive quarter.
Read full 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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Dell estimates backlog levels to remain high in the to-be-reported quarter, largely due to supply-chain constraints rising from semiconductor shortages and COVID-19 lockdown in China. Dell Technologies (NYSE:DELL) is scheduled to report its results for the second quarter of fiscal 2023 after the market closes on August 25. Now, let’s take a look at consensus expectations and factors that might have influenced Dell's results.
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Consensus Estimates Look Impressive For the second quarter of 2022, the Street expects DELL to post earnings of $1.64 per share, near the higher end of Dell’s guided range of $1.55-$1.70 per share. Dell Technologies (NYSE:DELL) is scheduled to report its results for the second quarter of fiscal 2023 after the market closes on August 25. Now, let’s take a look at consensus expectations and factors that might have influenced Dell's results.
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Dell Technologies (NYSE:DELL) is scheduled to report its results for the second quarter of fiscal 2023 after the market closes on August 25. Consensus Estimates Look Impressive For the second quarter of 2022, the Street expects DELL to post earnings of $1.64 per share, near the higher end of Dell’s guided range of $1.55-$1.70 per share. Final Thoughts Dell’s strong performance in the first quarter of Fiscal 2023 can be partly credited to the company showing some resilience to the macroeconomic challenges.
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Dell Technologies (NYSE:DELL) is scheduled to report its results for the second quarter of fiscal 2023 after the market closes on August 25. Consensus Estimates Look Impressive For the second quarter of 2022, the Street expects DELL to post earnings of $1.64 per share, near the higher end of Dell’s guided range of $1.55-$1.70 per share. Dell's fiscal first quarter was the fifth straight quarter in which its ISG business witnessed growth.
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e99c5b17-d559-40dc-ba4b-65438b150e60
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725687.0
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2022-08-24 00:00:00 UTC
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Talking Best Investment, Worst Investment, and More With a Motley Fool Analyst
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DELL
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https://www.nasdaq.com/articles/talking-best-investment-worst-investment-and-more-with-a-motley-fool-analyst
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nan
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nan
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In this podcast, Motley Fool senior analyst Jason Moser discusses:
The important (and very different) roles his parents played in his investing life.
First stock he ever bought.
How the worst stock he ever bought is now the property of JPMorgan Chase.
The proverbial "one that got away."
The Dividend Aristocrat that takes him back to his childhood.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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Stock Advisor returns as of 2/14/21
This video was recorded on August 22, 2022.
Chris Hill: As we head into the dog days of August, we got something a little different planned. Motley Fool Money starts now.
I'm Chris Hill, and let me start with some context. It's late August and in years past with our daily Market Foolery podcast, we would have what we like to call a short week, which was code for, "Hey, we're taking a couple of days off and there's a chance you might be too because it's late August." Now, we are not taking any time off this week. Instead, we are in the final days of preparation for our investing conference next week in Washington, D.C. It is an all-hands- on-deck time for many of the people that you hear on this show, including and especially yours truly.
Today and tomorrow, instead of hitting the headlines, we're bringing you conversations with two of our senior analysts. Rather than drilling down on a specific investing topic, we're talking about their origin stories as investors. How they got started, mistakes they made along the way, and how they think about investing. We're going to hit thestock market newslater in the week. Next Monday and Tuesday, we're going to be recording episodes from our conference in D.C. But right now, here's my conversation with Motley Fool Senior Analyst Jason Moser about the influence of his parents on his investing life, the company that he admires most, and when it all started for him. How did you learn about investing? Were you a kid? Did your dad teach you or did it come to you later in life?
Jason Moser: Yeah. My father taught me. I was a kid probably I think like seventh grade when it really started sinking in. Then I was lucky in that my dad, who's a physician by trade, he would give me a ride to school in the mornings during my 8th grade year, I think it was. But around that time, 7th, 8th grade, in the mornings if we weren't listening to an audio book on NPR -- because back in the day that's how it was done -- he would talk to me about investing. He'd talk to me about stocks that he bought and just give me an idea of how investing worked and what it was all about. Yeah, that was where the seed was planted. Then for whatever reason for me, finance, economics, stock market investing, all that stuff just piqued my interest as I grew up. I was an economics major in college, I think because of that really. But yeah, it all really started with just some ride-to-school conversations with my father.
Chris Hill: What was the first stock you bought?
Jason Moser: The first stock I ever bought, now, let me clarify, is not the first stock I ever owned, because along the way my dad opened up an account for me at Edward Jones years ago, obviously. First he would gift me shares for birthday or for Christmas and he gave me shares of Walgreens, he gave me shares one year of Dell, he even gave me shares of one company, I think, it was called Global Crossing. I think it's long out of business. But most of what I did was just dollar-cost averaging into mutual funds. I had done that for the longest time. Then at some point, maybe when I was around, I'm not sure how old I was at that point, my mind is failing me now, Chris, but it was around 2000. The Edward Jones representative said, "Hey, are you interested in individual stocks?" I thought, well, sure, let's give it a try. He recommended Cisco. Chris, let me tell you.
Chris Hill: In the year 2000.
Jason Moser: In the year 2000.
Chris Hill: Because this market is never going to stop going up.
Jason Moser: It's just never gone down. You look back in your history, you understand very quickly, that this was the height of this company's powers. This was buying at the top, so to speak. Thankfully, it was just a modest purchase, and it was the first stock that I ever purchased. But it was a great lesson that stocks indeed can and do go down. In some cases they go down an awful lot. Just to clear the record, I do not own shares of Cisco anymore, Chris.
Chris Hill: What's the worst stock you ever bought?
Jason Moser: Washington Mutual. This one came to me very quickly when you asked this question. I thought, well, that's the one that stands out and primarily it's because it went to zero.
Chris Hill: All the way to zero.
Jason Moser: All the way to zero. Yeah, this was one that was at the peak of the great financial crisis. You go back to 2008, '09, '10. There was all this talk of what were we going to do with the banks? These banks were in a lot of trouble. The banking landscape, just a tremendous amount of turmoil there. Washington Mutual is one of these mortgage lenders that has really gotten over their rivals. A lot of talk, would they or would they not nationalize the banking sector or how are they going to deal with all this. To me, and this was early on in my tenure, I think this was maybe right before I actually started here at the Fool when I did this. But I essentially went in with a gambler's mentality. I said, "Hey man, everything's going to be all right. We're going to buy the dip. Everything's going to be fun. They're not going to nationalize the banking sector. That's madness."
Now, of course, they didn't nationalize the banking sector, but that didn't stop Washington Mutual from falling flat on its face. Again, thankfully, a very small amount of money, but a very valuable lesson learned in that, very simply, if you go in there with a gambler's mentality, you're going to get what you ask for.
Chris Hill: How is a gambler's mentality different from the mentality of, well, I'm just putting a tiny amount of money and I don't care or is it the same as like, I'm just putting a tiny amount of money and if it goes to zero, it goes to zero.
Jason Moser: I feel like that's the same, maybe the difference is if you put that tiny amount of money and you can actually identify what the business does and the potential tailwind or the potential catalyst that changes the conversation or changes the direction for the business. I think at the time really I looked at what Washington Mutual did, but clearly, I had not dug into the actual business and understood the nature of its exposure to the mortgage market. It just struck me as, this was a company that was so big who wants to go and so crucial to this mortgage market. It's got to come back. You go in there and flip the coin and you can get heads sometimes and tails the other. But that was another very good lesson. That's why I don't bother with trading and I don't bother with going in with that gambler's mentality because I'd rather just bet on NFL games. That's more enjoyable to me, Chris [laughs]. Put five bucks on the cowboys. Give me $10 and the Eagles, whatever that may be. But at least you know what you're getting when you go into it.
Chris Hill: If you take a gambler's mentality, then make it about gambling.
Jason Moser: Exactly.
Chris Hill: One of the investing lessons from the classic movie Wall Street is, don't get emotional about stock. But that's hard to do because we're human beings and I feel it in my own life that there are stocks that I feel a greater attachment to. Not necessarily because it's the biggest holding, but because maybe there's a memory attached to it, something like that. What is the stock that means the most to you?
Jason Moser: Yeah, I like that because I agree, don't get emotional. But by the same token, that's so hard to not. I think really it's just don't let your emotions drive your decisions. That's the way I like to look at that. Because it's just emotions are something really difficult to control. But I'm going to go with two companies here because the first one is actually no longer a publicly traded company. But Gymboree, which may sound a little funny.
Chris Hill: I remember Gymboree.
Jason Moser: Yeah. Well, if you're a parent, I'm sure you've had experience with it. That was what really took me by surprise with this company so early on. I have two daughters. Back in that 2010, 2011 time frame, they were very young. They were five years old. Chris, I'm just the dumb guy. I don't know how to dress little girls. [laughs] That was what I realized very quickly. Like I've just embraced being a father from every angle. It's the best thing in the world. But I also looked at it, and I have no idea how to dress these little girls. I'm going to put something on them -- my wife is just going to freak. She's not going to like this. I don't want to waste money. I'm trying to figure out how to deal with this. I don't want to just say, well, my wife can handle it because that's not very, we were taking the team approach.
I was floored when I discovered Gymboree because they made it so easy for a dummy like me to dress his little daughters. They actually looked nice. They looked good. It was not only the in-store experience, but it was the online experience. Then they had the GymBucks program where it's loyalty thing where you buy so many clothes and then you get free money to buy more clothes. I was just astounded at how easy it made it.
Chris Hill: Is the free money they gave away part of why they're no longer a publicly traded company?
Jason Moser: No. I had pushed this. I pitched Gymboree early on in my development here at the Fool, going through our analysts development program in 2010 and 2011. One of the features of the program was constant pitching of ideas to the teams. So Gymboree just struck me as one, I was interested in the business. I own shares of it myself. I thought, well, I'm going to pitch this thing and explain my case. Unfortunately, it never made it through to a service. I understand why. Retail's a difficult space. But it wasn't an investment that did very well for me; it was ultimately acquired and taken private. But it was done so at a premium, and that was really great to see. Now the history since then, private equity really put them in a tough spot, but as a publicly traded company, Gymboree did really well. I just have fond memories of why. It was really all tied to my kids. That's one that really stands out.
Now, in regard to companies that are still publicly traded, I think everybody probably knows, I'm going to say McCormick. The main reason is because it takes me back to my childhood. My dad taught me about investing, my mom and my father to a lesser extent, but really, I observed my mom in the kitchen a lot growing up and cooking. She taught me how to do a lot of stuff in the kitchen and around the house. I just remember vividly that McCormick label, every nook and cranny of our kitchen. To this day, I see that brand and it takes me back to being a kid. Obviously, I still cook a lot today in my kitchen and at home is just chock-full with that McCormick brand everywhere. Consequently, I own shares of that business and my retirement portfolio is one that I intend to hold for as long as they possibly can. But I look at those two businesses as investments that have worked out well and ones where the emotions tied behind them are really positive.
Chris Hill: Is there one that got away? Is there a stock that you either sold too quickly or you just for whatever combination of reasons, just never pulled the trigger on buying?
Jason Moser: Yeah. Netflix stands out as the one there. Which is funny because I remember long ago before I started here at the Fool even, we lived in Astana, Kazakhstan, for a couple of years and we were there for work at the U.S. embassy. I remember over the course of that two-year stretch there, they had a mail program there where you could get stuff from the U.S. We had a Netflix subscription, at the time it was just DVDs, but every once in a while, we would get some American DVDs from Netflix in the mail, which was awesome. I thought this is just the coolest thing ever. I remember telling my wife, if this is a company that you can invest in, I'd be interested to know more.
Fast forward to getting to the Fool and obviously Netflix is an idea that's made it to many services here and brought tremendous success to our services and our members. For whatever reason, I was just never able to fully buy into it. I think part of that was because when I first got here, I was really discovering what investor I am. I didn't really know am I a value investor, am I a growth investor? What really matters to me, Netflix being a very polarizing stock, a lot of people have very strong opinions about it. I had just gone back and forth; it was like I was at a tennis match. I understood the point on both sides. I almost just became paralyzed and I just said, you know what, I just don't know what to do here. I'm going to take a pass. I understand the bull case there, but I see valid points on the bear side as well. Maybe it's best to sit this one out. Obviously, bad decision, but you live with those and you learn from them.
Chris Hill: Is there a company that you own shares of that you admire more than others? Because there are businesses that can be very rewarding for shareholders and that's great. Obviously, that's why we own stocks. But sometimes it's like, I don't love this business, I don't love what this company does, but hey, they're doing well. Is there a business that you actually do admire what they're doing?
Jason Moser: Yeah, there is. AppHarvest is really the one that stands out to me when I first thought about this. Clearly it's an investment that has not done so well so far. That's for a number of reasons. This is a very early-stage business. I think we set that expectation from the very get-go. I'm not terribly frustrated or disappointed by it. I fully expected that. I just take it with a very heavy grain of salt and understanding that this is a very long-term play here. But to me, when I look at what AppHarvest is doing and you look at the state of the world today, a growing population, a limited amount of resources. Food is essential. You look into some of the data out there, the United Nations says the world's going to need at least 50% more food by 2050 and yet 70% of all freshwater is already dedicated to agriculture.
According to the U.S. Department of Agriculture, 69% of all fresh vine crops sold in the U.S. in 2018 were imported. We saw over the past couple of years food supply chains became crunched. We saw that play out. When you don't have the same level of control over the food that's being produced in your country and delivered to your citizens. You look at controlled-environment agriculture as a potential solution to this. It's not to replace farming, but it is to complement and make it ultimately better in what they're doing. They produced 30 times more per acre in CEA than traditional farming. Uses 90% less water. It's all rainwater. They incorporate solar. It's pesticide free, it's operational all year. Incorporates technology, AI, robotics, better-quality food, better yields.
You look at the Founder and CEO, Jonathan Webb. He's very passionate about this. The company is a certified B Corp -- it's a public benefit corporation. What that means is they are legally obligated in how they run this business right. Sometimes businesses, they can just say one thing and they'll do another. But really AppHarvest is going to be legally obligated here to really not just talk the talk, but to walk the walk. For me it feels the direction the world is headed, controlled-environment agriculture is going to be a part of our global food supply chain. I like what this company stands for, and I still am very confident in where it will be 10 years from now.
Chris Hill: How did a company like this get your attention?
Jason Moser: That's a good question. Well, it was one that went public recently via SPAC. We were talking a lot about SPACs and the pros and the cons and good examples and bad examples. I saw AppHarvest as one of those companies that had just gone public. I looked a little bit more into it, and once I learned a little bit about what the business actually did, it grabbed my attention and it just started digging in more and more. Again, I cook a lot at home, so I could relate to it a little bit. Frankly, it just stands out to me as one that makes a lot of sense. Again, we live in a world with an ever-growing population in a limited amount of resources. We're going to have to figure out ways -- as many of these companies out here that are saying they're going to -- do more with less. We're in that same situation regarding our food supply.
Chris Hill: What's the stock that's your biggest holding?
Jason Moser: That would be Amazon, Chris, Amazon.com. Do I need to explain why.
Chris Hill: Is it your biggest just because you've held it for a long time and it's grown over?
Jason Moser: It is, yeah, for the most part. Amazon is my largest. I've owned it ever since I started here. I bought my first shares of Amazon in 2010, shortly after I started here at the Fool. A lot of that really had to do with just a few Stock Advisor, team David stock talks, and then you go into a room and you talk with David Gardner about stocks for an hour and you come away a lot smarter and very inspired and we had talked a lot about Amazon. Those are early days, even as back in 2010, the argument was, oh, it's just too expensive. It doesn't make any sense. I guess it's a little bit different than the way Netflix was. With Amazon I just saw it. It just made a little bit more sense to me than something like a Netflix. I think that probably just goes to the market that it serves. E-commerce to me just seem a bigger, more reliable, understandable market opportunity.
I bought my first Amazon's shares in 2010. Clearly it's done very well since then, up something like 2,100 percent. But it's the biggest position today for three reasons. No. 1, it's just an awesome business. I think we can all agree there. No. 2, I've held onto it for over a decade. I've held onto it for now for around 12 years. We talk a lot about holding businesses for long periods of time. It's totally doable; if I can do it, anybody can do it. There's a good example of the benefits. Then No. 3, I added to it on the way up. I didn't leave it alone there. As the business continued to succeed, I bought a few more shares along the way. It's one that has just stood out as a business that continues to innovate, plays a very important role obviously all around the world, and that's where we are today with it.
Chris Hill: Where I'm going with this is I'm thinking about you holding a stock for more than a decade. I think it's really easy to overlook how pervasive in the financial media, in financial conversations in general, whether you're watching CNBC or Bloomberg, or you're reading an article or talking to a financial advisor, the idea of take some profits. It is ongoing, unceasing, unrelenting. Not that anyone who holds a stock for more than 10 years deserves a medal. Because ideally the reward is that, wow, you've held it all that time and compounding interest is the reward. But it's one of those things that is actually harder than it sounds.
Jason Moser: Yeah, it definitely can be. To that point, to be very clear: I have sold some Amazon along the way. It was a position that has points; it got to be a little bit bigger than I really wanted it to be, and because I was still fairly early in the development of my portfolio. To me, it was an opportunity to take some of those gains and reallocate to new ideas. Now won [sic] very much. But it was enough to get that position back down to a situation where I felt OK, I'm more comfortable with it here than I was there and darn it, Chris, the thing just keeps on performing and getting bigger. [laughs] That's OK. But I think that's a good point that you make there is that there are companies that you can own for a long period of time and they can keep on running and they could do really well. But you do want to keep in mind, you want to make sure you're comfortable with the size of that position. Everything in hindsight is very clear, but we know the market is forward looking. Telling the future is a far different exercise. It's always something to keep in mind. Those big winners can serve not only as great performers in your portfolio but opportunities to get some of those funds working and other ideas as well.
Chris Hill: It makes up for the Washington Mutuals of the world.
Jason Moser: It does. Now the only time I ever think about it is when you asked me the question what's the worst stock you've ever bought.
Chris Hill: Thanks for being here.
Jason Moser: Thank you.
Chris Hill: As always, people on the program may have interest in the stocks they talk about and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Chris Hill. Thanks for listening. We'll see you tomorrow.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Chris Hill has positions in Amazon, AppHarvest, Inc., and JPMorgan Chase. Jason Moser has positions in Amazon, AppHarvest, Inc., and McCormick. The Motley Fool has positions in and recommends Amazon, Cisco Systems, Dell Technologies Inc., and Netflix. The Motley Fool recommends AppHarvest, Inc. and McCormick. 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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First he would gift me shares for birthday or for Christmas and he gave me shares of Walgreens, he gave me shares one year of Dell, he even gave me shares of one company, I think, it was called Global Crossing. The Motley Fool has positions in and recommends Amazon, Cisco Systems, Dell Technologies Inc., and Netflix. In this podcast, Motley Fool senior analyst Jason Moser discusses: The important (and very different) roles his parents played in his investing life.
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First he would gift me shares for birthday or for Christmas and he gave me shares of Walgreens, he gave me shares one year of Dell, he even gave me shares of one company, I think, it was called Global Crossing. The Motley Fool has positions in and recommends Amazon, Cisco Systems, Dell Technologies Inc., and Netflix. In this podcast, Motley Fool senior analyst Jason Moser discusses: The important (and very different) roles his parents played in his investing life.
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First he would gift me shares for birthday or for Christmas and he gave me shares of Walgreens, he gave me shares one year of Dell, he even gave me shares of one company, I think, it was called Global Crossing. The Motley Fool has positions in and recommends Amazon, Cisco Systems, Dell Technologies Inc., and Netflix. But right now, here's my conversation with Motley Fool Senior Analyst Jason Moser about the influence of his parents on his investing life, the company that he admires most, and when it all started for him.
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First he would gift me shares for birthday or for Christmas and he gave me shares of Walgreens, he gave me shares one year of Dell, he even gave me shares of one company, I think, it was called Global Crossing. The Motley Fool has positions in and recommends Amazon, Cisco Systems, Dell Technologies Inc., and Netflix. In this podcast, Motley Fool senior analyst Jason Moser discusses: The important (and very different) roles his parents played in his investing life.
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ce551a6f-9586-4fc9-b02d-7f416fccd61b
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725688.0
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2022-08-23 00:00:00 UTC
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Dell Technologies Q2 Preview: Another EPS Beat Inbound?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-q2-preview%3A-another-eps-beat-inbound
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nan
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nan
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The Zacks Computer and Technology Sector has fallen under tough times in 2022 amid a hawkish Fed, down nearly 25% YTD. Over the last month, however, the sector has gained a solid 4.4%, almost outperforming the general market.
A widely-recognized company residing in the sector, Dell Technologies DELL, is on deck to unveil Q2 earnings on Thursday, August 25th, after market close.
Dell Technologies is a provider of information technology solutions, with a vast product catalog ranging from PCs, smartphones, servers, TVs, and information security devices, to name a few.
In addition, the company carries a Zacks Rank #3 (Hold) with an overall VGM Score of an A.
How are things looking for the tech giant heading into the print? Let’s take a closer look.
Share Performance & Valuation
Year-to-date, it’s been a bumpy road for DELL shares, down more than 15% and underperforming the general market by a wide margin.
Image Source: Zacks Investment Research
However, buyers have really stepped up over the last month, with shares tacking on 7% in value and easily outperforming the S&P 500.
Image Source: Zacks Investment Research
DELL shares trade at enticing valuation levels, as displayed by its Style Score of an A for Value. The company’s 7.8X forward earnings multiple resides on the low side, well below its five-year median of 9.5X and representing a massive 67% discount relative to its Zacks Sector.
Image Source: Zacks Investment Research
Quarterly Estimates
Analysts have been primarily bearish in their earnings outlook for the quarter to be reported, with two negative estimate revisions hitting the tape. The Zacks Consensus EPS Estimate of $1.63 reflects a 27% drop-off in quarterly earnings year-over-year.
Image Source: Zacks Investment Research
However, the company’s top-line is in much better shape – DELL is forecasted to have generated $26.5 billion in revenue throughout the quarter, good enough for a marginal 1.4% Y/Y uptick.
Quarterly Performance & Market Reactions
Dell Technologies has consistently exceeded bottom-line estimates, exceeding the Zacks Consensus EPS Estimate in eight of its previous ten quarters. Just in its latest print, the company registered a rock-solid 33% bottom-line beat.
Top-line results have been even more remarkable – DELL has chained together ten consecutive revenue beats. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
The market has primarily reacted negatively in response to DELL’s quarterly results, with shares moving downwards following four of the company’s last six quarterly prints.
Putting Everything Together
DELL shares have struggled in 2022, but they’ve posted market-beating returns over the last month.
In addition, shares trade at attractive valuation levels, well below their five-year median and nowhere near their Zacks Sector average.
Analysts have primarily been bearish in their outlook for the quarter, and estimates reflect a declining bottom-line and an increasing top-line.
Furthermore, the company has consistently exceeded quarterly estimates, but the market hasn’t reacted favorably historically following the prints.
Heading into the release, Dell Technologies DELL carries a Zacks Rank #3 (Hold) with an Earnings ESP Score of -1.6%.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research DELL shares trade at enticing valuation levels, as displayed by its Style Score of an A for Value. Image Source: Zacks Investment Research However, the company’s top-line is in much better shape – DELL is forecasted to have generated $26.5 billion in revenue throughout the quarter, good enough for a marginal 1.4% Y/Y uptick. A widely-recognized company residing in the sector, Dell Technologies DELL, is on deck to unveil Q2 earnings on Thursday, August 25th, after market close.
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Quarterly Performance & Market Reactions Dell Technologies has consistently exceeded bottom-line estimates, exceeding the Zacks Consensus EPS Estimate in eight of its previous ten quarters. Image Source: Zacks Investment Research The market has primarily reacted negatively in response to DELL’s quarterly results, with shares moving downwards following four of the company’s last six quarterly prints. A widely-recognized company residing in the sector, Dell Technologies DELL, is on deck to unveil Q2 earnings on Thursday, August 25th, after market close.
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Quarterly Performance & Market Reactions Dell Technologies has consistently exceeded bottom-line estimates, exceeding the Zacks Consensus EPS Estimate in eight of its previous ten quarters. Image Source: Zacks Investment Research The market has primarily reacted negatively in response to DELL’s quarterly results, with shares moving downwards following four of the company’s last six quarterly prints. A widely-recognized company residing in the sector, Dell Technologies DELL, is on deck to unveil Q2 earnings on Thursday, August 25th, after market close.
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Image Source: Zacks Investment Research The market has primarily reacted negatively in response to DELL’s quarterly results, with shares moving downwards following four of the company’s last six quarterly prints. Dell Technologies Inc. (DELL): Free Stock Analysis Report A widely-recognized company residing in the sector, Dell Technologies DELL, is on deck to unveil Q2 earnings on Thursday, August 25th, after market close.
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a6803c7e-1b3b-4d41-b8d1-cbc7b15501f8
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725689.0
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2022-08-23 00:00:00 UTC
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Apple (AAPL) Provides Self-Service Overhaul for Mac Notebooks
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DELL
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https://www.nasdaq.com/articles/apple-aapl-provides-self-service-overhaul-for-mac-notebooks
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nan
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nan
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Apple AAPL has announced the expansion of its self-service repair services for MacBook Air and MacBook Pro notebooks, which are installed with the M1 chip. The manual and genuine Apple parts required for repairing Apple notebooks are made available for users at the Apple self-service repair store from today (Aug 23, 2022).
AAPL launched the self-service repair program earlier this year for iPhone users in the United States and the program will expand operations to countries in Europe later this year. The self-service repair program for MacBook Air and MacBook Pro offers more than a dozen different repair types for each model, including the display, top case with battery and a track pad.
This recent service offered by Apple is in order to attract customers who are experienced with the knowledge of repairing electronic devices and can complete repairs on these Mac notebooks, with access to many of the same parts and tools available at Apple Store locations and with AAPL-authorized service providers.
Apple’s recent provision for customers will likely aid MacBook sales growth. AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices.
AAPL is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market, which users can use to repair their products comfortably. Dell beat Apple in opening its own accessories store where customers buy computing devices like laptop parts, batteries and upgrades.
In the last reported third quarter 2022, Mac sales of $7.38 billion decreased 10.4% from the year-ago quarter’s level and accounted for 8.9% of total sales. To increase sales of its Mac products, Apple is expanding its accessibility features to attract new customers.
AAPL also nearly doubled the number of service centers worldwide. Globally, there are more than 5,000 Apple-authorized service providers with above 100,000 active technicians.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Apple Widens Service Menu to Drive Product Sales
Apple’s revenue-generating abilities are impacted negatively by adverse macroeconomic conditions. These include inflation, probable recession due to the Fed-hiked interest rates, increased tariffs and other barriers to trade due to geopolitical tensions, massive unemployment worldwide and unfavorable currency fluctuations, which affected AAPL’s product and service demand.
Except for the iPhone, its flagship product, demand for Apple’s other products like Mac, iPad, plus Wearables and other accessories declined year over year in the third quarter 2022.
However, these grim macroeconomic conditions are not just weighing on Apple. The current market volatility affected the revenue-generating capabilities of the entire cyclical industry, including AAPL’s major FAAMG peers like Meta Platforms META and Microsoft MSFT.
Apple, which currently carries a Zacks Rank #3 (Hold), has seen its stock lose 5.7% in the year-to-date period compared with the Zacks Computer - Mini computers industry and the Zacks Computer and Technology sector’s decline of 5.4% and 24.6%, respectively. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Meta has seen its stock lose 51.5% in the year-to-date period compared with the Zacks Internet – Software industry’s decline of 48.3%.
The current macroeconomic turmoil deterred META’s bottom-line growth. This downtrend is reflected in Meta Platforms’share price movement.
Meta Platforms’ last reported second-quarter 2022 earnings of $2.46 per share decreased 32% year over year.
Same goes for Microsoft, earnings of which were hit hard by a sharp slowdown in its cloud business, declining videogame sales and the effects of forex woes.
Shares of Microsoft have lost 17.5% year to date compared with the Zacks Computer - Software industry’s decline of 20.3%.
Nevertheless, to increase demand for its products, Apple unveiled a suite of services along with easy accessibility to its products. AAPL launched unique features like door detection to support users with disabilities, a pay-later feature for all Apple users and the recent launch of a self-service feature for users with tech-repairing experience. AAPL is developing its products and services in such a way that so that its portfolio can tap the overall market and attract new users to its offerings.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
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
Microsoft Corporation (MSFT): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Meta Platforms, Inc. (META): 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 beat Apple in opening its own accessories store where customers buy computing devices like laptop parts, batteries and upgrades. AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. AAPL is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market, which users can use to repair their products comfortably.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. AAPL is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market, which users can use to repair their products comfortably.
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AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. AAPL is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market, which users can use to repair their products comfortably. Dell beat Apple in opening its own accessories store where customers buy computing devices like laptop parts, batteries and upgrades.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report AAPL is facing fierce competition from companies like Dell Technologies DELL in the area of desktop and other computing devices. AAPL is operating in a highly competitive space where companies like Dell are vying for market share with aggressive pricing competition, frequent introduction of products and services and easy availability of products in the market, which users can use to repair their products comfortably.
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b247a4e3-4db1-44d4-8312-4fad806844ad
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725690.0
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2022-08-23 00:00:00 UTC
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Dell Technologies (DELL) to Post Q2 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-to-post-q2-earnings%3A-whats-in-store
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nan
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nan
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Dell Technologies DELL is set to report second-quarter fiscal 2023 results on Aug 25.
Dell expects second-quarter revenues in the range of $26.1-$27.1 billion, suggesting 10% growth on a year-over-year basis at the midpoint. Earnings are expected between $1.55 and $1.70 per share, suggesting 10% growth on a year-over-year basis at the midpoint.
The Zacks Consensus Estimate for revenues is pegged at $26.50 billion, suggesting 1.39% growth from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.63 per share, indicating a 27.23% decline from the year-ago quarter’s figure. The consensus estimate for earnings has been steady in the past 30 days.
Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. The company delivered a trailing four-quarter earnings surprise of 8.13%, on average.
Let's see how things have shaped up for DELL before this announcement.
Factors to Watch
Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter.
However, unfavorable foreign exchange is expected to have been a headwind.
Dell is expected to have benefited from strong growth in servers and networking revenues in the to-be-reported quarter. IT spending is now expected to be higher for servers and networking, as well as storage solutions. This is expected to have benefited Infrastructure Solutions Group revenues in the to-be-reported quarter.
Nevertheless, Client Solutions Group revenues are expected to have suffered from a declining PC demand.
Per IDC, worldwide PC shipments in the second quarter of 2022 witnessed a year-over-year decrease of 15.3%, reaching 71.3 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) shipped 13.2 million units, witnessing a 5.3% year-over-year decline in the second quarter of 2022, per the IDC report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lenovo, HP and Apple shipped 17.5 million, 13.5 million and 4.8 million, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
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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Factors to Watch Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter. Dell was ranked third among all PC vendors trailing Lenovo LNVGY and HP HPQ, but beating Apple AAPL. Dell Technologies DELL is set to report second-quarter fiscal 2023 results on Aug 25.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL is set to report second-quarter fiscal 2023 results on Aug 25. Dell expects second-quarter revenues in the range of $26.1-$27.1 billion, suggesting 10% growth on a year-over-year basis at the midpoint.
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Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL is set to report second-quarter fiscal 2023 results on Aug 25.
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Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. Dell is expected to have benefited from strong growth in servers and networking revenues in the to-be-reported quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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dc18df00-b1c2-4698-9776-e005a68f77e5
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725691.0
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2022-08-22 00:00:00 UTC
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Snowflake (SNOW) to Post Q2 Earnings: What's in the Offing?
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DELL
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https://www.nasdaq.com/articles/snowflake-snow-to-post-q2-earnings%3A-whats-in-the-offing
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nan
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nan
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Snowflake SNOW is set to report second-quarter fiscal 2022 results on Aug 24.
The Zacks Consensus Estimate for the top line is currently pegged at $466.03 million, suggesting growth of 71.21% year over year.
The consensus mark for the bottom line has remained unchanged at a loss of 2 cents per share over the past 30 days, narrower than the loss of 4 cents reported in the year-ago quarter.
Snowflake’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 185%.
Snowflake Inc. Price and EPS Surprise
Snowflake Inc. price-eps-surprise | Snowflake Inc. Quote
Let’s see how things have shaped up before this announcement.
Factors to Note
Snowflake’s fiscal second-quarter results are expected to benefit from an expanding clientele and strong partner base.
Snowflake reported 40% year-over-year growth in the number of customers, reaching 6,322 in the reported quarter. The company added 16 Forbes Global 2000 customers. Snowflake booked four eight-figure deals in the reported quarter, up from two in the year-ago quarter.
Snowflake had 206 customers (with more than $1 million in product revenues), up 98% year over year, in the reported quarter.
Snowflake is benefiting from a strong partner base. Amazon AMZN, Cognizant CTSH and Dell Technologies DELL are the key technology partners of this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amazon’s cloud division, AWS, helps SNOW to provide seamless integration among different cloud platforms to help customers store and analyze data in the Healthcare and Life sciences industry.
Meanwhile, Cognizant is building solutions on Snowflake’s platforms for clients in the Healthcare industry.
Snowflake’s partnership with Dell allows joint customers to access data stored on Dell object storage with Snowflake data cloud.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Cognizant Technology Solutions Corporation (CTSH): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Snowflake Inc. (SNOW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amazon AMZN, Cognizant CTSH and Dell Technologies DELL are the key technology partners of this Zacks Rank #3 (Hold) company. Snowflake’s partnership with Dell allows joint customers to access data stored on Dell object storage with Snowflake data cloud. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Amazon AMZN, Cognizant CTSH and Dell Technologies DELL are the key technology partners of this Zacks Rank #3 (Hold) company. Dell Technologies Inc. (DELL): Free Stock Analysis Report Snowflake’s partnership with Dell allows joint customers to access data stored on Dell object storage with Snowflake data cloud.
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Snowflake’s partnership with Dell allows joint customers to access data stored on Dell object storage with Snowflake data cloud. Amazon AMZN, Cognizant CTSH and Dell Technologies DELL are the key technology partners of this Zacks Rank #3 (Hold) company. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Amazon AMZN, Cognizant CTSH and Dell Technologies DELL are the key technology partners of this Zacks Rank #3 (Hold) company. Snowflake’s partnership with Dell allows joint customers to access data stored on Dell object storage with Snowflake data cloud. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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e7a858ee-7510-4777-bd2b-835fe01cd72b
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725692.0
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2022-08-18 00:00:00 UTC
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Analysts Estimate Dell Technologies (DELL) 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-dell-technologies-dell-to-report-a-decline-in-earnings%3A-what-to-look-4
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nan
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nan
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The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2022. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 25. 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 $1.63 per share in its upcoming report, which represents a year-over-year change of -27.2%.
Revenues are expected to be $26.41 billion, up 1% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.36% higher 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 the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
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 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 -0.72%.
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 $1.38 per share when it actually produced earnings of $1.84, delivering a surprise of +33.33%.
Over the last four quarters, the company has beaten consensus EPS estimates three 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.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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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The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2022. 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 higher revenues when it reports results for the quarter ended July 2022. 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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For the last reported quarter, it was expected that Dell Technologies would post earnings of $1.38 per share when it actually produced earnings of $1.84, delivering a surprise of +33.33%. The market expects Dell Technologies (DELL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2022. 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 higher revenues when it reports results for the quarter ended July 2022. How Have the Numbers Shaped Up for Dell Technologies?
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91913e89-03a0-4966-95d2-bbed1e648f50
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725693.0
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2022-08-17 00:00:00 UTC
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Implied Volatility Surging for Dell Technologies (DELL) Stock Options
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DELL
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https://www.nasdaq.com/articles/implied-volatility-surging-for-dell-technologies-dell-stock-options-1
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nan
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nan
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Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 20, 2023 $32.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Bottom 38% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.64 per share to $1.63 in that period.
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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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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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Bottom 38% of our Zacks Industry Rank.
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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately.
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Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately. Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Bottom 38% of our Zacks Industry Rank. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Investors in Dell Technologies DELL need to pay close attention to the stock based on moves in the options market lately.
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b04ec648-70d0-46b4-99d3-490ad2b2fe4f
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725694.0
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2022-08-16 00:00:00 UTC
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Cloud hangs over U.S. chipmakers on worries data center growth could slow
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DELL
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https://www.nasdaq.com/articles/cloud-hangs-over-u.s.-chipmakers-on-worries-data-center-growth-could-slow
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nan
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nan
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By Jane Lanhee Lee
Aug 16 (Reuters) - Cloud and data centers, the chip industry's strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices.
Analysts say the cloud market has rarely had to weather a prolonged economic downturn since it rose to prominence in the last decade as more businesses adopted the technology, making it harder to predict if it's recession proof or it will be hit in an economic downtown.
As 40-year-high inflation weighs on consumers and economists debate recession signals, advertisers have been tightening their purse strings, say Big Tech companies.
“Investors are worried it's the next shoe to drop," said Bernstein analyst Stacy Rasgon, adding that an advertising drought hurting the likes of Facebook META.O and Snapchat SNAP.N could spur cutbacks in data center investments.
Big Tech has reported slower annual cloud revenue growth rates this earnings season - Alphabet Inc's GOOGL.O Google Cloud dropped over 8 percentage points, Microsoft Corp's MSFT.O Azure dropped 6 percentage points, and Amazon.com's AMZN.O AWS dropped over 3 percentage points compared with the previous quarter.
Nathaniel Harmon research director of YipitData said the revenue growth of the cloud market was still significant, although noted there were pockets of weakness in regions like Europe creeping in.
The three companies have also said during the pandemic they will keep data center equipment longer, in some cases up to six years, from three, to save money.
“If they're going to be cutting back their spending on data center capacity, well that's fewer chips from Intel or AMD,” said Glenn O'Donnell Research Director at Forrester Research.
That concern was heightened with Intel Corp's INTC.O data center and AI group business dropping 16% to $4.6 billion missing Wall Street estimates by nearly $2 billion in its latest quarterly earnings reported.
And last week Micron Technology Inc MU.O warned of an even worse than expected outlook, this time adding that there was trouble not just in PCs and smartphone, but also in the cloud.
But it's not as simple as slower growth of the cloud market that's causing trouble, Micron's chief business officer Sumit Sadana, told Reuters. Part of the problem was a shortage of some chips holding up servers from being built leading to a pile up of other chips - a situation similar to the auto chip shortage.
According to Richard Barnett, chief marketing officer at Supplyframe, inventories across the server supply chain are at record highs but key parts are missing. “Assume 500 components are needed for a server, and 10 or 20 unavailable parts are preventing its completion.”
Still Sadana warned that companies, worried about the economy, were also being more conservative about buying chips.
O'Donnell at Forrester said he's seeing this across the tech sector. “As we're talking with our clients about their spending plans, a lot of them are saying, well, you know, we're not going to turn off the faucet, but we're going to close it a bit,” he said. “You're going to see some of that reflected in earnings from companies like Dell and Hewlett Packard Enterprise as well.”
While executives and analysts debate the impact of the slower growth in the cloud market, Super Micro Computer Inc .SMCI.O, which specializes in customized servers for new technology, said developments such as self-driving cars and the meta-verse are still bringing new waves of demand.
"There's a lot of pent up growth as projects go from lab projects to deployment," Michael McNerney, Super Micro's vice president of marketing and network security, said.
(Reporting By Jane Lanhee Lee, Editing By Kenneth Li, Peter Henderson and Aurora Ellis)
((jane.lee@thomsonreuters.com; +1-415-344-3912; Reuters Messaging: jane.lee.thomsonreuters@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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“You're going to see some of that reflected in earnings from companies like Dell and Hewlett Packard Enterprise as well.” While executives and analysts debate the impact of the slower growth in the cloud market, Super Micro Computer Inc .SMCI.O, which specializes in customized servers for new technology, said developments such as self-driving cars and the meta-verse are still bringing new waves of demand. “Investors are worried it's the next shoe to drop," said Bernstein analyst Stacy Rasgon, adding that an advertising drought hurting the likes of Facebook META.O and Snapchat SNAP.N could spur cutbacks in data center investments. Nathaniel Harmon research director of YipitData said the revenue growth of the cloud market was still significant, although noted there were pockets of weakness in regions like Europe creeping in.
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“You're going to see some of that reflected in earnings from companies like Dell and Hewlett Packard Enterprise as well.” While executives and analysts debate the impact of the slower growth in the cloud market, Super Micro Computer Inc .SMCI.O, which specializes in customized servers for new technology, said developments such as self-driving cars and the meta-verse are still bringing new waves of demand. By Jane Lanhee Lee Aug 16 (Reuters) - Cloud and data centers, the chip industry's strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. Big Tech has reported slower annual cloud revenue growth rates this earnings season - Alphabet Inc's GOOGL.O Google Cloud dropped over 8 percentage points, Microsoft Corp's MSFT.O Azure dropped 6 percentage points, and Amazon.com's AMZN.O AWS dropped over 3 percentage points compared with the previous quarter.
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“You're going to see some of that reflected in earnings from companies like Dell and Hewlett Packard Enterprise as well.” While executives and analysts debate the impact of the slower growth in the cloud market, Super Micro Computer Inc .SMCI.O, which specializes in customized servers for new technology, said developments such as self-driving cars and the meta-verse are still bringing new waves of demand. By Jane Lanhee Lee Aug 16 (Reuters) - Cloud and data centers, the chip industry's strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. Big Tech has reported slower annual cloud revenue growth rates this earnings season - Alphabet Inc's GOOGL.O Google Cloud dropped over 8 percentage points, Microsoft Corp's MSFT.O Azure dropped 6 percentage points, and Amazon.com's AMZN.O AWS dropped over 3 percentage points compared with the previous quarter.
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“You're going to see some of that reflected in earnings from companies like Dell and Hewlett Packard Enterprise as well.” While executives and analysts debate the impact of the slower growth in the cloud market, Super Micro Computer Inc .SMCI.O, which specializes in customized servers for new technology, said developments such as self-driving cars and the meta-verse are still bringing new waves of demand. By Jane Lanhee Lee Aug 16 (Reuters) - Cloud and data centers, the chip industry's strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. “If they're going to be cutting back their spending on data center capacity, well that's fewer chips from Intel or AMD,” said Glenn O'Donnell Research Director at Forrester Research.
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8dd3add5-a4c1-4317-aa63-108426447039
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725695.0
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2022-08-15 00:00:00 UTC
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Dell Technologies (DELL) Gains But Lags Market: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-gains-but-lags-market%3A-what-you-should-know
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nan
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nan
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In the latest trading session, Dell Technologies (DELL) closed at $48.30, marking a +0.17% move from the previous day. This change lagged the S&P 500's 0.4% gain on the day. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq lost 0.46%.
Coming into today, shares of the computer and technology services provider had gained 10.95% in the past month. In that same time, the Computer and Technology sector gained 14.05%, while the S&P 500 gained 12.15%.
Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date. This is expected to be August 25, 2022. On that day, Dell Technologies is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 27.23%. Meanwhile, our latest consensus estimate is calling for revenue of $26.59 billion, up 1.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.03 per share and revenue of $107.02 billion. These totals would mark changes of +13.02% and -0.02%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.27% lower within the past month. Dell Technologies currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 6.86 right now. This valuation marks a discount compared to its industry's average Forward P/E of 22.5.
It is also worth noting that DELL currently has a PEG ratio of 0.57. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computers - IT Services was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DELL in the coming trading sessions, be sure to utilize Zacks.com.
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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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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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On that day, Dell Technologies is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 27.23%. In the latest trading session, Dell Technologies (DELL) closed at $48.30, marking a +0.17% move from the previous day. Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date.
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In the latest trading session, Dell Technologies (DELL) closed at $48.30, marking a +0.17% move from the previous day. Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date. On that day, Dell Technologies is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 27.23%.
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In the latest trading session, Dell Technologies (DELL) closed at $48.30, marking a +0.17% move from the previous day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date.
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In the latest trading session, Dell Technologies (DELL) closed at $48.30, marking a +0.17% move from the previous day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date.
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f7f8823e-c8c3-4fb5-9c12-4ceb2123dc71
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725696.0
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2022-08-15 00:00:00 UTC
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Is Trending Stock Dell Technologies Inc. (DELL) a Buy Now?
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DELL
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https://www.nasdaq.com/articles/is-trending-stock-dell-technologies-inc.-dell-a-buy-now
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nan
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nan
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Dell Technologies (DELL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this computer and technology services provider have returned +11%, compared to the Zacks S&P 500 composite's +12.2% change. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has gained 16.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Dell Technologies is expected to post earnings of $1.63 per share for the current quarter, representing a year-over-year change of -27.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.4%.
For the current fiscal year, the consensus earnings estimate of $7.03 points to a change of +13% from the prior year. Over the last 30 days, this estimate has changed -0.3%.
For the next fiscal year, the consensus earnings estimate of $7.49 indicates a change of +6.6% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed -1.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Dell Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Dell Technologies, the consensus sales estimate of $26.59 billion for the current quarter points to a year-over-year change of +1.7%. The $107.02 billion and $108.51 billion estimates for the current and next fiscal years indicate changes of 0% and +1.4%, respectively.
Last Reported Results and Surprise History
Dell Technologies reported revenues of $26.12 billion in the last reported quarter, representing a year-over-year change of +6.6%. EPS of $1.84 for the same period compares with $2.13 a year ago.
Compared to the Zacks Consensus Estimate of $25.32 billion, the reported revenues represent a surprise of +3.13%. The EPS surprise was +33.33%.
Over the last four quarters, Dell Technologies surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Dell Technologies is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. Dell Technologies (DELL) has been one of the most searched-for stocks on Zacks.com lately. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has gained 16.7%.
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For the next fiscal year, the consensus earnings estimate of $7.49 indicates a change of +6.6% from what Dell Technologies is expected to report a year ago. Last Reported Results and Surprise History Dell Technologies reported revenues of $26.12 billion in the last reported quarter, representing a year-over-year change of +6.6%. Dell Technologies (DELL) has been one of the most searched-for stocks on Zacks.com lately.
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For the next fiscal year, the consensus earnings estimate of $7.49 indicates a change of +6.6% from what Dell Technologies is expected to report a year ago. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Dell Technologies. Dell Technologies (DELL) has been one of the most searched-for stocks on Zacks.com lately.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) has been one of the most searched-for stocks on Zacks.com lately. During this period, the Zacks Computers - IT Services industry, which Dell Technologies falls in, has gained 16.7%.
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0e7efcca-75f2-484b-b772-8d26d974bfcc
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725697.0
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2022-08-15 00:00:00 UTC
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Cisco Systems (CSCO) to Report Q4 Earnings: Factors to Note
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DELL
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https://www.nasdaq.com/articles/cisco-systems-csco-to-report-q4-earnings%3A-factors-to-note
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nan
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nan
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Cisco Systems CSCO is set to release fourth-quarter fiscal 2022 results on Aug 17.
The company anticipates fourth-quarter fiscal 2022 revenues to decline in the range of 1-5.5% on a year-over-year basis. Non-GAAP earnings are anticipated to be between 76 and 84 cents per share.
The Zacks Consensus Estimate for revenues is pegged at $12.75 billion, indicating a decrease of 2.85% over the year-ago quarter’s reported figure.
The consensus mark for earnings has been stable in the past 30 days at 82 cents per share. The figure suggests a decline of 2.38% from the prior-year quarter’s levels.
Cisco Systems, Inc. Price and EPS Surprise
Cisco Systems, Inc. price-eps-surprise | Cisco Systems, Inc. Quote
Let’s see how things have shaped up for Cisco prior to this announcement.
Factors Likely to Influence Q4 Results
Cisco’s fourth-quarter fiscal 2022 results are expected to suffer from supply chain constraints related to certain components due to COVID-related lockdowns in China as well as the negative impact of the ongoing war between Russia and Ukraine.
In March, Cisco stopped business operations in both Russia and Belarus. This move negatively impacted revenues by $200 million in the fiscal third quarter.
However, Cisco’s extensive product portfolio and the varied end-user base are expected to have positively contributed to the fiscal fourth-quarter top-line growth.
Cisco has raised the prices of its solutions a couple of times in the past eight months. Higher prices are expected to have somewhat offset inflation, thereby driving fiscal fourth-quarter top-line growth.
Cisco’s revenues are likely to have benefited from momentum in web-scale, servers, wireless, security and SD WAN businesses. The company has been benefiting from ongoing investments that its customers are making to rapidly digitize their organizations.
Higher bandwidth requirements by customers are expected to have driven demand for Acacia’s optical solutions in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Cisco has an Earnings ESP of 0.00% and carries a Zacks Rank #3 currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Intuit INTU has an Earnings ESP of +1.92% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
INTU is scheduled to release fourth-quarter fiscal 2022 results on Aug 23.
Keysight KEYS has an Earnings ESP of +1.23% and a Zacks Rank #2.
KEYS is scheduled to release third-quarter fiscal 2022 results on Aug 17.
Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3.
DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Intuit Inc. (INTU): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25.
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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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c3722c54-c5af-48a7-b741-01645510fe04
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725698.0
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2022-08-14 00:00:00 UTC
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INSIGHT-Caste in California: Tech giants confront ancient Indian hierarchy
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DELL
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https://www.nasdaq.com/articles/insight-caste-in-california%3A-tech-giants-confront-ancient-indian-hierarchy
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nan
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nan
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By Paresh Dave
OAKLAND, Calif, Aug 15 (Reuters) - America's tech giants are taking a modern-day crash course in India's ancient caste system, with Apple AAPL.O emerging as an early leader in policies to rid Silicon Valley of a rigid hierarchy that's segregated Indians for generations.
Apple, the world's biggest listed company, updated its general employee conduct policy about two years ago to explicitly prohibit discrimination on the basis of caste, which it added alongside existing categories such as race, religion, gender, age and ancestry.
The inclusion of the new category, which hasn't been previously reported, goes beyond U.S. discrimination laws, which do not explicitly ban casteism.
The update came after the tech sector - which counts India as its top source of skilled foreign workers - received a wake-up call in June 2020 when California's employment regulator sued Cisco Systems CSCO.O on behalf of a low-caste engineer who accused two higher-caste bosses of blocking his career.
Cisco, which denies wrongdoing, says an internal probe found no evidence of discrimination and that some of the allegations are baseless because caste is not a legally "protected class" in California. This month an appeals panel rejected the networking company's bid to push the case to private arbitration, meaning a public court case could come as early as next year.
The dispute - the first U.S. employment lawsuit about alleged casteism - has forced Big Tech to confront a millennia-old hierarchy where Indians' social position has been based on family lineage, from the top Brahmin "priestly" class to the Dalits, shunned as "untouchables" and consigned to menial labor.
Since the suit was filed, several activist and employee groups have begun seeking updated U.S. discrimination legislation - and have also called on tech companies to change their own policies to help fill the void and deter casteism.
Their efforts have produced patchy results, according to a Reuters review of policy across the U.S. industry, which employs hundreds of thousands of workers from India.
"I am not surprised that the policies would be inconsistent because that's almost what you would expect when the law is not clear," said Kevin Brown, a University of South Carolina law professor studying caste issues, citing uncertainty among executives over whether caste would ultimately make it into U.S. statutes.
"I could imagine that parts of ... (an) organization are saying this makes sense, and other parts are saying we don't think taking a stance makes sense."
Apple's main internal policy on workplace conduct, which was seen by Reuters, added reference to caste in the equal employment opportunity and anti-harassment sections after September 2020.
Apple confirmed that it "updated language a couple of years ago to reinforce that we prohibit discrimination or harassment based on caste." It added that training provided to staff also explicitly mentions caste.
"Our teams assess our policies, training, processes and resources on an ongoing basis to ensure that they are comprehensive," it said. "We have a diverse and global team, and are proud that our policies and actions reflect that."
Elsewhere in tech, IBM told Reuters that it added caste, which was already in India-specific policies, to its global discrimination rules after the Cisco lawsuit was filed, though it declined to give a specific date or a rationale.
IBM's only training that mentions caste is for managers in India, the company added.
Several companies do not specifically reference caste in their main global policy, including Amazon AMZN.O, Dell DELL.N, Facebook owner Meta META.O, Microsoft MSFT.O and Google GOOGL.O. Reuters reviewed each of the policies, some of which are only published internally to employees.
The companies all told Reuters that they have zero tolerance for caste prejudice and, apart from Meta which did not elaborate, said such bias would fall under existing bans on discrimination by categories such as ancestry and national originon policy.
CASTEISM OUTLAWED IN INDIA
Caste discrimination was outlawed in India over 70 years ago, yet bias persists, according to several studies in recent years, including one that found Dalit people were underrepresented in higher-paying jobs. Debate over the hierarchy is contentious in India and abroad, with the issue intertwined with religion, and some people saying discrimination is now rare.
Government policies reserving seats for lower-caste students at top Indian universities have helped many land tech jobs in the West in recent years.
Reuters spoke to about two dozen Dalit tech workers in the United States who said discrimination had followed them overseas. They said that caste cues, including their last names, hometowns, diets or religious practices, had led to colleagues bypassing them in hiring, promotions and social activities.
Reuters could not independently verify the allegations of the workers, who all spoke on condition of anonymity, saying they feared harming their careers. Two said they had quit their jobs over what they viewed as casteism.
Some staff groups, including the Alphabet Workers Union (AWU) at Google's parent company, say explicit mention of caste in corporate rules would open the door to companies investing in areas such as data collection and training at the same levels as they do to protect other groups.
"Significant caste discrimination exists in the United States," said Mayuri Raja, a Google software engineer who is a member of the AWU and advocates for lower-caste colleagues.
Over 1,600 Google workers demanded the addition of caste to the main workplace code of conduct worldwide in a petition, seen by Reuters, which they emailed to CEO Sundar Pichai last month and resent last week after no response.
Google reiterated to Reuters that caste discrimination fell under national origin, ancestry and ethnic discrimination. It declined to elaborate further on its policies.
'NOT GOOD FOR BUSINESS'
Adding caste to a general code of conduct is not unheard of.
The World Wide Web Consortium, an industry standards body partly based in Massachusetts, introduced it in July 2020. California State University and the state Democratic Party have followed over the past two years.
In May this year, California's employment regulator, the Civil Rights Department, added caste to its example equal employment opportunity policy for employers.
Yet the move by Apple, a $2.8 trillion behemoth with more than 165,000 full-time employees globally, looms large.
The iPhone maker's fair hiring policy now states that Apple "does not discriminate in recruiting, training, hiring, or promoting on the basis of" 18 categories, including "race, color, ancestry, national origin, caste, religion, creed, age" plus disability, sexual orientation and gender identity.
By contrast, many employers are hesitant to go beyond laws with their primary policies, according to three employment attorneys including Koray Bulut, a partner at Goodwin Procter.
"Most companies simply quote from the federal and state statutes that list the protected categories," Bulut said.
Some companies have, however, gone further in secondary policies that govern limited operations or serve only as loose guidelines.
Caste is explicitly written into Dell's Global Social Media Policy, for example, and in Amazon sustainability team's Global Human Rights Principles and Google's code of conduct for suppliers.
Amazon and Dell confirmed they had also begun mentioning caste in anti-bias presentations for at least some new hires outside India. They declined to specify when, why and how broadly they made the addition, though Dell said it made the change after the Cisco lawsuit was filed.
The companies' presentations include explanations of caste as an unwanted social structure that exists in parts of the world, according to a Reuters review of some of the online training, with the Dell material referencing a recent lawsuit "from the headlines."
John-Paul Singh Deol, lead employment attorney at Dhillon Law Group in San Francisco, said that only including caste in training and guidelines amounted to "giving lip service" to the issue because their legal force is questionable.
This characterization was rejected by Janine Yancey, CEO of Emtrain, which sells anti-bias training to about 550 employers, and a longtime employment attorney.
"No company wants to have employee turnover, lack of productivity and conflict - that's just not good for business," she said.
Yet explicitly referencing caste would likely invite an increased number of HR complaints alleging it as a bias, Yancey added.
"Whenever you're going to call out something specifically, you're exponentially increasing your caseload," she said.
Apple declined to say whether any complaints had been brought under its caste provision.
South Carolina law professor Brown expects no immediate resolution to the debate over of whether companies should reference caste.
"This is an issue that ultimately will be resolved by the courts," he said. "The area right now is unsettled."
(Reporting by Paresh Dave; Additional reporting by Kanishka Singh in Washington and Sudarshan Varadhan in New Delhi; Editing by Kenneth Li and Pravin Char)
((paresh.dave@thomsonreuters.com; 415-565-1302;))
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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Several companies do not specifically reference caste in their main global policy, including Amazon AMZN.O, Dell DELL.N, Facebook owner Meta META.O, Microsoft MSFT.O and Google GOOGL.O. Caste is explicitly written into Dell's Global Social Media Policy, for example, and in Amazon sustainability team's Global Human Rights Principles and Google's code of conduct for suppliers. Amazon and Dell confirmed they had also begun mentioning caste in anti-bias presentations for at least some new hires outside India.
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Several companies do not specifically reference caste in their main global policy, including Amazon AMZN.O, Dell DELL.N, Facebook owner Meta META.O, Microsoft MSFT.O and Google GOOGL.O. Caste is explicitly written into Dell's Global Social Media Policy, for example, and in Amazon sustainability team's Global Human Rights Principles and Google's code of conduct for suppliers. Amazon and Dell confirmed they had also begun mentioning caste in anti-bias presentations for at least some new hires outside India.
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Several companies do not specifically reference caste in their main global policy, including Amazon AMZN.O, Dell DELL.N, Facebook owner Meta META.O, Microsoft MSFT.O and Google GOOGL.O. Caste is explicitly written into Dell's Global Social Media Policy, for example, and in Amazon sustainability team's Global Human Rights Principles and Google's code of conduct for suppliers. Amazon and Dell confirmed they had also begun mentioning caste in anti-bias presentations for at least some new hires outside India.
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Several companies do not specifically reference caste in their main global policy, including Amazon AMZN.O, Dell DELL.N, Facebook owner Meta META.O, Microsoft MSFT.O and Google GOOGL.O. Caste is explicitly written into Dell's Global Social Media Policy, for example, and in Amazon sustainability team's Global Human Rights Principles and Google's code of conduct for suppliers. Amazon and Dell confirmed they had also begun mentioning caste in anti-bias presentations for at least some new hires outside India.
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12dd5924-27a5-474c-89ab-aeb56d1dc3dd
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725699.0
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2022-08-12 00:00:00 UTC
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What Kind Of Shareholders Own Dell Technologies Inc. (NYSE:DELL)?
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DELL
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https://www.nasdaq.com/articles/what-kind-of-shareholders-own-dell-technologies-inc.-nyse%3Adell
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nan
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nan
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A look at the shareholders of Dell Technologies Inc. (NYSE:DELL) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.
Dell Technologies has a market capitalization of US$35b, so it's too big to fly under the radar. We'd expect to see both institutions and retail investors owning a portion of the company. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholders can tell us about Dell Technologies.
NYSE:DELL Ownership Breakdown August 12th 2022
What Does The Institutional Ownership Tell Us About Dell Technologies?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that Dell Technologies does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Dell Technologies' earnings history below. Of course, the future is what really matters.
NYSE:DELL Earnings and Revenue Growth August 12th 2022
Hedge funds don't have many shares in Dell Technologies. Looking at our data, we can see that the largest shareholder is Silver Lake Management, L.L.C. with 13% of shares outstanding. With 3.0% and 2.8% of the shares outstanding respectively, Dodge & Cox and BlackRock, Inc. are the second and third largest shareholders. Furthermore, CEO Michael Dell is the owner of 0.8% of the company's shares.
A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Dell Technologies
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own some shares in Dell Technologies Inc.. It is a very large company, and board members collectively own US$360m worth of shares (at current prices). Most would say this shows a good alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.
General Public Ownership
The general public, mostly comprising of individual investors, collectively holds 56% of Dell Technologies shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.
Private Equity Ownership
With a stake of 13%, private equity firms could influence the Dell Technologies board. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 5 warning signs for Dell Technologies you should know about.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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A look at the shareholders of Dell Technologies Inc. (NYSE:DELL) can tell us which group is most powerful. Dell Technologies has a market capitalization of US$35b, so it's too big to fly under the radar. Let's take a closer look to see what the different types of shareholders can tell us about Dell Technologies.
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General Public Ownership The general public, mostly comprising of individual investors, collectively holds 56% of Dell Technologies shares. A look at the shareholders of Dell Technologies Inc. (NYSE:DELL) can tell us which group is most powerful. Dell Technologies has a market capitalization of US$35b, so it's too big to fly under the radar.
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NYSE:DELL Ownership Breakdown August 12th 2022 What Does The Institutional Ownership Tell Us About Dell Technologies? We can see that Dell Technologies does have institutional investors; and they hold a good portion of the company's stock. General Public Ownership The general public, mostly comprising of individual investors, collectively holds 56% of Dell Technologies shares.
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A look at the shareholders of Dell Technologies Inc. (NYSE:DELL) can tell us which group is most powerful. We can see that Dell Technologies does have institutional investors; and they hold a good portion of the company's stock. Our most recent data indicates that insiders own some shares in Dell Technologies Inc..
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fcc46986-1f1d-4e8d-b718-31e15792bcc0
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