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725900.0
|
2021-11-24 00:00:00 UTC
|
US STOCKS-Wall Street set to fall on mixed data, retail earnings
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-to-fall-on-mixed-data-retail-earnings
|
nan
|
nan
|
By Ambar Warrick and Devik Jain
Nov 24 (Reuters) - Wall Street indexes were set to fall on Wednesday as mixed economic data and disappointing earnings from retailers kept investors on edge heading into the Thanksgiving holiday.
Data showed weekly jobless claims fell and third-quarter GDP growth was revised higher, but other readings showed consumers paid much higher prices for goods through the third quarter, as inflation continued to grow.
Department store operator Nordstrom Inc JWN.N and apparel retailer Gap Inc GPS.N plunged 25.8% and 20.2%, respectively, in premarket trading after the two warned of supply chain issues and rising costs heading into the crucial holiday season.
They set a grim tone for the retail sector ahead of the Thanksgiving weekend, which kicks off the shopping-heavy U.S. holiday season. Other retail stocks including Macy's Inc M.N and Kohl's Corp KSS.N also fell.
"The problem is expectations are high for a very strong, robust holiday shopping season for retailers, anything less than that will be a disappointment," said Ken Mahoney, chief executive officer of Mahoney Asset Management.
Focus is also on minutes of the Federal Reserve's Nov. 2-3 meeting, due later in the day, for clues on the pace at which the central bank intends to taper COVID-era stimulus measures amid rising inflation. Fed officials had agreed at the meeting to begin scaling back monthly asset purchases.
Personal consumption data for October, a key metric watched by the Fed to gauge consumer spending strength, is due at 10:00 a.m. ET (1500 GMT).
"A lot of Fed governors speak on their own, but (in) the minutes you can kind of see where the majority kind of lies and that is the concern about inflation," said Mahoney.
Most major Wall Street lenders also slipped after rallying this week on hopes of higher interest rates. Bank of America BAC.N and JPMorgan & Chase JPM.N led losses, falling 0.4% and 0.6%, respectively.
Jerome Powell's nomination for a second term as Federal Reserve Chair boosted expectations of early monetary policy tightening and supported Treasury yields.US/
Rising interest rates saw investors pull out of technology stocks, as they discount future earnings from the sector. The Nasdaq index .IXIC has slipped 1.8% so far this week.
Tech majors including Apple Inc AAPL.O and Microsoft Corp MSFT.O slipped about 0.5% each on Wednesday.
Low trading volumes this week ahead of the market holiday on Thursday and a shortened session on Friday have kept volatility high. The S&P 500 .SPX had settled a touch higher on Tuesday after logging large swings through the day.
At 08:51 a.m. ET, Dow e-minis 1YMcv1were down 189 points, or 0.53%. S&P 500 e-minis EScv1were down 25 points, or 0.53% and Nasdaq 100 e-minis NQcv1were down 121 points, or 0.74%.
Among other premarket movers, Tesla Inc TSLA.O fell 2.6% after CEO Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares.
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 4.1% and 1.5%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers.
(Reporting by Ambar Warrick in Bengaluru; Editing by Maju Samuel)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 4.1% and 1.5%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes were set to fall on Wednesday as mixed economic data and disappointing earnings from retailers kept investors on edge heading into the Thanksgiving holiday. Department store operator Nordstrom Inc JWN.N and apparel retailer Gap Inc GPS.N plunged 25.8% and 20.2%, respectively, in premarket trading after the two warned of supply chain issues and rising costs heading into the crucial holiday season.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 4.1% and 1.5%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes were set to fall on Wednesday as mixed economic data and disappointing earnings from retailers kept investors on edge heading into the Thanksgiving holiday. Most major Wall Street lenders also slipped after rallying this week on hopes of higher interest rates.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 4.1% and 1.5%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes were set to fall on Wednesday as mixed economic data and disappointing earnings from retailers kept investors on edge heading into the Thanksgiving holiday. Data showed weekly jobless claims fell and third-quarter GDP growth was revised higher, but other readings showed consumers paid much higher prices for goods through the third quarter, as inflation continued to grow.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 4.1% and 1.5%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes were set to fall on Wednesday as mixed economic data and disappointing earnings from retailers kept investors on edge heading into the Thanksgiving holiday. Most major Wall Street lenders also slipped after rallying this week on hopes of higher interest rates.
|
0791cb52-0c19-4d72-ac8d-5470fbfa8deb
|
725901.0
|
2021-11-24 00:00:00 UTC
|
Dell Posts Record Q3 Results on Strong PC Demand
|
DELL
|
https://www.nasdaq.com/articles/dell-posts-record-q3-results-on-strong-pc-demand
|
nan
|
nan
|
Shares of Dell Technologies (DELL) rose 1.4% in the extended trading session on Tuesday after the American multinational technology company reported strong third-quarter Fiscal Year 2022 results. Driven by solid demand, durable competitive advantages and strong execution, the quarter proved to be the best third quarter in Dell’s history.
Results in Detail
The company reported adjusted earnings of $2.37 per share, which comfortably beat the consensus estimate of $2.09 per share and grew 17% from adjusted earnings of $2.03 per share reported in the same quarter last year.
Total net revenue of $28.39 billion grew 21% year-over-year and topped analysts’ expectations of $27.01 billion. Growth in all business units, customer segments and geographies, along with strong demand across commercial PCs, servers and storage, acted as tailwinds.
Adjusted EBITDA for the third quarter stood at $3.41 billion, up 6% year-over-year. (See Dell stock charts on TipRanks)
Segmental Data
Client Solutions Group recorded revenues of $16.5 billion, up 35% year-over-year. Markedly, the reported quarter reflected the highest year-over-year PC share gain in Dell's history, with shipments rising 26.6%.
Additionally, revenues for Infrastructure Solutions Group came in at $8.4 billion, up 5% year-over-year, and reflected the third consecutive quarter of positive revenue growth on the back of accelerating IT investments.
Further, VMware revenue was recorded at $3.2 billion for the third quarter, up 10% year-over-year.
Guidance
For the fourth quarter, the company projects revenue to be in the range of $27 billion to $28 billion, representing year-over-year growth of 12% to 16%. Further, adjusted earnings are expected to be between $1.85 and $2.05 per share.
CFO Comments
The CFO of Dell, Tom Sweet, said, “We continue to deliver strong results, with more than $13 billion in cash flow from operations on a trailing-twelve-month basis. The digital trends are tailwinds for our business, and along with our strategy and financial flexibility, lead us to be optimistic about our long-term growth prospects.”
See Insiders’ Hot Stocks on TipRanks >>
Wall Street’s Take
Shares of Dell have exploded 95.7% over the past year and have a Strong Buy consensus rating based on 6 Buys and 2 Holds. The average Dell price target of $58.67 implies 7.32% upside potential.
Website Traffic
TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into Dell’s performance. According to the tool, the Dell website recorded a 22.05% monthly decline, year-over-year, in global visits in October.
Related News:
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General Motors Acquires 25% Stake in Pure Watercraft; Shares Rise
AWS to be Cloud Provider for Richemont
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(See Dell stock charts on TipRanks) Segmental Data Client Solutions Group recorded revenues of $16.5 billion, up 35% year-over-year. Markedly, the reported quarter reflected the highest year-over-year PC share gain in Dell's history, with shipments rising 26.6%. Shares of Dell Technologies (DELL) rose 1.4% in the extended trading session on Tuesday after the American multinational technology company reported strong third-quarter Fiscal Year 2022 results.
|
Shares of Dell Technologies (DELL) rose 1.4% in the extended trading session on Tuesday after the American multinational technology company reported strong third-quarter Fiscal Year 2022 results. (See Dell stock charts on TipRanks) Segmental Data Client Solutions Group recorded revenues of $16.5 billion, up 35% year-over-year. Website Traffic TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into Dell’s performance.
|
Shares of Dell Technologies (DELL) rose 1.4% in the extended trading session on Tuesday after the American multinational technology company reported strong third-quarter Fiscal Year 2022 results. Driven by solid demand, durable competitive advantages and strong execution, the quarter proved to be the best third quarter in Dell’s history. (See Dell stock charts on TipRanks) Segmental Data Client Solutions Group recorded revenues of $16.5 billion, up 35% year-over-year.
|
Shares of Dell Technologies (DELL) rose 1.4% in the extended trading session on Tuesday after the American multinational technology company reported strong third-quarter Fiscal Year 2022 results. Driven by solid demand, durable competitive advantages and strong execution, the quarter proved to be the best third quarter in Dell’s history. (See Dell stock charts on TipRanks) Segmental Data Client Solutions Group recorded revenues of $16.5 billion, up 35% year-over-year.
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7dcfe034-6d94-4666-9ee0-6fda4b105953
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725902.0
|
2021-11-24 00:00:00 UTC
|
US STOCKS-Wall Street slides as retail, tech stocks weigh
|
DELL
|
https://www.nasdaq.com/articles/us-stocks-wall-street-slides-as-retail-tech-stocks-weigh
|
nan
|
nan
|
By Ambar Warrick and Devik Jain
Nov 24 (Reuters) - Wall Street indexes fell on Wednesday as data pointed to strength in the U.S. economy but signaled inflationary pressures, while disappointing earnings from retailers also weighed on the mood.
Department store operator Nordstrom Inc JWN.N and apparel retailer Gap Inc GPS.N plunged 29.3% and 23.2%, respectively, after the two companies warned of supply chain issues and rising costs heading into the crucial holiday season.
The broader retail index .SPXRT fell 0.4% as the results set a grim tone for the sector ahead of the Thanksgiving weekend, which kicks off the shopping-heavy U.S. holiday season.
"The problem is expectations are high for a very strong, robust holiday shopping season for retailers. Anything less than that will be a disappointment," said Ken Mahoney, chief executive officer of Mahoney Asset Management.
Technology stocks were the biggest drags on the S&P 500 and the Nasdaq, extending this week's losses after Jerome Powell's nomination for a second term as Federal Reserve Chair boosted bets of a faster tightening of U.S. monetary policy. US/
Technology stocks are sensitive to rising interest rates as their value rests heavily on future earnings, which are discounted more deeply when rates go up.
The S&P technology sector .SPLRCT and communication services sector .SPLRCL fell 0.4% each.
Data showed U.S. consumer spending increased more than expected in October as households bought motor vehicles and a range of other goods, although price pressures heated up.
The so-called core PCE price index, which is the Fed's preferred inflation measure, accelerated 4.1% in the 12 months through October after a 3.7% advance in September.
Another set showed weekly jobless claims fell and third-quarter GDP was revised higher.
Focus is also on minutes of the Fed's Nov. 2-3 meeting, due later in the day, for clues on the pace at which the central bank intends to taper COVID-era stimulus measures. Fed officials had agreed at the meeting to begin scaling back monthly asset purchases.
Low trading volumes this week ahead of the market holiday on Thursday and a shortened session on Friday have kept volatility high.
At 10:25 a.m. ET, the Dow Jones Industrial Average .DJIwas down 105.30 points, or 0.29%, at 35,708.50 and the S&P 500 .SPXwas down 11.77 points, or 0.25%, at 4,678.93. The Nasdaq Composite .IXICwas down 49.83 points, or 0.32%, at 15,725.31.
Among other stocks, Tesla Inc TSLA.Oreversed early losses after CEO Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares. Its shares were last up 0.4%.
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 8.9% and 4.3%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers.
Declining issues outnumbered advancers for a 1.40-to-1 ratio on the NYSE and a 1.25-to-1 ratio on the Nasdaq.
The S&P index recorded 17 new 52-week highs and four new lows, while the Nasdaq recorded 30 new highs and 195 new lows.
(Reporting by Ambar Warrick in Bengaluru; Editing by Maju Samuel)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 8.9% and 4.3%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes fell on Wednesday as data pointed to strength in the U.S. economy but signaled inflationary pressures, while disappointing earnings from retailers also weighed on the mood. Department store operator Nordstrom Inc JWN.N and apparel retailer Gap Inc GPS.N plunged 29.3% and 23.2%, respectively, after the two companies warned of supply chain issues and rising costs heading into the crucial holiday season.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 8.9% and 4.3%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes fell on Wednesday as data pointed to strength in the U.S. economy but signaled inflationary pressures, while disappointing earnings from retailers also weighed on the mood. The so-called core PCE price index, which is the Fed's preferred inflation measure, accelerated 4.1% in the 12 months through October after a 3.7% advance in September.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 8.9% and 4.3%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. By Ambar Warrick and Devik Jain Nov 24 (Reuters) - Wall Street indexes fell on Wednesday as data pointed to strength in the U.S. economy but signaled inflationary pressures, while disappointing earnings from retailers also weighed on the mood. The broader retail index .SPXRT fell 0.4% as the results set a grim tone for the sector ahead of the Thanksgiving weekend, which kicks off the shopping-heavy U.S. holiday season.
|
Shares of PC makers HP Inc HPQ.N and Dell Technologies DELL.N jumped 8.9% and 4.3%, respectively, after they logged a more than four-fold rise in quarterly profits amid increasing demand for personal computers. The broader retail index .SPXRT fell 0.4% as the results set a grim tone for the sector ahead of the Thanksgiving weekend, which kicks off the shopping-heavy U.S. holiday season. "The problem is expectations are high for a very strong, robust holiday shopping season for retailers.
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636c854b-3f56-41dd-abfc-bd1a16155f55
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725903.0
|
2021-11-23 00:00:00 UTC
|
Dell forecasts upbeat revenue on strong PC demand
|
DELL
|
https://www.nasdaq.com/articles/dell-forecasts-upbeat-revenue-on-strong-pc-demand
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nan
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nan
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Adds forecast details from conference call
Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model.
The company said it was expecting fourth-quarter revenue from continuing operations in the range of $27 billion to $28 billion, above analyst estimates of $26.23 billion, according to Refinitv IBES.
Revenue at Dell's client solutions business, home to its hardware devices, rose 35% in the quarter on booming demand from companies upgrading their computer systems to meet work-from-home challenges.
Dell benefits from having a diverse portfolio of software and hardware revenue streams, and it is now trying to tap into high-growth markets, such as edge computing, cloud and telecoms, that have gained traction since the pandemic began.
Revenue from its infrastructure solutions group, which includes the data center business, was up 5% at $8.4 billion in the quarter.
Total revenue jumped 21% to $28.39 billion, compared with analysts' average estimate of $26.82 billion, according to Refinitiv data.
The company's net income surged more than four-fold to $3.89 billion, or $4.87 per share, in the third quarter ended Oct. 29, from $881 million, or $1.08 per share, a year earlier.
Meanwhile, rival PC-maker HP Inc HPQ.N also reported a quarterly profit that more than quadrupled to $3.09 billion, and said its personal systems unit posted a 13% rise in revenue.
Dell's freshly spun off cloud computing unit, VMware, posted a 10% rise in revenue during the quarter.
VMWare completed its spinoff from Dell, which owned 81% of the software firm, to become a separate publicly traded company on Nov. 1.
(Reporting by Eva Mathews and Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel and Anil D'Silva)
((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.
|
Revenue at Dell's client solutions business, home to its hardware devices, rose 35% in the quarter on booming demand from companies upgrading their computer systems to meet work-from-home challenges. Dell benefits from having a diverse portfolio of software and hardware revenue streams, and it is now trying to tap into high-growth markets, such as edge computing, cloud and telecoms, that have gained traction since the pandemic began. Adds forecast details from conference call Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model.
|
Dell's freshly spun off cloud computing unit, VMware, posted a 10% rise in revenue during the quarter. Adds forecast details from conference call Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model. Revenue at Dell's client solutions business, home to its hardware devices, rose 35% in the quarter on booming demand from companies upgrading their computer systems to meet work-from-home challenges.
|
Adds forecast details from conference call Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model. Revenue at Dell's client solutions business, home to its hardware devices, rose 35% in the quarter on booming demand from companies upgrading their computer systems to meet work-from-home challenges. Dell benefits from having a diverse portfolio of software and hardware revenue streams, and it is now trying to tap into high-growth markets, such as edge computing, cloud and telecoms, that have gained traction since the pandemic began.
|
Dell's freshly spun off cloud computing unit, VMware, posted a 10% rise in revenue during the quarter. Adds forecast details from conference call Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model. Revenue at Dell's client solutions business, home to its hardware devices, rose 35% in the quarter on booming demand from companies upgrading their computer systems to meet work-from-home challenges.
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6c850c80-0f7e-4086-809d-b97a9167fb9d
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725904.0
|
2021-11-23 00:00:00 UTC
|
Dell Technologies Q3 Results Trump Street View On Strong Demand For PCs
|
DELL
|
https://www.nasdaq.com/articles/dell-technologies-q3-results-trump-street-view-on-strong-demand-for-pcs
|
nan
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nan
|
(RTTNews) - Dell Technologies (DELL) Tuesday reported a profit for the third quarter that easily trumped Wall Street estimates, as revenues jumped 21%, driven largely by strong demand for its PCs.
Round Rock, Texas-based Dell's third-quarter profit rose to $3.89 billion or $4.87 per share from $881 million or $1.08 per share last year.
Adjusted earnings were $2.02 billion or $2.37 per share for the period, up from $1.71 billion or $2.03 per share last year. Analysts polled by Thomson Reuters estimated earnings of $2.18 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 21% to $28.39 billion from $23.48 billion last year. Analysts had a consensus revenue estimate of $26.82 billion.
Client Solutions Group revenues grew to 35% to a record $16.5 billion, with commercial revenue up 40% and consumer revenue up 21%.
The company said the segment's growth reflects continued increase in high-value segments, including commercial PCs, high-end consumer and gaming. The company also achieved its highest year-over-year PC share gain in history for calendar third quarter, with shipments up 26.6% and global PC share up 3.0 points to 17.4%.
Infrastructure Solutions Group revenue rose 5% to $8.4 billion, as servers and networking revenue was up 9% and storage revenue inched up 1%.
"We're three quarters into what will prove to be a historic year for Dell, and we are just beginning to write the next chapter of the Dell Technologies story," said Chuck Whitten, co-chief operating officer, Dell Technologies. "We are uniquely positioned in the data era, with durable advantages and in adjacent market-leading positions. Our strategy is focused on growing our core business and in adjacent multi-billion-dollar markets including multi-cloud, edge, telecom and as-Service."
DELL closed Tuesday's trading at $54.67, down $0.46 or 0.83%, on the Nasdaq. The stock, however, gained $0.81 or 1.48% 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.
|
(RTTNews) - Dell Technologies (DELL) Tuesday reported a profit for the third quarter that easily trumped Wall Street estimates, as revenues jumped 21%, driven largely by strong demand for its PCs. Round Rock, Texas-based Dell's third-quarter profit rose to $3.89 billion or $4.87 per share from $881 million or $1.08 per share last year. "We're three quarters into what will prove to be a historic year for Dell, and we are just beginning to write the next chapter of the Dell Technologies story," said Chuck Whitten, co-chief operating officer, Dell Technologies.
|
(RTTNews) - Dell Technologies (DELL) Tuesday reported a profit for the third quarter that easily trumped Wall Street estimates, as revenues jumped 21%, driven largely by strong demand for its PCs. Round Rock, Texas-based Dell's third-quarter profit rose to $3.89 billion or $4.87 per share from $881 million or $1.08 per share last year. "We're three quarters into what will prove to be a historic year for Dell, and we are just beginning to write the next chapter of the Dell Technologies story," said Chuck Whitten, co-chief operating officer, Dell Technologies.
|
(RTTNews) - Dell Technologies (DELL) Tuesday reported a profit for the third quarter that easily trumped Wall Street estimates, as revenues jumped 21%, driven largely by strong demand for its PCs. Round Rock, Texas-based Dell's third-quarter profit rose to $3.89 billion or $4.87 per share from $881 million or $1.08 per share last year. "We're three quarters into what will prove to be a historic year for Dell, and we are just beginning to write the next chapter of the Dell Technologies story," said Chuck Whitten, co-chief operating officer, Dell Technologies.
|
Round Rock, Texas-based Dell's third-quarter profit rose to $3.89 billion or $4.87 per share from $881 million or $1.08 per share last year. DELL closed Tuesday's trading at $54.67, down $0.46 or 0.83%, on the Nasdaq. (RTTNews) - Dell Technologies (DELL) Tuesday reported a profit for the third quarter that easily trumped Wall Street estimates, as revenues jumped 21%, driven largely by strong demand for its PCs.
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73f91274-04d6-4d71-b0a1-465d7e66e458
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725905.0
|
2021-11-23 00:00:00 UTC
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Dell's quarterly profit more than quadruples on strong PC demand
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DELL
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https://www.nasdaq.com/articles/dells-quarterly-profit-more-than-quadruples-on-strong-pc-demand
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nan
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nan
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Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increasingly adopting hybrid work models.
With the COVID-19 pandemic disrupting in-person activity across many industries, millions of consumers have started to work and learn from home resulting in the need for better and faster computers.
Revenue at Dell's client solutions unit, home to its hardware devices, rose 35% in the quarter on an operating income of $1.1 billion.
Dell benefits from having a diverse portfolio of software and hardware revenue streams, and it is now trying to tap into high-growth markets, such as edge computing, cloud and telecoms, that have gained traction since the pandemic began.
Revenue from its infrastructure solutions group, which includes the data center business, was up 5% at $8.4 billion in the quarter.
Total revenue jumped 21% to $28.39 billion, compared with analysts' average estimate of $26.82 billion, according to Refinitiv data.
The company's net income surged to $3.89 billion, or $4.87 per share, in the third quarter ended Oct. 29, from $881 million, or $1.08 per share, a year earlier.
Meanwhile, rival PC-maker HP Inc HPQ.N also reported a quarterly profit that more than quadrupled to $3.09 billion, and said its personal systems unit posted a 13% rise in revenue.
Dell's freshly spun off cloud computing unit VMware posted a 10% rise in revenue during the quarter.
VMWare completed its spinout from Dell, which owned 81% of the software firm, to become a separate publicly traded company on Nov. 1.
(Reporting by Eva Mathews and Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel)
((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.
|
Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increasingly adopting hybrid work models. Dell benefits from having a diverse portfolio of software and hardware revenue streams, and it is now trying to tap into high-growth markets, such as edge computing, cloud and telecoms, that have gained traction since the pandemic began. Revenue at Dell's client solutions unit, home to its hardware devices, rose 35% in the quarter on an operating income of $1.1 billion.
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Revenue at Dell's client solutions unit, home to its hardware devices, rose 35% in the quarter on an operating income of $1.1 billion. Dell's freshly spun off cloud computing unit VMware posted a 10% rise in revenue during the quarter. Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increasingly adopting hybrid work models.
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Revenue at Dell's client solutions unit, home to its hardware devices, rose 35% in the quarter on an operating income of $1.1 billion. Dell's freshly spun off cloud computing unit VMware posted a 10% rise in revenue during the quarter. Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increasingly adopting hybrid work models.
|
Dell's freshly spun off cloud computing unit VMware posted a 10% rise in revenue during the quarter. Nov 23 (Reuters) - Laptop maker Dell Technologies Inc DELL.N said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increasingly adopting hybrid work models. Revenue at Dell's client solutions unit, home to its hardware devices, rose 35% in the quarter on an operating income of $1.1 billion.
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d824b724-2aee-4abd-b89f-f27c5a509fe9
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725906.0
|
2021-11-23 00:00:00 UTC
|
After-Hours Earnings Report for November 23, 2021 : ADSK, HPQ, DELL, VMW, GPS, PLAN, PSTG, NTNX, DADA, JWN, GES, FANH
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-november-23-2021-%3A-adsk-hpq-dell-vmw-gps-plan-pstg-ntnx
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nan
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nan
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The following companies are expected to report earnings after hours on 11/23/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Autodesk, Inc. (ADSK)is reporting for the quarter ending October 31, 2021. The computer software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.68. This value represents a 1.45% decrease compared to the same quarter last year. In the past year ADSK has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 19.64%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ADSK is 108.56 vs. an industry ratio of 68.70, implying that they will have a higher earnings growth than their competitors in the same industry.
HP Inc. (HPQ)is reporting for the quarter ending October 31, 2021. The computer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.88. This value represents a 41.94% increase compared to the same quarter last year. In the past year HPQ has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 19.05%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for HPQ is 8.54 vs. an industry ratio of 45.30.
Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2021. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.33. This value represents a 14.78% increase compared to the same quarter last year. In the past year DELL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 9.27%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 7.13 vs. an industry ratio of 35.10.
Vmware, Inc. (VMW)is reporting for the quarter ending October 31, 2021. The computer software company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.92. This value represents a 12.38% decrease compared to the same quarter last year. In the past year VMW has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 14.56%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VMW is 25.80 vs. an industry ratio of 68.70.
Gap, Inc. (GPS)is reporting for the quarter ending October 31, 2021. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.49. This value represents a 96.00% increase compared to the same quarter last year. GPS missed the consensus earnings per share in the 4th calendar quarter of 2020 by -13.79%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GPS is 10.93 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Anaplan, Inc. (PLAN)is reporting for the quarter ending October 31, 2021. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.35. This value represents a 45.83% decrease compared to the same quarter last year. PLAN missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -25%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PLAN is -40.60 vs. an industry ratio of -42.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Pure Storage, Inc. (PSTG)is reporting for the quarter ending October 31, 2021. The computer storage company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.13. This value represents a 40.91% increase compared to the same quarter last year. In the past year PSTG has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PSTG is -57.25 vs. an industry ratio of -3.20.
Nutanix, Inc. (NTNX)is reporting for the quarter ending October 31, 2021. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.76. This value represents a 13.64% increase compared to the same quarter last year. NTNX missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -2.35%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for NTNX is -12.03 vs. an industry ratio of 35.10.
Dada Nexus Limited (DADA)is reporting for the quarter ending September 30, 2021. The technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.37. This value represents a 48.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DADA is -13.46 vs. an industry ratio of -198.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Nordstrom, Inc. (JWN)is reporting for the quarter ending October 31, 2021. The retail (shoe) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.56. This value represents a 154.55% increase compared to the same quarter last year. JWN missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -20.75%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for JWN is 22.14 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Guess?, Inc. (GES)is reporting for the quarter ending October 31, 2021. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.45. This value represents a 22.41% decrease compared to the same quarter last year. In the past year GES has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 41.18%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GES is 8.18 vs. an industry ratio of 19.40.
Fanhua Inc. (FANH)is reporting for the quarter ending September 30, 2021. The insurance brokers company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.10. This value represents a 52.38% decrease compared to the same quarter last year. FANH missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -41.67%. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FANH is 16.06 vs. an industry ratio of 22.60.
The views and 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, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 7.13 vs. an industry ratio of 35.10.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 7.13 vs. an industry ratio of 35.10.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 7.13 vs. an industry ratio of 35.10.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending October 31, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 7.13 vs. an industry ratio of 35.10.
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024c2042-de72-4004-b9d5-43fa4d4300de
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725907.0
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2021-11-23 00:00:00 UTC
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Dell (DELL) Q3 Earnings: What to Expect
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DELL
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https://www.nasdaq.com/articles/dell-dell-q3-earnings%3A-what-to-expect
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nan
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nan
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P
C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2021 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see if Dell can duplicate its rivals in delivering better-than-expected results.
Meanwhile, Dell stock has been on a steady uptrend ever since the company completed its spinoff of VMWare (VMW). Dell announced plans in April to spin off its 81% stake in VMWare in a deal to create two standalone companies. Dell acquired its stake in VMWare in 2015 as part of its acquisition of EMC. But is now the right time to buy Dell, or will VMWare be the better purchase? The spinoff is part of Dell’s strategic shift to grow its capabilities in the realm of edge computing, cloud services, artificial intelligence, among other high-growth end markets.
While the company is benefiting from a diverse portfolio of software and hardware revenue streams, the PC market still remains a thriving revenue stream for the company. With the pandemic disrupting in-office and in-person activity across many industries, this has driven millions of consumers to work and learn from home. The need for better and faster computers have sent PC and electronic sales soaring, posting their strongest growth in more than a decade.
This increased demand bodes well not only for Dell’s PC market share, but also for its Infrastructure Solutions Group and Client Solutions Group which accounts for more than 80% of its total revenues. This group consists of revenues from datacenter and computing hardware/software sales. And this segment will be the company’s main growth drivers for the foreseeable future. On Tuesday, beyond a top- and bottom-line beat, investors will want strong guidance from these segments for the quarters and year ahead.
For the three months that ended October, Wall Street expects the Round Rock, TX.-based company to earn $2.17 per share on revenue of $26.82 billion. This compares to the year-ago quarter when earnings came to $2.03 per share on revenue of $23.52 billion. For the full year, ending in January, earnings are projected to decline 0.62% year over year to $7.95 per share, while full-year revenue of $102.67 billion would rise 8.8% year over year.
Owing to strong demand for its servers and network devices, Dell beat on both the top and bottom lines in the second quarter. Q2 revenue rose 15% year over year to $26.13 billion, beating consensus by $586 million. Adjusted earnings of $2.24 per share beat the consensus forecast of $2.04 per share. The revenue gains was driven by better-than-expected demand in the government sector and in education, with orders rising by strong double digit percentages.
Work-from-home and learn-from-home tailwinds were the key catalyst in the surge for PCs and other hardware that enable virtual learning. Accordingly, the client solutions revenue rose 27% to a record $14.3 billion. Consumer revenue growth came in at 17%, though there was a noticeable deceleration from the first quarter growth of 42%. Commercial revenue growth, however, improved to 32%, rising from 14% in the first quarter. Infrastructure Solutions revenue was up 3%, to $8.4 billion. The company saw a rise in servers and networking revenue of 6%, offsetting the 1% decline in storage revenue.
Can the company sustain these positive growth trends on Tuesday? Dell offers an attractive risk-reward trade when factoring the positive results that have arrived from both its Client Solutions Group and Infrastructure Solutions Group. On Tuesday a top- and bottom-line beat, along with strong guidance can affirm this belief.
The views and 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 spinoff is part of Dell’s strategic shift to grow its capabilities in the realm of edge computing, cloud services, artificial intelligence, among other high-growth end markets. C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2021 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see if Dell can duplicate its rivals in delivering better-than-expected results.
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This increased demand bodes well not only for Dell’s PC market share, but also for its Infrastructure Solutions Group and Client Solutions Group which accounts for more than 80% of its total revenues. C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2021 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see if Dell can duplicate its rivals in delivering better-than-expected results.
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This increased demand bodes well not only for Dell’s PC market share, but also for its Infrastructure Solutions Group and Client Solutions Group which accounts for more than 80% of its total revenues. C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2021 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see if Dell can duplicate its rivals in delivering better-than-expected results.
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Dell acquired its stake in VMWare in 2015 as part of its acquisition of EMC. Owing to strong demand for its servers and network devices, Dell beat on both the top and bottom lines in the second quarter. C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2021 results after Tuesday’s closing bell.
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7c99b9c7-1591-43a5-abda-5e56ac9cd734
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725908.0
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2021-11-21 00:00:00 UTC
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Weekly Preview: Earnings to Watch This Week (BBY, DELL, HPQ, ZM)
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DELL
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https://www.nasdaq.com/articles/weekly-preview%3A-earnings-to-watch-this-week-bby-dell-hpq-zm
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nan
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nan
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W
ith Thanksgiving fast approaching, this is normally the time, as an investor, I take a step back and evaluate the things I should be thankful for. If you have been an avid reader of this weekly column, you can tell I’m an optimist by nature. Rarely do I recommend selling rallies or not buying dips. This year more than any other, these strategies have paid off.
Despite inflation running at its highest annual rate in almost thirteen years, there are tons of reasons to remain invested in the market. The low interest rate environment is one of those reasons. There is no alternative. Technology stocks, particularly growth areas of the market that tend to fare better in a lower interest-rate environment, have performed impressively over the past few weeks, offsetting weakness in what was once a promising re-opening trade. But it still appears as investors are looking for clearer direction.
On Friday stocks ended mixed with the Dow Jones Industrial Average trading down 268.97 points, or 0.75%, to close at 35,601.98. The blue chip index was pressured by, among others, declines in Salesforce (CRM), IBM (IBM) and Intel (INTC). Growing concerns over rising cases of COVID-19 in the U.S. and Europe were major factors on investors sentiment. Considerable weakness in Boeing (BA) which lost almost 6% and 2% decline UnitedHealth Group (UNH) also forced the Dow lower.
The S&P 500 Index shed 6.58 points, or 0.14% to close at 4,697.96, while the Nasdaq Composite Index rose 0.4%, gaining 63.73 to end the session at 16,057.44. Gains of more than 4% in Nvidia (NVDA) and a 3.7% rise in Tesla (TSLA) powered the Nasdaq higher and helping the tech-heavy index to post a 1.3% gain for the week. Meanwhile, in the five-day span, the Dow declined 1.3%, while the S&P 500 index added a modest gain of 0.4%.
After a rough start to the month on rising inflationary fears, the market has rebounded thanks to a slew of better-than expected earnings reports. Inflation concerns, which many analysts have debated whether it is transitory, might creep back next week, forcing the Fed to take action. Accordingly, staying in the market is still the best strategy as we head into the holiday shopping season, particularly given the strong revenue and profit growth trend that’s expected to continue well into the new year.
As for earnings, here are the stocks I’ll be watching this week.
Zoom Video (ZM) - Reports after the close, Monday, Nov. 22
Wall Street expects Zoom to earn $1.09 per share on revenue of $1.02 billion. This compares to the year-ago quarter when earnings came to 99 cents per share on revenue of $777.20 million.
What to watch: Zoom shares have been punished considerably over the past six months. The shares have fallen as much as 58% to a recent low of $245 since the stock reached its all-time high of $588.84 in October 2020. During that same span, the S&P 500 has risen some 32%. As vaccine distribution accelerates the market has grown concerned about Zoom’s ability to maintain its impressive growth rate and schools, universities and corporations reopen for in-person work and learn. The company, however, is reportedly looking to diversify its revenue stream by entering the contact center space. Meanwhile, management has done a solid job with profitability, raising the gross margin in each of the last few quarters from about 70% to 73%. The company is looking to pivot after the collapse of the Five9 deal, focusing on a new service named Zoom Video Engagement Center that is expected for launch in 2022. Nevertheless, to reverse the negative downward trend in the stock price, Zoom will have to issue strong revenue growth forecast for Zoom Phone and Zoom Rooms which are critical to growing and maintaining its ecosystem.
Best Buy (BBY) - Reports before the open, Tuesday, Nov. 23
Wall Street expects Target to earn $1.89 per share on revenue of $11.53 billion. This compares to the year-ago quarter when earnings came to $2.06 per share on revenue of $11.85 billion.
What to watch: Evidenced by their strong earnings results, brick-and-mortar retailers such Target (TGT) and Walmart (WMT) have shown they can leverage their scale and execute to withstand the adverse effects of the pandemic. Best Buy also falls into this category. Due to high consumer demand for electronics, Best Buy is expected to report not only strong third-quarter results, but also upside guidance for the holiday quarter. The technology-focused retailer has successfully differentiated itself from competitors, thanks to investments in omni-channel offerings as well as transformation to its supply chain. But with the stock now trading near all-time highs of around $137, it would seem all of the good news is priced in. Is now the time to take profits and move on? That’s what the company must answer on Tuesday.
Dell (DELL) - Reports after the close, Tuesday, Nov. 23
Wall Street expects Dell to earn $2.17 per share on revenue of $26.82 billion. This compares to the year-ago quarter when earnings came to $2.03 per share on revenue of $23.52 billion.
What to watch: Dell has been on a steady uptrend ever since the company completed its spinoff of VMWare (VMW). Dell announced plans in April to spin off its 81% stake in VMWare in a deal to create two standalone companies. Dell acquired its stake in VMWare in 2015 as part of its acquisition of EMC. But is now the right time to buy or will VMWare be the better purchase? The spinoff is part of Dell’s strategic shift to grow its capabilities in the realm of edge computing, cloud services, artificial intelligence, among other high-growth end markets. This is in addition to the PC market which still remains a thriving revenue stream. The company’s Infrastructure Solutions Group and Client Solutions Group, which consist of revenues from datacenter and computing hardware/software sales, account for more than 80% of Dell's total revenues. And this segment will be the company’s main growth drivers. On Tuesday, beyond a top- and bottom-line beat, investors will want strong guidance from these segments for the quarters and year ahead.
Hewlett-Packard (HPQ) - Reports after the close, Tuesday, Nov. 23
Wall Street expects HP to earn 88 cents per share on revenue of $15.40 billion. This compares to the year-ago quarter when earnings came to 62 cents per share on revenue of $15.26 billion.
What to watch: Is now the right time to bet on HP stock? With the pandemic disrupting in-office and in-person activity across many industries, this has driven millions of consumers across the globe to work and learn from home. As such, the need for better and faster computers have sent PC sales soaring, posting their strongest growth in more-than a decade during the third quarter, according IT research firms Gartner and IDC. Notably, this is despite disruptions in the global supply chain due to the chip shortage. Worldwide PC sales grew 5% sequentially in the third quarter, reaching 84.1 million units. On a year-over-year basis, shipments of notebooks and mobile workstation rose 3% to 67.4 million units, while desktop shipments jumped 12% to 16.6 million units. All of this growth should benefit HP which has seen its stock rise 10% over the past month and 27% year to date. On Tuesday investors will want to see evidence that not only is the growth sustainable, but HP can sustain the recovery in its stock with strong guidance.
The views and 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) - Reports after the close, Tuesday, Nov. 23 Wall Street expects Dell to earn $2.17 per share on revenue of $26.82 billion. What to watch: Dell has been on a steady uptrend ever since the company completed its spinoff of VMWare (VMW). Dell announced plans in April to spin off its 81% stake in VMWare in a deal to create two standalone companies.
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Dell (DELL) - Reports after the close, Tuesday, Nov. 23 Wall Street expects Dell to earn $2.17 per share on revenue of $26.82 billion. What to watch: Dell has been on a steady uptrend ever since the company completed its spinoff of VMWare (VMW). Dell announced plans in April to spin off its 81% stake in VMWare in a deal to create two standalone companies.
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Dell (DELL) - Reports after the close, Tuesday, Nov. 23 Wall Street expects Dell to earn $2.17 per share on revenue of $26.82 billion. What to watch: Dell has been on a steady uptrend ever since the company completed its spinoff of VMWare (VMW). Dell announced plans in April to spin off its 81% stake in VMWare in a deal to create two standalone companies.
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Dell (DELL) - Reports after the close, Tuesday, Nov. 23 Wall Street expects Dell to earn $2.17 per share on revenue of $26.82 billion. What to watch: Dell has been on a steady uptrend ever since the company completed its spinoff of VMWare (VMW). Dell announced plans in April to spin off its 81% stake in VMWare in a deal to create two standalone companies.
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afacde3e-c378-4ae4-adc2-ecc5c3d4fb68
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725909.0
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2021-11-17 00:00:00 UTC
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Grammarly raises fresh funds at $13 bln valuation
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DELL
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https://www.nasdaq.com/articles/grammarly-raises-fresh-funds-at-%2413-bln-valuation
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nan
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nan
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By Sohini Podder
Nov 18 (Reuters) - Grammarly, which makes artificially intelligent software that helps improve people's writing, has raised fresh capital at a valuation of $13 billion, underscoring sky-high demand for technology tools that provide writing assistance.
The surge in its valuation highlights Grammarly's stunning growth in recent years after it launched a freemium business model in 2015, helping it amass a loyal base of millions of daily users and other big-name enterprise customers including Zoom Video Communications Inc ZM.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DVMT.N and Expedia Group Inc EXPE.O.
In its previous funding round in 2019, it was valued at more than $1 billion. Grammarly said its services are currently used by roughly 30 million people every day.
In the latest round, Grammarly raised over $200 million from investors led by Baillie Gifford and funds and accounts managed by BlackRock Inc BLK.N.
The startup has no imminent plans to go public, Chief Executive Officer Brad Hoover told Reuters in an interview.
Founded in 2009 by Max Lytvyn, Alex Shevchenko and Dmytro Lider, Grammarly was initially focused on a subscription-based product to help students with their grammar and spelling.
Grammarly uses machine learning to assist not only with basic writing, but also spell-check, grammar, tone of language and context.
Since it was launched, Grammarly has built numerous products, including Grammarly Business, which help large companies across different functions including sales and marketing. Some of its other services include a plagiarism detector.
The startup also recently struck a partnership with Samsung Electronics 005930.KS, and under the deal, Grammarly's writing suggestions will be integrated with the South Korean company's smartphone keyboard. That will enable Samsung customers to use Grammarly's tools, without having to install an app.
Grammarly also has a desktop application for Microsoft Corp's MSFT.O Windows and Apple Inc's AAPL.O Mac operating systems.
(Reporting by Sohini Podder in Bengaluru; Editing by Anirban Sen and Sherry Jacob-Phillips)
((Sohini.Podder@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The surge in its valuation highlights Grammarly's stunning growth in recent years after it launched a freemium business model in 2015, helping it amass a loyal base of millions of daily users and other big-name enterprise customers including Zoom Video Communications Inc ZM.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DVMT.N and Expedia Group Inc EXPE.O. In the latest round, Grammarly raised over $200 million from investors led by Baillie Gifford and funds and accounts managed by BlackRock Inc BLK.N. The startup also recently struck a partnership with Samsung Electronics 005930.KS, and under the deal, Grammarly's writing suggestions will be integrated with the South Korean company's smartphone keyboard.
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The surge in its valuation highlights Grammarly's stunning growth in recent years after it launched a freemium business model in 2015, helping it amass a loyal base of millions of daily users and other big-name enterprise customers including Zoom Video Communications Inc ZM.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DVMT.N and Expedia Group Inc EXPE.O. By Sohini Podder Nov 18 (Reuters) - Grammarly, which makes artificially intelligent software that helps improve people's writing, has raised fresh capital at a valuation of $13 billion, underscoring sky-high demand for technology tools that provide writing assistance. In the latest round, Grammarly raised over $200 million from investors led by Baillie Gifford and funds and accounts managed by BlackRock Inc BLK.N.
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The surge in its valuation highlights Grammarly's stunning growth in recent years after it launched a freemium business model in 2015, helping it amass a loyal base of millions of daily users and other big-name enterprise customers including Zoom Video Communications Inc ZM.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DVMT.N and Expedia Group Inc EXPE.O. By Sohini Podder Nov 18 (Reuters) - Grammarly, which makes artificially intelligent software that helps improve people's writing, has raised fresh capital at a valuation of $13 billion, underscoring sky-high demand for technology tools that provide writing assistance. Since it was launched, Grammarly has built numerous products, including Grammarly Business, which help large companies across different functions including sales and marketing.
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The surge in its valuation highlights Grammarly's stunning growth in recent years after it launched a freemium business model in 2015, helping it amass a loyal base of millions of daily users and other big-name enterprise customers including Zoom Video Communications Inc ZM.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DVMT.N and Expedia Group Inc EXPE.O. By Sohini Podder Nov 18 (Reuters) - Grammarly, which makes artificially intelligent software that helps improve people's writing, has raised fresh capital at a valuation of $13 billion, underscoring sky-high demand for technology tools that provide writing assistance. Since it was launched, Grammarly has built numerous products, including Grammarly Business, which help large companies across different functions including sales and marketing.
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e2c62122-933c-4e5b-b8aa-50d535dcf7fa
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725910.0
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2021-11-16 00:00:00 UTC
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ANALYSIS-Banks that helped GE, others bulk up now profit from break-ups
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DELL
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https://www.nasdaq.com/articles/analysis-banks-that-helped-ge-others-bulk-up-now-profit-from-break-ups
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nan
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nan
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By Anirban Sen and David French
Nov 16 (Reuters) - Some of the Wall Street banks that helped General Electric Co GE.N, Toshiba Corp 6502.T and Johnson & Johnson JNJ.N become massive conglomerates through acquisitions over the years are now profiting from their break-ups, a Reuters analysis showed.
The three companies, which in recent days announced plans to spin off divisions, doled out hundreds of millions of dollars in fees to banks, including Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and UBS Group AG UBSG.S, to advise them on acquisitions over the years. Now, the same banks are getting paid to undo the outcomes of those deals.
Spokespeople for Goldman Sachs, JPMorgan and UBS did not respond to requests for comment.
While it's not uncommon for an investment bank to advise a company on a spin-off after previously working on the company's acquisitions, the spate of high-profile spin-offs by companies in recent days shines new light on the practice.
Banks have so far earned over $1 billion on spin-offs globally so far this year, nearly twice what they earned in 2020, according to Refinitiv.
Investors in those companies are not assured similar riches. Shares of companies that engage in acquisitions or divestments have had a mixed track record, often underperforming peers in the last two years, according to Refinitiv.
Erik Gordon, a professor of law and business at the University of Michigan, said banks do not generally break any rules when working on these deals because they are carrying out their clients' wishes. But he noted that this did not absolve banks of the responsibility to advise against a deal they view as not in a company's long-term interest.
"If the bankers deserve criticism, it is for not pushing back against a CEO who pushes a bad deal," Gordon said.
In the case of GE, Goldman Sachs was one of the banks, alongside Evercore Inc EVR.N, PJT Partners Inc PJT.N and Bank of America Corp BAC.N, that stand to collect tens of millions of dollars from advising on the company's break-up, according to estimates from M&A lawyers and bankers.
Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs since 2000, making it GE's top adviser based on M&A fees collected, according to Refinitiv.
JPMorgan, which advised J&J on its planned break-up, had previously made $206 million in fees since 2000 advising it on deals, according to Refinitiv. UBS, which worked on Toshiba's break-up, had collected $12 million in fees, the Refinitiv data showed.
Industrywide, Goldman Sachs has earned the most in fees from advising on corporate break-ups thus far in 2021, followed by JPMorgan and Lazard Ltd LAZ.N, according to Dealogic.
Corporate break-ups are on the rise amid a growing consensus on Wall Street that companies perform best only if they are focused on adjacent business areas, as well as increasing pressure from activist hedge funds pushing them in that direction.
Some 42 spin-offs collectively worth over $200 billion have been announced globally so far this year, up from 38 spin-offs worth roughly $90 billion in 2020, according to Dealogic. Investment banks have collected more than $4.5 billion since 2011 advising on spin-off deals globally, the Dealogic data shows.
For an interactive graphic, click on this link: https://tmsnrt.rs/3cgKJ9M
INDEPENDENT ADVICE
Investment bankers often argue that companies did not necessarily get it wrong when they embarked on deals they later reversed, because some combinations do not make sense forever.
Changes in a company's technological and competitive landscape or in the attitude of its shareholders can push it to change course.
For example, GE shareholders were initially supportive of its empire-building acquisitions in businesses as diverse as healthcare, credit cards and entertainment in the 1990s, viewing them as diversifying its earnings stream. When some of these businesses started to underperform and GE's valuation suffered, investors lost faith in the company's ability to run disparate businesses.
Bankers also argue that most companies want to pay bankers for delivering deals rather than advice on whether they need to do a deal in the first place. This creates incentives for bankers to try to clinch a transaction rather than encourage a better outcome for their client that may not involve a deal.
But it also offers ammunition to Wall Street critics who argue that companies cannot rely on banks for independent advice on whether they should pursue a deal.
"Companies should develop valuations in house and with help from unbiased third-party advisers, whether or not they also hire an investment bank," said Nuno Fernandes, professor of finance at IESE Business School.
Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3ndFzkZ
Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3cgKJ9M
(Reporting by Anirban Sen in Bengaluru and David French in New York; Editing by Greg Roumeliotis and Stephen Coates)
((Anirban.Sen@thomsonreuters.com; (within U.S.+1 646 223 8780; outside U.S. +91 80 6182 3583) Twitter: @asenjourno;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Corporate break-ups are on the rise amid a growing consensus on Wall Street that companies perform best only if they are focused on adjacent business areas, as well as increasing pressure from activist hedge funds pushing them in that direction. For example, GE shareholders were initially supportive of its empire-building acquisitions in businesses as diverse as healthcare, credit cards and entertainment in the 1990s, viewing them as diversifying its earnings stream. "Companies should develop valuations in house and with help from unbiased third-party advisers, whether or not they also hire an investment bank," said Nuno Fernandes, professor of finance at IESE Business School.
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By Anirban Sen and David French Nov 16 (Reuters) - Some of the Wall Street banks that helped General Electric Co GE.N, Toshiba Corp 6502.T and Johnson & Johnson JNJ.N become massive conglomerates through acquisitions over the years are now profiting from their break-ups, a Reuters analysis showed. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs since 2000, making it GE's top adviser based on M&A fees collected, according to Refinitiv. Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3ndFzkZ Top 5 corporate spinoffs over the past decadehttps://tmsnrt.rs/3cgKJ9M (Reporting by Anirban Sen in Bengaluru and David French in New York; Editing by Greg Roumeliotis and Stephen Coates) ((Anirban.Sen@thomsonreuters.com; (within U.S.+1 646 223 8780; outside U.S. +91 80 6182 3583) Twitter: @asenjourno;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While it's not uncommon for an investment bank to advise a company on a spin-off after previously working on the company's acquisitions, the spate of high-profile spin-offs by companies in recent days shines new light on the practice. In the case of GE, Goldman Sachs was one of the banks, alongside Evercore Inc EVR.N, PJT Partners Inc PJT.N and Bank of America Corp BAC.N, that stand to collect tens of millions of dollars from advising on the company's break-up, according to estimates from M&A lawyers and bankers. Goldman Sachs had previously collected nearly $400 million in fees advising the company on acquisitions, divestitures and spin-offs since 2000, making it GE's top adviser based on M&A fees collected, according to Refinitiv.
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Banks have so far earned over $1 billion on spin-offs globally so far this year, nearly twice what they earned in 2020, according to Refinitiv. UBS, which worked on Toshiba's break-up, had collected $12 million in fees, the Refinitiv data showed. Bankers also argue that most companies want to pay bankers for delivering deals rather than advice on whether they need to do a deal in the first place.
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a2e4c138-f205-4d40-b8c8-a2aa90299737
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725911.0
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2021-11-16 00:00:00 UTC
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Unusual Options Activity in Baidu (BIDU), Dell Technologies (DELL), and Luminar Technologies (LAZR)
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DELL
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https://www.nasdaq.com/articles/unusual-options-activity-in-baidu-bidu-dell-technologies-dell-and-luminar-technologies
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nan
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nan
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Unusual Options Activity in Baidu, Inc. (BIDU)
Today, November 16, 2021, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity in Baidu, Inc. (BIDU), which opened at $171.91.
There were 2,000 contracts that were ordered and then cancelled, which is a perfectly nominal occurrence.
The orders were processed again as such:
2,000 contracts traded on the $192.5 strike call option, bought to open at the ask, dated for December 3rd, 2021.
These contracts represent approximately 200,000 shares and $364,000 in premium traded.
Seen above are the noteworthy options orders in Baidu, Inc. from the Unusual Whales Flow.
These orders come after Baidu, Inc. reported its Q3 earnings.
The charts above represent Baidu, Inc.’s option flow data with regards to premiums greater than $30,000.
66.1% of the premium traded at these premium levels are in bullish bets, with 71.3% as ask-side orders, and 94.7% are in call premiums.
The charts above represent Baidu, Inc.’s chain breakdowns by expiration, on the left, and strike, on the right.
The primary bullish strike traded is the $192.5 strike option chain; however, the most premium traded is on the $170 strike, in which bearish trades are ahead as compared to bullish, with approximately $1,012,161 bearish to $868,020 bullish premium traded.
To view more information about BIDU's daily flow breakdown, click here to visit unusualwhales.com.
Unusual Options Activity in Dell Technologies Inc. (DELL)
Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Dell Technologies Inc. (DELL), which opened today at $56.75.
There were 4,000 contracts traded on the $57.5 strike call option, dated for November 19th, 2021, bought at the ask.
Additionally, there were another 4,000 contracts traded on the $60 strike call option dated for December 17th, 2021, sold at the bid; however, the volume on these contracts was not greater than their open interest, so it cannot be ascertained whether these were opened or closed today.
These contracts represent approximately 800,000 shares and $636,000 in premium traded.
Seen above are the noteworthy options orders in Dell Technologies Inc. from the Unusual Whales Flow.
These orders come prior to Dell Technologies Inc. reports its earnings on November 23rd, 2021 after the market closes.
The chart above represents the profit and loss of the aforementioned strategy in Dell Technologies Inc. from the Unusual Whales options profit calculator.
It cannot be ascertained if the short side calls on the $60 strike were in fact sold to open, but if they were, this is how the strategy would be visualized prior to the short side expiration, on November 18th, 2021.
To view more information about DELL's flow breakdown, click here to visit unusualwhales.com.
Unusual Options Activity in Luminar Technologies, Inc. (LAZR)
Finally, and in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Luminar Technologies, Inc. (LAZR), which opened at $21.48.
There were two separate orders of 2,500 on each leg traded on the:
$18 strike put option, bought to open at the ask, dated for November 26th, 2021.
$20 strike put option, sold to open at the bid, for the same date.
These orders, if they were indeed traded as part of a strategy, represent a put debit spread, approximately 1,000,000 shares and $609,000 in premium traded.
Seen above are the noteworthy options orders in Luminar Technologies, Inc. from the Unusual Whales Flow.
It is worth noting that additional orders could have been traded as a part of a greater strategy in addition to the two legs reported above.
Furthermore, these orders come after Luminar Technologies, Inc. positive reports of its Q3 earnings report.
The charts above represent Luminar Technologies, Inc.’s option flow data with regards to premiums greater than $30,000.
74.1% of the premium traded at these premium levels are in bullish bets, with 56.8% as bid-side orders, and 63.7% are in put premiums.
To view more information about LAZR's flow breakdown, click here to visit unusualwhales.com.
For further information on the unusual options activity of BIDU, DELL, and LAZR visit unusualwhales.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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Unusual Options Activity in Dell Technologies Inc. (DELL) Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Dell Technologies Inc. (DELL), which opened today at $56.75. Seen above are the noteworthy options orders in Dell Technologies Inc. from the Unusual Whales Flow. These orders come prior to Dell Technologies Inc. reports its earnings on November 23rd, 2021 after the market closes.
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Unusual Options Activity in Dell Technologies Inc. (DELL) Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Dell Technologies Inc. (DELL), which opened today at $56.75. Seen above are the noteworthy options orders in Dell Technologies Inc. from the Unusual Whales Flow. These orders come prior to Dell Technologies Inc. reports its earnings on November 23rd, 2021 after the market closes.
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Unusual Options Activity in Dell Technologies Inc. (DELL) Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Dell Technologies Inc. (DELL), which opened today at $56.75. Seen above are the noteworthy options orders in Dell Technologies Inc. from the Unusual Whales Flow. These orders come prior to Dell Technologies Inc. reports its earnings on November 23rd, 2021 after the market closes.
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Unusual Options Activity in Dell Technologies Inc. (DELL) Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Dell Technologies Inc. (DELL), which opened today at $56.75. Seen above are the noteworthy options orders in Dell Technologies Inc. from the Unusual Whales Flow. These orders come prior to Dell Technologies Inc. reports its earnings on November 23rd, 2021 after the market closes.
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7252084b-eeff-409b-aa1c-057eb94855ad
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725912.0
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2021-11-09 00:00:00 UTC
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New REIT Alert: This Data Center Operator Is Making the Switch
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DELL
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https://www.nasdaq.com/articles/new-reit-alert%3A-this-data-center-operator-is-making-the-switch
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nan
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nan
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Data center operator Switch (NYSE: SWCH) recently announced plans to convert into a real estate investment trust (REIT). That move has big implications for the company and the data center REIT sector.
The 411 on Switch
Switch operates premier data centers designed by founder and CEO Rob Roy. He has developed more than 750 patents covering data center designs.
The company currently operates six campus locations around the country, organized into the five Switch Primes. They currently operate 16 data centers with 5 million square feet of space leased to more than 1,300 customers. Switch also has enough room to build an additional 11 million square feet of space across its campuses.
Image source: Getty Images.
Switch has primarily grown through development. It built four of its five Switch Primes from the ground up. The company launched its fifth Prime earlier this year in Texas by acquiring Data Foundry for $420 million. Data Foundry owned data centers in Austin and Houston. It subsequently bought land from Dell Technologies, where Switch will build a new data center next to Dell's global headquarters.
Its steady expansion has enabled it to grow its revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at a 14% compound annual rate over the last five years. Also of note, Switch has excellent ESG characteristics, including sourcing 100% of the power for its data centers from renewable energy.
Why the data center operator is making the Switch
Switch announced in August that it was exploring the potential of converting to a REIT. The main driver was the company's desire to enhance shareholder value after its stock underperformed data REITs in recent years. That caught the eye of activist investor Elliott Investment Management, which concluded the market had undervalued Switch. That led it to invest in the company and work collaboratively to find ways to unlock shareholder value, including exploring a REIT conversion.
Switch decided earlier this month that converting to a REIT was the right move. It's aiming to complete that conversion on Jan. 1, 2023. That will give the company time to determine which assets qualify as a REIT and set up a taxable REIT subsidiary for the rest.
A new option in an evolving sector
Switch will join a data center REIT sector in transition. There were five REITs focused on operating data centers to start this year. However, private equity giant Blackstone Group (NYSE: BX) recently took QTS Realty Trust private in a $10 billion deal. Meanwhile, rumors are currently swirling around CyrusOne (NASDAQ: CONE). That company's CEO recently left, and multiple news sources reported that it's exploring strategic alternatives, including a potential sale. Analysts believe it's only a matter of time before CyrusOne agrees to a deal, since they've heard it has received several compelling offers.
If CyrusOne agrees to a takeover deal, investors would have one less data center REIT option. The three remaining include data center giants Equinix (NASDAQ: EQIX) and Digital Realty Trust (NYSE: DLR), along with smaller REIT CoreSite Realty (NYSE: COR). Switch would provide investors an alternative to this trio, as it's a smaller, faster-growing REIT.
An interesting future REIT
Switch operates a premium data center business that has been growing at a healthy clip for years. However, the market hasn't given it enough credit for that value creation or its future growth potential. That's leading it to make the switch to a REIT. This entry will give REIT investors an attractive new option to consider.
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Matthew DiLallo owns shares of CyrusOne, Digital Realty Trust, Equinix, and Switch. The Motley Fool owns shares of and recommends CyrusOne, Digital Realty Trust, Equinix, and Switch. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It subsequently bought land from Dell Technologies, where Switch will build a new data center next to Dell's global headquarters. Data center operator Switch (NYSE: SWCH) recently announced plans to convert into a real estate investment trust (REIT). Its steady expansion has enabled it to grow its revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at a 14% compound annual rate over the last five years.
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It subsequently bought land from Dell Technologies, where Switch will build a new data center next to Dell's global headquarters. The three remaining include data center giants Equinix (NASDAQ: EQIX) and Digital Realty Trust (NYSE: DLR), along with smaller REIT CoreSite Realty (NYSE: COR). See the 10 stocks *Stock Advisor returns as of October 20, 2021 Matthew DiLallo owns shares of CyrusOne, Digital Realty Trust, Equinix, and Switch.
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It subsequently bought land from Dell Technologies, where Switch will build a new data center next to Dell's global headquarters. Data center operator Switch (NYSE: SWCH) recently announced plans to convert into a real estate investment trust (REIT). The 411 on Switch Switch operates premier data centers designed by founder and CEO Rob Roy.
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It subsequently bought land from Dell Technologies, where Switch will build a new data center next to Dell's global headquarters. The company launched its fifth Prime earlier this year in Texas by acquiring Data Foundry for $420 million. Why the data center operator is making the Switch Switch announced in August that it was exploring the potential of converting to a REIT.
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5eaeb39b-0f0d-47be-b1cb-546bce820bad
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725913.0
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2021-11-09 00:00:00 UTC
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Nvidia doubles down on software tools for crafting virtual worlds
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DELL
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https://www.nasdaq.com/articles/nvidia-doubles-down-on-software-tools-for-crafting-virtual-worlds
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nan
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nan
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By Stephen Nellis
Nov 9 (Reuters) - Nvidia Corp NVDA.O on Tuesday released a set of tools for software developers aimed at helping them create a "metaverse" of three-dimensional virtual worlds - and use a lot more computing power from Nvidia's chips in the process.
At the Santa Clara, California, company's annual technology conference, Nvidia released Omniverse Enterprise, which will start at $9,000 per year and be sold by partners such as Dell Technologies DELL.N and Lenovo Group Ltd 0992.HK, which build powerful computing systems with Nvidia chips for corporate customers.
The Omniverse tools help various apps used to create three-dimensional worlds, such as software from Adobe Inc ADBE.O, work better together while running on chips made by Nvidia.
In an interview with Reuters, Richard Kerris, vice president of the Omniverse platform at Nvidia, called it "the plumbing of the virtual worlds. That's what we've built. And that's what we're building with all of these partners."
But right now, most of those worlds are far from fruition and the tools are mostly being used by businesses.
Kerris told Reuters that Nvidia worked with more than 700 companies to test and develop the software, including firms like telecommunications equipment maker Ericsson ERICb.ST, which used the software to create a "digital twin" of a city that it used to test cell phone signal coverage before rolling out physical trucks to install real-world antennas.
Earlier this month, Wells Fargo analyst Aaron Rakers wrote that software and other tools for creating virtual worlds could be a $10 billion market opportunity for Nvidia over the next five years - especially as firms like Meta Platforms Inc FB.O, the firm formerly known as Facebook, entice people to spend more time in what it calls the metaverse.
Nvidia's stock market value has surged $191 billion since Facebook's capital expenditure announcement on Oct. 25, a two-week gain that is nearly as large as rival Intel's entire market capitalization of $209 billion.
(Reporting by Stephen Nellis in San Francisco; Editing by Dan Grebler)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the Santa Clara, California, company's annual technology conference, Nvidia released Omniverse Enterprise, which will start at $9,000 per year and be sold by partners such as Dell Technologies DELL.N and Lenovo Group Ltd 0992.HK, which build powerful computing systems with Nvidia chips for corporate customers. The Omniverse tools help various apps used to create three-dimensional worlds, such as software from Adobe Inc ADBE.O, work better together while running on chips made by Nvidia. In an interview with Reuters, Richard Kerris, vice president of the Omniverse platform at Nvidia, called it "the plumbing of the virtual worlds.
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At the Santa Clara, California, company's annual technology conference, Nvidia released Omniverse Enterprise, which will start at $9,000 per year and be sold by partners such as Dell Technologies DELL.N and Lenovo Group Ltd 0992.HK, which build powerful computing systems with Nvidia chips for corporate customers. By Stephen Nellis Nov 9 (Reuters) - Nvidia Corp NVDA.O on Tuesday released a set of tools for software developers aimed at helping them create a "metaverse" of three-dimensional virtual worlds - and use a lot more computing power from Nvidia's chips in the process. Kerris told Reuters that Nvidia worked with more than 700 companies to test and develop the software, including firms like telecommunications equipment maker Ericsson ERICb.ST, which used the software to create a "digital twin" of a city that it used to test cell phone signal coverage before rolling out physical trucks to install real-world antennas.
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At the Santa Clara, California, company's annual technology conference, Nvidia released Omniverse Enterprise, which will start at $9,000 per year and be sold by partners such as Dell Technologies DELL.N and Lenovo Group Ltd 0992.HK, which build powerful computing systems with Nvidia chips for corporate customers. By Stephen Nellis Nov 9 (Reuters) - Nvidia Corp NVDA.O on Tuesday released a set of tools for software developers aimed at helping them create a "metaverse" of three-dimensional virtual worlds - and use a lot more computing power from Nvidia's chips in the process. Earlier this month, Wells Fargo analyst Aaron Rakers wrote that software and other tools for creating virtual worlds could be a $10 billion market opportunity for Nvidia over the next five years - especially as firms like Meta Platforms Inc FB.O, the firm formerly known as Facebook, entice people to spend more time in what it calls the metaverse.
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At the Santa Clara, California, company's annual technology conference, Nvidia released Omniverse Enterprise, which will start at $9,000 per year and be sold by partners such as Dell Technologies DELL.N and Lenovo Group Ltd 0992.HK, which build powerful computing systems with Nvidia chips for corporate customers. By Stephen Nellis Nov 9 (Reuters) - Nvidia Corp NVDA.O on Tuesday released a set of tools for software developers aimed at helping them create a "metaverse" of three-dimensional virtual worlds - and use a lot more computing power from Nvidia's chips in the process. Earlier this month, Wells Fargo analyst Aaron Rakers wrote that software and other tools for creating virtual worlds could be a $10 billion market opportunity for Nvidia over the next five years - especially as firms like Meta Platforms Inc FB.O, the firm formerly known as Facebook, entice people to spend more time in what it calls the metaverse.
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8d0e6162-9150-4598-a4af-d2a8a6681c08
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725914.0
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2021-11-04 00:00:00 UTC
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Why Corsair Is the High-End Gaming Stock to Hold
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DELL
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https://www.nasdaq.com/articles/why-corsair-is-the-high-end-gaming-stock-to-hold-2021-11-04
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Corsair (NASDAQ:CRSR) has some two tough headwinds to overcome. First, CRSR stock is a former meme stock carried on a ride by Reddit’s WallStreetBets earlier this year. At the time though, Corsair had strong fundamentals to justify the rally. For much of the year, Corsair has lost momentum.
CRSR) logo on a light up keyboard." width="300" height="169">
Source: WDphotography / Shutterstock.com
Corsair staged one more meme-induced rally in June by trading as high as $43 intra-day.
Corsair is also current experiencing a supply shortage, it’s second headwind to deal with. The company warned investors in mid-Oct about the challenges it must work through.
Dim Outlook for CRSR Stock
Corsair’s Chief Executive Officer, Andy Paul, issued a preliminary Q3 report and updated its outlook. On Oct. 14, Corsair highlighted its exceptional results from 2020. It said that it sees 2021 as a strong growth year. Corsair will build on the acceleration of gamers and streamers buying gear for the first time.
The CEO hinted that the stock priced in years of strong growth expectations before its initial public offering in 2020. For the rest of 2021, net revenue is constrained by global logistics and supply chain issues. Paul said the “lack of affordable GPUs in the retail channel” is hurting its business.
7 Dividend Aristocrat Stocks That Should Grace Your Portfolio
Corsair is not alone in issuing a weak outlook. On Oct. 25, Logitech International (NASDAQ:LOGI) posted quarterly results that sent its stock down into the low $80s. At its height, LOGI stock traded at $140.17. Logitech posted revenue growing by just 4% Y/Y.
Logitech also posted an adjusted gross margin decline, from 45.7% to 42%Y/Y, which should concern Corsair investors. Logitech spent more on promotions, had higher logistical rates, product costs and increased inventory reserves.
Premium Gaming Strength
Logitech offers middle to high-end peripherals for computer users, especially corporate ones. Corsair’s product line more niche with higher-end products. It caters to the PC gaming market. Its headsets, mice, keyboards and other peripherals are top-end products that command a high price.
Corsair extended its product strength in performance and speed by introducing DDR5 memory on Oct. 27. Gamers often choose the Corsair brand first. Since the latest computer specifications will need DDR5, Corsair’s Dominator Platinum and Vengeance DDR5 memory should lift revenue.
The gaming company’s partnership with Snap (NYSE:SNAP), through Corsair’s Elgato unit, will bring augmented reality to the PC and Mac. Elgato is a provider of hardware and software for content creators and streamers. The two firms will bring AR Snap Lenses for the EpocCam app.
To sustain its lead over other gaming PC suppliers, Corsair partnered with Ubisoft (OTCMKTS:UBSFY). The company wrote, “PC players will be able to experience Far Cry® 6’s action beyond the screen through their CORSAIR iCUE software-compatible components and peripherals.” Corsair’s peripherals are immersive with game titles. Deals like this will widen its lead from firms like Razor or Alienware.
Valuation
Bears have a big bet against CRSR stock. The short float is around 13%. This negative view is dangerous. Valuations are low: the price-to-sales ratio is only around 1.35 times. Still, mid-tier PC supplier Dell (NYSE:DELL) trades at around 0.9 times sales. HP Inc. (NYSE:HPQ) trades at a P/S of 0.6 times. HPQ stock bounced from the $26 low last month and still trades at valuations below that of CRSR stock.
Click to Enlarge
Source: Data courtesy of Stockrover
On Wall Street, the price range target is $26.00-$40.00 (according to Tipranks). According to Stockrover, CRSR stock has a mixed quant score. It is a quality stock with a high return on invested capital. But its value score is lower than that of DELL and HPQ stock. Corsair will likely sustain a higher valuation because it sells top-end gaming gear and computers.
Risks
Corsair’s meme status hurt the mid-term prospects of the stock. Speculators who overpaid for shares will sell the stock the moment it rallies again. Bearish short float is unusually high, too.
The Covid pandemic is getting closer to an end. Vaccinations are so far proving to protect people against the deadly delta variant. People who spent over 18 months mostly at home may want to go outside more often. This would cut back on time spent playing games or watching players stream games online.
Your Takeaway
Corsair offers investors the occasional rally for a modest return, but he short-term prospects are cloudy. In the next twelve months, shares may struggle. As the company works past logistical issues and supply constraints, the stock will rebound.
Corsair offers investors a good balance of growth and value in the computer hardware gaming space.
On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns.
The post Why Corsair Is the High-End Gaming Stock to Hold 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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Still, mid-tier PC supplier Dell (NYSE:DELL) trades at around 0.9 times sales. But its value score is lower than that of DELL and HPQ stock. The CEO hinted that the stock priced in years of strong growth expectations before its initial public offering in 2020.
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Still, mid-tier PC supplier Dell (NYSE:DELL) trades at around 0.9 times sales. But its value score is lower than that of DELL and HPQ stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Corsair (NASDAQ:CRSR) has some two tough headwinds to overcome.
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Still, mid-tier PC supplier Dell (NYSE:DELL) trades at around 0.9 times sales. But its value score is lower than that of DELL and HPQ stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Corsair (NASDAQ:CRSR) has some two tough headwinds to overcome.
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Still, mid-tier PC supplier Dell (NYSE:DELL) trades at around 0.9 times sales. But its value score is lower than that of DELL and HPQ stock. On Oct. 25, Logitech International (NASDAQ:LOGI) posted quarterly results that sent its stock down into the low $80s.
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e33fcc5a-ac6a-461d-9e11-633ba45292a5
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725915.0
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2021-11-03 00:00:00 UTC
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Validea Joel Greenblatt Strategy Daily Upgrade Report - 11/3/2021
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DELL
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https://www.nasdaq.com/articles/validea-joel-greenblatt-strategy-daily-upgrade-report-11-3-2021-2021-11-03
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nan
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nan
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The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
UNIQURE NV (QURE) is a small-cap value stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Joel Greenblatt changed from 0% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Uniqure NV is a company based in the Netherlands specialized in gene therapy. It seeks to develop one-time administered treatments with potentially curative results for patients suffering from genetic and other devastating diseases. It develops, both internally and through partnerships, a pipeline of gene therapies. It produces adeno-associated virus based, or AAV-based, gene therapies in its own facilities with a proprietary, commercial-scale, current good manufacturing practices, compliant, manufacturing process. AMT-061, the Company's lead product candidate for patients with hemophilia B, is going through a dosing phase of a pivotal study. AMT-130, the product candidate for patients with Huntington's disease is in Phase I/II clinical study.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of UNIQURE NV
Full Guru Analysis for QURE
Full Factor Report for QURE
DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt changed from 50% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dell Technologies Inc. is a provider of information technology solutions. The Company operates through segments, such as Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). The ISG segment enables the digital transformation of its customers through its multi-cloud and big data solutions, which are built upon a data center infrastructure. ISG solutions are built for multi-cloud environments and are enhanced to run cloud native workloads in both public and private clouds, as well as traditional on-premise workloads. The CSG segment includes hardware and peripherals, as well as third-party software and peripherals. CSG also offers attached software, peripherals, and services, including support and deployment, configuration, and extended warranty services. Its other businesses consist of product and service including Secureworks, Virtustream, and Boomi.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
Full Guru Analysis for DELL
Full Factor Report for DELL
GENERAL MILLS, INC. (GIS) is a large-cap growth stock in the Food Processing industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: General Mills, Inc., is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It also manufactures and markets natural pet food. The Company's segments include North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. The Company offers a range of food products with a focus on categories, including snacks, including grain, fruit and savory snacks, nutrition bars, and frozen hot snacks; ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; yogurt; wholesome natural pet food; super-premium ice cream; baking mixes and ingredients, and refrigerated and frozen dough.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of GENERAL MILLS, INC.
Full Guru Analysis for GIS
Full Factor Report for GIS
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of UNIQURE NV Full Guru Analysis for QURE Full Factor Report for QURE DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions. Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL GENERAL MILLS, INC. (GIS) is a large-cap growth stock in the Food Processing industry.
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Detailed Analysis of UNIQURE NV Full Guru Analysis for QURE Full Factor Report for QURE DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry. Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL GENERAL MILLS, INC. (GIS) is a large-cap growth stock in the Food Processing industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions.
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Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL GENERAL MILLS, INC. (GIS) is a large-cap growth stock in the Food Processing industry. Detailed Analysis of UNIQURE NV Full Guru Analysis for QURE Full Factor Report for QURE DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions.
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Detailed Analysis of UNIQURE NV Full Guru Analysis for QURE Full Factor Report for QURE DELL TECHNOLOGIES INC (DELL) is a large-cap value stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions. Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL GENERAL MILLS, INC. (GIS) is a large-cap growth stock in the Food Processing industry.
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88c39531-0c4e-428f-a689-bd5ede6a5b39
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725916.0
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2021-11-02 00:00:00 UTC
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Why Dell Stock Got Cut in Half Today
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DELL
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https://www.nasdaq.com/articles/why-dell-stock-got-cut-in-half-today-2021-11-02
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nan
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nan
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What happened
If you haven't been paying close attention to Dell Technologies (NYSE: DELL) stock lately, you may have woken up to a shock today. At a share price of $55.12 as of 10:45 a.m. EDT, Dell shares seem to have been cut in half overnight, after closing at $111.51 per share Monday evening.
But be not afraid. That's not (really) what happened at all.
Image source: Getty Images.
So what
Instead, what happened is that yesterday after close of trading, Dell completed the spinoff of its 81% stake in VMware (NYSE: VMW), effectively dividing the company into two stand-alone companies and distributing a total of 310.9 million shares of VMware (and a boatload of cash) among Dell shareholders.
As Dell explained in a press release Friday, each Dell shareholder today still owns the shares of Dell they owned before the spinoff -- albeit at a drastically lower stock price. In addition, each shareholder has been issued 0.44 share of VMware common stock, per each one share of Dell they own, as a special dividend.
Also, in the event this distribution would have resulted in a shareholder owning any fractional shares of VMware (for example, if you only owned one or two shares of Dell before the spinoff, and would have received less than one full VMware as a dividend), that shareholder has now been paid the cash equivalent of the value of the VMware fractional share instead.
Result: Your shares of Dell may be worth less today, but only because you now own shares of VMware (and/or got paid in cash), too.
Now what
Which brings us to today. After the spinoff, an owner of Dell stock worth a bit more than $111 last night instead owns shares of Dell worth just over $55 apiece -- and down about 2.4% from what those shares would have cost had they already been split off last night. On the bright side, that shareholder also holds shares of VMware worth a bit less than $129 each -- up about 2.5% from their imputed closing price last night -- and maybe a bit of cash besides.
You win some, you lose some.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends VMware. 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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So what Instead, what happened is that yesterday after close of trading, Dell completed the spinoff of its 81% stake in VMware (NYSE: VMW), effectively dividing the company into two stand-alone companies and distributing a total of 310.9 million shares of VMware (and a boatload of cash) among Dell shareholders. * 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! What happened If you haven't been paying close attention to Dell Technologies (NYSE: DELL) stock lately, you may have woken up to a shock today.
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What happened If you haven't been paying close attention to Dell Technologies (NYSE: DELL) stock lately, you may have woken up to a shock today. As Dell explained in a press release Friday, each Dell shareholder today still owns the shares of Dell they owned before the spinoff -- albeit at a drastically lower stock price. After the spinoff, an owner of Dell stock worth a bit more than $111 last night instead owns shares of Dell worth just over $55 apiece -- and down about 2.4% from what those shares would have cost had they already been split off last night.
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As Dell explained in a press release Friday, each Dell shareholder today still owns the shares of Dell they owned before the spinoff -- albeit at a drastically lower stock price. Also, in the event this distribution would have resulted in a shareholder owning any fractional shares of VMware (for example, if you only owned one or two shares of Dell before the spinoff, and would have received less than one full VMware as a dividend), that shareholder has now been paid the cash equivalent of the value of the VMware fractional share instead. After the spinoff, an owner of Dell stock worth a bit more than $111 last night instead owns shares of Dell worth just over $55 apiece -- and down about 2.4% from what those shares would have cost had they already been split off last night.
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What happened If you haven't been paying close attention to Dell Technologies (NYSE: DELL) stock lately, you may have woken up to a shock today. Also, in the event this distribution would have resulted in a shareholder owning any fractional shares of VMware (for example, if you only owned one or two shares of Dell before the spinoff, and would have received less than one full VMware as a dividend), that shareholder has now been paid the cash equivalent of the value of the VMware fractional share instead. Result: Your shares of Dell may be worth less today, but only because you now own shares of VMware (and/or got paid in cash), too.
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b89a3833-d8ce-48d8-8ad2-7f6848c5a656
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725917.0
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2021-11-02 00:00:00 UTC
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Pre-market Movers: BAOS, BBLG, DELL, NXTD, CHGG…
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DELL
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https://www.nasdaq.com/articles/pre-market-movers%3A-baos-bblg-dell-nxtd-chgg...-2021-11-02
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.55 A.M. EDT).
In the Green
Baosheng Media Group Holdings Limited (BAOS) is up over 122% at $3.50
Bone Biologics Corporation (BBLG) is up over 52% at $8.38
Nxt-ID, Inc. (NXTD) is up over 35% at $5.95
SAB Biotherapeutics, Inc. (SABS) is up over 26% at $10.64
Corbus Pharmaceuticals Holdings, Inc. (CRBP) is up over 22% at $1.26
Puhui Wealth Investment Management Co., Ltd. (PHCF) is up over 17% at $2.45
Spartacus Acquisition Corporation (NN) is up over 14% at $14.63
CorMedix Inc. (CRMD) is up over 11% at $6.18
Oxbridge Re Holdings Limited (OXBR) is up over 11% at $3.85
ION Geophysical Corporation (IO) is up over 10% at $2.84
Biophytis SA (BPTS) is up over 9% at $6.55
Code Chain New Continent Limited (CCNC) is up over 7% at $1.76
In the Red
Dell Technologies Inc. (DELL) is down over 48% at $57.34
Chegg, Inc. (CHGG) is down over 31% at $42.88
Triterras, Inc. (TRIT) is down over 17% at $6.20
Muscle Maker, Inc. (GRIL) is down over 17% at $1.38
Cipher Mining Inc. (CIFR) is down over 12% at $8.60
ABVC BioPharma, Inc. (ABVC) is down over 12% at $5.30
Mountain Crest Acquisition Corp. II (BTTX) is down over 11% at $15.16
Phunware, Inc. (PHUN) is down over 4% at $3.64
The views and 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 Green Baosheng Media Group Holdings Limited (BAOS) is up over 122% at $3.50 Bone Biologics Corporation (BBLG) is up over 52% at $8.38 Nxt-ID, Inc. (NXTD) is up over 35% at $5.95 SAB Biotherapeutics, Inc. (SABS) is up over 26% at $10.64 Corbus Pharmaceuticals Holdings, Inc. (CRBP) is up over 22% at $1.26 Puhui Wealth Investment Management Co., Ltd. (PHCF) is up over 17% at $2.45 Spartacus Acquisition Corporation (NN) is up over 14% at $14.63 CorMedix Inc. (CRMD) is up over 11% at $6.18 Oxbridge Re Holdings Limited (OXBR) is up over 11% at $3.85 ION Geophysical Corporation (IO) is up over 10% at $2.84 Biophytis SA (BPTS) is up over 9% at $6.55 Code Chain New Continent Limited (CCNC) is up over 7% at $1.76 In the Red Dell Technologies Inc. (DELL) is down over 48% at $57.34 Chegg, Inc. (CHGG) is down over 31% at $42.88 Triterras, Inc. (TRIT) is down over 17% at $6.20 Muscle Maker, Inc. (GRIL) is down over 17% at $1.38 Cipher Mining Inc. (CIFR) is down over 12% at $8.60 ABVC BioPharma, Inc. (ABVC) is down over 12% at $5.30 Mountain Crest Acquisition Corp. II (BTTX) is down over 11% at $15.16 Phunware, Inc. (PHUN) is down over 4% at $3.64 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.55 A.M. EDT).
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In the Green Baosheng Media Group Holdings Limited (BAOS) is up over 122% at $3.50 Bone Biologics Corporation (BBLG) is up over 52% at $8.38 Nxt-ID, Inc. (NXTD) is up over 35% at $5.95 SAB Biotherapeutics, Inc. (SABS) is up over 26% at $10.64 Corbus Pharmaceuticals Holdings, Inc. (CRBP) is up over 22% at $1.26 Puhui Wealth Investment Management Co., Ltd. (PHCF) is up over 17% at $2.45 Spartacus Acquisition Corporation (NN) is up over 14% at $14.63 CorMedix Inc. (CRMD) is up over 11% at $6.18 Oxbridge Re Holdings Limited (OXBR) is up over 11% at $3.85 ION Geophysical Corporation (IO) is up over 10% at $2.84 Biophytis SA (BPTS) is up over 9% at $6.55 Code Chain New Continent Limited (CCNC) is up over 7% at $1.76 In the Red Dell Technologies Inc. (DELL) is down over 48% at $57.34 Chegg, Inc. (CHGG) is down over 31% at $42.88 Triterras, Inc. (TRIT) is down over 17% at $6.20 Muscle Maker, Inc. (GRIL) is down over 17% at $1.38 Cipher Mining Inc. (CIFR) is down over 12% at $8.60 ABVC BioPharma, Inc. (ABVC) is down over 12% at $5.30 Mountain Crest Acquisition Corp. II (BTTX) is down over 11% at $15.16 Phunware, Inc. (PHUN) is down over 4% at $3.64 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.55 A.M. EDT).
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In the Green Baosheng Media Group Holdings Limited (BAOS) is up over 122% at $3.50 Bone Biologics Corporation (BBLG) is up over 52% at $8.38 Nxt-ID, Inc. (NXTD) is up over 35% at $5.95 SAB Biotherapeutics, Inc. (SABS) is up over 26% at $10.64 Corbus Pharmaceuticals Holdings, Inc. (CRBP) is up over 22% at $1.26 Puhui Wealth Investment Management Co., Ltd. (PHCF) is up over 17% at $2.45 Spartacus Acquisition Corporation (NN) is up over 14% at $14.63 CorMedix Inc. (CRMD) is up over 11% at $6.18 Oxbridge Re Holdings Limited (OXBR) is up over 11% at $3.85 ION Geophysical Corporation (IO) is up over 10% at $2.84 Biophytis SA (BPTS) is up over 9% at $6.55 Code Chain New Continent Limited (CCNC) is up over 7% at $1.76 In the Red Dell Technologies Inc. (DELL) is down over 48% at $57.34 Chegg, Inc. (CHGG) is down over 31% at $42.88 Triterras, Inc. (TRIT) is down over 17% at $6.20 Muscle Maker, Inc. (GRIL) is down over 17% at $1.38 Cipher Mining Inc. (CIFR) is down over 12% at $8.60 ABVC BioPharma, Inc. (ABVC) is down over 12% at $5.30 Mountain Crest Acquisition Corp. II (BTTX) is down over 11% at $15.16 Phunware, Inc. (PHUN) is down over 4% at $3.64 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.55 A.M. EDT).
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In the Green Baosheng Media Group Holdings Limited (BAOS) is up over 122% at $3.50 Bone Biologics Corporation (BBLG) is up over 52% at $8.38 Nxt-ID, Inc. (NXTD) is up over 35% at $5.95 SAB Biotherapeutics, Inc. (SABS) is up over 26% at $10.64 Corbus Pharmaceuticals Holdings, Inc. (CRBP) is up over 22% at $1.26 Puhui Wealth Investment Management Co., Ltd. (PHCF) is up over 17% at $2.45 Spartacus Acquisition Corporation (NN) is up over 14% at $14.63 CorMedix Inc. (CRMD) is up over 11% at $6.18 Oxbridge Re Holdings Limited (OXBR) is up over 11% at $3.85 ION Geophysical Corporation (IO) is up over 10% at $2.84 Biophytis SA (BPTS) is up over 9% at $6.55 Code Chain New Continent Limited (CCNC) is up over 7% at $1.76 In the Red Dell Technologies Inc. (DELL) is down over 48% at $57.34 Chegg, Inc. (CHGG) is down over 31% at $42.88 Triterras, Inc. (TRIT) is down over 17% at $6.20 Muscle Maker, Inc. (GRIL) is down over 17% at $1.38 Cipher Mining Inc. (CIFR) is down over 12% at $8.60 ABVC BioPharma, Inc. (ABVC) is down over 12% at $5.30 Mountain Crest Acquisition Corp. II (BTTX) is down over 11% at $15.16 Phunware, Inc. (PHUN) is down over 4% at $3.64 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.55 A.M. EDT).
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37af9a60-274e-453e-86ab-73f4398036cd
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725918.0
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2021-11-01 00:00:00 UTC
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After Dell spinout, VMware CEO looks to cloud partnerships and M&A
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DELL
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https://www.nasdaq.com/articles/after-dell-spinout-vmware-ceo-looks-to-cloud-partnerships-and-ma-2021-11-01
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nan
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nan
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By Stephen Nellis
Nov 1 (Reuters) - Newly independent VMware Inc VMW.N will look to pursue deeper deals with cloud computing providers and consider "large scale" acquisitions that could help the company grow, Chief Executive Raghu Raghuram told Reuters.
VMware on Monday completed its spinout from Dell Technologies Inc DELL.N, which owned 81% of the Palo Alto, California-based software firm, to become a separate publicly traded company worth about $64 billion.
Founded in 1998, VMware led a major change in how big companies used their data centers with technology that let data center owners slice up physical computers into "virtual" machines that could be quickly scaled up or down for the task at hand to get more work done. VMware became a mainstay in corporate data centers.
But as big companies began to move computing work to cloud providers such as Amazon.com's AMZN.O Amazon Web Services, some analysts predicted VMware's usefulness would decline.
Instead, many large businesses are opting to use a combination of their own data centers and one or more cloud providers, which has in turn spurred several cloud providers to strike partnerships with VMware for better access to its customer base.
Raghuram said now that VMware is not under Dell's umbrella, he wants to aggressively pursue more of those deals.
"This truly allows us to go out and be the Switzerland of the industry," he said.
VMware will also look to use its shares as a currency for buying other companies to add technologies to its offerings.
"We are not a controlled entity any more. This allows us to use equity to do large-scale transactions down the road," he said. "Small, hot startups or reasonably valued big companies - it gives us access to the full spectrum."
Under the spinout, Dell and other shareholders will receive a special dividend of about $27.40 per share, or about $11.5 billion, which Dell has said it plans to use to help pay down debt.
(Reporting by Stephen Nellis in San Francsico; editing by Richard Pullin)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VMware on Monday completed its spinout from Dell Technologies Inc DELL.N, which owned 81% of the Palo Alto, California-based software firm, to become a separate publicly traded company worth about $64 billion. Raghuram said now that VMware is not under Dell's umbrella, he wants to aggressively pursue more of those deals. Under the spinout, Dell and other shareholders will receive a special dividend of about $27.40 per share, or about $11.5 billion, which Dell has said it plans to use to help pay down debt.
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VMware on Monday completed its spinout from Dell Technologies Inc DELL.N, which owned 81% of the Palo Alto, California-based software firm, to become a separate publicly traded company worth about $64 billion. Raghuram said now that VMware is not under Dell's umbrella, he wants to aggressively pursue more of those deals. Under the spinout, Dell and other shareholders will receive a special dividend of about $27.40 per share, or about $11.5 billion, which Dell has said it plans to use to help pay down debt.
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VMware on Monday completed its spinout from Dell Technologies Inc DELL.N, which owned 81% of the Palo Alto, California-based software firm, to become a separate publicly traded company worth about $64 billion. Raghuram said now that VMware is not under Dell's umbrella, he wants to aggressively pursue more of those deals. Under the spinout, Dell and other shareholders will receive a special dividend of about $27.40 per share, or about $11.5 billion, which Dell has said it plans to use to help pay down debt.
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Under the spinout, Dell and other shareholders will receive a special dividend of about $27.40 per share, or about $11.5 billion, which Dell has said it plans to use to help pay down debt. VMware on Monday completed its spinout from Dell Technologies Inc DELL.N, which owned 81% of the Palo Alto, California-based software firm, to become a separate publicly traded company worth about $64 billion. Raghuram said now that VMware is not under Dell's umbrella, he wants to aggressively pursue more of those deals.
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f4faf417-9565-492a-b109-86ff9bdee425
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725919.0
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2021-10-29 00:00:00 UTC
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What Is Dell Technologies Inc.'s (NYSE:DELL) Share Price Doing?
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DELL
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https://www.nasdaq.com/articles/what-is-dell-technologies-inc.s-nyse%3Adell-share-price-doing-2021-10-29
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nan
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nan
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Let's talk about the popular Dell Technologies Inc. (NYSE:DELL). The company's shares saw a decent share price growth in the teens level on the NYSE over the last few months. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at Dell Technologies’s outlook and value based on the most recent financial data to see if the opportunity still exists.
What's the opportunity in Dell Technologies?
According to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average, the stock currently looks expensive. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 22.3x is currently well-above the industry average of 15.56x, meaning that it is trading at a more expensive price relative to its peers. In addition to this, it seems like Dell Technologies’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta.
What does the future of Dell Technologies look like?
NYSE:DELL Earnings and Revenue Growth October 29th 2021
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by a double-digit 18% over the next couple of years, the outlook is positive for Dell Technologies. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
What this means for you:
Are you a shareholder? It seems like the market has well and truly priced in DELL’s positive outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe DELL should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Are you a potential investor? If you’ve been keeping an eye on DELL for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for DELL, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.
In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. To help with this, we've discovered 3 warning signs (1 is concerning!) that you ought to be aware of before buying any shares in Dell Technologies.
If you are no longer interested in Dell Technologies, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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However, the positive outlook is encouraging for DELL, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop. Let's talk about the popular Dell Technologies Inc. (NYSE:DELL). Let’s take a look at Dell Technologies’s outlook and value based on the most recent financial data to see if the opportunity still exists.
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Let's talk about the popular Dell Technologies Inc. (NYSE:DELL). It seems like the market has well and truly priced in DELL’s positive outlook, with shares trading above industry price multiples. Let’s take a look at Dell Technologies’s outlook and value based on the most recent financial data to see if the opportunity still exists.
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In addition to this, it seems like Dell Technologies’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. It seems like the market has well and truly priced in DELL’s positive outlook, with shares trading above industry price multiples. If you believe DELL should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable.
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It seems like the market has well and truly priced in DELL’s positive outlook, with shares trading above industry price multiples. If you believe DELL should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. that you ought to be aware of before buying any shares in Dell Technologies.
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54b02b7b-60dd-4bdd-8917-797cdeab27e1
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725920.0
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2021-10-21 00:00:00 UTC
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Noteworthy Thursday Option Activity: DASH, YETI, DELL
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DELL
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-dash-yeti-dell-2021-10-21
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in DoorDash Inc (Symbol: DASH), where a total of 10,089 contracts have traded so far, representing approximately 1.0 million underlying shares. That amounts to about 60.8% of DASH's average daily trading volume over the past month of 1.7 million shares. Especially high volume was seen for the $220 strike call option expiring October 22, 2021, with 1,603 contracts trading so far today, representing approximately 160,300 underlying shares of DASH. Below is a chart showing DASH's trailing twelve month trading history, with the $220 strike highlighted in orange:
Yeti Holdings Inc (Symbol: YETI) saw options trading volume of 5,547 contracts, representing approximately 554,700 underlying shares or approximately 60.1% of YETI's average daily trading volume over the past month, of 922,475 shares. Particularly high volume was seen for the $95 strike call option expiring November 19, 2021, with 908 contracts trading so far today, representing approximately 90,800 underlying shares of YETI. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange:
And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 14,843 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 59.5% of DELL's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $17.50 strike put option expiring January 21, 2022, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
For the various different available expirations for DASH options, YETI options, or DELL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $17.50 strike put option expiring January 21, 2022, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of DELL. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 14,843 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 59.5% of DELL's average daily trading volume over the past month, of 2.5 million shares.
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Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 14,843 contracts thus far today. Below is a chart showing DELL's trailing twelve month trading history, with the $17.50 strike highlighted in orange: For the various different available expirations for DASH options, YETI options, or DELL options, visit StockOptionsChannel.com. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 59.5% of DELL's average daily trading volume over the past month, of 2.5 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $17.50 strike highlighted in orange: For the various different available expirations for DASH options, YETI options, or DELL options, visit StockOptionsChannel.com. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 14,843 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 59.5% of DELL's average daily trading volume over the past month, of 2.5 million shares.
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Particularly high volume was seen for the $17.50 strike put option expiring January 21, 2022, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $17.50 strike highlighted in orange: For the various different available expirations for DASH options, YETI options, or DELL options, visit StockOptionsChannel.com. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 14,843 contracts thus far today.
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fb451243-f637-43bc-9943-38d452312da6
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725921.0
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2021-10-15 00:00:00 UTC
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It's Official: HP Is Overwhelmed by Its Unique Supply Chain Woes
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DELL
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https://www.nasdaq.com/articles/its-official%3A-hp-is-overwhelmed-by-its-unique-supply-chain-woes-2021-10-15
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nan
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nan
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Every technology manufacturer is being pinched by the global semiconductor shortage. Computer maker HP (NYSE: HPQ), however, is bearing more than its fair share of the chip shortage's brunt.
That's the takeaway from tech market research outfit IDC's look at third quarter personal computer (PC) sales anyway. The recently published report indicates HP was the only major personal computer brand to ship fewer computers during Q3 of this year compared to Q3 of last year.
Were it just last quarter, the weak results might be forgivable, and even dismissible; these are strange circumstances and difficult times. It's not just last quarter's waning shipments though. While HP is a key fixture of the personal computing and printer landscape and will be around well into the future, the next few quarters -- and the fiscal Q4 report due in November in particular -- could prove rocky as the company works its supply logistics to make them look a little more like its competitors.
Losing ground in more ways than one
As the old saying goes, a picture is worth a thousand words. Take a look. According to IDC, HP lost more market share last quarter than any other major computer brand. A year ago it accounted for 22.4% of the PC market, and 22.2% for the second quarter of this year. That figure's been pared back to 20.3% as of September, extending a trend that's been brewing for a couple of years now.
Source: IDC. Chart by author.
The concern evolves into alarm given how HP was also the only PC name to deliver fewer units -- 5.8% fewer to be precise -- in the third quarter of this year than it did during Q3 of 2020. The alarm becomes an outright red flag in light of the fact that overall personal computer shipments grew 3.9% year over year last quarter, led by Dell Technologies' 26.6% growth in deliveries, and further lifted by Apple's 10% improvement.
Source: IDC. Chart by author. Shipment data is in thousands of units.
HP's steep sequential decline from Q2's deliveries is just the proverbial knockout punch.
The fix(es)
What gives? HP CEO Enrique Lores laid it out in no uncertain terms during August's fiscal third-quarterearnings call explaining, "we continue to navigate supply availability and logistics constraints, pricing dynamics and the pace of economic reopening." It's a message few found surprising.
What many investors might have easily looked past, however, are the specific underlying reasons HP is struggling more than other PC makers at this time.
One of those reasons is simply how the computer and printer giant gets the most basic of things done. In response to an analyst's question about HP's struggle, Lores explained, "as you know we have an outsource model, where the majority of our production is managed by ODM [original design manufacture]," meaning the seller or even the consumer is the ultimate designer of the final product. The approach works when the supply chain isn't broken, but Lores conceded the current supply chain crunch requires HP's direct involvement in procuring components. That's happening now.
Image source: Getty Images.
Another impasse being addressed is the fact that HP's products collectively use too many different chips, when the same single chip could be effectively used in more models. As Lores put it, "one of the key things of our PC business is the breadth of our portfolio ... but this portfolio had not been designed to optimize for low cost component, which is what we are missing now." He made a point of adding, "We have been changing that."
Finally, Lores pointed out during HP's most recentearnings callthat the company has been in the midst of deploying a new ERP (enterprise resource planning) system. The new system will help check for adequate availability of important technological components before committing to a particular design.
Again, all of these challenges are being addressed now. Many of these revamping efforts may even be complete. Others could take more time to put in place though, stifling this complicated company's growth prospects for a few more quarters. IDC's third quarter PC shipment snapshot may well be a preview of what to expect in the foreseeable future.
Plan on more near-term turbulence
None of this changes the long-term bullish thesis for HP. It's still one of the world's most respected and accessible personal computer brands; and to his credit, Lores seems to have his finger on the pulse of what needs to change so something like this year's chip shortage can't take again the sort of toll it's already taken. Better still, investors looking for a quality name at a bargain price could use the stock's recent lull to scoop up HP shares on the cheap. HP shares are currently priced at only a little over seven times next fiscal year's projected profits of $3.79 per share, versus its historical average earnings multiple of around eight or nine.
Nevertheless, the overhaul underway at HP isn't the sort of overhaul that's quick and easy to put in place. Given IDC's data, current and prospective HP investors may want to brace themselves for at least one more disappointing quarterly report in November.
The good news is, what has to happen to get this PC manufacturer back on a growth track is rather clear. Investors should be scrutinizing its production-outsourcing process and product-planning model... not that such nuances are particularly easy to read.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. 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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The alarm becomes an outright red flag in light of the fact that overall personal computer shipments grew 3.9% year over year last quarter, led by Dell Technologies' 26.6% growth in deliveries, and further lifted by Apple's 10% improvement. While HP is a key fixture of the personal computing and printer landscape and will be around well into the future, the next few quarters -- and the fiscal Q4 report due in November in particular -- could prove rocky as the company works its supply logistics to make them look a little more like its competitors. HP CEO Enrique Lores laid it out in no uncertain terms during August's fiscal third-quarterearnings call explaining, "we continue to navigate supply availability and logistics constraints, pricing dynamics and the pace of economic reopening."
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The alarm becomes an outright red flag in light of the fact that overall personal computer shipments grew 3.9% year over year last quarter, led by Dell Technologies' 26.6% growth in deliveries, and further lifted by Apple's 10% improvement. The recently published report indicates HP was the only major personal computer brand to ship fewer computers during Q3 of this year compared to Q3 of last year. Given IDC's data, current and prospective HP investors may want to brace themselves for at least one more disappointing quarterly report in November.
|
The alarm becomes an outright red flag in light of the fact that overall personal computer shipments grew 3.9% year over year last quarter, led by Dell Technologies' 26.6% growth in deliveries, and further lifted by Apple's 10% improvement. The recently published report indicates HP was the only major personal computer brand to ship fewer computers during Q3 of this year compared to Q3 of last year. According to IDC, HP lost more market share last quarter than any other major computer brand.
|
The alarm becomes an outright red flag in light of the fact that overall personal computer shipments grew 3.9% year over year last quarter, led by Dell Technologies' 26.6% growth in deliveries, and further lifted by Apple's 10% improvement. While HP is a key fixture of the personal computing and printer landscape and will be around well into the future, the next few quarters -- and the fiscal Q4 report due in November in particular -- could prove rocky as the company works its supply logistics to make them look a little more like its competitors. According to IDC, HP lost more market share last quarter than any other major computer brand.
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d968e4e0-a4a1-4d3a-ab60-6a1e55644de3
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725922.0
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2021-10-14 00:00:00 UTC
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4 Top 5G Stocks To Watch As Dell Releases New 5G Software
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DELL
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https://www.nasdaq.com/articles/4-top-5g-stocks-to-watch-as-dell-releases-new-5g-software-2021-10-14
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nan
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nan
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Hot 5G Stocks That Could Potentially Boost Your Portfolio
Technology has been evolving at a frantic pace over the past few years. Ideas such as augmented reality, autonomous driving, and even commercial space travel are now a reality. That said, something like 5G technology is something most consumers can relate to. Hence, 5G stocks are among the most discussed topics among stock market investors this year. Recently, QUALCOMM’s (NASDAQ: QCOM) CEO highlighted the potential of combining edge computing and 5G devices connected to the cloud to bring new capabilities to various industries. By delivering real-time data and border contextual information, we could be seeing radical changes like never before.
In addition, Dell Technologies (NYSE: DELL) also aims to push deeper into the 5G space by releasing new software. The company is leveraging the Open Radio Access Network (O-RAN) that lets telecommunication carriers use software to run network functions on standardized computing hardware. This means that carriers may not need to purchase certain specialized equipment for 5G. Could this be a game-changer for 5G technology in the long run? Well, only time will tell. That said, it has drawn interest even from the U.S. government. We can all agree that everyone looks forward to the day 5G becomes accessible to everyone. With that in mind, here are 4 top 5G stocks that you could capitalize on in the stock market today.
Best 5G Stocks To Buy [Or Sell] Now
Marvell Technology Inc (NASDAQ: MRVL)
American Tower Corp (NYSE: AMT)
Verizon Communications Inc (NYSE: VZ)
AT&T Inc. (NYSE: T)
Marvell Technology
First, we will be looking at Marvell Technology. The data infrastructure semiconductor provider plays an important role in rolling out 5G. The company helps telecom carriers deploy 5G networks across the world. It supplies chips to the likes of Nokia (NYSE: NOK) and Samsung. MRVL stock has been on a bullish run this year, rising more than 35% since the start of the year.
On Tuesday, the company announced that its Prestera Ethernet switch platforms incorporating Dent are being deployed by enterprise customers worldwide. This enables a new era of autonomous networking. With these deployments in place, the company is helping to accelerate the build-out of Ethernet switching infrastructure in emerging applications, such as autonomous retail. Therefore, retailers can transform physical stores into smart retail-connected environments.
On top of that, Marvell has also finally completed its acquisition of Innovium. The acquisition complements the company by extending Marvell’s leadership in the cloud. Also, it would allow Marvell to immediately participate in the fastest-growing segment of the switch market with a cloud-optimized solution. Given these developments, would you invest in MRVL stock now?
Read More
4 Semiconductor Stocks To Watch Right Now
Good Stocks To Invest In Right Now? 4 IPO Stocks To Watch
American Tower
Following that, we have American Tower on the list. Essentially, it is a holding company that operates as a real estate investment trust (REIT). The company owns, operates, and develops multitenant communications real estate. Its portfolio has more than 214,000 communication sites, including more than 43,000 properties in the U.S. and Canada.
The company has its hands in the 5G industry by providing its vast network of towers. American Tower claims to have the largest portfolio of broadcast towers in the U.S. Its shared wireless infrastructure solutions serve as the foundation for tomorrow’s 5G, Internet of Things (IoT), and NEXTGEN TV technologies. The company would stand to benefit long-term as 5G technology continues to grow.
Now that the company will be reporting its third-quarter earnings on October 28, let us take this opportunity to review its previous performance. During its second quarter, its revenue increased 20.2% to $2.29 billion. Meanwhile, its net income skyrocketed by 66.8% to $748 million. So, do you think American Towers will be able to maintain its growth trajectory? If so, would you invest in AMT stock ahead of its earnings report?
[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know
Verizon Communication
Another top 5G company today would be Verizon. This is a company that provides communications, information, and entertainment products and services. Most would be familiar with its wireless services that are provided across the U.S. under the Verizon brand. Lately, the company has been pushing hard in the 5G space to bring better services to its customers.
For instance, you can now access Verizon’s 5G wherever you are, whether you’re at home, at work, or on the go. Its 5G Home Internet is now available in 60 cities, 5G Ultra Wideband mobility in nearly 90 cities, and 5G Business Internet has expanded to 57 cities. Moreover, its Verizon Business unlimited plans give you the option for a mobile hotspot for as low as $30 a line. When it comes to 5G, connectivity and speed are of utmost importance for most consumers and Verizon has gotten that covered.
It is also noteworthy that the company and CareAR have announced a strategic partnership earlier this month. The partnership aims to transform the service and customer experience CareAR delivers. Technicians will be able to remotely and proactively resolve service issues faster, smarter, and more safely with Verizon’s 4G and 5G networks on board. Overall, the company appears to be firing on all cylinders in the 5G space. With that in mind, do you think VZ stock is an attractive stock to buy?
[Read More] 4 Artificial Intelligence Stocks To Watch Right Now
AT&T
Similar to Verizon, AT&T is a holding company that provides telecommunications, media, and technology services globally. However, it also has a WarnerMedia segment that develops, produces, and distributes feature films, television, gaming, and other content. While it may be true that T stock has been under pressure in recent months, there are reasons to believe it could potentially make a turnaround soon.
For starters, the company partnered with Frontier Communications last week to bring fiber-optic connectivity to large enterprise customers outside AT&T’s current footprint. Hence, it will be able to reach out to large enterprise customers in markets where it does not own a fiber network. The agreement will also benefit AT&T as it will support the deployment of its 5G mobility network.
Not to mention, AT&T has recently selected Ericsson (NASDAQ: ERIC) to help build its 5G network in the U.S. The deal helps support the deployment of the service provider’s recently acquired C-band spectrum and the launch of 5G Standalone. This is significant as it will help AT&T to bring its 5G network to more consumers, businesses, and first responders across key industries. All things considered, could T stock be a viable investment at its current price?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Dell Technologies (NYSE: DELL) also aims to push deeper into the 5G space by releasing new software. Recently, QUALCOMM’s (NASDAQ: QCOM) CEO highlighted the potential of combining edge computing and 5G devices connected to the cloud to bring new capabilities to various industries. On Tuesday, the company announced that its Prestera Ethernet switch platforms incorporating Dent are being deployed by enterprise customers worldwide.
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In addition, Dell Technologies (NYSE: DELL) also aims to push deeper into the 5G space by releasing new software. Best 5G Stocks To Buy [Or Sell] Now Marvell Technology Inc (NASDAQ: MRVL) American Tower Corp (NYSE: AMT) Verizon Communications Inc (NYSE: VZ) AT&T Inc. (NYSE: T) Marvell Technology First, we will be looking at Marvell Technology. The company helps telecom carriers deploy 5G networks across the world.
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In addition, Dell Technologies (NYSE: DELL) also aims to push deeper into the 5G space by releasing new software. The company is leveraging the Open Radio Access Network (O-RAN) that lets telecommunication carriers use software to run network functions on standardized computing hardware. Best 5G Stocks To Buy [Or Sell] Now Marvell Technology Inc (NASDAQ: MRVL) American Tower Corp (NYSE: AMT) Verizon Communications Inc (NYSE: VZ) AT&T Inc. (NYSE: T) Marvell Technology First, we will be looking at Marvell Technology.
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In addition, Dell Technologies (NYSE: DELL) also aims to push deeper into the 5G space by releasing new software. Best 5G Stocks To Buy [Or Sell] Now Marvell Technology Inc (NASDAQ: MRVL) American Tower Corp (NYSE: AMT) Verizon Communications Inc (NYSE: VZ) AT&T Inc. (NYSE: T) Marvell Technology First, we will be looking at Marvell Technology. Given these developments, would you invest in MRVL stock now?
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b68e4edf-8fa0-444f-b5f5-b18ef643039f
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725923.0
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2021-10-13 00:00:00 UTC
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Dell targets market for 5G networks built on open-source hardware
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DELL
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https://www.nasdaq.com/articles/dell-targets-market-for-5g-networks-built-on-open-source-hardware-2021-10-13
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nan
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nan
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By Stephen Nellis
Oct 13 (Reuters) - Dell Technologies DELL.N Chief Michael Dell said on Wednesday he sees an opportunity to play a key role in the global rollout of 5G networks with new technology that makes specialized equipment unnecessary.
The shift toward Open Radio Access Network (O-RAN) lets telecommunications carriers use software to run network functions on standardized computing hardware.
The technology has drawn interest from the U.S. government because it would allow networks to be made with offerings from American firms such as Dell, Microsoft Corp MSFT.O and others rather solely from industry-specific providers such as Nokia NOKIA.HE or China's Huawei Technologies Co Ltd HWT.UL.
In an interview, Dell said interest from the administration of former President Donald Trump in positioning the technology as a Western-led counterweight to Huawei has "fully carried over" to President Joe Biden's administration.
"It's been a completely bipartisan thing," Dell said.
Dell makes the computing hardware that goes into the new style of networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks with the technology. On Wednesday, Dell Technologies announced software to help carriers manage the computers used in the new networks, targeting release in November.
But most of the new O-RAN networks in Europe remain testbeds, and DISH is a 5G upstart building a network from scratch rather than an established player. Some telecommunications analysts believe the new open technology will not be dominant for at least another generation of networks.
Dell wants to speed up the shift by testing and hardening much of the new technology for broader use.
"There's an appetite in many circles for a Western champion that brings all of this together at scale," Dell said, noting that his company has also had talks with governments in the United Kingdom, Canada, New Zealand and Australia as well as Japan and Western Europe.
"That has to be a large company that has the supply chain and services and financial heft to make all that happen and deliver it," he said.
(Reporting by Stephen Nellis in San Francisco; Editing by Steve Orlofsky and Cynthia Osterman)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies DELL.N Chief Michael Dell said on Wednesday he sees an opportunity to play a key role in the global rollout of 5G networks with new technology that makes specialized equipment unnecessary. On Wednesday, Dell Technologies announced software to help carriers manage the computers used in the new networks, targeting release in November. The technology has drawn interest from the U.S. government because it would allow networks to be made with offerings from American firms such as Dell, Microsoft Corp MSFT.O and others rather solely from industry-specific providers such as Nokia NOKIA.HE or China's Huawei Technologies Co Ltd HWT.UL.
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Dell makes the computing hardware that goes into the new style of networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks with the technology. On Wednesday, Dell Technologies announced software to help carriers manage the computers used in the new networks, targeting release in November. By Stephen Nellis Oct 13 (Reuters) - Dell Technologies DELL.N Chief Michael Dell said on Wednesday he sees an opportunity to play a key role in the global rollout of 5G networks with new technology that makes specialized equipment unnecessary.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies DELL.N Chief Michael Dell said on Wednesday he sees an opportunity to play a key role in the global rollout of 5G networks with new technology that makes specialized equipment unnecessary. The technology has drawn interest from the U.S. government because it would allow networks to be made with offerings from American firms such as Dell, Microsoft Corp MSFT.O and others rather solely from industry-specific providers such as Nokia NOKIA.HE or China's Huawei Technologies Co Ltd HWT.UL. Dell makes the computing hardware that goes into the new style of networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks with the technology.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies DELL.N Chief Michael Dell said on Wednesday he sees an opportunity to play a key role in the global rollout of 5G networks with new technology that makes specialized equipment unnecessary. Dell makes the computing hardware that goes into the new style of networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks with the technology. The technology has drawn interest from the U.S. government because it would allow networks to be made with offerings from American firms such as Dell, Microsoft Corp MSFT.O and others rather solely from industry-specific providers such as Nokia NOKIA.HE or China's Huawei Technologies Co Ltd HWT.UL.
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3eafdad6-d1ab-4d76-befb-c31877423848
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725924.0
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2021-10-13 00:00:00 UTC
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Dell to release software to help telcos manage 5G networks
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DELL
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https://www.nasdaq.com/articles/dell-to-release-software-to-help-telcos-manage-5g-networks-2021-10-13
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nan
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nan
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By Stephen Nellis
Oct 13 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology.
Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications carriers use software to run network functions on standardized computing hardware, rather than buying almost all the gear in the network from telecommunications-specific providers such as Nokia NOKIA.HE or Huawei Technologies Co Ltd HWT.UL.
Dell makes the computing hardware that goes into the networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks using the technology.
The new networks will contain many more computer servers than older-style networks. The software that Dell announced Wednesday, called "Bare Metal Orchestrator," is a paid software tool to help carriers manage those fleets of computers. Dell said the product will be available in November.
(Reporting by Stephen Nellis in San Francisco; Editing by Steve Orlofsky)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology. Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications carriers use software to run network functions on standardized computing hardware, rather than buying almost all the gear in the network from telecommunications-specific providers such as Nokia NOKIA.HE or Huawei Technologies Co Ltd HWT.UL. Dell makes the computing hardware that goes into the networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks using the technology.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology. Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications carriers use software to run network functions on standardized computing hardware, rather than buying almost all the gear in the network from telecommunications-specific providers such as Nokia NOKIA.HE or Huawei Technologies Co Ltd HWT.UL. The software that Dell announced Wednesday, called "Bare Metal Orchestrator," is a paid software tool to help carriers manage those fleets of computers.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology. Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications carriers use software to run network functions on standardized computing hardware, rather than buying almost all the gear in the network from telecommunications-specific providers such as Nokia NOKIA.HE or Huawei Technologies Co Ltd HWT.UL. Dell makes the computing hardware that goes into the networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks using the technology.
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By Stephen Nellis Oct 13 (Reuters) - Dell Technologies Inc DELL.N on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology. Dell makes the computing hardware that goes into the networks and has already secured deals to help DISH Network Corp DISH.O in the United States and Vodafone VOD.L and Orange ORAN.PA in Europe build 5G networks using the technology. Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications carriers use software to run network functions on standardized computing hardware, rather than buying almost all the gear in the network from telecommunications-specific providers such as Nokia NOKIA.HE or Huawei Technologies Co Ltd HWT.UL.
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f416eba3-753e-4665-989f-7d2598c5f400
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725925.0
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2021-10-11 00:00:00 UTC
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Chesapeake appoints finance head Dell'Osso as CEO
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DELL
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https://www.nasdaq.com/articles/chesapeake-appoints-finance-head-dellosso-as-ceo-2021-10-11
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nan
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nan
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Adds background on CEO, the company
Oct 11 (Reuters) - Chesapeake Energy Corp CHK.O on Monday named long-time finance chief Domenic Dell'Osso as its chief executive officer, months after ousting former top boss Doug Lawler.
Dell'Osso joined Chesapeake in 2008 and was appointed CFO in 2010. He takes the reins from Chairman Mike Wichterich, who has served as interim CEO since Lawler's departure in April.
Once the second-largest U.S. natural gas producer, Chesapeake filed for court protection in June last year after overspending on assets and a sudden decline in oil prices left it with more than $9 billion in debt.
It emerged this year from a Chapter 11 bankruptcy reorganization in which it cut $7 billion in debt. The company in August agreed to buy Louisiana natural gas rival Vine Energy VEI.N for $615 million in cash and stock.
Chesapeake has suffered an exodus of executives under Wichterich, including its general counsel, executive vice president of exploration and production and chief accountant.
Reuters had exclusively reported last month that Chesapeake planned on naming Dell'Osso as its new top boss, citing sources.
(Reporting by Sahil Shaw in Bengaluru; Editing by Aditya Soni)
((Sahil.Shaw@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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Reuters had exclusively reported last month that Chesapeake planned on naming Dell'Osso as its new top boss, citing sources. Adds background on CEO, the company Oct 11 (Reuters) - Chesapeake Energy Corp CHK.O on Monday named long-time finance chief Domenic Dell'Osso as its chief executive officer, months after ousting former top boss Doug Lawler. Dell'Osso joined Chesapeake in 2008 and was appointed CFO in 2010.
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Adds background on CEO, the company Oct 11 (Reuters) - Chesapeake Energy Corp CHK.O on Monday named long-time finance chief Domenic Dell'Osso as its chief executive officer, months after ousting former top boss Doug Lawler. Reuters had exclusively reported last month that Chesapeake planned on naming Dell'Osso as its new top boss, citing sources. Dell'Osso joined Chesapeake in 2008 and was appointed CFO in 2010.
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Adds background on CEO, the company Oct 11 (Reuters) - Chesapeake Energy Corp CHK.O on Monday named long-time finance chief Domenic Dell'Osso as its chief executive officer, months after ousting former top boss Doug Lawler. Dell'Osso joined Chesapeake in 2008 and was appointed CFO in 2010. Reuters had exclusively reported last month that Chesapeake planned on naming Dell'Osso as its new top boss, citing sources.
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Adds background on CEO, the company Oct 11 (Reuters) - Chesapeake Energy Corp CHK.O on Monday named long-time finance chief Domenic Dell'Osso as its chief executive officer, months after ousting former top boss Doug Lawler. Dell'Osso joined Chesapeake in 2008 and was appointed CFO in 2010. Reuters had exclusively reported last month that Chesapeake planned on naming Dell'Osso as its new top boss, citing sources.
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cca4b76b-8b6f-4101-bf4d-13641449f8db
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725926.0
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2021-10-08 00:00:00 UTC
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ANALYSIS-Tesla speeds the EV industry's South by Southwest drive
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DELL
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https://www.nasdaq.com/articles/analysis-tesla-speeds-the-ev-industrys-south-by-southwest-drive-2021-10-08
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nan
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nan
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By Tina Bellon and Hyunjoo Jin
AUSTIN, Oct 8 (Reuters) - Tesla Inc's TSLA.O decision to move its headquarters to Austin, Texas, from Palo Alto, California, accelerates the shift of electric vehicle industry jobs to Southern and Western U.S. states that offer lower taxes, lighter regulation and less unionization than the coastal Blue states where most electric vehicles are sold.
Electric vehicle startups and established automakers have lined up $24 billion in investments in new factories in Texas, Arizona, Oklahoma, Tennessee and Kentucky.
CEO Elon Musk's announcement during the No. 1 EV maker's annual meeting on Thursday puts an exclamation point on the shift in the U.S. auto industry's center of gravity - and also highlights the tensions it could create.
The competition among states for electric vehicle jobs is intense, and has a political dimension. Democratic-leaning Blue States such as California are home to many electric vehicle buyers and EV company investors, who have strong views on climate policy.
Many of the states getting EV jobs are politically conservative Red States, whose Republican governors are both supportive of the fossil fuel industry and eager to welcome electric vehicle manufacturers and their jobs with subsidies and regulatory streamlining.
"The Lone Star State is the land of opportunity and innovation. Welcome," Texas Governor Greg Abbott tweeted on Thursday after Tesla announced its move.
Tesla, the world's most valuable automaker, now faces the challenge of taking advantage of the Texas business climate without alienating workers recruited from the San Francisco Bay Area's vibrant technology industry. It also has to consider the big base of Tesla vehicle customers in more politically liberal states such as California and New York.
"Tesla does not want to alienate that large and influential market. They don't want to invite criticisms or attacks from public advocacy groups accusing them of looking for a large incentive package or abandoning California at a time when the state is in peril," said John Boyd, principal of Boyd Company, a site selection firm.
Detroit automakers, such as Ford Motor Co., have an analogous problem. Ford last week said it and South Korean battery partner SK Innovation would invest $11 billion to develop a sprawling electric vehicle and battery assembly complex in Tennessee larger than the automaker's historic Rouge complex in Dearborn, Michigan.
That complex and related new operations in Kentucky could create 11,000 jobs.
The United Auto Workers union quickly called on Ford to assure those would be union jobs. But in Tennessee and Kentucky, union membership is optional, and workers at other auto manufacturers in those states have so far rejected UAW organizing efforts.
Musk had a public falling out with California when regulators forced Tesla to suspend production during the initial months of the COVID-19 pandemic in 2020. At one point, Musk threatened to move Tesla's headquarters and future programs out of the state.
Musk, one of the world's richest individuals, said he moved to Texas last year, and he has taken to his new home, wearing Western-style bandannas and shirts. California has income tax rates up to 13.3%, while Texas has no tax on personal income.
California, however, also accounted for about 15% of Tesla's global deliveries in 2020.
On Thursday, Musk said the headquarters move is not a matter of Tesla leaving California entirely, and said production from Tesla's Fremont assembly plant and Reno, Nevada, battery factory will rise by 50%. Employees at Tesla's Palo Alto area offices expect engineers to stay in Silicon Valley, though some finance staffers could move, one source said.
One awkward issue for Texas officials and Tesla to sort out is that Texas law currently forbids Tesla from selling vehicles directly to customers in the state.
Austin is the fastest-growing U.S. metropolitan region, its population growing 30% between 2010 and 2020 to some 2.3 million.
Like other large Texas cities, Austin and its surrounding Travis County, where the Tesla factory is located, are governed by Democrats, setting it apart from the majority of Texas' conservative red, less-densely populated counties.
The Austin metro area is a technology hub, home to PC maker Dell Technologies Inc DELL.N, and operations of large Silicon Valley companies like Apple Inc AAPL.O and Alphabet Inc's Google GOOGL.O. Business software maker Oracle Corp ORCL.N in December announced it was moving its headquarters to Austin.
South Korean conglomerate Samsung Electronics 005930.KS is also close to initializing the construction of a $17 billion semiconductor factory just north of Austin.
Austin's Democratic Mayor Steve Adler welcomed the decision, saying Tesla will create "the clean manufacturing, middle-skill jobs Austin needs."
Known for its quirky culture, Austin is also home to large music festivals such as Austin City Limits and South by Southwest, drawing large crowds each year.
But the drastic growth and the influx of many well-paid Californians has faced resistance by some local residents, with reports of out-of-state buyers purchasing houses for cash at double the asking price, frustrating many Austinites.
(Reporting by Tina Bellon, Hyunjoo Jin and Paul Lienert; Writing by Joseph White; Editing by Dan Grebler)
((Joe.White@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Austin metro area is a technology hub, home to PC maker Dell Technologies Inc DELL.N, and operations of large Silicon Valley companies like Apple Inc AAPL.O and Alphabet Inc's Google GOOGL.O. 1 EV maker's annual meeting on Thursday puts an exclamation point on the shift in the U.S. auto industry's center of gravity - and also highlights the tensions it could create. Tesla, the world's most valuable automaker, now faces the challenge of taking advantage of the Texas business climate without alienating workers recruited from the San Francisco Bay Area's vibrant technology industry.
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The Austin metro area is a technology hub, home to PC maker Dell Technologies Inc DELL.N, and operations of large Silicon Valley companies like Apple Inc AAPL.O and Alphabet Inc's Google GOOGL.O. By Tina Bellon and Hyunjoo Jin AUSTIN, Oct 8 (Reuters) - Tesla Inc's TSLA.O decision to move its headquarters to Austin, Texas, from Palo Alto, California, accelerates the shift of electric vehicle industry jobs to Southern and Western U.S. states that offer lower taxes, lighter regulation and less unionization than the coastal Blue states where most electric vehicles are sold. Democratic-leaning Blue States such as California are home to many electric vehicle buyers and EV company investors, who have strong views on climate policy.
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The Austin metro area is a technology hub, home to PC maker Dell Technologies Inc DELL.N, and operations of large Silicon Valley companies like Apple Inc AAPL.O and Alphabet Inc's Google GOOGL.O. By Tina Bellon and Hyunjoo Jin AUSTIN, Oct 8 (Reuters) - Tesla Inc's TSLA.O decision to move its headquarters to Austin, Texas, from Palo Alto, California, accelerates the shift of electric vehicle industry jobs to Southern and Western U.S. states that offer lower taxes, lighter regulation and less unionization than the coastal Blue states where most electric vehicles are sold. Many of the states getting EV jobs are politically conservative Red States, whose Republican governors are both supportive of the fossil fuel industry and eager to welcome electric vehicle manufacturers and their jobs with subsidies and regulatory streamlining.
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The Austin metro area is a technology hub, home to PC maker Dell Technologies Inc DELL.N, and operations of large Silicon Valley companies like Apple Inc AAPL.O and Alphabet Inc's Google GOOGL.O. By Tina Bellon and Hyunjoo Jin AUSTIN, Oct 8 (Reuters) - Tesla Inc's TSLA.O decision to move its headquarters to Austin, Texas, from Palo Alto, California, accelerates the shift of electric vehicle industry jobs to Southern and Western U.S. states that offer lower taxes, lighter regulation and less unionization than the coastal Blue states where most electric vehicles are sold. On Thursday, Musk said the headquarters move is not a matter of Tesla leaving California entirely, and said production from Tesla's Fremont assembly plant and Reno, Nevada, battery factory will rise by 50%.
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5f365b3b-4a0a-4875-bc4d-31a38dbd4cbf
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725927.0
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2021-10-06 00:00:00 UTC
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Does Dell Technologies (NYSE:DELL) Deserve A Spot On Your Watchlist?
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DELL
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https://www.nasdaq.com/articles/does-dell-technologies-nyse%3Adell-deserve-a-spot-on-your-watchlist-2021-10-06
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nan
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nan
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Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy.
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Dell Technologies (NYSE:DELL). While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. Loss-making companies are always racing against time to reach financial sustainability, but time is often a friend of the profitable company, especially if it is growing.
How Fast Is Dell Technologies Growing Its Earnings Per Share?
Over the last three years, Dell Technologies has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. So I don't think the percent growth rate is particularly meaningful. As a result, I'll zoom in on growth over the last year, instead. Like the last firework on New Year's Eve accelerating into the sky, Dell Technologies's EPS shot from US$2.89 to US$4.94, over the last year. You don't see 71% year-on-year growth like that, very often.
I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). While we note Dell Technologies's EBIT margins were flat over the last year, revenue grew by a solid 9.5% to US$100b. That's progress.
In the chart below, you can see how the company has grown earnings, and revenue, over time. For finer detail, click on the image.
NYSE:DELL Earnings and Revenue History October 6th 2021
Fortunately, we've got access to analyst forecasts of Dell Technologies's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
Are Dell Technologies Insiders Aligned With All Shareholders?
We would not expect to see insiders owning a large percentage of a US$81b company like Dell Technologies. But we do take comfort from the fact that they are investors in the company. Indeed, they have a glittering mountain of wealth invested in it, currently valued at US$757m. This suggests to me that leadership will be very mindful of shareholders' interests when making decisions!
It's good to see that insiders are invested in the company, but are remuneration levels reasonable? Well, based on the CEO pay, I'd say they are indeed. For companies with market capitalizations over US$8.0b, like Dell Technologies, the median CEO pay is around US$11m.
The CEO of Dell Technologies only received US$930k in total compensation for the year ending . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally.
Is Dell Technologies Worth Keeping An Eye On?
Dell Technologies's earnings have taken off like any random crypto-currency did, back in 2017. The sweetener is that insiders have a mountain of stock, and the CEO remuneration is quite reasonable. The strong EPS improvement suggests the businesses is humming along. Dell Technologies certainly ticks a few of my boxes, so I think it's probably well worth further consideration. You still need to take note of risks, for example - Dell Technologies has 4 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
Although Dell Technologies certainly looks good to me, I would like it more if insiders were buying up shares. If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Over the last three years, Dell Technologies has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Dell Technologies (NYSE:DELL). How Fast Is Dell Technologies Growing Its Earnings Per Share?
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In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Dell Technologies (NYSE:DELL). Over the last three years, Dell Technologies has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. How Fast Is Dell Technologies Growing Its Earnings Per Share?
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In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Dell Technologies (NYSE:DELL). NYSE:DELL Earnings and Revenue History October 6th 2021 Fortunately, we've got access to analyst forecasts of Dell Technologies's future profits. How Fast Is Dell Technologies Growing Its Earnings Per Share?
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NYSE:DELL Earnings and Revenue History October 6th 2021 Fortunately, we've got access to analyst forecasts of Dell Technologies's future profits. In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Dell Technologies (NYSE:DELL). How Fast Is Dell Technologies Growing Its Earnings Per Share?
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8a485930-8c05-47b6-bc84-a27e95be13fe
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725928.0
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2021-10-06 00:00:00 UTC
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Why Investors Should Bet on Corsair For PC Gaming
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DELL
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https://www.nasdaq.com/articles/why-investors-should-bet-on-corsair-for-pc-gaming-2021-10-06
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Other than some extreme volatility earlier this year, Corsair Gaming (NASDAQ:CRSR) stock traded in a narrow range at between $26 and $30.
CRSR) logo on a light up keyboard." width="300" height="169">
Source: WDphotography / Shutterstock.com
When it last reported quarterly earnings, CRSR stock tried but failed, to break out of a downtrend. More recently, the high-end gaming computer supplier found technical chart resistance.
Unless Corsair posts a more convincing quarterly report, short sellers will have the upper hand. They have an 11.7% short float position against the stock. Before justifying a buy on Corsair, what are the major headwinds that this inexpensive stock faces?
Selling Pressure on CRSR Stock
In the second quarter, Corsair posted revenue of $473 million and EBITDA of $52 million. Revenue rose by 24.3% from a year ago, led by strong peripherals sales, which rose by 40.9% to $155.2 million. The company underperformed expectations due to supply chain constraints and logistics issues.
CEO Andy Paul highlighted the company’s investment in research and development, infrastructure, and marketing. This led to the release launch of its first camera. At 75 new products launched so far, Corsair is covering many new areas of the PC market.
7 Top-Rated Pharmaceutical Stocks to Invest in for October
Investors do not see it that way.
Corsair has to pay down its debt. In Q2, it took advantage of its higher cash flow to pay down $25 million more of its debt. This is strategically important since rate hikes in the coming quarter will increase the cost of carrying debt.
Opportunity
Cultural shifts in the gaming market are an opportunity for Corsair to increase its total addressable market. For example, the company will grow its market share in the console, PC, and mobile markets (as shown on slide 28). By dominating dozens of product categories, consumers will choose Corsair’s peripherals solutions first.
Corsair’s low stock valuation is a chance for value investors to accumulate a position at cheap prices. Conversely, its forward price-earnings ratio of 13.8is higher than that of HP (NYSE:HPQ) or Dell (NYSE:DELL). Those PC makers trade at a 7.4x and 11.26x multiple, respectively. As Corsair and the industry work through the supply constraints, its profit margin will improve.
Ocean freight costs are increasing logistics costs (per slide 20). The shipping industry will adjust by increasing supply. General demand for goods made overseas will fall for goods that are sensitive to prices. In the gaming market, Corsair has superior product quality and performance over the competition. Customers are willing to spend more on the company’s gaming components and systems.
Growth in the Second Half
Chief Financial Officer Michael Potter acknowledged the second quarter is usually seasonally weak. That follows with a stronger second half of the year. The outlook is not a guarantee. Customers face huge shortages of high-end computer chips and graphics cards. This is raising the price of gaming systems in the $2,000 to $4,000 range.
Because it is hard for them to build, Paul said the sales channels and suppliers adjusted.
Fair Value
Source: Stock Rover
As shown above, CRSR shares are trading at a modest 6% discount to fair value. Thanks to its strong profit margins, the stock scores an 88/100 on quality.
As a former meme stock on Reddit’s r/WallStreetBets, Corsair could spike to the $40 range briefly. In June, markets thought those speculators disappeared, only to witness the frenzied buying that month. Still, momentum investors in the sub-forum may have lost interest in meme stocks and on Corsair.
On Wall Street, four analysts offer a 12-month price target. The average price target is $39 and ranges from $31 to $45, according to Tipranks.
Your Takeaway
Investing in PC gaming stocks is a test of investor patience. The stock may move nowhere for months. As markets recognize the expanding profits and higher sales, more investors will pile onto Corsair stock. The technology index is trading at a premium in general with Corsair bucking the trend.
Value investors should consider accumulating a position at current levels. Selling puts or buying long-term call options is another way to bet on the upside potential in this undervalued firm.
On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post Why Investors Should Bet on Corsair For PC Gaming 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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Conversely, its forward price-earnings ratio of 13.8is higher than that of HP (NYSE:HPQ) or Dell (NYSE:DELL). Corsair’s low stock valuation is a chance for value investors to accumulate a position at cheap prices. Growth in the Second Half Chief Financial Officer Michael Potter acknowledged the second quarter is usually seasonally weak.
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Conversely, its forward price-earnings ratio of 13.8is higher than that of HP (NYSE:HPQ) or Dell (NYSE:DELL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Other than some extreme volatility earlier this year, Corsair Gaming (NASDAQ:CRSR) stock traded in a narrow range at between $26 and $30. Selling Pressure on CRSR Stock In the second quarter, Corsair posted revenue of $473 million and EBITDA of $52 million.
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Conversely, its forward price-earnings ratio of 13.8is higher than that of HP (NYSE:HPQ) or Dell (NYSE:DELL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Other than some extreme volatility earlier this year, Corsair Gaming (NASDAQ:CRSR) stock traded in a narrow range at between $26 and $30. Selling Pressure on CRSR Stock In the second quarter, Corsair posted revenue of $473 million and EBITDA of $52 million.
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Conversely, its forward price-earnings ratio of 13.8is higher than that of HP (NYSE:HPQ) or Dell (NYSE:DELL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Other than some extreme volatility earlier this year, Corsair Gaming (NASDAQ:CRSR) stock traded in a narrow range at between $26 and $30. At 75 new products launched so far, Corsair is covering many new areas of the PC market.
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5abcdd2d-eb2b-40b2-bddf-e7dc01527277
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725929.0
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2021-10-04 00:00:00 UTC
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Dell Technologies Inc - Class C Shares Approach 52-Week High - Market Mover
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc-class-c-shares-approach-52-week-high-market-mover-2021-10-04
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nan
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nan
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.0% below its 52 week high of $106.26, giving the company a market cap of $76B. The stock is currently up 44.3% year-to-date, up 57.5% over the past 12 months, and up 135.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.3%, and the S&P 500 fell 2.2%.
Trading Activity
Trading volume this week was 35.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 200.5%
The company's stock price performance over the past 12 months beats the peer average by 290.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.0% below its 52 week high of $106.26, giving the company a market cap of $76B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.0% below its 52 week high of $106.26, giving the company a market cap of $76B. This week, the Dow Jones Industrial Average fell 1.3%, and the S&P 500 fell 2.2%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 200.5% The company's stock price performance over the past 12 months beats the peer average by 290.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% higher than the average peer.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.0% below its 52 week high of $106.26, giving the company a market cap of $76B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 200.5% The company's stock price performance over the past 12 months beats the peer average by 290.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Dell Technologies Inc - Class C (DELL) shares closed today at 1.0% below its 52 week high of $106.26, giving the company a market cap of $76B. This week, the Dow Jones Industrial Average fell 1.3%, and the S&P 500 fell 2.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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10fb0733-e794-4f71-ae95-f2093876609c
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725930.0
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2021-09-29 00:00:00 UTC
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EXCLUSIVE-Chesapeake Energy to name finance chief Domenic Dell'Osso as next CEO -sources
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DELL
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https://www.nasdaq.com/articles/exclusive-chesapeake-energy-to-name-finance-chief-domenic-dellosso-as-next-ceo-sources-0
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nan
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nan
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By Liz Hampton, David French and Jessica Resnick-Ault
Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter.
Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said.
A Chesapeake spokesperson declined to comment.
Chesapeake, one of the largest natural gas producers in the United States, emerged this year from a Chapter 11 bankruptcy reorganization in which it cut $7 billion in debt. Last month, it agreed to buy Louisiana natural gas rival Vine Energy VEI.N for $615 million in cash and stock.
The company has suffered an exodus of executives under Wichterich, including its general counsel, executive vice president of exploration and production, and chief accountant.
Dell'Osso, who is 45, is one of the few long-tenured executives to remain after Lawler's departure. He previously worked as an investment banker with Jefferies & Co.
(Additional reporting by Shariq Khan in Bengaluru; Editing by David Gregorio)
((Liz.Hampton@thomsonreuters.com; +1 832 571 8115; Reuters Messaging: Reuters Messaging: liz.hampton.reuters@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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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso, who is 45, is one of the few long-tenured executives to remain after Lawler's departure.
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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso, who is 45, is one of the few long-tenured executives to remain after Lawler's departure.
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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso, who is 45, is one of the few long-tenured executives to remain after Lawler's departure.
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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso, who is 45, is one of the few long-tenured executives to remain after Lawler's departure.
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f8391180-f583-4b9c-bde9-d5585c318ecf
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725931.0
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2021-09-29 00:00:00 UTC
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EXCLUSIVE-Chesapeake Energy to name finance chief Domenic Dell'Osso as next CEO -sources
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DELL
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https://www.nasdaq.com/articles/exclusive-chesapeake-energy-to-name-finance-chief-domenic-dellosso-as-next-ceo-sources
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nan
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By Liz Hampton, David French and Jessica Resnick-Ault
Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter.
Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said.
A Chesapeake spokesperson declined to comment.
Chesapeake, one of the largest natural gas producers in the United States, emerged this year from a Chapter 11 bankruptcy reorganization in which it cut $7 billion in debt. Last month, it agreed to buy Louisiana natural gas rival Vine Energy VEI.N for $615 million in cash and stock.
The company has suffered a exodus of executives under Wichterich, including its general counsel, vice president of exploration and production, and chief accountant.
Dell'Osso is one of the few long-tenured executives to remain after Lawler's departure. He previously worked as an investment banker with Jefferies & Co.
(Additional reporting by Shariq Khan in Bengaluru; editing by David Gregorio)
((Liz.Hampton@thomsonreuters.com; +1 832 571 8115; Reuters Messaging: Reuters Messaging: liz.hampton.reuters@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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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso is one of the few long-tenured executives to remain after Lawler's departure.
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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso is one of the few long-tenured executives to remain after Lawler's departure.
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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso is one of the few long-tenured executives to remain after Lawler's departure.
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By Liz Hampton, David French and Jessica Resnick-Ault Sept 29 (Reuters) - U.S. shale producer Chesapeake Energy Corp CHK.O is preparing to name long-time finance chief Domenic Dell'Osso Jr. as its next top executive, according to three people familiar with the matter. Dell'Osso, who has been with the company since 2008, would replace board chairman Mike Wichterich, who became interim CEO after ousting former chief Doug Lawler in April, the people said. Dell'Osso is one of the few long-tenured executives to remain after Lawler's departure.
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277d1256-fc4a-44b5-a33c-ed85c7fac522
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725932.0
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2021-09-26 00:00:00 UTC
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Dell Is About to Become a Great Dividend Stock
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DELL
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https://www.nasdaq.com/articles/dell-is-about-to-become-a-great-dividend-stock-2021-09-26
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nan
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nan
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Dell Technologies (NYSE: DELL) shareholders are about to realize a corporate event they've been looking forward to for over a year now: the tax-free spinoff of Dell's 80.6% stake in virtualization software company VMware (NYSE: VMW). Dell's stock has already done quite well in 2021, up more than 40% on the year, in anticipation of the move.
Yet assuming VMware continues to trade at its current market cap post-spin, the remainder of "core" Dell still looks like quite a cheap stock. Last week, management held an analyst day, touting its outlook for the core business, as well as the future implementation of a large share repurchase plan and initiation of what looks to be a hefty future dividend.
Image source: Getty Images.
Dell's post-spin outlook
Dell will have two main segments post-spinoff: its infrastructure group, and its personal computing group. The infrastructure group makes servers, storage, and networking hardware and software for enterprises, and the personal computing group largely makes PCs for consumers and businesses, though there are lots of product categories within those two groups.
Based on the stock's implied valuation post-spinoff, and using the annualized second-quarter earnings of these two segments, "core" Dell is trading at only 8 times earnings and 6 times enterprise to unlevered free cash flow.
That's very cheap, and it implies a stagnant growth profile. Some may think that since Dell is already large, with leading market share in both of its core segments, that there isn't any more room to grow in the unexciting world of on-premise servers and PCs.
Management believes differently. At its analyst day presentation, management pointed out that even though it has leading share in most categories, it has only a mid-20s market share in commercial PCs, mainstream servers, and external storage solutions. Despite its large share, Dell has gained 5.4 percentage points in commercial PCs, 5.6 points of share in mainstream servers, and 18.1 points of share in HCI, or hyperconverged systems over the past five years.
Furthermore, management believes the core infrastructure group should continue to grow, thanks to the growth of edge computing and 5G telco deployments, which are extensions of modern data centers. Dell thinks these new growth areas could grow at a higher pace than the core market's projected 3% growth, taking Dell's growth forecast of its total addressable market to 6% annually over the next four years. For a company trading at only 8 times earnings, that's a pretty good growth rate.
Dell could have a 3.3% dividend soon
As part of the spinoff, VMware will pay roughly $11.5 billion to its shareholders as a special dividend, so Dell will receive about $9.3 billion in the transaction. That special payout, negotiated as part of the deal between the two companies, will help go along way toward paying down Dell's massive debt load, which was a result of its 2016 acquisition of EMC, which brought VMware along with it in the first place.
Dell has paid down $25 billion since the transaction, and management hopes the special dividend will spur the rating agencies to upgrade Dell's debt profile to investment-grade. Once Dell has achieved that, and has brought its leverage ratio down to 1.5 times adjusted EBITDA, management then plans to return cash to shareholders.
That should take the form of a $5 billion share repurchase program, as well as a $1 billion annual dividend. At Dell's current market cap ex-VMware, that equates to about a 3.3% dividend yield. And a $5 billion share repurchase program equates to about 16% of its post-spin market cap -- though that probably won't all be spent in one year.
When it will happen
Dell expects the spinoff to close in early November, provided the company gets a private letter from the IRS that officially rules the spinoff tax-free. Should that go through, standalone Dell looks to be a high-dividend stock to watch for value investors -- despite its impressive recent run.
10 stocks we like better than Dell
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Dell Technologies 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 September 17, 2021
Billy Duberstein owns shares of Dell Technologies and has the following options: short October 2021 $77.50 puts on Dell Technologies and short October 2021 $80 puts on Dell Technologies. His clients may own shares of the companies mentioned. The Motley Fool recommends VMware. 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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Some may think that since Dell is already large, with leading market share in both of its core segments, that there isn't any more room to grow in the unexciting world of on-premise servers and PCs. That special payout, negotiated as part of the deal between the two companies, will help go along way toward paying down Dell's massive debt load, which was a result of its 2016 acquisition of EMC, which brought VMware along with it in the first place. Dell Technologies (NYSE: DELL) shareholders are about to realize a corporate event they've been looking forward to for over a year now: the tax-free spinoff of Dell's 80.6% stake in virtualization software company VMware (NYSE: VMW).
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Based on the stock's implied valuation post-spinoff, and using the annualized second-quarter earnings of these two segments, "core" Dell is trading at only 8 times earnings and 6 times enterprise to unlevered free cash flow. Despite its large share, Dell has gained 5.4 percentage points in commercial PCs, 5.6 points of share in mainstream servers, and 18.1 points of share in HCI, or hyperconverged systems over the past five years. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Billy Duberstein owns shares of Dell Technologies and has the following options: short October 2021 $77.50 puts on Dell Technologies and short October 2021 $80 puts on Dell Technologies.
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Dell Technologies (NYSE: DELL) shareholders are about to realize a corporate event they've been looking forward to for over a year now: the tax-free spinoff of Dell's 80.6% stake in virtualization software company VMware (NYSE: VMW). Dell thinks these new growth areas could grow at a higher pace than the core market's projected 3% growth, taking Dell's growth forecast of its total addressable market to 6% annually over the next four years. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Billy Duberstein owns shares of Dell Technologies and has the following options: short October 2021 $77.50 puts on Dell Technologies and short October 2021 $80 puts on Dell Technologies.
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Based on the stock's implied valuation post-spinoff, and using the annualized second-quarter earnings of these two segments, "core" Dell is trading at only 8 times earnings and 6 times enterprise to unlevered free cash flow. Dell could have a 3.3% dividend soon As part of the spinoff, VMware will pay roughly $11.5 billion to its shareholders as a special dividend, so Dell will receive about $9.3 billion in the transaction. Dell Technologies (NYSE: DELL) shareholders are about to realize a corporate event they've been looking forward to for over a year now: the tax-free spinoff of Dell's 80.6% stake in virtualization software company VMware (NYSE: VMW).
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0d10e6f3-ea9a-4238-95c7-149552912c7f
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725933.0
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2021-09-23 00:00:00 UTC
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4 Top Stock Trades for Friday: TWTR, CRM, DELL, QS
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DELL
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https://www.nasdaq.com/articles/4-top-stock-trades-for-friday%3A-twtr-crm-dell-qs-2021-09-23
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After a solid day in the market on Wednesday, the bulls had solid follow-through on Thursday, with strong breadth and nice gains. Therefore, let’s look at a few top stock trades for Friday.
Top Stock Trades for Tomorrow No. 1: Twitter (TWTR)
Click to Enlarge
Source: Chart courtesy of TrendSpider
The social media stocks have been mixed lately, but Twitter (NYSE:TWTR) has been doing pretty good. The stock is working on its seventh gain in the last eight sessions, while it nears a monthly-up rotation.
That comes on a move over the August high at $67.09. Now above all of its daily moving averages and downtrend resistance, the bulls are in control. They’ll want to see the stock hold these measures on the downside to maintain that control as well.
On the upside, a close over $67.10 puts $70 in play. Above $70 and that pesky $72 to $73 resistance area could be on deck.
7 Growth Stocks to Buy Now for Their Millionaire-Maker Potential
Should Twitter break below all of its downside support measures, keep an eye on the 50-week moving average. That has been the line in the sand.
Top Stock Trades for Tomorrow No. 2: Salesforce (CRM)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Salesforce (NYSE:CRM) is enjoying a nice rip on the day, up 7.2% after the company provided a better-than-expected revenue outlook for next year.
In pre-market trading, the news sent the stock above the key $262.50 zone, as well as the 10-day and 21-day moving averages. However, I was focused on the stock’s key resistance level as a critical area. Could it get through this zone?
Well, CRM stock ended up blowing through this area between $267 to $270 and even took out the post-earnings high at $275.22. I would love to see Salesforce stay above $275 now, but as long as it’s over $270, it looks okay to me.
On the upside, however, let’s see if it can make new all-time highs above $284.50, then climb to $300. Above $300 may get long-term bulls talking about a potential move to $335, where it finds the 161.8% extension.
Top Stock Trades for Tomorrow No. 3: Dell (DELL)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Salesforce was one stock I talked about this morning, Dell (NYSE:DELL) was the other. I couldn’t help it. The technical setups had levels that simply needed to be pointed out.
In this case, the premarket newshad Dell trading up toward (but not through) downtrend resistance and last week’s high at $102.14.
However, the stock was able to power through these levels after the open, giving bulls a breakout over resistance and a weekly-up rotation. Over $102, and this stock still looks okay, although it is struggling with the highs near $105.
Over $105, and the $110 to $113 area is in play, the latter of which is where we find the 16.18% extension of the current range.
7 Classy Commodity Stocks to Add to Your Portfolio
On the downside, though, a close back below these breakout levels could give us a “false start” on the long trade, putting $100 and the 50-day moving average back in play.
Top Trades for Tomorrow No. 4: Quantumscape (QS)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Last but not least, we have Quantumscape (NYSE:QS), which exploded higher by more than 14% on the day.
This stock has been absolutely buried from the highs, falling more than 85% from its December high to last month’s low. Now rallying, do bulls have a chance?
Earlier this week, the stock broke out over downtrend resistance, while also reclaiming the 10-day, 21-day and 50-day moving averages. With today’s rally, QS stock reclaimed the 21-week moving average, as well as the key $24 to $25 area. If it can hold this area, bulls can justify a long position.
On the downside, let’s see if shares can find this area as support, along with the 10-day moving average.
On the upside, however, $30 to $32 jumps out to me as a spot of interest. Above that and who knows, perhaps the 50-week and 200-day moving averages could be in play.
On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post 4 Top Stock Trades for Friday: TWTR, CRM, DELL, QS 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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3: Dell (DELL) Click to Enlarge Source: Chart courtesy of TrendSpider Salesforce was one stock I talked about this morning, Dell (NYSE:DELL) was the other. In this case, the premarket newshad Dell trading up toward (but not through) downtrend resistance and last week’s high at $102.14.
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Click to Enlarge Source: Chart courtesy of TrendSpider Salesforce was one stock I talked about this morning, Dell (NYSE:DELL) was the other. The post 4 Top Stock Trades for Friday: TWTR, CRM, DELL, QS appeared first on InvestorPlace. 3: Dell (DELL)
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Click to Enlarge Source: Chart courtesy of TrendSpider Salesforce was one stock I talked about this morning, Dell (NYSE:DELL) was the other. 3: Dell (DELL) In this case, the premarket newshad Dell trading up toward (but not through) downtrend resistance and last week’s high at $102.14.
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Click to Enlarge Source: Chart courtesy of TrendSpider Salesforce was one stock I talked about this morning, Dell (NYSE:DELL) was the other. The post 4 Top Stock Trades for Friday: TWTR, CRM, DELL, QS appeared first on InvestorPlace. 3: Dell (DELL)
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89ea48e9-3608-4bb3-81c0-9ff8c1ac4df2
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725934.0
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2021-09-23 00:00:00 UTC
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Dell Expects Compounded Annual Growth In Adj. EPS Of 6+% Through FY26
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DELL
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https://www.nasdaq.com/articles/dell-expects-compounded-annual-growth-in-adj.-eps-of-6-through-fy26-2021-09-23
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) said it will announce long-term guidance, a share repurchase program and outline its plans to begin paying quarterly dividends in its fiscal 2023 first quarter during its Securities Analyst Meeting taking place online Thursday at 10:00 a.m. ET.
The company expects compounded annual revenue growth of 3%-4% and compounded annual growth in non-GAAP earnings per share of 6+% through fiscal 2026.
The company will also announce that it expects net income to adjusted free cash flow conversion of 100% or better through this period.
The company noted that its third quarter fiscal 2022 expectations will remain consistent with the guidance described in the company's second quarterearnings call including year-over-year revenue growth in the mid- to high teens and operating income up 1%-2% sequentially.
The company also said it will announce approval of a share repurchase program of up to $5 billion effective November 2021, upon the projected completion of the VMware spin-off.
In addition, the company will announce that it plans to initiate a quarterly dividend with an attractive yield in its fiscal 2023 first quarter, targeting an annual dividend of approximately $1 billion.
The company is targeting returning 40%-60% of adjusted free cash flow to shareholders through share repurchases and dividends, starting in fiscal 2023.
The views and 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 (DELL) said it will announce long-term guidance, a share repurchase program and outline its plans to begin paying quarterly dividends in its fiscal 2023 first quarter during its Securities Analyst Meeting taking place online Thursday at 10:00 a.m. The company will also announce that it expects net income to adjusted free cash flow conversion of 100% or better through this period. The company also said it will announce approval of a share repurchase program of up to $5 billion effective November 2021, upon the projected completion of the VMware spin-off.
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(RTTNews) - Dell Technologies (DELL) said it will announce long-term guidance, a share repurchase program and outline its plans to begin paying quarterly dividends in its fiscal 2023 first quarter during its Securities Analyst Meeting taking place online Thursday at 10:00 a.m. The company expects compounded annual revenue growth of 3%-4% and compounded annual growth in non-GAAP earnings per share of 6+% through fiscal 2026. The company is targeting returning 40%-60% of adjusted free cash flow to shareholders through share repurchases and dividends, starting in fiscal 2023.
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(RTTNews) - Dell Technologies (DELL) said it will announce long-term guidance, a share repurchase program and outline its plans to begin paying quarterly dividends in its fiscal 2023 first quarter during its Securities Analyst Meeting taking place online Thursday at 10:00 a.m. The company noted that its third quarter fiscal 2022 expectations will remain consistent with the guidance described in the company's second quarterearnings call including year-over-year revenue growth in the mid- to high teens and operating income up 1%-2% sequentially. In addition, the company will announce that it plans to initiate a quarterly dividend with an attractive yield in its fiscal 2023 first quarter, targeting an annual dividend of approximately $1 billion.
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(RTTNews) - Dell Technologies (DELL) said it will announce long-term guidance, a share repurchase program and outline its plans to begin paying quarterly dividends in its fiscal 2023 first quarter during its Securities Analyst Meeting taking place online Thursday at 10:00 a.m. The company expects compounded annual revenue growth of 3%-4% and compounded annual growth in non-GAAP earnings per share of 6+% through fiscal 2026. In addition, the company will announce that it plans to initiate a quarterly dividend with an attractive yield in its fiscal 2023 first quarter, targeting an annual dividend of approximately $1 billion.
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800510ad-0522-4437-ba32-49a545bb76ca
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725935.0
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2021-09-21 00:00:00 UTC
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First Week of November 19th Options Trading For Dell Technologies (DELL)
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DELL
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https://www.nasdaq.com/articles/first-week-of-november-19th-options-trading-for-dell-technologies-dell-2021-09-21
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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 November 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new November 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $97.50 strike price has a current bid of $3.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $97.50, but will also collect the premium, putting the cost basis of the shares at $94.30 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $100.60/share today.
Because the $97.50 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.28% return on the cash commitment, or 20.29% 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 $97.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $105.00 strike price has a current bid of $2.71. If an investor was to purchase shares of DELL stock at the current price level of $100.60/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $105.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.07% if the stock gets called away at the November 19th 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 $105.00 strike highlighted in red:
Considering the fact that the $105.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.69% boost of extra return to the investor, or 16.65% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 30%, while the implied volatility in the call contract example is 29%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $100.60) to be 26%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
The views and 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 $105.00 strike highlighted in red: Considering the fact that the $105.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the November 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new November 19th 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 $105.00 strike highlighted in red: Considering the fact that the $105.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the November 19th expiration.
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Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $97.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $105.00 strike price has a current bid of $2.71. Below is a chart showing DELL's trailing twelve month trading history, with the $105.00 strike highlighted in red: Considering the fact that the $105.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the November 19th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new November 19th 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 $105.00 strike highlighted in red: Considering the fact that the $105.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the November 19th expiration.
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2b9d814f-2637-463a-999d-f77666889d42
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725936.0
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2021-09-17 00:00:00 UTC
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September Trading Rocked By More Seasonal Volatility
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DELL
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https://www.nasdaq.com/articles/september-trading-rocked-by-more-seasonal-volatility-2021-09-17
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nan
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nan
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It was a volatile week for the major benchmarks, keeping with September's historically rocky market trends. On Monday, the Dow Jones Industrial Average (DJI) rebounded from last week's slump by snapping a five-day losing streak. Tuesday, however, the blue-chip index notched a triple-digit loss, despite upbeat inflation data, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) were also drowning in red ink. A large portion of those losses were covered the next day, as the middle of the week's session ended in solid gains for the major indexes, with sentiment boosted by promising manufacturing data. The fickle week carried on Thursday, and the Dow once again slipped lower, after higher-than-expected weekly jobless claims overshadowed a surprise gain in August retail sales. The broader market is diving even deeper today, and at last check, all three benchmarks on track for weekly losses.
Tech Stocks Making Moves
Plenty of tech names were in the spotlight this week, starting with China-based Alibaba (BABA) stock, which was pressured lower as China's government continues to crack down on regulations. Both blue-chip member Salesforce.com (CRM)and Crowdstrike (CRWD) pulled back to a historically bullish trendlines, with the latter poised for more record highs. Elsewhere, bull notes gave Cisco (CSCO) and SoFi Technologies (SOFI) a boost, while Oracle (ORCL) received a round of post-earnings price-target hikes. Microsoft (MSFT) made headlines this week, after the launch of a $60 billion stock repurchase program, while Dell (DELL) was added to Goldman Sachs' "Conviction Buy" list.
Crypto Highlighted This Week
Cryptocurrency was big on investors' minds this week, with several stocks targeted, including these five crypto-adjacent names. One of these, Coinbase (COIN), garnered plenty of attention this week, following news that the platform has proposed a debt offering of $1.5 billion. Meme stock AMC Entertainment (AMC) made its way into the mix as well, after the movie theater giant said it will accept cryptocurrencies beyond Bitcoin (BTC) for online ticket and concession payments.
Busy Week Ahead
Next week is fairly busy in terms of economic data and earnings, with a news conference from Federal Reserve Chairman Jerome Powell on Wednesday. Adobe (ADBE), AutoZone (AZO), Blackberry (BB), Costco (COST), General Mills (GIS), Nike (NIKE), Rite Aid (RAD), and Stitch Fix (SFIX) are all set to announce their quarterly reports. In the meantime, see what's next for the S&P 500 Index after its recent pullback, according to Senior Quantitative Analyst Rocky White. Plus, Senior Vice President of Research Todd Salamone explains some of the historical weakness that comes with expiration week.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Microsoft (MSFT) made headlines this week, after the launch of a $60 billion stock repurchase program, while Dell (DELL) was added to Goldman Sachs' "Conviction Buy" list. On Monday, the Dow Jones Industrial Average (DJI) rebounded from last week's slump by snapping a five-day losing streak. A large portion of those losses were covered the next day, as the middle of the week's session ended in solid gains for the major indexes, with sentiment boosted by promising manufacturing data.
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Microsoft (MSFT) made headlines this week, after the launch of a $60 billion stock repurchase program, while Dell (DELL) was added to Goldman Sachs' "Conviction Buy" list. It was a volatile week for the major benchmarks, keeping with September's historically rocky market trends. Tech Stocks Making Moves Plenty of tech names were in the spotlight this week, starting with China-based Alibaba (BABA) stock, which was pressured lower as China's government continues to crack down on regulations.
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Microsoft (MSFT) made headlines this week, after the launch of a $60 billion stock repurchase program, while Dell (DELL) was added to Goldman Sachs' "Conviction Buy" list. The fickle week carried on Thursday, and the Dow once again slipped lower, after higher-than-expected weekly jobless claims overshadowed a surprise gain in August retail sales. Crypto Highlighted This Week Cryptocurrency was big on investors' minds this week, with several stocks targeted, including these five crypto-adjacent names.
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Microsoft (MSFT) made headlines this week, after the launch of a $60 billion stock repurchase program, while Dell (DELL) was added to Goldman Sachs' "Conviction Buy" list. It was a volatile week for the major benchmarks, keeping with September's historically rocky market trends. On Monday, the Dow Jones Industrial Average (DJI) rebounded from last week's slump by snapping a five-day losing streak.
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60d66dad-53a2-4623-bd2b-e4f01962498d
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725937.0
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2021-09-16 00:00:00 UTC
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Noteworthy Thursday Option Activity: DELL, EA, YETI
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DELL
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-dell-ea-yeti-2021-09-16
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 28,363 contracts have traded so far, representing approximately 2.8 million underlying shares. That amounts to about 116% of DELL's average daily trading volume over the past month of 2.4 million shares. Especially high volume was seen for the $100 strike call option expiring October 15, 2021, with 6,321 contracts trading so far today, representing approximately 632,100 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $100 strike highlighted in orange:
Electronic Arts, Inc. (Symbol: EA) options are showing a volume of 24,909 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 113.8% of EA's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $136 strike put option expiring September 24, 2021, with 4,340 contracts trading so far today, representing approximately 434,000 underlying shares of EA. Below is a chart showing EA's trailing twelve month trading history, with the $136 strike highlighted in orange:
And Yeti Holdings Inc (Symbol: YETI) saw options trading volume of 6,944 contracts, representing approximately 694,400 underlying shares or approximately 105.1% of YETI's average daily trading volume over the past month, of 660,985 shares. Particularly high volume was seen for the $95 strike put option expiring October 15, 2021, with 1,098 contracts trading so far today, representing approximately 109,800 underlying shares of YETI. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange:
For the various different available expirations for DELL options, EA options, or YETI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $100 strike call option expiring October 15, 2021, with 6,321 contracts trading so far today, representing approximately 632,100 underlying shares of DELL. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 28,363 contracts have traded so far, representing approximately 2.8 million underlying shares. That amounts to about 116% of DELL's average daily trading volume over the past month of 2.4 million shares.
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Especially high volume was seen for the $100 strike call option expiring October 15, 2021, with 6,321 contracts trading so far today, representing approximately 632,100 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $100 strike highlighted in orange: Electronic Arts, Inc. (Symbol: EA) options are showing a volume of 24,909 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 28,363 contracts have traded so far, representing approximately 2.8 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 28,363 contracts have traded so far, representing approximately 2.8 million underlying shares. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange: For the various different available expirations for DELL options, EA options, or YETI options, visit StockOptionsChannel.com. That amounts to about 116% of DELL's average daily trading volume over the past month of 2.4 million shares.
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Especially high volume was seen for the $100 strike call option expiring October 15, 2021, with 6,321 contracts trading so far today, representing approximately 632,100 underlying shares of DELL. Below is a chart showing YETI's trailing twelve month trading history, with the $95 strike highlighted in orange: For the various different available expirations for DELL options, EA options, or YETI options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 28,363 contracts have traded so far, representing approximately 2.8 million underlying shares.
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be740049-b39a-4563-975a-a1f22e3fad87
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725938.0
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2021-09-15 00:00:00 UTC
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First Week of January 2024 Options Trading For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/first-week-of-january-2024-options-trading-for-dell-technologies-2021-09-15
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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 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 856 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $95.00 strike price has a current bid of $13.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $95.00, but will also collect the premium, putting the cost basis of the shares at $82.00 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $98.20/share today.
Because the $95.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. 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 13.68% return on the cash commitment, or 5.83% 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 $95.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $100.00 strike price has a current bid of $14.60. If an investor was to purchase shares of DELL stock at the current price level of $98.20/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $100.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 16.70% if the stock gets called away at the January 2024 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 $100.00 strike highlighted in red:
Considering the fact that the $100.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 43%. 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 14.87% boost of extra return to the investor, or 6.34% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 34%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $98.20) to be 26%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
The views and 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 $100.00 strike highlighted in red: Considering the fact that the $100.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 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 $100.00 strike highlighted in red: Considering the fact that the $100.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 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 $95.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $100.00 strike price has a current bid of $14.60. Below is a chart showing DELL's trailing twelve month trading history, with the $100.00 strike highlighted in red: Considering the fact that the $100.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the January 2024 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new January 2024 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 $100.00 strike highlighted in red: Considering the fact that the $100.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available this week, for the January 2024 expiration.
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0b126a53-1f93-4850-b452-e08f4522ff2d
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725939.0
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2021-09-14 00:00:00 UTC
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Investing in Dell Technologies (NYSE:DELL) a year ago would have delivered you a 48% gain
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DELL
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https://www.nasdaq.com/articles/investing-in-dell-technologies-nyse%3Adell-a-year-ago-would-have-delivered-you-a-48-gain
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nan
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nan
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If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the Dell Technologies Inc. (NYSE:DELL) share price is 48% higher than it was a year ago, much better than the market return of around 33% (not including dividends) in the same period. So that should have shareholders smiling. Dell Technologies hasn't been listed for long, so it's still not clear if it is a long term winner.
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During the last year Dell Technologies grew its earnings per share (EPS) by 73%. It's fair to say that the share price gain of 48% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about Dell Technologies as it was before. This could be an opportunity.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
NYSE:DELL Earnings Per Share Growth September 14th 2021
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Dell Technologies' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
A Different Perspective
Dell Technologies boasts a total shareholder return of 48% for the last year. We regret to report that the share price is down 3.9% over ninety days. It may simply be that the share price got ahead of itself, although there may have been fundamental developments that are weighing on it. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Case in point: We've spotted 4 warning signs for Dell Technologies you should be aware of, and 1 of them doesn't sit too well with us.
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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NYSE:DELL Earnings Per Share Growth September 14th 2021 It's probably worth noting that the CEO is paid less than the median at similar sized companies. This free interactive report on Dell Technologies' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. To wit, the Dell Technologies Inc. (NYSE:DELL) share price is 48% higher than it was a year ago, much better than the market return of around 33% (not including dividends) in the same period.
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To wit, the Dell Technologies Inc. (NYSE:DELL) share price is 48% higher than it was a year ago, much better than the market return of around 33% (not including dividends) in the same period. NYSE:DELL Earnings Per Share Growth September 14th 2021 It's probably worth noting that the CEO is paid less than the median at similar sized companies. Dell Technologies hasn't been listed for long, so it's still not clear if it is a long term winner.
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To wit, the Dell Technologies Inc. (NYSE:DELL) share price is 48% higher than it was a year ago, much better than the market return of around 33% (not including dividends) in the same period. Dell Technologies hasn't been listed for long, so it's still not clear if it is a long term winner. During the last year Dell Technologies grew its earnings per share (EPS) by 73%.
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During the last year Dell Technologies grew its earnings per share (EPS) by 73%. NYSE:DELL Earnings Per Share Growth September 14th 2021 It's probably worth noting that the CEO is paid less than the median at similar sized companies. To wit, the Dell Technologies Inc. (NYSE:DELL) share price is 48% higher than it was a year ago, much better than the market return of around 33% (not including dividends) in the same period.
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8c096f37-41c1-40bb-bf85-c2ba2952a42e
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725940.0
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2021-09-07 00:00:00 UTC
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Notable Tuesday Option Activity: DELL, LOVE, PM
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DELL
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-dell-love-pm-2021-09-07
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 9,702 contracts have traded so far, representing approximately 970,200 underlying shares. That amounts to about 53.4% of DELL's average daily trading volume over the past month of 1.8 million shares. Especially high volume was seen for the $120 strike call option expiring October 15, 2021, with 2,194 contracts trading so far today, representing approximately 219,400 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $120 strike highlighted in orange:
Lovesac Co (Symbol: LOVE) saw options trading volume of 1,607 contracts, representing approximately 160,700 underlying shares or approximately 51.5% of LOVE's average daily trading volume over the past month, of 312,145 shares. Especially high volume was seen for the $60 strike call option expiring September 17, 2021, with 411 contracts trading so far today, representing approximately 41,100 underlying shares of LOVE. Below is a chart showing LOVE's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Philip Morris International Inc (Symbol: PM) saw options trading volume of 13,939 contracts, representing approximately 1.4 million underlying shares or approximately 50% of PM's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $110 strike call option expiring October 15, 2021, with 2,837 contracts trading so far today, representing approximately 283,700 underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for DELL options, LOVE options, or PM options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $120 strike call option expiring October 15, 2021, with 2,194 contracts trading so far today, representing approximately 219,400 underlying shares of DELL. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 9,702 contracts have traded so far, representing approximately 970,200 underlying shares. That amounts to about 53.4% of DELL's average daily trading volume over the past month of 1.8 million shares.
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Especially high volume was seen for the $120 strike call option expiring October 15, 2021, with 2,194 contracts trading so far today, representing approximately 219,400 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $120 strike highlighted in orange: Lovesac Co (Symbol: LOVE) saw options trading volume of 1,607 contracts, representing approximately 160,700 underlying shares or approximately 51.5% of LOVE's average daily trading volume over the past month, of 312,145 shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 9,702 contracts have traded so far, representing approximately 970,200 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 9,702 contracts have traded so far, representing approximately 970,200 underlying shares. Below is a chart showing DELL's trailing twelve month trading history, with the $120 strike highlighted in orange: Lovesac Co (Symbol: LOVE) saw options trading volume of 1,607 contracts, representing approximately 160,700 underlying shares or approximately 51.5% of LOVE's average daily trading volume over the past month, of 312,145 shares. That amounts to about 53.4% of DELL's average daily trading volume over the past month of 1.8 million shares.
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Especially high volume was seen for the $120 strike call option expiring October 15, 2021, with 2,194 contracts trading so far today, representing approximately 219,400 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $120 strike highlighted in orange: Lovesac Co (Symbol: LOVE) saw options trading volume of 1,607 contracts, representing approximately 160,700 underlying shares or approximately 51.5% of LOVE's average daily trading volume over the past month, of 312,145 shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dell Technologies Inc (Symbol: DELL), where a total of 9,702 contracts have traded so far, representing approximately 970,200 underlying shares.
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79488191-2677-4a35-90f3-2aec48100e4d
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725941.0
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2021-09-01 00:00:00 UTC
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Everything You Need to Know About Square's $29 Billion Afterpay Acquisition
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DELL
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https://www.nasdaq.com/articles/everything-you-need-to-know-about-squares-%2429-billion-afterpay-acquisition-2021-09-01
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nan
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nan
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Square (NYSE: SQ) surprised investors recently by announcing it plans to dive in headfirst to the buy now, pay later, or BNPL, space with a $29 billion acquisition of Afterpay. In this Fool Live video clip, recorded on Aug. 23, Fool.com contributors Matt Frankel, CFP, and Brian Withers discuss why Square might be willing to pay such a hefty sum.
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Matt Frankel: A couple of points I wanted to hit on the Afterpay acquisition. I've said before on other shows that I'm a fan of the acquisition. I'm not a fan of the price they're paying. I think they're paying a lot. Let's dig into what Afterpay is and why Square might be so interested in it. Buy now, pay later service is essentially, if you ever go to checkout on PayPal or on Amazon or any of these companies and they say, "Spread this over six interest-free payments." That's a buy now, pay later service. That's essentially what Afterpay does. If you look at this chart here, this is Afterpay's growth in customers, both consumers, and merchants. I really think the merchants are the big thing to notice here.
A couple of years ago, Square had about 2 million merchants in its ecosystem so Square's merchant count is in the millions. Afterpay's is 98,000. But this is what I was saying earlier, where I take issue with Square calling a business selling over 125,000 a year as a big client. Afterpay's merchant skew to huge merchants. This 98,000 figure includes companies like Amazon, like CVS, like Dell. Not typical Square merchants, Nike, Target, Walgreens. These are companies that are using Afterpay's service to allow their customers to pay later for products they're buying now.
That's why you're seeing such a big difference between those merchant and consumers numbers. Because their merchants have a lot of customers and this doesn't even really scratch the surface of the big merchants like Amazon or anything like that. About 16 million customers, which from Square's point of view, they could bring those into the Cash App ecosystem, which is exactly what they're planning to do. The Cash App has 40 million active users in the ecosystem so this is a pretty big bump if they can even get half of them to use other Cash App services. That's one point I wanted to mention, the other, sorry if this looks weird while I'm scrolling, Afterpay is growing fast.
Buy now, pay later is a red-hot sub-sector of the financial space. We saw Affirm go public last year, that's a big one. Affirm's big client is Peloton. Everyone's financing these $3,000 bikes over 36 months interest-free or whatever it is, that's Affirm. PayPal has built out their own buy now, pay later service so I guess Square figured they need to catch up and they're late to the party here. This also helped Square get into online retail because most of these buy now, pay later purchases, not all, but most are made through card-not-present transactions either on a mobile app, on a retailer's website, something like that. They've grown tremendously. They've more than quadrupled their merchandise volume over the past few fiscal years and this adds an instant $700 million of revenue to Square's ecosystem, which as we saw on the previous slide, is not nothing.
Square's revenue without Bitcoin is just over $2 billion. Adding $700 million of revenue is not just a drop in the bucket. Especially, this is high margin revenue. Going through this, here's how Afterpay breaks down by region. They are based in Australia, which is why that Australia and New Zealand, the green color you see in the bars is so big. Brian mentioned domestic versus international growth plans at Square. Square is mostly a domestic business, they're in a few other markets around the world, I believe Australia is one of them, Brian?
Brian Withers: Yes.
Frankel: But they are mostly a domestic business at this point, Afterpay is not. The biggest source of their revenue is North America which might be surprising being that it's an Australian-based company. But it's not the bulk of it, Australia is almost as big as North America right there when you look at the revenue make-up here. Of those 16 million consumers that use Afterpay, you'd have to assume about half of them are outside of North America. So this really gives Square's international expansion opportunity a big shot in the arm. I'm excited to see that. I think that's a big part of what Square is thinking with the strategy. If they can open their Cash App up to 16 million users, 8 or 9 million of which are not in North America, I think it's a pretty big deal.
Withers: It's interesting to me, it looked the two things that you brought forward, these large merchants like CVS and Amazon, I think before this, Square really didn't have any reason to talk to these retailers or these enterprise-sized businesses at all. Certainly, CVS and these other companies are not going to use Square terminals for cash payments and they might take, I guess if Square had a credit card, wanted to say they did, they'd do that but that would be the only piece. So they get exposure, maybe not serving them as a customer, but really getting to understand these larger businesses and what drives them. Then on the international side, like you said, I think the last number I saw was 94% of their revenue was, I think U.S. and Canada. Six percent outside of and U.K. They just got into Ireland, Australia, and a few other countries in Europe and that's it.
Frankel: Yeah, so this is going to be really big for their international plans. They outlined their rationale for it and like their growth slide show that Brian mentioned it's not that specific. They mentioned they want to integrate it in both the seller and Cash App ecosystems. They want to allow Square sellers to facilitate buy now, pay later plans. They want to let Afterpay users access their accounts through the Cash App, which are just smart strategic move because then it shows them all the other Cash App features that they can use. A couple of more things I wanted to mention here, integrating into the seller ecosystem so any Square seller can offer buy now, pay later which helps level the playing field between smaller merchants and large ones that have traditionally been able to offer this stuff and in Cash App, you'll see you can start your Afterpay installment plan right through the Cash App, which will be much better functionality than right now. Because I got to admit if I wanted to do buy now, pay later unless the retailer had a button that said "Use Afterpay for this," I wouldn't know how to do it. That really can help Afterpay's growth story continue. The other thing I wanted to mention before I hand it back to Brian, I think we have to wrap it up in a couple of minutes.
Withers: Yeah.
Frankel: The transaction overview I mentioned, it's an all-stock transaction. That $29 billion is based on, as of the date this was announced. Afterpay shareholders, which it trades on the Australian Stock Exchange will get 0.375 shares of Square for every Afterpay share they own. The valuation can actually change. I think it has changed. I think it's in the $30 billions right now. That's the Afterpay acquisition in a nutshell. I like the acquisition, not really the price.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Brian Withers owns shares of Square. Matthew Frankel, CFP owns shares of Square. The Motley Fool owns shares of and recommends Affirm Holdings, Inc., Amazon, Nike, PayPal Holdings, Peloton Interactive, and Square. The Motley Fool recommends CVS Health and recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2022 $75 calls on PayPal Holdings, and short January 2022 $1,940 calls on Amazon. 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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This 98,000 figure includes companies like Amazon, like CVS, like Dell. Square (NYSE: SQ) surprised investors recently by announcing it plans to dive in headfirst to the buy now, pay later, or BNPL, space with a $29 billion acquisition of Afterpay. In this Fool Live video clip, recorded on Aug. 23, Fool.com contributors Matt Frankel, CFP, and Brian Withers discuss why Square might be willing to pay such a hefty sum.
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This 98,000 figure includes companies like Amazon, like CVS, like Dell. A couple of more things I wanted to mention here, integrating into the seller ecosystem so any Square seller can offer buy now, pay later which helps level the playing field between smaller merchants and large ones that have traditionally been able to offer this stuff and in Cash App, you'll see you can start your Afterpay installment plan right through the Cash App, which will be much better functionality than right now. The Motley Fool owns shares of and recommends Affirm Holdings, Inc., Amazon, Nike, PayPal Holdings, Peloton Interactive, and Square.
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This 98,000 figure includes companies like Amazon, like CVS, like Dell. Square (NYSE: SQ) surprised investors recently by announcing it plans to dive in headfirst to the buy now, pay later, or BNPL, space with a $29 billion acquisition of Afterpay. A couple of years ago, Square had about 2 million merchants in its ecosystem so Square's merchant count is in the millions.
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This 98,000 figure includes companies like Amazon, like CVS, like Dell. Afterpay's is 98,000. These are companies that are using Afterpay's service to allow their customers to pay later for products they're buying now.
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1528177e-c2c4-4df7-bf24-802cba77cee4
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725942.0
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2021-08-28 00:00:00 UTC
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This Stock Has Jumped 5x in Five Years. Consider Buying Before It Soars Higher
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DELL
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https://www.nasdaq.com/articles/this-stock-has-jumped-5x-in-five-years.-consider-buying-before-it-soars-higher-2021-08-28
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nan
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nan
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A $1,000 investment in Keysight Technologies (NYSE: KEYS) five years ago is worth more than $5,600 now thanks to the consistent growth in the company's top and bottom lines. What's impressive is that Keysight has remained a top stock despite running into hiccups on account of the COVID-19 outbreak in 2020.
The networking test equipment manufacturer faced operational disruptions last year as the pandemic gripped the globe, triggering a decline in revenue and earnings as it had to halt production. However, Keysight has bounced back from last year's disappointment -- as its latest quarterly results indicate -- and is on track to get better. Let's look at the reasons why investors looking to buy a tech stock should consider it.
Image source: Getty Images
Keysight crushes expectations as demand improves
The company's results have been improving as business activity has picked up in a post-pandemic scenario. The company delivered 23% year-over-year revenue growth in the third quarter of fiscal 2021 to reach a record $1.25 billion. Core revenue growth stood at 21% year over year after excluding the impact of currency changes and revenue from any businesses divested in the past year.
The company's non-GAAP (adjusted) net income increased to $1.54 per share during the quarter from $1.19 per share a year ago. It is worth noting that the results exceeded the higher end of the company's guidance. Keysight had originally guided for $1.42 per share in earnings on revenue of $1.21 billion, but strong growth in orders and the addition of new customers led to stronger-than-expected growth.
Keysight points out that it added 1,900 customers in 2020 and is on track to exceed that figure this year. What's more, the company exited Q3 with record orders. Its orders increased 23% year over year to $1.31 billion, which was a quarterly record. This makes three straight quarters of double-digit growth in revenue and orders.
Management pointed out on the latest earnings conference call that "order and revenue strength was notable across all markets and regions." Not surprisingly, Keysight expects its impressive momentum to spill over into 2022. However, the markets that the company caters to could help it sustain its high levels of growth beyond next year.
Why the stock is primed for more upside
Keysight's revenue and earnings are on track to clock a compound annual growth rate (CAGR) of 9% and 16%, respectively, from 2015 to 2021. However, it is worth noting that the company's growth this fiscal year will easily outpace its historical pace. It expects to finish fiscal 2021 with 16% revenue growth and a 24% spike in earnings over last year.
The good news is that Keysight serves three lucrative markets that could help it grow at a faster pace in the coming years as compared to the historical levels. The commercial communications business, which accounts for 48% of the company's total revenue, witnessed record orders last quarter thanks to the deployment of 5G networks, the increasing adoption of open radio access network (O-RAN), and the deployment of faster Ethernet in data centers.
The company now boasts of a solid customer base in the market for 5G chips, with the likes of Qualcomm, Samsung, Dell, and NEC deploying its solutions. Mordor Intelligence estimates that the 5G infrastructure market could clock a CAGR of 53% through 2026, indicating that the demand for Keysight's test and measurement solutions will continue to remain strong.
The booming demand for 5G chipsets is also driving impressive growth in Keysight's electronic industrial solutions group, which produced 30% of the top line last quarter and recorded a 48% year-over-year jump in revenue. The segment also benefited from record automotive orders last quarter. Investors can expect the automotive business to be a critical growth driver for Keysight in the future as the semiconductor content in vehicles increases.
IHS Markit estimates that the global automotive semiconductor market could hit $67.6 billion in revenue by 2026 as compared with $38 billion last year, so don't be surprised to see Keysight supply more of its design and test solutions to this space.
In all, it can be concluded that Keysight has a secular catalyst in the form of growing semiconductor demand across a wide range of verticals that could help it grow at a faster pace in the coming years. That's why investors who have missed its rally over the past five years shouldn't be disappointed, as it can replicate its performance going forward and remain a growth stock for a long time to come.
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Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Qualcomm. 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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The company now boasts of a solid customer base in the market for 5G chips, with the likes of Qualcomm, Samsung, Dell, and NEC deploying its solutions. The networking test equipment manufacturer faced operational disruptions last year as the pandemic gripped the globe, triggering a decline in revenue and earnings as it had to halt production. The booming demand for 5G chipsets is also driving impressive growth in Keysight's electronic industrial solutions group, which produced 30% of the top line last quarter and recorded a 48% year-over-year jump in revenue.
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The company now boasts of a solid customer base in the market for 5G chips, with the likes of Qualcomm, Samsung, Dell, and NEC deploying its solutions. Image source: Getty Images Keysight crushes expectations as demand improves The company's results have been improving as business activity has picked up in a post-pandemic scenario. The commercial communications business, which accounts for 48% of the company's total revenue, witnessed record orders last quarter thanks to the deployment of 5G networks, the increasing adoption of open radio access network (O-RAN), and the deployment of faster Ethernet in data centers.
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The company now boasts of a solid customer base in the market for 5G chips, with the likes of Qualcomm, Samsung, Dell, and NEC deploying its solutions. Core revenue growth stood at 21% year over year after excluding the impact of currency changes and revenue from any businesses divested in the past year. Keysight had originally guided for $1.42 per share in earnings on revenue of $1.21 billion, but strong growth in orders and the addition of new customers led to stronger-than-expected growth.
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The company now boasts of a solid customer base in the market for 5G chips, with the likes of Qualcomm, Samsung, Dell, and NEC deploying its solutions. Its orders increased 23% year over year to $1.31 billion, which was a quarterly record. The good news is that Keysight serves three lucrative markets that could help it grow at a faster pace in the coming years as compared to the historical levels.
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d467dfa8-4c9f-4c34-ab08-183c917e2ebb
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725943.0
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2021-08-27 00:00:00 UTC
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Benchmarks Log Strong Week Amid News Deluge
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DELL
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https://www.nasdaq.com/articles/benchmarks-log-strong-week-amid-news-deluge-2021-08-27
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nan
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nan
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Vaccine updates, the Federal Reserve's annual Jackson Hole symposium, and news out of Afghanistan made for an eventful week on Wall Street. The Nasdaq Composite (IXIC) kicked it off with a bang, scoring a new record high on Monday after the U.S. Federal Drug Administration fully approved the Pfizer (PFE) and BioNTech (BNTX) vaccine. Stocks turned in more muted gains on Tuesday, after the U.S. Securities and Exchange Commission (SEC) said U.S.-traded Chinese companies may soon have to disclose political and regulatory risks to investors. Plus, the U.S. House of Representatives passed a $3.5 trillion budget resolution and advanced a $1 trillion infrastructure bill.
The major indexes turned in wins on Wednesday, with the S&P 500 Index (SPX) crossing the 4,500 level for the first time ever, and notching a fifth-straight daily win and record close alongside the Nasdaq. Boosting sentiment was the 10-year Treasury yield, which lifted both bank and reopening stocks. Meanwhile, the Dow Jones Industrial Average (DJI) scored its fourth-consecutive gain. All three benchmarks snapped their win streaks on Thursday, though, as investors kept waiting for stimulus comments from the Fed's Jackson Hole symposium.
Investors were also concerned by news out of Afghanistan, where explosions in Kabul airport killed U.S. service members. Nonetheless, stocks bounced back on Friday, as investors digested Fed Chairman Jerome Powell's comments supporting the central bank's tapering of bond purchases in 2021. However, he noted that interest rake hikes would not immediately follow. At last check, all three indexes were eyeing weekly gains.
Tech Stocks in Focus
A number of tech players attracted investors' attention this week. Coinbase (COIN) was among them, after the online brokerage firm surged above the $50,000 level as Bitcoin (BTC) popped. Digital payments name PayPal (PYPL) was riding that same wave, after it expanded its crypto services to U.K. clients. Meanwhile, DiDi Global (DIDI) suspended its plans to launch in Britain and continental Europe due to regulatory pressures, and Palantir Technologies (PLTR) saw an options surge after its earnings report. Elsewhere, bulls blasted Palo Alto networks (PNW) on its blowout fiscal fourth-quarter results.
Another tech name attracting bull notes after an upbeat earnings report was Snowflake (SNOW). Zoom Video Communications (ZM) went even further, scoring a lofty upgrade before next week's quarterly results. Dell (DELL) was not nearly as lucky, brushing off an earnings beat despite positive analyst attention. Conversely, Workday (WDAY) surged after sentiment spiked in light of its earnings beat.
More Earnings on Tap
Tech stocks were not the only ones to set foot into the earnings confessional this week. Best Buy's (BBY) options pits exploded after the company raised its same-store sales guidance for the year. Analysts responded to Urban Outfitter's (URBN) earnings win, too, despite slowing in-store traffic. Meanwhile, call traders bought Nordstrom (JWN) on the dip, after the luxury retailer posted better-than-expected second-quarter results. Plus, Pure Storage (PSTG) was eyeing its fourth-straight win ahead of its report.
Apparel retailer Express (EXPR) was looking to snap its win streak before itsearnings call on the other hand, while Ulta Beauty (ULTA) surged to records after raising its full-year guidance. Options traders were betting big on Big Lots (BIG) ahead of its report, and blasted Peloton (PTON) after the exercise staple posted wider-than-expected losses.
End of Q3 to Kick Off with Manufacturing, Services Data
The month of August is coming to a close next week, meaning the tail end of the third quarter is upon us. There will be no shortage of economic data for investors to digest as they kick off September, though, with the Chicago purchasing managers' index (PMI), as well as manufacturing and services data on tap. Earnings reports will be trickling in, too, as major names including Campbell Soup (CPB), DocuSign (DOCU), Zoom Video (ZM), and more step into the confessional. Until then, keep track of these key trendlines following the Fed aftershock, and see how oil usually reacts after speculators bail.
The views and 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) was not nearly as lucky, brushing off an earnings beat despite positive analyst attention. The Nasdaq Composite (IXIC) kicked it off with a bang, scoring a new record high on Monday after the U.S. Federal Drug Administration fully approved the Pfizer (PFE) and BioNTech (BNTX) vaccine. Stocks turned in more muted gains on Tuesday, after the U.S. Securities and Exchange Commission (SEC) said U.S.-traded Chinese companies may soon have to disclose political and regulatory risks to investors.
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Dell (DELL) was not nearly as lucky, brushing off an earnings beat despite positive analyst attention. All three benchmarks snapped their win streaks on Thursday, though, as investors kept waiting for stimulus comments from the Fed's Jackson Hole symposium. Another tech name attracting bull notes after an upbeat earnings report was Snowflake (SNOW).
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Dell (DELL) was not nearly as lucky, brushing off an earnings beat despite positive analyst attention. The major indexes turned in wins on Wednesday, with the S&P 500 Index (SPX) crossing the 4,500 level for the first time ever, and notching a fifth-straight daily win and record close alongside the Nasdaq. More Earnings on Tap Tech stocks were not the only ones to set foot into the earnings confessional this week.
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Dell (DELL) was not nearly as lucky, brushing off an earnings beat despite positive analyst attention. Vaccine updates, the Federal Reserve's annual Jackson Hole symposium, and news out of Afghanistan made for an eventful week on Wall Street. At last check, all three indexes were eyeing weekly gains.
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9b7ed7bc-e49a-40f7-9ba5-d17f88756f2d
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725944.0
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2021-08-26 00:00:00 UTC
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Dell Technologies Q2 Profit Trounces Wall Street View
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DELL
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https://www.nasdaq.com/articles/dell-technologies-q2-profit-trounces-wall-street-view-2021-08-26
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) Thursday reported a profit for the second quarter that trumped Wall Street view, as revenues jumped 15%, driven largely by strong demand for products like desktops and notebooks.
Round Rock, Texas-based Dell's second-quarter profit slipped to $880 million or $1.05 per share from $1.10 billion or $1.37 per share last year.
Adjusted earnings were $1.91 billion or $2.24 per share for the period, up from $1.62 billion or $1.92 per share last year. Analysts polled by Thomson Reuters estimated earnings of $2.03 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 15% to $26.12 billion from $22.73 billion last year. Analysts had a consensus revenue estimate of $25.50 billion.
Client Solutions Group revenues grew to 27% to a record $14.3 billion, with commercial client revenue up 32% and consumer revenue up 17%.
Infrastructure Solutions Group revenue rose 3% to $8.4 billion, as servers and networking revenue was up 6% and storage revenue slipped 1%.
"We had strong results again this quarter, with all business units growing," said Tom Sweet, chief financial officer, Dell Technologies. "We are creating long-term value by taking share, pursuing high-value growth opportunities and profitably growing and modernizing our core business. For example, in the storage space, VxRail orders were up 34% and PowerStore continues to ramp up nicely."
DELL closed Thursday's trading at $101.55, down $0.51 or 0.50%, on the Nasdaq. The stock further slipped $1.55 or 1.53% 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 (DELL) Thursday reported a profit for the second quarter that trumped Wall Street view, as revenues jumped 15%, driven largely by strong demand for products like desktops and notebooks. "We had strong results again this quarter, with all business units growing," said Tom Sweet, chief financial officer, Dell Technologies. Round Rock, Texas-based Dell's second-quarter profit slipped to $880 million or $1.05 per share from $1.10 billion or $1.37 per share last year.
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(RTTNews) - Dell Technologies (DELL) Thursday reported a profit for the second quarter that trumped Wall Street view, as revenues jumped 15%, driven largely by strong demand for products like desktops and notebooks. Round Rock, Texas-based Dell's second-quarter profit slipped to $880 million or $1.05 per share from $1.10 billion or $1.37 per share last year. "We had strong results again this quarter, with all business units growing," said Tom Sweet, chief financial officer, Dell Technologies.
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(RTTNews) - Dell Technologies (DELL) Thursday reported a profit for the second quarter that trumped Wall Street view, as revenues jumped 15%, driven largely by strong demand for products like desktops and notebooks. Round Rock, Texas-based Dell's second-quarter profit slipped to $880 million or $1.05 per share from $1.10 billion or $1.37 per share last year. "We had strong results again this quarter, with all business units growing," said Tom Sweet, chief financial officer, Dell Technologies.
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DELL closed Thursday's trading at $101.55, down $0.51 or 0.50%, on the Nasdaq. (RTTNews) - Dell Technologies (DELL) Thursday reported a profit for the second quarter that trumped Wall Street view, as revenues jumped 15%, driven largely by strong demand for products like desktops and notebooks. Round Rock, Texas-based Dell's second-quarter profit slipped to $880 million or $1.05 per share from $1.10 billion or $1.37 per share last year.
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13ebf735-0d34-4114-8e9b-3d946b600f4c
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725945.0
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2021-08-26 00:00:00 UTC
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Dell Inc. Q2 adjusted earnings Beat Estimates
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DELL
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https://www.nasdaq.com/articles/dell-inc.-q2-adjusted-earnings-beat-estimates-2021-08-26
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) announced earnings for second quarter that decreased from last year.
The company's bottom line totaled $0.88 billion, or $1.05 per share. This compares with $1.10 billion, or $1.37 per share, in last year's second quarter.
Excluding items, Dell Inc. reported adjusted earnings of $1.91 billion or $2.24 per share for the period.
Analysts had expected the company to earn $2.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.7% to $26.13 billion from $22.78 billion last year.
Dell Inc. earnings at a glance:
-Earnings (Q2): $1.91 Bln. vs. $1.62 Bln. last year. -EPS (Q2): $2.24 vs. $1.92 last year. -Analysts Estimate: $2.03 -Revenue (Q2): $26.13 Bln vs. $22.78 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Excluding items, Dell Inc. reported adjusted earnings of $1.91 billion or $2.24 per share for the period. (RTTNews) - Dell Inc. (DELL) announced earnings for second quarter that decreased from last year. Dell Inc. earnings at a glance: -Earnings (Q2): $1.91 Bln.
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Excluding items, Dell Inc. reported adjusted earnings of $1.91 billion or $2.24 per share for the period. (RTTNews) - Dell Inc. (DELL) announced earnings for second quarter that decreased from last year. Dell Inc. earnings at a glance: -Earnings (Q2): $1.91 Bln.
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(RTTNews) - Dell Inc. (DELL) announced earnings for second quarter that decreased from last year. Excluding items, Dell Inc. reported adjusted earnings of $1.91 billion or $2.24 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q2): $1.91 Bln.
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(RTTNews) - Dell Inc. (DELL) announced earnings for second quarter that decreased from last year. Excluding items, Dell Inc. reported adjusted earnings of $1.91 billion or $2.24 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q2): $1.91 Bln.
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508bc2d0-e4e8-4552-a9d5-f0b6831a6f67
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725946.0
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2021-08-26 00:00:00 UTC
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Dell beats revenue estimates as remote work fuels demand
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DELL
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https://www.nasdaq.com/articles/dell-beats-revenue-estimates-as-remote-work-fuels-demand-2021-08-26
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nan
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nan
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Aug 26 (Reuters) - Dell Technologies Inc DELL.N beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services.
People globally continue to spend on computer devices even after a year of working from home. Figures from International Data Corp showed shipments of PCs rose 13% from April to June, but the pace of growth was much slower than last year's frenzy.
While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions unit - home to its hardware devices - surged 27% to a record $14.3 billion.
Its cloud-computing unit, VMware, grew 8%, thanks to orders from companies looking to cut costs and expand their digital presence.
Total revenue jumped 15% to $26.12 billion, beating the analysts' average estimate of $25.53 billion, according to Refinitiv data.
The reopening of the economy has redirected some consumer spending away from computers to other sectors. But a recent rise in COVID-19 cases has prompted renewed curbs and could potentially boost the demand for remote-working equipment.
Dell's net income fell to $880 million, or $1.05 per share, in the quarter ended July 30, from $1.01 billion, or $1.37 per share, a year earlier.
(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 26 (Reuters) - Dell Technologies Inc DELL.N beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services. While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions unit - home to its hardware devices - surged 27% to a record $14.3 billion. Dell's net income fell to $880 million, or $1.05 per share, in the quarter ended July 30, from $1.01 billion, or $1.37 per share, a year earlier.
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While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions unit - home to its hardware devices - surged 27% to a record $14.3 billion. Aug 26 (Reuters) - Dell Technologies Inc DELL.N beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services. Dell's net income fell to $880 million, or $1.05 per share, in the quarter ended July 30, from $1.01 billion, or $1.37 per share, a year earlier.
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Aug 26 (Reuters) - Dell Technologies Inc DELL.N beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services. While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions unit - home to its hardware devices - surged 27% to a record $14.3 billion. Dell's net income fell to $880 million, or $1.05 per share, in the quarter ended July 30, from $1.01 billion, or $1.37 per share, a year earlier.
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Aug 26 (Reuters) - Dell Technologies Inc DELL.N beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services. While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions unit - home to its hardware devices - surged 27% to a record $14.3 billion. Dell's net income fell to $880 million, or $1.05 per share, in the quarter ended July 30, from $1.01 billion, or $1.37 per share, a year earlier.
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13ca20e2-40c3-4b9b-ac9f-215f11f4df74
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725947.0
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2021-08-26 00:00:00 UTC
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US STOCKS-Futures edge lower ahead of weekly jobless claims, GDP numbers
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DELL
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https://www.nasdaq.com/articles/us-stocks-futures-edge-lower-ahead-of-weekly-jobless-claims-gdp-numbers-2021-08-26
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures: Dow up 0.05%, S&P down 0.06%, Nasdaq falls 0.15%
Aug 26 (Reuters) - U.S. stock index futures edged lower on Thursday, a day after the S&P 500 and the Nasdaq hit record closing highs, as investors refrained from making big bets ahead of a barrage of economic data releases and the Federal Reserve's policy summit.
U.S. stocks have hit a series of record closing highs in the past few sessions, driven by a much stronger-than-expected earnings season and positive news about COVID-19 vaccinations.
Among earnings-driven moves, cosmetics maker Coty gained 2.8% in premarket trading, while beauty chain Ulta Beauty Inc ULTA.O climbed 5.3%. Dollar General Corp DG.N, however, slipped 3.6% after it forecast annual profit below analysts' estimates.
Discount retailer Dollar Tree Inc DLTR.O, apparel retailers Abercrombie & Fitch Co ANF.N and Gap Inc GPS.N and PC makers Dell Technologies Inc DELL.N and HP Inc HPQ.N are all set to report their quarterly results on Thursday.
Investors will closely watch the Labor Department's weekly jobless claims report, due at 08:30 a.m. ET, ahead of the Fed's economic symposium in Jackson Hole on Friday, for clues on the timing of the paring of its bond purchases program.
Strategists have projected the benchmark S&P 500 .SPX to end the year at 4,500 points, essentially unchanged, expecting the economic recovery as well as earnings growth to lose momentum amid a spike in coronavirus cases and a wind-down of stimulus.
The Bank of Korea raised its policy rate off a record low on Thursday - the first central bank of a major Asian economy to do so - in a transition away from pandemic-era stimulus.
A report is likely to show the U.S. economy grew faster in the second quarter than initially thought, as massive fiscal stimulus and vaccinations against COVID-19 boosted spending.
At 6:52 a.m. ET, Dow e-minis 1YMcv1 were up 19 points, or 0.05%, S&P 500 e-minis EScv1 were down 2.75 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were down 23.75 points, or 0.15%.
NetApp Inc NTAP.O added 3.3% as brokerages raised their price targets on the cloud data services provider's stock following upbeat first quarter result and better-than expected 2022 earnings outlook.
Among other stocks, oil majors Exxon Mobil XOM.N, Chevron Corp CVX.N and Schlumberger NV SLB.N fell 0.5% each, tracking crude prices lower.
Mega-cap technology stocks Microsoft Corp MSFT.O, Facebook Inc FB.O, Apple Inc AAPL.O, Amazon.com AMZN.O, and Tesla Inc TSLA.O slipped between 0.1% and 0.4%.
(Reporting by Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Discount retailer Dollar Tree Inc DLTR.O, apparel retailers Abercrombie & Fitch Co ANF.N and Gap Inc GPS.N and PC makers Dell Technologies Inc DELL.N and HP Inc HPQ.N are all set to report their quarterly results on Thursday. U.S. stocks have hit a series of record closing highs in the past few sessions, driven by a much stronger-than-expected earnings season and positive news about COVID-19 vaccinations. Strategists have projected the benchmark S&P 500 .SPX to end the year at 4,500 points, essentially unchanged, expecting the economic recovery as well as earnings growth to lose momentum amid a spike in coronavirus cases and a wind-down of stimulus.
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Discount retailer Dollar Tree Inc DLTR.O, apparel retailers Abercrombie & Fitch Co ANF.N and Gap Inc GPS.N and PC makers Dell Technologies Inc DELL.N and HP Inc HPQ.N are all set to report their quarterly results on Thursday. Futures: Dow up 0.05%, S&P down 0.06%, Nasdaq falls 0.15% Aug 26 (Reuters) - U.S. stock index futures edged lower on Thursday, a day after the S&P 500 and the Nasdaq hit record closing highs, as investors refrained from making big bets ahead of a barrage of economic data releases and the Federal Reserve's policy summit. The Bank of Korea raised its policy rate off a record low on Thursday - the first central bank of a major Asian economy to do so - in a transition away from pandemic-era stimulus.
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Discount retailer Dollar Tree Inc DLTR.O, apparel retailers Abercrombie & Fitch Co ANF.N and Gap Inc GPS.N and PC makers Dell Technologies Inc DELL.N and HP Inc HPQ.N are all set to report their quarterly results on Thursday. Futures: Dow up 0.05%, S&P down 0.06%, Nasdaq falls 0.15% Aug 26 (Reuters) - U.S. stock index futures edged lower on Thursday, a day after the S&P 500 and the Nasdaq hit record closing highs, as investors refrained from making big bets ahead of a barrage of economic data releases and the Federal Reserve's policy summit. NetApp Inc NTAP.O added 3.3% as brokerages raised their price targets on the cloud data services provider's stock following upbeat first quarter result and better-than expected 2022 earnings outlook.
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Discount retailer Dollar Tree Inc DLTR.O, apparel retailers Abercrombie & Fitch Co ANF.N and Gap Inc GPS.N and PC makers Dell Technologies Inc DELL.N and HP Inc HPQ.N are all set to report their quarterly results on Thursday. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures: Dow up 0.05%, S&P down 0.06%, Nasdaq falls 0.15% Aug 26 (Reuters) - U.S. stock index futures edged lower on Thursday, a day after the S&P 500 and the Nasdaq hit record closing highs, as investors refrained from making big bets ahead of a barrage of economic data releases and the Federal Reserve's policy summit.
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daf4e639-5a37-4c01-b993-e450f1c6fc73
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725948.0
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2021-08-24 00:00:00 UTC
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Wistron partners with India's Optiemus in boost for electronics manufacturing
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DELL
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https://www.nasdaq.com/articles/wistron-partners-with-indias-optiemus-in-boost-for-electronics-manufacturing-2021-08-24-0
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nan
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nan
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By Sankalp Phartiyal
NEW DELHI, Aug 24 (Reuters) - Wistron Corp 3231.TW of Taiwan is partnering with India's Optiemus Electronics OPTI.NS to build products such as smartphones and laptops, a boost to Prime Minister Narendra Modi's push to make the country an electronics manufacturing hub.
As part of the deal with contract manufacturer Wistron, Optiemus will invest roughly $200 million to ramp up electronics manufacturing in the next three to five years, the two companies said.
The partnership is expected to yield revenues of 380 billion rupees ($5.13 billion) over five years for Optiemus, the company said, adding that it plans to hire roughly 11,000 workers for its two plants on the outskirts of New Delhi. It has a workforce of just about 300 now.
"Wistron wants to grow its footprint in India, Optiemus wants to leverage the government initiatives (in electronics manufacturing)... so it makes sense to come together from a win-win point of view," Optiemus managing director A Gururaj, who once led Wistron in India, told Reuters.
The success of India's electronics manufacturing sector is key to Modi's ambition of turning the country into the factory of the world, like neighbouring China.
To boost exports, Modi has announced production linked-incentive (PLI) programmes that pay manufacturers for sales of locally made goods.
Although foreign companies need to make phones and laptops above a certain value to get PLI benefits, there is no such threshold for Indian companies.
That means Wistron and Optiemus, which have won PLI approvals for smartphones and IT products, can make cheaper products and still get the government incentives.
"Optiemus is very advanced discussions with a large global company to make smartphones," said Gururaj, declining to name the client.
EXPANSION PUSH
The Wistron-Optiemus partnership is also key to Wistron's business ambitions in India, which have so far rested largely on Apple, its key client in the South Asian nation.
Wistron entered India in 2015 by buying a minority equity stake in Optiemus in a partnership that assembled devices for brands including Taiwan's HTC 2498.TW and South Korea's LG 066570.KS. Wistron has since sold its equity back to Optiemus.
On Tuesday, Gururaj told a news conference that the two companies were open to conversations about financing for Optiemus or an equity stake sale in the Indian firm. He did not share specifics.
In 2017, Wistron began assembling iPhones in a small plant in the southern tech hub of Bengaluru and has since expanded to a much bigger factory in Karnataka state's Narasapura industrial area.
Worker discontent over unpaid wages led to a riot at the Narasapura factory late last year, leading Apple to put Wistron on probation.
"Wistron's partnership with Optiemus will help it scale and diversify manufacturing in India to other products beyond smartphones phones and key client Apple as well as assemble devices locally for other global clients," said Neil Shah of Hong Kong-based tech analytics firm Counterpoint Research.
Apart from being a key Apple supplier, Wistron also makes laptops for Dell DVMT.N, Xiaomi 1810.HK, Acer 2353.TW and Intel-based servers.
($1 = 74.1100 Indian rupees)
(Reporting by Sankalp Phartiyal. Editing by Gerry Doyle)
((sankalp.phartiyal@thomsonreuters.com; +91-11-49548064;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apart from being a key Apple supplier, Wistron also makes laptops for Dell DVMT.N, Xiaomi 1810.HK, Acer 2353.TW and Intel-based servers. Wistron entered India in 2015 by buying a minority equity stake in Optiemus in a partnership that assembled devices for brands including Taiwan's HTC 2498.TW and South Korea's LG 066570.KS. On Tuesday, Gururaj told a news conference that the two companies were open to conversations about financing for Optiemus or an equity stake sale in the Indian firm.
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Apart from being a key Apple supplier, Wistron also makes laptops for Dell DVMT.N, Xiaomi 1810.HK, Acer 2353.TW and Intel-based servers. By Sankalp Phartiyal NEW DELHI, Aug 24 (Reuters) - Wistron Corp 3231.TW of Taiwan is partnering with India's Optiemus Electronics OPTI.NS to build products such as smartphones and laptops, a boost to Prime Minister Narendra Modi's push to make the country an electronics manufacturing hub. "Wistron wants to grow its footprint in India, Optiemus wants to leverage the government initiatives (in electronics manufacturing)... so it makes sense to come together from a win-win point of view," Optiemus managing director A Gururaj, who once led Wistron in India, told Reuters.
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Apart from being a key Apple supplier, Wistron also makes laptops for Dell DVMT.N, Xiaomi 1810.HK, Acer 2353.TW and Intel-based servers. By Sankalp Phartiyal NEW DELHI, Aug 24 (Reuters) - Wistron Corp 3231.TW of Taiwan is partnering with India's Optiemus Electronics OPTI.NS to build products such as smartphones and laptops, a boost to Prime Minister Narendra Modi's push to make the country an electronics manufacturing hub. "Wistron wants to grow its footprint in India, Optiemus wants to leverage the government initiatives (in electronics manufacturing)... so it makes sense to come together from a win-win point of view," Optiemus managing director A Gururaj, who once led Wistron in India, told Reuters.
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Apart from being a key Apple supplier, Wistron also makes laptops for Dell DVMT.N, Xiaomi 1810.HK, Acer 2353.TW and Intel-based servers. By Sankalp Phartiyal NEW DELHI, Aug 24 (Reuters) - Wistron Corp 3231.TW of Taiwan is partnering with India's Optiemus Electronics OPTI.NS to build products such as smartphones and laptops, a boost to Prime Minister Narendra Modi's push to make the country an electronics manufacturing hub. The Wistron-Optiemus partnership is also key to Wistron's business ambitions in India, which have so far rested largely on Apple, its key client in the South Asian nation.
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2af75b2f-73d7-4193-b2c2-6ecf84163b9a
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725949.0
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2021-08-23 00:00:00 UTC
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Noteworthy Monday Option Activity: IIPR, DELL, SCHN
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DELL
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-iipr-dell-schn-2021-08-23
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Innovative Industrial Properties Inc (Symbol: IIPR), where a total of 846 contracts have traded so far, representing approximately 84,600 underlying shares. That amounts to about 55% of IIPR's average daily trading volume over the past month of 153,795 shares. Especially high volume was seen for the $260 strike call option expiring September 17, 2021, with 98 contracts trading so far today, representing approximately 9,800 underlying shares of IIPR. Below is a chart showing IIPR's trailing twelve month trading history, with the $260 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) options are showing a volume of 5,593 contracts thus far today. That number of contracts represents approximately 559,300 underlying shares, working out to a sizeable 54.1% of DELL's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $95 strike put option expiring September 17, 2021, with 1,679 contracts trading so far today, representing approximately 167,900 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange:
And Schnitzer Steel Industries Inc (Symbol: SCHN) options are showing a volume of 1,250 contracts thus far today. That number of contracts represents approximately 125,000 underlying shares, working out to a sizeable 54% of SCHN's average daily trading volume over the past month, of 231,430 shares. Especially high volume was seen for the $50 strike call option expiring September 17, 2021, with 200 contracts trading so far today, representing approximately 20,000 underlying shares of SCHN. Below is a chart showing SCHN's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for IIPR options, DELL options, or SCHN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $95 strike put option expiring September 17, 2021, with 1,679 contracts trading so far today, representing approximately 167,900 underlying shares of DELL. Below is a chart showing IIPR's trailing twelve month trading history, with the $260 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 5,593 contracts thus far today. That number of contracts represents approximately 559,300 underlying shares, working out to a sizeable 54.1% of DELL's average daily trading volume over the past month, of 1.0 million shares.
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Below is a chart showing IIPR's trailing twelve month trading history, with the $260 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 5,593 contracts thus far today. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange: And Schnitzer Steel Industries Inc (Symbol: SCHN) options are showing a volume of 1,250 contracts thus far today. That number of contracts represents approximately 559,300 underlying shares, working out to a sizeable 54.1% of DELL's average daily trading volume over the past month, of 1.0 million shares.
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Below is a chart showing IIPR's trailing twelve month trading history, with the $260 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 5,593 contracts thus far today. That number of contracts represents approximately 559,300 underlying shares, working out to a sizeable 54.1% of DELL's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $95 strike put option expiring September 17, 2021, with 1,679 contracts trading so far today, representing approximately 167,900 underlying shares of DELL.
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Particularly high volume was seen for the $95 strike put option expiring September 17, 2021, with 1,679 contracts trading so far today, representing approximately 167,900 underlying shares of DELL. Below is a chart showing SCHN's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for IIPR options, DELL options, or SCHN options, visit StockOptionsChannel.com. Below is a chart showing IIPR's trailing twelve month trading history, with the $260 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 5,593 contracts thus far today.
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c754a73b-2b0f-4a43-b6a0-eb2039b5e8c5
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725950.0
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2021-08-22 00:00:00 UTC
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Boasting A 50% Return On Equity, Is Dell Technologies Inc. (NYSE:DELL) A Top Quality Stock?
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DELL
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https://www.nasdaq.com/articles/boasting-a-50-return-on-equity-is-dell-technologies-inc.-nyse%3Adell-a-top-quality-stock
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nan
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nan
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While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine Dell Technologies Inc. (NYSE:DELL), by way of a worked example.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
How To Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Dell Technologies is:
50% = US$4.3b ÷ US$8.6b (Based on the trailing twelve months to April 2021).
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.50 in profit.
Does Dell Technologies Have A Good ROE?
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As you can see in the graphic below, Dell Technologies has a higher ROE than the average (10%) in the Tech industry.
NYSE:DELL Return on Equity August 22nd 2021
That's what we like to see. With that said, a high ROE doesn't always indicate high profitability. Especially when a firm uses high levels of debt to finance its debt which may boost its ROE but the high leverage puts the company at risk. To know the 4 risks we have identified for Dell Technologies visit our risks dashboard for free.
How Does Debt Impact ROE?
Virtually all companies need money to invest in the business, to grow profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
Combining Dell Technologies' Debt And Its 50% Return On Equity
It seems that Dell Technologies uses a huge volume of debt to fund the business, since it has an extremely high debt to equity ratio of 5.44. So although the company has an impressive ROE, the company might not have been able to achieve this without the significant use of debt.
Summary
Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. All else being equal, a higher ROE is better.
But when a business is high quality, the market often bids it up to a price that reflects this. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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We'll use ROE to examine Dell Technologies Inc. (NYSE:DELL), by way of a worked example. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Dell Technologies is: 50% = US$4.3b ÷ US$8.6b (Based on the trailing twelve months to April 2021). Does Dell Technologies Have A Good ROE?
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The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Dell Technologies is: 50% = US$4.3b ÷ US$8.6b (Based on the trailing twelve months to April 2021). Combining Dell Technologies' Debt And Its 50% Return On Equity It seems that Dell Technologies uses a huge volume of debt to fund the business, since it has an extremely high debt to equity ratio of 5.44. We'll use ROE to examine Dell Technologies Inc. (NYSE:DELL), by way of a worked example.
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The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Dell Technologies is: 50% = US$4.3b ÷ US$8.6b (Based on the trailing twelve months to April 2021). Combining Dell Technologies' Debt And Its 50% Return On Equity It seems that Dell Technologies uses a huge volume of debt to fund the business, since it has an extremely high debt to equity ratio of 5.44. We'll use ROE to examine Dell Technologies Inc. (NYSE:DELL), by way of a worked example.
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As you can see in the graphic below, Dell Technologies has a higher ROE than the average (10%) in the Tech industry. Combining Dell Technologies' Debt And Its 50% Return On Equity It seems that Dell Technologies uses a huge volume of debt to fund the business, since it has an extremely high debt to equity ratio of 5.44. We'll use ROE to examine Dell Technologies Inc. (NYSE:DELL), by way of a worked example.
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e1f8748d-9180-4454-8bbf-fe4a02b1a65c
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725951.0
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2021-08-19 00:00:00 UTC
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We Did The Math IYW Can Go To $114
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DELL
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https://www.nasdaq.com/articles/we-did-the-math-iyw-can-go-to-%24114-2021-08-19
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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 U.S. Technology ETF (Symbol: IYW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $113.52 per unit.
With IYW trading at a recent price near $102.67 per unit, that means that analysts see 10.57% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYW's underlying holdings with notable upside to their analyst target prices are Pegasystems Inc (Symbol: PEGA), Blackbaud, Inc. (Symbol: BLKB), and Dell Technologies Inc (Symbol: DELL). Although PEGA has traded at a recent price of $130.52/share, the average analyst target is 21.59% higher at $158.70/share. Similarly, BLKB has 15.99% upside from the recent share price of $63.15 if the average analyst target price of $73.25/share is reached, and analysts on average are expecting DELL to reach a target price of $111.27/share, which is 14.76% above the recent price of $96.96. Below is a twelve month price history chart comparing the stock performance of PEGA, BLKB, 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 U.S. Technology ETF IYW $102.67 $113.52 10.57%
Pegasystems Inc PEGA $130.52 $158.70 21.59%
Blackbaud, Inc. BLKB $63.15 $73.25 15.99%
Dell Technologies Inc DELL $96.96 $111.27 14.76%
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 U.S. Technology ETF IYW $102.67 $113.52 10.57% Pegasystems Inc PEGA $130.52 $158.70 21.59% Blackbaud, Inc. BLKB $63.15 $73.25 15.99% Dell Technologies Inc DELL $96.96 $111.27 14.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYW's underlying holdings with notable upside to their analyst target prices are Pegasystems Inc (Symbol: PEGA), Blackbaud, Inc. (Symbol: BLKB), and Dell Technologies Inc (Symbol: DELL). Similarly, BLKB has 15.99% upside from the recent share price of $63.15 if the average analyst target price of $73.25/share is reached, and analysts on average are expecting DELL to reach a target price of $111.27/share, which is 14.76% above the recent price of $96.96.
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Three of IYW's underlying holdings with notable upside to their analyst target prices are Pegasystems Inc (Symbol: PEGA), Blackbaud, Inc. (Symbol: BLKB), and Dell Technologies Inc (Symbol: DELL). Similarly, BLKB has 15.99% upside from the recent share price of $63.15 if the average analyst target price of $73.25/share is reached, and analysts on average are expecting DELL to reach a target price of $111.27/share, which is 14.76% above the recent price of $96.96. iShares U.S. Technology ETF IYW $102.67 $113.52 10.57% Pegasystems Inc PEGA $130.52 $158.70 21.59% Blackbaud, Inc. BLKB $63.15 $73.25 15.99% Dell Technologies Inc DELL $96.96 $111.27 14.76% 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, BLKB has 15.99% upside from the recent share price of $63.15 if the average analyst target price of $73.25/share is reached, and analysts on average are expecting DELL to reach a target price of $111.27/share, which is 14.76% above the recent price of $96.96. Three of IYW's underlying holdings with notable upside to their analyst target prices are Pegasystems Inc (Symbol: PEGA), Blackbaud, Inc. (Symbol: BLKB), and Dell Technologies Inc (Symbol: DELL). Below is a twelve month price history chart comparing the stock performance of PEGA, BLKB, and DELL: Below is a summary table of the current analyst target prices discussed above:
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iShares U.S. Technology ETF IYW $102.67 $113.52 10.57% Pegasystems Inc PEGA $130.52 $158.70 21.59% Blackbaud, Inc. BLKB $63.15 $73.25 15.99% Dell Technologies Inc DELL $96.96 $111.27 14.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYW's underlying holdings with notable upside to their analyst target prices are Pegasystems Inc (Symbol: PEGA), Blackbaud, Inc. (Symbol: BLKB), and Dell Technologies Inc (Symbol: DELL). Similarly, BLKB has 15.99% upside from the recent share price of $63.15 if the average analyst target price of $73.25/share is reached, and analysts on average are expecting DELL to reach a target price of $111.27/share, which is 14.76% above the recent price of $96.96.
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96cb8813-a6ff-4b18-9839-021d0094acdf
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725952.0
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2021-08-17 00:00:00 UTC
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Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 8/17/2021
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DELL
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https://www.nasdaq.com/articles/validea-james-p.-oshaughnessy-strategy-daily-upgrade-report-8-17-2021-2021-08-17
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nan
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nan
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The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 80% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dell Technologies Inc. is a provider of information technology solutions. The Company operates through segments such as Infrastructure Solutions Group (ISG), Client Solutions Group (CSG) and VMware. The ISG segment enables the digital transformation of its customers through its multi-cloud and big data solutions, which are built upon a data center infrastructure. The CSG segment includes hardware and peripherals, as well as third-party software and peripherals. The VMware segment works with customers in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces, helping customers manage their information technology (IT) resources across private clouds and complex multi-cloud, multi-device environments.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
EARNINGS PER SHARE PERSISTENCE: PASS
PRICE/SALES RATIO: PASS
RELATIVE STRENGTH: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
Full Guru Analysis for DELL
Full Factor Report for DELL
More details on Validea's James P. O'Shaughnessy strategy
About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy is the Chief Investment Officer of O'Shaughnessy Asset Management.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL More details on Validea's James P. O'Shaughnessy strategy About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions.
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Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL More details on Validea's James P. O'Shaughnessy strategy About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions.
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Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL More details on Validea's James P. O'Shaughnessy strategy About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions.
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Detailed Analysis of DELL TECHNOLOGIES INC Full Guru Analysis for DELL Full Factor Report for DELL More details on Validea's James P. O'Shaughnessy strategy About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Company Description: Dell Technologies Inc. is a provider of information technology solutions.
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32b70e31-2835-4039-87e6-eea3acf58316
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725953.0
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2021-08-13 00:00:00 UTC
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Notable Friday Option Activity: PPC, V, DELL
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DELL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-ppc-v-dell-2021-08-13
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pilgrims Pride Corp. (Symbol: PPC), where a total volume of 3,926 contracts has been traded thus far today, a contract volume which is representative of approximately 392,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.1% of PPC's average daily trading volume over the past month, of 584,955 shares. Especially high volume was seen for the $28 strike call option expiring August 20, 2021, with 617 contracts trading so far today, representing approximately 61,700 underlying shares of PPC. Below is a chart showing PPC's trailing twelve month trading history, with the $28 strike highlighted in orange:
Visa Inc (Symbol: V) saw options trading volume of 50,083 contracts, representing approximately 5.0 million underlying shares or approximately 63.7% of V's average daily trading volume over the past month, of 7.9 million shares. Especially high volume was seen for the $240 strike call option expiring October 15, 2021, with 3,782 contracts trading so far today, representing approximately 378,200 underlying shares of V. Below is a chart showing V's trailing twelve month trading history, with the $240 strike highlighted in orange:
And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 7,707 contracts thus far today. That number of contracts represents approximately 770,700 underlying shares, working out to a sizeable 62.7% of DELL's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $100 strike call option expiring September 17, 2021, with 2,568 contracts trading so far today, representing approximately 256,800 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $100 strike highlighted in orange:
For the various different available expirations for PPC options, V options, or DELL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $240 strike call option expiring October 15, 2021, with 3,782 contracts trading so far today, representing approximately 378,200 underlying shares of V. Below is a chart showing V's trailing twelve month trading history, with the $240 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 7,707 contracts thus far today. Particularly high volume was seen for the $100 strike call option expiring September 17, 2021, with 2,568 contracts trading so far today, representing approximately 256,800 underlying shares of DELL. That number of contracts represents approximately 770,700 underlying shares, working out to a sizeable 62.7% of DELL's average daily trading volume over the past month, of 1.2 million shares.
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Especially high volume was seen for the $240 strike call option expiring October 15, 2021, with 3,782 contracts trading so far today, representing approximately 378,200 underlying shares of V. Below is a chart showing V's trailing twelve month trading history, with the $240 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 7,707 contracts thus far today. That number of contracts represents approximately 770,700 underlying shares, working out to a sizeable 62.7% of DELL's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $100 strike call option expiring September 17, 2021, with 2,568 contracts trading so far today, representing approximately 256,800 underlying shares of DELL.
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Especially high volume was seen for the $240 strike call option expiring October 15, 2021, with 3,782 contracts trading so far today, representing approximately 378,200 underlying shares of V. Below is a chart showing V's trailing twelve month trading history, with the $240 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 7,707 contracts thus far today. That number of contracts represents approximately 770,700 underlying shares, working out to a sizeable 62.7% of DELL's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $100 strike call option expiring September 17, 2021, with 2,568 contracts trading so far today, representing approximately 256,800 underlying shares of DELL.
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Especially high volume was seen for the $240 strike call option expiring October 15, 2021, with 3,782 contracts trading so far today, representing approximately 378,200 underlying shares of V. Below is a chart showing V's trailing twelve month trading history, with the $240 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 7,707 contracts thus far today. That number of contracts represents approximately 770,700 underlying shares, working out to a sizeable 62.7% of DELL's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $100 strike call option expiring September 17, 2021, with 2,568 contracts trading so far today, representing approximately 256,800 underlying shares of DELL.
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4f0cde9d-8c4c-4075-853c-151004c315af
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725954.0
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2021-07-27 00:00:00 UTC
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4 Hardware Stocks To Watch This Week
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DELL
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https://www.nasdaq.com/articles/4-hardware-stocks-to-watch-this-week-2021-07-27
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nan
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nan
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Hot Hardware Stocks For Your Watchlist Right Now
Hardware stocks are among the better-performing stocks in the stock market over the past year. Of course, this was mostly driven by the increased demand for technological items caused by the pandemic. Most of the time, software companies are the ones making the headlines while hardware companies lay the foundation. Some notable hardware companies like Intel (NASDAQ: INTC) and Cisco Systems (NASDAQ: CSCO) provide the necessary networking and computing hardware that form the basis of servers, and data centers.
It is also not a secret that there has been a shortage of chips all over the world. This further illustrates the reliance on hardware as technology advances. Earlier in April, Intel stated that it will commit $20 billion to two new manufacturing facilities to ramp up production. Meanwhile, Taiwan Semiconductor Manufacturing Co (NYSE: TSM) also has plans to spend $100 billion over the next 3 years to expand its chip manufacturing capacity. In conclusion, every piece of technology that we see and rely on today would need a fully functional piece of hardware. Would there be a day where this would not be the case? As of now, nothing would suggest that. So, let’s check out these 4 top hardware stocks to watch now.
Top Hardware Stocks To Watch This Week
Logitech International SA (NASDAQ: LOGI)
Dell Technologies Inc (NYSE: DELL)
HP Inc (NYSE: HPQ)
QUALCOMM, Inc (NASDAQ: QCOM)
Logitech International SA
Logitech is a company that designs, manufactures, and markets products that connect people through music, gaming, video, computing, and other digital platforms. It sells its products through a network of distributors, and retailers under the Logitech, ASTRO Gaming, Streamlabs, Ultimate Ears, and Jaybird brands. For most parts, it is known for its computer peripherals such as mice, keyboards, headsets, gamepads, and webcams.
Yesterday, Logitech announced its first-quarter earnings report. The company started its fiscal year strongly with sales of $1.31 billion, up by 58% in constant currency. Moreover, its GAAP operating income grew 143% to $203 million. This is a testament to the company’s excellent operational execution, and ability to capitalize on long-term trends. We have seen the rise of esports, streaming, and content creation everywhere. All these are in line with what the company has to offer long term.
The company is also tapping deeper into the gaming industry as it introduced a new, lightweight headset to its Color Collection, the Logitech G335 Wired Gaming Headset. The headset comes in three colors including the new Mint colorway. To complete the collection, the G305 Wireless Gaming Mouse is also available in Mint. As it stands, it is one of the lightest gaming headsets on the market. With these developments, would you add LOGI stock to your watchlist today?
Source: TD Ameritrade TOS
Read More
4 Artificial Intelligence Stocks To Watch Right Now
Best Lithium Battery Stocks To Buy Now? 4 To Know
Dell Technologies Inc
Following that, we have the multinational computer technology company, Dell. It operates through two segments, namely, Client Solutions and Enterprise Solutions Group. The company’s offerings include hardware, such as desktop personal computers, notebooks and tablets, and peripherals, such as monitors, printers, and projectors. DELL stock has been steadily rising over the past year. It is posting gains of over 50% within the period.
Last Tuesday, NBC Sports Group selected Dell to provide high-performance storage systems for its production of the Games of the XXXII Olympiad taking place in Tokyo, Japan. NBC will be using the Dell EMC PowerScale family of storage systems to digitally store video content for sharing with viewers of the U.S. With this, NBC will be able to reliably store and manage more than 7,000 hours of athletic heroics across its networks and streaming platforms.
Financially, the company is as strong as ever, coming off the best sales year in its history. The company stepped on the pedal in its fiscal 2022 with record-breaking first-quarter earnings. Its revenue came in at $24.5 billion, up 12% year-over-year. Out of which, product revenue was $18 billion. Meanwhile, its operating income was $1.4 billion, an increase of 96%. All these came as a result of the surge in remote work and education around the globe. With this in mind, would DELL stock be at the top of your watchlist?
Source: TD Ameritrade TOS
[Read More] Top Cyclical Stocks To Buy This Week? 5 To Know Before August 2021
HP Inc
Next on the list, we have one of the industry leaders in computer hardware, HP. Essentially, it provides personal computing, and other access devices, imaging, and printing products. The company serves individual consumers, small to medium-sized businesses, and large enterprises. This includes the government, health, and education sectors. In line with the rising personal computer sales, the company’s stock has risen more than 50% over the past year.
Last month, HP announced its lightest consumer laptop yet, the HP Pavilion Aero 13 Laptop PC. We can see the company keeping pace with trends with this new laptop that could weigh less than 1 kilogram. As things start to return to normalcy, people will require a PC that can move with them. Hence, people can work hard and play hard no matter where they are, on a lightweight device.
Furthermore, the company announced its currently shipping portfolio of Windows-based PCs is expected to be upgradeable to Windows 11. So, HP users will continue to enjoy the best PC experiences. This is important as we have seen how tech has been rapidly evolving, making it difficult to keep up at times. All things considered, would you consider investing in HPQ stock?
Source: TD Ameritrade TOS
[Read More] 4 Top Meme Stocks To Watch This Week
QUALCOMM, Inc
To sum it up, the leading hardware company, QUALCOMM makes the list. In detail, it is a company that engages in the development, and commercialization of foundational technologies. These can be found in mobile devices, and other wireless products. The company is best known for designing the Snapdragon chips that power most Android phones. So, you will not be a stranger to Qualcomm if you own one such device.
For the longest time, processor suppliers have had no chips as energy efficient as Apple’s (NASDAQ: AAPL). However, the company believes that it can have the best chip on the market by next year. This would put the company in a strong position to compete with the best in the industry. It will be relying on a team of chip architects who formerly worked on the Apple chip but now work at Qualcomm.
The company will be counting on revenue growth from China to power its core smartphone chip business. Also, Qualcomm is pushing 5G connectivity into laptops, it is pairing modems with a powerful central processing unit (CPU). One thing to note is that the company is seeking custom-designed chips in order to rival new laptops from Apple. Hence, the acquisition of Nuvia earlier this year. These positive signs are all suggestive of a company motivated by growth. So, would you buy into the future of QCOM stock?
Source: TD Ameritrade TOS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last Tuesday, NBC Sports Group selected Dell to provide high-performance storage systems for its production of the Games of the XXXII Olympiad taking place in Tokyo, Japan. Top Hardware Stocks To Watch This Week Logitech International SA (NASDAQ: LOGI) Dell Technologies Inc (NYSE: DELL) HP Inc (NYSE: HPQ) QUALCOMM, Inc (NASDAQ: QCOM) Logitech International SA Logitech is a company that designs, manufactures, and markets products that connect people through music, gaming, video, computing, and other digital platforms. 4 To Know Dell Technologies Inc Following that, we have the multinational computer technology company, Dell.
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Top Hardware Stocks To Watch This Week Logitech International SA (NASDAQ: LOGI) Dell Technologies Inc (NYSE: DELL) HP Inc (NYSE: HPQ) QUALCOMM, Inc (NASDAQ: QCOM) Logitech International SA Logitech is a company that designs, manufactures, and markets products that connect people through music, gaming, video, computing, and other digital platforms. 4 To Know Dell Technologies Inc Following that, we have the multinational computer technology company, Dell. DELL stock has been steadily rising over the past year.
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Top Hardware Stocks To Watch This Week Logitech International SA (NASDAQ: LOGI) Dell Technologies Inc (NYSE: DELL) HP Inc (NYSE: HPQ) QUALCOMM, Inc (NASDAQ: QCOM) Logitech International SA Logitech is a company that designs, manufactures, and markets products that connect people through music, gaming, video, computing, and other digital platforms. 4 To Know Dell Technologies Inc Following that, we have the multinational computer technology company, Dell. DELL stock has been steadily rising over the past year.
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Top Hardware Stocks To Watch This Week Logitech International SA (NASDAQ: LOGI) Dell Technologies Inc (NYSE: DELL) HP Inc (NYSE: HPQ) QUALCOMM, Inc (NASDAQ: QCOM) Logitech International SA Logitech is a company that designs, manufactures, and markets products that connect people through music, gaming, video, computing, and other digital platforms. 4 To Know Dell Technologies Inc Following that, we have the multinational computer technology company, Dell. DELL stock has been steadily rising over the past year.
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fce46d24-1496-4de3-b45b-8d568ba30e8e
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725955.0
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2021-07-27 00:00:00 UTC
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We Think Dell Technologies (NYSE:DELL) Can Stay On Top Of Its Debt
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DELL
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https://www.nasdaq.com/articles/we-think-dell-technologies-nyse%3Adell-can-stay-on-top-of-its-debt-2021-07-27
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nan
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nan
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Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, Dell Technologies Inc. (NYSE:DELL) does carry debt. But is this debt a concern to shareholders?
When Is Debt Dangerous?
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, plenty of companies use debt to fund growth, without any negative consequences. When we examine debt levels, we first consider both cash and debt levels, together.
How Much Debt Does Dell Technologies Carry?
The image below, which you can click on for greater detail, shows that Dell Technologies had debt of US$46.7b at the end of April 2021, a reduction from US$56.7b over a year. However, it also had US$14.2b in cash, and so its net debt is US$32.4b.
NYSE:DELL Debt to Equity History July 27th 2021
How Strong Is Dell Technologies' Balance Sheet?
According to the last reported balance sheet, Dell Technologies had liabilities of US$54.9b due within 12 months, and liabilities of US$58.3b due beyond 12 months. Offsetting this, it had US$14.2b in cash and US$10.9b in receivables that were due within 12 months. So its liabilities total US$88.0b more than the combination of its cash and short-term receivables.
Given this deficit is actually higher than the company's massive market capitalization of US$74.2b, we think shareholders really should watch Dell Technologies's debt levels, like a parent watching their child ride a bike for the first time. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price.
In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it.
Dell Technologies has a debt to EBITDA ratio of 3.2 and its EBIT covered its interest expense 2.6 times. Taken together this implies that, while we wouldn't want to see debt levels rise, we think it can handle its current leverage. The good news is that Dell Technologies grew its EBIT a smooth 54% over the last twelve months. Like a mother's loving embrace of a newborn that sort of growth builds resilience, putting the company in a stronger position to manage its debt. When analysing debt levels, the balance sheet is the obvious place to start. But it is future earnings, more than anything, that will determine Dell Technologies's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So it's worth checking how much of that EBIT is backed by free cash flow. Happily for any shareholders, Dell Technologies actually produced more free cash flow than EBIT over the last three years. There's nothing better than incoming cash when it comes to staying in your lenders' good graces.
Our View
Dell Technologies's conversion of EBIT to free cash flow was a real positive on this analysis, as was its EBIT growth rate. But truth be told its level of total liabilities had us nibbling our nails. When we consider all the factors mentioned above, we do feel a bit cautious about Dell Technologies's use of debt. While debt does have its upside in higher potential returns, we think shareholders should definitely consider how debt levels might make the stock more risky. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately, every company can contain risks that exist outside of the balance sheet. We've identified 4 warning signs with Dell Technologies (at least 1 which is concerning) , and understanding them should be part of your investment process.
If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Importantly, Dell Technologies Inc. (NYSE:DELL) does carry debt. How Much Debt Does Dell Technologies Carry? The image below, which you can click on for greater detail, shows that Dell Technologies had debt of US$46.7b at the end of April 2021, a reduction from US$56.7b over a year.
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According to the last reported balance sheet, Dell Technologies had liabilities of US$54.9b due within 12 months, and liabilities of US$58.3b due beyond 12 months. Our View Dell Technologies's conversion of EBIT to free cash flow was a real positive on this analysis, as was its EBIT growth rate. Importantly, Dell Technologies Inc. (NYSE:DELL) does carry debt.
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NYSE:DELL Debt to Equity History July 27th 2021 How Strong Is Dell Technologies' Balance Sheet? Importantly, Dell Technologies Inc. (NYSE:DELL) does carry debt. How Much Debt Does Dell Technologies Carry?
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How Much Debt Does Dell Technologies Carry? According to the last reported balance sheet, Dell Technologies had liabilities of US$54.9b due within 12 months, and liabilities of US$58.3b due beyond 12 months. Our View Dell Technologies's conversion of EBIT to free cash flow was a real positive on this analysis, as was its EBIT growth rate.
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7d290b5a-c6b9-4baf-8be1-8654e5e5d8a5
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725956.0
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2021-07-19 00:00:00 UTC
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Why Did HP's Second-Quarter PC Sales Lag the Competition?
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DELL
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https://www.nasdaq.com/articles/why-did-hps-second-quarter-pc-sales-lag-the-competition-2021-07-19
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nan
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nan
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Sales of personal computers remained rather brisk in the recently ended second quarter, up 4.6% compared to the second quarter of last year when demand was surging due to the advent of the pandemic. But not every computer manufacturer saw strength last quarter. Sales of PCs made by HP actually fell year over year during its fiscal second quarter, making it the only major computer name to lose ground.
That's the assessment from technology market research outfit Gartner anyway, which estimates shipments of PCs every quarter based on delivery channels it monitors. Gartner's presumed weakness from HP, however, was mirrored by rival research from IDC.
It's a concerning disparity for HP shareholders for the obvious reason -- the company's upcoming quarterly report could be disappointing. Then, there's the less obvious, more philosophical worry being fleshed out here. That is, HP may well be feeling the brunt of the chip shortage more than its peers.
Image source: Getty Images.
By the numbers
For the second quarter of this calendar year, Gartner estimates a total of 71.6 million personal computers were shipped by the world's top manufacturers, up 4.6% from Q2 2020's 68.5 million units. Apple and Asus led the way in terms of net year-over-year growth, while Lenovo remains the leader in terms of total shipments.
HP remains a respectable second in terms of unit sales, though, shipping 14.3 million PCs in the second quarter. The problem: That's 11.3% less than the number it shipped in the prior-year period, making it the only major brand to log a sales setback during the quarter.
COMPANY Q2 2020 SHIPMENTS Q2 2021 SHIPMENTS YOY CHANGE
Lenovo 16,681 17,278 3.6%
HP 16,117 14,301 (11.3%)
Dell 10,717 12,256 14.4%
Apple 5,086 6,086 19.7%
Acer Group 4,042 4,375 8.3%
Asus 3,677 4,267 16.0%
Others 12,168 13,065 7.4%
Total 68,488 71,628 4.6%
Data source: Gartner. Shipments are in thousands of units. YOY = year over year.
IDC's tally of the second quarter's personal computer shipments is notably different, suggesting overall deliveries grew 13.2% year over year using a slightly different definition of what qualifies as a PC. IDC also counts shipments to end users as well as deliveries to established sales channel owners.
But HP's weakness is evident all the same by this measure too. Up only 2.7% year over year by IDC's calculations, the company once again rolls in as the slowest grower even if it's still one of the biggest overall distributors.
There's an important footnote to add to the discussion. That is, HP was up against an incredibly tough comparison. Remember, it was the go-to brand last year when working at home quickly became the norm. Gartner says HP's personal computer shipments jumped 17.1% year over year in the second quarter of 2020, far outpacing the industry's total delivery growth of 2.8% -- a figure held down by supply constraints linked to shutdowns that were going into effect as early as Dec. 2019 when COVID-19 began to spread out of Wuhan, China. Only Asus and Acer saw stronger growth then, and only by virtue of desperation for any computer that would allow employees to immediately begin working away from the office.
Still, the slowing growth is suspiciously unique to HP.
Takeaways
As of the latest outlook, analysts are collectively modeling revenue of $15.9 billion for HP's fiscal third quarter (ending this month), up 11% from the year-ago COVID-crimped comparison of $14.3 billion. The company is further expected to drive profits up from $0.49 per share last year to $0.84 this time around -- a figure more in line with its longer-term levels. Given that roughly two-thirds of the company's sales comes from its PC business, however, computer shipment estimates from Gartner as well as IDC suggest the consensus estimates may be a bit optimistic. We'll know for sure in late August when the company releases its fiscal third quarter report.
With as much focus that will be given to the raw numbers, long-term shareholders will also want to listen carefully to any supply chain rhetoric that's offered. Something's clearly challenging the business here, and it doesn't seem to be weak demand for computers. Indeed, HP CEO Enrique Lores has repeatedly warned customers and shareholders alike this year that the impact of the semiconductor shortage is being felt. It's just seemingly being felt more by HP than its peers.
There is something of a bright spot for shareholders, though. The stock is down more than 20% from May's high, indicating the market potentially sensed something along these lines was in the cards. Let's just hope the company can at least meet -- or even beat -- investors' lowered expectations.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool recommends Gartner and 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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Dell 10,717 12,256 14.4% Apple 5,086 6,086 19.7% Acer Group 4,042 4,375 8.3% Asus 3,677 4,267 16.0% Others 12,168 13,065 7.4% Total 68,488 71,628 4.6% Data source: Gartner. That's the assessment from technology market research outfit Gartner anyway, which estimates shipments of PCs every quarter based on delivery channels it monitors. The problem: That's 11.3% less than the number it shipped in the prior-year period, making it the only major brand to log a sales setback during the quarter.
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Dell 10,717 12,256 14.4% Apple 5,086 6,086 19.7% Acer Group 4,042 4,375 8.3% Asus 3,677 4,267 16.0% Others 12,168 13,065 7.4% Total 68,488 71,628 4.6% Data source: Gartner. That's the assessment from technology market research outfit Gartner anyway, which estimates shipments of PCs every quarter based on delivery channels it monitors. By the numbers For the second quarter of this calendar year, Gartner estimates a total of 71.6 million personal computers were shipped by the world's top manufacturers, up 4.6% from Q2 2020's 68.5 million units.
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Dell 10,717 12,256 14.4% Apple 5,086 6,086 19.7% Acer Group 4,042 4,375 8.3% Asus 3,677 4,267 16.0% Others 12,168 13,065 7.4% Total 68,488 71,628 4.6% Data source: Gartner. Sales of PCs made by HP actually fell year over year during its fiscal second quarter, making it the only major computer name to lose ground. IDC's tally of the second quarter's personal computer shipments is notably different, suggesting overall deliveries grew 13.2% year over year using a slightly different definition of what qualifies as a PC.
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Dell 10,717 12,256 14.4% Apple 5,086 6,086 19.7% Acer Group 4,042 4,375 8.3% Asus 3,677 4,267 16.0% Others 12,168 13,065 7.4% Total 68,488 71,628 4.6% Data source: Gartner. Sales of PCs made by HP actually fell year over year during its fiscal second quarter, making it the only major computer name to lose ground. By the numbers For the second quarter of this calendar year, Gartner estimates a total of 71.6 million personal computers were shipped by the world's top manufacturers, up 4.6% from Q2 2020's 68.5 million units.
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94c1c2c9-fba5-4e7e-a6e3-bfc9b69fcf11
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725957.0
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2021-07-16 00:00:00 UTC
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First Week of DELL September 17th Options Trading
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DELL
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https://www.nasdaq.com/articles/first-week-of-dell-september-17th-options-trading-2021-07-16
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nan
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nan
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the September 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $92.50 strike price has a current bid of $3.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $92.50, but will also collect the premium, putting the cost basis of the shares at $88.70 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $93.13/share today.
Because the $92.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.11% return on the cash commitment, or 23.80% 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 $92.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $95.00 strike price has a current bid of $2.85. If an investor was to purchase shares of DELL stock at the current price level of $93.13/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $95.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.07% if the stock gets called away at the September 17th 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 $95.00 strike highlighted in red:
Considering the fact that the $95.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.06% boost of extra return to the investor, or 17.73% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 28%, while the implied volatility in the call contract example is 29%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $93.13) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks Conducting Buybacks »
The views and 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 $95.00 strike highlighted in red: Considering the fact that the $95.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the September 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 17th 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 $95.00 strike highlighted in red: Considering the fact that the $95.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the September 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 17th 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 $92.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $95.00 strike price has a current bid of $2.85. Below is a chart showing DELL's trailing twelve month trading history, with the $95.00 strike highlighted in red: Considering the fact that the $95.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the September 17th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new September 17th 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 $95.00 strike highlighted in red: Considering the fact that the $95.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading this week, for the September 17th expiration.
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01acc0c5-d7b9-4b93-9cd0-9eb65fa9c7b5
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725958.0
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2021-07-12 00:00:00 UTC
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Driverless Cars Are Coming to Vegas, Courtesy of... T-Mobile?
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DELL
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https://www.nasdaq.com/articles/driverless-cars-are-coming-to-vegas-courtesy-of...-t-mobile-2021-07-12
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nan
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nan
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The first company to reach a fully autonomous, all-electric vehicle network would have the potential to upend the $2.5 trillion global transportation market, and big-time companies, from Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Waymo to Tesla (NASDAQ: TSLA), are aiming to do just that.
Yet there appears to be a long way to go before that happens. Although industry enthusiasts had predicted not too long ago we'd all be riding around in self-driving cars now, progress has been much, much slower than hoped. A recent lawsuit against Tesla, alleging partial responsibility for a recent fatality while a Tesla was possibly on Autopilot, won't help the cause either.
Yet a new "autonomous" start-up called Halo, in combination with 5G leader T-Mobile (NASDAQ: TMUS) will be launching its own unique service in Las Vegas later this year. Halo's more incremental approach to self-driving is vastly different than the full Level 5 capabilities these auto behemoths are chasing -- and it may just be the one best-suited to transition drivers from traditional driving to a self-driving future.
Image source: T-Mobile.
How Halo works
Halo is a network of electric vehicles consumers can summon via the Halo app. A driverless Halo vehicle arrives, controlled by a remote driver over T-Mobile's 5G network, to pick up the rider. The rider hops in, then drives his or herself wherever they want to go, and can leave the car without having to worry about parking. When not driven by customers, Halo vehicles are controlled by trained remote driver technicians using Halo's proprietary, camera-based RemotePilot technology.
Meanwhile, as Halo vehicles are driven, the company's AI algorithm "learns" as it racks up miles. Notably, Halo isn't using LiDAR, like Waymo, but rather a suite of cameras, radar, and ultrasonics. It's actually a similar approach to Tesla, which is using video cameras on its existing fleet to gather the data that informs its own full self-driving AI engine.
It's a nifty little mix of a ride-hailing platform that also lets customers drive their own cars, and it's a clever model that provides customers with a way to get comfortable with autonomy, without having to get into a driverless car, with all the perceived risks.
Halo came out of the T-Mobile-sponsored 5G Open Innovation Lab
The 5G Open Innovation Lab was started last year as an open collaboration between T-Mobile, Intel, and NASA. Aside from those founding partners, other companies such as Microsoft and Dell Technologies have also joined.
The lab acts as a collaborative platform between leading 5G businesses, academia, and government institutions, to mentor the next generation of 5G-related start-ups in a 12-week educational program. The program has already gone through three batches of 15-17 start-ups, including last Spring and Fall and this Spring as well.
Notably, the aim of the lab appears to be to accelerate the adoption of 5G technology, and not necessarily for equity investments on the part of the above large public companies, although the innovation lab does provide access to venture capital investors. According to TechCrunch, Halo founder Anand Nandakumar declined to answer if T-Mobile was an investor in Halo.
Watch for accelerated 5G adoption in 2021
If it finds success in its Las Vegas launch later this year, Halo could very well be an interesting start-up to put on your radar. In the meantime, 2021 will be the year in which 5G technology really kicks off in earnest. The first 5G iPhones were only introduced last year, and 5G mid-band spectrum -- the band of spectrum that really provides a marked difference over 4G -- is only being rolled out in a significant way this year, and really only by T-Mobile in a significant way. T-Mobile projects it will cover 200 million Americans with mid-band 5G spectrum by the end of this year. That would give it about a two-year head start over rivals, according to New Street Research.
As "reopening trades" become fully valued, investors should keep an eye out for the next catalyst for stocks. These are likely to come from next-gen technologies coming into their own, such as 5G. Not only will these new technologies be the arena of new start-ups, SPACs, and IPOs, but they could also benefit the more mature companies like T-Mobile and others mentioned above.
10 stocks we like better than T-Mobile US
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies Inc., Microsoft, and T-Mobile US and has the following options: short July 2021 $205 puts on Microsoft, short July 2021 $220 puts on Microsoft, short July 2021 $235 puts on Microsoft, and short October 2021 $77.50 puts on Dell Technologies Inc. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Microsoft, and Tesla. The Motley Fool recommends Intel and T-Mobile US and recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. 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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Aside from those founding partners, other companies such as Microsoft and Dell Technologies have also joined. Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies Inc., Microsoft, and T-Mobile US and has the following options: short July 2021 $205 puts on Microsoft, short July 2021 $220 puts on Microsoft, short July 2021 $235 puts on Microsoft, and short October 2021 $77.50 puts on Dell Technologies Inc. Yet a new "autonomous" start-up called Halo, in combination with 5G leader T-Mobile (NASDAQ: TMUS) will be launching its own unique service in Las Vegas later this year.
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Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies Inc., Microsoft, and T-Mobile US and has the following options: short July 2021 $205 puts on Microsoft, short July 2021 $220 puts on Microsoft, short July 2021 $235 puts on Microsoft, and short October 2021 $77.50 puts on Dell Technologies Inc. Aside from those founding partners, other companies such as Microsoft and Dell Technologies have also joined. Halo came out of the T-Mobile-sponsored 5G Open Innovation Lab The 5G Open Innovation Lab was started last year as an open collaboration between T-Mobile, Intel, and NASA.
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Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies Inc., Microsoft, and T-Mobile US and has the following options: short July 2021 $205 puts on Microsoft, short July 2021 $220 puts on Microsoft, short July 2021 $235 puts on Microsoft, and short October 2021 $77.50 puts on Dell Technologies Inc. Aside from those founding partners, other companies such as Microsoft and Dell Technologies have also joined. Halo came out of the T-Mobile-sponsored 5G Open Innovation Lab The 5G Open Innovation Lab was started last year as an open collaboration between T-Mobile, Intel, and NASA.
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Aside from those founding partners, other companies such as Microsoft and Dell Technologies have also joined. Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies Inc., Microsoft, and T-Mobile US and has the following options: short July 2021 $205 puts on Microsoft, short July 2021 $220 puts on Microsoft, short July 2021 $235 puts on Microsoft, and short October 2021 $77.50 puts on Dell Technologies Inc. How Halo works Halo is a network of electric vehicles consumers can summon via the Halo app.
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594c14b2-e64e-4784-a9ed-4bb0f6187ef0
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725959.0
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2021-07-09 00:00:00 UTC
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The Math Shows PWV Can Go To $49
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DELL
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https://www.nasdaq.com/articles/the-math-shows-pwv-can-go-to-%2449-2021-07-09
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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 Invesco Dynamic Large Cap Value ETF (Symbol: PWV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.72 per unit.
With PWV trading at a recent price near $43.75 per unit, that means that analysts see 11.37% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PWV's underlying holdings with notable upside to their analyst target prices are Linde plc (Symbol: LIN), Dell Technologies Inc (Symbol: DELL), and Allstate Corp (Symbol: ALL). Although LIN has traded at a recent price of $286.99/share, the average analyst target is 14.76% higher at $329.36/share. Similarly, DELL has 12.40% upside from the recent share price of $99.00 if the average analyst target price of $111.27/share is reached, and analysts on average are expecting ALL to reach a target price of $145.56/share, which is 11.62% above the recent price of $130.40. Below is a twelve month price history chart comparing the stock performance of LIN, DELL, and ALL:
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
Invesco Dynamic Large Cap Value ETF PWV $43.75 $48.72 11.37%
Linde plc LIN $286.99 $329.36 14.76%
Dell Technologies Inc DELL $99.00 $111.27 12.40%
Allstate Corp ALL $130.40 $145.56 11.62%
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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Invesco Dynamic Large Cap Value ETF PWV $43.75 $48.72 11.37% Linde plc LIN $286.99 $329.36 14.76% Dell Technologies Inc DELL $99.00 $111.27 12.40% Allstate Corp ALL $130.40 $145.56 11.62% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PWV's underlying holdings with notable upside to their analyst target prices are Linde plc (Symbol: LIN), Dell Technologies Inc (Symbol: DELL), and Allstate Corp (Symbol: ALL). Similarly, DELL has 12.40% upside from the recent share price of $99.00 if the average analyst target price of $111.27/share is reached, and analysts on average are expecting ALL to reach a target price of $145.56/share, which is 11.62% above the recent price of $130.40.
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Three of PWV's underlying holdings with notable upside to their analyst target prices are Linde plc (Symbol: LIN), Dell Technologies Inc (Symbol: DELL), and Allstate Corp (Symbol: ALL). Invesco Dynamic Large Cap Value ETF PWV $43.75 $48.72 11.37% Linde plc LIN $286.99 $329.36 14.76% Dell Technologies Inc DELL $99.00 $111.27 12.40% Allstate Corp ALL $130.40 $145.56 11.62% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, DELL has 12.40% upside from the recent share price of $99.00 if the average analyst target price of $111.27/share is reached, and analysts on average are expecting ALL to reach a target price of $145.56/share, which is 11.62% above the recent price of $130.40.
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Similarly, DELL has 12.40% upside from the recent share price of $99.00 if the average analyst target price of $111.27/share is reached, and analysts on average are expecting ALL to reach a target price of $145.56/share, which is 11.62% above the recent price of $130.40. Three of PWV's underlying holdings with notable upside to their analyst target prices are Linde plc (Symbol: LIN), Dell Technologies Inc (Symbol: DELL), and Allstate Corp (Symbol: ALL). Below is a twelve month price history chart comparing the stock performance of LIN, DELL, and ALL: Below is a summary table of the current analyst target prices discussed above:
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Invesco Dynamic Large Cap Value ETF PWV $43.75 $48.72 11.37% Linde plc LIN $286.99 $329.36 14.76% Dell Technologies Inc DELL $99.00 $111.27 12.40% Allstate Corp ALL $130.40 $145.56 11.62% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PWV's underlying holdings with notable upside to their analyst target prices are Linde plc (Symbol: LIN), Dell Technologies Inc (Symbol: DELL), and Allstate Corp (Symbol: ALL). Similarly, DELL has 12.40% upside from the recent share price of $99.00 if the average analyst target price of $111.27/share is reached, and analysts on average are expecting ALL to reach a target price of $145.56/share, which is 11.62% above the recent price of $130.40.
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4ad5570d-5a70-41d8-b833-926a03d17063
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725960.0
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2021-07-07 00:00:00 UTC
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DTST Stock: 6 Things to Know About Data Storage Amid Its New Meme Stock Status
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DELL
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https://www.nasdaq.com/articles/dtst-stock%3A-6-things-to-know-about-data-storage-amid-its-new-meme-stock-status-2021-07-07
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Data Storage (NASDAQ:DTST) shares are running higher on Wednesday as the company gains meme stock status with retail traders on social media.
Source: Shutterstock
Retail traders often target cheap stocks for their low entry points. They gather together on places like Reddit, Twitter (NYSE:TWTR), and private Discord servers to plan out pumps of stocks. Oftentimes, this sees them going after companies with short-squeeze potential.
There’s loads of chatter about DTST stock on Twitter today, which backs up the idea it’s been targeted by retail traders. Investors looking to get into the stock will want to be wary as it’s already falling from its high today and might continue to do so now that the pump is over with.
Even so, we’ve got all the details potential investors need to know about Data Storage below.
Data Storage is an infrastructure as a service company that works with multiple tech companies.
That includes the likes of IBM (NYSE:IBM), Dell (NYSE:DELL), VMware (NYSE:VMW), and others.
Its specific focus is on “data recovery and business continuity services.”
These services allow it to help companies “protect their data, minimize downtime and recover and restore data within their objectives.”
Its headquarters is located in Melville, N.Y.
The company is run by Charles M. Piluso, who serves as its CEO, CFO, and chairman of the Board.
DTST stock is seeing heavy trading today with the interest from retail traders. As of this writing, more than 39 million shares have been traded. For comparison, the stock’s daily average trading volume is only about 185,000 shares.
DTST stock was up 33.9% as of Wednesday afternoon.
We’ve got loads of otherstock newsfor today to check out below!
InvestorPlace has the stock market covered with its daily content. A few examples of what to look into today includes the latest news on Jaguar Health (NASDAQ:JAGX), Dare Bioscience (NASDAQ:DARE), and Newegg (NASDAQ:NEGG) shares. You can learn more about that at the following links.
More Wednesday Stock Market News
JAGX Stock: The New Analyst Price Target Making Jaguar Health Jump Today
DARE Stock: Why Did ‘Gates’ Give Dare Bioscience a $49M Grant?
NEGG Stock: The Latest Headlines That Have Grabbed Newegg Investors’ Attention
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed
The post DTST Stock: 6 Things to Know About Data Storage Amid Its New Meme Stock Status 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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That includes the likes of IBM (NYSE:IBM), Dell (NYSE:DELL), VMware (NYSE:VMW), and others. They gather together on places like Reddit, Twitter (NYSE:TWTR), and private Discord servers to plan out pumps of stocks. NEGG Stock: The Latest Headlines That Have Grabbed Newegg Investors’ Attention On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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That includes the likes of IBM (NYSE:IBM), Dell (NYSE:DELL), VMware (NYSE:VMW), and others. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Data Storage (NASDAQ:DTST) shares are running higher on Wednesday as the company gains meme stock status with retail traders on social media. A few examples of what to look into today includes the latest news on Jaguar Health (NASDAQ:JAGX), Dare Bioscience (NASDAQ:DARE), and Newegg (NASDAQ:NEGG) shares.
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That includes the likes of IBM (NYSE:IBM), Dell (NYSE:DELL), VMware (NYSE:VMW), and others. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Data Storage (NASDAQ:DTST) shares are running higher on Wednesday as the company gains meme stock status with retail traders on social media. More Wednesday Stock Market News JAGX Stock: The New Analyst Price Target Making Jaguar Health Jump Today DARE Stock: Why Did ‘Gates’ Give Dare Bioscience a $49M Grant?
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That includes the likes of IBM (NYSE:IBM), Dell (NYSE:DELL), VMware (NYSE:VMW), and others. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Data Storage (NASDAQ:DTST) shares are running higher on Wednesday as the company gains meme stock status with retail traders on social media. Even so, we’ve got all the details potential investors need to know about Data Storage below.
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34b5e255-325b-4377-946e-f3052d4cb1ab
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725961.0
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2021-07-07 00:00:00 UTC
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Got $5,000? Buy and Hold These 3 Value Stocks for Years
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DELL
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https://www.nasdaq.com/articles/got-%245000-buy-and-hold-these-3-value-stocks-for-years-2021-07-07
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nan
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nan
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Whether you are worried about a recession or just want investments you can safely hang on to for years, value stocks are great options to consider putting your money into. With modest valuations and strong fundamentals, these are the types of stocks that can lead to long-term wealth. Some of them pay recurring dividends too.
If you've got $5,000 that you can afford to invest, then three stocks that should rank high on your list of possible investments are AbbVie (NYSE: ABBV), Bank of America (NYSE: BAC), and Dell (NYSE: DELL). They are solid companies that together, can also help diversify your portfolio by giving you exposure to the healthcare, banking, and technology sectors.
Image source: Getty Images.
1. AbbVie
AbbVie may look like an expensive buy when you look at its price-to-earnings (P/E) ratio, which today is more than 40. However, that is based on the company's trailing 12 months. On a forward basis and where analysts expect the healthcare company to be next year in terms of profitability, its P/E ratio falls to a multiple of just nine. To put that into perspective, industry giant Johnson & Johnson trades at more than 17 times its future earnings and Abbott Laboratories (which AbbVie used to be a part of) is at a multiple of more than 27. This makes AbbVie seem like a cheap buy in comparison, by a mile.
One of the big reasons the company's financials will get a boost is that they now include the results from Botox maker Allergan. The deal officially closed in May 2020, which means it hasn't been a full year yet where the company's top and bottom lines have benefited from the inclusion of the business.
When AbbVie reported its first-quarter results for the period ending March 31, its sales looked incredible at $13 billion, representing year-over-year growth of 51%. However, Allergan was a big reason behind those stronger results; on a comparable basis, the revenue growth was closer to 5%. But what's important is that Allergan is now included in the sales mix, and that means better profit numbers. In the first quarter, net earnings of $3.6 billion were 18% higher than in the prior-year period. And the company is bullish on its future, projecting that for 2021 its diluted earnings per share will come in as high as $7.47 -- nearly three times the $2.72 it reported in 2020 and 41% better than the $5.28 it reported in the last full non-pandemic year in 2019.
On top of these expectations, AbbVie's dividend yield today rings in around 4.3%-- much higher than the S&P 500 average of 1.4%, making AbbVie a sound investment to add to your portfolio today.
2. Bank of America
Shares of Bank of America have been soaring over the past year, up more than 72%. That's better than the S&P 500's returns of 39% (and well above AbbVie's modest 17% rise in value). But despite that incredible performance, the top bank stock still isn't an expensive buy; at a forward P/E of 13 it is trading at a slightly steeper valuation than its peers Wells Fargo and JPMorgan Chase which trade at around 12 times their future earnings, but that's still not a terribly high value for value investors. And with interest rates potentially on the rise as early as next year, that multiple could come down in a hurry as banks can capitalize on better rates and pocket more of the spread between what they pay and what they charge.
Bank stocks are often good value buys because they usually post profits and aren't extremely aggressive in their growth. Over the past four quarters, Bank of America has generated a profit margin of 24%. And when looking at the last five years, its bottom line has typically been at least 19% of its revenue. The company confirmed the strength of its financial results after passing the Federal Reserve's 2021 stress test. As a result, it will be hiking its dividend payments by 17%. Other banks also made rate hikes amid strong performances in the sector. With a yield of 1.8%, Bank of America's payout also comes in higher than the S&P 500 average.
For long-term investors, Bank of America is an easy stock to put away in your portfolio and forget that you own. Its stellar results make it among the safest buys out there and an above-average yield will give you extra incentive to hang on and watch that dividend income grow over the years.
3. Dell
The tech sector usually doesn't contain many great value buys, but Dell is an exception. By its forward P/E of less than 12, it's an even cheaper buy than Bank of America. Even a safe tech stock like Cisco trades at more than 16 times its future earnings. You might not expect that from Dell given that it has already generated returns of 83% over the past year. But the stock may have even more to give: Morgan Stanley recently priced the stock as high as $130 (last week shares of Dell closed right around the $100 mark).
Dell is coming off a strong first quarter fiscal 2022 for which it reported sales of $24 billion in the period ending April 30. That was a year-over-year increase of 12% -- a sharp improvement given that over a two-year span from fiscal 2019 to fiscal 2021, its top line grew by just 4%. The company doesn't think it's a fluke, either. With more businesses turning to the cloud and transforming their operations so that they are more digital and versatile, Dell sees a brighter future ahead. Not only did its product sales grow by 12%, but service-related revenue (which accounted for more than a quarter of its top line) also rose by 10% from the same period last year.
Although the stock is the only one on this list that doesn't pay dividends, investors will likely be OK with that given the potential capital gains they could earn from owning this top computer company for many years. If you want some attractive growth opportunities along with great value, Dell is a stock you won't want to pass up.
10 stocks we like better than AbbVie
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 AbbVie 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 June 7, 2021
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Johnson & Johnson. 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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If you've got $5,000 that you can afford to invest, then three stocks that should rank high on your list of possible investments are AbbVie (NYSE: ABBV), Bank of America (NYSE: BAC), and Dell (NYSE: DELL). Dell The tech sector usually doesn't contain many great value buys, but Dell is an exception. You might not expect that from Dell given that it has already generated returns of 83% over the past year.
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If you've got $5,000 that you can afford to invest, then three stocks that should rank high on your list of possible investments are AbbVie (NYSE: ABBV), Bank of America (NYSE: BAC), and Dell (NYSE: DELL). Dell The tech sector usually doesn't contain many great value buys, but Dell is an exception. You might not expect that from Dell given that it has already generated returns of 83% over the past year.
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If you've got $5,000 that you can afford to invest, then three stocks that should rank high on your list of possible investments are AbbVie (NYSE: ABBV), Bank of America (NYSE: BAC), and Dell (NYSE: DELL). Dell The tech sector usually doesn't contain many great value buys, but Dell is an exception. You might not expect that from Dell given that it has already generated returns of 83% over the past year.
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Dell The tech sector usually doesn't contain many great value buys, but Dell is an exception. If you've got $5,000 that you can afford to invest, then three stocks that should rank high on your list of possible investments are AbbVie (NYSE: ABBV), Bank of America (NYSE: BAC), and Dell (NYSE: DELL). You might not expect that from Dell given that it has already generated returns of 83% over the past year.
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86c3a741-3acd-41d8-8362-909d8a63f1d4
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725962.0
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2021-07-01 00:00:00 UTC
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India selects four global firms to boost IT products manufacturing
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DELL
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https://www.nasdaq.com/articles/india-selects-four-global-firms-to-boost-it-products-manufacturing-2021-07-01
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nan
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nan
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MUMBAI, July 1 (Reuters) - India on Thursday named Dell IncDELL.N, Wistron Corp's 3231.TW ICT, Flex LtdFLEX.O and Foxconn's 2354.TW Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers.
Ten Indian companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp 1810.HKin India, the government said in a statement.
Under the plan, manufacturers get cash-backs of 1% to 4% of additional sales of locally made goods over four years, with 2019-2020 as the base year.
In the next four years these companies are expected to produce 1.61 trillion rupees ($21.59 billion) of IT hardware and create more than 36,000 jobs, the government said.
The plan is also likely to help U.S. tech giant Apple Inc AAPL.Oassemble some of its iPad tablets in India, Reuters previously reported.
Prime Minister Narendra Modi's policy push in the electronics sector has prompted Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron Corp4938.TW to set up base there.
Modi's strategy, coupled with India's huge market, have also helped turned the country into the world's second-biggest mobile maker after China.
New Delhi wants to replicate the success of smartphone manufacturing with other electronics in a bid to cut imports.
($1 = 74.5640 Indian rupees)
(Reporting by Sankalp Phartiyal and Rajendra Jadhav; Editing by Richard Chang)
((rajendra.jadhav@thomsonreuters.com; +91-22-68414378 ; Reuters Messaging: rajendra.jadhav.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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MUMBAI, July 1 (Reuters) - India on Thursday named Dell IncDELL.N, Wistron Corp's 3231.TW ICT, Flex LtdFLEX.O and Foxconn's 2354.TW Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers. Ten Indian companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp 1810.HKin India, the government said in a statement. Prime Minister Narendra Modi's policy push in the electronics sector has prompted Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron Corp4938.TW to set up base there.
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MUMBAI, July 1 (Reuters) - India on Thursday named Dell IncDELL.N, Wistron Corp's 3231.TW ICT, Flex LtdFLEX.O and Foxconn's 2354.TW Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers. In the next four years these companies are expected to produce 1.61 trillion rupees ($21.59 billion) of IT hardware and create more than 36,000 jobs, the government said. The plan is also likely to help U.S. tech giant Apple Inc AAPL.Oassemble some of its iPad tablets in India, Reuters previously reported.
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MUMBAI, July 1 (Reuters) - India on Thursday named Dell IncDELL.N, Wistron Corp's 3231.TW ICT, Flex LtdFLEX.O and Foxconn's 2354.TW Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers. Ten Indian companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp 1810.HKin India, the government said in a statement. Prime Minister Narendra Modi's policy push in the electronics sector has prompted Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron Corp4938.TW to set up base there.
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MUMBAI, July 1 (Reuters) - India on Thursday named Dell IncDELL.N, Wistron Corp's 3231.TW ICT, Flex LtdFLEX.O and Foxconn's 2354.TW Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers. Ten Indian companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp 1810.HKin India, the government said in a statement. In the next four years these companies are expected to produce 1.61 trillion rupees ($21.59 billion) of IT hardware and create more than 36,000 jobs, the government said.
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fd1c01ee-7948-4d01-950b-3b47ee19e21d
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725963.0
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2021-07-01 00:00:00 UTC
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Dell Technologies (NYSE:DELL) Might Have The Makings Of A Multi-Bagger
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DELL
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https://www.nasdaq.com/articles/dell-technologies-nyse%3Adell-might-have-the-makings-of-a-multi-bagger-2021-07-01
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nan
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nan
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What are the early trends we should look for to identify a stock that could multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Dell Technologies' (NYSE:DELL) returns on capital, so let's have a look.
Understanding Return On Capital Employed (ROCE)
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Dell Technologies, this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.083 = US$5.6b ÷ (US$122b - US$55b) (Based on the trailing twelve months to April 2021).
So, Dell Technologies has an ROCE of 8.3%. In absolute terms, that's a low return, but it's much better than the Tech industry average of 6.1%.
NYSE:DELL Return on Capital Employed July 1st 2021
Above you can see how the current ROCE for Dell Technologies compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
The Trend Of ROCE
We're delighted to see that Dell Technologies is reaping rewards from its investments and is now generating some pre-tax profits. About five years ago the company was generating losses but things have turned around because it's now earning 8.3% on its capital. Not only that, but the company is utilizing 227% more capital than before, but that's to be expected from a company trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
Another thing to note, Dell Technologies has a high ratio of current liabilities to total assets of 45%. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
The Bottom Line
Long story short, we're delighted to see that Dell Technologies' reinvestment activities have paid off and the company is now profitable. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 84% return over the last year. In light of that, we think it's worth looking further into this stock because if Dell Technologies can keep these trends up, it could have a bright future ahead.
One final note, you should learn about the 3 warning signs we've spotted with Dell Technologies (including 1 which shouldn't be ignored) .
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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To calculate this metric for Dell Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.083 = US$5.6b ÷ (US$122b - US$55b) (Based on the trailing twelve months to April 2021). The Bottom Line Long story short, we're delighted to see that Dell Technologies' reinvestment activities have paid off and the company is now profitable. Speaking of which, we noticed some great changes in Dell Technologies' (NYSE:DELL) returns on capital, so let's have a look.
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Speaking of which, we noticed some great changes in Dell Technologies' (NYSE:DELL) returns on capital, so let's have a look. To calculate this metric for Dell Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.083 = US$5.6b ÷ (US$122b - US$55b) (Based on the trailing twelve months to April 2021). So, Dell Technologies has an ROCE of 8.3%.
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NYSE:DELL Return on Capital Employed July 1st 2021 Above you can see how the current ROCE for Dell Technologies compares to its prior returns on capital, but there's only so much you can tell from the past. Speaking of which, we noticed some great changes in Dell Technologies' (NYSE:DELL) returns on capital, so let's have a look. To calculate this metric for Dell Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.083 = US$5.6b ÷ (US$122b - US$55b) (Based on the trailing twelve months to April 2021).
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So, Dell Technologies has an ROCE of 8.3%. Speaking of which, we noticed some great changes in Dell Technologies' (NYSE:DELL) returns on capital, so let's have a look. To calculate this metric for Dell Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.083 = US$5.6b ÷ (US$122b - US$55b) (Based on the trailing twelve months to April 2021).
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81c4e3f5-d0da-498e-9663-6e4df856e621
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725964.0
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2021-07-01 00:00:00 UTC
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Dealmakers drown in deals in second-quarter M&A frenzy
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DELL
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https://www.nasdaq.com/articles/dealmakers-drown-in-deals-in-second-quarter-ma-frenzy-2021-07-01
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nan
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nan
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By Pamela Barbaglia and Anirban Sen
LONDON, July 1 (Reuters) - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world.
Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down, Refinitiv data shows.
"This is an environment we haven't seen before because we have very supportive financing markets combined with the pressure to come out of COVID-19 and reorganize entire businesses," said Alison Harding-Jones, head of M&A for Europe, the Middle East and Africa at Citigroup C.N.
"These high levels of activity will likely continue through the summer," she added.
Second quarter volumes rose 440% in the United States with $699 billion worth of M&A deals compared to the same quarter last year when the world's biggest economy came to a halt because of the pandemic.
President Joe Biden's proposed tax hikes drove some companies to rush to complete deals before proceeds get taxed at a higher rate.
"Many transactions are happening because people want to announce and close before the end of the year. It makes sense on all sides from a tax perspective," said Anu Aiyengar, co-head of global M&A at JPMorgan Chase & Co JPM.N.
Dealmaking in Asia Pacific jumped 104% to $327 billion while Europe was up 50% to $293 billion.
The biggest deals of the quarter were all done domestically, as companies hedged their bets and refrained from hunting outside their home turf, wary of rising protectionism and geopolitical tensions between China and the United States.
"U.S. cross-border activity has decreased by just about every measure you can think about," said Vito Sperduto, co-head of global M&A at RBC Capital Markets.
The $40 billion merger of Southeast Asia's biggest ride-hailing and food-delivery firm, Grab Holdings, with U.S. blank-check firm Altimeter AGC.O was one of the few sizeable cross-border deals to top the quarterly charts.
SIZE MATTERS
While the global deal count suffered a 10% contraction compared to the first quarter, the M&A frenzy has translated into a spike in transactions value, with deals greater than $5 billion up 127% in the second quarter.
In the United States, telecoms firm AT&T T.N merged its content unit WarnerMedia with rival Discovery DISCA.O to create a media giant with an enterprise value of about $150 billion, while in Europe two German real estate giants - Vonovia VNAn.DE and Deutsche Wohnen DWNG.DE - tied the knot in a $34.5 billion merger. ,
"Corporates have been reset by this crisis and their mantra is now simplification and digitalisation as they strive to become more focused and complement their business model with new technologies," said George Holst, head of the corporate clients group at BNP Paribas BNPP.PA.
The telecoms, media and technology (TMT) industry topped the M&A charts with a combination of deals, spin-offs and corporate reorganisations involving the likes of Dell Technologies Inc DELL.N and Dutch-listed technology investor Prosus NV PRX.AS.
Fearful of falling prey to activist investors, companies across all sectors have taken steps to review their operations and tackle non-performing units.
"We expect a lot of sell-side activity in the second half of the year as many corporates are thinking about carve-outs right now. They feel it is the right time to refocus their businesses and divest non-core assets," said Tariq Hussain, head of European M&A at Jefferies JEF.N.
But for all its frenzy the second quarter saw a steep decline in SPAC listings as investors grew wary of the asset class and regulators tightened up scrutiny on blank-check companies.
"SPACs are a massive accelerator of deals, but the types of SPACs that will succeed going forward are more institutional in nature. Investors are no longer buying into these vehicles indiscriminately unless they have a solid story and management team," said Dominic Lester, European head of investment banking at Jefferies JEF.N.
FAST AND FURIOUS
The decline in SPAC activity was largely offset by a flurry of private equity-backed buyouts which rose 152% in the first six months of the year to $512 billion, representing 18% of global M&A volumes.
"What we're seeing now is cheapness of capital. The cost of capital is obviously playing a role in the activity that we are watching for both strategic and sponsor acquirers," said Lyle Wilpon, head of global M&A at BMO Capital Markets.
In Britain – Europe's biggest M&A market – the bout of private equity assaults was fast and furious with several publicly traded companies such as asset management services provider Sanne SNNS.L receiving multiple proposals before agreeing to a takeover deal.
Dealmakers said a possible hike in interest rates in the second half of the year could make financing conditions less favourable for investment funds but the pressure to deploy capital would remain intact for the next few quarters.
"Dry powder held by sophisticated private equity firms is at record highs which provides for meaningful buyer interest in target companies," said Steven Geller, co-head of global M&A at Credit Suisse CSGN.S.
Yet, the current level of activity might not be sustainable for long.
"Can you really grow off of such a high number of deals? It's more than likely that we are going to stabilise down a little bit because companies have to digest what they've done so far," said Marc-Anthony Hourihan, global co-head of M&A at UBS UBSG.S.
(Reporting by Pamela Barbaglia and Anirban Sen; additional reporting by Gwenaelle Barzic; Editing by Stephen Coates)
((pamela.barbaglia@thomsonreuters.com; +442075427723; Reuters Messaging: pamela.barbaglia.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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The telecoms, media and technology (TMT) industry topped the M&A charts with a combination of deals, spin-offs and corporate reorganisations involving the likes of Dell Technologies Inc DELL.N and Dutch-listed technology investor Prosus NV PRX.AS. By Pamela Barbaglia and Anirban Sen LONDON, July 1 (Reuters) - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world. In Britain – Europe's biggest M&A market – the bout of private equity assaults was fast and furious with several publicly traded companies such as asset management services provider Sanne SNNS.L receiving multiple proposals before agreeing to a takeover deal.
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The telecoms, media and technology (TMT) industry topped the M&A charts with a combination of deals, spin-offs and corporate reorganisations involving the likes of Dell Technologies Inc DELL.N and Dutch-listed technology investor Prosus NV PRX.AS. By Pamela Barbaglia and Anirban Sen LONDON, July 1 (Reuters) - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world. Second quarter volumes rose 440% in the United States with $699 billion worth of M&A deals compared to the same quarter last year when the world's biggest economy came to a halt because of the pandemic.
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The telecoms, media and technology (TMT) industry topped the M&A charts with a combination of deals, spin-offs and corporate reorganisations involving the likes of Dell Technologies Inc DELL.N and Dutch-listed technology investor Prosus NV PRX.AS. By Pamela Barbaglia and Anirban Sen LONDON, July 1 (Reuters) - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world. Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down, Refinitiv data shows.
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The telecoms, media and technology (TMT) industry topped the M&A charts with a combination of deals, spin-offs and corporate reorganisations involving the likes of Dell Technologies Inc DELL.N and Dutch-listed technology investor Prosus NV PRX.AS. Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down, Refinitiv data shows. Second quarter volumes rose 440% in the United States with $699 billion worth of M&A deals compared to the same quarter last year when the world's biggest economy came to a halt because of the pandemic.
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06c20b4e-1a3c-4e02-a7a7-3299fe6a15f8
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725965.0
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2021-06-30 00:00:00 UTC
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Orange to launch experimental 5G network amid telecom rush to the cloud
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DELL
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https://www.nasdaq.com/articles/orange-to-launch-experimental-5g-network-amid-telecom-rush-to-the-cloud-2021-06-30
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nan
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nan
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By Clara-Laeila Laudette
MADRID, June 30 (Reuters) - Orange ORAN.PAsaid on Wednesday it will launch an experimental 5G network using a cloud-based open platform and artificial intelligence in July, as the telecom industry rushes to shift services onto the cloud in a bid to cut costs and modernise.
Orange will build the network in Lannion, northern France, in partnership with companies such as Mavenir MVNR.O, Casa Systems CASA.O, Hewlett Packard Enterprise HPE.N, Dell Technologies DELL.N and Xiaomi 1810.HK.
"This experimental network will enable Orange to understand the customer benefit of a fully clouderised network, as well as AI," Orange's Chief Technology Officer Michael Trabbia told reporters on a call.
"We'll start small but ramp up quickly to encompass hundreds of users by the end of this year."
Orange hopes to expand the network, called Pikeo, to other countries in 2022, once it is fully-fledged and able to self-repair thanks to automation and machine learning, with Trabbia noting that Spain might be a good candidate for exportation.
Several telecom companies have been experimenting with a technology called Open Radio Access Network (RAN), which uses software to run network functions on the cloud, a feature requiring less physical equipment.
The technology promises to radically cut costs for telecom operators by employing cloud-based software and commoditized hardware rather proprietary equipment supplied by companies such as Nokia NOKIA.HE, Ericsson ERICb.ST and Huawei HWT.UL.
Orange has said it aims to have 100% of its new equipment be compatible with open RAN by 2025, a plan similar to that of Spanish operator Telefonica, as Europe's telecoms firms face the challenge of ever-accelerating digitalisation amid the pandemic.
"We're seeing big expectations from customers, the industry ... as with the factory of the future: augmented maintenance, high-definition monitoring, logistical elements which we're working to optimise thanks to this type of network," Trabbia added.
(Reporting by Clara-Laeila Laudette; additional reporting by Supantha Mukherjee; Editing by Marguerita Choy)
((Clara-Laeila.Laudette@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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Orange will build the network in Lannion, northern France, in partnership with companies such as Mavenir MVNR.O, Casa Systems CASA.O, Hewlett Packard Enterprise HPE.N, Dell Technologies DELL.N and Xiaomi 1810.HK. By Clara-Laeila Laudette MADRID, June 30 (Reuters) - Orange ORAN.PAsaid on Wednesday it will launch an experimental 5G network using a cloud-based open platform and artificial intelligence in July, as the telecom industry rushes to shift services onto the cloud in a bid to cut costs and modernise. The technology promises to radically cut costs for telecom operators by employing cloud-based software and commoditized hardware rather proprietary equipment supplied by companies such as Nokia NOKIA.HE, Ericsson ERICb.ST and Huawei HWT.UL.
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Orange will build the network in Lannion, northern France, in partnership with companies such as Mavenir MVNR.O, Casa Systems CASA.O, Hewlett Packard Enterprise HPE.N, Dell Technologies DELL.N and Xiaomi 1810.HK. By Clara-Laeila Laudette MADRID, June 30 (Reuters) - Orange ORAN.PAsaid on Wednesday it will launch an experimental 5G network using a cloud-based open platform and artificial intelligence in July, as the telecom industry rushes to shift services onto the cloud in a bid to cut costs and modernise. Several telecom companies have been experimenting with a technology called Open Radio Access Network (RAN), which uses software to run network functions on the cloud, a feature requiring less physical equipment.
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Orange will build the network in Lannion, northern France, in partnership with companies such as Mavenir MVNR.O, Casa Systems CASA.O, Hewlett Packard Enterprise HPE.N, Dell Technologies DELL.N and Xiaomi 1810.HK. By Clara-Laeila Laudette MADRID, June 30 (Reuters) - Orange ORAN.PAsaid on Wednesday it will launch an experimental 5G network using a cloud-based open platform and artificial intelligence in July, as the telecom industry rushes to shift services onto the cloud in a bid to cut costs and modernise. "This experimental network will enable Orange to understand the customer benefit of a fully clouderised network, as well as AI," Orange's Chief Technology Officer Michael Trabbia told reporters on a call.
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Orange will build the network in Lannion, northern France, in partnership with companies such as Mavenir MVNR.O, Casa Systems CASA.O, Hewlett Packard Enterprise HPE.N, Dell Technologies DELL.N and Xiaomi 1810.HK. Several telecom companies have been experimenting with a technology called Open Radio Access Network (RAN), which uses software to run network functions on the cloud, a feature requiring less physical equipment. The technology promises to radically cut costs for telecom operators by employing cloud-based software and commoditized hardware rather proprietary equipment supplied by companies such as Nokia NOKIA.HE, Ericsson ERICb.ST and Huawei HWT.UL.
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e6fd2cba-58d0-4af4-8f12-ee808770510c
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725966.0
|
2021-06-29 00:00:00 UTC
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OMFL, QQQA: Big ETF Inflows
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DELL
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https://www.nasdaq.com/articles/omfl-qqqa%3A-big-etf-inflows-2021-06-29
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, which added 11,370,000 units, or a 34.1% increase week over week. Among the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.3%, and L Brands is higher by about 1%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares ProShares Nasdaq-100 Dorsey Wright Momentum ETF, which added 40,000 units, for a 40.0% increase in outstanding units. Among the largest underlying components of QQQA, in morning trading today Idexx Laboratories is trading flat, and Alphabet is lower by about 0.5%.
VIDEO: OMFL, QQQA: Big ETF Inflows
The views and 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 the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.3%, and L Brands is higher by about 1%. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares ProShares Nasdaq-100 Dorsey Wright Momentum ETF, which added 40,000 units, for a 40.0% increase in outstanding units. VIDEO: OMFL, QQQA: Big ETF Inflows The views and 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 the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.3%, and L Brands is higher by about 1%. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares ProShares Nasdaq-100 Dorsey Wright Momentum ETF, which added 40,000 units, for a 40.0% increase in outstanding units. Among the largest underlying components of QQQA, in morning trading today Idexx Laboratories is trading flat, and Alphabet is lower by about 0.5%.
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Among the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.3%, and L Brands is higher by about 1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, which added 11,370,000 units, or a 34.1% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares ProShares Nasdaq-100 Dorsey Wright Momentum ETF, which added 40,000 units, for a 40.0% increase in outstanding units.
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Among the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.3%, and L Brands is higher by about 1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, which added 11,370,000 units, or a 34.1% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares ProShares Nasdaq-100 Dorsey Wright Momentum ETF, which added 40,000 units, for a 40.0% increase in outstanding units.
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1ab54aab-4dfd-4a1d-b232-e75e5c152d54
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725967.0
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2021-06-23 00:00:00 UTC
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Notable Wednesday Option Activity: GES, COTY, DELL
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DELL
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-ges-coty-dell-2021-06-23
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in GUESS ?, Inc. (Symbol: GES), where a total of 4,747 contracts have traded so far, representing approximately 474,700 underlying shares. That amounts to about 50.5% of GES's average daily trading volume over the past month of 940,520 shares. Especially high volume was seen for the $27 strike call option expiring July 16, 2021, with 1,610 contracts trading so far today, representing approximately 161,000 underlying shares of GES. Below is a chart showing GES's trailing twelve month trading history, with the $27 strike highlighted in orange:
Coty, Inc. (Symbol: COTY) saw options trading volume of 27,970 contracts, representing approximately 2.8 million underlying shares or approximately 50% of COTY's average daily trading volume over the past month, of 5.6 million shares. Particularly high volume was seen for the $10 strike call option expiring July 16, 2021, with 6,745 contracts trading so far today, representing approximately 674,500 underlying shares of COTY. Below is a chart showing COTY's trailing twelve month trading history, with the $10 strike highlighted in orange:
And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 10,442 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 49.6% of DELL's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $110 strike call option expiring July 16, 2021, with 4,207 contracts trading so far today, representing approximately 420,700 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for GES options, COTY options, or DELL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $110 strike call option expiring July 16, 2021, with 4,207 contracts trading so far today, representing approximately 420,700 underlying shares of DELL. Below is a chart showing COTY's trailing twelve month trading history, with the $10 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 10,442 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 49.6% of DELL's average daily trading volume over the past month, of 2.1 million shares.
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Below is a chart showing COTY's trailing twelve month trading history, with the $10 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 10,442 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 49.6% of DELL's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $110 strike call option expiring July 16, 2021, with 4,207 contracts trading so far today, representing approximately 420,700 underlying shares of DELL.
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Particularly high volume was seen for the $110 strike call option expiring July 16, 2021, with 4,207 contracts trading so far today, representing approximately 420,700 underlying shares of DELL. Below is a chart showing COTY's trailing twelve month trading history, with the $10 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 10,442 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 49.6% of DELL's average daily trading volume over the past month, of 2.1 million shares.
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Particularly high volume was seen for the $110 strike call option expiring July 16, 2021, with 4,207 contracts trading so far today, representing approximately 420,700 underlying shares of DELL. Below is a chart showing COTY's trailing twelve month trading history, with the $10 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 10,442 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 49.6% of DELL's average daily trading volume over the past month, of 2.1 million shares.
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23f0dec6-6005-4c62-89db-dcce64d2739c
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725968.0
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2021-06-21 00:00:00 UTC
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Ubiquiti: An Under-the-Radar Technology Disruptor
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DELL
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https://www.nasdaq.com/articles/ubiquiti%3A-an-under-the-radar-technology-disruptor-2021-06-21
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nan
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nan
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The growth of the internet has gone on unabated for nearly three decades. Companies that sell the hardware that forms the backbone of the internet, called networking infrastructure, have seen a consistent rise in demand. One underfollowed stock in this space is Ubiquiti (NYSE: UI). Founded back in 2003 by an ex-Apple engineer, the company is trying to disrupt and displace some of the legacy infrastructure providers like Cisco Systems (NASDAQ: CSCO).
Image source: Getty Images.
What Ubiquiti does
The networking infrastructure market has many different niches, and Ubiquiti operates in a few of them. One is Wi-Fi hardware. Its UniFi product line sells high-quality equipment that enables people and businesses to access wireless internet services.
Another large segment is cameras and security systems. Ubiquiti sells smart cameras and doorbells to help individuals and enterprises improve their security. And of course, these products all integrate to UniFi hardware as well. On top of these hardware products, Ubiquiti provides software applications to its customers so IT teams can constantly monitor their networks and security systems.
Lastly, Ubiquiti sells hardware to internet service providers (ISPs) to help them distribute and monitor the internet in their communities.
Large competitors, but a big market opportunity
Ubiquiti has many competitors, including Netgear, Juniper Networks, and Dell Technologies, but its main competitor is Cisco Systems. The technology giant has been the market leader in networking infrastructure for decades. In fact, Cisco claims that 85% of internet traffic travels across its systems. The company had $49 billion in sales and $10 billion in net income over the past 12 months.
I mention Cisco's financials because they illustrate the large opportunity Ubiquiti is going after. According to Statista, the global networking infrastructure market is supposed to reach $227 billion by 2025. Ubiquiti serves only a small fraction of this market, and doesn't operate in every market globally, but this is a gigantic industry nonetheless. If it can continue to take market share from incumbents like Cisco, Ubiquiti should be able to grow its business for the foreseeable future.
Strong growth, but a high valuation
Speaking of growth, Ubiquiti has grown its top and bottom line consistently since going public in 2011. Revenue hit $1.7 billion over the last 12 months, and net income was $555 million. A 32.6% net margin is high for a hardware company, especially considering that revenue grew 38% over the last 12 months as well.
On top of this consistent growth, Ubiquiti continues to return cash to shareholders in the form of dividends and share buybacks. Its dividend yield sits at around 0.5%, and management has raised its dividend payout each of the last three years. Buybacks are a mainstay at Ubiquiti. Since 2015, its share count has gone from around 88 million down to 62.8 million, where it sits today. If Ubiquiti continues to grow its consolidated profits, this slowly shrinking share count will be beneficial to investors as it helps increase earnings per share and free cash flow per share.
Image source: Ycharts.
As you might expect, due to the company's strong financial performance, Ubiquiti stock trades at a premium valuation. With a market cap of $20 billion, its price-to-earnings ratio (P/E) sits at 36. This isn't a crazy-high multiple, but it isn't dirt cheap, either. However, as a potential investor, if you believe Ubiquiti can continue growing its market share in networking infrastructure while also returning cash to shareholders through buybacks and dividends, this P/E of 36 might look cheap a few years from now. For these reasons, it might not be too late to buy shares in this technology disruptor.
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Brett Schafer has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool recommends Ubiquiti Inc. and 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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Large competitors, but a big market opportunity Ubiquiti has many competitors, including Netgear, Juniper Networks, and Dell Technologies, but its main competitor is Cisco Systems. Founded back in 2003 by an ex-Apple engineer, the company is trying to disrupt and displace some of the legacy infrastructure providers like Cisco Systems (NASDAQ: CSCO). On top of these hardware products, Ubiquiti provides software applications to its customers so IT teams can constantly monitor their networks and security systems.
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Large competitors, but a big market opportunity Ubiquiti has many competitors, including Netgear, Juniper Networks, and Dell Technologies, but its main competitor is Cisco Systems. Lastly, Ubiquiti sells hardware to internet service providers (ISPs) to help them distribute and monitor the internet in their communities. On top of this consistent growth, Ubiquiti continues to return cash to shareholders in the form of dividends and share buybacks.
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Large competitors, but a big market opportunity Ubiquiti has many competitors, including Netgear, Juniper Networks, and Dell Technologies, but its main competitor is Cisco Systems. What Ubiquiti does The networking infrastructure market has many different niches, and Ubiquiti operates in a few of them. However, as a potential investor, if you believe Ubiquiti can continue growing its market share in networking infrastructure while also returning cash to shareholders through buybacks and dividends, this P/E of 36 might look cheap a few years from now.
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Large competitors, but a big market opportunity Ubiquiti has many competitors, including Netgear, Juniper Networks, and Dell Technologies, but its main competitor is Cisco Systems. Companies that sell the hardware that forms the backbone of the internet, called networking infrastructure, have seen a consistent rise in demand. However, as a potential investor, if you believe Ubiquiti can continue growing its market share in networking infrastructure while also returning cash to shareholders through buybacks and dividends, this P/E of 36 might look cheap a few years from now.
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3e2b8357-568c-4209-ad6e-c188009d2f29
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725969.0
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2021-06-20 00:00:00 UTC
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Buy HP Inc. Stock For 25% Upside?
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DELL
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https://www.nasdaq.com/articles/buy-hp-inc.-stock-for-25-upside-2021-06-20
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nan
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nan
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Up more than 2x from its low in March 2020, at the current price of $28 per share, we believe HP Inc. stock (NYSE: HPQ) has further upside potential. HP Inc. has seen its stock rise from $14 to $28 off its March 2020 low, more than the S&P which increased by over 85% from its lows. Further, the stock is up around 25% from the level it was at before the pandemic. However, we believe that HPQ stock could rise around 25% to regain its recent high of $36, driven by expectations of steady demand growth and strong Q2 2021 results. Our dashboard What Factors Drove 39% Change In HP Inc. Stock Between 2018 And Now? has the underlying numbers behind our thinking.
HP Inc. stock’s rise since late 2018 came despite a 3% drop in revenues from $58.5 billion in FY 2018 to $56.6 billion in FY 2020 (HPQ’s fiscal year ends in October). Net margins dropped from 9.1% to 5% over this period, but this was largely due to a $387 million tax expense in FY’20, compared to a $2.13 billion tax benefit in FY ’18. Combined with a 12% drop in the outstanding share count, EPS (earnings-per-share) dropped 39%, from $3.30 to $2.01 over this period.
However, HPQ’s P/E (price-to-earnings) multiple rose from 6x in 2018 to 12x by 2020 end, and has further risen to 14x currently. We believe that the company’s P/E ratio has the potential to rise further in the near term on expectations of continuing demand growth and a favorable shareholder return policy, thus driving the stock price higher.
Where Is The Stock Headed?
The global spread of Coronavirus initially saw a drop in demand for computing devices and peripherals across all markets, which meant lower demand for HP’s products. However, with work from home becoming the new normal, demand for these products has risen since. This has benefited HPQ, as is evident from the company’s revenues in Q2 2021, which came in at $15.9 billion, up from $12.5 billion for the same period last year. Operating income rose from $826 million to $1.36 billion over this period, and with a roughly unchanged effective tax rate, EPS jumped from $0.53 to $1.00.
Additionally, with laptops and computer peripherals sales expected to stay strong, we believe demand for the company’s products will continue growing, and that revenues stand to benefit in the medium term. Further, if the company can continue controlling expenses going forward, a rise in investor expectations could drive up the company’s P/E multiple. We believe that HP Inc. stock can rise around 25% from current levels, to regain its recent highs of $36.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, we believe that HPQ stock could rise around 25% to regain its recent high of $36, driven by expectations of steady demand growth and strong Q2 2021 results. We believe that the company’s P/E ratio has the potential to rise further in the near term on expectations of continuing demand growth and a favorable shareholder return policy, thus driving the stock price higher. Additionally, with laptops and computer peripherals sales expected to stay strong, we believe demand for the company’s products will continue growing, and that revenues stand to benefit in the medium term.
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However, we believe that HPQ stock could rise around 25% to regain its recent high of $36, driven by expectations of steady demand growth and strong Q2 2021 results. HP Inc. stock’s rise since late 2018 came despite a 3% drop in revenues from $58.5 billion in FY 2018 to $56.6 billion in FY 2020 (HPQ’s fiscal year ends in October). Net margins dropped from 9.1% to 5% over this period, but this was largely due to a $387 million tax expense in FY’20, compared to a $2.13 billion tax benefit in FY ’18.
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However, we believe that HPQ stock could rise around 25% to regain its recent high of $36, driven by expectations of steady demand growth and strong Q2 2021 results. HP Inc. stock’s rise since late 2018 came despite a 3% drop in revenues from $58.5 billion in FY 2018 to $56.6 billion in FY 2020 (HPQ’s fiscal year ends in October). We believe that the company’s P/E ratio has the potential to rise further in the near term on expectations of continuing demand growth and a favorable shareholder return policy, thus driving the stock price higher.
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This has benefited HPQ, as is evident from the company’s revenues in Q2 2021, which came in at $15.9 billion, up from $12.5 billion for the same period last year. Additionally, with laptops and computer peripherals sales expected to stay strong, we believe demand for the company’s products will continue growing, and that revenues stand to benefit in the medium term. We believe that HP Inc. stock can rise around 25% from current levels, to regain its recent highs of $36.
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0be1985b-1354-45ef-a2fe-ea01d72d8f04
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725970.0
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2021-06-17 00:00:00 UTC
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Good Stocks To Invest In Right Now? 5 Tech Stocks To Know
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DELL
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https://www.nasdaq.com/articles/good-stocks-to-invest-in-right-now-5-tech-stocks-to-know-2021-06-17
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nan
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nan
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5 Top Tech Stocks To Watch In The Stock Market Today
While investors ponder about what stocks to buy today, I could see tech stocks moving in the stock market. Why? Well, tech investors received some positive news yesterday from Federal Reserve Chairman Jerome Powell. At the end of the two-day meeting, it was revealed that the Feds would keep its benchmark interest rate close to zero. Moreover, central bank officials also noted that the next hike could come in 2023. Could the worst of investors’ interest rate fears be over for now?
If anything, CNBC’s Jim Cramer seems to believe so. The Mad Money host suggests that investors should stick their strategies and “buy some high-quality stocks” amidst the current dips. Adding to that, he also believes that industrials and tech stocks could have “a lot more room to run“. Indeed, all this would put some of the top tech stocks in thestock market todayin focus.
While this is great news for the tech industry, tech companies have and continue to make massive strides regardless. Notably, tech giants like Google (NASDAQ: GOOGL) and Baidu (NASDAQ: BIDU) are making plays this week as well. In Google’s case, the company provided consumers a sneak peek inside its first-ever physical retail store in New York. This would appeal to customers looking for support for their Google products. Meanwhile, Baidu is looking to build 1,000 driverless cars over the next three years. The likes of which would serve to commercialize autonomous taxis on a mass scale in China. As you can see, there is no shortage of exciting developments in the tech world today. With that in mind, could one of these five trending names be worth knowing now?
Best Tech Stocks To Buy [Or Avoid] In June
The Trade Desk Inc. (NASDAQ: TTD)
Marathon Digital Holdings (NASDAQ: MARA)
Palantir Technologies Inc. (NYSE: PLTR)
Dell Technologies Inc. (NYSE: DELL)
ServiceNow Inc. (NYSE: NOW)
Trade Desk Inc.
Trade Desk is a global technology company that markets a software platform. Its platform empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices.
Also, the company allows integrations with major data, inventory, and publisher partners to ensure maximum reach. TTD stock currently trades at $62.53 as of 2:27 p.m. ET. The share has just undergone a 10-for-1 stock split.
On Wednesday, the company has just launched its operations in India, as well as appointed Tejinder Gill as the company’s India General Manager. Tejinder will lead the company’s business and growth strategy in India, helping Indian brands and publishers unleash the full potential of the open internet. The digital space is the fastest-growing advertising segment in India and Trade Desk could capitalize on this opportunity. For this reason, will you consider adding TTD stock to your portfolio?
Read More
4 Top Advertising Stocks To Watch Right Now
Best Stocks To Buy Now? 5 Dividend Stocks To Watch
Marathon Digital Holdings Inc.
Marathon is a company that focuses on digital asset technology. Specifically, it mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. Its main operations are at its proprietary Data Center in Hardin MT, with a maximum power capacity of 105 Megawatts. It projects to have a mining fleet of over 103,000 miners with a hash rate of 10.36 EH/s once it is fully deployed. MARA stock currently trades at $30.09 as of 2:27 p.m. ET.
On Tuesday, the company announced that it will join the Russell 2000 Index. In detail, Marathon will join the Russell 2000 Index after the 2021 Russell indices’ annual reconstitution, effective after the U.S. stock markets open on June 28, 2021.
The company says it expects the inclusion in the index to increase its visibility within the greater investment community, which would benefit both new and existing shareholders. Given the excitement surrounding the company, will you add MARA stock to your watchlist?
[Read More] Best Stocks Moving Today? 4 Biotech Names To Watch
Palantir Technologies Inc
Palantir is a software company that focuses on big data analytics and cybersecurity. It builds enterprise data platforms for organizations with complex and sensitive data environments. Unsurprisingly, the company actually serves many industries. This would range from building safer cars and planes to discovering new drugs and combating terrorism. PLTR stock currently trades at $25.16 as of 2:28 p.m. ET.
In late May, the company announced that it has been selected by the U.S. Special Operations Command (USSOCOM) to continue its work as its enterprise data management and AI-enabled mission command platform. In brief, Palantir was awarded a $111 million contract, which includes a base year and one option year.
“Our partnership with USSOCOM was one of our first in the U.S. military, and we are honored to keep providing technology that gets the job done while we partner on the future of what is possible,” said Doug Philippone, Palantir’s Global Defense Lead. All things considered, will you buy PLTR stock?
[Read More] Best Cheap Stocks To Buy Now? 5 Growth Stocks For Your Watchlist
Dell Technologies Inc.
Another major player in the tech space to know now would be Dell Technologies Inc. For the most part, Dell is a household name for many now. The company’s portfolio includes personal computers, digital acceleration services, and cloud storage solutions to name a few.
Given the current trajectory of organizations towards the digital space, Dell’s services would be in high demand now. Evidently, the company recently posted a record quarter in terms of revenue thanks to continued strength across its core divisions.
While Dell’s main business segments continue to ride industry tailwinds, the company is not sitting idly by. Earlier today, it was revealed that Dish Network, a major U.S. connectivity company, will be working with Dell. Specifically, Dish is planning to tap Dell’s offerings for its new U.S. 5G network. Together with the likes of Nokia (NYSE: NOK), the current project is looking to cover 70% of the U.S. population by mid-2023. With Dell a part of this ambitious collaboration, would you consider DELL stock worth investing in?
[Read More] Top Stocks To Invest In Now? 3 Inflation Stocks For Your Watchlist
ServiceNow Inc.
Following that, we have ServiceNow Inc. In brief, the California-based software company manages and operates its proprietary cloud computing platform. Through said platform, ServiceNow aids organizations manage their digital workflows. As organizations continue to shift towards digital offices, digital workloads would also be growing. Accordingly, I could see investors eyeing NOW stock because of this.
For one thing, it has been an exciting time for ServiceNow recently. Firstly, NOW stock was revealed to be on Goldman Sachs’ (NYSE: GS) conviction buy list. Last week, GS analyst Kash Rangan suggested that ServiceNow’s customer base will likely grow moving forward. On the operational front, ServiceNow is now working with cybersecurity company Zscaler (NASDAQ: ZS) for its remote access security needs.
According to Zscaler, ServiceNow users have access to zero-trust connectivity, providing more comprehensive digital security solutions. These would decrease the burden of security teams, making them more efficient. With ServiceNow seemingly firing on all cylinders, could NOW stock be a top buy for you?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Best Tech Stocks To Buy [Or Avoid] In June The Trade Desk Inc. (NASDAQ: TTD) Marathon Digital Holdings (NASDAQ: MARA) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) ServiceNow Inc. (NYSE: NOW) Trade Desk Inc. Trade Desk is a global technology company that markets a software platform. 5 Growth Stocks For Your Watchlist Dell Technologies Inc. Another major player in the tech space to know now would be Dell Technologies Inc. For the most part, Dell is a household name for many now. Given the current trajectory of organizations towards the digital space, Dell’s services would be in high demand now.
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Best Tech Stocks To Buy [Or Avoid] In June The Trade Desk Inc. (NASDAQ: TTD) Marathon Digital Holdings (NASDAQ: MARA) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) ServiceNow Inc. (NYSE: NOW) Trade Desk Inc. Trade Desk is a global technology company that markets a software platform. 5 Growth Stocks For Your Watchlist Dell Technologies Inc. Another major player in the tech space to know now would be Dell Technologies Inc. For the most part, Dell is a household name for many now. Given the current trajectory of organizations towards the digital space, Dell’s services would be in high demand now.
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Best Tech Stocks To Buy [Or Avoid] In June The Trade Desk Inc. (NASDAQ: TTD) Marathon Digital Holdings (NASDAQ: MARA) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) ServiceNow Inc. (NYSE: NOW) Trade Desk Inc. Trade Desk is a global technology company that markets a software platform. 5 Growth Stocks For Your Watchlist Dell Technologies Inc. Another major player in the tech space to know now would be Dell Technologies Inc. For the most part, Dell is a household name for many now. Given the current trajectory of organizations towards the digital space, Dell’s services would be in high demand now.
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Best Tech Stocks To Buy [Or Avoid] In June The Trade Desk Inc. (NASDAQ: TTD) Marathon Digital Holdings (NASDAQ: MARA) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) ServiceNow Inc. (NYSE: NOW) Trade Desk Inc. Trade Desk is a global technology company that markets a software platform. 5 Growth Stocks For Your Watchlist Dell Technologies Inc. Another major player in the tech space to know now would be Dell Technologies Inc. For the most part, Dell is a household name for many now. Given the current trajectory of organizations towards the digital space, Dell’s services would be in high demand now.
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6aefdda3-ca29-4e57-b4fe-e861271d250a
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725971.0
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2021-06-17 00:00:00 UTC
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Dish Collaborates with Dell for 5G Infrastructure Rollout
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DELL
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https://www.nasdaq.com/articles/dish-collaborates-with-dell-for-5g-infrastructure-rollout-2021-06-17
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nan
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nan
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Dish Network (DISH) will leverage some of Dell Technologies' (DELL) parts as it moves to build its 5G network infrastructure in the U.S. Reuters reports that the cable giant will use Dell's computer servers, which will sit at the bottom of its 5G cell towers.
Dish has turned to Dell as one of its technology partners as it seeks to cover 70% of the U.S population with its 5G network by 2023. According to Reuters, the company will launch its first 5G service as early as next year in Las Vegas, Nevada. (See Dish stock chart on TipRanks)
Unlike other carriers that are simply upgrading their networks, Dish faces an uphill task as it builds its 5G infrastructure from scratch. Rather than buy all the gear it needs to support the network, the company will leverage the Open Radio Access Network (O-Ran). Dish uses software to run functions on standardized computer hardware. (See Dell stock charts on TipRanks)
The use of O-RAN will allow Dish to mix hardware and services from different vendors instead of relying on one vendor, such as Nokia (NOK).
"We can put the servers at the bottom of the tower, or we can centralize 10, 15 or 50 sites … The beauty of this edge cloud is the software can be placed where we want it," said Dish's executive Marc Rouanne.
Pivotal Research analyst Jeffrey Wlodarczak has upgraded the stock to a Buy from a Hold and increased the price target to $60.00 from $50, implying 45.5% upside potential to current levels. According to the analyst, the price target is conservative, given Dish's prospects around the 5G network.
Wlodarczak stated, “DISH is in the process of rolling out what we view as a revolutionary cloud-native/software-driven 5G network with key partner AWS (AMZN, N/R) that should allow them/developers/AWS to relatively quickly develop 5G applications/services that have the potential to revolutionize wireless, particularly in enterprise market."
Consensus among analysts is a Moderate Buy based on 5 Buys, 3 Holds, and 2 Sells. The average analyst Dish price target of $49.22 implies 19.38% upside potential to current levels.
DISH scores 4 out of 10 on TipRanks' Smart Score rating system, suggesting that the stock is likely to perform in line with market averages.
Related News:
Trimble to Sell Iron Solutions Unit to Randall-Reilly; Street Says Buy
Extended Stay America Acquired by Blackstone and Starwood Capital Group for $6B
Google Opens First Physical Store in New York City
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dish Network (DISH) will leverage some of Dell Technologies' (DELL) parts as it moves to build its 5G network infrastructure in the U.S. Reuters reports that the cable giant will use Dell's computer servers, which will sit at the bottom of its 5G cell towers. Dish has turned to Dell as one of its technology partners as it seeks to cover 70% of the U.S population with its 5G network by 2023. (See Dell stock charts on TipRanks) The use of O-RAN will allow Dish to mix hardware and services from different vendors instead of relying on one vendor, such as Nokia (NOK).
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Dish Network (DISH) will leverage some of Dell Technologies' (DELL) parts as it moves to build its 5G network infrastructure in the U.S. Reuters reports that the cable giant will use Dell's computer servers, which will sit at the bottom of its 5G cell towers. Dish has turned to Dell as one of its technology partners as it seeks to cover 70% of the U.S population with its 5G network by 2023. (See Dell stock charts on TipRanks) The use of O-RAN will allow Dish to mix hardware and services from different vendors instead of relying on one vendor, such as Nokia (NOK).
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Dish Network (DISH) will leverage some of Dell Technologies' (DELL) parts as it moves to build its 5G network infrastructure in the U.S. Reuters reports that the cable giant will use Dell's computer servers, which will sit at the bottom of its 5G cell towers. (See Dell stock charts on TipRanks) The use of O-RAN will allow Dish to mix hardware and services from different vendors instead of relying on one vendor, such as Nokia (NOK). Dish has turned to Dell as one of its technology partners as it seeks to cover 70% of the U.S population with its 5G network by 2023.
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Dish Network (DISH) will leverage some of Dell Technologies' (DELL) parts as it moves to build its 5G network infrastructure in the U.S. Reuters reports that the cable giant will use Dell's computer servers, which will sit at the bottom of its 5G cell towers. Dish has turned to Dell as one of its technology partners as it seeks to cover 70% of the U.S population with its 5G network by 2023. (See Dell stock charts on TipRanks) The use of O-RAN will allow Dish to mix hardware and services from different vendors instead of relying on one vendor, such as Nokia (NOK).
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a9f01a2e-5ec3-4d41-a6ae-652847a180b6
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725972.0
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2021-06-17 00:00:00 UTC
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Dish Network taps Dell for 5G network infrastructure
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DELL
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https://www.nasdaq.com/articles/dish-network-taps-dell-for-5g-network-infrastructure-2021-06-17
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nan
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nan
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By Stephen Nellis
June 17 (Reuters) - Dish Network DISH.O will tap Dell Technologies Inc DELL.N for key parts of the new 5G network it is building in the United States, the companies said on Thursday.
Dish has committed to U.S. regulators to covering 70% of the country's population with its network by mid-2023 and will launch its first 5G service in Las Vegas, Nevada later this year.
Unlike existing carriers who are upgrading their networks for newer 5G speeds and capabilities, Dish is building its network from scratch.
To do so, it is leaning a technology called Open Radio Access Network (O-RAN) that uses software to run network functions on standardized computing hardware, rather than buying almost all the gear in the network from a telecommunications-specific from providers such as Nokia NOKIA.HE or Huawei Technologies Co Ltd HWT.UL.
The approach allows Dish to mix and match hardware and services from different vendors, and the company has previously announced deals with Fujitsu Ltd 6702.T for cell-tower gear and cloud computing services Amazon Web Services AMZN.O.
Under the deal, Dell will provide Dish with computer servers that will sit at the bottom of cell towers or nearby to crunch data when sending it all the way back to a central data center would cause too much delay, such as helping future cars communicate with city infrastructure.
"We can put the servers at the bottom of the tower, or we can centralize 10, 15 or 50 sites," Dish's Executive Vice President and Chief Network Officer Marc Rouanne said in an interview. "The beauty of this edge cloud is the software can be placed where we want it."
The deal gives Dell a flagship U.S. customer for the technology. Earlier this week Vodafone VOD.L said Dell will help it build Europe's first O-RAN 5G network.
“For us it begins with an infrastructure platform that’s open and industry standard," said Dennis Hoffman, head of Dell's telecoms systems business. “There’s a priority on the ability to scale globally and provide stability."
(Reporting by Stephen Nellis in San Francisco; Editing by Lincoln Feast.)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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“For us it begins with an infrastructure platform that’s open and industry standard," said Dennis Hoffman, head of Dell's telecoms systems business. By Stephen Nellis June 17 (Reuters) - Dish Network DISH.O will tap Dell Technologies Inc DELL.N for key parts of the new 5G network it is building in the United States, the companies said on Thursday. Under the deal, Dell will provide Dish with computer servers that will sit at the bottom of cell towers or nearby to crunch data when sending it all the way back to a central data center would cause too much delay, such as helping future cars communicate with city infrastructure.
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By Stephen Nellis June 17 (Reuters) - Dish Network DISH.O will tap Dell Technologies Inc DELL.N for key parts of the new 5G network it is building in the United States, the companies said on Thursday. Under the deal, Dell will provide Dish with computer servers that will sit at the bottom of cell towers or nearby to crunch data when sending it all the way back to a central data center would cause too much delay, such as helping future cars communicate with city infrastructure. The deal gives Dell a flagship U.S. customer for the technology.
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By Stephen Nellis June 17 (Reuters) - Dish Network DISH.O will tap Dell Technologies Inc DELL.N for key parts of the new 5G network it is building in the United States, the companies said on Thursday. Under the deal, Dell will provide Dish with computer servers that will sit at the bottom of cell towers or nearby to crunch data when sending it all the way back to a central data center would cause too much delay, such as helping future cars communicate with city infrastructure. The deal gives Dell a flagship U.S. customer for the technology.
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By Stephen Nellis June 17 (Reuters) - Dish Network DISH.O will tap Dell Technologies Inc DELL.N for key parts of the new 5G network it is building in the United States, the companies said on Thursday. Under the deal, Dell will provide Dish with computer servers that will sit at the bottom of cell towers or nearby to crunch data when sending it all the way back to a central data center would cause too much delay, such as helping future cars communicate with city infrastructure. The deal gives Dell a flagship U.S. customer for the technology.
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0c0ace2f-a875-4b27-9bed-b2e16b480a33
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725973.0
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2021-06-16 00:00:00 UTC
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Long Dell Stock, Short Apple: Is There More Upside To This Trade?
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DELL
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https://www.nasdaq.com/articles/long-dell-stock-short-apple%3A-is-there-more-upside-to-this-trade-2021-06-16
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nan
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nan
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Back in October 2020, we noted that computing and storage solutions major Dell Technologies (NYSE: DELL) stock was a better pick compared to consumer tech behemoth Apple (NASDAQ:AAPL). Now, eight months hence, the trade has played rather well, with Dell stock up by almost 50% since our recommendation, while Apple stock is up by just about 10%. The S&P 500 has gained about 22% over the same period. So, if you bought $10k of Dell Stock and shorted $10,000 in Apple stock (a net investment of $0) on October 9th when we published our analysis below, your account would be up by about $4,000. That’s a pretty decent return.
So what’s driven the two stocks in recent quarters? Dell has benefited from strong sales of its commercial and consumer PCs, as the remote work and learning trends continued to drive demand, helping the company significantly beat street estimates over the last three quarters. Over Q1 FY’22 (fiscal years end January), revenue rose by a solid 12% to a first-quarter record $24.5 billion. Separately, Dell announced plans to spin off its 81% stake in cloud computing and virtualization technology major VMware in a move that could unlock value for shareholders and help reduce Dell’s debt load. Now Apple’s recent financial performance has actually been even better than Dell’s, with sales rising by over 50% over Q2 FY’21 (fiscal years end September), driven by demand for its 5G iPhones and digital services. However, the stock is being weighed down by the broader rotation out of high multiple and safe-haven stocks to more cyclical and value names.
So, is there a further upside to this trade? We don’t think so. While Dell trades at just about 12x forward earnings, compared to Apple, which trades at a more expensive 24x forward earnings, Apple’s P/E multiple has contracted since last year, while Dell’s multiple has been expanding. Based on consensus figures, Apple’s growth outlook is also much stronger, with sales projected to grow by almost 30% this fiscal year, versus about 7% for Dell. Dell also operates in a highly competitive industry and most of its products are commoditized and low-margin (operating margins of about 5%). Apple on the other hand has much thicker margins (operating margins of over 25%) and its competitive position is also stronger, due to its device and software ecosystem.
See our dashboard analysis on Dell vs. Apple: Is Dell Stock Still A Bargain Compared To Apple?
[10/9/2021] Pick Dell Technologies Stock Over Apple
Dell Technologies (NYSE: DELL), a provider of computing products and storage solutions, trades at just about 0.6x trailing Revenues, compared to Apple (NASDAQ:AAPL) which trades at 7.5x trailing Revenue. Does this make sense? While Dell is one of the dominant players in the enterprise IT and cloud space, the company’s valuation is depressed considering its high debt, exposure to relatively commoditized and highly competitive markets, and a relatively complex corporate structure following years of deal-making that included a delisting, a large acquisition, and a re-listing. Apple, on the other hand, has seen its valuation soar in recent quarters, as investors see the stock as a safe haven of sorts through Covid-19, while anticipating a Revenue bump from the upcoming 5G iPhones. However, let’s step back to look at the fuller picture of the relative valuation of the two companies by looking at historical Revenue Growth, Returns (ability to generate profits from growth), and Risk (sustainability of profits).
See our dashboard analysis on Dell vs. Apple: Is Dell Stock A Bargain Compared To Apple? Parts of the analysis are summarized below.
1. Revenue Growth
Dell’s Revenues of about $92 billion in FY’20 are roughly one-third of Apple’s Revenues. Apple’s revenues over the last four quarters were $274 billion. That said, Dell’s growth has been higher than Apple’s over the last three years driven partly by the acquisitions of EMC (which closed in mid FY’17). Revenue expanding at an average rate of 14% per year (from $62.2 billion in FY’17 to $92 billion in FY’20), versus about 6% for Apple.
Dell’s growth was driven by the Infrastructure Solutions business, which sells storage solutions and servers. Revenues for the segment expanded from $22 billion in FY’17 to about $34 billion in FY’20, driven partly by acquisitions. The Client Solutions segment that sells computer hardware and peripherals grew from about $37 billion to around $46 billion over the same period. The publicly listed VMWare (NYSE:VMW) subsidiary – which sells cloud computing and virtualization software and services – has also driven sales to a certain extent.
Apple, on the other hand, has benefited from expanding revenues from digital services such as Apple Music and iCloud and wearable products such as AirPods and the Apple Watch, although sales of its flagship product, the iPhone, has remained lackluster. (Related: Apple Revenue: What’s Big & What’s Changed?)
2. Returns (Profits)
Coming to Returns, Dell’s Net Income Margins stand at about 6%, while Apple, with Net Income Margins exceeding 20%, is an icon of profitability. Apple’s profits are also likely more predictable, considering that its product and services ecosystem helps to lock in users. In comparison, Dell plays in more commoditized markets where competition is fierce. However, Apple’s returns have remained flat or declined, over the last few years, while Dell’s Return metrics have been improving. Further, it’s possible that the company could expand margins going forward, via higher software-related sales.
Dell’s Operating Cash Flow margins stood at about 10% in FY’2020, up from 4.2% in FY’2016. In contrast, the metric stood at 27% for Apple in 2019, down from around 31% in FY’16.
Dell’s Return on Invested Capital (ROIC) – which is Net Income divided by total Equity and Debt – was about 8% in FY’20, compared to Apple’s ROIC of about 21%.
3. Risk
While Apple is very well-capitalized with an incredible cash pile in excess of $190 billion, Dell’s metrics are less comforting considering its massive debt load of over $50 billion.
Specifically, Dell’s Debt to Equity – which is the ratio of total Long and Short-term Debt to Market Cap – stands at about 110% based on its current market cap and Q2 FY’21 debt. Apple, which has bolstered its debt in recent years taking advantage of low-interest rates, has a Debt to Equity ratio of just about 6%.
Apple had over $190 billion in cash at the end of its most recent quarter, with a Cash to Total Assets ratio of about 60%. In comparison, Dell’s cash position stood at about $12 billion in the most recent quarter, with a Cash to Total Assets ratio of about 10%.
However, we think that Dell is generating sufficient cash flows to pay its debt, with Free Cash Flow (Operating Cash Flow Less Capital Expenditure) standing at about $7 billion over the last fiscal year. Moreover, with a cash cushion of about $12 billion, the company should be able to comfortably meet its payments.
The Net Of It All
Overall, we think that Dell looks like a more attractive stock at current valuations, compared to Apple. Apple’s P/S has risen from 3.7x in 2017 to about 7.5x currently, while Dell’s has declined to 0.6x. Sure, Dell has significantly more leverage, and its business and corporate structure probably aren’t as straightforward for investors to understand, but valuations are looking attractive. Dell’s improving returns and moves to combine hardware sales with its cloud-centric software to drive growth are significant positives. Moreover, the company is mulling a spin-off of its roughly 81% ownership in VMWare in a move that could unlock significant value. VMWare has a market cap of over $60 billion, meaning that Dell’s stake is valued at $50 billion. That’s roughly in line with Dell’s current market cap, meaning that investors could essentially be getting the rest of the business for free.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio to beat the market, with over 100% return since 2016, versus less than 50% for the S&P 500. Comprising companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Team
The views and 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 has benefited from strong sales of its commercial and consumer PCs, as the remote work and learning trends continued to drive demand, helping the company significantly beat street estimates over the last three quarters. Now Apple’s recent financial performance has actually been even better than Dell’s, with sales rising by over 50% over Q2 FY’21 (fiscal years end September), driven by demand for its 5G iPhones and digital services. Back in October 2020, we noted that computing and storage solutions major Dell Technologies (NYSE: DELL) stock was a better pick compared to consumer tech behemoth Apple (NASDAQ:AAPL).
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Back in October 2020, we noted that computing and storage solutions major Dell Technologies (NYSE: DELL) stock was a better pick compared to consumer tech behemoth Apple (NASDAQ:AAPL). [10/9/2021] Pick Dell Technologies Stock Over Apple Dell Technologies (NYSE: DELL), a provider of computing products and storage solutions, trades at just about 0.6x trailing Revenues, compared to Apple (NASDAQ:AAPL) which trades at 7.5x trailing Revenue. However, we think that Dell is generating sufficient cash flows to pay its debt, with Free Cash Flow (Operating Cash Flow Less Capital Expenditure) standing at about $7 billion over the last fiscal year.
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While Dell trades at just about 12x forward earnings, compared to Apple, which trades at a more expensive 24x forward earnings, Apple’s P/E multiple has contracted since last year, while Dell’s multiple has been expanding. See our dashboard analysis on Dell vs. Apple: Is Dell Stock Still A Bargain Compared To Apple? [10/9/2021] Pick Dell Technologies Stock Over Apple Dell Technologies (NYSE: DELL), a provider of computing products and storage solutions, trades at just about 0.6x trailing Revenues, compared to Apple (NASDAQ:AAPL) which trades at 7.5x trailing Revenue.
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Revenue Growth Dell’s Revenues of about $92 billion in FY’20 are roughly one-third of Apple’s Revenues. However, Apple’s returns have remained flat or declined, over the last few years, while Dell’s Return metrics have been improving. Back in October 2020, we noted that computing and storage solutions major Dell Technologies (NYSE: DELL) stock was a better pick compared to consumer tech behemoth Apple (NASDAQ:AAPL).
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9a0669ca-bc07-4547-971a-7b60d90e0b68
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725974.0
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2021-06-14 00:00:00 UTC
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Vodafone joins forces with Dell, Samsung, others for Open-RAN development
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DELL
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https://www.nasdaq.com/articles/vodafone-joins-forces-with-dell-samsung-others-for-open-ran-development-2021-06-14
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nan
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nan
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LONDON, June 14 (Reuters) - Mobile and broadband operator Vodafone VOD.L has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday.
It said Dell Technologies DELL.N, NEC 6701.T Samsung 005930.KS, Wind River, Capgemini Engineering and Keysight Technologies KEYS.N would help it build one of the largest Open RAN networks in the world.
Vodafone said the partnerships would build on its new Open RAN lab in Newbury, southern England, and its planned digital skills hubs in Malaga, Spain, and Dresden, Germany.
Mobile operators and governments want to encourage the development of Open RAN technology to help more vendors enter a market dominated by Huawei, Ericsson ERICb.ST and Nokia NOKIA.HE.
(Reporting by James Davey; editing by Sarah Young)
((james.davey@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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It said Dell Technologies DELL.N, NEC 6701.T Samsung 005930.KS, Wind River, Capgemini Engineering and Keysight Technologies KEYS.N would help it build one of the largest Open RAN networks in the world. LONDON, June 14 (Reuters) - Mobile and broadband operator Vodafone VOD.L has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday. Vodafone said the partnerships would build on its new Open RAN lab in Newbury, southern England, and its planned digital skills hubs in Malaga, Spain, and Dresden, Germany.
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It said Dell Technologies DELL.N, NEC 6701.T Samsung 005930.KS, Wind River, Capgemini Engineering and Keysight Technologies KEYS.N would help it build one of the largest Open RAN networks in the world. LONDON, June 14 (Reuters) - Mobile and broadband operator Vodafone VOD.L has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday. Mobile operators and governments want to encourage the development of Open RAN technology to help more vendors enter a market dominated by Huawei, Ericsson ERICb.ST and Nokia NOKIA.HE.
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It said Dell Technologies DELL.N, NEC 6701.T Samsung 005930.KS, Wind River, Capgemini Engineering and Keysight Technologies KEYS.N would help it build one of the largest Open RAN networks in the world. LONDON, June 14 (Reuters) - Mobile and broadband operator Vodafone VOD.L has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday. (Reporting by James Davey; editing by Sarah Young) ((james.davey@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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It said Dell Technologies DELL.N, NEC 6701.T Samsung 005930.KS, Wind River, Capgemini Engineering and Keysight Technologies KEYS.N would help it build one of the largest Open RAN networks in the world. LONDON, June 14 (Reuters) - Mobile and broadband operator Vodafone VOD.L has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday. Vodafone said the partnerships would build on its new Open RAN lab in Newbury, southern England, and its planned digital skills hubs in Malaga, Spain, and Dresden, Germany.
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1a9d5477-43bf-4ddf-98b0-2738b0d79405
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725975.0
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2021-06-11 00:00:00 UTC
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Finding the Best Semiconductor Stocks Amidst the Chip Shortage
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DELL
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https://www.nasdaq.com/articles/finding-the-best-semiconductor-stocks-amidst-the-chip-shortage-2021-06-11
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The semiconductor chip shortage that’s been frustrating a wide swath of businesses around the globe — from automakers to household electronics manufacturers to video game makers — may soon diminish.
Source: Shutterstock
In fact, the world is likely in the deepest part of the shortage right now, according to industry analysts at The Goldman Sachs Group, Inc. (NYSE:GS), and we’ll likely see shortages ease toward the second half of the year.
Consulting firm Alix Partners estimates the worldwide auto industry could lose $110 billion in revenue this year because of the shortage, with the difficulties piling up highest during the second quarter, and then dropping off during the second half of the year.
Tesla, Inc. (NASDAQ:TSLA) recently scrapped a group of radar sensors and lumbar support from the Model 3 sedan and Model Y crossover for cars in North America as it deals with supply chain issues that include a lack of needed semiconductor chips.
Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) executives have also predicted the second quarter will be the low point for the shortage as well as several automakers that have been forced to close factories because of the chip shortage.
Tech companies as diverse as Dell Technologies, Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ) and Nintendo Co., Ltd. (OTCMKTS:NTDOY) have also reported production issues related to the shortage.
A post-pandemic economic surge helped lead to the shortage, which has mostly concerned chips that are made with decade-old technologies used for power management, display controllers, microprocessors and analog chips. Interestingly, newer technologies like 5G-enabled smartphones also rely on some of these older chips, and so an increase in production demand has strained manufacturers’ capacity.
As technology manufacturers around the world scramble to secure the supply they need, U.S. government officials have finally begun to take steps to address the country’s erosion of leadership in.
The Semiconductor Industry Association has noted that in 1990, U.S. producers accounted for 37% of the world’s semiconductor manufacturing capacity, while today that figure has dropped to 12%. Meanwhile, East Asia now has 75% of the world’s chip manufacturing capacity.
In January, lawmakers passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act as part of the annual defense bill. The bill authorizes the federal government to invest in domestic chip research and manufacturing, though it doesn’t budget any funds to do so.
A new bill passed in the Senate Tuesday, called the U.S. Innovation and Competition Act, allocates $52 billion to fund portions of the CHIPS for America Act.
Private companies are also allocating huge investments in building out production capacity.
Intel Corporation (NASDAQ:INTC), for example, announced in March it will spend $20 billion to build two semiconductor fabrication plants in Arizona. The company also has plans to put $3.5 billion to ramp up operations in New Mexico for advanced semiconductor packaging technologies.
If you’re interesting in playing the chip shortage, one stock worth a look is Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), which earns a “Strong Buy” rating in my Portfolio Grader, with a Total Grade of A and a Quantitative Grade of A, indicating strong institutional buying pressure under the stock.
In April, the world’s largest contract chipmaker said it would spend $100 billion to increase its manufacturing capacity over the next three years. The company also recently announced it is taking steps to boost its production capacity to better meet demand. The company announced it will invest $12 billion to construct a semiconductor factory in Arizona. The facility is expected to be operational in 2024 and will produce 5-nanometer chips.
TSM management also noted that its 3-nanometer production facility is set to begin operations in Tainan, Taiwan in the second half of 2022.
In its first-quarter announcements, TSM noted that the global shortage could ease a bit in the third quarter, but TSM expects overall demand to remain high and the shortage to persist into 2022. As a result, TSM boosted its spending targets to $30 billion to expand manufacturing capacity and upgrades for this year.
The strong demand for semiconductors certainly lifted the company’s top and bottom lines during the first quarter of fiscal year 2021. TSM achieved first-quarter earnings of NT$139.7 billion and revenue of NT$362.4 billion, which represents 19% year-over-year earnings growth and 17% year-over-year revenue growth.
In U.S. dollar terms, first-quarter earnings were $4.93 billion, and revenue was $12.92 billion. First-quarter earnings per ADR jumped 28% year-over-year to $0.96. The consensus estimate called for earnings of $0.95 per ADR and revenue of $12.86 billion, so TSM posted a 1.05% earnings surprise and a slight revenue surprise.
Looking ahead to the second quarter, TSM expects total revenue between $12.9 billion and $13.2 billion. That represents 24.3% to 27.2% year-over-year revenue growth — and the forecast is in line with analysts’ current estimates for $13.15 billion.
The stock has soared over the past year, rising 106%. That’s close to double the industry benchmark, the iShares PHLX Semiconductor ETF (NASDAQ:SOXX), which has climbed 59% over the same timeframe.
I recommended the stock to my Growth Investor subscribers back in November 2020, and the stock is currently among my Top 5 recommendations on the Growth Investor Buy List.
That’s not the only semiconductor company I like right now. In fact, there are several others on my Growth Investor Buy Lists that are perfectly positioned to benefit from the recent chip shortage. It’s also filled with fundamentally superior stocks.
in several of the most explosive sectors of the economy, like internet technology, semiconductors, artificial intelligence (AI) and healthcare. So, my Growth Investor Buy List represents the crème de la crème of growth stocks with strong sales and earnings.
If you’re interested in my Growth Investor service, now is the perfect time to join. I recently released my Growth Investor June Monthly Issue with five new buys, my latest Top 5 Stocks list, as well as my outlook for the market this summer.
There will be a lot to talk about, so click here now to get started!
Sincerely,
Louis Navellier
Note: The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owned the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Taiwan Semiconductor Manufacturing Co. (TSM)
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 Finding the Best Semiconductor Stocks Amidst the Chip Shortage 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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Tech companies as diverse as Dell Technologies, Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ) and Nintendo Co., Ltd. (OTCMKTS:NTDOY) have also reported production issues related to the shortage. As technology manufacturers around the world scramble to secure the supply they need, U.S. government officials have finally begun to take steps to address the country’s erosion of leadership in. I recently released my Growth Investor June Monthly Issue with five new buys, my latest Top 5 Stocks list, as well as my outlook for the market this summer.
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Tech companies as diverse as Dell Technologies, Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ) and Nintendo Co., Ltd. (OTCMKTS:NTDOY) have also reported production issues related to the shortage. TSM achieved first-quarter earnings of NT$139.7 billion and revenue of NT$362.4 billion, which represents 19% year-over-year earnings growth and 17% year-over-year revenue growth. The consensus estimate called for earnings of $0.95 per ADR and revenue of $12.86 billion, so TSM posted a 1.05% earnings surprise and a slight revenue surprise.
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Tech companies as diverse as Dell Technologies, Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ) and Nintendo Co., Ltd. (OTCMKTS:NTDOY) have also reported production issues related to the shortage. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The semiconductor chip shortage that’s been frustrating a wide swath of businesses around the globe — from automakers to household electronics manufacturers to video game makers — may soon diminish. If you’re interesting in playing the chip shortage, one stock worth a look is Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), which earns a “Strong Buy” rating in my Portfolio Grader, with a Total Grade of A and a Quantitative Grade of A, indicating strong institutional buying pressure under the stock.
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Tech companies as diverse as Dell Technologies, Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ) and Nintendo Co., Ltd. (OTCMKTS:NTDOY) have also reported production issues related to the shortage. Meanwhile, East Asia now has 75% of the world’s chip manufacturing capacity. Looking ahead to the second quarter, TSM expects total revenue between $12.9 billion and $13.2 billion.
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ab64e20a-e28a-47ff-8575-dfe62e7770a8
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725976.0
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2021-06-11 00:00:00 UTC
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Notable Friday Option Activity: CAR, DELL, GMS
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DELL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-car-dell-gms-2021-06-11
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Avis Budget Group Inc (Symbol: CAR), where a total of 10,518 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 100.3% of CAR's average daily trading volume over the past month of 1.0 million shares. Especially high volume was seen for the $85 strike put option expiring August 20, 2021, with 3,666 contracts trading so far today, representing approximately 366,600 underlying shares of CAR. Below is a chart showing CAR's trailing twelve month trading history, with the $85 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,787 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 99.4% of DELL's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $110 strike call option expiring July 16, 2021, with 7,746 contracts trading so far today, representing approximately 774,600 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $110 strike highlighted in orange:
And GMS Inc (Symbol: GMS) saw options trading volume of 2,104 contracts, representing approximately 210,400 underlying shares or approximately 98.9% of GMS's average daily trading volume over the past month, of 212,710 shares. Particularly high volume was seen for the $65 strike call option expiring October 15, 2021, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of GMS. Below is a chart showing GMS's trailing twelve month trading history, with the $65 strike highlighted in orange:
For the various different available expirations for CAR options, DELL options, or GMS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $110 strike call option expiring July 16, 2021, with 7,746 contracts trading so far today, representing approximately 774,600 underlying shares of DELL. Below is a chart showing CAR's trailing twelve month trading history, with the $85 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,787 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 99.4% of DELL's average daily trading volume over the past month, of 1.9 million shares.
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Below is a chart showing CAR's trailing twelve month trading history, with the $85 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,787 contracts thus far today. Below is a chart showing DELL's trailing twelve month trading history, with the $110 strike highlighted in orange: And GMS Inc (Symbol: GMS) saw options trading volume of 2,104 contracts, representing approximately 210,400 underlying shares or approximately 98.9% of GMS's average daily trading volume over the past month, of 212,710 shares. Below is a chart showing GMS's trailing twelve month trading history, with the $65 strike highlighted in orange: For the various different available expirations for CAR options, DELL options, or GMS options, visit StockOptionsChannel.com.
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Below is a chart showing DELL's trailing twelve month trading history, with the $110 strike highlighted in orange: And GMS Inc (Symbol: GMS) saw options trading volume of 2,104 contracts, representing approximately 210,400 underlying shares or approximately 98.9% of GMS's average daily trading volume over the past month, of 212,710 shares. Below is a chart showing GMS's trailing twelve month trading history, with the $65 strike highlighted in orange: For the various different available expirations for CAR options, DELL options, or GMS options, visit StockOptionsChannel.com. Below is a chart showing CAR's trailing twelve month trading history, with the $85 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,787 contracts thus far today.
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That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 99.4% of DELL's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $110 strike highlighted in orange: And GMS Inc (Symbol: GMS) saw options trading volume of 2,104 contracts, representing approximately 210,400 underlying shares or approximately 98.9% of GMS's average daily trading volume over the past month, of 212,710 shares. Below is a chart showing CAR's trailing twelve month trading history, with the $85 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,787 contracts thus far today.
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7ebb26c3-efdc-4e11-a082-ed6af04480bc
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725977.0
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2021-06-05 00:00:00 UTC
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Dell Technologies Inc.'s (NYSE:DELL) Business Is Trailing The Market But Its Shares Aren't
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.s-nyse%3Adell-business-is-trailing-the-market-but-its-shares-arent
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nan
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nan
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With a median price-to-earnings (or "P/E") ratio of close to 20x in the United States, you could be forgiven for feeling indifferent about Dell Technologies Inc.'s (NYSE:DELL) P/E ratio of 19.4x. Although, it's not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
While the market has experienced earnings growth lately, Dell Technologies' earnings have gone into reverse gear, which is not great. One possibility is that the P/E is moderate because investors think this poor earnings performance will turn around. You'd really hope so, otherwise you're paying a relatively elevated price for a company with this sort of growth profile.
NYSE:DELL Price Based on Past Earnings June 5th 2021
Keen to find out how analysts think Dell Technologies' future stacks up against the industry? In that case, our free report is a great place to start.
Does Growth Match The P/E?
Dell Technologies' P/E ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the market.
Retrospectively, the last year delivered a frustrating 13% decrease to the company's bottom line. At least EPS has managed not to go completely backwards from three years ago in aggregate, thanks to the earlier period of growth. Therefore, it's fair to say that earnings growth has been inconsistent recently for the company.
Turning to the outlook, the next three years should bring diminished returns, with earnings decreasing 3.1% per annum as estimated by the analysts watching the company. That's not great when the rest of the market is expected to grow by 14% each year.
In light of this, it's somewhat alarming that Dell Technologies' P/E sits in line with the majority of other companies. Apparently many investors in the company reject the analyst cohort's pessimism and aren't willing to let go of their stock right now. Only the boldest would assume these prices are sustainable as these declining earnings are likely to weigh on the share price eventually.
What We Can Learn From Dell Technologies' P/E?
We'd say the price-to-earnings ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
Our examination of Dell Technologies' analyst forecasts revealed that its outlook for shrinking earnings isn't impacting its P/E as much as we would have predicted. When we see a poor outlook with earnings heading backwards, we suspect share price is at risk of declining, sending the moderate P/E lower. This places shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.
Plus, you should also learn about these 3 warning signs we've spotted with Dell Technologies (including 1 which is concerning).
You might be able to find a better investment than Dell Technologies. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies' P/E ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the market. With a median price-to-earnings (or "P/E") ratio of close to 20x in the United States, you could be forgiven for feeling indifferent about Dell Technologies Inc.'s (NYSE:DELL) P/E ratio of 19.4x. While the market has experienced earnings growth lately, Dell Technologies' earnings have gone into reverse gear, which is not great.
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With a median price-to-earnings (or "P/E") ratio of close to 20x in the United States, you could be forgiven for feeling indifferent about Dell Technologies Inc.'s (NYSE:DELL) P/E ratio of 19.4x. NYSE:DELL Price Based on Past Earnings June 5th 2021 Keen to find out how analysts think Dell Technologies' future stacks up against the industry? While the market has experienced earnings growth lately, Dell Technologies' earnings have gone into reverse gear, which is not great.
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While the market has experienced earnings growth lately, Dell Technologies' earnings have gone into reverse gear, which is not great. NYSE:DELL Price Based on Past Earnings June 5th 2021 Keen to find out how analysts think Dell Technologies' future stacks up against the industry? Dell Technologies' P/E ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the market.
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While the market has experienced earnings growth lately, Dell Technologies' earnings have gone into reverse gear, which is not great. Dell Technologies' P/E ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the market. You might be able to find a better investment than Dell Technologies.
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6079ce49-836c-49d4-bdaf-b3c04fc4477b
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725978.0
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2021-05-28 00:00:00 UTC
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Wall Street advances, unshaken by inflation surge
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DELL
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https://www.nasdaq.com/articles/wall-street-advances-unshaken-by-inflation-surge-2021-05-28
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nan
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nan
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By Medha Singh and Shashank Nayar
May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.
Consumer prices as measured by the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, rose 0.7% in April after a 0.4% increase in March. Economists polled by Reuters had expected a 0.6% gain.
In the 12 months through April, the so-called core PCE price index vaulted 3.1%, blowing past the Federal Reserve's 2% target and reflecting pent-up demand as the economy reopens.
"The market is less concerned about the inflation numbers and more interested in the fact that the reopening of the economy would lead to better corporate performance," said Rick Meckler, partner at Cherry Lane Investments in New Jersey.
"Recent commentary from the Fed has helped calm inflationary fears."
Technology .SPLRCT stocks provided the biggest boost to the S&P 500, with Salesforce.com Inc CRM.N adding 6% after raising its full-year forecast for revenue and profit, helped by increased demand for its cloud-based software during the pandemic.
With the S&P 500 now hovering less than 1% below its record high hit earlier this month, many big banks have warned of a pause in a year-long Wall Street rally that has been led mainly by heavyweight technology stocks including Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
Investors are also hedging against market volatility as summer approaches. Strategists expect the S&P 500 to end the year at 4,300 points, according to a Reuters poll, about 100 points above its closing price on Thursday.
The U.S. stock market will remain shut on Monday for Memorial Day holiday.
At 12:08 p.m. ET, the Dow Jones Industrial Average .DJI rose 125.69 points, or 0.36%, to 34,590.33, the S&P 500 .SPX gained 16.56 points, or 0.39%, to 4,217.44 and the Nasdaq Composite .IXIC gained 78.95 points, or 0.57%, to 13,815.23.
The White House on Friday will present President Joe Biden's budget for trillions of dollars in spending on infrastructure, education and other initiatives, but the plan is unlikely to sway Republicans who want to tamp down U.S. government spending.
Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 1.7% and 8%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year.
Boeing Co BA.N fell 1.8% after reports said it halted deliveries of its 787 Dreamliners, adding fresh delays for customers following a recent five-month delivery suspension due to production problems.
Advancing issues outnumbered decliners by a 1.4-to-1 ratio on the NYSE and by a 1.2-to-1 ratio on the Nasdaq.
The S&P 500 posted 22 new 52-week highs and one new low, while the Nasdaq recorded 134 new highs and 26 new lows.
(Reporting by Medha Singh in Bengaluru; Editing by Subhranshu Sahu and Maju Samuel)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and 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 and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 1.7% and 8%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. By Medha Singh and Shashank Nayar May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February. With the S&P 500 now hovering less than 1% below its record high hit earlier this month, many big banks have warned of a pause in a year-long Wall Street rally that has been led mainly by heavyweight technology stocks including Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
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Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 1.7% and 8%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. By Medha Singh and Shashank Nayar May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February. In the 12 months through April, the so-called core PCE price index vaulted 3.1%, blowing past the Federal Reserve's 2% target and reflecting pent-up demand as the economy reopens.
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Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 1.7% and 8%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. By Medha Singh and Shashank Nayar May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February. ET, the Dow Jones Industrial Average .DJI rose 125.69 points, or 0.36%, to 34,590.33, the S&P 500 .SPX gained 16.56 points, or 0.39%, to 4,217.44 and the Nasdaq Composite .IXIC gained 78.95 points, or 0.57%, to 13,815.23.
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Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 1.7% and 8%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. Economists polled by Reuters had expected a 0.6% gain. With the S&P 500 now hovering less than 1% below its record high hit earlier this month, many big banks have warned of a pause in a year-long Wall Street rally that has been led mainly by heavyweight technology stocks including Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
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9afb437f-8436-4c7c-a4e1-16f682817cc8
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725979.0
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2021-05-28 00:00:00 UTC
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Notable Friday Option Activity: SPCE, DELL, MSTR
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DELL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-spce-dell-mstr-2021-05-28
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Virgin Galactic Holdings Inc (Symbol: SPCE), where a total of 347,460 contracts have traded so far, representing approximately 34.7 million underlying shares. That amounts to about 115.2% of SPCE's average daily trading volume over the past month of 30.2 million shares. Particularly high volume was seen for the $35 strike call option expiring May 28, 2021, with 17,883 contracts trading so far today, representing approximately 1.8 million underlying shares of SPCE. Below is a chart showing SPCE's trailing twelve month trading history, with the $35 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,273 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 99.7% of DELL's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $105 strike call option expiring June 18, 2021, with 3,133 contracts trading so far today, representing approximately 313,300 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $105 strike highlighted in orange:
And MicroStrategy Inc. (Symbol: MSTR) options are showing a volume of 6,409 contracts thus far today. That number of contracts represents approximately 640,900 underlying shares, working out to a sizeable 98.9% of MSTR's average daily trading volume over the past month, of 647,935 shares. Especially high volume was seen for the $400 strike put option expiring July 16, 2021, with 293 contracts trading so far today, representing approximately 29,300 underlying shares of MSTR. Below is a chart showing MSTR's trailing twelve month trading history, with the $400 strike highlighted in orange:
For the various different available expirations for SPCE options, DELL options, or MSTR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $105 strike call option expiring June 18, 2021, with 3,133 contracts trading so far today, representing approximately 313,300 underlying shares of DELL. Below is a chart showing SPCE's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,273 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 99.7% of DELL's average daily trading volume over the past month, of 1.8 million shares.
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Below is a chart showing SPCE's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,273 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 99.7% of DELL's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $105 strike highlighted in orange: And MicroStrategy Inc. (Symbol: MSTR) options are showing a volume of 6,409 contracts thus far today.
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Below is a chart showing SPCE's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,273 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 99.7% of DELL's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $105 strike call option expiring June 18, 2021, with 3,133 contracts trading so far today, representing approximately 313,300 underlying shares of DELL.
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Particularly high volume was seen for the $105 strike call option expiring June 18, 2021, with 3,133 contracts trading so far today, representing approximately 313,300 underlying shares of DELL. Below is a chart showing MSTR's trailing twelve month trading history, with the $400 strike highlighted in orange: For the various different available expirations for SPCE options, DELL options, or MSTR options, visit StockOptionsChannel.com. Below is a chart showing SPCE's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 18,273 contracts thus far today.
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7357705d-7392-426b-8a69-afe5543bcb89
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725980.0
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2021-05-28 00:00:00 UTC
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Dell Delivers Blowout Q1 Results, Beat Expectations
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DELL
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https://www.nasdaq.com/articles/dell-delivers-blowout-q1-results-beat-expectations-2021-05-28
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nan
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nan
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Multinational Information Technology company Dell Technologies, Inc. (DELL) delivered blowout first-quarter results and beat expectations driven by strong performance across all business segments.
Earnings grew 59% to $2.13 per share in Q1, surpassing the Street’s estimates of $1.61 per share.
Revenue for the quarter came in at $24.48 billion, up 12% from the year-ago period, and beat the consensus estimate of $23.4 billion. (See Dell Technologies stock analysis on TipRanks)
Client Solutions Group (CSG) revenue grew 20% year-over-year, including an increase of 14% in commercial revenue and 42% in consumer revenue. Under the CSG segment, XPS notebook orders increased 21% and Alienware notebooks orders grew 76%.
Infrastructure Solutions Group (ISG) revenue grew 5% year-over-year, including a 9% increase in Servers and networking, while storage growth remained flat.
VMware generated $3 billion in revenue, up 9% from the year-ago period.
Jeff Clarke, Dell's COO, and vice-chairman said, “Looking ahead, we see technology becoming increasingly central to the global economy and society. We're excited for the opportunities ahead and for the data-fueled future we're creating.”
Following the Q1 results, Raymond James analyst Simon Leopold lifted the price target on the stock from $113 to $118 implying 22% upside potential to current levels.
Leopold said, “PCs were the biggest source of upside and is the primary unit affected by supply constraints. Server sales were also strong with offsets from Storage. We expect annual sales to grow at least mid-single digits helped by the macro recovery.”
The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 8 Buys and 3 Holds. The average analyst price target of $112 implies 16% upside potential to current levels. Shares have gained 37.5% year-to-date.
Dell scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
Related News:
Costco Q3 Earnings Beat Expectations; Street Says Buy
Burlington Stores Reports Blowout First-Quarter Results; Shares Dip
Anaplan Posts Larger-than-Expected Q1 Loss; Shares Plunge 13%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Multinational Information Technology company Dell Technologies, Inc. (DELL) delivered blowout first-quarter results and beat expectations driven by strong performance across all business segments. (See Dell Technologies stock analysis on TipRanks) Client Solutions Group (CSG) revenue grew 20% year-over-year, including an increase of 14% in commercial revenue and 42% in consumer revenue. Jeff Clarke, Dell's COO, and vice-chairman said, “Looking ahead, we see technology becoming increasingly central to the global economy and society.
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Multinational Information Technology company Dell Technologies, Inc. (DELL) delivered blowout first-quarter results and beat expectations driven by strong performance across all business segments. (See Dell Technologies stock analysis on TipRanks) Client Solutions Group (CSG) revenue grew 20% year-over-year, including an increase of 14% in commercial revenue and 42% in consumer revenue. Jeff Clarke, Dell's COO, and vice-chairman said, “Looking ahead, we see technology becoming increasingly central to the global economy and society.
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Multinational Information Technology company Dell Technologies, Inc. (DELL) delivered blowout first-quarter results and beat expectations driven by strong performance across all business segments. (See Dell Technologies stock analysis on TipRanks) Client Solutions Group (CSG) revenue grew 20% year-over-year, including an increase of 14% in commercial revenue and 42% in consumer revenue. Jeff Clarke, Dell's COO, and vice-chairman said, “Looking ahead, we see technology becoming increasingly central to the global economy and society.
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Multinational Information Technology company Dell Technologies, Inc. (DELL) delivered blowout first-quarter results and beat expectations driven by strong performance across all business segments. (See Dell Technologies stock analysis on TipRanks) Client Solutions Group (CSG) revenue grew 20% year-over-year, including an increase of 14% in commercial revenue and 42% in consumer revenue. Jeff Clarke, Dell's COO, and vice-chairman said, “Looking ahead, we see technology becoming increasingly central to the global economy and society.
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542ed14d-d05c-410f-a03a-4c6d975878a2
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725981.0
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2021-05-28 00:00:00 UTC
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US STOCKS-Wall Street advances, unshaken by inflation surge
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-advances-unshaken-by-inflation-surge-2021-05-28
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nan
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nan
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By Medha Singh and Shashank Nayar
May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.
Consumer prices as measured by the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, rose 0.7% in April after a 0.4% increase in March. Economists polled by Reuters had expected a 0.6% gain.
In the 12 months through April, the so-called core PCE price index vaulted 3.1%, blowing past the Federal Reserve's 2% target and reflecting pent-up demand as the economy reopens.
"This market is basically fearless right now," said Dennis Dick, a trader at Bright Trading LLC in Las Vegas.
"There were inflation jitters, most of which the market has shrugged off as there is a fear of missing out among investors as we scale record highs and we are seeing some money get back into tech stocks over the past two weeks."
Technology .SPLRCT stocks provided the biggest boost to the S&P 500, with Salesforce.com Inc CRM.N adding 7% after raising its full-year forecast for revenue and profit, helped by increased demand for its cloud-based software during the pandemic.
With the S&P 500 now hovering about 1% below its record high hit earlier this month, many big banks have warned of a pause in a year-long Wall Street rally that has been led mainly by heavyweight technology stocks including Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
Investors are also hedging against market volatility as summer approaches. Strategists expect the S&P 500 to end the year at 4,300 points, according to a Reuters poll, about 100 points above its closing price on Thursday.
Safe-haven assets such as cash and gold funds drew investors during the week to Wednesday, Bank of America's fund flow statistics showed.
At 9:58 a.m. ET, the Dow Jones Industrial Average .DJI was up 140.57 points, or 0.41%, at 34,605.21 and the S&P 500 .SPX was up 13.73 points, or 0.33%, at 4,214.61. The Nasdaq Composite .IXIC was up 67.70 points, or 0.49%, at 13,803.97.
The White House on Friday will present President Joe Biden's budget for trillions of dollars in spending on infrastructure, education and other initiatives, but the plan is unlikely to sway Republicans who want to tamp down U.S. government spending.
Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 3.0% and 7.4%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year.
Boeing Co BA.N fell 1.1% after reports said it halted deliveries of its 787 Dreamliners, adding fresh delays for customers following a recent five-month delivery suspension due to production problems.
AMC Entertainment AMC.N jumped 24.4%, leading gains among the so-called "meme" stocks on the back of a social media-led hype that helped double the value of AMC's stock this week.
The U.S. stock market will remain shut on Monday for Memorial Day holiday.
Advancing issues outnumbered decliners by a 1.63-to-1 ratio on the NYSE and by a 1.96-to-1 ratio on the Nasdaq.
The S&P index recorded 13 new 52-week highs and one new low, while the Nasdaq recorded 62 new highs and six new lows.
(Reporting by Medha Singh in Bengaluru; Editing by Subhranshu Sahu and Maju Samuel)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and 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 and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 3.0% and 7.4%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. By Medha Singh and Shashank Nayar May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February. With the S&P 500 now hovering about 1% below its record high hit earlier this month, many big banks have warned of a pause in a year-long Wall Street rally that has been led mainly by heavyweight technology stocks including Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
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Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 3.0% and 7.4%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. By Medha Singh and Shashank Nayar May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February. In the 12 months through April, the so-called core PCE price index vaulted 3.1%, blowing past the Federal Reserve's 2% target and reflecting pent-up demand as the economy reopens.
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Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 3.0% and 7.4%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. By Medha Singh and Shashank Nayar May 28 (Reuters) - Wall Street's major averages rose on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February. "There were inflation jitters, most of which the market has shrugged off as there is a fear of missing out among investors as we scale record highs and we are seeing some money get back into tech stocks over the past two weeks."
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Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates but their shares fell 3.0% and 7.4%, respectively after they warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. "There were inflation jitters, most of which the market has shrugged off as there is a fear of missing out among investors as we scale record highs and we are seeing some money get back into tech stocks over the past two weeks." Strategists expect the S&P 500 to end the year at 4,300 points, according to a Reuters poll, about 100 points above its closing price on Thursday.
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5552c791-c0a7-4ae6-9c92-22962b097519
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725982.0
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2021-05-27 00:00:00 UTC
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Dell, HP say chip shortages will hit PC supplies this year
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DELL
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https://www.nasdaq.com/articles/dell-hp-say-chip-shortages-will-hit-pc-supplies-this-year-2021-05-27-0
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nan
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nan
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Repeats to widen distribution, no changes to text
May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
"The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in postearnings call adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis.
HP Inc HPQ.N, which ranks second among global PC vendors according to IDC data, said the shortages would limit its ability to supply personal computing devices and printers at least until the end of the year.
Still, the companies, which are leaders in the personal computing industry, said they were bullish on the overall market, expecting the surge in demand for laptops needed by people working and going to school remotely to continue.
Global shipments of PCs, the industry's collective term for laptops and desktops, grew 55.2% during the first quarter, according to preliminary data from research firm IDC.
Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter.
HP's PC-related sales rose 27% in the quarter ended April 30, while notebook sales surged 47% from the same period a year earlier.
Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data, while HP posted overall revenue of $15.9 billion above the $15 billion estimate.
(Reporting by Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel)
((Nilanjana.Basu@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Repeats to widen distribution, no changes to text May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in postearnings call adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis. However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
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Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data, while HP posted overall revenue of $15.9 billion above the $15 billion estimate. Repeats to widen distribution, no changes to text May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
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Repeats to widen distribution, no changes to text May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in postearnings call adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis. Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data, while HP posted overall revenue of $15.9 billion above the $15 billion estimate.
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However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year. Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter. Repeats to widen distribution, no changes to text May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
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5fcbf70f-57dc-4660-9cb8-5fea5aa680f3
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725983.0
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2021-05-27 00:00:00 UTC
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Dell, HP say chip shortages will hit PC supplies this year
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DELL
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https://www.nasdaq.com/articles/dell-hp-say-chip-shortages-will-hit-pc-supplies-this-year-2021-05-27
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nan
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nan
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Adds details from HP Inc results, details from conference call
May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
"The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in postearnings call adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis.
HP Inc HPQ.N, which ranks second among global PC vendors according to IDC data, said the shortages would limit its ability to supply personal computing devices and printers at least until the end of the year.
Still, the companies, which are leaders in the personal computing industry, said they were bullish on the overall market, expecting the surge in demand for laptops needed by people working and going to school remotely to continue.
Global shipments of PCs, the industry's collective term for laptops and desktops, grew 55.2% during the first quarter, according to preliminary data from research firm IDC.
Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter.
HP's PC-related sales rose 27% in the quarter ended April 30, while notebook sales surged 47% from the same period a year earlier.
Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data, while HP posted overall revenue of $15.9 billion above the $15 billion estimate.
(Reporting by Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel)
((Nilanjana.Basu@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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However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in postearnings call adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis. Adds details from HP Inc results, details from conference call May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
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Adds details from HP Inc results, details from conference call May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data, while HP posted overall revenue of $15.9 billion above the $15 billion estimate. However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
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Adds details from HP Inc results, details from conference call May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in postearnings call adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis. Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data, while HP posted overall revenue of $15.9 billion above the $15 billion estimate.
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However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year. Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter. Adds details from HP Inc results, details from conference call May 27 (Reuters) - Dell Technologies Inc DELL.N and HP Inc HPQ.N reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
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4c4fc159-eb8d-4df5-89ad-25313271dcf5
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725984.0
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2021-05-27 00:00:00 UTC
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Dell Q1 Profit, Revenues Beat Street View On Strong Demand For WFH Products
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DELL
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https://www.nasdaq.com/articles/dell-q1-profit-revenues-beat-street-view-on-strong-demand-for-wfh-products-2021-05-27
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) Thursday reported a surge in profit for the first quarter as revenues jumped 12%, driven largely by continued strong demand for "Work From Home" products like desktops and notebooks. Both earnings and revenues for the quarter trounced Wall Street analysts' estimates.
Round Rock, Texas-based Dell's first-quarter profit surged to $938 million or $1.13 per share, up from $182 million or $0.19 per share last year.
Adjusted earnings were $1.82 billion or $2.13 per share for the period, up from $1.14 billion or $1.34 per share last year. Analysts polled by Thomson Reuters estimated earnings of $1.61 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 12% to $24.49 billion from $21.90 billion last year. Analysts had a consensus revenue estimate of $23.40 billion.
The company said its revenues were driven by growth across Infrastructure Solutions, Client Solutions and VMware business units. Client Solutions Group revenues grew to 20% to a record $13.3 billion, with consumer online business orders up 58. Infrastructure Solutions Group revenue rose 5% to $7.9 billion, driven by demand for cloud solutions. VMware revenue was $3.0 billion for the first quarter, up 9% driven by broad-based strength across a diverse product portfolio.
"There has been a substantial acceleration in digital transformation across the globe and you can see it in our results with record first quarter revenue of $24.5 billion. Now more than ever, customers are turning to Dell Technologies to help build their digital future," said Jeff Clarke, chief operating officer and vice chairman, Dell Technologies.
DELL closed Thursday's trading at $99.70, up $0.04 or 0.04%, on the Nasdaq. The stock further gained $1.30 or 1.30% 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 (DELL) Thursday reported a surge in profit for the first quarter as revenues jumped 12%, driven largely by continued strong demand for "Work From Home" products like desktops and notebooks. Round Rock, Texas-based Dell's first-quarter profit surged to $938 million or $1.13 per share, up from $182 million or $0.19 per share last year. Now more than ever, customers are turning to Dell Technologies to help build their digital future," said Jeff Clarke, chief operating officer and vice chairman, Dell Technologies.
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(RTTNews) - Dell Technologies (DELL) Thursday reported a surge in profit for the first quarter as revenues jumped 12%, driven largely by continued strong demand for "Work From Home" products like desktops and notebooks. Round Rock, Texas-based Dell's first-quarter profit surged to $938 million or $1.13 per share, up from $182 million or $0.19 per share last year. Now more than ever, customers are turning to Dell Technologies to help build their digital future," said Jeff Clarke, chief operating officer and vice chairman, Dell Technologies.
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(RTTNews) - Dell Technologies (DELL) Thursday reported a surge in profit for the first quarter as revenues jumped 12%, driven largely by continued strong demand for "Work From Home" products like desktops and notebooks. Round Rock, Texas-based Dell's first-quarter profit surged to $938 million or $1.13 per share, up from $182 million or $0.19 per share last year. Now more than ever, customers are turning to Dell Technologies to help build their digital future," said Jeff Clarke, chief operating officer and vice chairman, Dell Technologies.
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(RTTNews) - Dell Technologies (DELL) Thursday reported a surge in profit for the first quarter as revenues jumped 12%, driven largely by continued strong demand for "Work From Home" products like desktops and notebooks. DELL closed Thursday's trading at $99.70, up $0.04 or 0.04%, on the Nasdaq. Round Rock, Texas-based Dell's first-quarter profit surged to $938 million or $1.13 per share, up from $182 million or $0.19 per share last year.
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f4376a23-f484-46d0-b9c9-8579373f8e71
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725985.0
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2021-05-27 00:00:00 UTC
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Dell Inc. Q1 adjusted earnings Beat Estimates
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DELL
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https://www.nasdaq.com/articles/dell-inc.-q1-adjusted-earnings-beat-estimates-2021-05-27
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) announced earnings for its first quarter that increased from last year.
The company's profit totaled $938 million, or $1.13 per share. This compares with $182 million, or $0.19 per share, in last year's first quarter.
Excluding items, Dell Inc. reported adjusted earnings of $1.82 billion or $2.13 per share for the period.
Analysts had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.8% to $24.49 billion from $21.90 billion last year.
Dell Inc. earnings at a glance:
-Earnings (Q1): $1.82 Bln. vs. $1.14 Bln. last year. -EPS (Q1): $2.13 vs. $1.34 last year. -Analysts Estimate: $1.61 -Revenue (Q1): $24.49 Bln vs. $21.90 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Excluding items, Dell Inc. reported adjusted earnings of $1.82 billion or $2.13 per share for the period. (RTTNews) - Dell Inc. (DELL) announced earnings for its first quarter that increased from last year. Dell Inc. earnings at a glance: -Earnings (Q1): $1.82 Bln.
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Excluding items, Dell Inc. reported adjusted earnings of $1.82 billion or $2.13 per share for the period. (RTTNews) - Dell Inc. (DELL) announced earnings for its first quarter that increased from last year. Dell Inc. earnings at a glance: -Earnings (Q1): $1.82 Bln.
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(RTTNews) - Dell Inc. (DELL) announced earnings for its first quarter that increased from last year. Excluding items, Dell Inc. reported adjusted earnings of $1.82 billion or $2.13 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q1): $1.82 Bln.
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(RTTNews) - Dell Inc. (DELL) announced earnings for its first quarter that increased from last year. Excluding items, Dell Inc. reported adjusted earnings of $1.82 billion or $2.13 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q1): $1.82 Bln.
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f5ee7b9c-3309-48b2-831c-cd1f7c30c50c
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725986.0
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2021-05-27 00:00:00 UTC
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Dell beats revenue estimates on strong demand for remote working products
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DELL
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https://www.nasdaq.com/articles/dell-beats-revenue-estimates-on-strong-demand-for-remote-working-products-2021-05-27
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nan
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nan
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May 27 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for quarterly revenue on Thursday as demand for its notebooks and software products was fueled by a pandemic-led remote working environment.
Coronavirus restrictions over the past year have led to people working and studying from home, which in turn boosted sales of Dell's cloud services and at-home hardwares.
Global shipments of PCs, the industry's collective term for laptops and desktops, grew 55.2% during the first quarter, according to preliminary data from research firm International Data Corporation.
Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter.
The PC maker also said it had paid down $2.5 billion in debt this year and revised its debt paydown target for fiscal year 2022 to at least $16.0 billion, upon the completion of its spin-off of cloud computing software maker VMware Inc VMW.N.
During the quarter, Dell had announced the spin-off of its Boomi cloud business and the divestment of its major stake in VMware in order to lower its debt load.
Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data.
The company's shares have risen about 36% this year.
(Reporting by Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel)
((Nilanjana.Basu@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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May 27 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for quarterly revenue on Thursday as demand for its notebooks and software products was fueled by a pandemic-led remote working environment. Coronavirus restrictions over the past year have led to people working and studying from home, which in turn boosted sales of Dell's cloud services and at-home hardwares. During the quarter, Dell had announced the spin-off of its Boomi cloud business and the divestment of its major stake in VMware in order to lower its debt load.
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Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter. Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data. May 27 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for quarterly revenue on Thursday as demand for its notebooks and software products was fueled by a pandemic-led remote working environment.
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Dell said revenue from its client solutions group, which includes desktops, notebooks and tablets, rose 20% to $13.31 billion in the reported quarter. Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data. May 27 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for quarterly revenue on Thursday as demand for its notebooks and software products was fueled by a pandemic-led remote working environment.
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Coronavirus restrictions over the past year have led to people working and studying from home, which in turn boosted sales of Dell's cloud services and at-home hardwares. Dell's revenue rose 12% to $24.49 billion in the first quarter, beating estimates of $23.40 billion, according to Refinitiv IBES data. May 27 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for quarterly revenue on Thursday as demand for its notebooks and software products was fueled by a pandemic-led remote working environment.
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725987.0
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2021-05-27 00:00:00 UTC
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After-Hours Earnings Report for May 27, 2021 : CRM, COST, ADSK, HPQ, VEEV, DELL, ULTA, VMW, GPS, ASND, OLLI, YY
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-may-27-2021-%3A-crm-cost-adsk-hpq-veev-dell-ulta-vmw-gps
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The following companies are expected to report earnings after hours on 05/27/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Salesforce.com Inc (CRM) is reporting for the quarter ending April 30, 2021. The computer software company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.42. This value represents a 31.25% increase compared to the same quarter last year. In the past year CRM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 80%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CRM is 189.82 vs. an industry ratio of 46.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Costco Wholesale Corporation (COST) is reporting for the quarter ending May 31, 2021. The discount retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.28. This value represents a 20.63% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for COST is 38.60 vs. an industry ratio of 25.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Autodesk, Inc. (ADSK) is reporting for the quarter ending April 30, 2021. The computer software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.52. This value represents a 13.04% increase compared to the same quarter last year. In the past year ADSK has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ADSK is 96.86 vs. an industry ratio of 46.90, implying that they will have a higher earnings growth than their competitors in the same industry.
HP Inc. (HPQ) is reporting for the quarter ending April 30, 2021. The computer company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.89. This value represents a 74.51% increase compared to the same quarter last year. In the past year HPQ has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 41.54%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for HPQ is 9.63 vs. an industry ratio of 52.40.
Veeva Systems Inc. (VEEV) is reporting for the quarter ending April 30, 2021. The internet software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.54. This value represents a 12.50% increase compared to the same quarter last year. In the past year VEEV has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 20%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VEEV is 121.64 vs. an industry ratio of -35.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Dell Technologies Inc. (DELL) is reporting for the quarter ending April 30, 2021. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.55. This value represents a 15.67% increase compared to the same quarter last year. In the past year DELL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 23.29%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 12.83 vs. an industry ratio of 39.60.
Ulta Beauty, Inc. (ULTA) is reporting for the quarter ending April 30, 2021. The retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.92. This value represents a 271.43% increase compared to the same quarter last year. ULTA missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -354.55%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ULTA is 33.05 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Vmware, Inc. (VMW) is reporting for the quarter ending April 30, 2021. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.16. This value represents a 5.45% increase compared to the same quarter last year. In the past year VMW has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 12.59%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VMW is 33.91 vs. an industry ratio of 46.90.
Gap, Inc. (GPS) is reporting for the quarter ending April 30, 2021. The retail (shoe) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.02. This value represents a 99.20% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GPS is 24.65 vs. an industry ratio of 21.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Ascendis Pharma A/S (ASND) is reporting for the quarter ending March 31, 2021. The biomedical (gene) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-2.06. This value represents a 41.10% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ASND is -14.83 vs. an industry ratio of -1.90.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) is reporting for the quarter ending April 30, 2021. The consumer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.66. This value represents a 34.69% increase compared to the same quarter last year. In the past year OLLI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 14.12%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2022 Price to Earnings ratio for OLLI is 29.35 vs. an industry ratio of -3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
JOYY Inc. (YY) is reporting for the quarter ending March 31, 2021. The internet services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.39. This value represents a 157.35% decrease compared to the same quarter last year. YY missed the consensus earnings per share in the 4th calendar quarter of 2020 by -126.61%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for YY is 499.71 vs. an industry ratio of 68.40, 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 April 30, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 12.83 vs. an industry ratio of 39.60.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending April 30, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 12.83 vs. an industry ratio of 39.60.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending April 30, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 12.83 vs. an industry ratio of 39.60.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending April 30, 2021. In the past year DELL has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DELL is 12.83 vs. an industry ratio of 39.60.
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725988.0
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2021-05-27 00:00:00 UTC
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Lenovo's Q4 profit growth of 512% beats estimates
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DELL
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https://www.nasdaq.com/articles/lenovos-q4-profit-growth-of-512-beats-estimates-2021-05-27-0
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nan
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Adds context, details
HONG KONG, May 27 (Reuters) - China's Lenovo Group 0992.HK on Thursday posted a better-than-expected rise of 512% in fourth-quarter profit, as more consumers working and studying from home powered demand for the world's biggest maker of personal computers.
Profit for the quarter ended March 31 jumped to $260 million, above an average estimate of $204.7 million from seven analysts, according to Refinitiv data.
Revenue rose 48% to $15.63 billion from $10.58 billion a year earlier. Analysts expected a revenue of $14.33 billion.
Pandemic-fuelled buying of laptops, televisions and personal gadgets have propped up sales of various electronic companies including rival Samsung Electronics 005930.KS.
Lenovo said in a statement its board recommended a final dividend of 24 Hong Kong cents per share for the year ended March 31. In 2020, it paid 21.5 cents per share.
According to research firm Gartner, worldwide shipments of personal computers rose nearly a third in the March quarter, following a weak 2020 base, the fastest year-over-year growth since Gartner began tracking the PC market two decades ago.
Lenovo strengthened its lead in PCs with a quarter of share of the market, ahead of HP Inc HPQ.Nwith 21.4% and Dell Technologies DELL.N with 16.5%, Gartner said.
(Reporting by Pei Li; Editing by Devika Syamnath)
((Pei.Li@thomsonreuters.com; +852 64325868;))
The views and 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 strengthened its lead in PCs with a quarter of share of the market, ahead of HP Inc HPQ.Nwith 21.4% and Dell Technologies DELL.N with 16.5%, Gartner said. Adds context, details HONG KONG, May 27 (Reuters) - China's Lenovo Group 0992.HK on Thursday posted a better-than-expected rise of 512% in fourth-quarter profit, as more consumers working and studying from home powered demand for the world's biggest maker of personal computers. Lenovo said in a statement its board recommended a final dividend of 24 Hong Kong cents per share for the year ended March 31.
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Lenovo strengthened its lead in PCs with a quarter of share of the market, ahead of HP Inc HPQ.Nwith 21.4% and Dell Technologies DELL.N with 16.5%, Gartner said. Profit for the quarter ended March 31 jumped to $260 million, above an average estimate of $204.7 million from seven analysts, according to Refinitiv data. Revenue rose 48% to $15.63 billion from $10.58 billion a year earlier.
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Lenovo strengthened its lead in PCs with a quarter of share of the market, ahead of HP Inc HPQ.Nwith 21.4% and Dell Technologies DELL.N with 16.5%, Gartner said. Adds context, details HONG KONG, May 27 (Reuters) - China's Lenovo Group 0992.HK on Thursday posted a better-than-expected rise of 512% in fourth-quarter profit, as more consumers working and studying from home powered demand for the world's biggest maker of personal computers. Lenovo said in a statement its board recommended a final dividend of 24 Hong Kong cents per share for the year ended March 31.
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Lenovo strengthened its lead in PCs with a quarter of share of the market, ahead of HP Inc HPQ.Nwith 21.4% and Dell Technologies DELL.N with 16.5%, Gartner said. Analysts expected a revenue of $14.33 billion. Pandemic-fuelled buying of laptops, televisions and personal gadgets have propped up sales of various electronic companies including rival Samsung Electronics 005930.KS.
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6c24bf4c-0730-4193-b428-52a28936043d
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725989.0
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2021-05-12 00:00:00 UTC
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VMware taps Raghuram as CEO, triggering Poonen's exit
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DELL
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https://www.nasdaq.com/articles/vmware-taps-raghuram-as-ceo-triggering-poonens-exit-2021-05-12
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nan
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nan
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By Jessica DiNapoli and Stephen Nellis
May 12 (Reuters) - VMware Inc VMW.N on Wednesday named its co-chief operating officer Raghu Raghuram as its new chief executive, prompting Sanjay Poonen, the business software company's other co-COO, who was vying for the top job, to depart.
Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc DELL.N, which last month said it would spin off its 81% stake in the cloud computing giant in exchange for a special cash dividend of $9.7 billion.
Raghuram's predecessor, Pat Gelsinger, was named Intel Corp's INTC.O chief executive in February.
Raghuram, an 18-year veteran of VMWare, was offered the CEO job after external candidates turned it down, people familiar with the matter said. VMware declined to comment on the other candidates.
VMware makes software that helps business customers spread run their software on vast fleets of physical computers in data centers. Gelsinger helped VMware navigate the transition from the era in which most big businesses owned their own data centers to the era of cloud computing, in which companies rent computing power from vendors such as Amazon AMZN.O Web Services or Microsoft Corp's MSFT.O Azure.
Gelsinger also inked partnership deals to make VMware's technology work with those vendors.
In an interview with Reuters, Raghuram said he planned to double down on that strategy by helping VMware customers move their software among multiple cloud providers as well as their own data centers.
"Embedded in the VMware DNA is this Switzerland mentality" of working with all kinds of computing providers, Raghuram said. "What I hope to do is accelerate it even further.”
"I will be cheering on the company's success, as I embark on my next adventure," Poonen said in a statement. He did not provide details on what he would do next.
VMware also said that Sumit Dhawan, a senior vice president, will be elevated to the role of president. Zane Rowe, who has served as VMware's interim chief executive while the board undertook a search, will return to his previous job as the company's chief financial officer.
VMware, which plans to release its full fiscal first-quarter 2022 financial results on May 27, also released preliminary results on Wednesday. The company said it expected $2.99 billion in fiscal first-quarter revenue and adjusted profits of $1.76 per share. Analysts are expecting $2.91 billion in sales and $1.50 in adjusted earnings per share, according to Refinitiv data as of May 11.
(Reporting by Jessica DiNapoli in New York and Stephen Nellis in San Francisco. Editing by Gerry Doyle)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc DELL.N, which last month said it would spin off its 81% stake in the cloud computing giant in exchange for a special cash dividend of $9.7 billion. By Jessica DiNapoli and Stephen Nellis May 12 (Reuters) - VMware Inc VMW.N on Wednesday named its co-chief operating officer Raghu Raghuram as its new chief executive, prompting Sanjay Poonen, the business software company's other co-COO, who was vying for the top job, to depart. In an interview with Reuters, Raghuram said he planned to double down on that strategy by helping VMware customers move their software among multiple cloud providers as well as their own data centers.
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Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc DELL.N, which last month said it would spin off its 81% stake in the cloud computing giant in exchange for a special cash dividend of $9.7 billion. By Jessica DiNapoli and Stephen Nellis May 12 (Reuters) - VMware Inc VMW.N on Wednesday named its co-chief operating officer Raghu Raghuram as its new chief executive, prompting Sanjay Poonen, the business software company's other co-COO, who was vying for the top job, to depart. VMware makes software that helps business customers spread run their software on vast fleets of physical computers in data centers.
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Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc DELL.N, which last month said it would spin off its 81% stake in the cloud computing giant in exchange for a special cash dividend of $9.7 billion. By Jessica DiNapoli and Stephen Nellis May 12 (Reuters) - VMware Inc VMW.N on Wednesday named its co-chief operating officer Raghu Raghuram as its new chief executive, prompting Sanjay Poonen, the business software company's other co-COO, who was vying for the top job, to depart. Gelsinger helped VMware navigate the transition from the era in which most big businesses owned their own data centers to the era of cloud computing, in which companies rent computing power from vendors such as Amazon AMZN.O Web Services or Microsoft Corp's MSFT.O Azure.
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Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc DELL.N, which last month said it would spin off its 81% stake in the cloud computing giant in exchange for a special cash dividend of $9.7 billion. By Jessica DiNapoli and Stephen Nellis May 12 (Reuters) - VMware Inc VMW.N on Wednesday named its co-chief operating officer Raghu Raghuram as its new chief executive, prompting Sanjay Poonen, the business software company's other co-COO, who was vying for the top job, to depart. In an interview with Reuters, Raghuram said he planned to double down on that strategy by helping VMware customers move their software among multiple cloud providers as well as their own data centers.
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5e39feb2-f3be-487c-a57e-35a3017725e4
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725990.0
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2021-05-11 00:00:00 UTC
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Dell chief executive sees chip shortage lasting a few years
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DELL
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https://www.nasdaq.com/articles/dell-chief-executive-sees-chip-shortage-lasting-a-few-years-2021-05-11
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nan
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nan
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BERLIN, May 11 (Reuters) - A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies DELL.N told Germany's Handelsblatt newspaper.
A surge in demand for electronic devices, coupled with U.S. sanctions against Chinese technology firms, has caused a dearth of the chips, crimping output of items ranging from cars to computers and smartphones.
"The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday. "Even if chip factories are built all over the world it takes time."
With an annual order volume of $70 billion, the firm is one of the most important customers of many semiconductor makers, but still had to pay a premium to secure supply, Dell added.
In particular, older and cheaper semiconductors are hard to get hold of, he said.
"We are talking, in particular, about components that are in the one-dollar range and are used practically everywhere," he said. "But even newer technologies are not easy to come by."
(Writing by Caroline Copley; Editing by Clarence Fernandez)
((Caroline.Copley@thomsonreuters.com; +49 (0)30 2201 33584 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BERLIN, May 11 (Reuters) - A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies DELL.N told Germany's Handelsblatt newspaper. With an annual order volume of $70 billion, the firm is one of the most important customers of many semiconductor makers, but still had to pay a premium to secure supply, Dell added. "The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday.
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BERLIN, May 11 (Reuters) - A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies DELL.N told Germany's Handelsblatt newspaper. "The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday. With an annual order volume of $70 billion, the firm is one of the most important customers of many semiconductor makers, but still had to pay a premium to secure supply, Dell added.
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BERLIN, May 11 (Reuters) - A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies DELL.N told Germany's Handelsblatt newspaper. With an annual order volume of $70 billion, the firm is one of the most important customers of many semiconductor makers, but still had to pay a premium to secure supply, Dell added. "The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday.
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BERLIN, May 11 (Reuters) - A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies DELL.N told Germany's Handelsblatt newspaper. "The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday. With an annual order volume of $70 billion, the firm is one of the most important customers of many semiconductor makers, but still had to pay a premium to secure supply, Dell added.
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a98a6177-8a3f-42a0-824d-a45b0ab92e31
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725991.0
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2021-05-10 00:00:00 UTC
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Dell Technologies Inc.'s (NYSE:DELL) Intrinsic Value Is Potentially 61% Above Its Share Price
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.s-nyse%3Adell-intrinsic-value-is-potentially-61-above-its-share-price
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nan
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nan
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Today we will run through one way of estimating the intrinsic value of Dell Technologies Inc. (NYSE:DELL) by projecting its future cash flows and then discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Believe it or not, it's not too difficult to follow, as you'll see from our example!
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.
What's the estimated valuation?
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:
10-year free cash flow (FCF) estimate
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Levered FCF ($, Millions) US$6.22b US$7.07b US$7.57b US$7.62b US$8.84b US$9.52b US$10.0b US$10.5b US$10.8b US$11.2b
Growth Rate Estimate Source Analyst x7 Analyst x6 Analyst x6 Analyst x4 Analyst x1 Analyst x1 Est @ 5.35% Est @ 4.34% Est @ 3.64% Est @ 3.14%
Present Value ($, Millions) Discounted @ 9.0% US$5.7k US$6.0k US$5.8k US$5.4k US$5.8k US$5.7k US$5.5k US$5.3k US$5.0k US$4.7k
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$55b
The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 9.0%.
Terminal Value (TV)= FCF2030 × (1 + g) ÷ (r – g) = US$11b× (1 + 2.0%) ÷ (9.0%– 2.0%) = US$163b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$163b÷ ( 1 + 9.0%)10= US$69b
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$124b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$101, the company appears quite good value at a 38% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out.
NYSE:DELL Discounted Cash Flow May 10th 2021
Important assumptions
Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Dell Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.0%, which is based on a levered beta of 1.481. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Looking Ahead:
Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Why is the intrinsic value higher than the current share price? For Dell Technologies, we've compiled three relevant factors you should further research:
Risks: For example, we've discovered 5 warning signs for Dell Technologies (1 shouldn't be ignored!) that you should be aware of before investing here.
Future Earnings: How does DELL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Future Earnings: How does DELL's growth rate compare to its peers and the wider market? Today we will run through one way of estimating the intrinsic value of Dell Technologies Inc. (NYSE:DELL) by projecting its future cash flows and then discounting them to today's value. NYSE:DELL Discounted Cash Flow May 10th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.
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NYSE:DELL Discounted Cash Flow May 10th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Today we will run through one way of estimating the intrinsic value of Dell Technologies Inc. (NYSE:DELL) by projecting its future cash flows and then discounting them to today's value. Given that we are looking at Dell Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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NYSE:DELL Discounted Cash Flow May 10th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Today we will run through one way of estimating the intrinsic value of Dell Technologies Inc. (NYSE:DELL) by projecting its future cash flows and then discounting them to today's value. Given that we are looking at Dell Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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Today we will run through one way of estimating the intrinsic value of Dell Technologies Inc. (NYSE:DELL) by projecting its future cash flows and then discounting them to today's value. NYSE:DELL Discounted Cash Flow May 10th 2021 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Given that we are looking at Dell Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.
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99e1d37b-41be-4c55-81ad-05c5f7786161
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725992.0
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2021-05-08 00:00:00 UTC
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Why Shares of Dell Technologies Rose 11.5% in April
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DELL
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https://www.nasdaq.com/articles/why-shares-of-dell-technologies-rose-11.5-in-april-2021-05-08
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nan
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nan
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What happened
Shares of Dell Technologies (NYSE: DELL) rose 11.5% in April, according to data provided by S&P Global Market Intelligence. The server and laptop assembler officially confirmed in a press release that it would be spinning off its near-81% stake in hyper-converged software company VMware (NYSE: VMW) after September of this year.
While Dell had first announced its intention to make this move last summer, the new confirmation also provided more concrete details about the transaction, which included very good news for Dell shareholders.
Image source: Getty Images.
So what
Under the terms of the deal, VMware will pay an $11.5 billion to $12 billion special dividend to all shareholders (about $28 per share), meaning Dell's stake will bring in a fresh $9.3 billion to $9.7 billion after the spinoff. That will go a long way toward paying off Dell's hefty debt load, which it took on in 2016 after it acquired EMC.
VMware's remaining 19% of shares are publicly traded, and when subtracting Dell's proportional stake in VMware, the remaining "core" of Dell, which primarily consists of enterprise servers, desktops, and PCs, looks very cheap indeed. And that's even after a 36% gain year to date.
Now what
The spinoff is still subject to a favorable opinion from the IRS on the tax-free nature of the move, but provided that happens, Dell shareholders still have a lot to look forward to. As the calendar turned to May, Dell also announced it would be selling off its Boomi data integration software business to a private equity firm for another $4 billion, adding more cash to its balance sheet and further focusing the company on its core server and PC business.
The market for PCs and laptops is growing better than it has in years, thanks to work-from-home trends. Given that more companies are likely to adopt a hybrid office-and-home posture for employees even post-pandemic, some of that strength is likely to linger in this year and beyond.
With a stronger balance sheet and a renewed focus on that core business, Dell could unlock lots of value for its shareholders in 2021.
10 stocks we like better than Dell Technologies Inc.
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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 February 24, 2021
Billy Duberstein owns shares of Dell Technologies Inc. His clients may own shares of the companies mentioned. The Motley Fool recommends VMware. 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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Now what The spinoff is still subject to a favorable opinion from the IRS on the tax-free nature of the move, but provided that happens, Dell shareholders still have a lot to look forward to. With a stronger balance sheet and a renewed focus on that core business, Dell could unlock lots of value for its shareholders in 2021. What happened Shares of Dell Technologies (NYSE: DELL) rose 11.5% in April, according to data provided by S&P Global Market Intelligence.
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What happened Shares of Dell Technologies (NYSE: DELL) rose 11.5% in April, according to data provided by S&P Global Market Intelligence. VMware's remaining 19% of shares are publicly traded, and when subtracting Dell's proportional stake in VMware, the remaining "core" of Dell, which primarily consists of enterprise servers, desktops, and PCs, looks very cheap indeed. While Dell had first announced its intention to make this move last summer, the new confirmation also provided more concrete details about the transaction, which included very good news for Dell shareholders.
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So what Under the terms of the deal, VMware will pay an $11.5 billion to $12 billion special dividend to all shareholders (about $28 per share), meaning Dell's stake will bring in a fresh $9.3 billion to $9.7 billion after the spinoff. VMware's remaining 19% of shares are publicly traded, and when subtracting Dell's proportional stake in VMware, the remaining "core" of Dell, which primarily consists of enterprise servers, desktops, and PCs, looks very cheap indeed. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Billy Duberstein owns shares of Dell Technologies Inc. His clients may own shares of the companies mentioned.
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Now what The spinoff is still subject to a favorable opinion from the IRS on the tax-free nature of the move, but provided that happens, Dell shareholders still have a lot to look forward to. 10 stocks we like better than Dell Technologies Inc. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Billy Duberstein owns shares of Dell Technologies Inc. His clients may own shares of the companies mentioned.
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0db84b53-218e-4cef-8ff9-23b9981c0f62
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725993.0
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2021-05-07 00:00:00 UTC
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EXCLUSIVE-India holds up wireless approvals for China-made devices, delaying launches
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DELL
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https://www.nasdaq.com/articles/exclusive-india-holds-up-wireless-approvals-for-china-made-devices-delaying-launches-2021
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nan
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nan
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By Sankalp Phartiyal
NEW DELHI, May 7 (Reuters) - India has held up approvals for import of wifi modules from China for months, driving companies such as U.S. computer makers Dell DELL.N and HP HPQ.N and China's Xiaomi 1810.HK, Oppo, Vivo and Lenovo 0992.HK to delay product launches in a key growth market, two industry sources said.
Imports from China of finished electronic devices - like bluetooth speakers, wireless earphones, smartphones, smartwatches and laptops - containing wifi modules are being delayed, the sources said.
The Communications Ministry's Wireless Planning and Coordination (WPC) Wing has withheld approval since at least November, according to the sources, who were familiar with lobbying efforts by firms seeking clearance.
More than 80 such applications by U.S., Chinese and Korean firms have been pending with the WPC since then, one of the sources said. Even applications from some Indian firms, which bring in some finished products from China, are awaiting WPC approval, the sources added.
Dell, HP, Xiaomi, Oppo, Vivo and Lenovo did not respond to requests for comment.
The communications ministry did not respond to a request for comment either. And both sources said the government had still to respond to representations made by industry lobby groups and individual companies.
India's hard stance on Chinese imports comes amid Prime Minister Narendra Modi's call for greater economic self-reliance.
His nationalist policies have helped boost the growth of smartphone assembly in the South Asian nation, and the sources believe the government's intention is to persuade companies to locate more of their production of electronic devices in India.
"The government's idea is to push companies to manufacture these products in India," one of the sources said.
"But tech companies are caught in a difficult situation - making in India would mean big-ticket investments and a long wait for returns, on the other hand the government-imposed hurdle on imports means a potential loss of revenues."
India previously allowed companies to self-declare wireless equipment, a move that made imports easier, but new rules in March 2019 mandated firms to seek government approval.
While India's market and export potential have turned it into the world's second-biggest mobile maker, tech analysts and industry insiders say it does not yet have the size or scale for companies to invest big in making IT products and smart wearable devices.
WARY OF CHINA TECH
The long delay in WPC approvals also underscores India's strategy to cut China's influence in its tech economy, especially after a border clash with Beijing last year though tensions have eased since.
Modi's government this week omitted Chinese gearmaker Huawei from a list of participants in its 5G trials, though European and Korean rivals were permitted.
And once 5G deployment begins in India, New Delhi will likely block mobile carriers from using Huawei's telecoms gear, Reuters previously reported.
U.S. firms Apple, Cisco CSCO.O and Dell were last year caught up in India's border tensions with China, as Indian ports held up imports of their products from China.
In another example, reported by Reuters late last year, India's tight control of quality clearances for electronic goods from China slowed the import of an Apple AAPL.O iPhone model.
Now that firms have obtained safety clearances from India's quality control agency, getting WPC approval has become the main obstacle to importing electronic devices from China.
(Reporting by Sankalp Phartiyal; Editing by Simon Cameron-Moore)
((sankalp.phartiyal@thomsonreuters.com; +91-11-49548064;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Sankalp Phartiyal NEW DELHI, May 7 (Reuters) - India has held up approvals for import of wifi modules from China for months, driving companies such as U.S. computer makers Dell DELL.N and HP HPQ.N and China's Xiaomi 1810.HK, Oppo, Vivo and Lenovo 0992.HK to delay product launches in a key growth market, two industry sources said. Dell, HP, Xiaomi, Oppo, Vivo and Lenovo did not respond to requests for comment. U.S. firms Apple, Cisco CSCO.O and Dell were last year caught up in India's border tensions with China, as Indian ports held up imports of their products from China.
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By Sankalp Phartiyal NEW DELHI, May 7 (Reuters) - India has held up approvals for import of wifi modules from China for months, driving companies such as U.S. computer makers Dell DELL.N and HP HPQ.N and China's Xiaomi 1810.HK, Oppo, Vivo and Lenovo 0992.HK to delay product launches in a key growth market, two industry sources said. Dell, HP, Xiaomi, Oppo, Vivo and Lenovo did not respond to requests for comment. U.S. firms Apple, Cisco CSCO.O and Dell were last year caught up in India's border tensions with China, as Indian ports held up imports of their products from China.
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By Sankalp Phartiyal NEW DELHI, May 7 (Reuters) - India has held up approvals for import of wifi modules from China for months, driving companies such as U.S. computer makers Dell DELL.N and HP HPQ.N and China's Xiaomi 1810.HK, Oppo, Vivo and Lenovo 0992.HK to delay product launches in a key growth market, two industry sources said. U.S. firms Apple, Cisco CSCO.O and Dell were last year caught up in India's border tensions with China, as Indian ports held up imports of their products from China. Dell, HP, Xiaomi, Oppo, Vivo and Lenovo did not respond to requests for comment.
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By Sankalp Phartiyal NEW DELHI, May 7 (Reuters) - India has held up approvals for import of wifi modules from China for months, driving companies such as U.S. computer makers Dell DELL.N and HP HPQ.N and China's Xiaomi 1810.HK, Oppo, Vivo and Lenovo 0992.HK to delay product launches in a key growth market, two industry sources said. U.S. firms Apple, Cisco CSCO.O and Dell were last year caught up in India's border tensions with China, as Indian ports held up imports of their products from China. Dell, HP, Xiaomi, Oppo, Vivo and Lenovo did not respond to requests for comment.
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09f5bcab-ff2e-4aa8-9f1a-4b446192a899
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725994.0
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2021-05-04 00:00:00 UTC
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VAST valuation triples to $3.7 bln after Tiger Global-led investment
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DELL
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https://www.nasdaq.com/articles/vast-valuation-triples-to-%243.7-bln-after-tiger-global-led-investment-2021-05-04
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nan
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nan
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Adds details from statement, background
May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management.
This is the latest in a flurry of funding deals that Tiger has led in recent months, amid sky-high demand for fast-growing tech startups. The investment company has also recently backed cloud firm Redis Labs and e-commerce platform Kajabi.
Squarespace, one of Tiger Global's portfolio companies which was valued at $10 billion in March, is going public through a direct listing later this month.
VAST, a flash storage company, was founded in 2016 in Israel and is now headquartered in New York. Its products aim to "direct an extinction event" for more traditional storage devices like hard drives, according to a blog post on its website.
Its latest funding round also featured existing investors, including chipmaker NVIDIA Corp NVDA.O, and has brought its balance sheet to $230 million.
The company's backers also include Norwest Venture Partners, Goldman Sachs GS.N and Dell Technologies Capital, the venture capital of Dell Technologies DELL.N, among others.
(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)
((Niket.Nishant@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's backers also include Norwest Venture Partners, Goldman Sachs GS.N and Dell Technologies Capital, the venture capital of Dell Technologies DELL.N, among others. Adds details from statement, background May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management. This is the latest in a flurry of funding deals that Tiger has led in recent months, amid sky-high demand for fast-growing tech startups.
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The company's backers also include Norwest Venture Partners, Goldman Sachs GS.N and Dell Technologies Capital, the venture capital of Dell Technologies DELL.N, among others. Adds details from statement, background May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management. Its latest funding round also featured existing investors, including chipmaker NVIDIA Corp NVDA.O, and has brought its balance sheet to $230 million.
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The company's backers also include Norwest Venture Partners, Goldman Sachs GS.N and Dell Technologies Capital, the venture capital of Dell Technologies DELL.N, among others. Adds details from statement, background May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management. Squarespace, one of Tiger Global's portfolio companies which was valued at $10 billion in March, is going public through a direct listing later this month.
|
The company's backers also include Norwest Venture Partners, Goldman Sachs GS.N and Dell Technologies Capital, the venture capital of Dell Technologies DELL.N, among others. Adds details from statement, background May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management. This is the latest in a flurry of funding deals that Tiger has led in recent months, amid sky-high demand for fast-growing tech startups.
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64dee658-21d1-4920-98d3-27c46e1bb1ed
|
725995.0
|
2021-05-04 00:00:00 UTC
|
Dell To Sell Boomi For $4B To Francisco Partners And TPG Capital
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DELL
|
https://www.nasdaq.com/articles/dell-to-sell-boomi-for-%244b-to-francisco-partners-and-tpg-capital-2021-05-04
|
nan
|
nan
|
Dell (DELL) has reached an agreement to sell Boomi, its cloud-based integration platform as a service (iPaaS). Francisco Partners and TPG Capital have agreed to pay $4 billion in cash to acquire the unit, which has flourished since Dell acquired it in 2010.
Dell is offloading Boomi, having grown it to a customer base of over 15,000 worldwide. The sell-off is expected to position Boomi for its next phase of growth as Dell focuses on modernizing its core infrastructure and PC businesses.
Boomi has grown to become a pioneer in fueling intelligent data use. Its cloud solutions make it easy for organizations to connect application processes and people across various locations and devices.
TPG Capital partner, Nehal Raj, stated, “Boomi’s cloud-native platform enables enterprises to streamline business processes and is essential for driving digital transformation. TPG has a long history of partnering with corporate leaders like Dell Technologies to carve out and grow dynamic technology businesses. We look forward to working with the teams at Boomi and Francisco Partners to accelerate the company’s growth as an independent entity.” (See Dell stock analysis on TipRanks)
Dell has been on a divestment spree in recent years as it looks to increase its focus on the infrastructure and PC business. It has already confirmed plans to spin-off its 81% stake in VMware (VMW). Raymond James analyst Simon Leopold expects the VMware spin-off to unlock significant value.
“The action does not come as a complete shock, but the timing surprised us. We believe the transaction unlocks value and enables debt reduction, and the after-market trading of Dells's shares (up ~8%) suggests investors like the deal," Leopold wrote in a research note to investors.
Leopold has maintained a Buy rating on the stock and increased the share price target to $113 from $92, implying 15.57% upside potential to current levels.
Consensus among analysts is a Moderate Buy based on 8 Buy and 3 Hold ratings. The average analyst price target of $108.50 implies approximately 11% upside potential to current levels.
DELL scores 9 out of 10 on TipRanks’ Smart Score rating system, implying it is well-positioned to outperform market expectations.
Related News:
Comcast Delivers Double-Digit Growth In 1Q
Woven Acquisition To Help Slack Rival Microsoft And Google
General Motors To Invest $1B To Produce Electric Cars In Mexico
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The sell-off is expected to position Boomi for its next phase of growth as Dell focuses on modernizing its core infrastructure and PC businesses. Dell (DELL) has reached an agreement to sell Boomi, its cloud-based integration platform as a service (iPaaS). Francisco Partners and TPG Capital have agreed to pay $4 billion in cash to acquire the unit, which has flourished since Dell acquired it in 2010.
|
Dell (DELL) has reached an agreement to sell Boomi, its cloud-based integration platform as a service (iPaaS). Francisco Partners and TPG Capital have agreed to pay $4 billion in cash to acquire the unit, which has flourished since Dell acquired it in 2010. Dell is offloading Boomi, having grown it to a customer base of over 15,000 worldwide.
|
Dell (DELL) has reached an agreement to sell Boomi, its cloud-based integration platform as a service (iPaaS). The sell-off is expected to position Boomi for its next phase of growth as Dell focuses on modernizing its core infrastructure and PC businesses. We look forward to working with the teams at Boomi and Francisco Partners to accelerate the company’s growth as an independent entity.” (See Dell stock analysis on TipRanks) Dell has been on a divestment spree in recent years as it looks to increase its focus on the infrastructure and PC business.
|
Dell is offloading Boomi, having grown it to a customer base of over 15,000 worldwide. Dell (DELL) has reached an agreement to sell Boomi, its cloud-based integration platform as a service (iPaaS). Francisco Partners and TPG Capital have agreed to pay $4 billion in cash to acquire the unit, which has flourished since Dell acquired it in 2010.
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0243b790-d8de-43ab-8f64-a2de7fbd4d25
|
725996.0
|
2021-05-03 00:00:00 UTC
|
Technology Sector Update for 05/03/2021: SPCE,DELL,VRRM
|
DELL
|
https://www.nasdaq.com/articles/technology-sector-update-for-05-03-2021%3A-spcedellvrrm-2021-05-03
|
nan
|
nan
|
Technology stocks were declining, with the SPDR Technology Select Sector ETF Monday off 0.4% and the Philadelphia Semiconductor Index dropping 1.5% this afternoon.
In company news, Virgin Galactic Holdings (SPCE) fell 8.1% after the aerospace and space travel company late Friday said it was rescheduling the release of its Q1 financial results to May 10. The US Securities and Exchange Commission recently issued guidance on the accounting of warrants issued by special purpose acquisition companies.
Dell Technologies (DELL) declined fractionally after announcing the sale of Boomi, its cloud-based integration-platform-as-a-service provider, to private-equity investors Francisco Partners and TPG Capital for $4 billion in cash.
Verra Mobility (VRRM) rose 7.2% after Monday saying it received authorization to proceed with an order for another 720 school-zone speed cameras in New York City, adding to its 1,020 speed safety cameras already in use across New York City.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) declined fractionally after announcing the sale of Boomi, its cloud-based integration-platform-as-a-service provider, to private-equity investors Francisco Partners and TPG Capital for $4 billion in cash. In company news, Virgin Galactic Holdings (SPCE) fell 8.1% after the aerospace and space travel company late Friday said it was rescheduling the release of its Q1 financial results to May 10. Verra Mobility (VRRM) rose 7.2% after Monday saying it received authorization to proceed with an order for another 720 school-zone speed cameras in New York City, adding to its 1,020 speed safety cameras already in use across New York City.
|
Dell Technologies (DELL) declined fractionally after announcing the sale of Boomi, its cloud-based integration-platform-as-a-service provider, to private-equity investors Francisco Partners and TPG Capital for $4 billion in cash. Verra Mobility (VRRM) rose 7.2% after Monday saying it received authorization to proceed with an order for another 720 school-zone speed cameras in New York City, adding to its 1,020 speed safety cameras already in use across New York City. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) declined fractionally after announcing the sale of Boomi, its cloud-based integration-platform-as-a-service provider, to private-equity investors Francisco Partners and TPG Capital for $4 billion in cash. In company news, Virgin Galactic Holdings (SPCE) fell 8.1% after the aerospace and space travel company late Friday said it was rescheduling the release of its Q1 financial results to May 10. Verra Mobility (VRRM) rose 7.2% after Monday saying it received authorization to proceed with an order for another 720 school-zone speed cameras in New York City, adding to its 1,020 speed safety cameras already in use across New York City.
|
Dell Technologies (DELL) declined fractionally after announcing the sale of Boomi, its cloud-based integration-platform-as-a-service provider, to private-equity investors Francisco Partners and TPG Capital for $4 billion in cash. Technology stocks were declining, with the SPDR Technology Select Sector ETF Monday off 0.4% and the Philadelphia Semiconductor Index dropping 1.5% this afternoon. In company news, Virgin Galactic Holdings (SPCE) fell 8.1% after the aerospace and space travel company late Friday said it was rescheduling the release of its Q1 financial results to May 10.
|
57be4ed6-fd31-45f9-8fef-e3850a47aadf
|
725997.0
|
2021-05-03 00:00:00 UTC
|
Technology Sector Update for 05/03/2021: INTC, DELL, MCFE, XLK, SOXX
|
DELL
|
https://www.nasdaq.com/articles/technology-sector-update-for-05-03-2021%3A-intc-dell-mcfe-xlk-soxx-2021-05-03
|
nan
|
nan
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Tech stocks were climbing premarket Monday. The Technology Select Sector SPDR ETF (XLK) was 0.42% higher and the Semiconductor Sector Index Fund (SOXX) was up 0.53% in recent trading.
Intel (INTC) confirmed plans to build a $10 billion chip plant in Israel and said it has begun construction of the first phase, Reuters reported, citing a company statement. Intel was up 0.6% recently.
Dell Technologies (DELL) was up more than 1% after announcing that it agreed to sell Boomi, a provider of cloud-based integration-platform-as-a-service, to Francisco Partners and TPG Capital in a cash deal valued at $4 billion.
McAfee (MCFE) was inactive after unveiling a multi-year extension of its partnership with Japan-based Fujitsu Client Computing to provide consumer security products to Fujitsu device users.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) was up more than 1% after announcing that it agreed to sell Boomi, a provider of cloud-based integration-platform-as-a-service, to Francisco Partners and TPG Capital in a cash deal valued at $4 billion. Intel (INTC) confirmed plans to build a $10 billion chip plant in Israel and said it has begun construction of the first phase, Reuters reported, citing a company statement. McAfee (MCFE) was inactive after unveiling a multi-year extension of its partnership with Japan-based Fujitsu Client Computing to provide consumer security products to Fujitsu device users.
|
Dell Technologies (DELL) was up more than 1% after announcing that it agreed to sell Boomi, a provider of cloud-based integration-platform-as-a-service, to Francisco Partners and TPG Capital in a cash deal valued at $4 billion. The Technology Select Sector SPDR ETF (XLK) was 0.42% higher and the Semiconductor Sector Index Fund (SOXX) was up 0.53% in recent trading. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dell Technologies (DELL) was up more than 1% after announcing that it agreed to sell Boomi, a provider of cloud-based integration-platform-as-a-service, to Francisco Partners and TPG Capital in a cash deal valued at $4 billion. The Technology Select Sector SPDR ETF (XLK) was 0.42% higher and the Semiconductor Sector Index Fund (SOXX) was up 0.53% in recent trading. Intel (INTC) confirmed plans to build a $10 billion chip plant in Israel and said it has begun construction of the first phase, Reuters reported, citing a company statement.
|
Dell Technologies (DELL) was up more than 1% after announcing that it agreed to sell Boomi, a provider of cloud-based integration-platform-as-a-service, to Francisco Partners and TPG Capital in a cash deal valued at $4 billion. Tech stocks were climbing premarket Monday. Intel was up 0.6% recently.
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ca507fc5-3862-4fce-8fe9-86057c2f538a
|
725998.0
|
2021-05-02 00:00:00 UTC
|
Francisco Partners, TPG To Buy Dell's IPaaS Provider Boomi In $4 Bln Deal
|
DELL
|
https://www.nasdaq.com/articles/francisco-partners-tpg-to-buy-dells-ipaas-provider-boomi-in-%244-bln-deal-2021-05-02
|
nan
|
nan
|
(RTTNews) - Francisco Partners and TPG Capital have reached a definitive agreement with Dell Technologies (DELL) to acquire Boomi, a provider of cloud-based integration platform as a service (iPaaS). The cash transaction is valued at $4 billion. Terms of the agreement were not disclosed.
The deal is expected to close by the end of 2021.
According to Dell, Boomi is trusted by more than 15,000 customers globally to discover, manage and orchestrate data. Boomi makes it quick and easy for organizations to connect applications, processes and people across a range of locations and devices - completing projects in weeks, not months.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Francisco Partners and TPG Capital have reached a definitive agreement with Dell Technologies (DELL) to acquire Boomi, a provider of cloud-based integration platform as a service (iPaaS). According to Dell, Boomi is trusted by more than 15,000 customers globally to discover, manage and orchestrate data. Boomi makes it quick and easy for organizations to connect applications, processes and people across a range of locations and devices - completing projects in weeks, not months.
|
(RTTNews) - Francisco Partners and TPG Capital have reached a definitive agreement with Dell Technologies (DELL) to acquire Boomi, a provider of cloud-based integration platform as a service (iPaaS). According to Dell, Boomi is trusted by more than 15,000 customers globally to discover, manage and orchestrate data. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Francisco Partners and TPG Capital have reached a definitive agreement with Dell Technologies (DELL) to acquire Boomi, a provider of cloud-based integration platform as a service (iPaaS). According to Dell, Boomi is trusted by more than 15,000 customers globally to discover, manage and orchestrate data. The deal is expected to close by the end of 2021.
|
(RTTNews) - Francisco Partners and TPG Capital have reached a definitive agreement with Dell Technologies (DELL) to acquire Boomi, a provider of cloud-based integration platform as a service (iPaaS). According to Dell, Boomi is trusted by more than 15,000 customers globally to discover, manage and orchestrate data. The cash transaction is valued at $4 billion.
|
4d868fd6-a300-4d0b-8038-adedc92b2ca9
|
725999.0
|
2021-05-02 00:00:00 UTC
|
Francisco Partners, TPG buy Dell's cloud business Boomi for $4 bln
|
DELL
|
https://www.nasdaq.com/articles/francisco-partners-tpg-buy-dells-cloud-business-boomi-for-%244-bln-2021-05-02
|
nan
|
nan
|
Changes sourcing, adds details from statement, adds background
May 2 (Reuters) - Computer maker Dell Technologies Inc DELL.Non Sunday said private-equity firms Francisco Partners andTPG Capitalhave entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction.
The company said the deal was expected to close by the end of this year but did not disclose additional terms of the transaction.
The Wall Street Journal had reported that Dell was nearing a deal to sell Boomi.
The PC maker is under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016 failed to meet financial targets, hurt by intensifying price competition.
The company this month said it would spin off its majority stake in cloud computing software maker VMware VMW.N, which would trim down its business and make the firm nimbler.
(Reporting by Derek Francis in Bengaluru; Editing by Kim Coghill and Gerry Doyle)
((derek.francis@thomsonreuters.com; +91-9986311363 and @derekfrancis089 on Twitter;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Changes sourcing, adds details from statement, adds background May 2 (Reuters) - Computer maker Dell Technologies Inc DELL.Non Sunday said private-equity firms Francisco Partners andTPG Capitalhave entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. The Wall Street Journal had reported that Dell was nearing a deal to sell Boomi. The PC maker is under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016 failed to meet financial targets, hurt by intensifying price competition.
|
Changes sourcing, adds details from statement, adds background May 2 (Reuters) - Computer maker Dell Technologies Inc DELL.Non Sunday said private-equity firms Francisco Partners andTPG Capitalhave entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. The Wall Street Journal had reported that Dell was nearing a deal to sell Boomi. The company this month said it would spin off its majority stake in cloud computing software maker VMware VMW.N, which would trim down its business and make the firm nimbler.
|
Changes sourcing, adds details from statement, adds background May 2 (Reuters) - Computer maker Dell Technologies Inc DELL.Non Sunday said private-equity firms Francisco Partners andTPG Capitalhave entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. The Wall Street Journal had reported that Dell was nearing a deal to sell Boomi. The company this month said it would spin off its majority stake in cloud computing software maker VMware VMW.N, which would trim down its business and make the firm nimbler.
|
Changes sourcing, adds details from statement, adds background May 2 (Reuters) - Computer maker Dell Technologies Inc DELL.Non Sunday said private-equity firms Francisco Partners andTPG Capitalhave entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. The Wall Street Journal had reported that Dell was nearing a deal to sell Boomi. The company said the deal was expected to close by the end of this year but did not disclose additional terms of the transaction.
|
10ed1445-5fd1-4fe8-9df3-793c09fb85d6
|
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