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726000.0
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2021-04-27 00:00:00 UTC
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Dell Collaborates With Secureworks On Subscription-Based Cybersecurity Service
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DELL
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https://www.nasdaq.com/articles/dell-collaborates-with-secureworks-on-subscription-based-cybersecurity-service-2021-04-27
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nan
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nan
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Dell Technologies has unveiled a new subscription-based service for protecting and securing Information Technology (IT) environments against cybersecurity threats. Powered by Secureworks Taegis XDR, Dell Technologies Managed Detection and Response service will provide 24/7 security across all endpoints, devices, and data center networks. The subscription-based managed service will shield the cloud environment against cyber threats, while also improving customers' security posture. According to Dell (DELL), the service will monitor, investigate, and respond adequately against cyber threats. Dell will assist customers in deploying the security service controls across all data sources. Whenever there is a threat, the security service will investigate and provide recommended actions. It will also offer step-by-step instructions on how to contain and remediate the threats. “With Dell Technologies Managed Detection and Response, Dell helps businesses shift from a reactive to proactive security stance through our services, cybersecurity expertise, global reach and Secureworks technology,” said Doug Schmitt, Dell Technologies Services’ President. The Secureworks (SCWX) security system is well suited for organizations with 50 endpoints or more as it leverages the experience that Dell’s security analysts have gained over the years. The security system is currently available in North America and will be released as a standalone service worldwide on May 10. Dell shares are up by about 26% year-to-date after a 42% pop in 2020. (See Dell stock analysis on TipRanks). As Dell moves to spin off its 81% stake in VMware Inc (VMW) following a strategic review, RBC Capital’s analyst Robert Muller has reiterated a Hold rating. The transaction will result in each Dell shareholder getting approximately 0.44 shares of VMware. VMware will also pay a special dividend of $11.5 billion to $12.0 billion to its existing shareholders. “We think the planned spin-off helps unlock the persistent SOTP discount that’s been embedded in Dell’s shares since it returned to the public markets in late 2018, and like that it significantly eases the path to investment grade, which should bring a more balanced capital allocation strategy ahead” Muller in a statement. The analyst has since reiterated a $95 price target on Dell, implying 5.36% downside potential to current trading levels. Dell commands a Strong Buy Consensus rating on Wall Street based on 9 Buy and 3 Hold ratings. The average analyst price target of $107.83 implies 7.42% upside potential to current levels. Dell scores a “Perfect 10” on the TipRanks’ Smart Score rating system, suggesting that it could outperform market averages. Related News GameStop Executives Staring At Millions In Payouts On Vested Stock – Report Twitter Explores Tipping Feature - Report Baidu And Geely To Invest $7.7B In Smart Car Tech - Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Powered by Secureworks Taegis XDR, Dell Technologies Managed Detection and Response service will provide 24/7 security across all endpoints, devices, and data center networks. As Dell moves to spin off its 81% stake in VMware Inc (VMW) following a strategic review, RBC Capital’s analyst Robert Muller has reiterated a Hold rating. “We think the planned spin-off helps unlock the persistent SOTP discount that’s been embedded in Dell’s shares since it returned to the public markets in late 2018, and like that it significantly eases the path to investment grade, which should bring a more balanced capital allocation strategy ahead” Muller in a statement.
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Powered by Secureworks Taegis XDR, Dell Technologies Managed Detection and Response service will provide 24/7 security across all endpoints, devices, and data center networks. “With Dell Technologies Managed Detection and Response, Dell helps businesses shift from a reactive to proactive security stance through our services, cybersecurity expertise, global reach and Secureworks technology,” said Doug Schmitt, Dell Technologies Services’ President. Dell Technologies has unveiled a new subscription-based service for protecting and securing Information Technology (IT) environments against cybersecurity threats.
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Dell Technologies has unveiled a new subscription-based service for protecting and securing Information Technology (IT) environments against cybersecurity threats. According to Dell (DELL), the service will monitor, investigate, and respond adequately against cyber threats. “With Dell Technologies Managed Detection and Response, Dell helps businesses shift from a reactive to proactive security stance through our services, cybersecurity expertise, global reach and Secureworks technology,” said Doug Schmitt, Dell Technologies Services’ President.
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Powered by Secureworks Taegis XDR, Dell Technologies Managed Detection and Response service will provide 24/7 security across all endpoints, devices, and data center networks. The transaction will result in each Dell shareholder getting approximately 0.44 shares of VMware. Dell Technologies has unveiled a new subscription-based service for protecting and securing Information Technology (IT) environments against cybersecurity threats.
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32f173bd-fd73-460f-90ed-98e9a9457039
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726001.0
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2021-04-25 00:00:00 UTC
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China to launch month-long effort in May to boost consumption
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DELL
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https://www.nasdaq.com/articles/china-to-launch-month-long-effort-in-may-to-boost-consumption-2021-04-25
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nan
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nan
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By Yew Lun Tian and Ryan Woo
BEIJING, April 25 (Reuters) - China will launch a series of promotional activities, including a new consumer goods expo in southern Hainan province, in May to boost spending as the Chinese retail sector recovers from COVID-19-induced consumer caution.
Expanding domestic consumption is a priority in China's "dual circulation" economic strategy first highlighted by President Xi Jinping in May, which also called for a reduced dependence on foreign markets.
China's retail sales surged 34.2% year-on-year in March, surpassing a 28.0% gain expected by analysts and stronger than the 33.8% jump in January-February. More significantly, retail revenues were 12.9% higher than March 2019 - before the pandemic.
As China enters a five-day Labour Day holiday, it will kick off the month-long spending campaign on May 1 in Shanghai with activities including a car show, Gao Feng, a commerce ministry spokesman, told a press conference on Sunday.
Other major cities such as Beijing, Chongqing and Suzhou will also hold sales in May, he added.
E-commerce platforms will also offer sales on food, travel, and cultural and sporting products by "good quality brands" for half a month.
Events planned in other cities include a food fair in Yangzhou city in eastern Jiangsu province from Thursday and a fair from May 12 in Guangzhou in southern Guangdong province that showcases well-known brands.
The city of Haikou in the subtropical island of Hainan - positioned by Beijing as a major Chinese consumption and tourism hub - will hold the inaugural consumer goods expo from May 7-10.
Besides domestic products, the expo will showcase consumer brands from 69 countries and regions including Japan, Britain and the United States, with over 10,000 merchandisers and more than 200,000 visitors anticipated.
Global brands such as Swatch UHR.S, Shiseido 4911.T, Dell DELL.N and Tesla TSLA.O have confirmed their participation in the expo, according to Chinese state media.
(Reporting by Yew Lun Tian and Ryan Woo; Editing by David Evans and Muralikumar Anantharaman)
((LunTian.Yew@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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Global brands such as Swatch UHR.S, Shiseido 4911.T, Dell DELL.N and Tesla TSLA.O have confirmed their participation in the expo, according to Chinese state media. Expanding domestic consumption is a priority in China's "dual circulation" economic strategy first highlighted by President Xi Jinping in May, which also called for a reduced dependence on foreign markets. As China enters a five-day Labour Day holiday, it will kick off the month-long spending campaign on May 1 in Shanghai with activities including a car show, Gao Feng, a commerce ministry spokesman, told a press conference on Sunday.
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Global brands such as Swatch UHR.S, Shiseido 4911.T, Dell DELL.N and Tesla TSLA.O have confirmed their participation in the expo, according to Chinese state media. By Yew Lun Tian and Ryan Woo BEIJING, April 25 (Reuters) - China will launch a series of promotional activities, including a new consumer goods expo in southern Hainan province, in May to boost spending as the Chinese retail sector recovers from COVID-19-induced consumer caution. Besides domestic products, the expo will showcase consumer brands from 69 countries and regions including Japan, Britain and the United States, with over 10,000 merchandisers and more than 200,000 visitors anticipated.
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Global brands such as Swatch UHR.S, Shiseido 4911.T, Dell DELL.N and Tesla TSLA.O have confirmed their participation in the expo, according to Chinese state media. By Yew Lun Tian and Ryan Woo BEIJING, April 25 (Reuters) - China will launch a series of promotional activities, including a new consumer goods expo in southern Hainan province, in May to boost spending as the Chinese retail sector recovers from COVID-19-induced consumer caution. Events planned in other cities include a food fair in Yangzhou city in eastern Jiangsu province from Thursday and a fair from May 12 in Guangzhou in southern Guangdong province that showcases well-known brands.
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Global brands such as Swatch UHR.S, Shiseido 4911.T, Dell DELL.N and Tesla TSLA.O have confirmed their participation in the expo, according to Chinese state media. By Yew Lun Tian and Ryan Woo BEIJING, April 25 (Reuters) - China will launch a series of promotional activities, including a new consumer goods expo in southern Hainan province, in May to boost spending as the Chinese retail sector recovers from COVID-19-induced consumer caution. Expanding domestic consumption is a priority in China's "dual circulation" economic strategy first highlighted by President Xi Jinping in May, which also called for a reduced dependence on foreign markets.
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c2615247-c49a-4ee4-8651-43fc248c0462
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726002.0
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2021-04-23 00:00:00 UTC
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Best Semiconductor Stocks To Buy In April? 4 Names To Know
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DELL
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https://www.nasdaq.com/articles/best-semiconductor-stocks-to-buy-in-april-4-names-to-know-2021-04-23
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nan
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nan
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Top Semiconductor Stocks To Watch During The Global Chip Shortage
2020 has been a banner year for semiconductor stocks in the stock market. But if you thought things would simmer down this year, think again. This is despite the chip shortages that’s been occurring globally. For the most part, the performance of chip stocks in the stock market has been nothing short of impressive. As demand remains strong for chips, things remain bright for this high-flying sector. This is because almost everything we use today is powered by semiconductors. While the global shortages of chips may be a disaster for many industries today, it also highlighted how dependent industries are on semiconductor companies to further digitization.
For instance, the rising popularity of cryptocurrencies such as Bitcoin has resulted in shortages of graphic cards as miners buy them in bulk. To cope with the rising demand, NVIDIA Corporation (NASDAQ: NVDA) had specifically come up with a new graphic processing unit (GPU). The company’s new GPU is a cryptocurrency mining processor. As the name suggests, it is specifically made for crypto miners.
Considering the hype of cryptocurrencies in the market these days, it’s safe to say that the cryptocurrency mining craze isn’t going away anytime soon. Recently, the rise in popularity of Chia Coin, a brand-new cryptocurrency that relies on storage for mining, could cause a shortage in solid-state drives (SSDs) and hard-disk drives (HDDs) across the globe. Even though Chia isn’t available for trading yet, miners in China are already mass purchasing SSDs and hard drives. The major reason behind the increased interest in Chia Coin is to make a more environmentally-friendly cryptocurrency. That said, the surge of demand for these products is likely to bode well for the companies manufacturing them. With all these in mind, do you have this list of top semiconductor stocks to buy in thestock market today
Best Semiconductor Stocks To Watch In April
Seagate Technology Plc (NASDAQ: STX)
Western Digital Corp (NASDAQ: WDC)
Micron Technology Inc (NASDAQ: MU)
Dell Technologies Inc (NYSE: DELL)
Seagate Technology PLC
First up, we will be looking at Seagate Technology PLC. The company specializes in electronic data storage technology and solutions. Its principal products are HDDs. As some of you may be aware, the company will be reporting its fiscal third-quarter 2021 financials after the closing bell today. The company’s stock price has risen over 60% over the past year. With the increasing demand for HDDs and SSDs for Chia coin, could Seagate continue to benefit?
Source: TD Ameritrade TOS
In March, Seagate launched an on-demand mass data transfer service for enterprises known as “Lyve”. In detail, Lyve serves to transfer large quantities of data across servers. “With only a fraction of enterprise data being put to work due to economics and storage complexities, Seagate has simplified how mass capacity data is securely captured, aggregated, transported, and managed,” said Jeff Fochtman, senior vice president of marketing. With such exciting developments, would you consider buying STX stock?
[Read More] Arrival Vs Lucid Motors: Which Of These Electric Vehicle Stocks Is A Better Buy?
Western Digital Corp
Another company on our radar would be Western Digital. The company is a developer, manufacturer, and provider of data storage devices and solutions. Needless to say, this is a major infrastructure that enables the proliferation of data in many other industries. The company is known for its HDDs, NAND flash-based storage devices, SSDs, and enterprise storage platforms. Ahead of its earnings release on April 29, WDC stock received an upgrade from Susquehanna Financial Group analyst Mehdi Hosseini. In particular, he raised his price target from $100 to $124 on Monday, on expectations of higher profits.
Source: TD Ameritrade TOS
In March, there were reports of Western Digital exploring a possible deal to acquire Japanese Chipmaker Kioxia Holding Corps. For those unfamiliar, Kioxia, formerly part of Toshiba, is the second-largest maker of NAND flash memory which is used in storage. Fewer players in the industry would mean better pricing power and more disciplined spending. Could Western Digital be eyeing to be the largest maker of NAND flash memory? Of course, it is worth pointing out that this is only a rumor at this point in time. Nevertheless, with digital memory storage hardware demand on the rise, would you be watching WDC stock?
Read More
Top Cyclical Stocks Worth Investing In? 4 To Consider
Best Stocks To Buy Right Now? 4 Tech Stocks To Know
Micron Technology, Inc
Next up, we have another semiconductor giant, Micron. In detail, the company designs manufactures and sells memory and storage products worldwide. Its memory technology is also used in various applications such as 5G, automotive, mobile, and networking. For the past year, MU stock was among the top performers in the stock market, has doubled during this period.
Source: TD Ameritrade TOS
In late March, Micron reported its financials for the quarter ended March 4, 2021. Its revenues came in 30% higher to $6.24 billion. On top of that, its net income increased 49% to $603 million. Micron also provided revenue guidance of $7.1 billion for the coming quarter, representing sequential growth of nearly 14%. This reflects the company’s continuous growth and rapidly improving market conditions. Furthermore, the company is confident it will benefit from the expansion of secular growth areas of technology, including 5G, AI, data centers, and more. Considering all these, do you think MU stock has a long growth runway ahead?
[Read More] Are These The Best Airline Stocks To Buy Amid The Positive Vaccine News?
Dell Technologies Inc
I know what you are thinking. Dell isn’t exactly a semiconductor stock. You would probably know it for its desktops, notebooks, and tablets. In addition, it also has an Enterprise Solution Group (ESG) segment that includes servers, networking, and storage. DELL stock has seen an increase of over 150% in the past year. This is likely due to the increased demand for computers during the pandemic. After all, more people are working and learning from home before the economy reopens fully.
Source: TD Ameritrade TOS
Last week, Dell announced its plan to spin off its majority stake in VMware (NYSE: VMW). Proceeds from the sale would bolster Dell’s financial position. Thus, it is not surprising why investors are cheering on the news. In February, the company announced its financials for the fiscal year ended January 29, 2021. Full-year revenue was a record $94.2 billion, an increase of 2% over the prior year. Also, Dell generated a record operating income of $5.1 billion. This is a staggering 96% rise over the prior year. In the fourth quarter itself, the company generated an operating income of $2.2 billion, a 204% increase over the same period last year. Safe to say, the company appears to be moving in the right direction as its products continue to be in demand. With all that in mind, do you think DELL stock can continue its recent momentum?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With all these in mind, do you have this list of top semiconductor stocks to buy in thestock market today Best Semiconductor Stocks To Watch In April Seagate Technology Plc (NASDAQ: STX) Western Digital Corp (NASDAQ: WDC) Micron Technology Inc (NASDAQ: MU) Dell Technologies Inc (NYSE: DELL) Seagate Technology PLC First up, we will be looking at Seagate Technology PLC. Dell Technologies Inc I know what you are thinking. Dell isn’t exactly a semiconductor stock.
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With all these in mind, do you have this list of top semiconductor stocks to buy in thestock market today Best Semiconductor Stocks To Watch In April Seagate Technology Plc (NASDAQ: STX) Western Digital Corp (NASDAQ: WDC) Micron Technology Inc (NASDAQ: MU) Dell Technologies Inc (NYSE: DELL) Seagate Technology PLC First up, we will be looking at Seagate Technology PLC. Dell Technologies Inc I know what you are thinking. Dell isn’t exactly a semiconductor stock.
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With all these in mind, do you have this list of top semiconductor stocks to buy in thestock market today Best Semiconductor Stocks To Watch In April Seagate Technology Plc (NASDAQ: STX) Western Digital Corp (NASDAQ: WDC) Micron Technology Inc (NASDAQ: MU) Dell Technologies Inc (NYSE: DELL) Seagate Technology PLC First up, we will be looking at Seagate Technology PLC. Dell Technologies Inc I know what you are thinking. Dell isn’t exactly a semiconductor stock.
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With all these in mind, do you have this list of top semiconductor stocks to buy in thestock market today Best Semiconductor Stocks To Watch In April Seagate Technology Plc (NASDAQ: STX) Western Digital Corp (NASDAQ: WDC) Micron Technology Inc (NASDAQ: MU) Dell Technologies Inc (NYSE: DELL) Seagate Technology PLC First up, we will be looking at Seagate Technology PLC. DELL stock has seen an increase of over 150% in the past year. Dell Technologies Inc I know what you are thinking.
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b8fa969c-c125-4ad2-9a80-c063ca840e07
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726003.0
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2021-04-19 00:00:00 UTC
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DELL Crosses Above Average Analyst Target
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DELL
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https://www.nasdaq.com/articles/dell-crosses-above-average-analyst-target-2021-04-19
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nan
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nan
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $100.64, changing hands for $101.42/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $54.00. And then on the other side of the spectrum one analyst has a target as high as $120.00. The standard deviation is $21.814.
But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $100.64/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $100.64 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
RECENT DELL ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 8 8 8 7
Buy ratings: 2 2 2 2
Hold ratings: 1 1 1 1
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.36 1.36 1.36 1.4
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DELL — FREE.
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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But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $100.64/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $100.64 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $100.64, changing hands for $101.42/share. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average.
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There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $100.64/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $100.64 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $100.64, changing hands for $101.42/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $100.64, changing hands for $101.42/share. There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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51f2a99e-c7b0-4272-bbfc-1c4d470b5525
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726004.0
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2021-04-19 00:00:00 UTC
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Dell Surges on VMware Spinoff Announcement: Here's Why It Can Go Even Higher
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DELL
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https://www.nasdaq.com/articles/dell-surges-on-vmware-spinoff-announcement%3A-heres-why-it-can-go-even-higher-2021-04-19
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nan
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nan
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Shares of Dell Technologies (NYSE: DELL) and VMWare (NYSE: VMW) rocketed higher last week, after Dell management confirmed it would in fact be spinning off its 80.6% stake in VMWare later this year. This move has been telegraphed since last summer, but the confirmation -- as well as more detail on the terms of the spinoff -- boosted shares of both stocks.
Dell has been faced with a pesky conglomerate discount, so separating the two companies will force investors to assess each separately. Since core Dell and VMWare are likely worth much more separately than they were being valued together, the spin should create substantial value for shareholders.
Yet despite last week's 10% surge over Thursday and Friday, as well as Dell's 38% return year to date, it appears the stock could run even higher.
Image source: Getty Images.
The deal
The spinoff will probably occur after September, pending confirmation from the IRS. September would mark the five-year anniversary of Dell's 2016 acquisition of EMC, so the spinoff would become tax-free at that point. Dell and VMware will still collaborate on certain go-to-market offerings together, as they did when Dell owned a majority of VMware, but that will now be done through a commercial agreement.
An important part of the deal, VMware will pay a gigantic $11.5 billion to $12 billion special dividend to all shareholders, meaning Dell will take in anywhere from $9.3 billion to $9.7 billion based on its ownership stake. VMWare is a relatively stable and profitable software growth stock, so it shouldn't have too much trouble handling the debt load. Last year, VMWare made about $3.6 billion in operating income.
That money will go a long way toward paying down Dell's massive debt load, which has been a concern for investors. Even when stripping out Dell Financial Services debt (which helps underwrite customer financing for Dell's products), Dell still had $29 billion in other debt, which currently trades below investment-grade ratings. However, post-spin, Dell will have just $17 billion to $17.5 billion in debt, which is much more manageable. Ratings agency Fitch has stated it anticipates upgrading Dell to an investment grade rating after the spinoff.
Even after the spin surge, Dell still looks cheap
Even though VMware will be saddled with debt, its stock rose on the news, likely due to the clarity the spinoff presents. As of now, VMware currently has a market capitalization of $68.75 billion. With Dell owning 80.6% of that, its VMware stake would theoretically be worth $55.41 billion. Today, Dell is trading at a total market cap of $77.35 billion, meaning the non-VMware portion of Dell is currently valued at $21.9 billion.
The non-VMware parts of Dell -- consisting mainly of enterprise servers and consumer desktops and laptops -- made over $7 billion in adjusted (non-GAAP) operating earnings each of the past two years.
So, even after the announcement and the stock's increase, "core" Dell is trading just over three times operating earnings. That's pretty cheap, especially since Dell will have a much lower debt burden post-spin. By comparison, rival Hewlett Packard Enterprise (NYSE: HPE) trades for about 10 times its non-GAAP operating earnings. If Dell were to trade closer to HP's multiple of operating earnings, its stock would trade over 50% higher.
I don't see why Dell should trade at that big of a discount, especially since last year's pandmic-inspired boom in laptop sales appears to be sustaining its strength into 2021. As such, I still don't think it's too late to buy into Dell's spinoff story, even at these higher levels.
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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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Even after the spin surge, Dell still looks cheap Even though VMware will be saddled with debt, its stock rose on the news, likely due to the clarity the spinoff presents. The non-VMware parts of Dell -- consisting mainly of enterprise servers and consumer desktops and laptops -- made over $7 billion in adjusted (non-GAAP) operating earnings each of the past two years. I don't see why Dell should trade at that big of a discount, especially since last year's pandmic-inspired boom in laptop sales appears to be sustaining its strength into 2021.
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Shares of Dell Technologies (NYSE: DELL) and VMWare (NYSE: VMW) rocketed higher last week, after Dell management confirmed it would in fact be spinning off its 80.6% stake in VMWare later this year. So, even after the announcement and the stock's increase, "core" Dell is trading just over three times operating earnings. Dell has been faced with a pesky conglomerate discount, so separating the two companies will force investors to assess each separately.
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Shares of Dell Technologies (NYSE: DELL) and VMWare (NYSE: VMW) rocketed higher last week, after Dell management confirmed it would in fact be spinning off its 80.6% stake in VMWare later this year. An important part of the deal, VMware will pay a gigantic $11.5 billion to $12 billion special dividend to all shareholders, meaning Dell will take in anywhere from $9.3 billion to $9.7 billion based on its ownership stake. Even when stripping out Dell Financial Services debt (which helps underwrite customer financing for Dell's products), Dell still had $29 billion in other debt, which currently trades below investment-grade ratings.
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Shares of Dell Technologies (NYSE: DELL) and VMWare (NYSE: VMW) rocketed higher last week, after Dell management confirmed it would in fact be spinning off its 80.6% stake in VMWare later this year. However, post-spin, Dell will have just $17 billion to $17.5 billion in debt, which is much more manageable. Dell has been faced with a pesky conglomerate discount, so separating the two companies will force investors to assess each separately.
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65c276ce-a23c-412c-98ad-8c9fe2a2f92e
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726005.0
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2021-04-15 00:00:00 UTC
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Dell shares rise on plans to spin off top-performing VMware unit
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DELL
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https://www.nasdaq.com/articles/dell-shares-rise-on-plans-to-spin-off-top-performing-vmware-unit-2021-04-15
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nan
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nan
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April 15 (Reuters) - Shares of Dell DELL.N rose nearly 8% in premarket on Thursday, a day after the PC maker 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.
The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC.
Wall street analysts saw benefits in the spinoff, but some also raised long-term concerns about company's core business.
"Our underlying concerns remain on the longer-term positioning of 'core' Dell," Credit Suisse analysts wrote in a note.
VMware, currently Dell's best-performing unit, can now strike more partnerships with major cloud computing providers including Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O, which are also the parent company's primary technology competitors.
The unit has benefited from companies shifting to the cloud during the COVID-19 pandemic.
Through the spinoff, VMware's share structure will be simplified and that could permit the inclusion of VMware and Dell into the S&P 500 index .SPX, J.P. Morgan analyst Paul Coster said in a note
"The spinoff likely eliminates the 'conglomerate discount' that applied to Dell's VMware stake," Coster added.
Dell is also exploring options including a potential sale of its cloud business Boomi, which could be valued at up to $3 billion, Bloomberg News reported on Wednesday. (https://bloom.bg/3gdgL9C)
Three brokerages raised their price targets on Dell's stock to between $95 to $120 on Thursday. The median price target on the stock is $98, according to data from Refinitiv.
Thirteen brokerages had a "buy" rating or higher on Dell, while eight had "hold".
Dell shares were up 7.9% at $100 in premarket trading, while VMware's stock gained 2.4% at $159.
(Reporting by Chavi Mehta and Subrat Patnaik in Bengaluru; Editing by Amy Caren Daniel)
((Chavi.Mehta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC. VMware, currently Dell's best-performing unit, can now strike more partnerships with major cloud computing providers including Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O, which are also the parent company's primary technology competitors. Dell is also exploring options including a potential sale of its cloud business Boomi, which could be valued at up to $3 billion, Bloomberg News reported on Wednesday.
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April 15 (Reuters) - Shares of Dell DELL.N rose nearly 8% in premarket on Thursday, a day after the PC maker 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. (https://bloom.bg/3gdgL9C) Three brokerages raised their price targets on Dell's stock to between $95 to $120 on Thursday. The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC.
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April 15 (Reuters) - Shares of Dell DELL.N rose nearly 8% in premarket on Thursday, a day after the PC maker 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. VMware, currently Dell's best-performing unit, can now strike more partnerships with major cloud computing providers including Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O, which are also the parent company's primary technology competitors. Through the spinoff, VMware's share structure will be simplified and that could permit the inclusion of VMware and Dell into the S&P 500 index .SPX, J.P. Morgan analyst Paul Coster said in a note "The spinoff likely eliminates the 'conglomerate discount' that applied to Dell's VMware stake," Coster added.
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(https://bloom.bg/3gdgL9C) Three brokerages raised their price targets on Dell's stock to between $95 to $120 on Thursday. Dell shares were up 7.9% at $100 in premarket trading, while VMware's stock gained 2.4% at $159. April 15 (Reuters) - Shares of Dell DELL.N rose nearly 8% in premarket on Thursday, a day after the PC maker 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.
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6fdf54b3-e85c-4d28-a46b-2962bf25a91c
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726006.0
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2021-04-15 00:00:00 UTC
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Technology Sector Update for 04/15/2021: DELL,VMW,TWTR,MAXN
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-04-15-2021%3A-dellvmwtwtrmaxn-2021-04-15
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nan
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nan
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Technology stocks were lifting broader markets Thursday with the SPDR Technology Select Sector ETF and Philadelphia Semiconductor Index each 1.5% higher in afternoon trading.
In company news, Dell Technologies (DELL) rose 8.7% after saying late Wednesday that it will spin-off its 81% equity stake in VMware (VMW) by the end of the year, creating two stand-alone companies. VMWare shares were 4% higher.
Twitter (TWTR) climbed 2.5% after Cowen Thursday raised its price target for the company's shares by $10 to $68 each and reiterated a market perform rating for the stock.
Maxeon Solar Technologies (MAXN) slid over 12% after announcing plans for a $125 million public offering of ordinary shares in addition to selling 1.5 million to 1.9 million shares to an affiliate of Tianjin Zhonghuan Semiconductor at the samme price as the offering.
The views and 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 company news, Dell Technologies (DELL) rose 8.7% after saying late Wednesday that it will spin-off its 81% equity stake in VMware (VMW) by the end of the year, creating two stand-alone companies. Technology stocks were lifting broader markets Thursday with the SPDR Technology Select Sector ETF and Philadelphia Semiconductor Index each 1.5% higher in afternoon trading. Twitter (TWTR) climbed 2.5% after Cowen Thursday raised its price target for the company's shares by $10 to $68 each and reiterated a market perform rating for the stock.
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In company news, Dell Technologies (DELL) rose 8.7% after saying late Wednesday that it will spin-off its 81% equity stake in VMware (VMW) by the end of the year, creating two stand-alone companies. Technology stocks were lifting broader markets Thursday with the SPDR Technology Select Sector ETF and Philadelphia Semiconductor Index each 1.5% higher in afternoon trading. VMWare shares were 4% higher.
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In company news, Dell Technologies (DELL) rose 8.7% after saying late Wednesday that it will spin-off its 81% equity stake in VMware (VMW) by the end of the year, creating two stand-alone companies. Technology stocks were lifting broader markets Thursday with the SPDR Technology Select Sector ETF and Philadelphia Semiconductor Index each 1.5% higher in afternoon trading. Maxeon Solar Technologies (MAXN) slid over 12% after announcing plans for a $125 million public offering of ordinary shares in addition to selling 1.5 million to 1.9 million shares to an affiliate of Tianjin Zhonghuan Semiconductor at the samme price as the offering.
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In company news, Dell Technologies (DELL) rose 8.7% after saying late Wednesday that it will spin-off its 81% equity stake in VMware (VMW) by the end of the year, creating two stand-alone companies. Technology stocks were lifting broader markets Thursday with the SPDR Technology Select Sector ETF and Philadelphia Semiconductor Index each 1.5% higher in afternoon trading. Maxeon Solar Technologies (MAXN) slid over 12% after announcing plans for a $125 million public offering of ordinary shares in addition to selling 1.5 million to 1.9 million shares to an affiliate of Tianjin Zhonghuan Semiconductor at the samme price as the offering.
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bafd2c06-3f42-4bdb-a467-6572694f5d88
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726007.0
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2021-04-15 00:00:00 UTC
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SYSX Stock: Reverse Merger With Largest Ethereum Mining Company Sends Sysorex Soaring
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DELL
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https://www.nasdaq.com/articles/sysx-stock%3A-reverse-merger-with-largest-ethereum-mining-company-sends-sysorex-soaring-2021
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Sysorex (OTCMKTS:SYSX) stock is rocketing higher on Thursday after announcing a reverse triangular merger with TTM Digital Assets & Technologies.
Source: Shutterstock
This means that Sysorex will become the largest publicly traded Ethereum (CCC:ETH-USD) mining company in the U.S. That’s a major change compared to its data services, which were the focus of its business before this reverse merger.
However, Sysorex won’t be leaving its legacy business behind. Instead, it will operate as the wholly-owned subsidiary Sysorex Government Services. This will have it providing “network performance, secure wireless access and cybersecurity products to the U.S. Government”
Wayne Wasserberg, the new CEO of TTM Digital Assets & Technologies, said the following about the news boosting SYSX stock up.
“Given our strong position within the cryptocurrency industry and deep relationships with the leading manufactures of GPUs and application-specific integrated circuits (ASICs), we can expand to the mining of Bitcoin and other cryptocurrencies in the future. However, our current mindset is that Ethereum holds several advantages over Bitcoin.”
10 Stocks at the Heart of Good Retirement Portfolios
News of the reverse merger didn’t just help out SYSX stock today. Inpixon (NASDAQ:INPX) also jumped on the news. That’s due to the company converting a note from Sysorex for $9 million. That note nets it more than $17 million worth of SYSX stock. News of the note being converted to SYSX stock also pushed shares of INPX stock higher today.
SYSX stock is seeing heavy trading on today’s news. As of this writing, more than 500,000 shares of the stock have changed hands. That’s quite the increase over the company’s daily average trading volume of roughly 72,000 shares.
SYSX stock was up 30.6% and INPX stock was up 8.6% as of Thursday morning. SYSX stock is also up 2,365% since the start of the year.
Investors that are hungry for morestock market news todayare about to have their appetite sated.
InvestorPlace.com covers a wide variety of stocks making major movements every day and today is no different. Some of the big movers today are Kaixin Auto Holdings (NASDAQ:KXIN), Dell Technologies (NYSE:DELL), and a handful of penny stocks. Investors can learn more about these below.
More Thursday Stock Market News
KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring
DELL Stock: The VMware Spinoff News Boosting Dell Today
5 Reddit Penny Stocks Seeing the Most Chatter Thursday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post SYSX Stock: Reverse Merger With Largest Ethereum Mining Company Sends Sysorex Soaring 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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Some of the big movers today are Kaixin Auto Holdings (NASDAQ:KXIN), Dell Technologies (NYSE:DELL), and a handful of penny stocks. More Thursday Stock Market News KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring DELL Stock: The VMware Spinoff News Boosting Dell Today 5 Reddit Penny Stocks Seeing the Most Chatter Thursday On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Source: Shutterstock This means that Sysorex will become the largest publicly traded Ethereum (CCC:ETH-USD) mining company in the U.S. That’s a major change compared to its data services, which were the focus of its business before this reverse merger.
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Some of the big movers today are Kaixin Auto Holdings (NASDAQ:KXIN), Dell Technologies (NYSE:DELL), and a handful of penny stocks. More Thursday Stock Market News KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring DELL Stock: The VMware Spinoff News Boosting Dell Today 5 Reddit Penny Stocks Seeing the Most Chatter Thursday On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sysorex (OTCMKTS:SYSX) stock is rocketing higher on Thursday after announcing a reverse triangular merger with TTM Digital Assets & Technologies.
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More Thursday Stock Market News KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring DELL Stock: The VMware Spinoff News Boosting Dell Today 5 Reddit Penny Stocks Seeing the Most Chatter Thursday On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Some of the big movers today are Kaixin Auto Holdings (NASDAQ:KXIN), Dell Technologies (NYSE:DELL), and a handful of penny stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sysorex (OTCMKTS:SYSX) stock is rocketing higher on Thursday after announcing a reverse triangular merger with TTM Digital Assets & Technologies.
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Some of the big movers today are Kaixin Auto Holdings (NASDAQ:KXIN), Dell Technologies (NYSE:DELL), and a handful of penny stocks. More Thursday Stock Market News KXIN Stock: The Big Acquisition News That Has Kaixin Auto Soaring DELL Stock: The VMware Spinoff News Boosting Dell Today 5 Reddit Penny Stocks Seeing the Most Chatter Thursday On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sysorex (OTCMKTS:SYSX) stock is rocketing higher on Thursday after announcing a reverse triangular merger with TTM Digital Assets & Technologies.
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9fe507bb-b782-4b0c-a585-1701a454bb66
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726008.0
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2021-04-15 00:00:00 UTC
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First Week of October 15th Options Trading For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/first-week-of-october-15th-options-trading-for-dell-technologies-2021-04-15
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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 October 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 183 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 October 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $50.00 strike price has a current bid of 15 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $50.00, but will also collect the premium, putting the cost basis of the shares at $49.85 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $98.47/share today.
Because the $50.00 strike represents an approximate 49% 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 100%. 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 0.30% return on the cash commitment, or 0.60% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $50.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $100.00 strike price has a current bid of $7.50. If an investor was to purchase shares of DELL stock at the current price level of $98.47/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 9.17% if the stock gets called away at the October 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DELL shares really soar, which is why looking at the trailing twelve month trading history for Dell Technologies Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DELL's trailing twelve month trading history, with the $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 47%. 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 7.62% boost of extra return to the investor, or 15.19% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 86%, while the implied volatility in the call contract example is 38%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $98.47) to be 35%. 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 October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DELL's trailing twelve month trading history, with the $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 October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Dell Technologies Inc, and highlighting in green where the $50.00 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 $7.50. 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 October 15th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new October 15th contracts and identified one put and one call contract of particular interest. Below is a chart showing DELL's trailing twelve month trading history, with the $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 October 15th expiration.
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7f074c6b-3b0f-495c-98d8-8b93032af96b
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726009.0
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2021-04-15 00:00:00 UTC
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US STOCKS-S&P 500, Dow hit record highs on upbeat earnings, strong retail sales
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DELL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-hit-record-highs-on-upbeat-earnings-strong-retail-sales-2021-04-15
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nan
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nan
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By Shivani Kumaresan and Shreyashi Sanyal
April 15 (Reuters) - The S&P 500 and the Dow Jones indexes notched record highs on Thursday as upbeat earnings reports from several companies and a strong rebound in March retail sales bolstered hopes of a broader economic rebound.
Coupled with rapid vaccinations and hopes of a return to normal, the upbeat data provided another opportunity for investors to pile into high-flying technology stocks that took a beating recently.
Apple Inc AAPL.O, Microsoft Corp MSFT.O Facebook Inc FB.O and Amazon.com Inc AMZN.O rose between 1.1% and 2.0%, taking the S&P technology sector .SPLRCT to the top of pack in early trading.
Both Bank of America BAC.N and Citigroup offered optimistic views on an economic rebound, but shares of America's second-biggest lender fell 4% after it posted a profit that just about topped estimates. Citi's shares were 0.3% higher.
Top U.S. banks kicked off first-quarter reporting season on Wednesday, with Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N posting bumper results.
"With equities lingering near a record, investors are looking to the earnings season for further catalysts," said Art Hogan, chief market strategist at National Securities in New York.
"Expectations of a strong profit rebound have helped markets rally, setting the bar high as reporting gets underway."
BlackRock Inc BLK.N, the world's largest asset manager, gained 2.3% after reporting a 16% jump in first-quarter profit, while PepsiCo Inc PEP.O edged 0.5% higher after it forecast a pickup in organic revenue growth in the second quarter.
The recent pullback in U.S. bond yields and the Federal Reserve's reassurance on keeping interest rates low have led to renewed demand for growth stocks, which suffered sharp losses in recent weeks as rising yields raised concerns over their high valuations.
Further bolstering sentiment on Thursday, data showed retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government, while jobless claims fell more than expected to 576,000 last week.
The newly-listed cryptocurrency exchange Coinbase COIN.O added 2.4%, a day after going public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
At 09:57 a.m. ET the Dow Jones Industrial Average .DJI was up 219.43 points, or 0.65%, at 33,950.32, the S&P 500 .SPX was up 30.34 points, or 0.74%, at 4,155.00 and the Nasdaq Composite .IXIC was up 139.87 points, or 1.01%, at 13,997.71.
Dell Technologies Inc DELL.N jumped 5.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies.
Advancing issues outnumbered decliners by a 1.62-to-1 ratio on the NYSE and by a 1.46-to-1 ratio on the Nasdaq.
The S&P index recorded 30 new 52-week highs and no new lows, while the Nasdaq recorded 53 new highs and 8 new lows.
(Reporting by Shivani Kumaresan and Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur and Saumyadeb Chakrabarty)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
The views and 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 jumped 5.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. Coupled with rapid vaccinations and hopes of a return to normal, the upbeat data provided another opportunity for investors to pile into high-flying technology stocks that took a beating recently. BlackRock Inc BLK.N, the world's largest asset manager, gained 2.3% after reporting a 16% jump in first-quarter profit, while PepsiCo Inc PEP.O edged 0.5% higher after it forecast a pickup in organic revenue growth in the second quarter.
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Dell Technologies Inc DELL.N jumped 5.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - The S&P 500 and the Dow Jones indexes notched record highs on Thursday as upbeat earnings reports from several companies and a strong rebound in March retail sales bolstered hopes of a broader economic rebound. Both Bank of America BAC.N and Citigroup offered optimistic views on an economic rebound, but shares of America's second-biggest lender fell 4% after it posted a profit that just about topped estimates.
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Dell Technologies Inc DELL.N jumped 5.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - The S&P 500 and the Dow Jones indexes notched record highs on Thursday as upbeat earnings reports from several companies and a strong rebound in March retail sales bolstered hopes of a broader economic rebound. The recent pullback in U.S. bond yields and the Federal Reserve's reassurance on keeping interest rates low have led to renewed demand for growth stocks, which suffered sharp losses in recent weeks as rising yields raised concerns over their high valuations.
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Dell Technologies Inc DELL.N jumped 5.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - The S&P 500 and the Dow Jones indexes notched record highs on Thursday as upbeat earnings reports from several companies and a strong rebound in March retail sales bolstered hopes of a broader economic rebound. Both Bank of America BAC.N and Citigroup offered optimistic views on an economic rebound, but shares of America's second-biggest lender fell 4% after it posted a profit that just about topped estimates.
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b32cba16-a219-498f-b77e-3f4f80aafb6f
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726010.0
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2021-04-15 00:00:00 UTC
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Dell To Spin-Off 81% Stake In VMware; Shares Pop 8.5%
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DELL
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https://www.nasdaq.com/articles/dell-to-spin-off-81-stake-in-vmware-shares-pop-8.5-2021-04-15
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nan
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nan
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Dell Technologies' shares rose 8.5% in pre-market trading on April 15 as the company announced the spin-off of its approximately 81% equity stake in VMware. The spin-off will result in two standalone companies and the transaction is expected to close in the fourth quarter of this year. The spin-off is anticipated to unlock “significant value for stakeholders”.
Dell Technologies’ (DELL) Chairman and CEO, Michael Dell said, “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders. Both companies will remain important partners, providing Dell Technologies with a differentiated advantage in how we bring solutions to customers.”
“At the same time, Dell Technologies will continue to modernize its core infrastructure and PC businesses and embrace new opportunities through an open ecosystem to grow in hybrid and private cloud, edge and telecom,” Dell added.
The completion of the spin-off will result in Michael Dell remaining as Chairman and CEO of Dell Technologies and Chairman of VMware (VMW).
At the close of the transaction, VMW will pay out a special cash dividend ranging between $11.5 billion and $12 billion to all VMware and Dell shareholders. Based on DELL’s current 80.6% stake in VMW, the company will receive a payout of between $9.3 billion and $9.7 billion and intends to use the proceeds of the transaction to pay down debt. (See Dell Technologies stock analysis on TipRanks)
Shareholders of DELL will also receive 0.44 shares of VMW for each share of DELL held based on the number of shares outstanding as on April 14.
The spin-off is expected to strengthen DELL’s capital structure and its “leadership position in growing technology infrastructure and client markets”. DELL also foresees expanding into new growth areas of edge, 5G, hybrid cloud, telecom and data management.
Yesterday, Morgan Stanley analyst Kathryn Huberty reiterated a Buy rating and a price target of $107 on the stock. Huberty commented after hosting a webcast with Dell CSG segment President, Sam Burd, “The demand for flexible offerings is also driving a strong mix shift away from desktops and towards notebooks, which Sam noted have 1.5 yr shorter replacement cycles on average. The combination of these factors should drive a meaningful increase in the number of PCs per household, which in the US we estimate was 1.1 in 2020 based on historical consumer PC shipments.”
Overall, the Street is bullish on the stock with a Strong Buy consensus rating based on 8 Buys and 2 Holds. The average analyst price target of $93.40 implies that the stock is fully priced at current levels.
Related News:
Bed Bath & Beyond Reports Mixed 4Q Results; Street Says Hold
American Eagle On Track To $1B Sales In 1Q; Shares Up 5.5%
Gilead’s Bladder Cancer Drug Trodelvy Gets FDA Nod
The views and 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' shares rose 8.5% in pre-market trading on April 15 as the company announced the spin-off of its approximately 81% equity stake in VMware. The spin-off is expected to strengthen DELL’s capital structure and its “leadership position in growing technology infrastructure and client markets”. Dell Technologies’ (DELL) Chairman and CEO, Michael Dell said, “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders.
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Dell Technologies’ (DELL) Chairman and CEO, Michael Dell said, “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders. The completion of the spin-off will result in Michael Dell remaining as Chairman and CEO of Dell Technologies and Chairman of VMware (VMW). (See Dell Technologies stock analysis on TipRanks) Shareholders of DELL will also receive 0.44 shares of VMW for each share of DELL held based on the number of shares outstanding as on April 14.
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Dell Technologies’ (DELL) Chairman and CEO, Michael Dell said, “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders. Both companies will remain important partners, providing Dell Technologies with a differentiated advantage in how we bring solutions to customers.” “At the same time, Dell Technologies will continue to modernize its core infrastructure and PC businesses and embrace new opportunities through an open ecosystem to grow in hybrid and private cloud, edge and telecom,” Dell added. (See Dell Technologies stock analysis on TipRanks) Shareholders of DELL will also receive 0.44 shares of VMW for each share of DELL held based on the number of shares outstanding as on April 14.
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Dell Technologies’ (DELL) Chairman and CEO, Michael Dell said, “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders. Both companies will remain important partners, providing Dell Technologies with a differentiated advantage in how we bring solutions to customers.” “At the same time, Dell Technologies will continue to modernize its core infrastructure and PC businesses and embrace new opportunities through an open ecosystem to grow in hybrid and private cloud, edge and telecom,” Dell added. Dell Technologies' shares rose 8.5% in pre-market trading on April 15 as the company announced the spin-off of its approximately 81% equity stake in VMware.
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9fead8a3-f9b1-4eb3-a6a1-51aa95f37e4b
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726011.0
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2021-04-15 00:00:00 UTC
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US STOCKS-Futures rise on solid corporate results, jobless claims data awaited
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DELL
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https://www.nasdaq.com/articles/us-stocks-futures-rise-on-solid-corporate-results-jobless-claims-data-awaited-2021-04-15
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nan
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By Shivani Kumaresan and Shreyashi Sanyal
April 15 (Reuters) - U.S. stock index futures rose on Thursday ahead of weekly jobless claims and retail sales data as positive earnings reports from companies including Bank of America and BlackRock bolstered hopes of a rebound in profit growth.
Bank of America Corp BAC.N rose 1.3% in premarket trading after reporting a jump in first-quarter profit that breezed past estimates as it released reserves it had set aside to cover potential coronavirus loan losses.
Top U.S. banks kicked off first-quarter reporting season on Wednesday, with Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N posting bumper results.
BlackRock Inc BLK.N, the world's largest asset manager, reported a 16% jump in first-quarter profit as investors poured more money into its diverse funds and fee revenue jumped.
Most high-flying technology stocks rebounded from a drop in the previous session, with Apple Inc AAPL.O, Microsoft Corp MSFT.O Facebook Inc FB.O and Amazon.com Inc AMZN.O rising between 0.5% and 1%.
The newly-listed cryptocurrency exchange Coinbase COIN.O jumped 8.8%, a day after going public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
Meanwhile, official data is likely to show the number of Americans filing new claims for jobless benefits slipped last week. It comes after the initial claims for state unemployment benefits increased unexpectedly by 16,000 in the previous week.
U.S. retail sales data for March is expected at 8.30 ET. Economists polled by Reuters forecast a 5.9% rise, month-on-month.
At 6:51 a.m. ET, Dow e-minis 1YMcv1 were up 158 points, or 0.47%, S&P 500 e-minis EScv1 were up 19.75 points, or 0.48%, and Nasdaq 100 e-minis NQcv1 were up 88.75 points, or 0.64%.
Dell Technologies Inc DELL.N rose 8.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies.
(Reporting by Shivani Kumaresan and Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
The views and 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 rose 8.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - U.S. stock index futures rose on Thursday ahead of weekly jobless claims and retail sales data as positive earnings reports from companies including Bank of America and BlackRock bolstered hopes of a rebound in profit growth. Bank of America Corp BAC.N rose 1.3% in premarket trading after reporting a jump in first-quarter profit that breezed past estimates as it released reserves it had set aside to cover potential coronavirus loan losses.
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Dell Technologies Inc DELL.N rose 8.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - U.S. stock index futures rose on Thursday ahead of weekly jobless claims and retail sales data as positive earnings reports from companies including Bank of America and BlackRock bolstered hopes of a rebound in profit growth. Bank of America Corp BAC.N rose 1.3% in premarket trading after reporting a jump in first-quarter profit that breezed past estimates as it released reserves it had set aside to cover potential coronavirus loan losses.
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Dell Technologies Inc DELL.N rose 8.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - U.S. stock index futures rose on Thursday ahead of weekly jobless claims and retail sales data as positive earnings reports from companies including Bank of America and BlackRock bolstered hopes of a rebound in profit growth. Bank of America Corp BAC.N rose 1.3% in premarket trading after reporting a jump in first-quarter profit that breezed past estimates as it released reserves it had set aside to cover potential coronavirus loan losses.
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Dell Technologies Inc DELL.N rose 8.5%, as brokerages Evercore and Credit Suisse raised price targets, after the company said it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. By Shivani Kumaresan and Shreyashi Sanyal April 15 (Reuters) - U.S. stock index futures rose on Thursday ahead of weekly jobless claims and retail sales data as positive earnings reports from companies including Bank of America and BlackRock bolstered hopes of a rebound in profit growth. Bank of America Corp BAC.N rose 1.3% in premarket trading after reporting a jump in first-quarter profit that breezed past estimates as it released reserves it had set aside to cover potential coronavirus loan losses.
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6109369b-9877-4e8c-8372-500aed3c8301
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726012.0
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2021-04-15 00:00:00 UTC
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Investors Cheering the Quiet Comeback of Dell Technologies
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DELL
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https://www.nasdaq.com/articles/investors-cheering-the-quiet-comeback-of-dell-technologies-2021-04-15
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Editor’s Note: This article was updated to include Dell’s announcement that it will spin off its 81% stake in VMware.
If you wanted to make big money in tech over the last year, buying a Cloud Czar like Amazon (NASDAQ:AMZN) or even Apple (NASDAQ:AAPL) was not the way to go. The play was Dell Technologies (NYSE:DELL). Over the last 12 months of trading DELL stock is up over 128%.
DELL) Technologies Display and Logo" width="300" height="169">
Source: Jonathan Weiss / Shutterstock.com
It closed yesterday at about $92.70. That’s a market cap of $70.7 billion, on 2021 sales of $94 billion. That’s also a price just two bucks below its 52-week high.
It may still have further to run. Its price-to-earnings ratio is under 22. There is no dividend yet, but net income of $4.22 for the year and free cash flow of $9.3 billion would justify it. So far, the only move to reward shareholders has been to buy back stock, $1.6 billion worth. Dell also retired $4.5 billion in debt during the year ending in January.
Another reason to buy is the pending spin-off of VMware (NYSE:VMW), announced late on April 14. VMware will need to borrow money to pay a special dividend to its shareholders, including Dell, which owns 81% of it. Dell’s part of the cash, about $9.5 billion, will be used to retire its debt. The two companies will remain closely linked for at least five years.
This morning, the shares are trading up 8% in premarket activity following the news.
How Dell Got Here
Those payments still left the tech firm with long-term debt of $43.4 billion, about $1.8 billion convertible into DELL stock, and a cash balance of $15 billion, up $5 billion from a year ago. The fortune of founder Michael Dell is now estimated to be worth $47.9 billion. Much of his fortune is now in a private investment firm called MSD Capital rather than Dell stock.
10 Stocks at the Heart of Good Retirement Portfolios
Dell is one of the last among the first generation of PC era founders still on the job, and he’s still just 56. He founded Dell in his University of Texas dorm room, assembling computers for other students.
The current company evolved from a complex set of transactions Dell made with Silver Lake, a private equity firm that now owns 29% of the company. Silver Lake took Dell private in 2013 billion, then bought EMC in 2015, along with its 81% stake in VMware. It returned to the public market in late 2018. The dealmaking left Dell with $67 billion in debt in early 2020, leading to rumors it would sell VMware.
After tightening its belt during the no-longer-novel-coronavirus pandemic, they finally took action yesterday.
Transition to Services
The layoffs helped Dell accelerate its move from hardware sales to subscription services. Dell Technologies on Demand is part of a market that will represent 15% of PC deployments in 2022, according to Gartner (NYSE:IT). The Dell Solution is also offered by its 2,000 partners.
The move should transform Dell’s income statement over time. Sales can be a seasonal business. Last year Dell had $5 billion more revenue in the Christmas quarter than in the March quarter. Subscriptions even that out. The risk is that when clients go under, Dell gets back used gear, which could prove a danger to its profitability unless it’s reflected in pricing up-front.
Dell still sells PCs. Its Inspiron laptops are priced as low as $300. Its servers use chips from Intel (NASDAQ:INTC), Advanced Micro Devices (NYSE:AMD) and Nvidia (NASDAQ:NVDA), and Dell is the leader in that market.
But the future focus is renting servers. Boeing (NYSE:BA) recently outsourced 600 jobs to Dell, and the company launched a back-up service aimed at companies using multiple clouds.
The Bottom Line on DELL Stock
The December quarter was great for Dell. Net income was $1.34 billion, $1.57 per share, on revenue of $26.11 billion. On a non-GAAP basis earnings were $2.70 a share, easily beating estimates of $2.14. DELL stock is up 16% since the earnings announcement.
Dell’s ability to thrive during the pandemic, and growing optimism over the global economy, now have analysts pounding the table for the stock. Of 10 analysts tracked by TipRanks, eight are saying buy it, even though their average price target is just 1.4% higher than its April 15 opening bid.
My guess is there are upgrades to come.
At the time of publication, Dana Blankenhorn directly owned shares in AMZN, AAPL, INTC and NVDA.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack newsletter.
The post Investors Cheering the Quiet Comeback of Dell Technologies 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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10 Stocks at the Heart of Good Retirement Portfolios Dell is one of the last among the first generation of PC era founders still on the job, and he’s still just 56. Dell’s ability to thrive during the pandemic, and growing optimism over the global economy, now have analysts pounding the table for the stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor’s Note: This article was updated to include Dell’s announcement that it will spin off its 81% stake in VMware.
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How Dell Got Here Those payments still left the tech firm with long-term debt of $43.4 billion, about $1.8 billion convertible into DELL stock, and a cash balance of $15 billion, up $5 billion from a year ago. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor’s Note: This article was updated to include Dell’s announcement that it will spin off its 81% stake in VMware. The play was Dell Technologies (NYSE:DELL).
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The play was Dell Technologies (NYSE:DELL). How Dell Got Here Those payments still left the tech firm with long-term debt of $43.4 billion, about $1.8 billion convertible into DELL stock, and a cash balance of $15 billion, up $5 billion from a year ago. The Bottom Line on DELL Stock The December quarter was great for Dell.
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The play was Dell Technologies (NYSE:DELL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor’s Note: This article was updated to include Dell’s announcement that it will spin off its 81% stake in VMware. Over the last 12 months of trading DELL stock is up over 128%.
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2eef95f7-3efd-4601-b661-41d82e93ec6b
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726013.0
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2021-04-15 00:00:00 UTC
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Technology Sector Update for 04/15/2021: DELL, VMW, VSH, TSM, XLK, SOXX
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-for-04-15-2021%3A-dell-vmw-vsh-tsm-xlk-soxx-2021-04-15
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nan
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nan
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Technology stocks were trading higher premarket Thursday. The Technology Select Sector SPDR ETF (XLK) and the iShares PHLX Semiconductor ETF (SOXX) were recently gaining almost 1% in value.
Dell Technologies (DELL) was climbing past 8% after announcing plans to spin-off its 81% stake in VMware (VMW), forming two standalone public companies.
Vishay Intertechnology (VSH) was rallying past 4% as the company raised its Q1 revenue guidance to approximately $765 million from previous guidance of $705 to $745 million.
Taiwan Semiconductor Manufacturing (TSM) was up more than 1% after it reported Q1 earnings of NT$5.39 per share, or $0.96 per American depositary receipt. A year ago, it posted EPS of NT$4.51. Analysts polled by Capital IQ projected EPS of NT$5.24, or $0.92 per ADR.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (DELL) was climbing past 8% after announcing plans to spin-off its 81% stake in VMware (VMW), forming two standalone public companies. Taiwan Semiconductor Manufacturing (TSM) was up more than 1% after it reported Q1 earnings of NT$5.39 per share, or $0.96 per American depositary receipt. Analysts polled by Capital IQ projected EPS of NT$5.24, or $0.92 per ADR.
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Dell Technologies (DELL) was climbing past 8% after announcing plans to spin-off its 81% stake in VMware (VMW), forming two standalone public companies. The Technology Select Sector SPDR ETF (XLK) and the iShares PHLX Semiconductor ETF (SOXX) were recently gaining almost 1% in value. Vishay Intertechnology (VSH) was rallying past 4% as the company raised its Q1 revenue guidance to approximately $765 million from previous guidance of $705 to $745 million.
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Dell Technologies (DELL) was climbing past 8% after announcing plans to spin-off its 81% stake in VMware (VMW), forming two standalone public companies. The Technology Select Sector SPDR ETF (XLK) and the iShares PHLX Semiconductor ETF (SOXX) were recently gaining almost 1% in value. Taiwan Semiconductor Manufacturing (TSM) was up more than 1% after it reported Q1 earnings of NT$5.39 per share, or $0.96 per American depositary receipt.
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Dell Technologies (DELL) was climbing past 8% after announcing plans to spin-off its 81% stake in VMware (VMW), forming two standalone public companies. Technology stocks were trading higher premarket Thursday. The Technology Select Sector SPDR ETF (XLK) and the iShares PHLX Semiconductor ETF (SOXX) were recently gaining almost 1% in value.
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baf2f1f0-d92a-497b-92eb-6067674d4a00
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726014.0
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2021-04-14 00:00:00 UTC
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Dell Technologies Gain 8% On Plan To Spin Off Its Stake In VMware
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DELL
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https://www.nasdaq.com/articles/dell-technologies-gain-8-on-plan-to-spin-off-its-stake-in-vmware-2021-04-14
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nan
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) jumped over 8% in extended trading session on Wednesday after the company announced its plans to spin off its stake in VMware Inc. (VMW). The transaction will create two publicly traded companies and raise cash to pay down debt.
VMware will distribute a special cash dividend of $11.5 billion to $12 billion to shareholders at the close of the deal, which is expected by the fourth quarter, Dell said in a statement. Dell, which owns 81% stake in Vmware, expects to receive about $9.3 billion to $9.7 billion from the transaction, and intends to use the proceeds to pay down debt.
"By spinning of VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders," said Michael Dell, chairman and chief executive officer Dell Technologies. "Both companies will remain important partners."
Vmware, which was founded in 1998, was acquired by EMC in 2004. Dell received EMC's holdings in the maker of data center software after it acquired EMC for $67 billion in 2016. Dell had previously said it was considering a spin of its VMware stake.
At the transaction closing, Dell Technologies shareholders would receive about 0.44 shares of VMware for each share of Dell Technologies that they hold.
Michael Dell would remain chairman and CEO of Dell Technologies, as well as chairman of the VMware board. Zane Rowe would remain interim VMware CEO. The VMware board would be unchanged.
DELL is currently trading at $92.70, up $0.17 or 0.18%, on the Nasdaq. The stock further rose $7.61 or 8.21% 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) - Shares of Dell Technologies Inc. (DELL) jumped over 8% in extended trading session on Wednesday after the company announced its plans to spin off its stake in VMware Inc. (VMW). VMware will distribute a special cash dividend of $11.5 billion to $12 billion to shareholders at the close of the deal, which is expected by the fourth quarter, Dell said in a statement. Dell, which owns 81% stake in Vmware, expects to receive about $9.3 billion to $9.7 billion from the transaction, and intends to use the proceeds to pay down debt.
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Dell, which owns 81% stake in Vmware, expects to receive about $9.3 billion to $9.7 billion from the transaction, and intends to use the proceeds to pay down debt. At the transaction closing, Dell Technologies shareholders would receive about 0.44 shares of VMware for each share of Dell Technologies that they hold. Michael Dell would remain chairman and CEO of Dell Technologies, as well as chairman of the VMware board.
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(RTTNews) - Shares of Dell Technologies Inc. (DELL) jumped over 8% in extended trading session on Wednesday after the company announced its plans to spin off its stake in VMware Inc. (VMW). "By spinning of VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders," said Michael Dell, chairman and chief executive officer Dell Technologies. At the transaction closing, Dell Technologies shareholders would receive about 0.44 shares of VMware for each share of Dell Technologies that they hold.
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At the transaction closing, Dell Technologies shareholders would receive about 0.44 shares of VMware for each share of Dell Technologies that they hold. Michael Dell would remain chairman and CEO of Dell Technologies, as well as chairman of the VMware board. DELL is currently trading at $92.70, up $0.17 or 0.18%, on the Nasdaq.
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54f87259-1fff-4ac8-9af3-2fb340bce71f
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726015.0
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2021-04-14 00:00:00 UTC
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Dell to spin off VMware stake in deal worth up to $9.7 bln
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DELL
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https://www.nasdaq.com/articles/dell-to-spin-off-vmware-stake-in-deal-worth-up-to-%249.7-bln-2021-04-14
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nan
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nan
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Adds details on the deal
April 14 (Reuters) - Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies.
VMware will distribute a special cash dividend of between $11.5 billion and $12 billion to all of its shareholders, including Dell. The PC maker is estimated to receive between $9.3 billion to $9.7 billion from the spinoff.
Dell stockholders would receive about 0.44 shares of VMware for each of their shares.
The companies said the deal will simplify their capital structures. Both firms will enter into a commercial arrangement to continue to align sales activities and for co-development of solutions.
Dell shares were up nearly 7% in extended trading.
The spinoff plans were originally announced by Dell in July last year. The deal is expected to close in the fourth quarter.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)
((munsif.vengattil@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details on the deal April 14 (Reuters) - Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. The spinoff plans were originally announced by Dell in July last year. VMware will distribute a special cash dividend of between $11.5 billion and $12 billion to all of its shareholders, including Dell.
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Adds details on the deal April 14 (Reuters) - Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. Dell stockholders would receive about 0.44 shares of VMware for each of their shares. VMware will distribute a special cash dividend of between $11.5 billion and $12 billion to all of its shareholders, including Dell.
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Adds details on the deal April 14 (Reuters) - Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. VMware will distribute a special cash dividend of between $11.5 billion and $12 billion to all of its shareholders, including Dell. Dell stockholders would receive about 0.44 shares of VMware for each of their shares.
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Adds details on the deal April 14 (Reuters) - Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. Dell stockholders would receive about 0.44 shares of VMware for each of their shares. VMware will distribute a special cash dividend of between $11.5 billion and $12 billion to all of its shareholders, including Dell.
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3d210376-e8dd-4b59-9dfb-1c3f1803acf5
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726016.0
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2021-04-14 00:00:00 UTC
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Dell to spin off VMware stake
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DELL
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https://www.nasdaq.com/articles/dell-to-spin-off-vmware-stake-2021-04-14
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nan
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nan
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April 14 (Reuters) - PC maker Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)
((munsif.vengattil@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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April 14 (Reuters) - PC maker Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva) ((munsif.vengattil@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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April 14 (Reuters) - PC maker Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva) ((munsif.vengattil@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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April 14 (Reuters) - PC maker Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva) ((munsif.vengattil@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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April 14 (Reuters) - PC maker Dell Technologies Inc DELL.N said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware VMW.N, creating two standalone public companies. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva) ((munsif.vengattil@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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6a220bce-c5e1-4fce-815b-a148c1fb1303
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726017.0
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2021-04-12 00:00:00 UTC
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White House to zero in on chip shortage in meeting with company officials
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DELL
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https://www.nasdaq.com/articles/white-house-to-zero-in-on-chip-shortage-in-meeting-with-company-officials-2021-04-12-0
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nan
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By Nandita Bose
WASHINGTON, April 12 (Reuters) - U.S. President Joe Biden will urge Congress to invest $50 billion in semiconductor manufacturing and research when he meets with top executives from nearly 20 major companies on Monday about the global chips shortage that has roiled the automotive industry and technology firms.
The push is part of his broader focus on rebuilding U.S. manufacturing as a powerhouse for the world's largest economy - and a source of good-paying jobs - after years of declining investments and productivity growth, a senior administration official said.
The White House meeting is billed as the "CEO Summit on Semiconductor and Supply Chain Resilience" and will include White House national security adviser Jake Sullivan and National Economic Council Director Brian Deese.
Biden is expected to stop by the meeting to push his $2 trillion infrastructure plan, which includes $300 billion aimed at expanding manufacturing, especially in disadvantaged areas and communities of color through loans, grants, investments and the targeted use of federal procurements.
While the proposed investments will take time to implement, the administration is also seeking "short-term and medium-term solutions that will be discussed during the summit," the official said. No further details were immediately available.
As of midday Friday, 19 major companies had agreed to send executives, including General Motors GM.N Chief Executive Mary Barra, Ford Motor F.N Chief Executive Jim Farley and Chrysler-parent Stellantis NV STLA.MI CEO Carlos Tavares.
The "summit reflects the urgent need to strengthen critical supply chains," Deese said in a statement.
Commerce Secretary Gina Raimondo will also take part, as well as executives from GlobalFoundries, PACCAR Inc PCAR.O, NXP and Taiwan Semiconductor Manufacturing Co 2330.TW, AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, Hewlett Packard Enterprises HPE.N, Cummins CMI.N and Micron Technology MU.O.
A U.S. auto industry group this week urged the government to help and warned that a global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.
Over the weekend, GM canceled more truck production shifts at two U.S. plants.
"Trying to address supply chains on a crisis-by-crisis basis creates critical national security vulnerabilities," Sullivan said in a statement.
Automakers have been hit particularly hard by the global chip shortage after many canceled orders when auto plants were idled during the coronavirus pandemic.
When they were ready to resume production, they found chipmakers were busy fulfilling orders for the consumer electronics industry, which has seen demand for premium devices - both for work and leisure - boom as people spent more time at home.
Broadband internet, cellphone and cable TV companies also face delays in receiving "network switches, routers, and servers," according to an industry group.
"Shortages in semiconductors and the associated delays will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year," the group said last week.
Biden wants at least $100 billion to boost U.S. semiconductor production and fund investments to support production of critical goods, but officials said this funding will not address short-term chip needs.
Later this week, the Senate Commerce Committee will hold its first hearing on a bipartisan measure to bolster technology research and development efforts in a bid to address Chinese competition.
(Reporting by David Shepardson and Andrea Shalal, Editing by Rosalba O'Brien and Bill Berkrot)
((Chris.Sanders@thomsonreuters.com; +1 202-558-8254; Reuters Messaging: chris.sanders.reuters.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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Commerce Secretary Gina Raimondo will also take part, as well as executives from GlobalFoundries, PACCAR Inc PCAR.O, NXP and Taiwan Semiconductor Manufacturing Co 2330.TW, AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, Hewlett Packard Enterprises HPE.N, Cummins CMI.N and Micron Technology MU.O. By Nandita Bose WASHINGTON, April 12 (Reuters) - U.S. President Joe Biden will urge Congress to invest $50 billion in semiconductor manufacturing and research when he meets with top executives from nearly 20 major companies on Monday about the global chips shortage that has roiled the automotive industry and technology firms. The push is part of his broader focus on rebuilding U.S. manufacturing as a powerhouse for the world's largest economy - and a source of good-paying jobs - after years of declining investments and productivity growth, a senior administration official said.
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Commerce Secretary Gina Raimondo will also take part, as well as executives from GlobalFoundries, PACCAR Inc PCAR.O, NXP and Taiwan Semiconductor Manufacturing Co 2330.TW, AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, Hewlett Packard Enterprises HPE.N, Cummins CMI.N and Micron Technology MU.O. By Nandita Bose WASHINGTON, April 12 (Reuters) - U.S. President Joe Biden will urge Congress to invest $50 billion in semiconductor manufacturing and research when he meets with top executives from nearly 20 major companies on Monday about the global chips shortage that has roiled the automotive industry and technology firms. The White House meeting is billed as the "CEO Summit on Semiconductor and Supply Chain Resilience" and will include White House national security adviser Jake Sullivan and National Economic Council Director Brian Deese.
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Commerce Secretary Gina Raimondo will also take part, as well as executives from GlobalFoundries, PACCAR Inc PCAR.O, NXP and Taiwan Semiconductor Manufacturing Co 2330.TW, AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, Hewlett Packard Enterprises HPE.N, Cummins CMI.N and Micron Technology MU.O. By Nandita Bose WASHINGTON, April 12 (Reuters) - U.S. President Joe Biden will urge Congress to invest $50 billion in semiconductor manufacturing and research when he meets with top executives from nearly 20 major companies on Monday about the global chips shortage that has roiled the automotive industry and technology firms. The White House meeting is billed as the "CEO Summit on Semiconductor and Supply Chain Resilience" and will include White House national security adviser Jake Sullivan and National Economic Council Director Brian Deese.
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Commerce Secretary Gina Raimondo will also take part, as well as executives from GlobalFoundries, PACCAR Inc PCAR.O, NXP and Taiwan Semiconductor Manufacturing Co 2330.TW, AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, Hewlett Packard Enterprises HPE.N, Cummins CMI.N and Micron Technology MU.O. By Nandita Bose WASHINGTON, April 12 (Reuters) - U.S. President Joe Biden will urge Congress to invest $50 billion in semiconductor manufacturing and research when he meets with top executives from nearly 20 major companies on Monday about the global chips shortage that has roiled the automotive industry and technology firms. While the proposed investments will take time to implement, the administration is also seeking "short-term and medium-term solutions that will be discussed during the summit," the official said.
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39fca35f-67cb-4359-9549-a65620f9b91f
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726018.0
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2021-04-09 00:00:00 UTC
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White House convening summit with top execs on chip shortage
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DELL
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https://www.nasdaq.com/articles/white-house-convening-summit-with-top-execs-on-chip-shortage-2021-04-09
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nan
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nan
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By David Shepardson
WASHINGTON, April 9 (Reuters) - Almost 20 major companies worried about a global semiconductor chip shortage that has roiled the automotive industry will send senior executives to a White House summit Monday, a senior official said on Friday.
Reuters reported earlier the summit is expected to include General Motors GM.N Chief Executive Mary Barra and Ford Motor F.N Chief Executive Jim Farley.
The White House official confirmed the three largest U.S. automakers, including Chrysler-parent Stellantis NV STLA.MI will attend, as will executives from GlobalFoundries, PACCAR PCAR.O, NXP NOC.N and Taiwan Semiconductor Manufacturing Company 2330.TW.
The White House meeting is billed as the "CEO Summit on Semiconductor and Supply Chain Resilience" and will include White House National Security Advisor Jake Sullivan and National Economic Council Director Brian Deese. As of midday Friday, 19 major companies had agreed to send executives.
Deese said in a statement the "summit reflects the urgent need to strengthen critical supply chains."
Commerce Secretary Gina Raimondo will also take part.
A U.S. auto industry group this week urged the U.S. government to help and warned that a global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.
Also taking part are AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, HP HPQ.N Cummins CMI.N and Micron MU.O.
"Trying to address supply chains on a crisis-by-crisis basis creates critical national security vulnerabilities," Sullivan said in a statement.
Broadband internet, cellphone and cable TV companies also face delays in receiving "network switches, routers, and servers. ... Shortages in semiconductors and the associated delays will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year," an industry group said this week.
President Joe Biden wants at least $100 billion toboost U.S. semiconductor production and fund investments to support production of critical goods, but officials said this funding will not address short-term chip needs.
On Thursday GM and Ford both announced new vehicle production cuts on Thursday.
(Reporting by David Shepardson Editing by Chizu Nomiyama and David Gregorio)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also taking part are AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, HP HPQ.N Cummins CMI.N and Micron MU.O. The White House official confirmed the three largest U.S. automakers, including Chrysler-parent Stellantis NV STLA.MI will attend, as will executives from GlobalFoundries, PACCAR PCAR.O, NXP NOC.N and Taiwan Semiconductor Manufacturing Company 2330.TW. A U.S. auto industry group this week urged the U.S. government to help and warned that a global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.
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Also taking part are AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, HP HPQ.N Cummins CMI.N and Micron MU.O. By David Shepardson WASHINGTON, April 9 (Reuters) - Almost 20 major companies worried about a global semiconductor chip shortage that has roiled the automotive industry will send senior executives to a White House summit Monday, a senior official said on Friday. Reuters reported earlier the summit is expected to include General Motors GM.N Chief Executive Mary Barra and Ford Motor F.N Chief Executive Jim Farley.
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Also taking part are AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, HP HPQ.N Cummins CMI.N and Micron MU.O. By David Shepardson WASHINGTON, April 9 (Reuters) - Almost 20 major companies worried about a global semiconductor chip shortage that has roiled the automotive industry will send senior executives to a White House summit Monday, a senior official said on Friday. The White House meeting is billed as the "CEO Summit on Semiconductor and Supply Chain Resilience" and will include White House National Security Advisor Jake Sullivan and National Economic Council Director Brian Deese.
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Also taking part are AT&T T.N, Samsung 005930.KS, Google-parent Alphabet GOOGL.O, Dell Technologies DELL.N, Intel Corp INTC.O, Medtronic MDT.N, Northrop Grumman NOC.N, HP HPQ.N Cummins CMI.N and Micron MU.O. By David Shepardson WASHINGTON, April 9 (Reuters) - Almost 20 major companies worried about a global semiconductor chip shortage that has roiled the automotive industry will send senior executives to a White House summit Monday, a senior official said on Friday. The White House meeting is billed as the "CEO Summit on Semiconductor and Supply Chain Resilience" and will include White House National Security Advisor Jake Sullivan and National Economic Council Director Brian Deese.
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aa64d300-3118-4f06-8ba4-15ec4aeded4f
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726019.0
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2021-04-07 00:00:00 UTC
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Notable Wednesday Option Activity: ASO, DELL, CFX
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DELL
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-aso-dell-cfx-2021-04-07
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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 Academy Sports & Outdoors Inc (Symbol: ASO), where a total of 14,999 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 68% of ASO's average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $35 strike call option expiring April 16, 2021, with 3,310 contracts trading so far today, representing approximately 331,000 underlying shares of ASO. Below is a chart showing ASO's trailing twelve month trading history, with the $35 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,532 contracts, representing approximately 1.8 million underlying shares or approximately 67.9% of DELL's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $95 strike call option expiring May 21, 2021, with 3,466 contracts trading so far today, representing approximately 346,600 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange:
And Colfax Corp (Symbol: CFX) saw options trading volume of 14,196 contracts, representing approximately 1.4 million underlying shares or approximately 65% of CFX's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $37.50 strike put option expiring May 21, 2021, with 5,010 contracts trading so far today, representing approximately 501,000 underlying shares of CFX. Below is a chart showing CFX's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
For the various different available expirations for ASO options, DELL options, or CFX 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 $95 strike call option expiring May 21, 2021, with 3,466 contracts trading so far today, representing approximately 346,600 underlying shares of DELL. Below is a chart showing ASO's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,532 contracts, representing approximately 1.8 million underlying shares or approximately 67.9% of DELL's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange: And Colfax Corp (Symbol: CFX) saw options trading volume of 14,196 contracts, representing approximately 1.4 million underlying shares or approximately 65% of CFX's average daily trading volume over the past month, of 2.2 million shares.
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Below is a chart showing ASO's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,532 contracts, representing approximately 1.8 million underlying shares or approximately 67.9% of DELL's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange: And Colfax Corp (Symbol: CFX) saw options trading volume of 14,196 contracts, representing approximately 1.4 million underlying shares or approximately 65% of CFX's average daily trading volume over the past month, of 2.2 million shares. Below is a chart showing CFX's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for ASO options, DELL options, or CFX options, visit StockOptionsChannel.com.
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Below is a chart showing ASO's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,532 contracts, representing approximately 1.8 million underlying shares or approximately 67.9% of DELL's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange: And Colfax Corp (Symbol: CFX) saw options trading volume of 14,196 contracts, representing approximately 1.4 million underlying shares or approximately 65% of CFX's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $95 strike call option expiring May 21, 2021, with 3,466 contracts trading so far today, representing approximately 346,600 underlying shares of DELL.
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Below is a chart showing ASO's trailing twelve month trading history, with the $35 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 17,532 contracts, representing approximately 1.8 million underlying shares or approximately 67.9% of DELL's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $95 strike call option expiring May 21, 2021, with 3,466 contracts trading so far today, representing approximately 346,600 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $95 strike highlighted in orange: And Colfax Corp (Symbol: CFX) saw options trading volume of 14,196 contracts, representing approximately 1.4 million underlying shares or approximately 65% of CFX's average daily trading volume over the past month, of 2.2 million shares.
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25627120-a341-4e82-b297-6682ed0d5cc1
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726020.0
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2021-04-07 00:00:00 UTC
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Cloud firm Redis Labs valued at $2 bln as SoftBank, Tiger Global invest
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DELL
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https://www.nasdaq.com/articles/cloud-firm-redis-labs-valued-at-%242-bln-as-softbank-tiger-global-invest-2021-04-07
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nan
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nan
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Adds background
April 7 (Reuters) - SoftBank Group Corp's 9984.T Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion.
Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday.
The company's other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital.
Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Israel, Redis Labs' platform helps organizations process, analyze and forecast data effectively. It has deployed over 1 million databases so far.
The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O.
Redis Labs' products include in-memory database Redis and Redis Enterprise Cloud, a database-as-a-service offering. The company has an alliance with Microsoft to bring its Redis Enterprise-powered tiers to Azure Cache for Redis.
Its revenue grew by 54% over the last three years ended Jan. 3, 2021.
"As workloads increasingly move to the cloud, we believe Redis Labs is a leader who is transforming the database market," said Vikas Parekh, Partner at SoftBank Investment Advisers.
Japan's SoftBank has made serial investments in multiple tech companies in the past few weeks, such as U.S. genetic diagnostics company Invitae Corp and Facebook-backed Indian social commerce startup Meesho.
Earlier on Wednesday, SoftBank Vision Fund 2 also led a $640 million funding round for image recognition technology firm Trax along with BlackRock Inc BLK.N.
(Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)
((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 Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. The company's other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Israel, Redis Labs' platform helps organizations process, analyze and forecast data effectively.
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The company's other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. Redis Labs' products include in-memory database Redis and Redis Enterprise Cloud, a database-as-a-service offering.
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The company's other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. Adds background April 7 (Reuters) - SoftBank Group Corp's 9984.T Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion.
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The company's other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday.
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2473427c-aa9e-44a1-8251-a5350f65965b
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726021.0
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2021-04-07 00:00:00 UTC
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Redis Labs valued at over $2 bln in latest funding from SoftBank, others
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DELL
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https://www.nasdaq.com/articles/redis-labs-valued-at-over-%242-bln-in-latest-funding-from-softbank-others-2021-04-07
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nan
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nan
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April 7 (Reuters) - Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp's 9984.T Vision Fund, valuing the firm at over $2 billion.
The latest round, with funding from new investors Vision Fund and Tiger Global Management and existing investor TCV, brings the net amount raised by Redis Labs so far to $347 million.
The company's investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital.
Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Israel, Redis Labs' platform helps organizations process, analyze and forecast data effectively with its in-memory database. It acts as a custodian for open source database Redis.
The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O.
Redis Labs' revenue grew by 54% over the last three years ended Jan. 3, 2021.
(Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)
((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 Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. The company's investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. April 7 (Reuters) - Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp's 9984.T Vision Fund, valuing the firm at over $2 billion.
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The company's investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. April 7 (Reuters) - Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp's 9984.T Vision Fund, valuing the firm at over $2 billion.
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The company's investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. April 7 (Reuters) - Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp's 9984.T Vision Fund, valuing the firm at over $2 billion.
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The company's investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. The Mountain View, California-based firm has more than 8,000 paying customers including MasterCard Inc MA.N, Dell Technologies Inc DELL.N, Fiserv Inc FISV.O, Home Depot Inc HD.N and Microsoft Corp MSFT.O. April 7 (Reuters) - Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp's 9984.T Vision Fund, valuing the firm at over $2 billion.
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27727f8e-1725-4fe1-8da7-ea2ef75496c4
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726022.0
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2021-04-04 00:00:00 UTC
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Ignore the Short Squeezes: These Tech Stocks Are Better Buys
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DELL
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https://www.nasdaq.com/articles/ignore-the-short-squeezes%3A-these-tech-stocks-are-better-buys-2021-04-04
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nan
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nan
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The first quarter of 2020 was a break from the recent past. For the first three months of 2021, beaten-down value stocks with significant business problems such as GameStop (NYSE: GME), AMC Entertainment, and Sundial Growers skyrocketed higher on turnaround hopes. In contrast, the high-growth tech winners from 2020 flatlined, or even declined.
Beginning with GameStop, retail investors targeted deep-value stocks with high short interest, buying up these names and forcing "short squeezes." While there's nothing wrong with making those types of risky investments provided you do your homework, these "stock pops" appear to have already played out, and significant execution risk remains for these types of companies.
Instead of trying to ride short-term momentum, investors are likely much better off investing in strong companies with excellent long-term growth prospects and reasonable prices. That's why Micron Technology (NASDAQ: MU), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Dell Technologies (NYSE: DELL) all look like great buys as we enter April.
Image source: Getty Images.
Micron Technology: Get ready for massive cash flows
Memory and storage specialist Micron just reported quarterly results last Wednesday, and they were impressive. Revenue grew 30% year over year as DRAM pricing rebounded, and adjusted (non-GAAP) earnings per share of $1.13 beat analyst expectations. Guidance of $1.62 next quarter, or 43% sequential growth, showed continued strength as Micron enters a major DRAM upcycle.
On the conference call with analysts, management noted "broad strength across nearly all end markets," as demand across 5G, data centers, graphics, and auto chips soared, spurred by digital trends accelerated by the pandemic.
But what has analysts really excited is that Micron isn't significantly ramping up capital expenditures, even with a current shortage. That's a big sign of discipline coming from the commodity-like memory-chip industry, which increased capital expenditures significantly during the last boom of 2017-2018, only to oversupply the market and cause a crash as the trade war took hold.
This time, it looks as though Micron is keeping its production plans in line with the initial figure announced last year, and not chasing demand on a short-term basis. C.J. Muse of Evercore ISI said in a note that "considering the current shortage situation and disciplined capex, it's hard not seeing this cycle lasting longer than previous cycles."
While Micron's stock has been on a nice run, having essentially doubled in the past six months, it only trades at 8 times the prior cycle's peak earnings of $11.51 in 2018. If this current upcycle is bigger and better, Micron's stock may just be getting started.
While work-from-home e-commerce and SaaS (software-as-a-service) stocks had an exceptionally strong 2020, it could very well be the more cyclical semiconductor sector that rebounds the most in 2021.
Dell Technologies: Spinoff in the offing?
Like Micron, Dell Technologies is also hardware-focused, and could be in for a good 2021. Dell's enterprise server segment fell slightly in 2020, but its consumer laptop segment came in extremely strong. Laptop demand was the strongest in over a decade as people worked from home more often. And some of these work-from-home trends should remain, even post-pandemic. Meanwhile, enterprise servers should bounce back stronger as the economy recovers.
But what's really exciting about Dell right now is its potential spinoff of its VMware (NYSE: VMW) stake, which could come in September of this year. Dell owns 80.6% of VMware, which makes enterprise software for hyperconverged computing, cybersecurity, and other applications to navigate a multicloud world.
The rest of VMware's shares are publicly traded, and its market cap is $63.6 billion. That means Dell's stake is currently worth $51.3 billion. Yet Dell's total market cap is only $67.9 billion, meaning the "non-VMware" parts of Dell are only being valued at $16.6 billion. Dell's non-VMware segments made over $7 billion in operating income in 2021, so investors are essentially paying just 2.5 times operating earnings for "core" Dell.
While it's not 100% certain the spinoff will happen, management's past comments seem indicate that it will. And CEO Michael Dell is a large shareholder who would also benefit.
Look for investors to realize the big discount as September rolls closer.
Alphabet: A stay-at-home and reopening stock, soon to advertise cannabis
One of the more software-oriented tech companies that could do well post-pandemic is Alphabet. As travel and leisure businesses bounce back, they should buy more of Google's search advertising. As recently as 2017, 12% of Google's ad revenue came from travel and leisure.
During the pandemic, that hit Alphabet hard; it reported its first-ever revenue decline as a public company in the second quarter of 2020. However, ad spending eventually returned. By the fourth quarter, Google's ad revenue grew 21.8%, fueling 23.5% year-over-year growth for Alphabet overall. If travel and leisure come back strong once most Americans are vaccinated, the strong recent digital ad trends could even accelerate.
Alphabet's YouTube also just relaxed rules on advertising cannabis products. Due to a "green wave" of many U.S. states legalizing adult-use cannabis, and potential rollbacks of federal laws making their way through Congress, YouTube apparently feels comfortable allowing cannabis advertising in legal-use states. Of course, that's as long as it's "information presented in an objective, informative, educational and 'non-glorified' manner." YouTube's change in policy will take place sometime in April.
Alphabet also doesn't look that expensive at just 36.5 times trailing earnings. While that may seem high, consider that 2020 earnings reflect an abnormal dip in the first and second quarters. Alphabet also has nearly 10% of its market cap in cash on its balance sheet.
Furthermore, Alphabet's high-growth cloud computing platform racked up $5.6 billion in operating losses last year, even though that division is extremely valuable. And the "other bets" segment, which includes Waymo and other futuristic moonshot projects, lost $4.5 billion. Adding those back would boost Alphabet's reported operating income by about 25%.
With multiple growth businesses set to bounce back from the pandemic, and a still-reasonable price, Alphabet seems like a much better bet today than the more "exciting" meme stocks currently dominating the headlines.
10 stocks we like better than Micron Technology
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies, GameStop, and Micron Technology and has the following options: short April 2021 $110.0 calls on Micron Technology, short April 2021 $115.0 calls on Micron Technology, short April 2021 $125.0 calls on GameStop, short April 2021 $35.0 calls on GameStop, short April 2021 $60.0 calls on GameStop, short April 2021 $60.0 puts on Micron Technology, short April 2021 $67.5 puts on Micron Technology, short April 2021 $70.0 puts on Micron Technology, short January 2021 $3.0 puts on AMC Entertainment Holdings, short January 2021 $9.0 puts on GameStop, short January 2022 $150.0 calls on Micron Technology, short January 2022 $170.0 calls on Micron Technology, short January 2022 $35.0 puts on Micron Technology, short July 2021 $130.0 calls on Micron Technology, short June 2021 $1320.0 puts on Alphabet (C shares), short June 2021 $55.0 puts on Micron Technology, short May 2020 $3.0 puts on GameStop, short May 2021 $60.0 puts on Micron Technology, and short May 2021 $65.0 puts on Micron Technology. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares) and Alphabet (C shares). 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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That's why Micron Technology (NASDAQ: MU), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Dell Technologies (NYSE: DELL) all look like great buys as we enter April. Dell Technologies: Spinoff in the offing? Like Micron, Dell Technologies is also hardware-focused, and could be in for a good 2021.
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That's why Micron Technology (NASDAQ: MU), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Dell Technologies (NYSE: DELL) all look like great buys as we enter April. Dell's non-VMware segments made over $7 billion in operating income in 2021, so investors are essentially paying just 2.5 times operating earnings for "core" Dell. Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies, GameStop, and Micron Technology and has the following options: short April 2021 $110.0 calls on Micron Technology, short April 2021 $115.0 calls on Micron Technology, short April 2021 $125.0 calls on GameStop, short April 2021 $35.0 calls on GameStop, short April 2021 $60.0 calls on GameStop, short April 2021 $60.0 puts on Micron Technology, short April 2021 $67.5 puts on Micron Technology, short April 2021 $70.0 puts on Micron Technology, short January 2021 $3.0 puts on AMC Entertainment Holdings, short January 2021 $9.0 puts on GameStop, short January 2022 $150.0 calls on Micron Technology, short January 2022 $170.0 calls on Micron Technology, short January 2022 $35.0 puts on Micron Technology, short July 2021 $130.0 calls on Micron Technology, short June 2021 $1320.0 puts on Alphabet (C shares), short June 2021 $55.0 puts on Micron Technology, short May 2020 $3.0 puts on GameStop, short May 2021 $60.0 puts on Micron Technology, and short May 2021 $65.0 puts on Micron Technology.
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That's why Micron Technology (NASDAQ: MU), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Dell Technologies (NYSE: DELL) all look like great buys as we enter April. Billy Duberstein owns shares of Alphabet (C shares), Dell Technologies, GameStop, and Micron Technology and has the following options: short April 2021 $110.0 calls on Micron Technology, short April 2021 $115.0 calls on Micron Technology, short April 2021 $125.0 calls on GameStop, short April 2021 $35.0 calls on GameStop, short April 2021 $60.0 calls on GameStop, short April 2021 $60.0 puts on Micron Technology, short April 2021 $67.5 puts on Micron Technology, short April 2021 $70.0 puts on Micron Technology, short January 2021 $3.0 puts on AMC Entertainment Holdings, short January 2021 $9.0 puts on GameStop, short January 2022 $150.0 calls on Micron Technology, short January 2022 $170.0 calls on Micron Technology, short January 2022 $35.0 puts on Micron Technology, short July 2021 $130.0 calls on Micron Technology, short June 2021 $1320.0 puts on Alphabet (C shares), short June 2021 $55.0 puts on Micron Technology, short May 2020 $3.0 puts on GameStop, short May 2021 $60.0 puts on Micron Technology, and short May 2021 $65.0 puts on Micron Technology. Dell Technologies: Spinoff in the offing?
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But what's really exciting about Dell right now is its potential spinoff of its VMware (NYSE: VMW) stake, which could come in September of this year. That's why Micron Technology (NASDAQ: MU), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Dell Technologies (NYSE: DELL) all look like great buys as we enter April. Dell Technologies: Spinoff in the offing?
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fc93d1a3-9f0e-4b8a-b8a3-10016ea81aec
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726023.0
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2021-03-30 00:00:00 UTC
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Advanced Micro Devices Still Has a Ton of Upside Potential for Long-Term Investors
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DELL
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https://www.nasdaq.com/articles/advanced-micro-devices-still-has-a-ton-of-upside-potential-for-long-term-investors-2021-03
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Among technology investors, Advanced Micro Devices (NASDAQ:AMD) is one of the go-to names investors have flocked to in recent years. That’s no surprise. After all, AMD stock is one of the most consistent growth plays on the NASDAQ over the past five years.
AMD) sign outside of office building with greenery" width="300" height="169">
Source: JHVEPhoto / Shutterstock.com
How consistent? Investors who bought AMD stock five years ago have booked returns of more than 2,200% over this time frame.
That’s not bad. However, whether or not this growth story can continue is another question.
In this article, I’m going to discuss why I’m very bullish on AMD stock right now. Specifically, I’m going to focus on the market share capture potential of what is still a “small” player in the semiconductor space.
Don’t Be Fooled by AMD’s Size
AMD is the smallest of the “big 3” in the U.S. CPU and GSU market. Its rivals Intel Corporation (NASDAQ:INTC) and Nvidia Corporation (NASDAQ:NVDA) have market capitalizations roughly three-times that of AMD. These companies also own a significant market share today that AMD is yearning to capture.
8 Small-Cap Stocks With Plenty of Cred
However, the company believes it is on the cusp of continuing to nab market share from its competitors at a relatively rapid pace. According to AMD’s investor presentation, the four pillars AMD’s management team would like investors to focus on are:
High-performance computing leadership
Disruptive solutions combining CPUs and GPUs
Strong and predictable execution
Best-in-class growth franchise
I think that just about sums up AMD stock. I’m going to go home now.
Just kidding.
Indeed, I think these central tenets of AMD’s strategic outlook can really be split into two buckets: product superiority and predictable growth. Let’s look at these closer.
Product Superiority a Key Competitive Advantage
Product superiority is the key factor I think most AMD investors focus on.
Indeed, the company’s Ryzen mobile and desktop processors are branded by the company as “the world’s best laptop processors” and “the world’s fastest gaming processors.” That’s not bad, even if AMD does say so itself.
Additionally, the company’s GPU segment (where it’s really struggled) is looking positive. Driven by extremely high demand from growth in computing power needs (think cryptocurrency mining), stocking issues have plagued the sector. Indeed, many believe these shortages will last until mid-2021.
AMD’s product line has become much more competitive with Nvidia’s, though AMD is lagging in terms of market share here. However, if AMD can sufficiently ramp up production to meet this excess demand, there’s an argument that can be made for some market share capture.
Finally, the recent news coming from Dell Technologies (NYSE:DELL) that the company will be using AMD Epyc chips in five of its 17 server models being released in 2021 is a big deal.
It’s believed Dell’s shift to providing excellent performance at a reasonable price is a key factor in integrating such a high percentage of AMD chips in one of its largest server launches in history. Customers are climbing aboard AMD, for good reason.
Growth Key to Owning AMD Stock Long Term
Over the past 12 months, AMD posted revenues just shy of $10 billion. That’s up 45% over 2019 numbers. Not bad growth, indeed.
Importantly, net income more than doubled over the past year. What once looked like an unachievably-high valuation multiple is now within reason.
Accordingly, many fundamental-oriented investors may be enticed by this growth play. The company’s forward projections are just as enticing.
In 2021, AMD’s forward revenue guidance is for 37% growth. While not as good as 2020, that’s still a heck of a jump. Any company growing at this pace (and at this size) deserves a second look.
Indeed, if the company can continue to capture market share as it has been in recent years, such projections are very realistic. AMD’s forward revenue of $13.4 billion and gross profit of $6.3 billion (based on forward expectations of a 47% gross margin) would make this company’s valuation even more attractive.
Disclosure: On the date of publication, Chris MacDonald held a LONG position in NASDAQ:AMD.
The post Advanced Micro Devices Still Has a Ton of Upside Potential for Long-Term Investors 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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It’s believed Dell’s shift to providing excellent performance at a reasonable price is a key factor in integrating such a high percentage of AMD chips in one of its largest server launches in history. Finally, the recent news coming from Dell Technologies (NYSE:DELL) that the company will be using AMD Epyc chips in five of its 17 server models being released in 2021 is a big deal. 8 Small-Cap Stocks With Plenty of Cred However, the company believes it is on the cusp of continuing to nab market share from its competitors at a relatively rapid pace.
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Finally, the recent news coming from Dell Technologies (NYSE:DELL) that the company will be using AMD Epyc chips in five of its 17 server models being released in 2021 is a big deal. It’s believed Dell’s shift to providing excellent performance at a reasonable price is a key factor in integrating such a high percentage of AMD chips in one of its largest server launches in history. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Among technology investors, Advanced Micro Devices (NASDAQ:AMD) is one of the go-to names investors have flocked to in recent years.
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Finally, the recent news coming from Dell Technologies (NYSE:DELL) that the company will be using AMD Epyc chips in five of its 17 server models being released in 2021 is a big deal. It’s believed Dell’s shift to providing excellent performance at a reasonable price is a key factor in integrating such a high percentage of AMD chips in one of its largest server launches in history. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Among technology investors, Advanced Micro Devices (NASDAQ:AMD) is one of the go-to names investors have flocked to in recent years.
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Finally, the recent news coming from Dell Technologies (NYSE:DELL) that the company will be using AMD Epyc chips in five of its 17 server models being released in 2021 is a big deal. It’s believed Dell’s shift to providing excellent performance at a reasonable price is a key factor in integrating such a high percentage of AMD chips in one of its largest server launches in history. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Among technology investors, Advanced Micro Devices (NASDAQ:AMD) is one of the go-to names investors have flocked to in recent years.
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839fa08b-09f6-40f8-b78a-edcbadf5a031
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726024.0
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2021-03-22 00:00:00 UTC
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Golf-Thomas 'ecstatic' at possibility of playing in Tokyo Games
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DELL
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https://www.nasdaq.com/articles/golf-thomas-ecstatic-at-possibility-of-playing-in-tokyo-games-2021-03-22
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nan
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nan
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March 22 (Reuters) - World number two Justin Thomas is "ecstatic" about the possibility of competing in the Tokyo Olympics, as he looks to keep his momentum rolling at WGC-Dell Technologies Match Play in Austin, Texas, this week.
Fresh off his first Players Championship win at TPC Sawgrass a week ago, the 27-year-old American is in prime position to secure a spot at the July 23-Aug. 8 Games -- a tantalizing possibility, Thomas said.
"I hope I qualify because I think that would be one of the coolest honors that I've ever had," the 2017 PGA Championship winner told reporters on Monday, after world number one Dustin Johnson confirmed earlier this month that he would skip Tokyo.
"It's probably one of the only tournaments that I would brag about playing in or qualifying for, the fact that I would be able to play for Team USA in the Olympics."
Thomas, who has finished in the top 15 in nine of his last 10 starts, must keep his steady and strong performance going until the end of the men's June 21 qualifying window to book a ticket to the Tokyo Games, which were delayed by a year due to the COVID-19 pandemic.
He defeated England's Lee Westwood by one stroke at Sawgrass for his inaugural Players Championship win, earning the applause of 15-times major winner Tiger Woods, who texted his support while recovering from injuries sustained in a brutal car accident last month.
"(Woods) was in great spirits," said the 14-times PGA Tour winner. "My dad said he was texting him the whole day, giving him grief about what was going on, so it was good to see he was watching."
Thomas faces off against fellow American Matt Kuchar, defending champion Kevin Kisner and South Africa's Louis Oosthuizen in the first round of the WGC-Dell Technologies Match Play at Austin Country Club on Wednesday.
(Reporting by Amy Tennery; editing by Clare Fallon)
((Amy.Tennery@thomsonreuters.com; 646-223-6343))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 22 (Reuters) - World number two Justin Thomas is "ecstatic" about the possibility of competing in the Tokyo Olympics, as he looks to keep his momentum rolling at WGC-Dell Technologies Match Play in Austin, Texas, this week. Thomas faces off against fellow American Matt Kuchar, defending champion Kevin Kisner and South Africa's Louis Oosthuizen in the first round of the WGC-Dell Technologies Match Play at Austin Country Club on Wednesday. He defeated England's Lee Westwood by one stroke at Sawgrass for his inaugural Players Championship win, earning the applause of 15-times major winner Tiger Woods, who texted his support while recovering from injuries sustained in a brutal car accident last month.
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March 22 (Reuters) - World number two Justin Thomas is "ecstatic" about the possibility of competing in the Tokyo Olympics, as he looks to keep his momentum rolling at WGC-Dell Technologies Match Play in Austin, Texas, this week. Thomas faces off against fellow American Matt Kuchar, defending champion Kevin Kisner and South Africa's Louis Oosthuizen in the first round of the WGC-Dell Technologies Match Play at Austin Country Club on Wednesday. "I hope I qualify because I think that would be one of the coolest honors that I've ever had," the 2017 PGA Championship winner told reporters on Monday, after world number one Dustin Johnson confirmed earlier this month that he would skip Tokyo.
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March 22 (Reuters) - World number two Justin Thomas is "ecstatic" about the possibility of competing in the Tokyo Olympics, as he looks to keep his momentum rolling at WGC-Dell Technologies Match Play in Austin, Texas, this week. Thomas faces off against fellow American Matt Kuchar, defending champion Kevin Kisner and South Africa's Louis Oosthuizen in the first round of the WGC-Dell Technologies Match Play at Austin Country Club on Wednesday. "I hope I qualify because I think that would be one of the coolest honors that I've ever had," the 2017 PGA Championship winner told reporters on Monday, after world number one Dustin Johnson confirmed earlier this month that he would skip Tokyo.
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March 22 (Reuters) - World number two Justin Thomas is "ecstatic" about the possibility of competing in the Tokyo Olympics, as he looks to keep his momentum rolling at WGC-Dell Technologies Match Play in Austin, Texas, this week. Thomas faces off against fellow American Matt Kuchar, defending champion Kevin Kisner and South Africa's Louis Oosthuizen in the first round of the WGC-Dell Technologies Match Play at Austin Country Club on Wednesday. Fresh off his first Players Championship win at TPC Sawgrass a week ago, the 27-year-old American is in prime position to secure a spot at the July 23-Aug. 8 Games -- a tantalizing possibility, Thomas said.
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a5131454-9c33-486c-a1f4-d986d53507d9
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726025.0
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2021-03-17 00:00:00 UTC
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Dell Updates EMC PowerEdge Portfolio With 17 Next-generation Servers
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DELL
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https://www.nasdaq.com/articles/dell-updates-emc-poweredge-portfolio-with-17-next-generation-servers-2021-03-17
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) unveiled EMC PowerEdge server portfolio, reimagined with 17 new PowerEdge servers and bolstered by 1,100 Dell-owned or filed U.S. patents. PowerEdge servers now feature PCIe Gen 4.0 - doubling throughput performance over the previous generation - and up to six accelerators per server. These technologies, coupled with PowerEdge's autonomous intelligence, make this the most AI-enabled PowerEdge portfolio to date, Dell said.
The latest portfolio features two all-new, accelerator-optimized servers: PowerEdge XE8545, and PowerEdge R750xa. The PowerEdge XE8545, a powerhouse for AI workloads, combines up to 128 cores of 3rd Generation AMD EPYC processors, and four NVIDIA A100 GPUs. The PowerEdge R750xa, purpose-built to boost acceleration performance, is powered by the 3rd Generation Intel Xeon Scalable processors and supports up to four double-wide GPUs and six single-wide GPUs.
The views and 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) unveiled EMC PowerEdge server portfolio, reimagined with 17 new PowerEdge servers and bolstered by 1,100 Dell-owned or filed U.S. patents. These technologies, coupled with PowerEdge's autonomous intelligence, make this the most AI-enabled PowerEdge portfolio to date, Dell said. The PowerEdge XE8545, a powerhouse for AI workloads, combines up to 128 cores of 3rd Generation AMD EPYC processors, and four NVIDIA A100 GPUs.
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(RTTNews) - Dell Technologies (DELL) unveiled EMC PowerEdge server portfolio, reimagined with 17 new PowerEdge servers and bolstered by 1,100 Dell-owned or filed U.S. patents. These technologies, coupled with PowerEdge's autonomous intelligence, make this the most AI-enabled PowerEdge portfolio to date, Dell said. PowerEdge servers now feature PCIe Gen 4.0 - doubling throughput performance over the previous generation - and up to six accelerators per server.
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(RTTNews) - Dell Technologies (DELL) unveiled EMC PowerEdge server portfolio, reimagined with 17 new PowerEdge servers and bolstered by 1,100 Dell-owned or filed U.S. patents. These technologies, coupled with PowerEdge's autonomous intelligence, make this the most AI-enabled PowerEdge portfolio to date, Dell said. The latest portfolio features two all-new, accelerator-optimized servers: PowerEdge XE8545, and PowerEdge R750xa.
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(RTTNews) - Dell Technologies (DELL) unveiled EMC PowerEdge server portfolio, reimagined with 17 new PowerEdge servers and bolstered by 1,100 Dell-owned or filed U.S. patents. These technologies, coupled with PowerEdge's autonomous intelligence, make this the most AI-enabled PowerEdge portfolio to date, Dell said. PowerEdge servers now feature PCIe Gen 4.0 - doubling throughput performance over the previous generation - and up to six accelerators per server.
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488d9da5-ef18-4406-adc6-1af1d2abaede
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726026.0
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2021-03-17 00:00:00 UTC
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1 Critical Choice to Protect Your Investment Returns
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DELL
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https://www.nasdaq.com/articles/1-critical-choice-to-protect-your-investment-returns-2021-03-17
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nan
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nan
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While putting as much money as possible into the stock market can seem exciting, setting aside money in an emergency fund is not something to overlook. In fact, if you have an emergency fund, all of a sudden downturns may not have to be emergencies.
In this video from Motley Fool Live, recorded on March 5, Fool.com contributors Brian Withers and Brian Feroldi reminisce on how an emergency fund could have been a saving grace during a period of layoffs and tough financial times following the global financial crisis of 2007–2008.
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Stock Advisor returns as of 2/1/20
Brian Withers: 2009 -- That was a tough year for our family. The financial crisis had hit, and the business that I worked for at the time was Dell. They were going through a big transition, and I was laid off.
I was five or so years into investing and was really excited about the whole investing process and wanted to have as much money invested in the market as I could.
I had a stable job, we had two kids, decent mortgage with a decent rate, but I didn't have an emergency fund. Getting laid off was a bit of a surprise. I ended up selling some stocks to raise some cash.
You'll love this list Brian. Here we go. [laughs]
Brian Feroldi: March 2009 was a great time to sell Netflix, and MercadoLibre and Starbucks.
Withers: No. Those 13 positions, even with some of the losers that I sold, it went on to average a 24-bagger return from there had I held until now.
I've been pushing this, I mentioned this in "The Wrap" yesterday, make sure you have an emergency fund. Stuff happens. Have money outside of the stock market for your water heater, who knows? There'll be a storm that damages the roof, your car will break down, hope nobody has health problems in the family. But there are a million things why you might need some cash that was unexpected. A lot of times those unexpected things aren't going to wait.
I talked about being a desperate seller yesterday. I was a desperate seller, and trying to pick the things off that would raise some money, and I wasn't able to go back in and buy them. That was a tough piece. It took a while for me to get back in a job and get to where we had a stable cash flow.
Feroldi: Brian, what was your mindset in 2009 when you were going through this? Because I'm sure you realized "I don't want to sell these things, but I have to."
Withers: Yeah, it was very much. In fact, I sold them before I got laid off, or right around, either right before, or right after, to raise some cash, because I got a little bit of hint that I might be laid off. I was scared. This is the first time I'd ever gotten laid off.
I got a family, I got a wife and two kids at home, and I knew eventually things would come back, but I felt like I had no choice, that I needed cash, and who knows what the market was doing at that point, it could go down even further.
I did exactly the wrong thing at exactly the wrong time. I didn't feel like I could do anything different.
Feroldi: It just goes to show, assume that you had an emergency fund in place, assume that you had multiple sources of income, assume that you had no debt. All of a sudden, downturns are not emergencies.
Withers: Right.
Feroldi: They're still emergencies, but your mindset isn't racing about, "What are we going to do? We are screwed. We need to sell, sell, sell." It's, "This sucks. But we can ride it out." [laughs]
Withers: Right. Yeah. I didn't have any levers to pull. My wife was at home, she didn't have a job. The job market at that point, I was very worried that I would be out of work for potentially even six months, or more. We ended up having to move from our home in Nashville to San Antonio so that I could go back to work.
Brian Feroldi owns shares of MercadoLibre, Netflix, and Starbucks. Brian Withers owns shares of MercadoLibre, Netflix, and Starbucks. The Motley Fool owns shares of and recommends MercadoLibre, Netflix, and Starbucks and recommends the following options: short April 2021 $110 calls on Starbucks. 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 financial crisis had hit, and the business that I worked for at the time was Dell. In this video from Motley Fool Live, recorded on March 5, Fool.com contributors Brian Withers and Brian Feroldi reminisce on how an emergency fund could have been a saving grace during a period of layoffs and tough financial times following the global financial crisis of 2007–2008. [laughs] Brian Feroldi: March 2009 was a great time to sell Netflix, and MercadoLibre and Starbucks.
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The financial crisis had hit, and the business that I worked for at the time was Dell. Brian Feroldi owns shares of MercadoLibre, Netflix, and Starbucks. Brian Withers owns shares of MercadoLibre, Netflix, and Starbucks.
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The financial crisis had hit, and the business that I worked for at the time was Dell. While putting as much money as possible into the stock market can seem exciting, setting aside money in an emergency fund is not something to overlook. In this video from Motley Fool Live, recorded on March 5, Fool.com contributors Brian Withers and Brian Feroldi reminisce on how an emergency fund could have been a saving grace during a period of layoffs and tough financial times following the global financial crisis of 2007–2008.
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The financial crisis had hit, and the business that I worked for at the time was Dell. In this video from Motley Fool Live, recorded on March 5, Fool.com contributors Brian Withers and Brian Feroldi reminisce on how an emergency fund could have been a saving grace during a period of layoffs and tough financial times following the global financial crisis of 2007–2008. See the 10 stocks Stock Advisor returns as of 2/1/20 Brian Withers: 2009 -- That was a tough year for our family.
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997f3f9a-0884-420a-8e5d-5ae39d06be04
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726027.0
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2021-03-12 00:00:00 UTC
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PWV, ANTM, DELL, DD: ETF Outflow Alert
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DELL
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https://www.nasdaq.com/articles/pwv-antm-dell-dd%3A-etf-outflow-alert-2021-03-12
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $215.6 million dollar outflow -- that's a 23.5% decrease week over week (from 21,660,000 to 16,570,000). Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average:
Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and 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 PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $215.6 million dollar outflow -- that's a 23.5% decrease week over week (from 21,660,000 to 16,570,000). For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57.
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $215.6 million dollar outflow -- that's a 23.5% decrease week over week (from 21,660,000 to 16,570,000). For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57.
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9da33165-b613-4988-ad56-b1e42dd3d961
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726028.0
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2021-03-11 00:00:00 UTC
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Apple Vs. Dell Technologies Stock: Hope You Made Money
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DELL
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https://www.nasdaq.com/articles/apple-vs.-dell-technologies-stock%3A-hope-you-made-money-2021-03-11
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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 titan Apple (NASDAQ:AAPL). (see our update below) Now, five months hence, the trade has played out pretty well, with Dell stock up by almost 25% since our recommendation, while Apple stock has remained almost flat. More concretely, 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 $2,500. Not bad for most of us.
Dell has benefited from robust sales of 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 two quarters. While Apple’s financial performance has also been solid, the stock is being weighed down by macro factors including rising bond yields and expectations of a quicker economic recovery, which is impacting safe-haven stocks such as Apple.
Now, although we think Dell is still the better value pick at current levels, trading at just about 10x consensus 2022 earnings (FY ends January), there may not be too much upside to this trade in the near-term. Although Apple stock trades at about 26x projected earnings, its multiple has contracted since the last year and Apple is also poised to see its revenue growth accelerate to levels of over 20% this year, driven by a strong upgrade cycle for the new 5G iPhones and services growth. Dell’s outlook, on the other hand, is somewhat more muted. The company expects IT spending to grow in the mid-single-digits in 2021, and the consensus estimates peg Dell’s revenue growth for 2022 at under 4%.
See our dashboard analysis on Dell vs. Apple: Is Dell Stock A Bargain Compared To Apple? Parts of the analysis are summarized below.
[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 robust sales of 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 two quarters. See our dashboard analysis on Dell vs. Apple: Is Dell Stock A Bargain Compared To Apple? 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 titan 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 titan Apple (NASDAQ:AAPL). See our dashboard analysis on Dell vs. Apple: Is Dell Stock 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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See our dashboard analysis on Dell vs. Apple: Is Dell Stock 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. 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 titan Apple (NASDAQ:AAPL).
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See our dashboard analysis on Dell vs. Apple: Is Dell Stock A Bargain Compared To Apple? Revenue Growth Dell’s Revenues of about $92 billion in FY’20 are roughly one-third of Apple’s Revenues. 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 titan Apple (NASDAQ:AAPL).
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58b6e652-e311-4e8c-8393-9cd4e2ccc50a
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726029.0
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2021-03-08 00:00:00 UTC
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DELL Crosses Above Average Analyst Target
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DELL
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https://www.nasdaq.com/articles/dell-crosses-above-average-analyst-target-2021-03-08
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nan
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nan
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $83.55, changing hands for $85.35/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $54.00. And then on the other side of the spectrum one analyst has a target as high as $98.00. The standard deviation is $13.01.
But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $83.55/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $83.55 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
RECENT DELL ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 8 8 7 7
Buy ratings: 2 2 2 2
Hold ratings: 1 1 1 1
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.36 1.36 1.4 1.4
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DELL — FREE.
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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But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DELL crossing above that average target price of $83.55/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $83.55 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dell Technologies Inc:
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $83.55, changing hands for $85.35/share. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average.
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There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. And so with DELL crossing above that average target price of $83.55/share, investors in DELL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $83.55 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $83.55, changing hands for $85.35/share.
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In recent trading, shares of Dell Technologies Inc (Symbol: DELL) have crossed above the average analyst 12-month target price of $83.55, changing hands for $85.35/share. There are 11 different analyst targets contributing to that average for Dell Technologies Inc, but the average is just that — a mathematical average. But the whole reason to look at the average DELL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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b05160e5-90ce-4306-89bf-3c1baae6fd71
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726030.0
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2021-03-05 00:00:00 UTC
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White House says Microsoft email hackers have 'large number of victims'
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DELL
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https://www.nasdaq.com/articles/white-house-says-microsoft-email-hackers-have-large-number-of-victims-2021-03-05
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nan
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nan
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By Raphael Satter
WASHINGTON, March 5 (Reuters) - The hackers behind the powerful set of digital intrusion tools exposed this week have racked up a worrying number of victims, the White House said Friday, the latest indication that the cyber espionage campaign targeting Microsoft Corp's MSFT.O Exchange email software poses a serious threat.
"This is a significant vulnerability that could have far reaching impacts," White House press secretary Jen Psaki told reporters. "We're concerned that there're a large number of victims."
Wielding tools that exploited four previously unknown vulnerabilities, the allegedly Chinese group that Microsoft dubs "Hafnium" has been breaking into email servers since January, remotely and silently siphoning information from their inboxes without having to send a single malicious email or rogue attachment.
Few victims of the hackers have been made public so far. Microsoft said this week that targets included infectious disease researchers, law firms, higher education institutions, defense contractors, policy think tanks, and non-governmental groups.
On Tuesday researchers at Dell Technologies' DELL.NSecureworks said the pace of break-ins began spiking overnightlast Sunday, something others have read as an indication that the hackers ramped up their activity because they knew they were about to be exposed.
Much of the activity was concentrated in the United States, but victims have popped up around the world.
Norwegian authorities said they had seen "limited" use of the hacking tools in their country. The Prague municipality and the Czech Ministry for Labor and Social Affairs were among those affected, according to a European cyber official briefed on the matter.
The official said that the technique's ease of exploitation meant that the hackers had effectively been enjoying a "free buffet" since the beginning of the year.
The worry now is that others may be about to join the feast.
Although Microsoft has published fixes for the vulnerabilities and the U.S. government - including National Security Adviser Jake Sullivan - has urged users to update their software, in practice not everyone is. Meanwhile, hackers are studying the fixes to reverse engineer Hafnium's tools and appropriate them for themselves.
Once that happens, experts say, the targeting may get even more aggressive.
(Reporting by Raphael Satter; Editing by Dan Grebler and David Gregorio)
((Raphael.Satter@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Tuesday researchers at Dell Technologies' DELL.NSecureworks said the pace of break-ins began spiking overnightlast Sunday, something others have read as an indication that the hackers ramped up their activity because they knew they were about to be exposed. By Raphael Satter WASHINGTON, March 5 (Reuters) - The hackers behind the powerful set of digital intrusion tools exposed this week have racked up a worrying number of victims, the White House said Friday, the latest indication that the cyber espionage campaign targeting Microsoft Corp's MSFT.O Exchange email software poses a serious threat. Microsoft said this week that targets included infectious disease researchers, law firms, higher education institutions, defense contractors, policy think tanks, and non-governmental groups.
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On Tuesday researchers at Dell Technologies' DELL.NSecureworks said the pace of break-ins began spiking overnightlast Sunday, something others have read as an indication that the hackers ramped up their activity because they knew they were about to be exposed. By Raphael Satter WASHINGTON, March 5 (Reuters) - The hackers behind the powerful set of digital intrusion tools exposed this week have racked up a worrying number of victims, the White House said Friday, the latest indication that the cyber espionage campaign targeting Microsoft Corp's MSFT.O Exchange email software poses a serious threat. Wielding tools that exploited four previously unknown vulnerabilities, the allegedly Chinese group that Microsoft dubs "Hafnium" has been breaking into email servers since January, remotely and silently siphoning information from their inboxes without having to send a single malicious email or rogue attachment.
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On Tuesday researchers at Dell Technologies' DELL.NSecureworks said the pace of break-ins began spiking overnightlast Sunday, something others have read as an indication that the hackers ramped up their activity because they knew they were about to be exposed. By Raphael Satter WASHINGTON, March 5 (Reuters) - The hackers behind the powerful set of digital intrusion tools exposed this week have racked up a worrying number of victims, the White House said Friday, the latest indication that the cyber espionage campaign targeting Microsoft Corp's MSFT.O Exchange email software poses a serious threat. Wielding tools that exploited four previously unknown vulnerabilities, the allegedly Chinese group that Microsoft dubs "Hafnium" has been breaking into email servers since January, remotely and silently siphoning information from their inboxes without having to send a single malicious email or rogue attachment.
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On Tuesday researchers at Dell Technologies' DELL.NSecureworks said the pace of break-ins began spiking overnightlast Sunday, something others have read as an indication that the hackers ramped up their activity because they knew they were about to be exposed. "This is a significant vulnerability that could have far reaching impacts," White House press secretary Jen Psaki told reporters. "We're concerned that there're a large number of victims."
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a3003b6f-2fbf-4525-a6dc-406c0ccb697e
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726031.0
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2021-03-02 00:00:00 UTC
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Hacking group targets organizations via Microsoft server software -researcher
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DELL
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https://www.nasdaq.com/articles/hacking-group-targets-organizations-via-microsoft-server-software-researcher-2021-03-02
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nan
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nan
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By Raphael Satter and Christopher Bing
WASHINGTON, March 2 (Reuters) - An unknown hacking group recently broke into organizations using a newly discovered flaw in Microsoft MSFT.O mail server software, a researcher said on Tuesday, in an example of how commonly used programs can be exploited to cast a wide net online.
Microsoft's near-ubiquitous suite of products has been under scrutiny since the hack of SolarWinds, SWI.N the Texas-based software firm that served as a springboard for several intrusions across government and the private sector. In other cases, hackers took advantage of the way customers had set up their Microsoft services to compromise their targets or dive further into affected networks.
Hackers who went after SolarWinds also breached Microsoft itself, accessing and downloading source code - including elements of Exchange, the company's email and calendaring product.
Mike McLellan, director of intelligence for Dell Technologies Inc's DELL.N Secureworks, said he noticed the recent issue after a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm.
"It appears to be someone scanning and exploiting Microsoft Exchange servers in some way. We don't know how," he told Reuters.
Microsoft said in a statement that it would be "releasing an update and additional guidance to customers as soon as possible." The statement said there was no relationship between the recent activity and the SolarWinds-tied hacking campaign.
McLellan said that for now, the hackers appeared focused on seeding malicious software and setting the stage for a potentially deeper intrusion rather than aggressively moving into networks right away.
"We haven't seen any follow-on activity yet," he said. "We're going to find a lot of companies affected but a smaller number of companies actually exploited."
McLellan said he had no solid indication of who might be responsible. The hackers in this case were using a strain of malware called "China Chopper," which - despite the name - is used by a variety of digital spies.
The profile of the targets did not match any particular online threat, McLellan said. "It looks like a bit of a random mix."
(Reporting by Raphael Satter and Christopher Bing; Editing by Dan Grebler)
((Raphael.Satter@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mike McLellan, director of intelligence for Dell Technologies Inc's DELL.N Secureworks, said he noticed the recent issue after a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm. By Raphael Satter and Christopher Bing WASHINGTON, March 2 (Reuters) - An unknown hacking group recently broke into organizations using a newly discovered flaw in Microsoft MSFT.O mail server software, a researcher said on Tuesday, in an example of how commonly used programs can be exploited to cast a wide net online. Microsoft's near-ubiquitous suite of products has been under scrutiny since the hack of SolarWinds, SWI.N the Texas-based software firm that served as a springboard for several intrusions across government and the private sector.
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Mike McLellan, director of intelligence for Dell Technologies Inc's DELL.N Secureworks, said he noticed the recent issue after a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm. By Raphael Satter and Christopher Bing WASHINGTON, March 2 (Reuters) - An unknown hacking group recently broke into organizations using a newly discovered flaw in Microsoft MSFT.O mail server software, a researcher said on Tuesday, in an example of how commonly used programs can be exploited to cast a wide net online. "It appears to be someone scanning and exploiting Microsoft Exchange servers in some way.
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Mike McLellan, director of intelligence for Dell Technologies Inc's DELL.N Secureworks, said he noticed the recent issue after a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm. By Raphael Satter and Christopher Bing WASHINGTON, March 2 (Reuters) - An unknown hacking group recently broke into organizations using a newly discovered flaw in Microsoft MSFT.O mail server software, a researcher said on Tuesday, in an example of how commonly used programs can be exploited to cast a wide net online. In other cases, hackers took advantage of the way customers had set up their Microsoft services to compromise their targets or dive further into affected networks.
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Mike McLellan, director of intelligence for Dell Technologies Inc's DELL.N Secureworks, said he noticed the recent issue after a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm. In other cases, hackers took advantage of the way customers had set up their Microsoft services to compromise their targets or dive further into affected networks. Hackers who went after SolarWinds also breached Microsoft itself, accessing and downloading source code - including elements of Exchange, the company's email and calendaring product.
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8355edd3-053e-4597-9164-f99214b1000c
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726032.0
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2021-02-28 00:00:00 UTC
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Dell Technologies Inc. Just Recorded A 26% EPS Beat: Here's What Analysts Are Forecasting Next
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.-just-recorded-a-26-eps-beat%3A-heres-what-analysts-are-forecasting
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nan
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nan
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As you might know, Dell Technologies Inc. (NYSE:DELL) recently reported its yearly numbers. Revenues were US$94b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$4.22, an impressive 26% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
NYSE:DELL Earnings and Revenue Growth February 28th 2021
Taking into account the latest results, the consensus forecast from Dell Technologies' 16 analysts is for revenues of US$97.9b in 2022, which would reflect a modest 3.9% improvement in sales compared to the last 12 months. Statutory earnings per share are forecast to crater 26% to US$3.25 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$94.6b and earnings per share (EPS) of US$2.17 in 2022. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a great increase in earnings per share in particular.
With these upgrades, we're not surprised to see that the analysts have lifted their price target 7.4% to US$86.61per share. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Dell Technologies at US$101 per share, while the most bearish prices it at US$72.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Dell Technologies' revenue growth will slow down substantially, with revenues next year expected to grow 3.9%, compared to a historical growth rate of 12% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.4% next year. Factoring in the forecast slowdown in growth, it seems obvious that Dell Technologies is also expected to grow slower than other industry participants.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Dell Technologies following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates sales are expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Dell Technologies analysts - going out to 2024, and you can see them free on our platform here.
You should always think about risks though. Case in point, we've spotted 4 warning signs for Dell Technologies you should be aware of, and 1 of them makes us a bit uncomfortable.
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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Factoring in the forecast slowdown in growth, it seems obvious that Dell Technologies is also expected to grow slower than other industry participants. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Dell Technologies following these results. As you might know, Dell Technologies Inc. (NYSE:DELL) recently reported its yearly numbers.
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As you might know, Dell Technologies Inc. (NYSE:DELL) recently reported its yearly numbers. NYSE:DELL Earnings and Revenue Growth February 28th 2021 Taking into account the latest results, the consensus forecast from Dell Technologies' 16 analysts is for revenues of US$97.9b in 2022, which would reflect a modest 3.9% improvement in sales compared to the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$94.6b and earnings per share (EPS) of US$2.17 in 2022.
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NYSE:DELL Earnings and Revenue Growth February 28th 2021 Taking into account the latest results, the consensus forecast from Dell Technologies' 16 analysts is for revenues of US$97.9b in 2022, which would reflect a modest 3.9% improvement in sales compared to the last 12 months. It's pretty clear that there is an expectation that Dell Technologies' revenue growth will slow down substantially, with revenues next year expected to grow 3.9%, compared to a historical growth rate of 12% over the past five years. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Dell Technologies following these results.
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NYSE:DELL Earnings and Revenue Growth February 28th 2021 Taking into account the latest results, the consensus forecast from Dell Technologies' 16 analysts is for revenues of US$97.9b in 2022, which would reflect a modest 3.9% improvement in sales compared to the last 12 months. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Dell Technologies following these results. As you might know, Dell Technologies Inc. (NYSE:DELL) recently reported its yearly numbers.
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2021-02-26 00:00:00 UTC
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Dell Technologies Inc. (DELL) Q4 2021 Earnings Call Transcript
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DELL
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https://www.nasdaq.com/articles/dell-technologies-inc.-dell-q4-2021-earnings-call-transcript-2021-02-26
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Image source: The Motley Fool.
Dell Technologies Inc. (NYSE: DELL)
Q4 2021 Earnings Call
Feb 25, 2021, 5:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to the Fiscal Year 2021 Fourth Quarter and Year-end Financial Results Conference Call for Dell Technologies Inc. I'd like to inform all participants, this call is being recorded at the request of Dell Technologies. This broadcast is the copyrighted property of Dell Technologies Inc. Any rebroadcast of this information in whole or part without the prior written permission of Dell Technologies is prohibited. [Operator Instructions]
I'd like to turn the call over to Rob Williams, Head of Investor Relations. Mr. Williams, you may begin.
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Robert L. Williams -- Head of Investor Relations
Thanks, Katherine, and thanks, everyone, for joining us today. With me today are our Vice Chairman and COO, Jeff Clarke; our CFO, Tom Sweet; and our Treasurer, Tyler Johnson. Our press release, financial tables, web deck, prepared remarks and additional materials are available on our IR website. The guidance section will be covered on today's call. During this call, unless we otherwise indicate, all references to financial measures refer to non-GAAP financial measures, including non-GAAP revenue, gross margin, operating expenses, operating income, net income, earnings per share, EBITDA, adjusted EBITDA and adjusted free cash flow. A reconciliation of these measures to their most directly comparable GAAP measures can be found in our web deck and press release. Please also note that all growth percentages refer to year-over-year change unless otherwise specified. Additionally, I'd like to remind you that all statements made during this call that relate to future results and events are forward-looking statements based on current expectations.
Actual results and events could differ materially from those projected due to a number of risks and uncertainties, which are discussed in our web deck and SEC filings. We assume no obligation to update our forward-looking statements. Finally, before I turn it over to Jeff, I want to touch on the amended 13D we filed in July 2020 regarding our exploration of potential alternatives with respect to our ownership interest in VMware. We continue to believe that a tax-free spin could drive significant shareholder value by simplifying our capital structures and enabling greater strategic flexibility while maintaining a strong commercial partnership between Dell and VMware. Both companies continue to be engaged on key work streams, and as VMware communicated earlier today, we are making progress in our discussion. However, there is no assurance that we will reach a definitive agreement. We will not address the discussions any further or take questions related to this topic on today's call.
Now I'll turn it over to Jeff.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Thanks, Rob. Hi, everyone. Thanks for joining us for our first call of calendar 2021. 2020 was a year that none of us anticipated and none of us want to repeat. But it also brought out the best of humanity and reinforced the criticality of technology to solving the problems of today and tomorrow. At Dell Technologies, we are grateful and honored to have a central role in helping our customers, from consumers to the largest enterprises, keep our society, our economy and our lives moving forward. Finally, I could not be prouder of how our teams responded in Q4 and throughout this challenging year, delivering for customers worldwide the real business outcomes they need. As a result, our customer relationships and conversations have deepened. And no customer is asking how they can unwind their investments in digital transformations. It's all about moving their businesses forward and investing in their future. For example, gaining insights from data, customers like the University of Pisa in Italy, turned to PowerStore, PowerScale and PowerMax for core storage infrastructure to enable remote learning and accelerate their hybrid cloud and AI projects. Swisscom AG is using our as-a-Service and flexible consumption storage solutions for affordable, on-demand access to extra capacity when they need it. And Dell Technologies is in the middle of the edge and telecom transformation, most recently with Tech Mahindra and AlefEdge in Brazil to offer edge computing as a service to local telecommunication service providers. These customer examples illustrate not just the market tailwinds that will benefit Dell Technologies, a future that is highly digital and highly distributed, but why we are uniquely positioned to take advantage of the trends.
Our unique direct sales engine touches more customers than anybody in technology, giving us insights as we build solutions and allowing us to meet customers where they are in their digital transformation. Our breadth from edge to core to cloud makes us relevant no matter the customer challenge, and our unmatched global services allow us to simplify IT complexity for our customers. Behind all of this, of course, our award-winning product teams, a global supply chain with unmatched scale and reach and financing capabilities that make us trusted IT -- makes us trusted advisors, excuse me, to IT decision-makers of companies of all sizes. Dell Technologies has never been stronger or more relevant. Turning to the financial results. We delivered a record $26.1 billion of revenue in Q4 with sequential revenue growth of 11%, driven by strong results in our CSG and VMware businesses as well as our improvement in the ISG business. Tom will cover Q4 in more detail later in the call. For the full year, revenue was a record $94.4 billion, up 2%. Operating income was up 6% to $10.8 billion. And adjusted EBITDA was $12.7 billion, up 8%. Earnings per share for the full year was $8, up 9%. Throughout FY '21, we leveraged the depth and breadth of our portfolio to lean into the pockets of growth when and where they occurred. We executed with discipline, speed and precision. And in what was an extremely dynamic environment, we delivered record results.
Our Client Solutions Group had an outstanding year, delivering record shipments, revenue and operating income. Revenue for the full year was $48.4 billion, up 5%. And operating income was up 7% to $3.4 billion. And for the calendar year 2020, according to IDC, we shipped 50.3 million units, up 8% and the most ever in a year. Our commercial PC results were even stronger with commercial unit growth of 11%. Dell gained the most commercial unit share of the top three vendors with share gain concentrated in notebooks. Resilient demand was driven by the fast-growing technology-enabled world where consumers can do anything from anywhere. Instead of going to work, school, entertainment, a restaurant or shopping, it all comes to us. The PC is the hub of this new economic model. Our consumer business delivered record revenue of $13 billion for the year, up 12%. Customers have shifted to e-commerce, and our strategy shift earlier this year to advantage our direct and online selling paid off. Our consumer business was up 51% on a revenue basis based on orders, and our consumer online business was up 64% for the year on orders revenue. Commercial revenue was up 3% to 34 -- or $35.4 billion, also a record.
Orders for our commercial notebooks were up 46% on a unit basis and 28% on an orders revenue basis, while orders revenue for Commercial Chromebook was up triple digits. ISG Solutions Group revenue was $32.6 billion, down 4%. We saw demand in the second half of the year improve with our best results in Q4, as spend increased in the infrastructure needed to power the do-from-anywhere world. Servers and networking revenue for the year was $16.5 billion, down 4%, but with growth in the fourth quarter. Server demand improved in Q4, and PowerEdge orders were up mid-single digits. Our storage revenue was $16.1 billion, down 4%, but we did see demand growth in key areas. PowerMax, hyper-converged infrastructure and PowerProtect Data Domain all saw solid growth during the year on an orders basis. Our midrange storage business returned to growth in the fourth quarter, driven by accelerated adoption of a PowerStore. PowerStore orders grew 4 times compared to the third quarter orders as customers embrace the next-generation of modern data center technology and applications. In a challenging environment, PowerStore is ramping faster than XtremIO and VxRail, making it the fastest new architecture we have released. Additionally, approximately 20% of our PowerStore customers are new to our storage business as we tripled the number of wins against key competitors quarter-over-quarter. Our VMware business also had a strong year with revenue of $11.9 billion, up 9%. Our partnership and co-innovation engine with VMware has never been stronger. In Q4, we announced a collaboration with SK Telecom and VMware to deliver 5G-enabled edge computing solutions to help enterprises quickly act on data where it resides.
Throughout a year of unprecedented disruption, we were able to pivot quickly, deliver profitable growth, disciplined share gains, consistent execution, innovation and strong financial returns. Now let's move from FY '21, and I'll share a little perspective of what we see ahead. We believe the demand environment will continue to improve. Estimates from both IDC and Gartner see IT spending growing mid-single digits in calendar year 2021, including growth in our core PC, server and storage markets. The do-from-anywhere world is here to stay. We believe the total addressable market is expanding as there are still millions of children around the world that need PCs. The number of PCs in the household continues to increase. And additionally, the refresh cycles are accelerating with the shift to notebooks. And we are on the cusp of widespread 5G connectivity driving real-time, automated and intelligent outcomes at the edge. This will drive an estimated $700 billion in cumulative spend on the edge -- on edge IT infrastructure and data centers within the next decade. There is a lot of opportunity ahead for Dell Technologies, and we are going after it with a balanced growth strategy. That begins with growing and modernizing our core businesses. The value creation potential in our client and our infrastructure business is enormous as we consolidate share in the markets that have steady GDP-like growth. We also know long-term success means doing more than just winning the consolidation. It requires us to keep modernizing the customer experience, which brings us to APEX, announced last October at Dell Technologies World.
With APEX, we are extending our long history of offering IT as-a-Service to deliver IT resources on demand, Dell managed infrastructure, enabling our customers to pay for only what they use, built on a foundation of trusted technology all at scale. Starting in May, we will bring the first of the new APEX offers to market and add new offerings over the course of the year. This foundational work sets us up to respond to accelerating customer needs and capture market momentum, momentum toward a hybrid, distributed future fueled by data and analytics. We are integrating and innovating on VMware and across our leading capabilities and partner ecosystems to create the automated, integrated infrastructure for 5G and the data era that is AI and ML enabled with intrinsic security throughout. And that's how we win at the edge, the next technology frontier.
By extending our cloud model and ecosystem to the edge, we can provide a consistent approach to infrastructure, data, applications and security across the entire environment. The competitive advantages I highlighted earlier, our end-to-end portfolio, our sales force and customer intimacy, our global services capability give us a distinctive position in the next evolution of our industry. Before I turn it over to Tom, let me leave you with a few thoughts. We are emerging in an advantaged position for the enormous opportunities ahead, technology delivered as-a-Service, 5G and edge computing. Technology is clearly front and center for the digital futures. And Dell Technologies is uniquely positioned to win in the data era that is already under way.
Now I'll turn it over to Tom for a closer look at the financials.
Tom Sweet -- Chief Financial Officer
Thanks, Jeff. Given what we were modeling for the demand environment early last year with the onset of the pandemic, I am pleased with the record results in revenue, operating income, earnings per share and cash generation, both for the full year and the fourth quarter. Flexibility of our business model and the adaptability of our team positioned us to successfully navigate the macro environment while enabling our customers' digital transformation. We ended the year with a strong Q4. Revenue was up 8% to $26.1 billion, driven primarily by the strong growth in our CSG and VMware businesses, with improvement in our ISG business. With a weaker U.S. dollar, FX was a tailwind in the quarter of approximately 100 basis points. Gross margin was $8.6 billion, up 3% and 33% of revenue. Gross margin as a percent of revenue was 170 basis points lower, driven by the overall mix shift to CSG given the strong client demand environment. Operating expense was $5.3 billion, down 5% year-over-year, but up 6% sequentially. In the quarter, we started to add back certain employee-related costs, like 401(k) match, merit, promotions and new hiring to support growth. Operating income was up 19% to $3.3 billion or 12.6% of revenue, driven primarily by our operating expense controls, revenue growth in CSG and improved consumer gross margins.
Consolidated net income was $2.3 billion, up 36%, and earnings per share was $2.70 a share, up 35%. Our operational execution and the strong demand environment combined to deliver record P&L metrics and a record $5.9 billion in cash flow from operations. Total deferred revenue was $30.8 billion, up $3 billion. Our recurring revenue, which includes deferred revenue amortization, utility and as-a-Service models, is now approximately $6 billion a quarter, up 8% year-over-year. And as Jeff highlighted, our APEX offerings will broaden our as-a-Service solutions across our portfolio, giving customers more flexibility to scale their IT solutions to meet their business needs and budgets. Turning to the business units. Our Client Solutions Group delivered record results. The ongoing strong demand for remote work and learning solutions, along with gaming systems, drove CSG revenue up 17% to $13.8 billion as we delivered record shipments again in the quarter. Commercial revenue was up 16% to a record high $9.9 billion as we continue to see strong growth in Latitude and Precision notebooks and Commercial Chromebooks. Consumer revenue also reached a record at $3.8 billion, up 19%, driven by strength across all of our consumer notebooks and gaming systems. CSG operating income was up 67% to $1 billion and was 7.6% of revenue.
We saw better-than-expected profitability due to our record shipments, favorable component costs, improved profitability in consumer and continued operating expense controls across the business. Our client solutions business had an extraordinary year in FY '21 as we moved quickly to take advantage of demand opportunities. This business consistently provides stable revenue and generate strong cash flow regardless of the demand cycles we see in the PC space. Now with the record year we just finished, CSG revenue has grown at a 7% CAGR over the last five fiscal years, while the CAGR for operating income has grown by 18%. ISG revenue was $8.8 billion, which was flat year-over-year, but up 10% sequentially. We were pleased to see improvement in this business as we ended the year, and we believe that there will be improved demand for infrastructure as we move through fiscal year '22. Storage revenue was $4.4 billion, down 2%. Midrange, PowerProtect Data Domain and VxRail were highlights as all three saw solid orders growth. As Jeff described, PowerStore is gaining momentum, and we are encouraged by the upward trajectory of the ramp as orders grew 4 times quarter-over-quarter. Servers and networking returned to growth with revenue up 3% to $4.4 billion. We are pleased with mainstream orders growth, up 11% sequentially. And we saw improved demand from large enterprises and continued improvement from our small and medium customers.
ISG operating income was a record at $1.2 billion or 13.5% of revenue, which was up 80 basis points as we benefited from lower operating expense in an improving demand environment. The VMware business unit also had a record quarter, delivering revenue of $3.3 billion, up 6%, and operating income of $1.1 billion or 32.2% of revenue. Based on VMware's stand-alone results, subscription as-a-Service revenue grew 27%. The business saw strong growth in the VMware Cloud Provider Program, End User Computing, Carbon Black and VMware Cloud on AWS. VMware Cloud on AWS once again had a great quarter with both workloads and revenue nearly doubling year-over-year. Looking at our Dell Technologies results from a geographic perspective. We saw an encouraging rebound in Q4 orders demand across many of our largest countries. In our top three markets, the United States was up 1%, China was up 12%, and U.K. was up 18%. Dell Financial Services fourth quarter originations were $2.4 billion and were $8.9 billion for the full year, up 5%. DFS ended the year with a record $13.1 billion in total managed assets, up $1.5 billion year-over-year, with global portfolio losses at historical lows. Turning to our capital structure and balance sheet. We had record cash flow from operations, both for the fourth quarter and the full year. Our strong profitability and sequential growth, along with our working capital management, drove record Q4 cash flow from operations of $5.9 billion. For the full year, we generated $11.4 billion in cash flow from operations. Adjusted free cash flow in the quarter was $5.5 billion, up 46%.
And for the year, adjusted free cash flow was $10.5 billion. Cash flow from operations for the past three years maintained an average of $9.2 billion, illustrating a strong, stable cash generation ability. Cash and investments at the end of the quarter was $15.8 billion and approximately $10.6 billion at core Dell. Adjusted EBITDA was $3.8 billion, up 19% at 14.6% of revenue. For the full year, adjusted EBITDA was $12.7 billion, up 8%. We delivered on our fiscal year '21 core debt pay-down target of $5.5 billion and are pleased with the progress we've made on delevering. Considering the uncertainty that arose in the early stages of the pandemic, this progress is extraordinary, and I'm proud of the team for our strong liquidity position as we exited the year. The strong debt pay-down, along with lower interest rates, drove interest expense down approximately $300 million year-over-year. During the fourth quarter, we paid down approximately $2.4 billion of core debt. Since the quarter ended, we have notified our bondholders of our intent to repay $1 billion in legacy and high-yield notes that are coming due later in the year. With this anticipated pay-down, we only have approximately $500 million of remaining scheduled maturities for fiscal year '22. Our total debt principal balance as of fiscal year-end now stands at $48.5 billion, and that includes DFS-related debt of $10.3 billion and subsidiary debt of $4.8 billion. Our core debt ended the quarter at $29.2 billion, and our core leverage ratio is now approximately 2.5 times, which is well within our target core leverage range of two to 3 times. Given our continued strong cash generation and debt pay-down, S&P and Fitch both raised their credit outlooks for Dell Technologies and VMware from negative to stable while maintaining their current credit ratings.
We will continue to prioritize debt pay-down as part of our capital allocation strategy, and we are confident in our path toward an investment-grade rating. Now to our outlook for fiscal year '22 and Q1. For fiscal year '22, while the exact timing is fluid, we expect the global economy to improve as we move through the year. This should benefit ISG and VMware as the year progresses, particularly as our customers return to the office. We expect CSG strength to continue through the first half with tougher compares in the second half. Factoring in VMware's stand-alone guidance, the divestiture of RSA and the ongoing risks associated with the macro environment, we currently expect revenue to grow in the low to mid-single-digit range. We expect to see costs come back into the P&L, though not fully back to prepandemic OpEx levels. We have reinstated a number of employee-related benefits, most notably merit, promotions and 401(k) match, and VMware and Dell core businesses are investing for long-term growth. These expense additions and their full year impact, combined with VMware guidance for operating income of 28% for their stand-alone P&L, should be factored into your operating income models. Also, remember Dell Technologies' VMware business unit results include additional OpEx that we recognize related to the combined solutions selling expenses. Below the operating income line, we will benefit from the lower interest expense and a stable tax rate of 18%, plus or minus 100 basis points. Please also factor in a higher weighted average share count, driven by the absence of a share repurchase program in FY '21 and currently planned for FY '22. In addition, we expect to pay down at least $5 billion in debt this year, including the $1 billion I referenced a moment ago.
For Q1, there are a few items we would like you to consider: First, you should factor in VMware stand-alone revenue guidance, which is in line with normal seasonality. We also expect typical revenue seasonality for ISG. For CSG, we had an exceptional fourth quarter, and we expect continued solid industry demand in Q1, with industry demand potentially outpacing supply. As a result, we currently expect strong revenue growth in the mid-teens year-over-year. Given our exceptional results in Q4 and Q1 last year, we would be happy with that result. This nets out to Q1 revenue -- Q1 year-over-year revenue growth in the mid-single-digit range. Below the revenue line, the same perspectives I shared for the full year will also impact your Q1 modeling. Factoring this in, we expect operating income dollars to be down slightly year-over-year. In closing, we have a strong operating heritage focused on execution in our core businesses and value creation over time. Our model delivers top line growth, solid profitability and generates strong cash flow through various economic cycles and environments. Over the last four years, our ISG and CSG combined revenue has grown at a 5% CAGR and contributed more than $310 billion in revenue with approximately $25 billion in operating income. In that same time period, our VMware business segment has delivered $41 billion in revenue and $12 billion in operating income. Last year was no exception to that strong execution and value creation focus. We outgrew our competitors, gaining share in commercial client and servers. We reenergized our midrange storage offering.
We grew profitability faster than revenue and generated record cash flow. We delivered on our fiscal year '21 delevering goal and continue to focus our capital allocation policy on debt pay-down. And we've taken the appropriate corporate structure steps as evidenced by the ongoing simplification of operations, the divestiture of RSA and the exploration of a potential tax-free spin of Vmware. As we look forward, we will continue to focus on what we can control and be disciplined in balancing growth with profitability and investing in future growth vectors.
With that, I'll turn it back to Rob to begin Q&A.
Robert L. Williams -- Head of Investor Relations
Thanks, Tom. Let's get to Q&A. [Operator Instructions] Erica, can you please introduce the first question?
Questions and Answers:
Operator
Your first question comes from the line of Aaron Rakers with Wells Fargo.
Aaron Rakers -- Wells Fargo -- Analyst
Yes, thanks. I guess the question is on the PC business. As we look at your growth, commercial up 16%, I think your competitor tonight was down 6%. I'm just curious, how do you see, as we return back to normal, just the demand environment on commercial PCs? And what's your expectation of growth in that segment as we move through the course of 2021?
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Sure, Aaron, this is Jeff. If you think about where the strong points of growth have been in commercial this past year, we think there are sources of growth as we head into 2021, education being one of those, the public sector being one of those. There's modernization moving toward notebooks, the mobile form factor. We're seeing the mobile form factor now represent roughly 25% -- or, excuse me, 75% of the marketplace, desktops being 25% of the marketplace. That bodes well for public organizations that have been roughly 50-50, notebooks, desktops. So some catching up to do there. We think that continues to fuel growth as we head in to the 2021 calendar year, soon to be, or now our fiscal '22 for us. So I think those signs are good. I think we also have to realize that people are going to go back to work and go into an office, in many cases, they haven't been in for 5, 6, seven quarters, depending on when that occurs. That will be the largest aging or the most significant aging of an installed base that certainly we've seen ever in our industry.
I also think this -- it's an important consideration. This work-from-home and do-from-anywhere environment, we don't believe slows down postpandemic or post people going back to the office. So we're going to continue to see an environment where people will do more and more work, more and more of their activities away from the office, driving demand for PCs, which has become essential in this type of work environment, this type of consumer environment. I think I said on our last call, there's no question in our mind that the PC has become one of, if not the most, essential device in this work from anywhere, do-from-anywhere environment that we're in today. Long-winded way of saying, I think the market continues to look strong. If you saw the IDC data that came out yesterday, their strength of the demand environment continues to be strong in both the commercial and consumer marketplaces in calendar '21. I hope that helps.
Aaron Rakers -- Wells Fargo -- Analyst
Yeah. Thank you and I appreciate it.
Robert L. Williams -- Head of Investor Relations
Let's go to the next question, please?
Operator
Your next question comes from the line of Rod Hall with Goldman Sachs.
Rod Hall -- Goldman Sachs -- Analyst
Yeah. Great. Thanks for the question. Tom, I wanted to drill into this cash flow number because it's extremely strong and just get you maybe to talk a little bit about working capital changes there, how that working capital change looks in April. I mean, normally in April, you'd be increasing working capital. I wonder if that's going to be the case this year. Just maybe talk us through kind of how sustainable some of that is.
Tom Sweet -- Chief Financial Officer
Yes, Rod, I'm happy to chat about it. First, let me just say, I think the company had an extraordinary Q4 from a cash flow perspective. And I think it shows the power of the model when you get sequential growth quarter-on-quarter in the business like we get. And Q4 is normally a strong cash flow quarter for us to begin with, Rod. So if you look at the demands or the dynamics within working capital, what you saw was despite the strong revenue growth, which drove a build in accounts receivable, our aging actually improved. I think we had good discipline around our inventory positions. And our payables positions were, I think, appropriate. As we think -- so there wasn't really anything unusual in the quarter from a working capital dynamic other than I think the team executed well in managing the balance sheet, and we benefited from the strong business environment and the revenue environment that we saw. I would -- so as we step from Q4 into Q1, I would remind everybody that Q1 is traditionally our weakest cash quarter. It's also generally our weakest quarter of the year from a business perspective. So we normally see a cash -- we normally burn some cash in Q1.
And I think our expectation is, is that we'll do that again in the quarter, although probably not to the extent that we did it a year ago. So I mean I think we're being good -- I feel really good about our cash position, $10.6 billion at the core Dell level. I think the teams -- I think we're well positioned from a liquidity perspective. If you heard in my prepared remarks, we've already notified the bondholders of $1 billion pay-down from some of the maturity schedules that are due this year, which only leaves us $500 million of scheduled maturities for the year. So I think we're in good shape, Rod, and we'll continue to manage our way and be disciplined in the balance sheet. Tyler, would you add anything to that?
Rod Hall -- Goldman Sachs -- Analyst
Okay. Thank you
Tyler W. Johnson -- Senior Vice President and Treasurer
Yes. Look, I think the only thing I would add is, look, I think we'll remain focused on working capital, right? I mean we did end at really good levels, right? I don't expect there to be a material shift as we work through next year. So I guess the only other thing is, keep in mind also that Q1 a year ago, we did have some impacts from COVID to working capital, right? So obviously, we won't have those same impacts going into Q1 this year.
Robert L. Williams -- Head of Investor Relations
Thanks, Tyler. Thanks, Rod.
Rod Hall -- Goldman Sachs -- Analyst
Thank you
Robert L. Williams -- Head of Investor Relations
Next question, please?
Operator
Your next question comes from the line of Katy Huberty with Morgan Stanley.
Katy Huberty -- Morgan Stanley -- Analyst
Yes. Thank you. Maybe, Jeff, what do you expect the shape of the recovery to look like in ISG this year, given that was a laggard in fiscal '21? And just any color around orders or the pipeline build that you saw in ISG that might build some confidence in a recovery.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Sure. I will tell you, it's one of the questions Tom and I often sit back and reflect on inside the company as we look at our FY '22 plan, just how the ISG market responds. You've seen the market forecast there shows growth to be in both the server and storage sectors. We spend a lot of time trying to figure out and model what that looks like in terms of when and at what rate it comes back. It's still a little foggy, if you will, to call because if you look at the IDC forecast for storage, as an example, in Q1, it's negative. That said, I think there's some encouraging signs in our business. If you recall in our Q3 comments, I think I made a comment that our server business accelerated throughout the quarter, and that momentum continued in Q4 to the point where our server business had, for the first time in eight quarters, growth. That's encouraging. We saw in our server business, large bids respond back positively. Our small business and medium business sectors came back positively. So seeing growth in the server sector is, I think, very encouraging for us. We saw growth in the high-value workloads. We're actually very excited about the progress that we've made in high-value workloads, seeing that growth being in, let's say, significant double digits, if you will, and increasing our share position in the most valuable workloads in the data center. I'm encouraged by that, and it clearly looks like server momentum continues. Storage. Clearly, you've seen our results.
We were down in the quarter, an improvement over Q3. We saw vast improvement in the midrange. The first time we've grown the midrange now in storage, I believe it's in nine quarters. We grew midrange by 8% on the back of PowerStore. We had growth in both our PowerStore business, our HCI segment. We grew in our data -- our PowerProtect Data Domain segment. And we grew, which I think is equally important, in our all-flash array segment. So we had growth in those areas in our storage business. Obviously, still down, but I'm encouraged by the progress we've made in the midrange. I think I made reference in our talking points about PowerStore is now up four times what it was in Q3 and Q4. 20% of the customers are new storage buyers. Our win rate against the competition is up or tripled or up three times, if you will. And I think that bodes well, given the progress we've made over the last three years, in consolidating the high end of the storage marketplace, where we've aggregated our share position by over 1,300 basis points to over 50% of the market in the high end. Now with the momentum we have in the midrange, the opportunity is to grow the sub-$250,000 segment, the midrange, and that's what we eye. How to call that? Tom can weigh in here in a moment. We both spend a lot of time -- I don't know, which is probably -- you've seen some of the prudent outlook that we have for the year of when that comes back in our business.
Tom Sweet -- Chief Financial Officer
No, I would just say, Jeff, that -- I would agree with that, Katy. I mean it's just trying to figure out the pace and timing, I think, is what we've been focused on, and it's a little unclear now. We clearly think the back half is better than the first half.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Correct.
Tom Sweet -- Chief Financial Officer
In terms of ISG velocity, just a question of that sequencing and the timing. So we're obviously going to be focused on it. And I think you've seen our history and our execution where we will drive where there's growth and take advantage of the market opportunities, but it's still a little bit unclear in terms of sequencing there.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
All right. Awesome. Thanks Tom. Katy, Thanks. Katherine, if you take the next question.
Operator
Your next question comes from the line of Tim Long with Barclays.
Peter Zdebski -- Barclays -- Analyst
Hi. This is Peter Zdebski on for Tim. Congratulations on the quarter. [Indecipherable] if you could drill down a bit on the gross margin outlook into fiscal '22, specifically as related to component costs and any supply chain considerations there.
Tom Sweet -- Chief Financial Officer
Yes. Let me start, and then, Jeff, you should take the supply chain and component cost. So look, I think as we think about margin -- and I'm not going to go to gross margin. Let me just sort of think -- tell you about how we think about the bottom of the P&L, so to speak. Look, there'll be some mix dynamics as we work our way through the year in terms of the CSG, ISG businesses. We also -- let me remind you that we've also added -- we are adding OpEx back into the business this year as we think about the -- some of the employee benefits that we've reinstated, like 401(k) match and some of the merit cycle. VMware is also investing in their business. And so they've got a heavier -- a bit more OpEx into the business. So net-net, I would tell you that we do think there's a -- if we think about operating margin, we do think on a percentage basis, that it is -- it probably runs slightly lower than it did this year. And the absolute dollars are probably down slightly as well. So those are the things that we're working our way through. Now, look, I mean, I think the reality is, is that we'll have to work our way through the year in component costs, which Jeff can highlight. This is going to be a dynamic that we're going to have to work through as well.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Yes. Happy to weigh in on the supply chain and commodity cost dynamics. Clearly, in 2020, we ended the year as a deflationary year. Our view right now, as we look at 2021, Q1 is light deflationary. And then we believe, over the year, it becomes inflationary. What's driving that? We see, in Q1, SSDs continue to be coming down in costs, offset, if you will, by increased cost, what we see in LCDs and ICs that are driving some of the demand-supply shortages that we have in the marketplace today. If I was to call out one specific thing, which we're keeping our eye on, is freight costs. Freight costs continue to be a challenge for us. So that's not exactly a component or a commodity cost that's part of our supply chain transformation. And while rates have, I think, eased a little bit, the fact is the industry is using, and we are using, more air. We're expediting more, and the air network is tight. So we continue to watch the cost increase overall in that area as well as steering into an overall inflationary year in calendar '21. But to be specific, deflationary in calendar Q1 -- fiscal Q1, excuse me.
Robert L. Williams -- Head of Investor Relations
Thanks, Jeff. Next question.
Operator
Your next question comes from the line of Toni Sacconaghi with Bernstein.
Toni Sacconaghi -- Bernstein -- Analyst
Yes. Thank you. Tom, you commented about full year '22 guidance being in the low to mid-single digits. But I think at spot rates, currency will probably help almost two points. Maybe you can confirm that. And you also talked about IDC and Gartner end markets growing at 5%. So putting those all together would be that you're kind of assuming share loss in 2022, and I'm wondering if you can reconcile that. And maybe more specifically, I think there's always a lot of interest from investors about ISG. That's been the one business that has been up and down over the last four years. I think it's been down three the last 4. Do you believe that servers and networking and storage can grow at constant currency in fiscal '22? And is that sort of embedded in your guidance?
Tom Sweet -- Chief Financial Officer
Toni, so let me try and connect the dots with those multiple data points that you threw out. So look, I think as our -- our view right now is we think our way through fiscal '22. And let me start with the fact that, well, there are signs of optimism or -- in terms of ISG demand, we do -- we are being prudent, in my opinion, on when does that sequence in. So we'll take advantage of the growth opportunities that are there as they present themselves. I think from a revenue framework, I would have you think about -- our range of thinking right now is roughly in that 3% to 5% from a revenue growth range with what we know today. Obviously, we'll continue to watch this and take advantage of the opportunities and continue to provide you our perspective as we think our way -- as we go through the year. On a currency basis, I'll ask Tyler to jump in as well. Look, we do expect to get a bit of a tailwind from currency. I won't comment on the spot rate comment that you made. But...
Tyler W. Johnson -- Senior Vice President and Treasurer
I think it's fair.
Tom Sweet -- Chief Financial Officer
Yes. I think that's -- I think currency should be a benefit with what we know today. So Ty, would you add anything to that?
Tyler W. Johnson -- Senior Vice President and Treasurer
Yes. No, look, I mean, I think definitely, we're seeing favorability there, and we'll see what happens over the course of the year. But I agree, I think we'll see some favorability.
Robert L. Williams -- Head of Investor Relations
All right. Good. Thanks, Toni. Next question.
Operator
Your next question comes from the line of Simon Leopold with Raymond James.
Simon Leopold -- Raymond James -- Analyst
Thanks for taking the question. I wanted to see if you could maybe discuss the impact of the semiconductor supply constraints, what you're doing to address, what we've heard across the board in terms of shortages. And if you can quantify if there was a revenue impact in the current quarter and in the April quarter, what you expect as constraint from just supply chain shortages of semiconductors.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Sure. I'm not sure, Simon. I know exactly what you're hearing, but I'll at least illustrate what we're working through. And clearly, we've been maneuvering across our supply base for now the better part of 2.5 years. There are shortages, most notably for the past couple of years with microprocessors. I think we made mention of it at the end of last quarter, the notion of that's now impacting things like LCDs. At the core of the issue is wafer capacity is taxed. There's been a number of substrate issues that have disrupted the supply. That has impacted particularly the 8-inch network. The 8-inch network makes a lot of the basic components that we all need in the industry from TCON, to driver ICs, to power ICs, to microcontrollers, card readers, codecs, you name it. Those are the types of issues we are working through as an industry. Certainly, Dell is working through that. I think we've shown the ability to be resilient and responsive. At this point of pride, we shipped the most PCs we've ever shipped in Q3.
We followed that up in Q4 by shipping the most PCs we've ever shipped in Q4. We had the best quarter in terms of absolute shipments and calendar [Indecipherable] more according to IDC. We just came off 50 million units of PC shipments in the calendar year. This is what we do for a living. This is -- there are challenges. I'm certainly not in denial about that. If you look at the forecast that came out from IDC last night, there's certainly a lot of demand. And we have challenges to make sure that we get the supply for our companies. Again, it's totally new. We think our total buy helps us here. We think our long-term relationship with our supply base helps us here. We think our direct model helps us here by shifting demand to the components that we do get. But if you are hearing that there are supply shortages, you are hearing correctly. I hope it's across the areas that I described. And that's what we see, and we're navigating real time today. I hope that helps, Simon.
Simon Leopold -- Raymond James -- Analyst
It does. Just to clarify, not an issue you're seeing affect your April quarter?
Robert L. Williams -- Head of Investor Relations
Simon, we're just going to go with one question. You can jump back into the queue and follow up if you'd like to. Thanks.
Operator
Your next question comes from the line of Krish Sankar with Cowen and Company.
Krish Sankar -- Cowen and Company -- Analyst
Yes. Hi. Thank you for taking my question and Congrats on the good results in delevering. Jeff, I had a question on the storage front. You folks have done a great job in consolidating the storage product portfolio over the last couple of years. And you highlighted some share gains a few quarters ago. How should we think of that momentum going into FY '22? And where is your storage market share today?
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Lots of questions. Let me see if I can work through that. So we've largely spent the last three years simplifying and consolidating the portfolio into the Power portfolio that you would know them as PowerMax, PowerStore, PowerVault, PowerScale as the primary storage of vehicles. That's gone from -- I think I've quoted in the past of 88 different platforms consolidating that to roughly 20 across our portfolio. We've seen tremendous progress in consolidation in the above $250,000 product space. Over the last three years, I think I mentioned we've taken 1,300 basis points of share, have over 50% of the most valuable storage market. The challenges that we had, which we've talked about at numerous of these calls, is midrange, which is the largest single portion of the marketplace. And PowerStore is the vehicle that we built, we launched in May and have been ramping through the year to begin to change our growth trajectory in that business. I'm pleased to say midrange grew 8% in fiscal Q4, again, the first time we've grown midrange in nine quarters. It's all on the back of PowerStore. The product is being received well by our customers.
Again, over Q3, we grew 4 times. We tripled the amount of competitive takeouts. 20% of the customers are new to the -- or excuse me, we doubled the amount of new customers. 20% of the customers are new to our storage business just for PowerStore alone. It is clearly the vehicle that we intend to take share with in fiscal '22, calendar '21. I like the progress we've made, but we have work to do in front of us. Tom and I have talked about our, I guess, strategic impatience of we want more faster. We like how we've ended the year. We exit on a high note, and we have a big set of ambitions about taking share in the midrange and storage for PowerStore. Given the progress that we've made in unstructured, the progress we've made in the high end, this is the space for us to absolutely capture needed market share. We intend to do so. Your last question, what's our market share? If memory serves me right, it's right at 28% from the last reported quarter from IDC, which was Q3. I believe. If I'm off by a couple of tenths, I'm in the zip code.
Robert L. Williams -- Head of Investor Relations
29.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Excuse me, I was wrong. 29. That's more -- I don't like being off that much. Thank you, Rob. I appreciate that. 29.
Krish Sankar -- Cowen and Company -- Analyst
Thank you, Jeff.
Robert L. Williams -- Head of Investor Relations
I rounded up.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Oh, you rounded up.
Robert L. Williams -- Head of Investor Relations
Rounded up to 20 basis points.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Thanks, Chris. Appreciate that. Nice question.
Operator
Your next question comes from the line of Wamsi Mohan with Bank of America.
Wamsi Mohan -- Bank of America -- Analyst
Yes. Thank you. Yes. Last year, about 12 months ago, you had expected fiscal '21 to look like fiscal '19 from an op margin rate perspective. Instead, it turned out to be quite different, for obvious reasons. As we look at fiscal '22, maybe can you draw a similar comparison, looking back at prior years, whether it's fiscal '19, '20 or '21, and talk about how we should think about the profile of fiscal '22? And if you can comment on order visibility trends relative to three months ago, that would be helpful, too.
Tom Sweet -- Chief Financial Officer
Wamsi, it's Tom. So let me try and sort of give you some context around it. As -- obviously, fiscal year '21 had a number of twists and turns and with the pandemic and the extraordinary growth in the CSG business and the work from home environment, along with the sort of the supply demand dynamic, pricing has -- in FY '21 was relatively stable, which helped us from a margin perspective. I think a couple of things to think about as we step into '22 and as it relates to sort of op margin, we do expect op margin to go down in '22 for a couple of reasons: One, think about the VMware stand-alone guidance, first and foremost, where their operating margin guidance is down; secondly, we have incremental OpEx going into the business, both from an employee benefit perspective as reinstates and benefits as well as some investments. So we do think from a operating margin percentage, that it will be less than FY '21. If you go back to an FY '20 context, for instance, I do expect that it will be lower than the FY '20 operating margin. So I do think you got to take that into account. But principally, you got to think about the VMware dynamic within our consolidation. So -- and from that perspective, I think that, that's something you should be thinking about. So I think overall, we'll work our way through the year and take advantage of the growth vectors that are there, but we'll have to work -- there will be some challenges as we work our way through the year, as usual.
Robert L. Williams -- Head of Investor Relations
All right. Thanks, Wamsi.
Operator
Your next question comes from the line of Amit Daryanani with Evercore.
Amit Daryanani -- Evercore -- Analyst
Thanks for taking my question. I guess my question is really going back to the free cash flow discussion. Really impressive free cash flow generation this quarter. I think you're back within your target leverage you've talked about. So I guess I'm trying to understand, how should we think about fiscal '22 free cash flow? What are kind of the puts and takes worth considering? And then do we expect to shift your capital allocation given all your macro commentary and the fact your leverage is within the target range now?
Tom Sweet -- Chief Financial Officer
Yes. Amit, look, I think we don't give a cash flow forecast per se. So I mean our cash flow generation will be, to some extent, dependent upon how the business performance drives, right? But look, I think we're optimistic about our cash flow and our -- the business overall as we work our way through the year and the cash flow generation as a result of that. Our capital allocation policy is going to remain fairly stable in the context of focused on delevering. We've been pretty consistent on that. And what we have talked about is the fact that as we get to and achieve investment grade, then that allows us to rethink or relook at the capital allocation policy and broaden it out as we've talked about before in terms of how much of our capital do we want to vote to, to debt repayment versus some type of a shareholder return program as well as continuing to invest in the business. So Tyler, I don't know what you would add, if you would add anything on FY '22 free cash flow. But that's how I'm thinking about it.
Tyler W. Johnson -- Senior Vice President and Treasurer
Yes. I mean, look, I think I mentioned it earlier, just from a working capital perspective, we're not expecting any huge shifts in our CCC metrics, and there's nothing unusual. So Tom is right. I mean it will follow the shape of the P&L. But obviously, we feel comfortable with the $5 billion plus debt pay-down target that we're throwing out there. We've got cash on the balance sheet. We'll generate good cash flow. And conversations with the rating agencies are all very positive. I mean I think quite frankly, my guess is, with all three of them, our performance for the quarter and for the year is better than what they had modeled. I think that we'll see what happens going forward for the year. We'll see what happens with VMware. Obviously, they're watching that closely, and that goes into their modeling and their expectations. But we've got a little bit of work to do. We're at 2.5 using our metrics, and I think we want to get closer to 2, right? We're -- I think we're probably over half a turn inside of where S&P wants to see us. There are three crossovers. So we're probably sub-2.5 now. We're 2.5 with our metrics. We'll get Fitch and Moody's there, and we'll get [Indecipherable].
Amit Daryanani -- Evercore -- Analyst
Thanks. I appreciate it.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Thanks Amit.
Operator
Your next question comes from the line of Shannon Cross with Cross Research.
Shannon Cross -- Cross Research -- Analyst
Thank you very much. I was curious, given this is about the time when you look at your comp plans and maybe your channel strategy, what you're focused on for the coming year and what kind of changes you've made to both your channel strategy as well as your comp plans.
Tom Sweet -- Chief Financial Officer
Shannon, it's Tom, and then Jeff can jump in here as well. We haven't made significant change to our comp plans or channel strategy. We continue to refine them, focused on incentivizing the behaviors we want around driving our higher-value products and services and capabilities and making sure that our programs, both from a inside seller and Dell and team member compensation framework and our channel frameworks, are consistent. So not a lot of change, to be honest, right? We've adjusted certain payout structures based upon focus and emphasis, which you might imagine, we continue to be focused on the ISG portfolio to a heavy extent. We continue to be focused on the -- our solution capabilities with VMware, and we're incentivizing those appropriately. Jeff, I don't know if you'd add anything to that.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
I'd just be real precise. Storage and the solutions with VMware, those high-value solutions between the two companies that help our company -- help our customers with digital transformation. And Shannon, you've heard me say this before, storage, storage, storage.
Shannon Cross -- Cross Research -- Analyst
Thank you.
Jeff Clarke -- Chief Operating Officer and Vice Chairman
All right. Thanks Shannon.
Operator
Your last question comes from the line of Jim Suva with Citigroup.
Jim Suva -- Citigroup -- Analyst
Thank you very much for fitting me in. Tom, you gave some really good commentaries on -- overall in your different business segments. I'd just like to ask one follow-up question on the storage business. You talked about how you've done a lot of consolidating of your products, and you feel like your portfolio is in really good shape. If we compare, though, your recent results to, say, NetApp and some of the other ones that just recently came out, though, your year-over-year sales decline is still lagging the others. So can you help me bridge the difference between your comments of the portfolio realignment and where you're positioning with the midrange? Or is it simply a lot of that positioning is yet to come in the future?
Tom Sweet -- Chief Financial Officer
Well, I think, Jim, part of the answer lies in do we have a very large, broad, diverse portfolio playing in all aspects of the storage marketplace. Not all of them grow at a similar rate. For example, I mentioned about the progress we've made in the high end. We've made tremendous progress in the high end. The high end of the marketplace, I think, will show that it slowed down quarter-over-quarter and year-over-year. Our exposure to that, as I mentioned, was half of the marketplace or half of the share is Dell share that has slowed down, that has an impact. Conversely, the area that is growing for us now is on the HCI side and the midrange side. We've had continued success with HCI, and that continues to this day and optimistic about that going forward. But we've talked on this call about the challenges that we've had in the midrange. One data point does not make a trend, but we're encouraged that we had exited Q4, the fiscal year, with positive momentum in our midrange business. We have a lot of work to do there. We're optimistic. We think our product continues to hunt in the marketplace. It's doing very well. And I point to the things that keep us -- get us encouraged. The number of competitive takeouts, I don't know what others had said, ours tripled quarter-over-quarter. The number of new customers on PowerStore doubled. one in five of the customers are new to the Dell storage business. It's 4 times larger than it was the previous quarter.
We clearly have momentum that we have to build, certainly, and great momentum we need to build from that into FY '22. We have large expectations in that area. That's going to be key to our absolute performance. We've made progress in unstructured. So when I look at that, I'm optimistic -- back to one of the earlier questions. I believe it was from Katy. We're looking for the market to continue to rebound or respond, and that's how we're looking at our share and our business performance over the year. Look, I'd ask you to go look at what product performance was in some of those results as well versus what our product performance was in the quarter and make those comparisons. That said, we're not satisfied with where we ended in Q4 and the year. It improved over Q3, and we have greater expectations in FY '22. And back to the point that was made in one of the earlier questions, we run these businesses to outperform the marketplaces. We expect to take commercial PC share. We expect to take server share. And we're going to run the business to take storage share in calendar '21, fiscal '22.
Robert L. Williams -- Head of Investor Relations
All right. Jeff, if the last two questions didn't qualify where your focus was, I don't know what else we could do there. So I appreciate that. Thanks, everyone, for joining us. We'll be at Morgan Stanley next week with Jeff. We've got another other -- a number of other virtual events that we'll be hosting or participating in. And mark your calendars for Dell World -- Dell Technologies World on May five and 6. We will host a financial analyst Q&A event, of course, virtually at that. So thanks for joining us.
Operator
[Operator Closing Remarks]
Duration: 64 minutes
Call participants:
Robert L. Williams -- Head of Investor Relations
Jeff Clarke -- Chief Operating Officer and Vice Chairman
Tom Sweet -- Chief Financial Officer
Tyler W. Johnson -- Senior Vice President and Treasurer
Aaron Rakers -- Wells Fargo -- Analyst
Rod Hall -- Goldman Sachs -- Analyst
Katy Huberty -- Morgan Stanley -- Analyst
Peter Zdebski -- Barclays -- Analyst
Toni Sacconaghi -- Bernstein -- Analyst
Simon Leopold -- Raymond James -- Analyst
Krish Sankar -- Cowen and Company -- Analyst
Wamsi Mohan -- Bank of America -- Analyst
Amit Daryanani -- Evercore -- Analyst
Shannon Cross -- Cross Research -- Analyst
Jim Suva -- Citigroup -- Analyst
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With APEX, we are extending our long history of offering IT as-a-Service to deliver IT resources on demand, Dell managed infrastructure, enabling our customers to pay for only what they use, built on a foundation of trusted technology all at scale. Dell Technologies Inc. (NYSE: DELL) Q4 2021 Earnings Call Feb 25, 2021, 5:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to the Fiscal Year 2021 Fourth Quarter and Year-end Financial Results Conference Call for Dell Technologies Inc.
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Operator [Operator Closing Remarks] Duration: 64 minutes Call participants: Robert L. Williams -- Head of Investor Relations Jeff Clarke -- Chief Operating Officer and Vice Chairman Tom Sweet -- Chief Financial Officer Tyler W. Johnson -- Senior Vice President and Treasurer Aaron Rakers -- Wells Fargo -- Analyst Rod Hall -- Goldman Sachs -- Analyst Katy Huberty -- Morgan Stanley -- Analyst Peter Zdebski -- Barclays -- Analyst Toni Sacconaghi -- Bernstein -- Analyst Simon Leopold -- Raymond James -- Analyst Krish Sankar -- Cowen and Company -- Analyst Wamsi Mohan -- Bank of America -- Analyst Amit Daryanani -- Evercore -- Analyst Shannon Cross -- Cross Research -- Analyst Jim Suva -- Citigroup -- Analyst More DELL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Dell Technologies Inc. (NYSE: DELL) Q4 2021 Earnings Call Feb 25, 2021, 5:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to the Fiscal Year 2021 Fourth Quarter and Year-end Financial Results Conference Call for Dell Technologies Inc.
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Operator [Operator Closing Remarks] Duration: 64 minutes Call participants: Robert L. Williams -- Head of Investor Relations Jeff Clarke -- Chief Operating Officer and Vice Chairman Tom Sweet -- Chief Financial Officer Tyler W. Johnson -- Senior Vice President and Treasurer Aaron Rakers -- Wells Fargo -- Analyst Rod Hall -- Goldman Sachs -- Analyst Katy Huberty -- Morgan Stanley -- Analyst Peter Zdebski -- Barclays -- Analyst Toni Sacconaghi -- Bernstein -- Analyst Simon Leopold -- Raymond James -- Analyst Krish Sankar -- Cowen and Company -- Analyst Wamsi Mohan -- Bank of America -- Analyst Amit Daryanani -- Evercore -- Analyst Shannon Cross -- Cross Research -- Analyst Jim Suva -- Citigroup -- Analyst More DELL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Dell Technologies Inc. (NYSE: DELL) Q4 2021 Earnings Call Feb 25, 2021, 5:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to the Fiscal Year 2021 Fourth Quarter and Year-end Financial Results Conference Call for Dell Technologies Inc.
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Operator [Operator Closing Remarks] Duration: 64 minutes Call participants: Robert L. Williams -- Head of Investor Relations Jeff Clarke -- Chief Operating Officer and Vice Chairman Tom Sweet -- Chief Financial Officer Tyler W. Johnson -- Senior Vice President and Treasurer Aaron Rakers -- Wells Fargo -- Analyst Rod Hall -- Goldman Sachs -- Analyst Katy Huberty -- Morgan Stanley -- Analyst Peter Zdebski -- Barclays -- Analyst Toni Sacconaghi -- Bernstein -- Analyst Simon Leopold -- Raymond James -- Analyst Krish Sankar -- Cowen and Company -- Analyst Wamsi Mohan -- Bank of America -- Analyst Amit Daryanani -- Evercore -- Analyst Shannon Cross -- Cross Research -- Analyst Jim Suva -- Citigroup -- Analyst More DELL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Dell Technologies Inc. (NYSE: DELL) Q4 2021 Earnings Call Feb 25, 2021, 5:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to the Fiscal Year 2021 Fourth Quarter and Year-end Financial Results Conference Call for Dell Technologies Inc.
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726034.0
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2021-02-25 00:00:00 UTC
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Dell Technologies Q4 Results Top Street View
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DELL
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https://www.nasdaq.com/articles/dell-technologies-q4-results-top-street-view-2021-02-25
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(RTTNews) - Dell Technologies (DELL) Thursday reported an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks as COVID-19 pandemic continues to force several people to work remotely. Both earnings and revenues for the quarter trumped Wall Street analysts' estimates.
Round Rock, Texas-based Dell's fourth-quarter profit rose to $1.34 billion or $1.57 per share, up from $416 million or $0.54 per share last year.
Adjusted earnings were $2.29 billion or $2.70 per share for the period, up from $1.68 billion or $2.00 per share last year.. Analysts polled by Thomson Reuters estimated earnings of $2.14 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter rose 9% to $26.11 billion from $24.02 billion last year. Analysts had a consensus revenue estimate of $24.49 billion.
"In the past year, our team rallied to support our customers and partners worldwide as technology played a central role in keeping our society, economy and lives moving forward," said Jeff Clarke, chief operating officer, Dell Technologies. "We generated record revenue of $94.2 billion this year by helping customers adapt to new work-and-learn-from-anywhere realities and are in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021."
Client Solutions Group revenues grew to 17% to a record $13.8 billion, with consumer revenue up 19% and commercial client revenue up 16%.
DELL closed Thursday's trading at $79.68, down $2.01 or 2.46%, on the Nasdaq. The stock, however, gained $2.57 or 3.23% in the after-hours trade.
The views and 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 an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks as COVID-19 pandemic continues to force several people to work remotely. "In the past year, our team rallied to support our customers and partners worldwide as technology played a central role in keeping our society, economy and lives moving forward," said Jeff Clarke, chief operating officer, Dell Technologies. Round Rock, Texas-based Dell's fourth-quarter profit rose to $1.34 billion or $1.57 per share, up from $416 million or $0.54 per share last year.
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(RTTNews) - Dell Technologies (DELL) Thursday reported an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks as COVID-19 pandemic continues to force several people to work remotely. Round Rock, Texas-based Dell's fourth-quarter profit rose to $1.34 billion or $1.57 per share, up from $416 million or $0.54 per share last year. "In the past year, our team rallied to support our customers and partners worldwide as technology played a central role in keeping our society, economy and lives moving forward," said Jeff Clarke, chief operating officer, Dell Technologies.
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(RTTNews) - Dell Technologies (DELL) Thursday reported an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks as COVID-19 pandemic continues to force several people to work remotely. Round Rock, Texas-based Dell's fourth-quarter profit rose to $1.34 billion or $1.57 per share, up from $416 million or $0.54 per share last year. "In the past year, our team rallied to support our customers and partners worldwide as technology played a central role in keeping our society, economy and lives moving forward," said Jeff Clarke, chief operating officer, Dell Technologies.
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DELL closed Thursday's trading at $79.68, down $2.01 or 2.46%, on the Nasdaq. (RTTNews) - Dell Technologies (DELL) Thursday reported an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks as COVID-19 pandemic continues to force several people to work remotely. Round Rock, Texas-based Dell's fourth-quarter profit rose to $1.34 billion or $1.57 per share, up from $416 million or $0.54 per share last year.
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2021-02-25 00:00:00 UTC
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Dell Inc. Q4 adjusted earnings Beat Estimates
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DELL
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https://www.nasdaq.com/articles/dell-inc.-q4-adjusted-earnings-beat-estimates-2021-02-25
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(RTTNews) - Dell Inc. (DELL) released a profit for its fourth quarter that rose from last year.
The company's bottom line totaled $1.34 billion, or $1.57 per share. This compares with $0.42 billion, or $0.54 per share, in last year's fourth quarter.
Excluding items, Dell Inc. reported adjusted earnings of $2.29 billion or $2.70 per share for the period.
Analysts had expected the company to earn $2.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 108555.8% to $26.11 billion from $24.03 million last year.
Dell Inc. earnings at a glance:
-Earnings (Q4): $2.29 Bln. vs. $1.68 Bln. last year. -EPS (Q4): $2.70 vs. $2.00 last year. -Analysts Estimate: $2.14 -Revenue (Q4): $26.11 Bln vs. $24.03 Mln 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 $2.29 billion or $2.70 per share for the period. (RTTNews) - Dell Inc. (DELL) released a profit for its fourth quarter that rose from last year. Dell Inc. earnings at a glance: -Earnings (Q4): $2.29 Bln.
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Excluding items, Dell Inc. reported adjusted earnings of $2.29 billion or $2.70 per share for the period. (RTTNews) - Dell Inc. (DELL) released a profit for its fourth quarter that rose from last year. Dell Inc. earnings at a glance: -Earnings (Q4): $2.29 Bln.
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(RTTNews) - Dell Inc. (DELL) released a profit for its fourth quarter that rose from last year. Excluding items, Dell Inc. reported adjusted earnings of $2.29 billion or $2.70 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q4): $2.29 Bln.
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Excluding items, Dell Inc. reported adjusted earnings of $2.29 billion or $2.70 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q4): $2.29 Bln. (RTTNews) - Dell Inc. (DELL) released a profit for its fourth quarter that rose from last year.
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0ff29482-1e86-4aa5-8960-685d9e8cd9fa
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726036.0
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2021-02-25 00:00:00 UTC
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Dell beats revenue estimates on buoyant demand for desktops, notebooks
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DELL
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https://www.nasdaq.com/articles/dell-beats-revenue-estimates-on-buoyant-demand-for-desktops-notebooks-2021-02-25
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nan
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nan
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Feb 25 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis.
Revenue from its client solutions group, which includes desktop PCs, notebooks and tablets, was $13.8 billion, up 17% from a year earlier. The company said it had shipped a record 50.3 million units during 2020.
A global shift to remote work and learning early last year had spiked demand for remote workstation products that benefited computer hardware makers and cloud service providers alike.
Dell is in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021, Chief Operating Officer Jeff Clarke said.
Revenue from its data center business was $8.8 billion in the quarter, in line with a year earlier, while sales at VMware Inc VMW.N was $3.3 billion. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
Total revenue rose 9% to $26.1 billion in the three months ended Jan. 29, while analysts had estimated $24.5 billion, according to IBES data from Refinitiv.
Net income attributable to the company rose to $1.2 billion from $408 million a year earlier, as it shaved off administrative costs by 19% in the quarter.
(Reporting by Ayanti Bera in Bengaluru; Editing by Maju Samuel)
((Ayanti.Bera@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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Feb 25 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis. Dell is in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021, Chief Operating Officer Jeff Clarke said. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
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Feb 25 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis. Dell is in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021, Chief Operating Officer Jeff Clarke said. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
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Feb 25 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis. Dell is in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021, Chief Operating Officer Jeff Clarke said. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
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Feb 25 (Reuters) - Dell Technologies Inc DELL.N beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis. Dell is in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021, Chief Operating Officer Jeff Clarke said. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
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b8d009af-10df-40f2-9073-875df4a11552
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726037.0
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2021-02-25 00:00:00 UTC
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After-Hours Earnings Report for February 25, 2021 : CRM, ADSK, WDAY, MNST, EOG, HPQ, ZS, ETSY, DELL, EIX, CVNA, FTCH
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-february-25-2021-%3A-crm-adsk-wday-mnst-eog-hpq-zs-etsy-dell
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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 02/25/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Salesforce.com Inc (CRM) is reporting for the quarter ending January 31, 2021. The computer software company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.30. This value represents a 233.33% increase compared to the same quarter last year. CRM missed the consensus earnings per share in the 1st calendar quarter of 2020 by -25%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CRM is 85.88 vs. an industry ratio of 52.10, 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 January 31, 2021. The computer software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.65. This value represents a 18.18% 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 2021 Price to Earnings ratio for ADSK is 123.52 vs. an industry ratio of 52.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Workday, Inc. (WDAY) is reporting for the quarter ending January 31, 2021. The internet software company's consensus earnings per share forecast from the 16 analysts that follow the stock is $-0.27. This value represents a 40.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for WDAY is -477.78 vs. an industry ratio of -105.30.
Monster Beverage Corporation (MNST) is reporting for the quarter ending December 31, 2020. The beverages company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.59. This value represents a 25.53% increase compared to the same quarter last year. In the past year MNST has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 3.17%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for MNST is 37.55 vs. an industry ratio of 18.30, implying that they will have a higher earnings growth than their competitors in the same industry.
EOG Resources, Inc. (EOG) is reporting for the quarter ending December 31, 2020. The oil (us exp & production) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.38. This value represents a 71.85% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for EOG is 67.64 vs. an industry ratio of 25.70, 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 January 31, 2021. The computer company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.65. This value represents a no change for the same quarter last year. In the past year HPQ has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 19.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for HPQ is 10.44 vs. an industry ratio of -19.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Zscaler, Inc. (ZS) is reporting for the quarter ending January 31, 2021. The internet services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.37. This value represents a 270.00% decrease compared to the same quarter last year. Etsy, Inc. (ETSY) is reporting for the quarter ending December 31, 2020. The internet services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.60. This value represents a 140.00% increase compared to the same quarter last year. ETSY missed the consensus earnings per share in the 1st calendar quarter of 2020 by -44.44%. Dell Technologies Inc. (DELL) is reporting for the quarter ending January 31, 2021. The information technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.19. This value represents a 37.74% increase compared to the same quarter last year. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 13.07 vs. an industry ratio of 39.60.
Edison International (EIX) is reporting for the quarter ending December 31, 2020. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.23. This value represents a 24.24% increase compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for EIX is 12.41 vs. an industry ratio of 18.30.
Carvana Co. (CVNA) is reporting for the quarter ending December 31, 2020. The internet company's consensus earnings per share forecast from the 12 analysts that follow the stock is $-0.48. This value represents a 39.24% increase compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for CVNA is -126.08 vs. an industry ratio of 15.40.
Farfetch Limited (FTCH) is reporting for the quarter ending December 31, 2020. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.38. This value represents a 11.76% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for FTCH is -41.87 vs. an industry ratio of 8.30.
The views and 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 January 31, 2021. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 13.07 vs. an industry ratio of 39.60.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending January 31, 2021. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 13.07 vs. an industry ratio of 39.60.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending January 31, 2021. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 13.07 vs. an industry ratio of 39.60.
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Dell Technologies Inc. (DELL) is reporting for the quarter ending January 31, 2021. In the past year DELL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DELL is 13.07 vs. an industry ratio of 39.60.
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a44ef0c4-afa1-4c4c-86a5-19c58bf9472f
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726038.0
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2021-02-19 00:00:00 UTC
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Blank-check firm led by ex-Goldman banker aims for $500 mln IPO
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DELL
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https://www.nasdaq.com/articles/blank-check-firm-led-by-ex-goldman-banker-aims-for-%24500-mln-ipo-2021-02-19
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nan
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nan
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Feb 19 (Reuters) - A blank-check company backed by Michael Dell's family office and Gregg Lemkau, the former co-head of investment banking at Goldman Sachs Group Inc GS.N, on Friday filed paperwork to raise up to $500 million in its initial public offering.
MSD Acquisition Corp said it is aiming to sell 50 million units at $10 each. (https://bit.ly/3dv8JHO)
Lemkau, one of the most high-profile dealmakers on Wall Street, will lead the blank-check vehicle and John Phelan, co-founder of MSD Partners, will serve as the chairman.
Lemkau, who was widely seen as a potential candidate for the role of Goldman Sachs' chief executive officer, retired from the bank last year to join MSD Partners, which is the family investment office of Dell Technologies Inc DELL.N founder Michael Dell.
Before being tasked to serve as co-head of investment banking in 2017, Lemkau had jointly led Goldman's mergers and acquisition department for a number of years.
Goldman and Morgan Stanley are the underwriters for MSD Acquisition's IPO.
(Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel)
((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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Feb 19 (Reuters) - A blank-check company backed by Michael Dell's family office and Gregg Lemkau, the former co-head of investment banking at Goldman Sachs Group Inc GS.N, on Friday filed paperwork to raise up to $500 million in its initial public offering. Lemkau, who was widely seen as a potential candidate for the role of Goldman Sachs' chief executive officer, retired from the bank last year to join MSD Partners, which is the family investment office of Dell Technologies Inc DELL.N founder Michael Dell. (https://bit.ly/3dv8JHO) Lemkau, one of the most high-profile dealmakers on Wall Street, will lead the blank-check vehicle and John Phelan, co-founder of MSD Partners, will serve as the chairman.
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Feb 19 (Reuters) - A blank-check company backed by Michael Dell's family office and Gregg Lemkau, the former co-head of investment banking at Goldman Sachs Group Inc GS.N, on Friday filed paperwork to raise up to $500 million in its initial public offering. Lemkau, who was widely seen as a potential candidate for the role of Goldman Sachs' chief executive officer, retired from the bank last year to join MSD Partners, which is the family investment office of Dell Technologies Inc DELL.N founder Michael Dell. Before being tasked to serve as co-head of investment banking in 2017, Lemkau had jointly led Goldman's mergers and acquisition department for a number of years.
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Feb 19 (Reuters) - A blank-check company backed by Michael Dell's family office and Gregg Lemkau, the former co-head of investment banking at Goldman Sachs Group Inc GS.N, on Friday filed paperwork to raise up to $500 million in its initial public offering. Lemkau, who was widely seen as a potential candidate for the role of Goldman Sachs' chief executive officer, retired from the bank last year to join MSD Partners, which is the family investment office of Dell Technologies Inc DELL.N founder Michael Dell. Before being tasked to serve as co-head of investment banking in 2017, Lemkau had jointly led Goldman's mergers and acquisition department for a number of years.
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Feb 19 (Reuters) - A blank-check company backed by Michael Dell's family office and Gregg Lemkau, the former co-head of investment banking at Goldman Sachs Group Inc GS.N, on Friday filed paperwork to raise up to $500 million in its initial public offering. Lemkau, who was widely seen as a potential candidate for the role of Goldman Sachs' chief executive officer, retired from the bank last year to join MSD Partners, which is the family investment office of Dell Technologies Inc DELL.N founder Michael Dell. MSD Acquisition Corp said it is aiming to sell 50 million units at $10 each.
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5afe4bfa-63ed-434a-9ba2-b51bb1912a05
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726039.0
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2021-02-10 00:00:00 UTC
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After Hours Most Active for Feb 10, 2021 : FHN, TLRY, LUMN, DELL, X, FCX, UBER, FLDM, AAPL, VIAC, QQQ, APHA
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-for-feb-10-2021-%3A-fhn-tlry-lumn-dell-x-fcx-uber-fldm-aapl-viac-qqq
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up 2.18 to 13,657.45. The total After hours volume is currently 76,431,557 shares traded.
The following are the most active stocks for the after hours session:
First Horizon Corporation (FHN) is unchanged at $15.63, with 4,936,463 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $0.36. As reported by Zacks, the current mean recommendation for FHN is in the "buy range".
Tilray, Inc. (TLRY) is +7.1 at $71.01, with 4,447,012 shares traded., following a 52-week high recorded in today's regular session.
Lumen Technologies, Inc. (LUMN) is -0.36 at $12.12, with 3,316,152 shares traded. PR Newswire Reports: Global Business Leaders Rate Latency Higher Priority Than Speed
Dell Technologies Inc. (DELL) is -0.08 at $79.50, with 2,898,417 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range".
United States Steel Corporation (X) is +0.02 at $16.43, with 2,887,361 shares traded. X's current last sale is 205.38% of the target price of $8.
Freeport-McMoran, Inc. (FCX) is +0.06 at $31.30, with 2,866,744 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2021. The consensus EPS forecast is $0.5. As reported by Zacks, the current mean recommendation for FCX is in the "buy range".
Uber Technologies, Inc. (UBER) is +0.08 at $63.26, with 2,441,500 shares traded. Business Wire Reports: Uber Eats Announces Prescription Delivery in NYC with Nimble
Fluidigm Corporation (FLDM) is -0.9601 at $6.13, with 2,406,565 shares traded. GlobeNewswire Reports: Helix Specialty Diagnostics Partners with Genomic LTC DX to Provide COVID-19 Testing with Saliva-Based Advanta Dx SARS-CoV-2 RT-PCR Assay on Biomark HD Platform
Apple Inc. (AAPL) is -0.08 at $135.31, with 2,222,146 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $0.99. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
ViacomCBS Inc. (VIAC) is unchanged at $56.57, with 1,731,287 shares traded. VIAC's current last sale is 161.63% of the target price of $35.
Invesco QQQ Trust, Series 1 (QQQ) is +0.15 at $332.90, with 1,540,903 shares traded. This represents a 101.84% increase from its 52 Week Low.
Aphria Inc. (APHA) is +1.64 at $27.94, with 1,516,408 shares traded., following a 52-week high recorded in today's regular session.
The views and 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 -0.08 at $79.50, with 2,898,417 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.
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Dell Technologies Inc. (DELL) is -0.08 at $79.50, with 2,898,417 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.
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Dell Technologies Inc. (DELL) is -0.08 at $79.50, with 2,898,417 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Uber Technologies, Inc. (UBER) is +0.08 at $63.26, with 2,441,500 shares traded.
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Dell Technologies Inc. (DELL) is -0.08 at $79.50, with 2,898,417 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". The NASDAQ 100 After Hours Indicator is up 2.18 to 13,657.45.
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fc8a76e1-dbf4-41c1-817f-bdcbd7afecaf
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726040.0
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2021-02-08 00:00:00 UTC
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After Hours Most Active for Feb 8, 2021 : KGC, DD, FHN, SNAP, DELL, X
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-for-feb-8-2021-%3A-kgc-dd-fhn-snap-dell-x-2021-02-08
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -3.8 to 13,691.22. The total After hours volume is currently 98,243,140 shares traded.
The following are the most active stocks for the after hours session:
Kinross Gold Corporation (KGC) is -0.01 at $7.38, with 7,228,850 shares traded.KGC is scheduled to provide an earnings report on 2/10/2021, for the fiscal quarter ending Dec2020. The consensus earnings per share forecast is 0.22 per share, which represents a 13 percent increase over the EPS one Year Ago
DuPont de Nemours, Inc. (DD) is +0.44 at $76.20, with 4,091,787 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $0.92. DD is scheduled to provide an earnings report on 2/9/2021, for the fiscal quarter ending Dec2020. The consensus earnings per share forecast is 0.92 per share, which represents a 95 percent increase over the EPS one Year Ago
First Horizon Corporation (FHN) is unchanged at $15.53, with 2,792,360 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $0.36. As reported by Zacks, the current mean recommendation for FHN is in the "buy range".
Snap Inc. (SNAP) is -0.38 at $63.40, with 2,428,346 shares traded. As reported by Zacks, the current mean recommendation for SNAP is in the "buy range".
Dell Technologies Inc. (DELL) is unchanged at $79.94, with 2,003,585 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range".
United States Steel Corporation (X) is +0.01 at $16.85, with 1,876,356 shares traded. X's current last sale is 210.63% of the target price of $8.
The views and 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 unchanged at $79.94, with 2,003,585 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Kinross Gold Corporation (KGC) is -0.01 at $7.38, with 7,228,850 shares traded.KGC is scheduled to provide an earnings report on 2/10/2021, for the fiscal quarter ending Dec2020.
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Dell Technologies Inc. (DELL) is unchanged at $79.94, with 2,003,585 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Kinross Gold Corporation (KGC) is -0.01 at $7.38, with 7,228,850 shares traded.KGC is scheduled to provide an earnings report on 2/10/2021, for the fiscal quarter ending Dec2020.
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Dell Technologies Inc. (DELL) is unchanged at $79.94, with 2,003,585 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Kinross Gold Corporation (KGC) is -0.01 at $7.38, with 7,228,850 shares traded.KGC is scheduled to provide an earnings report on 2/10/2021, for the fiscal quarter ending Dec2020.
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Dell Technologies Inc. (DELL) is unchanged at $79.94, with 2,003,585 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". The NASDAQ 100 After Hours Indicator is down -3.8 to 13,691.22.
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efccb29b-454b-4f50-bec1-48e15f7e96ca
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726041.0
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2021-02-04 00:00:00 UTC
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World Reimagined: The Future of Education and EdTech
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DELL
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https://www.nasdaq.com/articles/world-reimagined%3A-the-future-of-education-and-edtech-2021-02-04
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nan
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nan
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T
he pandemic accelerated profound shifts that were already taking place in the global economy. Examples of such shifts include brick & mortar moving towards online shopping and business travel being replaced to a degree with virtual meetings.
Two areas that have seen significantly relatively less innovation with respect to our increasingly digital lifestyle are education and healthcare. Education in much of the world has remained relatively unchanged for decades, and healthcare has remained much more “brick-and-mortar” than online. The pandemic exposed the vulnerabilities intrinsic in these two sectors overnight. Here, we discuss the ways in which education has been forced to undergo dramatic change almost overnight and what it may mean for the future.
As COVID-19 spread, many governments chose to lock down their economies to such a degree that schools were forced to move into the virtual world, which meant that students from pre-K to post-grad were catapulted onto online learning platforms. Teachers had to essentially re-write nearly overnight their curriculae and their teaching methods. By the end of March of 2020, an estimated 1.4 billion students, or roughly 80% of students worldwide, were kept out of their schools. Early last year, the Chinese government instructed 250 million full-time students to resume their studies through online platforms, creating the largest platform shift in the history of education. In early February, an article in the Wall Street Journal discussed how parents lost faith in their closed public schools and sought alternatives.
While most adults who know school-aged children would agree that the education process for the kids they know is very similar to what they experienced, we were starting to see some shifts in investing in education technologies even before the pandemic. According to the Metaari white paper on 2019 Global Learning Technology Investment Patterns, in 2018, $16.3 billion was invested in learning technologies worldwide, and in 2019 that number rose to $18.7 billion. In those two years, the total amount invested in EdTech companies exceeded that for the entire twenty-year period between 1998 and 2017.
According to Metaari’s Worldwide 2020-2025 Advanced Learning Technology Market, the growth rate for Advanced Learning Technology worldwide is 22.8%, with revenues expected to more than triple to $129.7 billion by 2025, with a heavy concentration in North America, Asia Pacific, and Western Europe. North America is expected to see the most rapid growth, with advanced learning revenues increasing from $15 billion in 2020 to $33.7 billion by 2025. During that time period, Western Europe is expected to see a growth rate of about 29.0%, 20.2% in the Middle East, and 40.2% in Africa, thanks to the massive adoption of Mobile Learning across the continent. According to a recent study by Fortune Business Insights, the global EdTech and Smart Classroom Market size was $74.33 billion in 2019 and expect to reach $251.78 billion by 2027, a CAGR of 16.6%.
The pandemic has forced educators and educational institutions to get creative and has accelerated the pace of identifying what works and what doesn’t work. Just like with Zoom, what was once foreign and uncomfortable is becoming normal. This opens the door for vast improvements in education in the future. Imagine students all over the world having access to lessons taught by the most inspiring teachers and to the tutors that best fit their individual needs. Rather than relying on already overworked teachers to try and identify what learning style best suits each student, technology can provide students, teachers, and parents with regular, objective feedback and support. Students can become more self-directed, learning at a pace that suits them, rather than forcing educators to pace the class at roughly the median level (which inevitably leads to some students being underwhelmed while others are overwhelmed).
That said, while the technology is available, the digital divide between those students who have access to devices and minimum connectivity and those who don’t is critical and varies widely by nation (and often by school district in the U.S.). This divide is something that will need to be addressed to fully leverage the potential for EdTech to improve the productive capacity of a nation's future labor force, thus accelerating their economic growth potential. For example, according to OECD data, only 34% of students in Indonesia have access to a computer for their schoolwork, while 95% of students in Norway, Switzerland, and Austria do. Here in the U.S., the Biden administration is looking to address that divide.
We aren’t the only ones paying attention to this space. Last year, privately-held U.S. EdTech startups raised a record $2.2 billion, and globally, EdTech’s raised $16.1 billion. Some of the more well-known EdTechs include Coursera, Course Hero, and Duolingo. And while publicly-traded education technology companies have been rare, that is changing. TPG Pace Tech Opportunities (PACE), a special purpose acquisition company, this week announced that it is acquiring Nerdy, the parent company of Varsity Tutors, an online tutoring platform. The deal gave Nerdy a valuation of $1.7 billion and is expected to close in the second quarter of 2021 and Nerdy will go public through a SPAC and will be listed under the ticker NRDY.
Several other SPACs have recently raised money with the intention of acquiring an EdTech company, such as Class Acceleration Corp (CLAS.U), which raise $225 million in its IPO Adit EdTech Acquisition Corp (ADEXU), which raised $276 million in its IPO last month, and EdtechX Holdings Acquisition II (EDTX), the second blank check company formed by IBIS Capital to acquire an EdTech business raised $100 million in December. Skillsoft, a corporate learning company, was merged with IT skills provider Global Knowledge Training and taken public by Churchill Capital Corp (CCX) last October.
The space is getting more attention worldwide. In December, Meten EdtechX (METX), an omnichannel English language training service provider in China, announced that its overseas training service was accredited as the “2020-2021 Most Famous Brand in the International Education Industry” by the Overseas Education Research Center of the China Education Think Tank Alliance, the Development Research Committee of Overseas Education Institutions (DRCOOT) and the National Academic Alliance of International Education Teachers (NAAIET).
Other non-EdTech focused companies are also looking for opportunities in the space, such as Boxlight Corp (BOXL), which recently announced the installation of 110 Clevertouch IPACT Plus panels on mobile carts in Canon City School District in Colorado. Other more well-known companies that have offerings in the EdTech and smart classroom space include SAP (SAP), Apple (AAPL), Alphabet (GOOG), 2U (TWOU), and Dell (DELL). Private companies include Blackboard out of Reston, Virginia and Ellucian.
EdTech is clearly a segment that is expected to enjoy outsized growth in the coming years.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other more well-known companies that have offerings in the EdTech and smart classroom space include SAP (SAP), Apple (AAPL), Alphabet (GOOG), 2U (TWOU), and Dell (DELL). As COVID-19 spread, many governments chose to lock down their economies to such a degree that schools were forced to move into the virtual world, which meant that students from pre-K to post-grad were catapulted onto online learning platforms. Skillsoft, a corporate learning company, was merged with IT skills provider Global Knowledge Training and taken public by Churchill Capital Corp (CCX) last October.
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Other more well-known companies that have offerings in the EdTech and smart classroom space include SAP (SAP), Apple (AAPL), Alphabet (GOOG), 2U (TWOU), and Dell (DELL). According to Metaari’s Worldwide 2020-2025 Advanced Learning Technology Market, the growth rate for Advanced Learning Technology worldwide is 22.8%, with revenues expected to more than triple to $129.7 billion by 2025, with a heavy concentration in North America, Asia Pacific, and Western Europe. Several other SPACs have recently raised money with the intention of acquiring an EdTech company, such as Class Acceleration Corp (CLAS.U), which raise $225 million in its IPO Adit EdTech Acquisition Corp (ADEXU), which raised $276 million in its IPO last month, and EdtechX Holdings Acquisition II (EDTX), the second blank check company formed by IBIS Capital to acquire an EdTech business raised $100 million in December.
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Other more well-known companies that have offerings in the EdTech and smart classroom space include SAP (SAP), Apple (AAPL), Alphabet (GOOG), 2U (TWOU), and Dell (DELL). According to Metaari’s Worldwide 2020-2025 Advanced Learning Technology Market, the growth rate for Advanced Learning Technology worldwide is 22.8%, with revenues expected to more than triple to $129.7 billion by 2025, with a heavy concentration in North America, Asia Pacific, and Western Europe. Several other SPACs have recently raised money with the intention of acquiring an EdTech company, such as Class Acceleration Corp (CLAS.U), which raise $225 million in its IPO Adit EdTech Acquisition Corp (ADEXU), which raised $276 million in its IPO last month, and EdtechX Holdings Acquisition II (EDTX), the second blank check company formed by IBIS Capital to acquire an EdTech business raised $100 million in December.
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Other more well-known companies that have offerings in the EdTech and smart classroom space include SAP (SAP), Apple (AAPL), Alphabet (GOOG), 2U (TWOU), and Dell (DELL). By the end of March of 2020, an estimated 1.4 billion students, or roughly 80% of students worldwide, were kept out of their schools. North America is expected to see the most rapid growth, with advanced learning revenues increasing from $15 billion in 2020 to $33.7 billion by 2025.
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af6e4b31-1d63-4a2a-8162-3237991ca474
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726042.0
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2021-02-03 00:00:00 UTC
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Lenovo Q3 profit tops expectations, posting all-time-high revenue and profit
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DELL
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https://www.nasdaq.com/articles/lenovo-q3-profit-tops-expectations-posting-all-time-high-revenue-and-profit-2021-02-03
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nan
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nan
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Adds quote from Lenovo, background
SHANGHAI, Feb 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted.
Net profit jumped to $395 million for the October-December quarter. That beat an average estimate of $293.7 million from eight analysts, according to Refinitiv data.
Revenue increased 22% to $17.25 billion.
"The strong performance has been fueled by Lenovo's robust growth across business groups as well as structural changes in lifestyle and work habits since the onset of the COVID-19 pandemic," Lenovo said in a statement.
The all-time-high revenue and profit came as Lenovo said last month it plans to issue Chinese Depository receipts (CDRs) representing up to 10% of its total stock for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the latest in a line of companies looking for a mainland listing.
Pandemic-fuelled buying of laptops and other personal gadgets, as well as televisions, have propped up sales of companies including Samsung Electronics 005930.KS and Panasonic Corp 6752.T.
According to research firm Gartner, worldwide shipments of personal computers rose 10.7% in the December quarter.
Lenovo strengthened its lead in PCs with 27.1% of the market, ahead of HP Inc HPQ.N with 19.8% and Dell Technologies DELL.N with 16.6%.
(Reporting by Pei Li and Brenda Goh; Editing by Jacqueline Wong)
((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 27.1% of the market, ahead of HP Inc HPQ.N with 19.8% and Dell Technologies DELL.N with 16.6%. Adds quote from Lenovo, background SHANGHAI, Feb 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. The all-time-high revenue and profit came as Lenovo said last month it plans to issue Chinese Depository receipts (CDRs) representing up to 10% of its total stock for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the latest in a line of companies looking for a mainland listing.
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Lenovo strengthened its lead in PCs with 27.1% of the market, ahead of HP Inc HPQ.N with 19.8% and Dell Technologies DELL.N with 16.6%. Adds quote from Lenovo, background SHANGHAI, Feb 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. The all-time-high revenue and profit came as Lenovo said last month it plans to issue Chinese Depository receipts (CDRs) representing up to 10% of its total stock for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the latest in a line of companies looking for a mainland listing.
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Lenovo strengthened its lead in PCs with 27.1% of the market, ahead of HP Inc HPQ.N with 19.8% and Dell Technologies DELL.N with 16.6%. Adds quote from Lenovo, background SHANGHAI, Feb 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. "The strong performance has been fueled by Lenovo's robust growth across business groups as well as structural changes in lifestyle and work habits since the onset of the COVID-19 pandemic," Lenovo said in a statement.
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Lenovo strengthened its lead in PCs with 27.1% of the market, ahead of HP Inc HPQ.N with 19.8% and Dell Technologies DELL.N with 16.6%. Adds quote from Lenovo, background SHANGHAI, Feb 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53% rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. Net profit jumped to $395 million for the October-December quarter.
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f19d1612-f2ae-4153-a46e-0987f9b327aa
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726043.0
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2021-01-27 00:00:00 UTC
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3 Cloud Stocks With at Least 22% Upside, According to Wall Street
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DELL
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https://www.nasdaq.com/articles/3-cloud-stocks-with-at-least-22-upside-according-to-wall-street-2021-01-27
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nan
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nan
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Over the past year, stock market volatility has been off the charts. We've navigated our way through the fastest bear market dive in history and the quickest snap-back rally to all-time highs. Amid this chaos, one trend has vastly outperformed: cloud computing.
Everything having to do with the cloud, including storage, infrastructure, platform, and software, has flourished. Given that the coronavirus pandemic has completely disrupted the traditional work and shopping environment, businesses and consumers have figured out just how effective they can be in their own offices or on their own couches.
It also hasn't hurt that interest rates are near all-time lows. High-growth cloud stocks have the ability to borrow cheaply in order to hire, innovate, or acquire, should they choose to do so.
While a number of cloud stocks have skyrocketed over the past year, Wall Street still sees value in this high-growth industry. Based on the consensus one-year price targets of Wall Street analysts, the following three cloud stocks all offer at least 22% upside from where they closed this past weekend.
Image source: Getty Images.
VMware: Implied upside of 27%
According to analysts, digital infrastructure giant VMware (NYSE: VMW) offers up to 27% upside. This upside may well reflect that its share price is down about 10% over the trailing 12-month period, while most other cloud stocks have been off to the races.
The biggest concern for VMware is the company's late shift to hybrid cloud and multicloud solutions. For example, in the third quarter, subscription and software-as-a-service (SaaS) revenue catapulted by 44% from the prior-year period. But through the first nine months of fiscal 2021, this higher-margin subscription and SaaS revenue accounted for just 22% of the company's $8.47 billion in revenue. Meanwhile, licensing revenue declined 6% through the first nine months from the same period in 2020, and services revenue, such as data-center consulting, continues to move higher at a slow but steady pace. VMware's tepid growth in other segments is overshadowing its ongoing transition into the cloud.
Perhaps the most exciting question to be answered for VMware shareholders, as well as those closely watching the company, is what might happen with its largest shareholder, Dell Technologies (NYSE: DELL). Dell owns a whopping 81% stake in VMware, and it's been suggested that spinning off VMware might allow for improved operating transparency and beefier valuations for both companies. Dell CEO Michael Dell doesn't have plans to sell the VMware stake as of now, but all opportunities are on the table for discussion.
Valued at a multiple of less than five times forward-year sales, VMware could be an intriguing buy for patient investors seeking less volatility in the cloud space.
Image source: Getty Images.
Zoom Video Communications: Implied upside of 23%
Now, if exceptionally high-growth SaaS stocks are more your thing, say hello to the work-from-home hero Zoom Video Communications (NASDAQ: ZM). Even after more than quadrupling in value in 2020, Zoom should tack on another 23% to the upside over the next year, according to Wall Street.
If you need any convincing as to why Zoom had such a phenomenal year, here's a perfect example. Prior to the coronavirus pandemic lockdowns in March 2020, Zoom issued full-year guidance for fiscal year 2021 of $905 million to $915 million. During the October-ended quarter, Zoom updated its full-year sales guidance to a range of $2.575 billion to $2.58 billion. The company nearly tripled its full-year sales forecast over three quarters.
What's more, Zoom Video's cloud-based communications platform is resonating with big and small businesses, and well as new and existing customers. My longtime Foolish colleague Rick Munarriz pointed out in December that Zoom's trailing-12-month net dollar expansion rate for companies with at least 10 employees has topped 130% in each of the past 10 quarters. This is a fancy way of saying that existing client spending has jumped by 30% or more in each of the last 10 quarters from the prior-year period.
Based on data gathered from LearnBonds in April 2020, Zoom controlled nearly 43% of the U.S. web conferencing market. Even when the pandemic ends, this shift to video conferencing isn't going away. Growth may slow a bit, but Zoom has cemented itself as the premier enterprise communications platform.
Image source: Getty Images.
salesforce.com: Implied upside of 22%
A third cloud stock with some serious upside potential is customer relationship management (CRM) software specialist salesforce.com (NYSE: CRM). If Wall Street's prognostication is correct, Salesforce has at least 22% upside over the next year.
CRM software helps consumer-facing businesses better track customer data, service issues, and handle marketing campaigns, all in real time. It can even be a useful tool in helping to suggest add-on sales. It's a logical tool for the retail and service industries to use, but has become increasingly popular with the financial sector, manufacturing, and even healthcare companies. Pretty much any consumer-facing business is a potential opportunity for Salesforce.
Salesforce is the kingpin of global CRM software. Research and advisory firm Gartner estimated Salesforce to have more than an 18% share of the global CRM market at the end of 2019. That's nearly more than the next three competitors combined. Salesforce is the clear go-to for CRM solutions, and that's reflected in its consistent double-digit growth rate.
In early December, Salesforce also announced that it would make its largest acquisition in the company's history and buy Slack Technologies. This $27.7 billion cash-and-stock deal will allow Salesforce to cross-sell its CRM solutions to Slack's rapidly growing pool of enterprise customers.
Of the three cloud stocks Wall Street fancies, Salesforce is the one this Fool feels most confident about.
10 stocks we like better than Salesforce.com
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 Salesforce.com wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Salesforce.com, Slack Technologies, and Zoom Video Communications. The Motley Fool recommends Gartner and 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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Perhaps the most exciting question to be answered for VMware shareholders, as well as those closely watching the company, is what might happen with its largest shareholder, Dell Technologies (NYSE: DELL). Dell owns a whopping 81% stake in VMware, and it's been suggested that spinning off VMware might allow for improved operating transparency and beefier valuations for both companies. Dell CEO Michael Dell doesn't have plans to sell the VMware stake as of now, but all opportunities are on the table for discussion.
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Perhaps the most exciting question to be answered for VMware shareholders, as well as those closely watching the company, is what might happen with its largest shareholder, Dell Technologies (NYSE: DELL). Dell owns a whopping 81% stake in VMware, and it's been suggested that spinning off VMware might allow for improved operating transparency and beefier valuations for both companies. Dell CEO Michael Dell doesn't have plans to sell the VMware stake as of now, but all opportunities are on the table for discussion.
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Perhaps the most exciting question to be answered for VMware shareholders, as well as those closely watching the company, is what might happen with its largest shareholder, Dell Technologies (NYSE: DELL). Dell owns a whopping 81% stake in VMware, and it's been suggested that spinning off VMware might allow for improved operating transparency and beefier valuations for both companies. Dell CEO Michael Dell doesn't have plans to sell the VMware stake as of now, but all opportunities are on the table for discussion.
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Perhaps the most exciting question to be answered for VMware shareholders, as well as those closely watching the company, is what might happen with its largest shareholder, Dell Technologies (NYSE: DELL). Dell owns a whopping 81% stake in VMware, and it's been suggested that spinning off VMware might allow for improved operating transparency and beefier valuations for both companies. Dell CEO Michael Dell doesn't have plans to sell the VMware stake as of now, but all opportunities are on the table for discussion.
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f22ceb5c-2ec5-44f5-8513-fb1abb13c8e1
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726044.0
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2021-01-19 00:00:00 UTC
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OMFL, WEBS: Big ETF Outflows
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DELL
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https://www.nasdaq.com/articles/omfl-webs%3A-big-etf-outflows-2021-01-19
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, where 20,730,000 units were destroyed, or a 39.9% decrease week over week. Among the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.5%, and Molina Healthcare is up by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bear 3X Shares, which lost 100,000 of its units, representing a 37.0% decline in outstanding units compared to the week prior.
VIDEO: OMFL, WEBS: Big ETF Outflows
The views and 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 0.5%, and Molina Healthcare is up by about 0.1%. And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bear 3X Shares, which lost 100,000 of its units, representing a 37.0% decline in outstanding units compared to the week prior. VIDEO: OMFL, WEBS: Big ETF Outflows The views and 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 0.5%, and Molina Healthcare is up by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, where 20,730,000 units were destroyed, or a 39.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bear 3X Shares, which lost 100,000 of its units, representing a 37.0% decline in outstanding units compared to the week prior.
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Among the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.5%, and Molina Healthcare is up by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, where 20,730,000 units were destroyed, or a 39.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bear 3X Shares, which lost 100,000 of its units, representing a 37.0% decline in outstanding units compared to the week prior.
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Among the largest underlying components of OMFL, in morning trading today Dell Technologies is up about 0.5%, and Molina Healthcare is up by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, where 20,730,000 units were destroyed, or a 39.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bear 3X Shares, which lost 100,000 of its units, representing a 37.0% decline in outstanding units compared to the week prior.
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2c8e65c6-9f21-4d17-85a9-583f09889131
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726045.0
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2021-01-13 00:00:00 UTC
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Intel to replace CEO Bob Swan with VMware's Pat Gelsinger
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DELL
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https://www.nasdaq.com/articles/intel-to-replace-ceo-bob-swan-with-vmwares-pat-gelsinger-2021-01-13
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nan
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nan
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By Svea Herbst-Bayliss and Stephen Nellis
Jan 13 (Reuters) - Chipmaker Intel Corp INTC.Osaid on Wednesday it would replace Chief Executive Officer Bob Swan with VMware Inc VMW.N CEO Pat Gelsinger next month.
Intel said its announcement is unrelated to its financial performance in 2020.
The company's shares were up nearly 10% in early trading.
Swan, a former chief financial officer from eBay, had served as Intel's finance chief and was named its interim CEO when Brian Krzanich resigned in June 2018.
Swan was made permanent chief in early 2019 after an extensive search failed to yield an external candidate.
(Reporting by Reporting by Svea Herbst-Bayliss in Boston, Stephen Nellis in San Francisco, and Munsif Vengattil in Bengaluru; Editing by Maju Samuel)
((munsif.vengattil@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Svea Herbst-Bayliss and Stephen Nellis Jan 13 (Reuters) - Chipmaker Intel Corp INTC.Osaid on Wednesday it would replace Chief Executive Officer Bob Swan with VMware Inc VMW.N CEO Pat Gelsinger next month. Swan was made permanent chief in early 2019 after an extensive search failed to yield an external candidate. (Reporting by Reporting by Svea Herbst-Bayliss in Boston, Stephen Nellis in San Francisco, and Munsif Vengattil in Bengaluru; Editing by Maju Samuel) ((munsif.vengattil@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Svea Herbst-Bayliss and Stephen Nellis Jan 13 (Reuters) - Chipmaker Intel Corp INTC.Osaid on Wednesday it would replace Chief Executive Officer Bob Swan with VMware Inc VMW.N CEO Pat Gelsinger next month. Swan, a former chief financial officer from eBay, had served as Intel's finance chief and was named its interim CEO when Brian Krzanich resigned in June 2018. (Reporting by Reporting by Svea Herbst-Bayliss in Boston, Stephen Nellis in San Francisco, and Munsif Vengattil in Bengaluru; Editing by Maju Samuel) ((munsif.vengattil@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Svea Herbst-Bayliss and Stephen Nellis Jan 13 (Reuters) - Chipmaker Intel Corp INTC.Osaid on Wednesday it would replace Chief Executive Officer Bob Swan with VMware Inc VMW.N CEO Pat Gelsinger next month. Swan, a former chief financial officer from eBay, had served as Intel's finance chief and was named its interim CEO when Brian Krzanich resigned in June 2018. (Reporting by Reporting by Svea Herbst-Bayliss in Boston, Stephen Nellis in San Francisco, and Munsif Vengattil in Bengaluru; Editing by Maju Samuel) ((munsif.vengattil@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Svea Herbst-Bayliss and Stephen Nellis Jan 13 (Reuters) - Chipmaker Intel Corp INTC.Osaid on Wednesday it would replace Chief Executive Officer Bob Swan with VMware Inc VMW.N CEO Pat Gelsinger next month. Intel said its announcement is unrelated to its financial performance in 2020. The company's shares were up nearly 10% in early trading.
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33ce5d53-c06f-4981-8136-f3770d2aa508
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726046.0
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2021-01-12 00:00:00 UTC
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Dell To Present At J.P. Morgan 19th Annual Tech/Auto Forum; Webcast At 2:50 PM ET
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DELL
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https://www.nasdaq.com/articles/dell-to-present-at-j.p.-morgan-19th-annual-tech-auto-forum-webcast-at-2%3A50-pm-et-2021-01
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) will participate in the J.P. Morgan 19th Annual Tech/Auto Forum.
The event is scheduled to begin at 2:50 PM ET on January 12, 2021.
To access the live webcast, log on to http://investors.delltechnologies.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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(RTTNews) - Dell Inc. (DELL) will participate in the J.P. Morgan 19th Annual Tech/Auto Forum. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 2:50 PM ET on January 12, 2021.
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(RTTNews) - Dell Inc. (DELL) will participate in the J.P. Morgan 19th Annual Tech/Auto Forum. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 2:50 PM ET on January 12, 2021.
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(RTTNews) - Dell Inc. (DELL) will participate in the J.P. Morgan 19th Annual Tech/Auto Forum. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 2:50 PM ET on January 12, 2021.
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(RTTNews) - Dell Inc. (DELL) will participate in the J.P. Morgan 19th Annual Tech/Auto Forum. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 2:50 PM ET on January 12, 2021.
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567eaf5a-0c25-4cea-9903-19025f5bb10c
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726047.0
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2021-01-11 00:00:00 UTC
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PC Shipments in a Locked-Down World Soared in 2020
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DELL
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https://www.nasdaq.com/articles/pc-shipments-in-a-locked-down-world-soared-in-2020-2021-01-11
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nan
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nan
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PCs were suddenly hot in 2020. With the COVID-19 pandemic forcing people to work and learn at home, sales of desktop, notebook, and workstation computers soared over 13% last year, with fourth-quarter sales rocketing 26%.
International Data Corporation (IDC) said on Monday that the last time computers saw such double-digit gains was over a decade ago when the PC market jumped 13.7% in 2010. Since then, it has been a long, downward slog that included six years of declines and one year of flat growth.
Image source: Getty Images.
The coronavirus outbreak changed everything last year as businesses were shut down and schools were closed. As the pandemic progressed, many companies chose to further extend their work-from-home option for employees, with some even considering making it a permanent alternative.
IDC reported that fourth-quarter computer sales got a lift from increased consumer demand as restrictions on mobility were lifted. Although manufacturers suffered from capacity shortages due to restrictions, as well as upheavals in the supply chain, the massive uptick in demand helped many to persevere.
Ryan Reith of IDC said, "In retrospect, the pandemic not only fueled PC market demand but also created opportunities that resulted in a market expansion."
IDC said Lenovo Group (OTC: LNVGY) was the top PC manufacturer with a 25.2% share as fourth-quarter shipments jumped 29% from 2019. It was followed by HP (NYSE: HPQ), Dell Technologies (NYSE: DELL), Apple (NASDAQ: AAPL), and Acer.
Apple and Acer had the largest shipment increases for the period, rising 49% and 48%, respectively. But they badly trailed the market leader with just an 8% and 7.2% share, respectively.
Full-year standings with the tech companies were largely unchanged, with Lenovo and HP battling for the top spot in market share.
10 stocks we like better than Apple
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 Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends 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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It was followed by HP (NYSE: HPQ), Dell Technologies (NYSE: DELL), Apple (NASDAQ: AAPL), and Acer. International Data Corporation (IDC) said on Monday that the last time computers saw such double-digit gains was over a decade ago when the PC market jumped 13.7% in 2010. Although manufacturers suffered from capacity shortages due to restrictions, as well as upheavals in the supply chain, the massive uptick in demand helped many to persevere.
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It was followed by HP (NYSE: HPQ), Dell Technologies (NYSE: DELL), Apple (NASDAQ: AAPL), and Acer. IDC reported that fourth-quarter computer sales got a lift from increased consumer demand as restrictions on mobility were lifted. IDC said Lenovo Group (OTC: LNVGY) was the top PC manufacturer with a 25.2% share as fourth-quarter shipments jumped 29% from 2019.
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It was followed by HP (NYSE: HPQ), Dell Technologies (NYSE: DELL), Apple (NASDAQ: AAPL), and Acer. Ryan Reith of IDC said, "In retrospect, the pandemic not only fueled PC market demand but also created opportunities that resulted in a market expansion." 10 stocks we like better than Apple When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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It was followed by HP (NYSE: HPQ), Dell Technologies (NYSE: DELL), Apple (NASDAQ: AAPL), and Acer. International Data Corporation (IDC) said on Monday that the last time computers saw such double-digit gains was over a decade ago when the PC market jumped 13.7% in 2010. IDC reported that fourth-quarter computer sales got a lift from increased consumer demand as restrictions on mobility were lifted.
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4cd1f42b-a3c1-41c8-b77e-9722740a5e12
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726048.0
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2021-01-09 00:00:00 UTC
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Why Dell Technologies Rose 39.1% in 2020
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DELL
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https://www.nasdaq.com/articles/why-dell-technologies-rose-39.1-in-2020-2021-01-09
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nan
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nan
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What happened
Shares of Dell Technologies (NYSE: DELL) rose 39.1% in 2020, according to data provided by S&P Global Market Intelligence. The technology conglomerate, which makes servers for businesses, laptops and desktops for businesses and consumers, and owns almost 81% of enterprise software company VMware (NYSE: VMW), had a surprisingly good year amid COVID. That was due partly to this year's laptop-buying binge, but also a bit of financial engineering announced over the summer that could unlock tremendous value.
Image source: Getty Images.
So what
Back in July, Dell announced its intention to eventually spin off its stake in VMware in an effort to unlock value. Incredibly, in the early part of the year, all of Dell was valued below the market value of its stake in VMware alone, some of which is publicly traded, as software stocks surged and more cyclical hardware stocks fell immediately following the pandemic.
Not only did Dell surge on that news, but its client solutions group, which makes consumer laptops and enterprise computers, has come in really strong. While PCs have been a mature, low or no-growth business for years, Dell's client solutions group rose 8% last quarter.
Now what
Dell's spinoff won't happen until September of 2021, when such a move would become tax-free for shareholders, as it will have been five years since Dell acquired VMware via its acquisition of EMC. Currently, Dell's 80.4% stake in VMware is worth about $48.2 billion, and today, Dell's market cap is about $57.6 billion.
That means the "rest of" Dell is really trading for about $9.4 billion. For context, Dell's non-VMware businesses have already made $4.8 billion in operating profit through the first nine months of the year.
Dell sure looks like one of the rare value stocks in the tech world right now, even after its big 2020 run.
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 November 20, 2020
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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Not only did Dell surge on that news, but its client solutions group, which makes consumer laptops and enterprise computers, has come in really strong. While PCs have been a mature, low or no-growth business for years, Dell's client solutions group rose 8% last quarter. What happened Shares of Dell Technologies (NYSE: DELL) rose 39.1% in 2020, according to data provided by S&P Global Market Intelligence.
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What happened Shares of Dell Technologies (NYSE: DELL) rose 39.1% in 2020, according to data provided by S&P Global Market Intelligence. While PCs have been a mature, low or no-growth business for years, Dell's client solutions group rose 8% last quarter. So what Back in July, Dell announced its intention to eventually spin off its stake in VMware in an effort to unlock value.
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Incredibly, in the early part of the year, all of Dell was valued below the market value of its stake in VMware alone, some of which is publicly traded, as software stocks surged and more cyclical hardware stocks fell immediately following the pandemic. Currently, Dell's 80.4% stake in VMware is worth about $48.2 billion, and today, Dell's market cap is about $57.6 billion. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Billy Duberstein owns shares of Dell Technologies Inc. His clients may own shares of the companies mentioned.
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10 stocks we like better than Dell Technologies Inc. What happened Shares of Dell Technologies (NYSE: DELL) rose 39.1% in 2020, according to data provided by S&P Global Market Intelligence. So what Back in July, Dell announced its intention to eventually spin off its stake in VMware in an effort to unlock value.
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fd07a04f-babd-4086-b50e-f442801dfd99
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726049.0
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2021-01-09 00:00:00 UTC
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3 Stocks That Are Absurdly Cheap Right Now
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DELL
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https://www.nasdaq.com/articles/3-stocks-that-are-absurdly-cheap-right-now-2021-01-09
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nan
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nan
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One of the best ways to maximize your odds of earning a great return on a stock is to buy it when it's dirt cheap. But with the average stock on the S&P 500 now trading at more than 27 times its earnings and the index soaring 15% over the past 12 months, it's not easy for investors to find great deals.
The good news is there are still some incredible bargains out there. Three ridiculously cheap stocks that you should consider buying right now are AbbVie (NYSE: ABBV), Lumen Technologies (NYSE: LUMN), and Dell (NYSE: DELL). They're trading at relatively low multiples to earnings and 2021 could be a good year for their businesses.
Image source: Getty Images.
1. AbbVie
AbbVie is a top healthcare stock that got a whole lot bigger in 2019 after closing on its $63 billion deal to acquire Botox-maker Allergan. Although the immunosuppressant Humira remains the company's top-selling drug, AbbVie will lose patent protection on it in 2023. So it makes sense that the company is looking for avenues to diversify as it tries to prepare for the inevitable decline in revenue. But with a broad portfolio that includes drugs in various categories, including immunology, aesthetics, eye care, and women's health, AbbVie has many opportunities for growth down the road.
Through the nine-month period ending Sept. 30, AbbVie's total revenue of $31.9 billion was up 30% from the prior-year period -- largely due to the inclusion of Allergan's results, as the deal didn't close until May of last year. However, its earnings of $4.6 billion during the period were down 9.9% year over year.
But those numbers will get better as Allergan and AbbVie continue to integrate and eliminate redundancies to make their operations more efficient. Today, AbbVie stock trades at a trailing price-to-earnings (P/E) ratio of 23, which is still cheaper than the average stock on the S&P 500. However, when you look at its forward P/E, which takes into account the earnings analysts are expecting from the company in the future, that multiple comes down to just nine.
Despite climbing 18% over the past year, AbbVie still looks like a bargain buy, especially as hospitals hope to resume more of their day-to-day operations this year and physicians are likely to prescribe more drugs to the many patients who skipped doctor visits during the pandemic. And with a dividend yield of about 5% (well above the S&P 500 average of about 1.6%), there's even more of an incentive to load up on the stock right now.
2. Lumen
Lumen, previously known as CenturyLink, is another cheap stock that might be too good of a buy to pass up on. The company's shares are down 22% over the past 12 months and could be due for a rally. Its trailing P/E is 8, and with an even lower forward P/E of 7, the stock looks like a bargain.
The Louisiana-based company is well-positioned to meet the needs of businesses that are trying to be more digital and remote. Through its Hyper Wide Area Network, Lumen helps offices get online, and its VPN ensures those connections are safe and private.
Over the past three quarters, the company's revenue of $15.6 billion has fallen 3.5%, but without goodwill impairment charges (which totaled $6.5 billion a year ago) weighing down its operations, it's produced a profit of $1.1 billion compared to a loss of $5.5 billion in the prior-year period.
With the rollout of multiple vaccines likely slowing down the pandemic this year, 2021 should be a better year for the economy. And that will lead to stronger demand for Lumen's services, making a recovery in the stock's price a real possibility this year. Its cheap price will only make it more attractive to value investors. It also pays an attractive quarterly dividend of $0.25, which at a share price of $10 yields 10% per year, and that could make it a hot buy for income investors.
3. Dell
Like Lumen, Dell is a business that will thrive as companies invest more into the cloud and technology in general. And although it is the best-performing stock on this list, rising 44% in value over the past year, it still may not be too late to buy shares of Dell. Its trailing P/E ratio is 23, which isn't all that cheap -- at least not until you look at its forward P/E, which is drastically lower at a multiple of just 10.
What makes Dell an appealing investment is that the tech company's business has been fairly stable, even amid the pandemic. Sales over the nine-month period ending Oct. 30 totaled $68.1 billion, which was flat from the prior-year period. And with less spend on selling, general, and administrative expenses, its operating income of $3 billion was a 55.7% improvement year over year.
Dell's diverse mix of physical computer products along with cloud-based solutions makes it a safe and diverse buy. In what should be a stronger economy this year, Dell could perform even better as companies upgrade their existing hardware and make the most of the cloud to support remote workers -- a trend that could be here to stay. It's the only stock on this list that doesn't pay a dividend, but that doesn't make it any worse of a buy, as Dell could have a fantastic year in 2021.
10 stocks we like better than AbbVie
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 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 November 20, 2020
David Jagielski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In what should be a stronger economy this year, Dell could perform even better as companies upgrade their existing hardware and make the most of the cloud to support remote workers -- a trend that could be here to stay. Three ridiculously cheap stocks that you should consider buying right now are AbbVie (NYSE: ABBV), Lumen Technologies (NYSE: LUMN), and Dell (NYSE: DELL). Dell Like Lumen, Dell is a business that will thrive as companies invest more into the cloud and technology in general.
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Three ridiculously cheap stocks that you should consider buying right now are AbbVie (NYSE: ABBV), Lumen Technologies (NYSE: LUMN), and Dell (NYSE: DELL). Dell Like Lumen, Dell is a business that will thrive as companies invest more into the cloud and technology in general. And although it is the best-performing stock on this list, rising 44% in value over the past year, it still may not be too late to buy shares of Dell.
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Three ridiculously cheap stocks that you should consider buying right now are AbbVie (NYSE: ABBV), Lumen Technologies (NYSE: LUMN), and Dell (NYSE: DELL). It's the only stock on this list that doesn't pay a dividend, but that doesn't make it any worse of a buy, as Dell could have a fantastic year in 2021. Dell Like Lumen, Dell is a business that will thrive as companies invest more into the cloud and technology in general.
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Three ridiculously cheap stocks that you should consider buying right now are AbbVie (NYSE: ABBV), Lumen Technologies (NYSE: LUMN), and Dell (NYSE: DELL). Dell Like Lumen, Dell is a business that will thrive as companies invest more into the cloud and technology in general. And although it is the best-performing stock on this list, rising 44% in value over the past year, it still may not be too late to buy shares of Dell.
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91a292cd-9a20-4a2e-a984-9c5b0f98dfab
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726050.0
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2021-01-08 00:00:00 UTC
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Even After This Massive Run, AMD Stock Is Still a Solid Buy
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DELL
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https://www.nasdaq.com/articles/even-after-this-massive-run-amd-stock-is-still-a-solid-buy-2021-01-08
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The 100% return on Advanced Micro Devices (NASDAQ:AMD) in 2020 is nothing short of breathtaking. The semiconductor company beat the Nasdaq’s nearly 50% return in that time. In the last half of the year, though, AMD stock is appearing to struggle.
AMD) sign outside of office building with greenery" width="300" height="169">
Source: JHVEPhoto / Shutterstock.com
AMD found support in the $75 – $80 range, at around its 50-day moving average. Conversely, the stock broke out in the last month to the $90 – $97.98 range.
At this price, the stock is valued at a still-expensive forward price-to-earnings ratio of 50 times. Its competitor, Intel (NASDAQ:INTC) failed to refresh its lineup of next-generation computer chips in the last year.
Might investors continue to expect Intel to stumble on the personal computer and server markets?
Intel Shake-Out Will Move AMD Stock
Hedge Fund activist Dan Loeb send a letter to Intel, which Reuters obtained. He urged the company to explore strategic alternatives. Having built a nearly $1 billion holding in Intel shares, Loeb called for the company to outsource more of its manufacturing capacity. It also wanted it to slim down. For example, that would put Intel’s Altera acquisition for $16.7 billion on the selling block.
10 of 2020's Most Fascinating SPAC Stocks
Divesting businesses not related to the PC CPU and data center market would put pressure on AMD. The company is enjoying market share growth in the server market. Thanks to its EPYC server product, customers benefit from higher performance at lower costs.
By comparison, Intel relied too long on the Xeon processor. Its latest processor is the E7-8890 v4. This has a 60MB cache, 24 cores, 48 threads, and a 3.40 GHz maximum turbo frequency.
AMD EPYC has a security feature called Infinity Guard. Its 7002 series outperforms Intel’s chip on nearly every benchmark, as shown here.
In the PC market, Intel’s integrated graphics offered with its CPU gives it an edge on convenience and pricing. Customers could opt from AMD’s 2400G or 3400G. But since the other AMD chips do not have integrated graphics, corporations may still prefer Intel’s desktop CPUs.
AMD for Gaming
Hardware and game review sites favor AMD’s Ryzen CPU. For example, PC Gamer rated Ryzen 9 5900X as the best CPU for gaming right now. It also rated Ryzen 5 5600X and Ryzen 7 5800X in the second and fourth rank, respectively.
In the notebook space, PC makers started to list AMD-powered solutions on the main page.
On Lenovo’s (OTCMKTS:LNVGY) website, two of the ThinkBooks, powered by the AMD’s Ryzen 4000 series, are listed at the top.
As more PC brands, including Dell (NYSE:DELL) and Hewlett-Packard (NYSE:HPQ), embrace AMD, revenue will continue to explode higher.
Risks to AMD
Click to Enlarge
Source: Chart courtesy of StockRover.com
Rumors that Microsoft (NASDAQ:MSFT) is working on in-house processors for its servers and PC are a threat to AMD. That would bring another goliath to the chip market. This would slow AMD’s market share growth and pressure its profit margins.
Technology from Arm Ltd. is proven to offer excellent performance and power-saving features. This chip would suit Microsoft’s hot-growing Surface PCs. The move would follow Apple’s (NASDAQ:AAPL) decision to power its computers with an in-house M1 chip.
For now, Wall Street analysts are not concerned about Microsoft or Apple going on their own. The average price target is around $95.00, and 13 of the 20 analysts rate AMD stock as a “buy.”
The ratings as shown above suggest that investors need not worry about AMD’s prospects. The stock has a perfect 100/100 growth rating. The company is efficiently run and has a healthy balance sheet, as the financial strength of 76/100 indicates. Still, the 37/100 value score is a data point to watch out for.
Your Takeaway
AMD will likely shine again this year. Its server and desktop business is thriving. The stay-at-home and work-from-home trends show no sign of abating.
A Covid-19 vaccine will encourage workers to return to work physically. That is still many months away. Until then, PC sales will increase throughout this year and next.
AMD is a stock to buy.
Disclosure: On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post Even After This Massive Run, AMD Stock Is Still a Solid Buy 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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As more PC brands, including Dell (NYSE:DELL) and Hewlett-Packard (NYSE:HPQ), embrace AMD, revenue will continue to explode higher. 10 of 2020's Most Fascinating SPAC Stocks Divesting businesses not related to the PC CPU and data center market would put pressure on AMD. Click to Enlarge Source: Chart courtesy of StockRover.com Rumors that Microsoft (NASDAQ:MSFT) is working on in-house processors for its servers and PC are a threat to AMD.
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As more PC brands, including Dell (NYSE:DELL) and Hewlett-Packard (NYSE:HPQ), embrace AMD, revenue will continue to explode higher. 10 of 2020's Most Fascinating SPAC Stocks Divesting businesses not related to the PC CPU and data center market would put pressure on AMD. In the PC market, Intel’s integrated graphics offered with its CPU gives it an edge on convenience and pricing.
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As more PC brands, including Dell (NYSE:DELL) and Hewlett-Packard (NYSE:HPQ), embrace AMD, revenue will continue to explode higher. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The 100% return on Advanced Micro Devices (NASDAQ:AMD) in 2020 is nothing short of breathtaking. 10 of 2020's Most Fascinating SPAC Stocks Divesting businesses not related to the PC CPU and data center market would put pressure on AMD.
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As more PC brands, including Dell (NYSE:DELL) and Hewlett-Packard (NYSE:HPQ), embrace AMD, revenue will continue to explode higher. The semiconductor company beat the Nasdaq’s nearly 50% return in that time. 10 of 2020's Most Fascinating SPAC Stocks Divesting businesses not related to the PC CPU and data center market would put pressure on AMD.
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9c074988-f74f-4095-93e3-7dce6623959c
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726051.0
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2020-12-30 00:00:00 UTC
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Hot Tech Stocks To Buy Before 2021? 3 Names To Watch
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DELL
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https://www.nasdaq.com/articles/hot-tech-stocks-to-buy-before-2021-3-names-to-watch-2020-12-30
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nan
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nan
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Can These Top Tech Stocks Continue Their Momentum Into 2021?
U.S. tech stocks have driven the stock market to record highs despite the coronavirus pandemic plaguing the world. In fact, the tech industry has also become one of the most profitable sectors in the country in recent years. Why is that so you may ask? I would believe that the industry has been able to adapt to the circumstances that came with the pandemic. It could swiftly accommodate the global shift in customer demand and needs.
The tech industry is huge and is filled with companies that specialize in various sectors of the market. For instance, we have software, hardware, and cloud computing. As an investor, this means you can diversify by investing in the various top tech stocks from a variety of sectors. It is undeniable that tech companies have helped shape the face of the stock market today. However, some investors are still looking for bigger and better opportunities in the future. If technology continues to make life easier for everyone, it will also continue to bring huge returns to investors if they can stay one step ahead of the curve. If history was any teacher, you only need to look at tech stocks like Apple (AAPL Stock Report) and Amazon (AMZN Stock Report) to see how successful they have become today.
How is it that tech companies can perform so well despite the economic volatility caused by the pandemic? It is because of how much we depend on the tech offerings from these companies and it directly influences the way we work, shop, and live. With that in mind, let us take a look at the best tech stocks to buy before 2021.
Read More
3 Electric Vehicle Stocks To Watch Before 2021
Could These Be The Top Renewable Energy Stocks To Watch Going Into 2021? 2 Up 700%+ YTD
Best Tech Stocks To Buy [Or Sell] Before 2021: Intel Corporation
Intel (INTC Stock Report) is a technology titan that has been in the industry for decades. It is the world’s largest semiconductor chip manufacturer based on revenue. It supplies its microprocessors for computer systems manufacturers like HP (HPQ Stock Report) and Dell (DELL Stock Report).
By looking at the company’s latest quarter financials posted in October, we can see that the company made $18.3 billion for the quarter. Intel also reported earnings per share of $1.02. These figures exceeded investor expectations despite pandemic-related impacts in a significant portion of Intel’s business. This is also impressive as Intel has managed to weather through the pandemic and economic uncertainty. The company also reports that its third 10nm manufacturing facility, located in Arizona, is now fully operational.
Intel stocks have popped by 6% in yesterday’s trading. This was after hedge fund Third Point LLC was reported to be pushing Intel to explore strategic alternatives. The hedge fund wants Intel to consider separating its chip design operations from its manufacturing operations via a manufacturing joint venture. Third Points owns about $1 billion of Intel stocks. Intel also released a statement yesterday that it welcomes input from all regarding enhanced shareholder value in response to Third Point. Could Intel be heading in the right direction and would this be enough for you to have INTC stock on your watchlist?
Best Tech Stocks To Buy [Or Sell] Before 2021: Snap Inc.
Snap (SNAP Stock Report) is a tech company that is behind the popular social media app Snapchat. It is also a camera company that is reinventing the camera. The company’s stock price briefly hit an all-time high yesterday after receiving a very enthusiastic buy rating from analysts at Goldman Sachs, citing strong ad sales and a growing user base. Nevertheless, it has taken a breather this morning, falling 2% as of 10:00 a.m. ET.
The company has been doing well financially in 2020, to say the least. In the company’s latest quarter financials posted in October, Snap reported a revenue increase of 52% year-over-year to $679 million. The average revenue per user rose by 28% to $2.73. The company also reported that its daily active user increased by 18% in this quarter to 249 million. Impressively, the company also says that its average number of Snaps created every day grew by 25% to a year earlier. Will Snap be able to maintain this momentum going into 2021?
I believe so as the company has made a slew of investments into its camera and augmented reality platforms this year. This includes Lens Studio, which is a powerful application designed for artists and developers to build augmented reality experiences for Snapchat users. Last month, the company also launched Spotlight, which is a new entertainment platform for user-generated content. Snap’s spotlight product, new ad campaign objectives, and bid types, all have the potential to drive further momentum in engagement growth and provide scale to advertisers. With such exciting growth surrounding the company, will you want to own SNAP stock?
[Read More] Making A List Of The Top Autonomous Vehicle Stocks To Watch In January 2021?
Best Tech Stocks To Buy [Or Sell] Before 2021: Sea Limited
Sea (SE Stock Report) is a tech company that is based in Singapore. The company has developed an integrated platform consisting of digital entertainment, e-commerce, and digital financial services. The company owns Shopee, which is the leading e-commerce platform in Southeast Asia and Taiwan. Sea stocks have been up by over 300% year-to-date and are trading at $196.75 as of 4:00 p.m. ET.
In the company’s third-quarter fiscal posted last month, Sea reported total revenue of $1.2 billion, up by 98.7% year-over-year. About half of this revenue came from Shopee. Its gross merchandise value (GMV) was $9.3 billion, an impressive 102.7% increase compared to a year earlier. In Indonesia, Shopee is the largest e-commerce platform and has registered over 310 million orders in the quarter. It also continued to rank #1 in the Shopping category by downloads, average monthly active users, and total time spent in-app on Android for the quarter. These are truly commendable feats by the company.
Earlier this month, the company was selected for the award of a license to operate a digital full bank in Singapore. This will allow Sea to offer digital banking services to address the underserved financial needs of young consumers and SMEs in Singapore. Along with its SeaMoney, a digital payments and financial services, Sea is already deeply integrated into Singapore’s digital economy. If anything, this license would only propel the company further. All things considered, will you have SE stock in your portfolio?
The views and 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 supplies its microprocessors for computer systems manufacturers like HP (HPQ Stock Report) and Dell (DELL Stock Report). The company’s stock price briefly hit an all-time high yesterday after receiving a very enthusiastic buy rating from analysts at Goldman Sachs, citing strong ad sales and a growing user base. Snap’s spotlight product, new ad campaign objectives, and bid types, all have the potential to drive further momentum in engagement growth and provide scale to advertisers.
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It supplies its microprocessors for computer systems manufacturers like HP (HPQ Stock Report) and Dell (DELL Stock Report). In the company’s latest quarter financials posted in October, Snap reported a revenue increase of 52% year-over-year to $679 million. Best Tech Stocks To Buy [Or Sell] Before 2021: Sea Limited Sea (SE Stock Report) is a tech company that is based in Singapore.
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It supplies its microprocessors for computer systems manufacturers like HP (HPQ Stock Report) and Dell (DELL Stock Report). If history was any teacher, you only need to look at tech stocks like Apple (AAPL Stock Report) and Amazon (AMZN Stock Report) to see how successful they have become today. 2 Up 700%+ YTD Best Tech Stocks To Buy [Or Sell] Before 2021: Intel Corporation Intel (INTC Stock Report) is a technology titan that has been in the industry for decades.
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It supplies its microprocessors for computer systems manufacturers like HP (HPQ Stock Report) and Dell (DELL Stock Report). Can These Top Tech Stocks Continue Their Momentum Into 2021? Third Points owns about $1 billion of Intel stocks.
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56a55088-8a08-4ae1-9acf-95db574d7212
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726052.0
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2020-12-24 00:00:00 UTC
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Laptops, desktop sales see 'renaissance;' shortages won't ease until 2022
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DELL
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https://www.nasdaq.com/articles/laptops-desktop-sales-see-renaissance-shortages-wont-ease-until-2022-2020-12-24
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nan
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nan
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By the end of 2021, installed PCs and tablets will reach 1.77 billion, up from 1.64 billion in 2019, according to research company Canalys. The virus pressed families into expanding from one PC for the house to one for each student, video gamer or homebound worker.
To meet the sudden demand, the world's handful of big PC vendors added suppliers, sped up shipping and teased better models launching next year. It has not been enough.
Prendergast said Acer has been absorbing the cost to fly laptops directly to its education customers, ditching boats and trains to cut a month off shipping. Yet with assembly lines behind, some customers must wait four months to get shipments.
Components including screens and processors are hard to get even with many factories long past virus shutdowns, analysts said. They added 2021 sales forecasts would be higher if not for the supply issues.
Ishan Dutt, a Canalys analyst, recalled a customer telling a vendor in April that any device with a keyboard would suffice as long as shipments arrived in a week. That urgent need has subsided, but people now want to upgrade, maintaining pressure on the industry, Dutt said.
Additional government stimulus money for schools and businesses in several countries may add to the crunch until 2022, said Ryan Reith, vice president at analyst firm IDC.
Some computers coming to market in the next few months address new needs. They feature better cameras and speakers for video conferencing, analysts said. More models will have a cellular chip, aiding users who can access 4G or 5G mobile signals but not traditional Wi-Fi.
Sam Burd, president at PC maker Dell Technologies Inc DELL.N, this month said the industry "renaissance" would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras.
Dell's online orders from consumers surged 62% in the third quarter compared with last year. Over Black Friday, teams that would normally ring bells at Dell's Texas headquarters to celebrate big sales gathered like many other people in 2020 - over Zoom from PCs at home.
Intel's margins tumble as customers shift to cheaper chips, shares slide 10%
(Reporting by Paresh Dave; Editing by Cynthia Osterman)
((paresh.dave@thomsonreuters.com; 415-565-1302;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sam Burd, president at PC maker Dell Technologies Inc DELL.N, this month said the industry "renaissance" would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras. Over Black Friday, teams that would normally ring bells at Dell's Texas headquarters to celebrate big sales gathered like many other people in 2020 - over Zoom from PCs at home. Dell's online orders from consumers surged 62% in the third quarter compared with last year.
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Sam Burd, president at PC maker Dell Technologies Inc DELL.N, this month said the industry "renaissance" would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras. Dell's online orders from consumers surged 62% in the third quarter compared with last year. Over Black Friday, teams that would normally ring bells at Dell's Texas headquarters to celebrate big sales gathered like many other people in 2020 - over Zoom from PCs at home.
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Sam Burd, president at PC maker Dell Technologies Inc DELL.N, this month said the industry "renaissance" would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras. Dell's online orders from consumers surged 62% in the third quarter compared with last year. Over Black Friday, teams that would normally ring bells at Dell's Texas headquarters to celebrate big sales gathered like many other people in 2020 - over Zoom from PCs at home.
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Sam Burd, president at PC maker Dell Technologies Inc DELL.N, this month said the industry "renaissance" would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras. Dell's online orders from consumers surged 62% in the third quarter compared with last year. Over Black Friday, teams that would normally ring bells at Dell's Texas headquarters to celebrate big sales gathered like many other people in 2020 - over Zoom from PCs at home.
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074a1ec4-b0e0-416f-a087-b6650f96262c
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726053.0
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2020-12-21 00:00:00 UTC
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Microsoft, Google, Cisco, Dell join legal battle against hacking company NSO
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DELL
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https://www.nasdaq.com/articles/microsoft-google-cisco-dell-join-legal-battle-against-hacking-company-nso-2020-12-21
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nan
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nan
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By Raphael Satter
Dec 21 (Reuters) - Tech giants including Microsoft MSFT.O and Google GOOGL.O on Monday joined Facebook's FB.O legal battle against hacking company NSO, filing an amicus brief in federal court that warned that the Israeli firm's tools were "powerful, and dangerous."
The brief, filed before the U.S. Court of Appeals for the Ninth Circuit, opens up a new front in Facebook's lawsuit against NSO, which it filed last year after it was revealed that the cyber surveillance firm had exploited a bug in Facebook-owned instant messaging program WhatsApp to help surveil more than 1,400 people worldwide.
NSO has argued that, because it sells digital break-in tools to police and spy agencies, it should benefit from "sovereign immunity" - a legal doctrine that generally insulates foreign governments from lawsuits. NSO lost that argument in the Northern District of California in July and has since appealed to the Ninth Circuit to have the ruling overturned.
Microsoft, Alphabet-owned Google, Cisco CSCO.O, Dell Technologies-owned VMWare DELL.N and the Washington-based Internet Association joined forces with Facebook to argue against that, saying that awarding soverign immunity to NSO would lead to a proliferation of hacking technology and "more foreign governments with powerful and dangerous cyber surveillance tools."
That in turn "means dramatically more opportunities for those tools to fall into the wrong hands and be used nefariously," the brief argues.
NSO - which did not immediately return a message seeking comment - argues that its products are used to fight crime. But human rights defenders and technologists at places such as Toronto-based Citizen Lab and London-based Amnesty International have documented cases in which NSO technology has been used to target reporters, lawyers and even nutrionists lobbying for soda taxes.
Citizen Lab published a report on Sunday alleging that NSO's phone-hacking technology had been deployed to hack three dozen phones belonging to journalists, producers, anchors, and executives at Qatar-based broadcaster Al Jazeera as well as a device beloning to a reporter at London-based Al Araby TV.
NSO's spyware was also been linked to the slaying of Washington Post journalist Jamal Khashoggi, who was murdered and dismembered in the Saudi consulate in Istanbul in 2018. Khashoggi's friend, dissident video blogger Omar Abdulaziz, has long argued that it was the Saudi government's ability to see their WhatsApp messages that led to his death.
NSO has denied hacking Khashoggi, but has so far declined to comment on whether its technology was used to spy on others in his circle.
(Reporting by Raphael Satter; Editing by Sonya Hepinstall and Stephen Coates)
((Raphael.Satter@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Microsoft, Alphabet-owned Google, Cisco CSCO.O, Dell Technologies-owned VMWare DELL.N and the Washington-based Internet Association joined forces with Facebook to argue against that, saying that awarding soverign immunity to NSO would lead to a proliferation of hacking technology and "more foreign governments with powerful and dangerous cyber surveillance tools." By Raphael Satter Dec 21 (Reuters) - Tech giants including Microsoft MSFT.O and Google GOOGL.O on Monday joined Facebook's FB.O legal battle against hacking company NSO, filing an amicus brief in federal court that warned that the Israeli firm's tools were "powerful, and dangerous." But human rights defenders and technologists at places such as Toronto-based Citizen Lab and London-based Amnesty International have documented cases in which NSO technology has been used to target reporters, lawyers and even nutrionists lobbying for soda taxes.
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Microsoft, Alphabet-owned Google, Cisco CSCO.O, Dell Technologies-owned VMWare DELL.N and the Washington-based Internet Association joined forces with Facebook to argue against that, saying that awarding soverign immunity to NSO would lead to a proliferation of hacking technology and "more foreign governments with powerful and dangerous cyber surveillance tools." By Raphael Satter Dec 21 (Reuters) - Tech giants including Microsoft MSFT.O and Google GOOGL.O on Monday joined Facebook's FB.O legal battle against hacking company NSO, filing an amicus brief in federal court that warned that the Israeli firm's tools were "powerful, and dangerous." The brief, filed before the U.S. Court of Appeals for the Ninth Circuit, opens up a new front in Facebook's lawsuit against NSO, which it filed last year after it was revealed that the cyber surveillance firm had exploited a bug in Facebook-owned instant messaging program WhatsApp to help surveil more than 1,400 people worldwide.
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Microsoft, Alphabet-owned Google, Cisco CSCO.O, Dell Technologies-owned VMWare DELL.N and the Washington-based Internet Association joined forces with Facebook to argue against that, saying that awarding soverign immunity to NSO would lead to a proliferation of hacking technology and "more foreign governments with powerful and dangerous cyber surveillance tools." By Raphael Satter Dec 21 (Reuters) - Tech giants including Microsoft MSFT.O and Google GOOGL.O on Monday joined Facebook's FB.O legal battle against hacking company NSO, filing an amicus brief in federal court that warned that the Israeli firm's tools were "powerful, and dangerous." The brief, filed before the U.S. Court of Appeals for the Ninth Circuit, opens up a new front in Facebook's lawsuit against NSO, which it filed last year after it was revealed that the cyber surveillance firm had exploited a bug in Facebook-owned instant messaging program WhatsApp to help surveil more than 1,400 people worldwide.
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Microsoft, Alphabet-owned Google, Cisco CSCO.O, Dell Technologies-owned VMWare DELL.N and the Washington-based Internet Association joined forces with Facebook to argue against that, saying that awarding soverign immunity to NSO would lead to a proliferation of hacking technology and "more foreign governments with powerful and dangerous cyber surveillance tools." The brief, filed before the U.S. Court of Appeals for the Ninth Circuit, opens up a new front in Facebook's lawsuit against NSO, which it filed last year after it was revealed that the cyber surveillance firm had exploited a bug in Facebook-owned instant messaging program WhatsApp to help surveil more than 1,400 people worldwide. That in turn "means dramatically more opportunities for those tools to fall into the wrong hands and be used nefariously," the brief argues.
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9b276f46-b8f3-41fb-8f16-50d14d2fc8f5
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726054.0
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2020-12-20 00:00:00 UTC
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3 Top Tech Stocks To Watch This Week; 2 Up By 100%+ Since March
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DELL
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https://www.nasdaq.com/articles/3-top-tech-stocks-to-watch-this-week-2-up-by-100-since-march-2020-12-20
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nan
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nan
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Are These Top Tech Stocks On Your Watchlist This Short Holiday Week?
For the past year, you can’t deny that tech stocks have been dominating the stock market. Although the coronavirus pandemic halted most industries, those in the tech industry pressed on and continued to innovate. In fact, you could say that the pandemic brought in a whole new mess of problems to be solved with tech. This year, we saw top tech stocks like Amazon (AMZN Stock Report) continue to dominate in their respective fields while branching out to others. Companies like Zoom (ZM Stock Report) found themselves in the perfect position to help those stuck at home. All of this growth is possible through tech.
As we are all aware, the term ‘tech’ is a huge umbrella under which various parts of the stock market fall under. Because of this, investors are faced with the dilemma of figuring out which of the best tech stocks to buy are worth their time. The options are endless as the coronavirus pandemic has boosted many subsections of tech. This includes but is not limited to fintech, streaming tech, and even consumer tech. With all this emphasis on tech, it is no wonder that the industry is booming on all fronts.
For today’s article we will be looking at computer tech. If anything, it is one of the few pieces of hardware that has not lost its value due to the pandemic. Whether it’s working in a physical or digital office, employees will most likely need a personal computer. Aside from that, students and teachers alike have also come to rely heavily on this tech in these times. Should tech savvy investors be looking towards computer companies to expand their tech portfolios? Here’s a list to help you decide.
Read More
Looking For Top Growth Stocks To Buy? 3 Names To Know
Making A List Of Top Cloud Stocks To Watch Now? 1 Up By Over 350% YTD
Best Tech Stocks To Watch This Week: Micron Technology
Starting us off, we have Micron (MU Stock Report). Micron is an Idaho-based tech company that produces a wide variety of computer hardware. Mainly, it specializes in the production of computer memory and computer data storage hardware. Its consumer tech products are marketed under the brands of Crucial and Ballistix. Understandably, this mode of business has benefited the company in the middle of a pandemic. Simply put, such hardware would serve as a means of data transfer for smaller companies undergoing digital acceleration. Micron’s share prices have more than doubled since the stock market crash in March.
In its recent quarter fiscal reported in September, the company saw a 24% rise in revenue year-over-year. Additionally, it also saw solid jumps of 76% in net income and 77% in earnings per share over the same period. CEO Sanjay Mehrotra commented, “Micron delivered solid fiscal fourth-quarter revenue and EPS resulting from strong DRAM sales in cloud, PC and gaming consoles, and an extraordinary increase in QLC NAND shipments,” It seems that people love what Micron is selling and investors would definitely be happy to hear that. Mehrotra also mentioned that the company will be looking towards building momentum in 2021 by growing its product portfolio further.
For one thing, Micron is not resting on its laurels right now. The company is currently making moves in India. Namely, news broke on Wednesday that it will be expanding its India division over the next three years. This will also entail the establishing of a ‘Center of Excellence’ to facilitate industry-academia collaboration in India. Locally, Amazon announced a big sale on Micron’s Crucial product line. It seems to me that this could be an interesting time for the company across the board. Would you say all this merits having MU stock in your portfolio?
Best Tech Stocks To Watch This Week: Intel Corporation
Next up, we have semiconductor chip manufacturer, Intel (INTC Stock Report). The chip giant has not had the best of years. Admittedly, it has lost market share to competitor Advanced Micro Device (AMD Stock Report) in 2020. However, Intel does not appear to be taking its losses lying down. We can see that it has to be up to something with its share prices seeing gains of over 10% since early November.
Just this week, Intel launched three new data center drives and its competitors could have a reason to be nervous. Namely, it released the ‘world’s fastest solid-state drive’. The company’s new offering is reportedly capable of reading three times as many inputs/output operations than its predecessor. This is definitely a great development for Intel. Investors may be seeing this as an opportunity for the company to catch up with its rivals. Time will tell if they hold on to this position long enough to reap the benefits.
In its recent quarter fiscal reported in October, the company generated $18.33 billion in revenue for the quarter. In light of the pandemic impacting Intel’s significant business segments, this is no easy feat. CEO Bob Swan commented, “We remain confident in our strategy and the long-term value we’ll create as we deliver leadership products.” Swan also mentioned the company’s plans to “win a share in a diversified market fueled by data and the rise of AI, 5G networks, and edge computing.” Should things go as planned, do you think INTC stock could make a comeback in 2021?
[Read More] Making A List Of The Best Biotech Stocks To Buy Next Week? 3 Names To Watch
Best Tech Stocks To Watch This Week: Dell Technologies
Following that, we have a name you are likely familiar with, Dell (DELL Stock Report). You can’t deny that Dell is a household name with its classic computer hardware offerings. Correspondingly, the company’s shares are having a fantastic year on the stock market so far. Specifically, the company’s share price reached an all-time high of $75.06 during Friday’s trading session. Investors must be curious as to what happened.
Notably, the company released its new XPS 13 laptop in the Indian market. This laptop comes with the latest generation of Intel chipsets. As a result, investors could be anticipating an increase in sales as it is a prime market for tech. Moreover, with the holiday season approaching fast, it could be a fantastic offer for those looking for a tech upgrade. On top of that, the company unveiled plans to bolster its existing security solutions earlier this week. This could explain DELL stock’s ongoing rally throughout the trading week till now. Regardless, investors seem to be watching DELL stock closely.
To add to this, the company also reported stellar results in its third-quarter fiscal. Dell managed to bring in $23.48 billion in revenue for the quarter with an impressive 63% rise in earnings per share year-over-year. Considering its great quarter and its recent moves in key markets, it could be the beginning of interesting times for the company. Will this be as good as it gets or does DELL stock still have room to grow? Your guess is as good as mine.
The views and 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 Names To Watch Best Tech Stocks To Watch This Week: Dell Technologies Following that, we have a name you are likely familiar with, Dell (DELL Stock Report). You can’t deny that Dell is a household name with its classic computer hardware offerings. This could explain DELL stock’s ongoing rally throughout the trading week till now.
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3 Names To Watch Best Tech Stocks To Watch This Week: Dell Technologies Following that, we have a name you are likely familiar with, Dell (DELL Stock Report). You can’t deny that Dell is a household name with its classic computer hardware offerings. This could explain DELL stock’s ongoing rally throughout the trading week till now.
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3 Names To Watch Best Tech Stocks To Watch This Week: Dell Technologies Following that, we have a name you are likely familiar with, Dell (DELL Stock Report). You can’t deny that Dell is a household name with its classic computer hardware offerings. This could explain DELL stock’s ongoing rally throughout the trading week till now.
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3 Names To Watch Best Tech Stocks To Watch This Week: Dell Technologies Following that, we have a name you are likely familiar with, Dell (DELL Stock Report). You can’t deny that Dell is a household name with its classic computer hardware offerings. This could explain DELL stock’s ongoing rally throughout the trading week till now.
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314719b5-c5fc-46b6-a811-abed1b1f6150
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726055.0
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2020-12-19 00:00:00 UTC
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Better Buy: Advanced Micro Devices vs. Intel
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DELL
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https://www.nasdaq.com/articles/better-buy%3A-advanced-micro-devices-vs.-intel-2020-12-19
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nan
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nan
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The battle between Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) has intensified dramatically in recent years. After spending decades behind the power curve, AMD took a technical lead as Intel's progress short-circuited.
However, just because Intel has fallen behind does not mean it is out of the game. Intel still generates more revenue than its competitors. It also remains a continuing force in the industry as it retains clients such as Dell, Lenovo, and HP.
Now, investors need to decide whether the emerging growth name or the longtime tech giant can upload higher investor returns. Let's look at both chip stocks to see which might better suit investors.
The state of both companies
The relationship between AMD and Intel has become defined by a dramatic role reversal. AMD long lagged Intel in the PC market and was left for dead after PCs declined.
However, under CEO Lisa Su, it has staged a dramatic comeback. It has become a formidable competitor to NVIDIA in the GPU market. Among its more notable victories is becoming the chipmaker for Microsoft's new Xbox and the Sony PlayStation 5.
Image source: Getty Images.
Still, its most dramatic victory comes in its technical lead over Intel. AMD now markets 7nm chips, while Intel will not release a 7nm chip until 2022 at the earliest. Additionally, the company that once could produce all of its own chips has had to rely more heavily on Taiwan Semiconductor's fab to meet production goals. CEO Bob Swan said he is also considering outsourcing to produce 7nm chips.
Despite these disappointments, Intel has attempted to redefine itself in today's technology market. Data centers, the Internet of Things, and autonomous cars are among its non-PC business lines. It has also embedded its technology within emerging 5G networks. Time will tell if some of these technologies can spark a revival in Intel stock.
How the financials compare
For now, an Intel recovery is not within sight. AMD stock has risen by approximately 110% this year. In contrast, Intel stock has experienced significant latency, as it is down by around 15% for 2020.
AMD data by YCharts
As most would probably expect, this has made AMD a more expensive stock. AMD's forward price-to-earnings (P/E) ratio is now approximately 54. This dramatically outpaces Intel's forward multiple of around 11.
Nonetheless, AMD's non-GAAP earnings came in at $0.41 per share in the most recent quarter. This is a 128% increase from year-ago levels. Conversely, Intel's non-GAAP profit of $1.11 per share was a 22% drop over the same period.
However, Intel is in better shape from a financial standpoint than some might assume. For one, it remains a much larger company. Its $18.3 billion in quarterly revenue is 6.5 times the $2.8 billion brought in by AMD. Additionally, Intel's cash flows remain robust. In the first nine months of the year, Intel generated about $15.1 billion in free cash flow.
This allows the company to pay a steadily rising dividend of $1.32 per share, a yield of about 2.6% at current prices. The payout cost the company $4.2 billion over the nine-month period, leaving ample cash to buy back shares or invest back into the company.
AMD has not performed quite as strongly in this regard. Over the same nine-month timeframe, it reported a free cash flow of $297 million. This comes after reporting negative cash flow in the same period last year.
AMD or Intel?
Still, for all of Intel's attributes, AMD is more likely to offer faster growth rates to investors.
Indeed, AMD's investors will have to pay a premium. However, it is the only one of these companies generating significant growth. Moreover, its technical lead means that AMD will remain a force in the semiconductor industry for the foreseeable future.
Intel may retain the client base and the cash flows to remain a force in the industry. Nonetheless, AMD's rising fortunes should offer stronger returns.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It also remains a continuing force in the industry as it retains clients such as Dell, Lenovo, and HP. AMD long lagged Intel in the PC market and was left for dead after PCs declined. Additionally, the company that once could produce all of its own chips has had to rely more heavily on Taiwan Semiconductor's fab to meet production goals.
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It also remains a continuing force in the industry as it retains clients such as Dell, Lenovo, and HP. The battle between Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) has intensified dramatically in recent years. In the first nine months of the year, Intel generated about $15.1 billion in free cash flow.
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It also remains a continuing force in the industry as it retains clients such as Dell, Lenovo, and HP. The battle between Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) has intensified dramatically in recent years. AMD now markets 7nm chips, while Intel will not release a 7nm chip until 2022 at the earliest.
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It also remains a continuing force in the industry as it retains clients such as Dell, Lenovo, and HP. Still, its most dramatic victory comes in its technical lead over Intel. AMD or Intel?
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751d6be6-8edd-4db2-81e8-8128872db4fc
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726056.0
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2020-12-16 00:00:00 UTC
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EXCLUSIVE-Suspected Chinese hackers stole camera footage from African Union - memo
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DELL
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https://www.nasdaq.com/articles/exclusive-suspected-chinese-hackers-stole-camera-footage-from-african-union-memo-2020-12
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nan
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nan
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By Raphael Satter
WASHINGTON, Dec 16 (Reuters) - As diplomats gathered at the African Union's headquarters earlier this year to prepare for its annual leaders' summit, employees of the international organization made a disturbing discovery.
Someone was stealing footage from their own security cameras.
Acting on a tip from Japanese cyber researchers, the African Union's (AU) technology staffers discovered that a group of suspected Chinese hackers had rigged a cluster of servers in the basement of an administrative annex to quietly siphon surveillance videos from across the AU's sprawling campus in Addis Ababa, Ethiopia's capital.
The security breach was carried out by a Chinese hacking group nicknamed "Bronze President," according to a five-page internal memo reviewed by Reuters. It said the affected cameras covered "AU offices, parking areas, corridors, and meeting rooms."
"We cannot estimate the quantity and value of the data which have been stolen," the memo continued, adding that while AU technicians had managed to interrupt the flow of data, the hackers could easily regain the upper hand.
"We are still weak to prevent another attack," the memo said.
The alert, drafted in late January and circulated to senior officials, provides a glimpse of how world powers are jockeying for influence and visibility at the continent's paramount pan-African organization. Some American and European officials have voiced concern as Beijing has stepped in to meet the AU's needs - part of an Africa-wide shift that has seen China become the continent's top creditor. Chinese workers built the AU's showpiece new conference center in 2012 and Chinese technicians still help maintain the organization's digital infrastructure.
The Chinese mission to the AU said in an email that "the AU side has not mentioned being hacked on any occasion" and that Africa and China are "good friends, partners and brothers."
"We never interfere in Africa's internal affairs and wouldn't do anything that harms the interests of the African side," the email said.
Repeated messages sent to AU spokesperson Ebba Kalondo asking about the January breach were marked as "read" but went unanswered.
Longstanding doubts over Beijing's role at the AU spilled into the open in 2018, when French newspaper Le Monde reported that AU employees had found that the servers at the new conference center were sending copies of their contents to Shanghai every night and that the building itself had been honeycombed with listening devices.
Both the AU and the Chinese government vehemently denied the report at the time, but a former AU official told Reuters the article in Le Monde was accurate and had put officials there on high alert over cyberespionage.
The former official said the latest breach was discovered following a tip from Japan's Computer Emergency Response Team (CERT), which in a Jan. 17 email alerted AU officials to unusual traffic between the international organization's network and a domain associated with Bronze President.
Koichiro Komiyama, who directs the global coordination division of Japan's CERT, confirmed to Reuters that he sent the warning after a fellow researcher discovered the malicious traffic while picking through the hacking group's old infrastructure.
The AU memo said that, within days of Komiyama's email, the AU's information technology team had traced the suspicious traffic to a set of servers in the basement of the organization's Building C - part of an older complex across the road from the new conference center.
The memo said the hackers were able to siphon off "a huge volume of traffic" from the servers by hiding it in the regular flow of data leaving the AU's network during business hours, even pausing their data theft during lunch.
Secureworks, an arm of Dell Technologies Inc DELL.N which has been tracking Bronze President since 2018, confirmed that the malicious domain identified by Japan's CERT was linked to the hackers.
Secureworks researcher Mark Osborn said his company had seen strong evidence that Bronze President operated from China, adding that it had been detected in several espionage campaigns targeting China's neighbors, including Mongolia and India.
Any official protest over the spying is unlikely, according to the former AU official. He said China plays a critical role in keeping the organization running, including during an incident in June when part of the AU's network was knocked out by a power failure and Chinese technicians swiftly repaired the damage.
For that reason, the former official expects that the surveillance camera incident - like the listening devices reported in 2018 - would be swept under the rug.
"Attacking the Chinese, for us, it's a very bad idea," he said.
(Reporting by Raphael Satter; editing by Jonathan Weber and Edward Tobin)
((Raphael.Satter@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Secureworks, an arm of Dell Technologies Inc DELL.N which has been tracking Bronze President since 2018, confirmed that the malicious domain identified by Japan's CERT was linked to the hackers. By Raphael Satter WASHINGTON, Dec 16 (Reuters) - As diplomats gathered at the African Union's headquarters earlier this year to prepare for its annual leaders' summit, employees of the international organization made a disturbing discovery. Koichiro Komiyama, who directs the global coordination division of Japan's CERT, confirmed to Reuters that he sent the warning after a fellow researcher discovered the malicious traffic while picking through the hacking group's old infrastructure.
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Secureworks, an arm of Dell Technologies Inc DELL.N which has been tracking Bronze President since 2018, confirmed that the malicious domain identified by Japan's CERT was linked to the hackers. Acting on a tip from Japanese cyber researchers, the African Union's (AU) technology staffers discovered that a group of suspected Chinese hackers had rigged a cluster of servers in the basement of an administrative annex to quietly siphon surveillance videos from across the AU's sprawling campus in Addis Ababa, Ethiopia's capital. The security breach was carried out by a Chinese hacking group nicknamed "Bronze President," according to a five-page internal memo reviewed by Reuters.
|
Secureworks, an arm of Dell Technologies Inc DELL.N which has been tracking Bronze President since 2018, confirmed that the malicious domain identified by Japan's CERT was linked to the hackers. Acting on a tip from Japanese cyber researchers, the African Union's (AU) technology staffers discovered that a group of suspected Chinese hackers had rigged a cluster of servers in the basement of an administrative annex to quietly siphon surveillance videos from across the AU's sprawling campus in Addis Ababa, Ethiopia's capital. Both the AU and the Chinese government vehemently denied the report at the time, but a former AU official told Reuters the article in Le Monde was accurate and had put officials there on high alert over cyberespionage.
|
Secureworks, an arm of Dell Technologies Inc DELL.N which has been tracking Bronze President since 2018, confirmed that the malicious domain identified by Japan's CERT was linked to the hackers. Someone was stealing footage from their own security cameras. The former official said the latest breach was discovered following a tip from Japan's Computer Emergency Response Team (CERT), which in a Jan. 17 email alerted AU officials to unusual traffic between the international organization's network and a domain associated with Bronze President.
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98fc3a12-3753-43fa-9443-2c9047be458d
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726057.0
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2020-12-10 00:00:00 UTC
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Trust, equity and sustainability: VMware's Gelsinger on a 2030 Agenda
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DELL
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https://www.nasdaq.com/articles/trust-equity-and-sustainability%3A-vmwares-gelsinger-on-a-2030-agenda-2020-12-10
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nan
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nan
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By Lauren Young
NEW YORK, Dec 10 (Reuters) - "Your generation has accomplished extraordinary things. But did you have to bankrupt this planet?"
That recent comment from Pat Gelsinger's daughter-in-law was "a slap in the face," said Gelsinger, the chief executive of software maker VMware IncVMW.N.
But in what he calls the "Year of the Triple" - climate change, a global pandemic and racial upheaval, it also helped influence a call to action.
On Dec. 10, the Palo Alto, California-based company unveiled its 2030 Agenda, a list of 30 environmental, social and governance (ESG) goals ranging from hiring one woman for every man, to procuring 100% of its power from renewable energy by the end of the decade.
Gelsinger, 59, spoke to Reuters about why "a company with greater purpose" is his mantra. Edited excerpts are below.
Q. What is the driver for this vast range of goals for the next decade?
A. We're not a consumer brand. But VMware is one of the largest software brands on the planet and is deeply embedded in operations, data centers and management environments.
At our soul, we've always held ESG-related topics closely - what we call our EPIC2 values: Execution, Passion, Integrity, Customer, Community.
With our 2030 goals, the objectives that we have are much, much greater than ourselves. The agenda is aligned around three core concepts: trust, equity and sustainability.
Q. Talk to me about trust.
A. We view our role in technology as a force for good. Not just what it is, but how it's used, and how society can embrace it and be better as a result of technology.
Products have to be secure. They have got to be trustworthy. The COVID era has demonstrated this more than ever. Humanity relies on us. So how do we build trust into everything that we do?
Q. And what about equity?
A. It's who we hire, our diversity goals, proper representation of women, and making tech education available broadly. Can we bridge the digital divide and create a future that is more accessible and inclusive?
Q. Which of these 30 goals will be the hardest to achieve?
A. The goals where we need to influence others will be the most challenging. For example, changing our supply chain and driving some of the customer behaviors around energy efficiency.
Already, we say our products have helped to avoid 1.2 billion tonnes of carbon emissions. Now we have a goal to collaborate with our public cloud partners to achieve net-zero carbon emissions for operations by 2030. That may have the greatest amplification effect of all of our goals.
Q. Is there one goal that you really are passionate about?
A. Tech companies today are pariahs on people's personal information. Business models essentially probe deeper and deeper into our personal lives. We have a lack of good data protection capabilities and standards around the world. So this idea of trust in the cyber infrastructure is probably the one that is my deepest personal passion.
If we don't do a better job as a tech community, then the world should stop giving us responsibility for their most cherished information - financial information; the education of the children; the social networks they live on; healthcare data.
Every aspect of humanity is coming to us. We have a duty, if not a sovereign responsibility, to do a better job.
I also wrote a personal goal, many years ago, which says I want to work on a piece of technology that touches every human on the planet.
I hold a deep and strong Christian beliefs. My job is to improve the lives of as many humans on the planet as possible. Not all days are great, but every day is a great privilege to be in a position of leadership, where I get to marshal the energies of my 33,000 passionate employees and channel them.
We're now at a point where 60% of the world's population has a persistent connection to the internet. By 2030, that number is going to be 90%. I think we truly can make the world a better place for every human and every modality of life.
(Reporting by Lauren Young; Editing by Richard Chang)
((lauren.young@thomsonreuters.com; 646-223-6166; Reuters Messaging: lauren.young.thomsonreuters.com@reuters.net (Twitter @laurenyoung))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Dec. 10, the Palo Alto, California-based company unveiled its 2030 Agenda, a list of 30 environmental, social and governance (ESG) goals ranging from hiring one woman for every man, to procuring 100% of its power from renewable energy by the end of the decade. But VMware is one of the largest software brands on the planet and is deeply embedded in operations, data centers and management environments. At our soul, we've always held ESG-related topics closely - what we call our EPIC2 values: Execution, Passion, Integrity, Customer, Community.
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At our soul, we've always held ESG-related topics closely - what we call our EPIC2 values: Execution, Passion, Integrity, Customer, Community. It's who we hire, our diversity goals, proper representation of women, and making tech education available broadly. (Reporting by Lauren Young; Editing by Richard Chang) ((lauren.young@thomsonreuters.com; 646-223-6166; Reuters Messaging: lauren.young.thomsonreuters.com@reuters.net (Twitter @laurenyoung)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Dec. 10, the Palo Alto, California-based company unveiled its 2030 Agenda, a list of 30 environmental, social and governance (ESG) goals ranging from hiring one woman for every man, to procuring 100% of its power from renewable energy by the end of the decade. If we don't do a better job as a tech community, then the world should stop giving us responsibility for their most cherished information - financial information; the education of the children; the social networks they live on; healthcare data. I also wrote a personal goal, many years ago, which says I want to work on a piece of technology that touches every human on the planet.
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Is there one goal that you really are passionate about? If we don't do a better job as a tech community, then the world should stop giving us responsibility for their most cherished information - financial information; the education of the children; the social networks they live on; healthcare data. My job is to improve the lives of as many humans on the planet as possible.
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f5a740a3-ce95-41e2-9df7-d4ccd83a78f2
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726058.0
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2020-12-09 00:00:00 UTC
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Dell To Present At Barclays Global TMT Conference 2020; Webcast At 3:30 PM ET
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DELL
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https://www.nasdaq.com/articles/dell-to-present-at-barclays-global-tmt-conference-2020-webcast-at-3%3A30-pm-et-2020-12-09
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) will present at the Barclays Global TMT Conference 2020.
The event is scheduled to begin at 3:30 PM ET on December 9, 2020.
To access the live webcast, log on to http://investors.delltechnologies.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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(RTTNews) - Dell Inc. (DELL) will present at the Barclays Global TMT Conference 2020. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 3:30 PM ET on December 9, 2020.
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(RTTNews) - Dell Inc. (DELL) will present at the Barclays Global TMT Conference 2020. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 3:30 PM ET on December 9, 2020.
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(RTTNews) - Dell Inc. (DELL) will present at the Barclays Global TMT Conference 2020. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 3:30 PM ET on December 9, 2020.
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(RTTNews) - Dell Inc. (DELL) will present at the Barclays Global TMT Conference 2020. To access the live webcast, log on to http://investors.delltechnologies.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The event is scheduled to begin at 3:30 PM ET on December 9, 2020.
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41809c0a-4112-4286-b3a8-59a8992355e3
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726059.0
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2020-12-08 00:00:00 UTC
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Top Tech Stocks To Watch Before Friday? 3 For Your Watchlist
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DELL
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https://www.nasdaq.com/articles/top-tech-stocks-to-watch-before-friday-3-for-your-watchlist-2020-12-08
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nan
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nan
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Looking To Add More Tech Stocks To Your Watchlist? 3 To Consider
It has indeed been a great year for tech stocks in the stock market. The catalyst behind all this as we all know is the coronavirus pandemic. Tech has been facilitating the new norms we live in now. Top tech stocks like Zoom (ZM Stock Report) and Dell (DELL Stock Report) have had a phenomenal year. Why is this so? It is because they have managed to meet the needs of the general public who are stuck at home this year. As life still has to go on, Zoom has been the go-to choice for video communication while Dell has provided the relevant tools for working from home via its line of laptops.
As the distribution and inoculation of vaccines will take time, these essential tech companies could see their reigns extend well into 2021. Pfizer’s (PFE Stock Report) hopeful initial news about a vaccine rollout in the U.K. was subsequently quelled. This came after supply chain issues led to only half of the promised doses being delivered. Investors and companies alike are likely aware of these possible difficulties and realities faced in the fight against coronavirus moving forward. Therefore, it appears that the current tech tailwinds will not be ending soon. As a result, we could see some of the best tech stocks to buy kicking into high gear as they try to refine and adapt their business models to fit the ever-changing needs of consumers.
The more important question remains, with so many tech stocks in the stock market today, which ones should investors be watching? Here are 3 to consider as we move into 2021.
Read More
Should Investors Buy These Entertainment Stocks Ahead Of Warner Bros’ Streaming Plan?
Are These The Top Retail Stocks To Watch Going Into 2021? 1 Up By Over 150% YTD
Best Tech Stocks To Watch Right Now: Alphabet
First, we have tech giant Alphabet (GOOGL Stock Report). To recap, it is the fourth-largest U.S. company by market capitalization. Alphabet was established to streamline its core Google business, allowing greater autonomy to group companies that operate in businesses other than Internet services. As of January 2020, it became the fourth U.S. company to reach a $1 trillion market value.
The company’s share prices are up by an astounding 70% since its 52-week low in March. Its recent quarter fiscals released in October were green across the board as well. Alphabet reported a 14% rise in total revenue year-over-year. In addition to that, the company saw year-over-year jumps of 59% for net income and 62% for diluted earnings per share. With such an impressive performance, it is no wonder that investors are still flocking to GOOGL stock even in the face of its high value.
Recently, Google announced that it would be adding support for Apple’s (AAPL Stock Report) music streaming platform Apple Music to its smart speakers. This integration will encompass the Google Nest smart speaker product line along with other Google Assistant-enabled smart speakers and displays in the U.S., U.K., France, Germany, and Japan. Naturally, this grants Google smart speaker owners the option to play Apple Music songs, albums, and playlists by way of voice commands. This is a bold move by Google as it provides its line of smart speakers with a competitive edge over its rivals. It could see higher sales increase than Apple’s HomePod and Amazon’s (AMZN Stock Report) Echo. With all that in mind, do you have GOOGL stock in your core portfolio?
Best Tech Stocks To Watch Right Now: Pure Storage
Following that, we have Pure Storage (PSTG Stock Report). Pure Storage is a California-based tech company that develops all-flash data storage hardware and software. The company develops flash-based storage for data centers using consumer-grade solid-state drives. Generally, flash storage is faster than traditional disk storage. Despite being more expensive, it has become a quintessential aspect of digital acceleration which is something a plethora of companies are undergoing right now.
Notably, the company’s share prices are up by over 20% in the past month. In its recent quarter fiscal posted in November, the company actually reported a 4% drop in total revenue year-over-year. The bright spot was the rising subscription services revenue which saw an increase of 29% year-over-year. On top of that, the company also appears to be making key investments in other aspects of its business as well. First, the company released its Pure Service Catalog which added an array of new service tiers for clients. Second, the company acquired Portwox, which ultimately added up to a new comprehensive suite of data services for clients. Investors may be wondering if these investments could pay-off in the long run.
In addition, the company will also be collaborating with Amazon. This partnership will see Pure working with Amazon Web Services (AWS) Outposts in data centers. Outposts and Pure Storage are reported to be able to “unlock workloads in verticals”. This will help both companies address issues like data residency, local data processing, latency, and datacenter modernization. This integration of Pure’s products is huge for the company as it can gain exposure to the legion of clients who have shown interest in Outpost worldwide. All things considered, could PSTG stock be on track to soar in 2021? You tell me.
[Read More] Making A List Of The Best Software Stocks To Buy Now? 3 Names To Watch
Best Tech Stocks To Watch Right Now: Palantir Technologies
Palantir (PLTR Stock Report) is a big data analytics tech company. Palantir is famous for its Gotham, Metropolis, and Foundry offerings. Gotham focuses on U.S. counterterrorism, and Metropolis is used by banks and financial service firms. Foundry is used by corporate clients such as Morgan Stanley (MS Stock Report) and Fiat Chrysler Automobiles (FCAU Stock Report). Seasoned investors appear to have their eyes on Palantir over the last few weeks.
In its recent quarter fiscal posted in November, the company reported a 51% jump in total revenue year-over-year. Palantir has boldly raised its full-year 2020 revenue guidance to over $1.07 billion which translates to a 44% year-over-year increase. The company appears to be confident with its performance thus far. Rightfully so, as Palantir closed a plethora of deals with new and existing customers including a $300 million aerospace deal. The company’s share prices have nearly doubled in the past month. Investors may be wondering what it is up to with all this hype.
Most recently, Palantir won a $44.4 million contract from the U.S. Food and Drug Administration (FDA). Crucially, the three-year contract involves Palantir offering data and analytics services to the FDA’s Center for Drug Evaluation and Research (CDER) to speed its review of potential new medicines. This is one of the many ongoing contracts that the company has with the U.S government. Furthermore, Palantir will also provide services to the FDA’s Oncology Center of Excellence, which helps with the development and review of cancer products. All things considered, this is an exciting time for the company. Impressive as this is, do you think it can propel PLTR stock as we move into 2021?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top tech stocks like Zoom (ZM Stock Report) and Dell (DELL Stock Report) have had a phenomenal year. As life still has to go on, Zoom has been the go-to choice for video communication while Dell has provided the relevant tools for working from home via its line of laptops. As a result, we could see some of the best tech stocks to buy kicking into high gear as they try to refine and adapt their business models to fit the ever-changing needs of consumers.
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Top tech stocks like Zoom (ZM Stock Report) and Dell (DELL Stock Report) have had a phenomenal year. As life still has to go on, Zoom has been the go-to choice for video communication while Dell has provided the relevant tools for working from home via its line of laptops. 3 Names To Watch Best Tech Stocks To Watch Right Now: Palantir Technologies Palantir (PLTR Stock Report) is a big data analytics tech company.
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Top tech stocks like Zoom (ZM Stock Report) and Dell (DELL Stock Report) have had a phenomenal year. As life still has to go on, Zoom has been the go-to choice for video communication while Dell has provided the relevant tools for working from home via its line of laptops. Best Tech Stocks To Watch Right Now: Pure Storage Following that, we have Pure Storage (PSTG Stock Report).
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Top tech stocks like Zoom (ZM Stock Report) and Dell (DELL Stock Report) have had a phenomenal year. As life still has to go on, Zoom has been the go-to choice for video communication while Dell has provided the relevant tools for working from home via its line of laptops. Best Tech Stocks To Watch Right Now: Pure Storage Following that, we have Pure Storage (PSTG Stock Report).
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88f9e2df-0290-4545-8e63-07faafbbde5f
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726060.0
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2020-12-07 00:00:00 UTC
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Notable Monday Option Activity: MLHR, DELL, RGR
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DELL
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-mlhr-dell-rgr-2020-12-07
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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 Miller (Herman) Inc (Symbol: MLHR), where a total volume of 2,724 contracts has been traded thus far today, a contract volume which is representative of approximately 272,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.1% of MLHR's average daily trading volume over the past month, of 431,855 shares. Particularly high volume was seen for the $45 strike call option expiring November 19, 2021, with 1,250 contracts trading so far today, representing approximately 125,000 underlying shares of MLHR. Below is a chart showing MLHR's trailing twelve month trading history, with the $45 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) saw options trading volume of 11,677 contracts, representing approximately 1.2 million underlying shares or approximately 60.6% of DELL's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $67.50 strike put option expiring December 18, 2020, with 5,310 contracts trading so far today, representing approximately 531,000 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
And Sturm, Ruger & Co., Inc. (Symbol: RGR) options are showing a volume of 2,187 contracts thus far today. That number of contracts represents approximately 218,700 underlying shares, working out to a sizeable 59.3% of RGR's average daily trading volume over the past month, of 368,965 shares. Particularly high volume was seen for the $67.50 strike put option expiring January 15, 2021, with 263 contracts trading so far today, representing approximately 26,300 underlying shares of RGR. Below is a chart showing RGR's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
For the various different available expirations for MLHR options, DELL options, or RGR 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 $67.50 strike put option expiring December 18, 2020, with 5,310 contracts trading so far today, representing approximately 531,000 underlying shares of DELL. Below is a chart showing MLHR's trailing twelve month trading history, with the $45 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 11,677 contracts, representing approximately 1.2 million underlying shares or approximately 60.6% 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 $67.50 strike highlighted in orange: And Sturm, Ruger & Co., Inc. (Symbol: RGR) options are showing a volume of 2,187 contracts thus far today.
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Below is a chart showing MLHR's trailing twelve month trading history, with the $45 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 11,677 contracts, representing approximately 1.2 million underlying shares or approximately 60.6% 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 $67.50 strike highlighted in orange: And Sturm, Ruger & Co., Inc. (Symbol: RGR) options are showing a volume of 2,187 contracts thus far today. Below is a chart showing RGR's trailing twelve month trading history, with the $67.50 strike highlighted in orange: For the various different available expirations for MLHR options, DELL options, or RGR options, visit StockOptionsChannel.com.
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Below is a chart showing MLHR's trailing twelve month trading history, with the $45 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 11,677 contracts, representing approximately 1.2 million underlying shares or approximately 60.6% of DELL's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $67.50 strike put option expiring December 18, 2020, with 5,310 contracts trading so far today, representing approximately 531,000 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $67.50 strike highlighted in orange: And Sturm, Ruger & Co., Inc. (Symbol: RGR) options are showing a volume of 2,187 contracts thus far today.
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Below is a chart showing MLHR's trailing twelve month trading history, with the $45 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) saw options trading volume of 11,677 contracts, representing approximately 1.2 million underlying shares or approximately 60.6% of DELL's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing RGR's trailing twelve month trading history, with the $67.50 strike highlighted in orange: For the various different available expirations for MLHR options, DELL options, or RGR options, visit StockOptionsChannel.com. Especially high volume was seen for the $67.50 strike put option expiring December 18, 2020, with 5,310 contracts trading so far today, representing approximately 531,000 underlying shares of DELL.
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d7f5fe50-0da2-4feb-85bc-550768e5c5c1
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726061.0
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2020-12-07 00:00:00 UTC
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U.S. National Security Agency warns of Russian hacking against VMware products
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DELL
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https://www.nasdaq.com/articles/u.s.-national-security-agency-warns-of-russian-hacking-against-vmware-products-2020-12-07
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nan
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nan
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By Christopher Bing
Dec 7 (Reuters) - A new cybersecurity alert from the U.S. National Security Agency warns that Russian "state-sponsored" hackers are actively exploiting a software vulnerability in multiple products made by cloud computing company VMware Inc VMW.N.
The NSA said organizations should apply "as soon as possible" a software patch provided by the company on Saturday.
If successfully exploited, the vulnerability would allow a hacker to execute operating system commands remotely on the infected device, allowing for the theft or corruption of data, according to the NSA alert.
A separate cybersecurity alert by VMware states that the hackers would first need to gain access to a user's account through a stolen password to fully take advantage of the vulnerability.
The Russian government has consistently denied any involvement in malicious cyber activity.
This is not the first time the NSA has warned of foreign state-sponsored hacking through a public technical report. The spy agency has been releasing a series of similar reports, detailing hacks by China as well, since the launch of its own internal cyber defense unit in 2019, known as the NSA Cybersecurity Directorate.
(Reporting by Christopher Bing in Washington Editing by Matthew Lewis)
((Christopher.Bing@thomsonreuters.com; +1 202-510-0174;))
The views and 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 Christopher Bing Dec 7 (Reuters) - A new cybersecurity alert from the U.S. National Security Agency warns that Russian "state-sponsored" hackers are actively exploiting a software vulnerability in multiple products made by cloud computing company VMware Inc VMW.N. A separate cybersecurity alert by VMware states that the hackers would first need to gain access to a user's account through a stolen password to fully take advantage of the vulnerability. The spy agency has been releasing a series of similar reports, detailing hacks by China as well, since the launch of its own internal cyber defense unit in 2019, known as the NSA Cybersecurity Directorate.
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By Christopher Bing Dec 7 (Reuters) - A new cybersecurity alert from the U.S. National Security Agency warns that Russian "state-sponsored" hackers are actively exploiting a software vulnerability in multiple products made by cloud computing company VMware Inc VMW.N. This is not the first time the NSA has warned of foreign state-sponsored hacking through a public technical report. (Reporting by Christopher Bing in Washington Editing by Matthew Lewis) ((Christopher.Bing@thomsonreuters.com; +1 202-510-0174;)) The views and 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 Christopher Bing Dec 7 (Reuters) - A new cybersecurity alert from the U.S. National Security Agency warns that Russian "state-sponsored" hackers are actively exploiting a software vulnerability in multiple products made by cloud computing company VMware Inc VMW.N. If successfully exploited, the vulnerability would allow a hacker to execute operating system commands remotely on the infected device, allowing for the theft or corruption of data, according to the NSA alert. The spy agency has been releasing a series of similar reports, detailing hacks by China as well, since the launch of its own internal cyber defense unit in 2019, known as the NSA Cybersecurity Directorate.
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By Christopher Bing Dec 7 (Reuters) - A new cybersecurity alert from the U.S. National Security Agency warns that Russian "state-sponsored" hackers are actively exploiting a software vulnerability in multiple products made by cloud computing company VMware Inc VMW.N. If successfully exploited, the vulnerability would allow a hacker to execute operating system commands remotely on the infected device, allowing for the theft or corruption of data, according to the NSA alert. The Russian government has consistently denied any involvement in malicious cyber activity.
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785fd286-79d4-4ef0-8839-0b0829fd21fb
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726062.0
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2020-12-05 00:00:00 UTC
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Sony to shut a Malaysia factory, consolidate facilities
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DELL
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https://www.nasdaq.com/articles/sony-to-shut-a-malaysia-factory-consolidate-facilities-2020-12-05
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nan
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nan
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By Liz Lee
KUALA LUMPUR, Dec 5 (Reuters) - Sony Corp 6758.T will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday.
The company told Reuters in an email to Reuters that it always takes into account market conditions, business growth potential and other factors, as part of a continuous review of its investments and business operations.
"As part of this review, Sony will consolidate its manufacturing operations by transferring its operations in Penang to Selangor, to further enhance operational efficiency," said Penang-based Human Resources Division head Ric Ong.
Operations at the plant will end by Sept. 30 and it will shut by the end of March 2022, affecting about 3,600 employees in Penang.
Some of the Penang employees will be transferred to the other plant, Penang's trade chairman Abdul Halim Hussain told local news portal FMT on Thursday.
Penang in northern Peninsular Malaysia has for decades been a manufacturing hub to many foreign electrical and electronics brands, including Intel Corp INTC.O, Panasonic Corp 6752.T and Dell Technologies Inc. DELL.N
Sony began operations in Malaysia in October 1973, marketing, selling and servicing consumer electronics products, as well as broadcast and professional products and solutions, its website said.
The Penang plant mainly produces home audio, network Walkman, headphones and battery products, while the Selangor plant near the capital Kuala Lumpur manufactures LCD TV, Blu-ray Player and other key components.
(Reporting by Liz Lee; Editing by William Mallard)
((liz.lee@thomsonreuters.com; Desk: +60323338039; Twitter: @livinglizly;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Penang in northern Peninsular Malaysia has for decades been a manufacturing hub to many foreign electrical and electronics brands, including Intel Corp INTC.O, Panasonic Corp 6752.T and Dell Technologies Inc. DELL.N Sony began operations in Malaysia in October 1973, marketing, selling and servicing consumer electronics products, as well as broadcast and professional products and solutions, its website said. By Liz Lee KUALA LUMPUR, Dec 5 (Reuters) - Sony Corp 6758.T will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. The Penang plant mainly produces home audio, network Walkman, headphones and battery products, while the Selangor plant near the capital Kuala Lumpur manufactures LCD TV, Blu-ray Player and other key components.
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Penang in northern Peninsular Malaysia has for decades been a manufacturing hub to many foreign electrical and electronics brands, including Intel Corp INTC.O, Panasonic Corp 6752.T and Dell Technologies Inc. DELL.N Sony began operations in Malaysia in October 1973, marketing, selling and servicing consumer electronics products, as well as broadcast and professional products and solutions, its website said. By Liz Lee KUALA LUMPUR, Dec 5 (Reuters) - Sony Corp 6758.T will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. "As part of this review, Sony will consolidate its manufacturing operations by transferring its operations in Penang to Selangor, to further enhance operational efficiency," said Penang-based Human Resources Division head Ric Ong.
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Penang in northern Peninsular Malaysia has for decades been a manufacturing hub to many foreign electrical and electronics brands, including Intel Corp INTC.O, Panasonic Corp 6752.T and Dell Technologies Inc. DELL.N Sony began operations in Malaysia in October 1973, marketing, selling and servicing consumer electronics products, as well as broadcast and professional products and solutions, its website said. By Liz Lee KUALA LUMPUR, Dec 5 (Reuters) - Sony Corp 6758.T will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. "As part of this review, Sony will consolidate its manufacturing operations by transferring its operations in Penang to Selangor, to further enhance operational efficiency," said Penang-based Human Resources Division head Ric Ong.
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Penang in northern Peninsular Malaysia has for decades been a manufacturing hub to many foreign electrical and electronics brands, including Intel Corp INTC.O, Panasonic Corp 6752.T and Dell Technologies Inc. DELL.N Sony began operations in Malaysia in October 1973, marketing, selling and servicing consumer electronics products, as well as broadcast and professional products and solutions, its website said. By Liz Lee KUALA LUMPUR, Dec 5 (Reuters) - Sony Corp 6758.T will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. The company told Reuters in an email to Reuters that it always takes into account market conditions, business growth potential and other factors, as part of a continuous review of its investments and business operations.
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bf60accc-a474-4844-83c8-39a61fff8ce5
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726063.0
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2020-12-03 00:00:00 UTC
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June 2022 Options Now Available For Dell Technologies
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DELL
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https://www.nasdaq.com/articles/june-2022-options-now-available-for-dell-technologies-2020-12-03
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nan
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nan
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Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 561 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $70.00 strike price has a current bid of $9.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $61.00 (before broker commissions). To an investor already interested in purchasing shares of DELL, that could represent an attractive alternative to paying $71.08/share today.
Because the $70.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. 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 12.86% return on the cash commitment, or 8.37% 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 $70.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of $8.50. If an investor was to purchase shares of DELL stock at the current price level of $71.08/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $75.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 17.47% if the stock gets called away at the June 2022 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 $75.00 strike highlighted in red:
Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 11.96% boost of extra return to the investor, or 7.78% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $71.08) to be 51%. 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 $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2022 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 $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2022 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 $70.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of $8.50. Below is a chart showing DELL's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2022 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DELL options chain for the new June 2022 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 $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Dell Technologies Inc (Symbol: DELL) saw new options become available today, for the June 2022 expiration.
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04580539-f814-44f3-b7ad-7eec7efcfebf
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726064.0
|
2020-12-02 00:00:00 UTC
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Why NetApp Shares Jumped on Wednesday Morning
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DELL
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https://www.nasdaq.com/articles/why-netapp-shares-jumped-on-wednesday-morning-2020-12-02
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nan
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nan
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What happened
Shares of data management expert NetApp (NASDAQ: NTAP) surged as much as 10.5% higher on Wednesday morning, following a strong second-quarter earnings report.
So what
In the second quarter of fiscal year 2021, NetApp's sales rose 4% year over year to $1.42 billion. Adjusted earnings fell 4% to $1.05 per diluted share. Your average Wall Street analyst would have settled for earnings of roughly $0.73 per share on revenue near $1.32 billion. The results also exceeded NetApp's guidance targets across the board.
"We saw strength in all geographies with larger customers accelerating their digital transformations with NetApp," CEO George Kurian said on the earnings call. "Our competitors have real challenges in executing their product transitions that we are taking advantage of."
Image source: Getty Images.
Now what
Kurian called out storage technology rivals Pure Storage, Dell, and Hewlett Packard Enterprise by name, arguing that his company is stealing market share from all of these companies. Pure Storage has indeed been struggling to deliver growth in 2020 and HP's fourth-quarter results were flattish. Dell's sprawling product portfolio made up for weak storage sales with solid growth in business-grade laptop sales. In other words, the proof is in the pudding: NetApp really is winning market share in this unique business environment.
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Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now what Kurian called out storage technology rivals Pure Storage, Dell, and Hewlett Packard Enterprise by name, arguing that his company is stealing market share from all of these companies. Dell's sprawling product portfolio made up for weak storage sales with solid growth in business-grade laptop sales. What happened Shares of data management expert NetApp (NASDAQ: NTAP) surged as much as 10.5% higher on Wednesday morning, following a strong second-quarter earnings report.
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Now what Kurian called out storage technology rivals Pure Storage, Dell, and Hewlett Packard Enterprise by name, arguing that his company is stealing market share from all of these companies. Dell's sprawling product portfolio made up for weak storage sales with solid growth in business-grade laptop sales. So what In the second quarter of fiscal year 2021, NetApp's sales rose 4% year over year to $1.42 billion.
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Now what Kurian called out storage technology rivals Pure Storage, Dell, and Hewlett Packard Enterprise by name, arguing that his company is stealing market share from all of these companies. Dell's sprawling product portfolio made up for weak storage sales with solid growth in business-grade laptop sales. 10 stocks we like better than NetApp When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Now what Kurian called out storage technology rivals Pure Storage, Dell, and Hewlett Packard Enterprise by name, arguing that his company is stealing market share from all of these companies. Dell's sprawling product portfolio made up for weak storage sales with solid growth in business-grade laptop sales. Pure Storage has indeed been struggling to deliver growth in 2020 and HP's fourth-quarter results were flattish.
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effd8396-8153-465d-9e65-b19b7043184e
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726065.0
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2020-12-01 00:00:00 UTC
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What Are The Best Tech Stocks To Watch In December? 3 Names To Know
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DELL
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https://www.nasdaq.com/articles/what-are-the-best-tech-stocks-to-watch-in-december-3-names-to-know-2020-12-01
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nan
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nan
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3 Top Tech Stocks To Consider In December
To say that tech stocks have been flourishing this year is an understatement. Understandably, the coronavirus pandemic contributed to top tech stocks’ growth in the stock market so far. Tech companies such as Amazon (AMZN Stock Report) and Netflix (NFLX Stock Report) are flying high as their share prices are up by over 50% year-to-date. In light of this, tech stocks have been in the scopes of both new and seasoned investors. How have some of the best tech stocks remained so seemingly sturdy, you might ask?
For one thing, people need technology regardless of where they may be. The fact remains that there will always be a demand for technology even after the coronavirus pandemic ends. For this reason, long-term viability could be why investors are still flocking to tech stocks even now. To illustrate, we only need to look at how the tech stocks have bounced back after Pfizer’s (PFE Stock Report) initial vaccine announcement back in early November. Apple (AAPL Stock Report) and Google (GOOGL Stock Report) both went up by over 8% in the past month. Apparently, investors are aware of the logistical concerns with vaccinating the entire population. With projections of it taking months if not years to accomplish, it does not appear that the hottest tech stocks will slow down anytime soon.
All things considered, tech stocks of all kinds will likely continue to benefit from the current state of the world. More importantly, the world may remain in this state for longer than most people think. In general, the term ‘tech stock’ encompasses a wide range of companies in the industry. This could range from those involved in home entertainment, digital acceleration, electronic hardware, and even software-as-a-service. With all these options on the stock market today, which ones should investors look at? Here are three to consider.
Read More
3 Top Cryptocurrency Stocks To Watch As Bitcoin Price Surges
Looking For The Top Marijuana Stocks To Buy In December 2020? 3 Names To Watch
Best Tech Stocks To Watch This Week: Roku Inc.
Right off the bat, we have Roku (ROKU Stock Report). Any tech stock list would be incomplete without this tech giant of 2020. The California-based tech company manufactures digital media players for video streaming. On top of that, it also has an advertising business along with hardware and software that are licensed to other companies. Roku’s share prices have climbed over 40% in November alone. Why is this so?
In terms of financials, the company is doing exceptionally well according to its recent quarter fiscal released in November. Its total net revenue is up by a massive 73% year-over-year. To elaborate, this could be due to a 78% increase in platform revenue at the same time. Furthermore, Roku reported 2.9 million incremental active accounts in the quarter which adds up to a total of 46 million regular users. All these users streamed a combined 14.8 billion hours’ worth of content. Understandably, as customers had more time to watch their favorite shows, the average revenue per user grew to $27. This reflects a 20% year-over-year increase. What could Roku possibly do to keep this momentum going into 2021?
The answer to that lies in the holiday season. At the moment, the company appears to be making massive plays for Cyber Monday. Roku offered discounts of up to 40% across its line of smart TV streaming devices. Because the deals were available on Amazon, Roku likely attracted a multitude of new clients. With the Christmas season looming around the corner, this could just be the start of busy times for Roku. Given these points, can ROKU stock continue to flourish?
Best Tech Stocks To Watch This Week: Marvell Technology Group
Next up, we have Marvell (MRVL Stock Report). Marvell is undisputedly having its best year so far. The semiconductor company’s share prices are up by over 160% since the stock market crash in March. The company’s main product lines consist of System-on-a-Chip (SoC) and 5G infrastructure processors. It boasts a massive portfolio working with some of the biggest names in tech. Notably, its products are used by Microsoft (MSFT Stock Report), Google, and Ericsson (ERIC Stock Report).
In fact, the company’s share prices have increased by about 25% in the past month. Its second-quarter fiscal posted in August showed positive results as well. Marvell reported a 10% rise in revenue year-over-year with a 44% increase in cash on hand at the same time. The company is slated to release its most recent quarter fiscal on December 3. In light of its current track record, investors are likely looking forward to itsearnings callwhile some appear to be anticipating good results. This would explain the recent increase in the movement of MRVL stock.
In late October, Marvell announced a $10 billion acquisition of the Inphi Corporation (IPHI Stock Report). Through this acquisition, Marvell is likely looking to expand its dominance in networking which is Inphi’s forte. Furthermore, Marvell has also mentioned plans to reinforce its cloud datacenter and 5G portfolio by acquiring Inphi. This is a smart play by the company as it is expanding its repertoire just like its other competitors in the chip industry. Namely, the move mirrors a similar play by AMD (AMD Stock Report) who acquired Xilinx (XLNX Stock Report). Investors are likely considering if it is enough to keep Marvell ahead of the curve. Given all of this, would you consider adding MRVL stock to your watchlist?
[Read More] Are These The Top Cloud Stocks To Buy in December? 2 Reporting Earnings Today
Best Tech Stocks To Watch This Week: Dell Technologies Inc.
Last but not least, we have Dell (DELL Stock Report). The Texas-based tech company is famous for its line of personal computers. Additionally, it also has a rich portfolio consisting of products and services related to servers, smartphones, software, and network security. The company’s share price has increased by 41% over the past six months. Surely, the rise in demand for personal computers caused by the pandemic is to thank for this incredible gain. How has this translated in terms of Dell’s financials?
Chiefly, its most recent quarter fiscal released in late November shows positive results. The company reported a 66% year-over-year increase in net income and a 63% increase in diluted earnings per share in the same period. All in all, this added up to a 2% increase in revenue year-over-year. In spite of the coronavirus pandemic causing the closure of brick-and-mortar stores, this is a considerable win for Dell. Investors are likely wondering if Dell will be bringing anything else to the table. Could it be looking to soar to greater heights in 2021?
Dell has just announced its plans to further enhance its cyber protection and security solutions. By all means, this is a great move by the company. The reason being that data is one of the most important assets for companies that are undergoing digital acceleration. Cyberattacks in these unprecedented times could make or break said companies. Obviously, Dell is bolstering this aspect of its business model to fit the shifting needs of its clients. In turn, this could bring returns to the company as it would continue to provide vital services with exceptional quality. With all this said, should you be watching DELL stock?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2 Reporting Earnings Today Best Tech Stocks To Watch This Week: Dell Technologies Inc. Last but not least, we have Dell (DELL Stock Report). How has this translated in terms of Dell’s financials? In spite of the coronavirus pandemic causing the closure of brick-and-mortar stores, this is a considerable win for Dell.
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2 Reporting Earnings Today Best Tech Stocks To Watch This Week: Dell Technologies Inc. Last but not least, we have Dell (DELL Stock Report). How has this translated in terms of Dell’s financials? In spite of the coronavirus pandemic causing the closure of brick-and-mortar stores, this is a considerable win for Dell.
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2 Reporting Earnings Today Best Tech Stocks To Watch This Week: Dell Technologies Inc. Last but not least, we have Dell (DELL Stock Report). How has this translated in terms of Dell’s financials? In spite of the coronavirus pandemic causing the closure of brick-and-mortar stores, this is a considerable win for Dell.
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2 Reporting Earnings Today Best Tech Stocks To Watch This Week: Dell Technologies Inc. Last but not least, we have Dell (DELL Stock Report). How has this translated in terms of Dell’s financials? In spite of the coronavirus pandemic causing the closure of brick-and-mortar stores, this is a considerable win for Dell.
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0d485285-ec41-437a-9b98-827be4802c28
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726066.0
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2020-11-24 00:00:00 UTC
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Dell Inc. Q3 adjusted earnings Beat Estimates
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DELL
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https://www.nasdaq.com/articles/dell-inc.-q3-adjusted-earnings-beat-estimates-2020-11-24
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) announced a profit for its third quarter that rose from the same period last year.
The company's profit totaled $832 million, or $1.08 per share. This compares with $499 million, or $0.66 per share, in last year's third quarter.
Excluding items, Dell Inc. reported adjusted earnings of $1.71 billion or $2.03 per share for the period.
Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.8% to $23.48 billion from $22.84 billion last year.
Dell Inc. earnings at a glance:
-Earnings (Q3): $1.71 Bln. vs. $1.45 Bln. last year. -EPS (Q3): $2.03 vs. $1.75 last year. -Analysts Estimate: $1.40 -Revenue (Q3): $23.48 Bln vs. $22.84 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 $1.71 billion or $2.03 per share for the period. (RTTNews) - Dell Inc. (DELL) announced a profit for its third quarter that rose from the same period last year. Dell Inc. earnings at a glance: -Earnings (Q3): $1.71 Bln.
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Excluding items, Dell Inc. reported adjusted earnings of $1.71 billion or $2.03 per share for the period. (RTTNews) - Dell Inc. (DELL) announced a profit for its third quarter that rose from the same period last year. Dell Inc. earnings at a glance: -Earnings (Q3): $1.71 Bln.
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(RTTNews) - Dell Inc. (DELL) announced a profit for its third quarter that rose from the same period last year. Excluding items, Dell Inc. reported adjusted earnings of $1.71 billion or $2.03 per share for the period. Dell Inc. earnings at a glance: -Earnings (Q3): $1.71 Bln.
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(RTTNews) - Dell Inc. (DELL) announced a profit for its third quarter that rose from the same period last year. Dell Inc. earnings at a glance: -Earnings (Q3): $1.71 Bln. Excluding items, Dell Inc. reported adjusted earnings of $1.71 billion or $2.03 per share for the period.
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11f14c35-80c9-4447-bea9-78be9dbbf195
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726067.0
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2020-11-24 00:00:00 UTC
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Dell posts surprise revenue rise on booming demand for remote-work tools
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DELL
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https://www.nasdaq.com/articles/dell-posts-surprise-revenue-rise-on-booming-demand-for-remote-work-tools-2020-11-24-0
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nan
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nan
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Adds comment from presentation, shares, profit
Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic.
The PC maker's shares were last up marginally in volatile after-market trading, as adjusted earnings matched Wall Street expectation of $2.03 per share.
Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to an earnings presentation, helping its client solutions group rake in a record $12.29 billion in revenue, up about 8% from a year earlier.
Global shipments in the traditional PC market, which includes desktops, notebooks, and workstations, jumped 14.6% year-over-year to 81.3 million units in the third quarter of 2020, according to data from IDC.
While the health crisis lifted demand for Dell's remote workstation products, the company's data center business remained under pressure.
Revenue from its data center business fell about 4% to $8.02 billion in the quarter.
Sales at VMware Inc VMW.N rose about 8% to $2.89 billion. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
Total revenue rose nearly 3% to $23.48 billion in the three months ended Oct. 30, while analysts had estimated a drop of 4.4% to $21.85 billion, according to IBES data from Refinitiv.
Net income attributable to the company rose to $832 million, from $499 million a year earlier.
(Reporting by Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila)
((Ayanti.Bera@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds comment from presentation, shares, profit Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to an earnings presentation, helping its client solutions group rake in a record $12.29 billion in revenue, up about 8% from a year earlier. While the health crisis lifted demand for Dell's remote workstation products, the company's data center business remained under pressure.
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While the health crisis lifted demand for Dell's remote workstation products, the company's data center business remained under pressure. Adds comment from presentation, shares, profit Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to an earnings presentation, helping its client solutions group rake in a record $12.29 billion in revenue, up about 8% from a year earlier.
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Adds comment from presentation, shares, profit Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to an earnings presentation, helping its client solutions group rake in a record $12.29 billion in revenue, up about 8% from a year earlier. While the health crisis lifted demand for Dell's remote workstation products, the company's data center business remained under pressure.
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While the health crisis lifted demand for Dell's remote workstation products, the company's data center business remained under pressure. Adds comment from presentation, shares, profit Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to an earnings presentation, helping its client solutions group rake in a record $12.29 billion in revenue, up about 8% from a year earlier.
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fc8a030b-c34b-4da0-ae5b-678bbcd1a31b
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726068.0
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2020-11-24 00:00:00 UTC
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Dell Technologies Q3 Results Beat Wall Street View
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DELL
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https://www.nasdaq.com/articles/dell-technologies-q3-results-beat-wall-street-view-2020-11-24
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nan
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nan
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(RTTNews) - Dell Technologies (DELL) Tuesday reported an increase in profit for its third quarter as revenues grew 3% driven largely by higher demand for desktops and notebooks as several people worked remotely during the COVID-19 pandemic. Both earnings and revenues for the quarter trumped Wall Street analysts' estimates.
Round Rock, Texas-based Dell's third-quarter profit rose to $832 million or $1.08 per share, up from $499 million or $0.66 per share last year.
Adjusted earnings were $1.71 billion or $2.03 per share for the period. Analysts polled by Thomson Reuters estimated earnings of $1.40 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter rose 2.8% to $23.48 billion from $22.84 billion last year. Analysts had a consensus revenue estimate of $21.85 billion.
"Technology has never been more important, and as the world evolves, so does our business," said Jeff Clarke, vice chairman and chief operating officer. "We met unprecedented demand for remote work and learn solutions this quarter while increasing revenue to $23.5 billion. At the same time, we accelerated our as-a-Service strategy and hybrid cloud capabilities at the edge - positioning us to win in these growing markets and making it easy for customers to manage data and workloads across all their operations."
Client Solutions Group revenues grew to 8% to a record $12.3 billion, with consumer revenue up 14% and commercial client revenue up 5%.
DELL closed Tuesday's trading at $70.33, up $0.95 or 1.37%, on the Nasdaq. The stock further gained $0.27 or 0.38% in the after-hours trade.
The views and 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) Tuesday reported an increase in profit for its third quarter as revenues grew 3% driven largely by higher demand for desktops and notebooks as several people worked remotely during the COVID-19 pandemic. Round Rock, Texas-based Dell's third-quarter profit rose to $832 million or $1.08 per share, up from $499 million or $0.66 per share last year. DELL closed Tuesday's trading at $70.33, up $0.95 or 1.37%, on the Nasdaq.
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(RTTNews) - Dell Technologies (DELL) Tuesday reported an increase in profit for its third quarter as revenues grew 3% driven largely by higher demand for desktops and notebooks as several people worked remotely during the COVID-19 pandemic. Round Rock, Texas-based Dell's third-quarter profit rose to $832 million or $1.08 per share, up from $499 million or $0.66 per share last year. DELL closed Tuesday's trading at $70.33, up $0.95 or 1.37%, on the Nasdaq.
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(RTTNews) - Dell Technologies (DELL) Tuesday reported an increase in profit for its third quarter as revenues grew 3% driven largely by higher demand for desktops and notebooks as several people worked remotely during the COVID-19 pandemic. Round Rock, Texas-based Dell's third-quarter profit rose to $832 million or $1.08 per share, up from $499 million or $0.66 per share last year. DELL closed Tuesday's trading at $70.33, up $0.95 or 1.37%, on the Nasdaq.
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(RTTNews) - Dell Technologies (DELL) Tuesday reported an increase in profit for its third quarter as revenues grew 3% driven largely by higher demand for desktops and notebooks as several people worked remotely during the COVID-19 pandemic. Round Rock, Texas-based Dell's third-quarter profit rose to $832 million or $1.08 per share, up from $499 million or $0.66 per share last year. DELL closed Tuesday's trading at $70.33, up $0.95 or 1.37%, on the Nasdaq.
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408072d9-1fd7-41a0-ada7-30c543e3037c
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726069.0
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2020-11-24 00:00:00 UTC
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Dell (DELL) 3rd Quarter Earnings: What to Expect
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DELL
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https://www.nasdaq.com/articles/dell-dell-3rd-quarter-earnings%3A-what-to-expect-2020-11-24
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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 2020 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see whether Dell can duplicate the better-than-expected results delivered from rival Lenovo (LNVGY).
With expertise in premium offerings, particularly with its software and services, Dell has also taken on a 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. In that vein, Lenovo, the world's largest PC maker, just reported results that included a 53% surge in profits, while revenue rose 7% year over year.
What’s more, Lenovo expects the total PC market to grow close to 300 million units in 2020, which is about 25 million above consensus estimates. These growth trends bode well for Dell, which has seen its stock fall about 1.5% over the past thirty days. It would seem, as the markets has taken a wait-and-see attitude towards these efforts, Dell offers an attractive risk-reward trade, particularly given its consistent revenue growth in 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.
For the three months that ended October, Wall Street expects the Round Rock, TX.-based company to earn $1.41 per share on revenue of $21.88 billion. This compares to the year-ago quarter when earnings came to $1.75 per share on revenue of $22.84 billion. For the full year, ending in January, earnings are projected to decline 13% year over year to $6.36 per share, while full-year revenue of $89.79 billion would decline 3% 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 declined 2.8% to $22.8 billion, beating consensus by $300 million. The revenue gain was driven by better-than-expected demand in the government sector and in education, with orders rising 16% and 24%, respectively. The pandemic-induced work-from-home and learn-from-home was a key catalyst in the surge for PCs and other hardware that enable virtual learning.
In the company’s Infrastructure Solutions Group, which houses its servers and network devices business, revenue rose to $8.2 billion, above consensus of $7.71 billion. Of that total, the storage business accounted for $4 billion in revenue, while servers and networking delivered $4.2 billion. The Client Solutions Group revenue, however, missed estimates with $11.2 billion, below the $11.52 billion analysts were looking for. This was offset by 18% surge in the Consumer segment. Can the company sustain these positive growth trends?
As noted, Dell has shifted its focus more towards the cloud, and the company’s Q3 performance in that segment will be closely-watched, particularly as cloud IT infrastructure revenue have risen amid the remote-work environment. Elsewhere, the PC market is the strongest it has been in a decade with third-quarter PC shipments rising some 15% to 81.3 million units, according to IDC. On Tuesday investors will want to see how much of that growth Dell has captured and whether Dell can finally assert its leadership position in the cloud.
The views and 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 other noteworthy metrics, the market will be eager to see whether Dell can duplicate the better-than-expected results delivered from rival Lenovo (LNVGY). 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 2020 results after Tuesday’s closing bell.
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C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2020 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see whether Dell can duplicate the better-than-expected results delivered from rival Lenovo (LNVGY). With expertise in premium offerings, particularly with its software and services, Dell has also taken on a 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 2020 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see whether Dell can duplicate the better-than-expected results delivered from rival Lenovo (LNVGY). With expertise in premium offerings, particularly with its software and services, Dell has also taken on a strategic shift to grow its capabilities in the realm of edge computing, cloud services, artificial intelligence, among other high-growth end markets.
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As noted, Dell has shifted its focus more towards the cloud, and the company’s Q3 performance in that segment will be closely-watched, particularly as cloud IT infrastructure revenue have risen amid the remote-work environment. C and data-storage giant Dell Technologies (DELL) is set to release third quarter fiscal 2020 results after Tuesday’s closing bell. Among other noteworthy metrics, the market will be eager to see whether Dell can duplicate the better-than-expected results delivered from rival Lenovo (LNVGY).
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8e5d3ee8-ff0c-4cf2-b08e-2d5458e5af8f
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726070.0
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2020-11-24 00:00:00 UTC
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Dell Q3 21 Earnings Conference Call At 5:30 PM ET
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DELL
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https://www.nasdaq.com/articles/dell-q3-21-earnings-conference-call-at-5%3A30-pm-et-2020-11-24
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nan
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nan
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(RTTNews) - Dell Inc. (DELL) will host a conference call at 5:30 PM ET on November 24, 2020, to discuss Q3 21 earnings results.
To access the live webcast, log on to http://investors.delltechnologies.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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(RTTNews) - Dell Inc. (DELL) will host a conference call at 5:30 PM ET on November 24, 2020, to discuss Q3 21 earnings results. To access the live webcast, log on to http://investors.delltechnologies.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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(RTTNews) - Dell Inc. (DELL) will host a conference call at 5:30 PM ET on November 24, 2020, to discuss Q3 21 earnings results. To access the live webcast, log on to http://investors.delltechnologies.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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(RTTNews) - Dell Inc. (DELL) will host a conference call at 5:30 PM ET on November 24, 2020, to discuss Q3 21 earnings results. To access the live webcast, log on to http://investors.delltechnologies.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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(RTTNews) - Dell Inc. (DELL) will host a conference call at 5:30 PM ET on November 24, 2020, to discuss Q3 21 earnings results. To access the live webcast, log on to http://investors.delltechnologies.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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0422837f-be9a-46fb-9348-139656acdef0
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726071.0
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2020-11-24 00:00:00 UTC
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Dell posts surprise revenue rise on booming demand for remote-work tools
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DELL
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https://www.nasdaq.com/articles/dell-posts-surprise-revenue-rise-on-booming-demand-for-remote-work-tools-2020-11-24
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nan
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nan
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Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic.
The company said revenue from its client solutions group, which includes desktop PCs, notebooks and tablets, was a record $12.29 billion, up about 8% from a year earlier.
"We met unprecedented demand for remote work and learn solutions this quarter," Chief Operating Officer Jeff Clarke said in a statement.
While the health crisis lifted demand for its remote workstation products, the company's data center business remained under pressure.
Revenue from its data center business fell about 4% to $8.02 billion in the quarter.
Sales at VMware Inc VMW.N rose about 8% to $2.89 billion. Dell plans to spin off its 81% stake in the software unit to help reduce debt.
Total revenue rose nearly 3% to $23.48 billion in the three months ended Oct. 30, while analysts had estimated a drop of 4.4% to $21.85 billion, according to IBES data from Refinitiv.
Net income attributable to the company rose to $832 million, from $499 million a year earlier.
(Reporting by Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila)
((Ayanti.Bera@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Dell plans to spin off its 81% stake in the software unit to help reduce debt. The company said revenue from its client solutions group, which includes desktop PCs, notebooks and tablets, was a record $12.29 billion, up about 8% from a year earlier.
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Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Dell plans to spin off its 81% stake in the software unit to help reduce debt. While the health crisis lifted demand for its remote workstation products, the company's data center business remained under pressure.
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Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Dell plans to spin off its 81% stake in the software unit to help reduce debt. The company said revenue from its client solutions group, which includes desktop PCs, notebooks and tablets, was a record $12.29 billion, up about 8% from a year earlier.
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Nov 24 (Reuters) - Dell Technologies Inc DELL.N reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic. Dell plans to spin off its 81% stake in the software unit to help reduce debt. The company said revenue from its client solutions group, which includes desktop PCs, notebooks and tablets, was a record $12.29 billion, up about 8% from a year earlier.
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f06f8ae1-dc1c-4bcf-afdd-2ca60736cb37
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726072.0
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2020-11-23 00:00:00 UTC
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Are These The Best Tech Stocks To Watch Before December 2020?
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DELL
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https://www.nasdaq.com/articles/are-these-the-best-tech-stocks-to-watch-before-december-2020-2020-11-23
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nan
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nan
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3 Top Tech Stocks to Watch This Week
Tech stocks have had a fantastic year in the stock market thus far. Certain tech companies have especially benefited from anti coronavirus measures. Social distancing and lockdowns have undoubtedly shifted the focus of consumers, companies, and the general public towards online services. Top tech stocks such as Roku (ROKU Stock Report) and Netflix (NFLX Stock Report) have seen phenomenal year-to-date growth. Why is this so, you might ask?
Simply put, these tech companies have been and will continue to meet the needs of people who are staying home. Despite news of potential coronavirus vaccine candidates from Pfizer (
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Social distancing and lockdowns have undoubtedly shifted the focus of consumers, companies, and the general public towards online services. Simply put, these tech companies have been and will continue to meet the needs of people who are staying home. Despite news of potential coronavirus vaccine candidates from Pfizer (
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3 Top Tech Stocks to Watch This Week Tech stocks have had a fantastic year in the stock market thus far. Certain tech companies have especially benefited from anti coronavirus measures. Top tech stocks such as Roku (ROKU Stock Report) and Netflix (NFLX Stock Report) have seen phenomenal year-to-date growth.
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3 Top Tech Stocks to Watch This Week Tech stocks have had a fantastic year in the stock market thus far. Certain tech companies have especially benefited from anti coronavirus measures. Top tech stocks such as Roku (ROKU Stock Report) and Netflix (NFLX Stock Report) have seen phenomenal year-to-date growth.
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3 Top Tech Stocks to Watch This Week Tech stocks have had a fantastic year in the stock market thus far. Certain tech companies have especially benefited from anti coronavirus measures. Social distancing and lockdowns have undoubtedly shifted the focus of consumers, companies, and the general public towards online services.
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f0f1fbac-8c71-4d03-94da-1be52d81c466
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726073.0
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2020-11-20 00:00:00 UTC
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Noteworthy Friday Option Activity: CRTX, AGIO, DELL
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DELL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-crtx-agio-dell-2020-11-20
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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 Cortexyme Inc (Symbol: CRTX), where a total of 573 contracts have traded so far, representing approximately 57,300 underlying shares. That amounts to about 48.3% of CRTX's average daily trading volume over the past month of 118,545 shares. Especially high volume was seen for the $60 strike call option expiring December 18, 2020, with 221 contracts trading so far today, representing approximately 22,100 underlying shares of CRTX. Below is a chart showing CRTX's trailing twelve month trading history, with the $60 strike highlighted in orange:
Agios Pharmaceuticals Inc (Symbol: AGIO) saw options trading volume of 2,893 contracts, representing approximately 289,300 underlying shares or approximately 47.3% of AGIO's average daily trading volume over the past month, of 611,670 shares. Particularly high volume was seen for the $45 strike call option expiring January 15, 2021, with 602 contracts trading so far today, representing approximately 60,200 underlying shares of AGIO. Below is a chart showing AGIO's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 6,703 contracts thus far today. That number of contracts represents approximately 670,300 underlying shares, working out to a sizeable 46.9% of DELL's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $70 strike call option expiring November 20, 2020, with 1,117 contracts trading so far today, representing approximately 111,700 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for CRTX options, AGIO 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 $70 strike call option expiring November 20, 2020, with 1,117 contracts trading so far today, representing approximately 111,700 underlying shares of DELL. Below is a chart showing AGIO's trailing twelve month trading history, with the $45 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 6,703 contracts thus far today. That number of contracts represents approximately 670,300 underlying shares, working out to a sizeable 46.9% of DELL's average daily trading volume over the past month, of 1.4 million shares.
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Below is a chart showing AGIO's trailing twelve month trading history, with the $45 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 6,703 contracts thus far today. Below is a chart showing DELL's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for CRTX options, AGIO options, or DELL options, visit StockOptionsChannel.com. That number of contracts represents approximately 670,300 underlying shares, working out to a sizeable 46.9% of DELL's average daily trading volume over the past month, of 1.4 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for CRTX options, AGIO options, or DELL options, visit StockOptionsChannel.com. Below is a chart showing AGIO's trailing twelve month trading history, with the $45 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 6,703 contracts thus far today. That number of contracts represents approximately 670,300 underlying shares, working out to a sizeable 46.9% of DELL's average daily trading volume over the past month, of 1.4 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for CRTX options, AGIO options, or DELL options, visit StockOptionsChannel.com. Below is a chart showing AGIO's trailing twelve month trading history, with the $45 strike highlighted in orange: And Dell Technologies Inc (Symbol: DELL) options are showing a volume of 6,703 contracts thus far today. That number of contracts represents approximately 670,300 underlying shares, working out to a sizeable 46.9% of DELL's average daily trading volume over the past month, of 1.4 million shares.
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8369ac05-a34a-43e3-9c6d-64d4409d9bf7
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726074.0
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2020-11-18 00:00:00 UTC
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How to Invest In Edge Computing: Why Exploding Data Demand And Creation is Driving This Trend
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DELL
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https://www.nasdaq.com/articles/how-to-invest-in-edge-computing%3A-why-exploding-data-demand-and-creation-is-driving-this
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nan
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nan
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S
o, what do you get when you cross Dell Technologies (DELL), FedEx (FDX), and Switct (SWCH)? Up until last week, you would be hard-pressed to answer that question, but after last Thursday’s announcement, the answer is a proliferation of edge computing facilities. Storage and processing hardware provided by Dell, connectivity provided by Switch, and real estate courtesy of FedEx. Talk about synergy!
But we have a feeling that more than a few readers are scratching their heads asking the obvious question, “Uh, what exactly is ‘Edge Computing’ and why is it expected to have explosive growth in the coming years?”
According to Alphabet (GOOGL) Google Search Trends, popularity of the term “Edge Computing” over the past 5 years peaked during August and September of this year following an explosion in cloud storage over the last decade. As we continue to figure out what to do with the peta-and exabytes of data we collectively produce and consume, the next frontier is figuring out how to optimize how we process all that data and turn it into something useful.
Enter “Edge Computing” a segment valued at $3.5 billion at the end of 2019 and expected to grow at a CAGR of 37% over the next five years according to Grandview Research. As for what it is, IBM (IBM) defines it as “a distributed computing framework that brings enterprise applications closer to data sources such as IoT devices or local edge servers.” At Tematica we tend to say context and perspective help frame the data we are getting and where we are going. As such, if we want to better understand Edge computing and its business benefits, it helps to better understand the past.
Back when governments and corporations were the only entities that had to manage and process large amounts of data there were several limitations they had to contend with. The first was cost. According to a page we found courtesy of the Internet Wayback Machine, the cost of a megabyte (MB) of storage in the early 1980s amounted to anywhere from $120 to $300 depending on the vendor. Those costs dropped significantly in the 1990s and by the end of the decade, 1MB of storage could be had for around $0.10. Nowadays? Asking about data storage in MB will get you laughed out of the room. Western Digital (WD) offers a 1 Terabyte drive (1,000,000 MB) branded for use in Microsoft’s (MSFT) XBOX video game platform, which goes for $69.99. The 5TB version goes for $139.99. To be clear, these storage products are targeted towards teenagers, not corporations. Storage is so inexpensive that even cloud storage services like Dropbox (DBX) will give users 2GB of storage for free.
The second limitation was physical space. While the roughly 4” X 6” X 1” form factor of hard drives hasn’t changed in decades, what used to hold 20GB in the 1990s can now hold upwards of 20 TB - a ratio of 1:1000. The third limitation was processing power. An Apple 165c purchased in the early 90s (that may or may not still be in one of our closets somewhere) had a 160MB hard drive, 4MB of RAM, and a 32MHz processor. The Lenovo device this is being written on sports a 512GB SSD, 16GB of RAM, and a 3.4GHz processor all for about half the price of that ‘90s era Mac. Back then, only corporations could afford the processing power, storage, and the real-estate required to support large scale databases and processing power required to do anything with their data. The final limitation (more of a requirement really) is that both governments and corporations needed to control access to proprietary data.
All these limitations led to the development of the client-server model where workers sat at what used to be called “dumb terminals” and used a custom program (front end) that allowed them to either input data or output (essentially view or print) pre-canned reports. Any change to the front end or any new report (or change to a report) needed to be sent to company programmers who would COBAL or FORTRAN their way to a solution. It wasn’t until the mid-1990s that the much smarter and more versatile desktop computer started to become a regular sight in offices.
While programs like VisiCalc and Lotus 1-2-3 had been available for over a decade, companies were just starting to embrace local computing and provide both desktops and programs to their workforce. This shift, along with Microsoft’s Office platform brought power to the (office) people. For the most part, no more waiting for programmers to make and test change after change just so your boss could see a report with the second column shifted over half an inch.
Since those days, computers have moved out of the office and into our homes, cars, pockets, and wrists. Much has changed over the past 20 or so years. Some constants throughout that time have remained, including Moore’s Law (to the point where there is debate whether or not it’s still a thing), the exponential growth of the amount of data we and our devices generate and need to store, and the increasing complexity of how we turn all of that data into information. It is this last part where “Edge Computing” comes into play.
Back in the Client-Server corporate model, when “data” referred to (ASCII) numbers and text, a database was shared with anywhere from a couple of thousand to a couple dozen thousand people. Today, data refers to anything that can be digitized including text, pictures, audio, and video. The audience for these various data sets can run into the millions. Back then, users were limited to what they could do with the data in the database by what their organization’s programmers would code but essentially, outside of basic-ish math equations and logic trees, nothing extremely taxing. In today’s world, companies are offering services like audio and video editing, or algorithmic trading development, not to mention online video game platforms and augmented and virtual reality environments. These all use vast amounts of data and users have either come to expect or demand near-instantaneous execution and results.
In as much as Cloud Computing has optimized the storage delivery, and routing of data via Edge Computing, the new trend looks to optimize the processing of all that data. Take, for example, Nvidia’s (NVDA) latest video processing platform (Nvidia Maxine) that doesn’t just compress video streams but uses artificial intelligence (AI) to trace and recreate the images it is processing. This new technology reduces the amount of transmitted data by up to 90% which greatly reduces bandwidth needs for video calls. It also requires more processing power.
It is always the case that more is better and now that case is shifting to include “and closer” as well. If you are at all familiar with stock exchange services, think of Edge Computing as a global co-location service. If you have no idea what we are talking about, think about Edge Computing as bringing computing power to you. For the same reasons why FedEx routes pretty much all its packages through Memphis, companies are looking to bring computing power physically closer to users. The benefits of this are several, including faster insights, improved response times, and better bandwidth availability.
This might sound silly given the “speed of the internet” but when you take into consideration that processor technology is currently pushing the limits of physics and millions (if not billions) of users are making more and increasingly complex demands on these systems, anything that will give companies and users an edge becomes table stakes. Research firm Gartner estimates that by 2025, 75% of data will be processed outside the traditional data center or cloud. All the more reason why investors should be watching pre-IPO companies like Mutable, Swim.AI, Mobiledge X, Packet, and Affirmed Networks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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o, what do you get when you cross Dell Technologies (DELL), FedEx (FDX), and Switct (SWCH)? Storage and processing hardware provided by Dell, connectivity provided by Switch, and real estate courtesy of FedEx. According to a page we found courtesy of the Internet Wayback Machine, the cost of a megabyte (MB) of storage in the early 1980s amounted to anywhere from $120 to $300 depending on the vendor.
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o, what do you get when you cross Dell Technologies (DELL), FedEx (FDX), and Switct (SWCH)? Storage and processing hardware provided by Dell, connectivity provided by Switch, and real estate courtesy of FedEx. Back then, only corporations could afford the processing power, storage, and the real-estate required to support large scale databases and processing power required to do anything with their data.
|
o, what do you get when you cross Dell Technologies (DELL), FedEx (FDX), and Switct (SWCH)? Storage and processing hardware provided by Dell, connectivity provided by Switch, and real estate courtesy of FedEx. But we have a feeling that more than a few readers are scratching their heads asking the obvious question, “Uh, what exactly is ‘Edge Computing’ and why is it expected to have explosive growth in the coming years?” According to Alphabet (GOOGL) Google Search Trends, popularity of the term “Edge Computing” over the past 5 years peaked during August and September of this year following an explosion in cloud storage over the last decade.
|
o, what do you get when you cross Dell Technologies (DELL), FedEx (FDX), and Switct (SWCH)? Storage and processing hardware provided by Dell, connectivity provided by Switch, and real estate courtesy of FedEx. The third limitation was processing power.
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d50d9a0a-ce9c-442d-9d79-99637dcd47ef
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726075.0
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2020-11-18 00:00:00 UTC
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The Remote Computing Boom for Apple's Mac Business Remains Strong
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DELL
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https://www.nasdaq.com/articles/the-remote-computing-boom-for-apples-mac-business-remains-strong-2020-11-18
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nan
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nan
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People have been transitioning to remote work all year long due to the COVID-19 pandemic, which has driven a surge in demand for PCs as people invest in new setups to maintain productivity. Among the beneficiaries of this trend is Apple. The company just posted an all-time record quarter for its decades-old Mac business. Mac revenue topped $9 billion for the first time in its fiscal Q4, despite the fact that the tech titan is struggling with supply constraints across numerous product categories due to coronavirus-related disruptions within the supply chain.
Demand is expected to remain elevated in the final quarter of 2020.
Image source: Apple.
Working and learning aren't "going to go back to where we were"
This week, Strategy Analytics released estimates on the laptop market in the third quarter, and they showed that overall unit volumes jumped 34%. In addition to remote work, the back-to-school season led to robust sales in the educational market as many schools also embraced remote learning. Keep in mind that the estimates do not include desktop computers.
Here are the top five laptop vendors for the third quarter:
VENDOR
Q3 2020 UNITS
Q3 2020 MARKET SHARE
GROWTH (YOY)
HP (NYSE: HPQ)
14.7 million
23.6%
43%
Lenovo (OTC: LNVGY)
14.6 million
23.6%
25%
Dell (NYSE: DELL)
8.5 million
13.7%
18%
Apple (NASDAQ: AAPL)
6 million
9.7%
39%
Acer
4.9 million
7.9%
34%
Others
13.4 million
21.6%
48%
Total
62.2 million
100%
34%
Data source: Strategy Analytics. YOY = year over year.
Apple stopped directly disclosing unit volumes a couple years ago, but Strategy Analytics' estimates suggest that the Cupertino tech giant's growth outpaced the broader laptop market, gaining market share in the process. The entire industry continues to see booming demand, but many manufacturers are struggling to meet that demand.
"The third quarter would have been even more productive for some vendors if they were able to deliver more devices to meet high demand," Strategy Analytics research analyst Chirag Upadhyay said. "Supply will remain a key concern as demand is expected to stay high amid rising COVID-19 infections around the world as the Northern Hemisphere enters a very difficult winter."
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google made strong gains thanks to the popularity of Chromebooks in the educational market. Apple has attempted to position the iPad for that market, but many schools prefer Chromebooks due to lower costs and the inclusion of a standard keyboard. Chrome OS saw its market share dramatically expand from 9.7% a year ago to 16.1%, according to Strategy Analytics.
"I think the moves that have taken place to remote learning and remote work are not going to go back to normal," CEO Tim Cook said last month. "Normal will become something different because I think people are learning that there are aspects of this that work well. And so I don't believe that we are going to go back to where we were."
10 stocks we like better than Apple
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 Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Evan Niu, CFA owns shares of Apple. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and 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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14.7 million 23.6% 43% Lenovo (OTC: LNVGY) 14.6 million 23.6% 25% Dell (NYSE: DELL) 8.5 million 13.7% 18% Apple (NASDAQ: AAPL) 6 million 9.7% 39% Acer 4.9 million 7.9% 34% Others 13.4 million 21.6% 48% Total 62.2 million 100% 34% Data source: Strategy Analytics. Working and learning aren't "going to go back to where we were" This week, Strategy Analytics released estimates on the laptop market in the third quarter, and they showed that overall unit volumes jumped 34%. "The third quarter would have been even more productive for some vendors if they were able to deliver more devices to meet high demand," Strategy Analytics research analyst Chirag Upadhyay said.
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14.7 million 23.6% 43% Lenovo (OTC: LNVGY) 14.6 million 23.6% 25% Dell (NYSE: DELL) 8.5 million 13.7% 18% Apple (NASDAQ: AAPL) 6 million 9.7% 39% Acer 4.9 million 7.9% 34% Others 13.4 million 21.6% 48% Total 62.2 million 100% 34% Data source: Strategy Analytics. "The third quarter would have been even more productive for some vendors if they were able to deliver more devices to meet high demand," Strategy Analytics research analyst Chirag Upadhyay said. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple.
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14.7 million 23.6% 43% Lenovo (OTC: LNVGY) 14.6 million 23.6% 25% Dell (NYSE: DELL) 8.5 million 13.7% 18% Apple (NASDAQ: AAPL) 6 million 9.7% 39% Acer 4.9 million 7.9% 34% Others 13.4 million 21.6% 48% Total 62.2 million 100% 34% Data source: Strategy Analytics. Working and learning aren't "going to go back to where we were" This week, Strategy Analytics released estimates on the laptop market in the third quarter, and they showed that overall unit volumes jumped 34%. Apple stopped directly disclosing unit volumes a couple years ago, but Strategy Analytics' estimates suggest that the Cupertino tech giant's growth outpaced the broader laptop market, gaining market share in the process.
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14.7 million 23.6% 43% Lenovo (OTC: LNVGY) 14.6 million 23.6% 25% Dell (NYSE: DELL) 8.5 million 13.7% 18% Apple (NASDAQ: AAPL) 6 million 9.7% 39% Acer 4.9 million 7.9% 34% Others 13.4 million 21.6% 48% Total 62.2 million 100% 34% Data source: Strategy Analytics. Demand is expected to remain elevated in the final quarter of 2020. Working and learning aren't "going to go back to where we were" This week, Strategy Analytics released estimates on the laptop market in the third quarter, and they showed that overall unit volumes jumped 34%.
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e46a0fc0-86d9-48b1-b1b9-10b2cff57124
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726076.0
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2020-11-07 00:00:00 UTC
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Why VMware Stock Fell 10.4% in October
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DELL
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https://www.nasdaq.com/articles/why-vmware-stock-fell-10.4-in-october-2020-11-07
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nan
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nan
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What happened
Shares of VMware (NYSE: VMW) slipped 10.4% in October, according to data from S&P Global Market Intelligence. The stock fell in conjunction with sell-offs for the broader market following a surge of new coronavirus cases and relatively weak performance for some technology giants.
VMW data by YCharts
VMware, which is a majority-owned subsidiary of Dell (NYSE: DELL), saw its stock track roughly in line with the broader market's movement for much of October. The company's share price pulled back in conjunction with the sell-off that hit the technology sector late in the month, and it may have seen pressured due to underwhelming guidance from industry-shaping tech companies.
Image source: Getty Images.
So what
There wasn't much business-specific news for VMware in October, but investors appear to have adopted a more cautious stance on tech stocks as some major players weighed in with forward guidance late in the month. Microsoft reported first quarter results on Oct. 27, and the company's report prompted a reassessment in tech sector outlook despite arriving with sales and earnings beat for the period. Management guided for second quarter sales that fell short of the market's target.
Microsoft's relatively soft guidance followed relatively weak guidance that Intel issued when it reported quarterly earnings roughly a weak earlier, and the more cautious outlook from large tech players had ripple effects throughout the tech sector and broader market. The sell-off hit VMware, and its stock closed the month down double digits, but shares have quickly bounced back this month.
Now what
VMware stock has rebounded amid momentum for the broader market early in November's trading. The company's share price is up roughly 10.4% in the month so far.
VMW data by YCharts
For the third quarter, VMware is guiding for revenue of roughly $2.8 billion, up about 5.4% year over year. Subscription, SaaS, and licensed revenue is projected to be $1.265 billion, up 5.6% year over year, with subscription and SaaS sales accounting for roughly half of the category total.
For the full-year period, management is guiding for sales of $11.6 billion, up 7% annually. Combined subscription, SaaS, and licensed revenue is expected to come in at $5.5 billion, an increase of 9% year over year, with subscription and SaaS accounting for over 45% of that revenue. Non-GAAP (adjusted) earnings per share for the year are projected to be $6.62 -- up roughly 6% annually.
VMware has a market capitalization of $59 billion and trades at roughly 21 times this year's expected earnings.
10 stocks we like better than VMware
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 VMware wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Microsoft. The Motley Fool recommends Intel and VMware and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. 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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VMW data by YCharts VMware, which is a majority-owned subsidiary of Dell (NYSE: DELL), saw its stock track roughly in line with the broader market's movement for much of October. What happened Shares of VMware (NYSE: VMW) slipped 10.4% in October, according to data from S&P Global Market Intelligence. The stock fell in conjunction with sell-offs for the broader market following a surge of new coronavirus cases and relatively weak performance for some technology giants.
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VMW data by YCharts VMware, which is a majority-owned subsidiary of Dell (NYSE: DELL), saw its stock track roughly in line with the broader market's movement for much of October. The company's share price pulled back in conjunction with the sell-off that hit the technology sector late in the month, and it may have seen pressured due to underwhelming guidance from industry-shaping tech companies. VMW data by YCharts For the third quarter, VMware is guiding for revenue of roughly $2.8 billion, up about 5.4% year over year.
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VMW data by YCharts VMware, which is a majority-owned subsidiary of Dell (NYSE: DELL), saw its stock track roughly in line with the broader market's movement for much of October. Microsoft's relatively soft guidance followed relatively weak guidance that Intel issued when it reported quarterly earnings roughly a weak earlier, and the more cautious outlook from large tech players had ripple effects throughout the tech sector and broader market. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors.
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VMW data by YCharts VMware, which is a majority-owned subsidiary of Dell (NYSE: DELL), saw its stock track roughly in line with the broader market's movement for much of October. VMW data by YCharts For the third quarter, VMware is guiding for revenue of roughly $2.8 billion, up about 5.4% year over year. VMware has a market capitalization of $59 billion and trades at roughly 21 times this year's expected earnings.
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3aa675a4-0a20-45a0-bf5f-aeb45a9b54cd
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726077.0
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2020-11-03 00:00:00 UTC
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Lenovo profit beats expectations, helped by remote working trend
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DELL
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https://www.nasdaq.com/articles/lenovo-profit-beats-expectations-helped-by-remote-working-trend-2020-11-03
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nan
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By Pei Li
HONG KONG, Nov 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from "new normal" remote working after COVID-19.
The Chinese giant said it set new records for group revenue, pre-tax income and net income, and all three key business groups delivered year-on-year growth for the first time in six quarters.
"Last quarter was what I would call a perfect quarter for Lenovo," Chairman Yang Yuanqing told Reuters in a post-results interview.
"I hope the current quarter could be even better." he said.
Lenovo reported a 53% jump in net profit for the quarter ended September to $310 million, beating average analyst estimate of $224 million, according to Refinitiv data.
Revenue increased 7% to $14.5 billion.
With the pandemic forcing companies worldwide to seek work-from-home options and people preferring to stay indoors, the company expects to benefit from increased sales of PCs and tablets.
"Our gaming PCs and our thin-and-light PCs actually grow margin faster than other products," said Yang.
According to research firm Gartner, worldwide shipments of personal computers rose 3.6% in the July-September quarter, due to home entertainment and distance learning needs, along with the strongest growth the U.S. PC market has seen in 10 years.
Yang predicted a further 5% to 10% industry-wide increase of total addressable market for PCs next year.
Lenovo strengthened its lead in PCs with 25.7% of the market, ahead of HP Inc HPQ.N and Dell Technologies DELL.N which had 21.6% and 15.2% share, respectively.
Yang said a component supply shortage, particularly for display and integrated circuit, is keeping the company from meeting 100% customer demand.
"The issue is not demand, it's supply. If we can fill enough supply, we can sell more products," he said.
(Reporting by Pei Li; Editing by Muralikumar Anantharaman and Krishna Chandra Eluri)
((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 25.7% of the market, ahead of HP Inc HPQ.N and Dell Technologies DELL.N which had 21.6% and 15.2% share, respectively. By Pei Li HONG KONG, Nov 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from "new normal" remote working after COVID-19. According to research firm Gartner, worldwide shipments of personal computers rose 3.6% in the July-September quarter, due to home entertainment and distance learning needs, along with the strongest growth the U.S. PC market has seen in 10 years.
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Lenovo strengthened its lead in PCs with 25.7% of the market, ahead of HP Inc HPQ.N and Dell Technologies DELL.N which had 21.6% and 15.2% share, respectively. By Pei Li HONG KONG, Nov 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from "new normal" remote working after COVID-19. The Chinese giant said it set new records for group revenue, pre-tax income and net income, and all three key business groups delivered year-on-year growth for the first time in six quarters.
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Lenovo strengthened its lead in PCs with 25.7% of the market, ahead of HP Inc HPQ.N and Dell Technologies DELL.N which had 21.6% and 15.2% share, respectively. By Pei Li HONG KONG, Nov 3 (Reuters) - China's Lenovo Group 0992.HK, the world's biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from "new normal" remote working after COVID-19. "Last quarter was what I would call a perfect quarter for Lenovo," Chairman Yang Yuanqing told Reuters in a post-results interview.
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Lenovo strengthened its lead in PCs with 25.7% of the market, ahead of HP Inc HPQ.N and Dell Technologies DELL.N which had 21.6% and 15.2% share, respectively. Revenue increased 7% to $14.5 billion. Yang predicted a further 5% to 10% industry-wide increase of total addressable market for PCs next year.
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2b0d2af5-d11a-4ec5-814a-6ea23795dced
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726078.0
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2020-10-26 00:00:00 UTC
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Ignore Intel: Here Are 3 Better Stocks
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DELL
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https://www.nasdaq.com/articles/ignore-intel%3A-here-are-3-better-stocks-2020-10-26
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nan
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Value investors may hold chip giant Intel (NASDAQ: INTC) for their tech sector exposure. At first glance, that would seem to be smart move. After all, Intel has a dominant market share in PC and data center processors, and these end markets should benefit from work-from-home trends as well as cloud, AI, IoT, 5G and other next-gen tech applications. Meanwhile, the stock trades at just 9.4 times earnings and yields 2.75%.
However, Intel plunged over 10% after its recentearnings calllast week, delivering results that showed falling margins in its data center group. Intel is currently under fire from rival Advanced Micro Devices, which has used Taiwan Semiconductor Manufacturing as its outside foundry to surpass Intel in producing 7nm processors. Intel has fallen behind in its own in-house manufacturing process, and management was tight-lipped as to whether Intel would eventually have to outsource its chips to TSM in order to catch up.
Basically, Intel is in a tough spot right now, and its turnaround, if it's coming, could take a while. However, for value investors interested in the technology space, the following three stocks look like better bets today, with more near-term catalysts.
Image source: Getty Images.
Dell Technologies
Dell Technologies (NYSE: DELL) isn't just a cheap stock; it actually appears to be trading for nothing.
How is this possible? Dell, originally a server and PC maker, acquired tech giant EMC back in 2016. EMC held a number of stakes in various enterprise software companies, the most consequential of which was VMware, which "virtualizes" companies' IT infrastructure into a single plane of glass.
In fact, Dell owns roughly 80.4% of VMware, which is publicly traded. Currently, VMware has a market capitalization of $62.7 billion, meaning Dell's stake is worth $50.4 billion; however, Dell itself is only trading at a market capitalization of $50.9 billion. That means Dell's equity ex-VMware is only trading at a value of just $0.5 billion.
Last quarter alone, Dell's non-VMware business generated almost $1.7 billion in operating income. Yes, Dell has a hefty amount of debt on its balance sheet at roughly $54 billion, but given Dell's leading position in servers and PCs and its strong profitability this year, it's pretty unlikely the company is worth nothing.
In September 2021, a spinoff of Dell's stake in VMware to Dell shareholders would become tax-free, and CEO Michael Dell confirmed in July that the company is considering such a move. A spinoff would also necessitate the payment of a special dividend from VMware to Dell, which would help pay down Dell's large debt load.
If such a move did happen, Dell's shares could rapidly rise from the near-zero value it trades at today. Because the date of this catalyst could be within a year, it seems to be a better value story than Intel at the moment.
Nutanix looks like a good value in hybrid cloud technology. Image source: Getty Images.
Nutanix
Speaking of VMware, its main rival in virtualization software, Nutanix (NASDAQ: NTNX), also looks like an intriguing value play. As more and more corporations turn to both multi-cloud and hybrid cloud solutions, the hyperconverged infrastructure (HCI) market is set to grow. HCI vendors like VMware and Nutanix allow corporations to manage different infrastructures through a simple interface, while also efficiently deploying IT assets.
IT research firm Gartner expects the HCI market to grow from just $4.4 billion in 2018 to $11.5 billion in 2023, good for a 21% average growth rate. Within that market, Nutanix has been consistently rated as the leading product in both Gartner and Forrester magic quadrant ratings. Customers are also giving Nutanix high marks, with a 96% overall retention rate, a 125% net expansion rate, and a very high net promoter score (NPS) score of 90.
What's interesting about Nutanix now is that it was late in its transition to a subscription-based model relative to other software companies. History has shown that when companies make the transition, it results in a near-term reduction in revenue, since customers pay annually instead of all at once for multiple years on a software package. However, it usually pays off in the future with more predictable growth, higher margins, and better customer satisfaction.
So while Nutanix only grew revenue 9% last quarter, its annual subscription revenue run-rate increased 29%. Meanwhile, subscriptions have gone from just 41% of revenue in the first quarter of 2019 to 87% of revenue today, meaning the transition is nearly complete. Since 2017, gross margin has increased from 63% to 81% today.
Meanwhile, the company received a shot of confidence in August after Bain Capital Private Equity invested $750 million in convertible notes in Nutanix. Those notes pay a coupon of 2.5% and are convertible into stock at $27.75 per share, above today's $25.32 stock price. Additionally, the PE firm will help the company search for a successor to founder and CEO Dheeraj Pandey, who recently announced his retirement.
Bain certainly doesn't make investments to make 2.5%, and given Nutanix's very reasonable valuation at just 3.7 times sales, I'd bet Bain sees much bigger dollar signs in Nutanix's future.
HDD leader Western Digital looks undervalued based on Intel's sale. Image source: Getty Images.
Western Digital
Finally, storage specialist Western Digital (NASDAQ: WDC) is looking like a good value stock today. The company has a new CEO in David Goeckeler, who took the job as of March 2020. Goeckeler has already made few notable moves, including suspending the company's dividend in May, then reorganizing the company into two distinct units around its hard disc drive business and its NAND flash business.
Some believe that could be a prelude to a sale of one of the units, which could unlock value. After all, Intel just sold its NAND flash business to SK Hynix for $9 billion, which would bring that market from six leading players down to five. In the second quarter, Western Digital made about $2.23 billion in NAND sales versus Intel's $1.65 billion. Therefore, just based on Intel's revenue relative to Western Digital, Western Digital's NAND business could fetch a valuation of $12 billion.
Meanwhile, Western Digital is only one of three HDD vendors, with about 36% market share in Q2. Rival Seagate is a pure-play on HDDs with 43% market share and an enterprise value of about $15.8 billion. While it's likely an imperfect comparison, based solely on its relative market share, Western Digital's HDD business could be worth $13.2 billion.
Adding both up would yield an enterprise value for Western Digital of $25.2 billion, versus its current enterprise value of around $19.6 billion, or about 30% upside. In addition, the consolidation of the NAND sector could make all of the other NAND players more valuable over time due to less competition, which could mean more upside for Western Digital's beaten-down shares.
10 stocks we like better than Intel
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*Stock Advisor returns as of October 20, 2020
Billy Duberstein owns shares of Dell Technologies Inc., Nutanix, Taiwan Semiconductor Manufacturing, and Western Digital. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Taiwan Semiconductor Manufacturing. The Motley Fool recommends Gartner, Intel, Nutanix, and 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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Dell Technologies Dell Technologies (NYSE: DELL) isn't just a cheap stock; it actually appears to be trading for nothing. Dell, originally a server and PC maker, acquired tech giant EMC back in 2016. In fact, Dell owns roughly 80.4% of VMware, which is publicly traded.
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See the 10 stocks *Stock Advisor returns as of October 20, 2020 Billy Duberstein owns shares of Dell Technologies Inc., Nutanix, Taiwan Semiconductor Manufacturing, and Western Digital. Dell Technologies Dell Technologies (NYSE: DELL) isn't just a cheap stock; it actually appears to be trading for nothing. Dell, originally a server and PC maker, acquired tech giant EMC back in 2016.
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Currently, VMware has a market capitalization of $62.7 billion, meaning Dell's stake is worth $50.4 billion; however, Dell itself is only trading at a market capitalization of $50.9 billion. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Billy Duberstein owns shares of Dell Technologies Inc., Nutanix, Taiwan Semiconductor Manufacturing, and Western Digital. Dell Technologies Dell Technologies (NYSE: DELL) isn't just a cheap stock; it actually appears to be trading for nothing.
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Currently, VMware has a market capitalization of $62.7 billion, meaning Dell's stake is worth $50.4 billion; however, Dell itself is only trading at a market capitalization of $50.9 billion. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Billy Duberstein owns shares of Dell Technologies Inc., Nutanix, Taiwan Semiconductor Manufacturing, and Western Digital. Dell Technologies Dell Technologies (NYSE: DELL) isn't just a cheap stock; it actually appears to be trading for nothing.
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0028d881-230e-4d2c-8e9c-a97d9448f283
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726079.0
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2020-10-16 00:00:00 UTC
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Dell Missed Out on the PC Sales Boom -- Again
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DELL
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https://www.nasdaq.com/articles/dell-missed-out-on-the-pc-sales-boom-again-2020-10-16
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nan
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nan
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For the second quarter in a row, sales of desktops and laptops grew. Millions of employees continued to turn their homes into offices during the third quarter, and a slew of students are now attending online school as well. All told, PC sales grew between 3.6% and 14.6% during Q3, depending on which research outfit is crunching the numbers.
The two number-crunchers in question do agree on one thing, though. That is, for the second quarter in a row, Dell (NYSE: DELL) completely missed out on the rising tide that's lifting rival computer makers like HP (NYSE: HPQ), Apple (NASDAQ: AAPL), and Lenovo (OTC: LNVGY). Investors may want to take the hint.
Image source: Getty Images.
A swing and a miss
The two tech market research organizations providing the aforementioned PC sales data are Gartner (NYSE: IT) and International Data Corp. (better known as IDC). While their final tallies of PC shipments made during the third quarter are seemingly miles apart, given that they don't have access to any specifics from any of these companies, their estimates are likely to be at least in the ballpark. Besides, the trend is arguably almost as important as the number.
To this end, Gartner's guess was that Lenovo led a 3.6% year-over-year increase in personal computer sales last quarter, although ACER saw the biggest relative improvement with growth of nearly 30%. Apple and ASUS had a decent showing too.
COMPANY Q3-2020 UNIT SHIPMENTS Q3-2020 MARKET SHARE Q3-2019 UNIT SHIPMENTS Q3-2019 MARKET SHARE Q3-2020 YOY GROWTH
Lenovo 18,310 25.7% 16,903 24.5% 8.3%
HP 15,447 21.6% 15,335 22.3% 0.7%
Dell Technologies 10,827 15.2% 11,343 16.5% (4.6%)
Apple 5,513 7.7% 5,139 7.5% 7.3%
Acer Group 5,085 7.1% 3,928 5.7% 29.5%
ASUS 4,747 6.7% 4,206 6.1% 12.9%
Others 11,448 16% 12,014 17.4% (4.7%)
Total 71,377 100% 68,869 100% 3.6%
Unit data is in thousands. Data source: Gartner's Q3 PC sales report.
IDC's numbers look a little different, though they tell the same basic story. That is, Lenovo shipped more computers during the three-month stretch ending in September than any other manufacturer, but Acer produced incredible growth. It was only topped by Apple's 38.9% increase. HP fared pretty well within IDC's outlook too.
COMPANY Q3-2020 UNIT SHIPMENTS Q3-2020 MARKET SHARE Q3-2019 UNIT SHIPMENTS Q3-2019 MARKET SHARE Q3-2020 YOY GROWTH
Lenovo 19,272 23.7% 17,310 24.4% 11.3%
HP 18,690 23% 16,805 23.7% 11.2%
Dell Technologies 11,996 14.8% 12,098 17.1% (0.8%)
Apple 6,890 8.5% 4,959 7% 38.9%
Acer Group 6,005 7.4% 4,644 6.6% 29.3%
Others 18,419 22.7% 15,091 21.3% 22.1%
Total 81,272 100% 70,907 100% 14.6%
Unit data is in thousands. Data source: IDC's Q3 PC sales report.
The weakest link according to both researchers is of course Dell, and not for the first time. IDC reports Dell's Q2 shipment growth was the worst among the major names listed here, up only 3.5% year over year despite the PC buying frenzy that materialized in the wake of sudden, unexpected coronavirus-related shutdowns. Gartner reported that Dell's Q2 PC shipments fell 0.3%, once again lagging all of its major rivals. In this same vein, Dell's client solutions group that sells computers to consumers, as well as companies, saw a 5% setback in sales for the quarter ending in July.
Red flags for investors
As for how this has happened to Dell -- but only Dell -- twice in a row now, one can only speculate. Among the reasonable speculations are a vulnerable supply chain, sales and distribution channels that don't fully function in a COVID-challenged environment, or perhaps just a sheer lack of real interest in pursuing the personal computer market.
The latter of those three possibilities makes more than a little sense.
Of last fiscal year's $92.2 billion worth of revenue, only about half of it came from the client solutions group. And, despite Dell's client solutions group's contribution of about half of last year's top line, this division only accounted for 31% of 2019's income. Dell's infrastructure business produced 39% of the company's operating profit even though it only produced 37% of the top line. The remainder of its sales and earnings came from its software arm VMWare.
Still, PC revenue accounts for around a third of the company's top and bottom lines. That's hardly chump change Dell can afford not to sweat.
Whatever the underlying reason(s) for this sustained softness, shareholders now deserve a very good explanation before or during November's third-quarter conference call. Something's clearly not right.
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.
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*Stock Advisor returns as of September 24, 2020
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. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That is, for the second quarter in a row, Dell (NYSE: DELL) completely missed out on the rising tide that's lifting rival computer makers like HP (NYSE: HPQ), Apple (NASDAQ: AAPL), and Lenovo (OTC: LNVGY). Dell Technologies 10,827 15.2% 11,343 16.5% (4.6%) Apple 5,513 7.7% 5,139 7.5% 7.3% Acer Group 5,085 7.1% 3,928 5.7% 29.5% Dell Technologies 11,996 14.8% 12,098 17.1% (0.8%) Apple 6,890 8.5% 4,959 7% 38.9% Acer Group 6,005 7.4% 4,644 6.6% 29.3% Others 18,419 22.7% 15,091 21.3% 22.1% Total 81,272 100% 70,907 100% 14.6% Unit data is in thousands.
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Dell Technologies 11,996 14.8% 12,098 17.1% (0.8%) Apple 6,890 8.5% 4,959 7% 38.9% Acer Group 6,005 7.4% 4,644 6.6% 29.3% Others 18,419 22.7% 15,091 21.3% 22.1% Total 81,272 100% 70,907 100% 14.6% Unit data is in thousands. That is, for the second quarter in a row, Dell (NYSE: DELL) completely missed out on the rising tide that's lifting rival computer makers like HP (NYSE: HPQ), Apple (NASDAQ: AAPL), and Lenovo (OTC: LNVGY). Dell Technologies 10,827 15.2% 11,343 16.5% (4.6%) Apple 5,513 7.7% 5,139 7.5% 7.3% Acer Group 5,085 7.1% 3,928 5.7% 29.5%
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That is, for the second quarter in a row, Dell (NYSE: DELL) completely missed out on the rising tide that's lifting rival computer makers like HP (NYSE: HPQ), Apple (NASDAQ: AAPL), and Lenovo (OTC: LNVGY). In this same vein, Dell's client solutions group that sells computers to consumers, as well as companies, saw a 5% setback in sales for the quarter ending in July. Dell Technologies 10,827 15.2% 11,343 16.5% (4.6%) Apple 5,513 7.7% 5,139 7.5% 7.3% Acer Group 5,085 7.1% 3,928 5.7% 29.5%
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Dell Technologies 10,827 15.2% 11,343 16.5% (4.6%) Apple 5,513 7.7% 5,139 7.5% 7.3% Acer Group 5,085 7.1% 3,928 5.7% 29.5% That is, for the second quarter in a row, Dell (NYSE: DELL) completely missed out on the rising tide that's lifting rival computer makers like HP (NYSE: HPQ), Apple (NASDAQ: AAPL), and Lenovo (OTC: LNVGY). Dell Technologies 11,996 14.8% 12,098 17.1% (0.8%) Apple 6,890 8.5% 4,959 7% 38.9% Acer Group 6,005 7.4% 4,644 6.6% 29.3% Others 18,419 22.7% 15,091 21.3% 22.1% Total 81,272 100% 70,907 100% 14.6% Unit data is in thousands.
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e8b9effb-acb9-4452-9986-2697202d22ff
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726080.0
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2020-10-15 00:00:00 UTC
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Is HP Stock a Buy?
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DELL
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https://www.nasdaq.com/articles/is-hp-stock-a-buy-2020-10-15
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nan
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nan
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HP's (NYSE: HPQ) stock has declined nearly 10% over the past three years as the S&P 500 has rallied nearly 40%. Even after factoring in reinvested dividends, it generated a total return of less than 1%.
HP struggled as its relatively stable PC sales were offset by declining sales of printers and printing supplies. The resignation of CEO Dion Weisler, a failed hostile takeover bid by Xerox (NYSE: XRX), and COVID-19 disruptions also kept the bulls away.
Image source: HP.
However, worldwide PC shipments grew 13% year-over-year in the third quarter of 2020, according to Canalys, marking the industry's strongest growth in a decade as the pandemic lifted sales of PCs for remote work, online education, and video games. Will those tailwinds stabilize HP's business and make it a compelling investment again?
Reviewing HP's issues
Last quarter HP generated 72% of its revenue from its Personal Systems business, which sells notebooks, desktops, and workstations. The unit's revenue grew 7% year-over-year as the pandemic sparked more PC purchases.
However, HP relied on a 32% jump in notebook shipments to offset a 30% drop in desktop shipments during the quarter, and that feverish demand for notebooks could quickly cool off after the pandemic ends. Fierce competition from rivals like Lenovo and Dell will also throttle HP's ability to raise prices.
The remaining 28% of HP's revenue came from its Printing business last quarter. The segment's revenue plunged 20% year-over-year as the single digit growth of its consumer hardware business (buoyed by work-at-home trends) was wiped out by its double-digit revenue declines in commercial hardware and supplies.
HP's printing hardware and supply businesses are both stuck in secular declines: Demand for printers is waning as digital documents replace printed ones, and online sales of cheap generic ink and toner are eliminating the need for HP's branded products. The ongoing decline of HP's printing supply business is particularly worrisome, since it generates much higher margins than its hardware business.
The weakness of HP's printing business once again offset the growth of its PC business, and its total revenue fell 2% year-over-year for the quarter. Operating margins at both segments contracted, and its adjusted EPS tumbled 16%. Analysts expect its revenue and earnings to decline 5% and 2%, respectively, for the full year.
Treading water... but slowly sinking
HP desperately needs to patch up its sinking printing business, but its strategies haven't borne fruit yet.
Image source: Getty Images.
Under Dion Weisler, HP expanded the division by buying Samsung's printing business and Apogee, Europe's largest independent provider of managed print services. It also started selling more industrial 3D printers. That increased scale boosted the segment's revenue inorganically, but its growth quickly faded after it lapped those big acquisitions.
To counter generic ink vendors, HP launched a subscription service called Instant Ink, which delivered new cartridges to customers before the existing ones ran dry. The plans were priced based on the number of pages printed each month, but customers who only occasionally printed documents probably didn't see a pressing need to subscribe.
Instead of offering aggressive turnaround strategies, CEO Enrique Lores, who succeeded Weisler last November, is mainly focused on cutting costs, buying back shares, and paying out dividends.
HP expects its free cash flow to decline from $4.0 billion in 2019 to $2.5 billion to $3.0 billion this year, but Lores still told investors the company would return "100%" of its FCF to investors "over the long term, unless higher return on investment opportunities emerge" during last quarter's conference call.
Don't buy HP unless it makes some tough decisions
I think three things could happen to HP. First, it could maintain the status quo, tread water with buybacks, and eventually be pulled under by its dying printing business. Second, it could reconsider a merger with Xerox, which would unite one the world's top printer makers with one of its largest photocopier makers.
Lastly, it could consider spinning off its printing business into a separate company. Doing so would allow HP's PC business to compete more effectively against Lenovo and Dell, which don't sell printers, while allowing the stand-alone printing business to either restructure itself or merge with another company.
I would only consider buying HP if it considers a sale or a spin-off. The stock might seem like a bargain at eight times forward earnings with a forward yield of 3.6%, but it's cheap because it's in serious trouble.
10 stocks we like better than HP
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and HP wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of September 24, 2020
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fierce competition from rivals like Lenovo and Dell will also throttle HP's ability to raise prices. Doing so would allow HP's PC business to compete more effectively against Lenovo and Dell, which don't sell printers, while allowing the stand-alone printing business to either restructure itself or merge with another company. The resignation of CEO Dion Weisler, a failed hostile takeover bid by Xerox (NYSE: XRX), and COVID-19 disruptions also kept the bulls away.
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Fierce competition from rivals like Lenovo and Dell will also throttle HP's ability to raise prices. Doing so would allow HP's PC business to compete more effectively against Lenovo and Dell, which don't sell printers, while allowing the stand-alone printing business to either restructure itself or merge with another company. HP struggled as its relatively stable PC sales were offset by declining sales of printers and printing supplies.
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Doing so would allow HP's PC business to compete more effectively against Lenovo and Dell, which don't sell printers, while allowing the stand-alone printing business to either restructure itself or merge with another company. Fierce competition from rivals like Lenovo and Dell will also throttle HP's ability to raise prices. HP's printing hardware and supply businesses are both stuck in secular declines: Demand for printers is waning as digital documents replace printed ones, and online sales of cheap generic ink and toner are eliminating the need for HP's branded products.
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Doing so would allow HP's PC business to compete more effectively against Lenovo and Dell, which don't sell printers, while allowing the stand-alone printing business to either restructure itself or merge with another company. Fierce competition from rivals like Lenovo and Dell will also throttle HP's ability to raise prices. The weakness of HP's printing business once again offset the growth of its PC business, and its total revenue fell 2% year-over-year for the quarter.
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2020-10-14 00:00:00 UTC
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Rule Breaker Investing Over 15 Years
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DELL
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https://www.nasdaq.com/articles/rule-breaker-investing-over-15-years-2020-10-14
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nan
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nan
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In this episode of Rule Breaker Investing: Essays from Yesterday, Vol. 2, Motley Fool co-founder David Gardner talks about some interesting companies, recommendations, trends, and technological innovations spanning over 15 years. He also discusses what lessons they hold for investors and people, in general. There are spectacular success stories and some businesses that didn't do so well, and there are some timeless truths and much more.
Also, get a sneak peak of what's coming up next week and how you can chip in.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on October 7, 2020.
David Gardner: For years and years and years I wrote essays in Motley Fool Stock Advisor and Motley Fool Rule Breakers, essays to kick off the issues. So it would be May 2008, wow! Remember 2008? And in addition to our new stock picks and Best Buys Now that month, the mailed issue of Rule Breakers led off with the page one essay from me, and same with the next month, and the month after that, for years.
Recognize any old-school references, issues, mailed issues? [laughs] These days, our services are digital, we don't do paper copies anymore, and we don't do opening essays. There's no page one anymore -- they wouldn't get the clicks. But I put a lot of time into those essays, and as they occurred over a long narrative arc of history, 2002 to 2017, 15 years' worth of them, 18 per year, it can be both educational and amusing to go back and see what was being said and when.
The purpose of The Motley Fool is to make the world smarter, happier, and richer, and that's exactly what I was doing with those essays for years. So I pulled some favorites with some timeless truths and I want to introduce, or for longtime Fools reintroduce, you to our Rule Breaker thinking over time. But this isn't nostalgia or about yesterday; no, I think it might be a fine way to educate, amuse, and enrich you today, only on Rule Breaker Investing.
[...]
It's the Rule Breaker Investing podcast with Motley Fool Co-Founder, David Gardner.
[...]
Welcome back to Rule Breaker Investing. And if you're like me, you're still doing some heavy breathing after last week's podcast, [laughs] which pretty much broke the bank in terms of the longest podcast we've ever done. That was even a topic unto itself. I'm not going to revisit that topic. I hope you enjoyed at least half, if not all, of last week's mailbag. There were some stellar stories, some great questions; I also had a lot of special guests, people that I haven't got to see for months, but at least got to share with you on last week's mailbag.
Well, it's October, welcome to October. And even though it is October, and I always think about the future, this week we're largely looking at the past. Essays from Yesterday, Vol. 2. And I say Vol. 2 because I first introduced this new series on June 3rd of this year and I asked you if you liked it. And I got enough people saying, yes, I did like that, that was a fun podcast to revisit old thoughts, but updated for a modern context. And so I thought, well, let's do that one more time and see what my fellow Fools think. So I'm fired up to share four essays, kind of extended, not terribly long essays, but extended thoughts with you, and then reflect on them now in 2020.
Before we get into that, I want to mention what's happening next week on the show. It's going to be Vol. 5 of our long-running series Mental Tips, Tricks, and Life Hacks, and this is where you come in, because while I have some mental tips, tricks, and life hacks that I like to share each time we do this. Really it gets a lot better when you give me your best ones. So do you have a mental tip for me? Do you have a mental trick that you use? Do you have a life hack that you'd like to share with the global listener base of Rule Breaker Investing, the podcast? Well, I would love to share that next week.
I'll share only the best, which is, of course, what I do. But our email address is RBI@fool.com. I'll have a few of my own, but really, I would love for you to overwhelm me with brilliant ideas, life hacks, mental tips, and tricks. RBI@fool.com is our email address.
And before we get into the podcast, just make a note right now to get back to me on that, because you might get lost with me in these essays of yesteryear and forget this request. But of course, I'm talking about next week's show, so if you're listening over the weekend, hey, drop Rick Engdahl, my producer, and me a note right back with your best mental tip, trick, or life hack. Again, Vol. 5 of the long-running series next Wednesday.
All right. Now, let's get into it. Essays from Yesterday, Vol. 2. So, a couple of the ground rules about how this series works. First of all, I completely randomize which essay I'll be sharing with you. So, I don't know ahead of time, until we plan this podcast, what I'll be speaking about and I randomize it. Now, I wish I could cherry pick my best and favorite essays, but I like all of them -- it's just that some of them were more ripe than others, so you never know how right or wrong I'll be with any of these, it's completely randomized.
The second ground rule is, they're in chronological order from earliest to latest. So for example, this particular episode, I'll be sharing an essay from February 2004, then we'll jump forward to exactly 15 years ago this month, October 2005, then to March 2009. Wow! The market was in quite a tizzy in March of 2009. And then finally, the most recent essay shared in this episode will be June of 2010. So all of these are 10-plus years old. But now having read through them and thought some about them, I'll be reflecting after I read each one, I think that they hold multiple delights and lessons for us here in the Fall of 2020.
So Rick, if I could get, please, a little bit of way back music.
[...]
Yep we're going way, way back. In fact, we're going to just the start of the second full year of Motley Fool Stock Advisor. It was February of 2004. I actually wrote the essay in January. That doesn't really matter -- that's just for those scoring at home. But this was entitled Introduction to February 2004 Issue, [laughs] a very imaginative title. It starts:
Dear reader, what's the right price to pay for a stock? Well, that's an important question that should titillate anyone who dons the cap and Motley. Before investing, demanding Fools will typically ask, should I even be buying that stock in the first place? We help you with that every month here in Motley Fool Stock Advisor by giving you our top picks. If we're recommending a stock, we believe it will beat the market over time at its current price.
Having then decided to buy, here comes step two, what would be a good price, the right price? I, David here, have two approaches for you on that question, and Tom and I use both. First, for companies that are profitable, and established, and growing, we like to look for stocks whose free cash flow multiple is about in line with the percentage of the company's five-year expected growth rate. For example, if a company is trading at 15X free cash flow, and you think it can grow sales and profits by 15% or more annualized over the next five years. Well, get a little bit excited.
Now, by contrast, I'm recommending Dell (NYSE: DELL) in this issue, which trades at a higher multiple than its growth rate, so what's up with that? But Dell is one of the best companies in America, and such companies will almost always break the rule I just gave you and some still perform well over long periods of time; that's what greatness means. On the other hand, when I recommended Hasbro (NASDAQ: HAS) in May 2003, it was only trading at about 6X free cash flow. I got a little bit excited. Result: up about 50% since. Hasbro is a fine company, but definitely not in Dell's category where you'll "overpay" to own the stock, because of its premier status. We're dealing in generalities here, so there can be buyable exceptions.
The final section of the essay is entitled Relying on Experience. The second approach is the right-brained approach to investing, it's less scientific, so I do not advocate it for everyone, but truth be told, had I used this approach over the years I would have done far better than I have done, not that I'm complaining. It's this, the right price to pay for a stock is whatever price it's trading at when you first have a great consumer experience and find a great business. Don't buy a ton, just buy a little. Get in the game, follow the story, learn. And then invest more over time if the company continues to grow and meet your expectations. I try to live a life without regrets; nevertheless, I do greatly regret that I didn't buy Dell, when I bought and loved my first Dell computer. And Schwab, when I first opened a Schwab account. And Electronic Arts, when I first played the Dr. J vs. Larry Bird PC hoops game during my undergraduate days at North Carolina, etc. I would be a far richer man today had I invested right along with my early adopter instinct, just a little bit at first and adding over time to those that went up from there.
The good news is, it's never too late to invest in great companies, so read on to see why I'm recommending Dell, now. Tom also has a brand-new pick that he believes could just about double in the next few years. We also answer your questions and recommend some of the best investment books you could read to help you beat the market. So, as Lou Rukeyser has been one to say, read it, and reap.
[...]
Well, that was a fun one to revisit, because it was really packed with things [laughs] that we can comment on now, more than 15 years later. I think the first thing I want to talk about is Dell. Dell was a great company back then, and it was a $90 billion market-cap stock, which in those early days, at least early days for Stock Advisor, there were no trillion-dollar market caps back then. And the idea of a $90 billion company was a large- to mega-cap back in 2004. Dell was a great company. However, unfortunately it did not stay great. I made a very poor stock pick with that February 2004 issue. The stock was at $33.50, it would end up declining by 44% over the course of the next four years and three months, and I eventually recommended selling it in the May 2008 Stock Advisor edition. So Dell got cut in half, [laughs] its market cap from $90 billion to $50 billion over a very bad period.
It's worth noting, by the way, that even as we did sell Dell, down 44% in 2008, five years later, the company would get taken private, and what was the market cap as it was taken private? $25 billion. In other words, Dell kept losing value. A lot of people pointed out that Dell was highlighted as a company that was brilliant at logistics -- you could order directly from Dell. This is all, kind of early days, pre-internet -- they had logistics nailed. However, part of doing that was they didn't invest a lot in innovation. Dell, as a company back then, didn't invest much in R&D (research and development), and so it was just a very efficient low-cost provider of computers which were increasingly PCs commoditized. And so, it didn't keep up with the times very well as more innovation came into the space. So eventually, Dell -- we sold disconsolately in 2008, and then it went down ultimately from there.
That's thought No. 1, Dell. Thought No. 2 is Hasbro. I mentioned that as a purchase we had made in 2003 in that essay. And Hasbro, by contrast, has been a spectacular performer. We're still holding it. It's an active pick today here in 2020, 17 years later. It's up 772%. That's way ahead of the market. In fact, Hasbro today is only around an $11 billion company, but it was just about $1.5 billion back when we first recommended the toy company that would later take some of its toys to the movie screen, when people start making movies like the Monopoly movie and other movies from Hasbro products. Not great movies, but it was a sign that Hasbro had a lot of staying power.
Another great stock I picked for Stock Advisor back then was Marvel. Marvel would really go on to move from comic books, back at the time, into the cinema. Marvel had a lot more success than Hasbro did, and obviously, ended up being a much bigger idea and a Disney buyout, and today, one of the real tentpoles of Disney's business here in 2020. But Hasbro and Dell being mentioned in that essay, contrasting them, one, a great company, and the other, Hasbro [laughs], reminds me of how unpredictable the world can be sometimes in the future. I obviously would never have expected that Dell would decline from my recommendation there, get cut in half over the succeeding years, and then be taken private about 10 years later. I am glad that Hasbro has been a stellar performer.
So, I guess point No. 3 then, after covering Dell and Hasbro, is just to talk about surprise and how the real world, i.e., how things actually play out, will often surprise you and me. It continues to surprise me. I certainly didn't predict most of what would happen in 2020 back in 2019. I had no idea. And so, you have to be ready for surprise. Surprises can be good and bad. I think a lot of us are always trying to avoid bad surprises, but if you try to avoid all surprises in life, I think you'd miss most of the best things that happen to us, both as investors and as fellow livers of life. So I think you have to be ready for surprises in both directions.
And then one other quick reflection before we get to essay No. 2, was just that section where I was talking about, hey, a great time to buy a stock is when you have that first great consumer experience. And I do still stand by that. For a lot of us, buying in thirds is not a bad way to get invested. Many people feel a little skittish to pay the multiples that they're seeing today for some of the stocks, and what you're being asked to pay for for great companies like Etsy or HubSpot today, trading at elevated multiples. Well, rather than be too paralyzed by that, we've often suggested in the past to take whatever money you'd like to invest in something, let's say, in Etsy, and let's say it's $3,000. Well, take $1,000 and invest it now. And then you could wait for the other $2,000. At least you've gotten your feet wet, you are in the game, you're starting to pay attention. And then you can add -- I do it systematically when I do this, which I don't always, but when I do, I'll say, OK, whatever it is trading at one month from today, there is my second third, and then one month after that the exact same day, my third third. I like to make it mechanical and take emotion out of it.
As I've often mentioned in the past, studies will show that just buying all at once as opposed to dividing it up into thirds and dollar-cost averaging is actually the more successful way to invest, because every day you don't invest in stocks, since the market tends to go up, you are paying an opportunity cost for waiting. But for a lot of us, we do want to wait or we need to wait or we're just learning about Dell back then, or Schwab back then, or DocuSign today. And so, for a lot of us, just getting started with a portion is what enables you to get started with that company and with investing. So I was glad to hear myself mentioning that.
And I was also playing up my own early adopter approach to life, and that remains just as true of me today. That means I have a closet full of gadgets that didn't work out [laughs] in my house, because when you're an early adopter, you're going to be buying the newest PalmPilot, even though Palms, some years later, will go out of business. But it also means that you have really good experiences with companies, like, yeah, whether it's buying your first Dell computer, when people don't really know what a Dell computer is, or really my first recommendation of Netflix, most of the world didn't know about Netflix back then. So I think being an early adopter and a Rule Breaker is really helpful.
I guess one fun fact side note I mentioned at the end of that essay, that Tom also picked a stock, which he always has, in that month for Stock Advisor, it turns out it was Regis, it was the hair salon company. And history will show that Tom picked that stock at $41.86 that same month, first Stock Advisor, and he would sell it about a year-and-a-half later. It was down a little bit. It was good he sold Regis hair salons, though, because it was still around $40 in 2005. Today, still active, it's down to about $7. So neither of us had a great stock pick that issue. I'm happy to say Motley Fool Stock Advisor is a wildly winning service, greatly outperforming the market, but we both kind of fired errant arrows [laughs] that particular month for Motley Fool Stock Advisor.
Alright. Well, now onto essay No. 2. We're traveling forward through time, so here comes our, we're traveling forward through time, music.
[...]
And we've alighted upon October 2005. Again, this was randomly rolled up by me, and it is 15 years ago this month. So it's sort of fun to think about that. This one is from Motley Fool Rule Breakers, the introduction to the October 2005 issue. It starts:
Dear, fellow Fool. When I recently tapped into the pages of Wikipedia and looked up "nanotechnology," I was startled by the image on the top of the page, so startled, in fact, that I decided Rule Breakers readers had to see it for themselves, so take a look. That giant creature is a dust mite, an organism normally invisible to our naked eyes, but massive thanks to a high-powered microscope. And just in front of him, in that picture, six nanogears. I'm guessing he's the first little dust mite in the history of creation to encounter this entirely new manmade object at his scale, the nanoscale.
Marking the end of the first year of our service in this review issue, and the beginning of the next year, I want to say three things about that image. First and most obvious, that picture will remind you that we are your nano-hub. Nanotechnology is still very early on in its technology cycle and few important public companies are focused on nanotech, for that reason we aren't yet ready to pull the trigger on many recommendations in nano, but you bet, that as this technology scales and enters ubiquity in American industry and business, we will be here helping you think through nanotechnology, pointing out the winning stocks in that area, in plain English.
The second thing I'd like to say about that photo, is that over the past year we've all, me included, been a bit like that bug coming across something new and manmade and I hope quite wonderful, for the first time. Rule Breakers has had a truly great year debuting as a world-class advisory, helping you beat the market with the best growth stocks. I hope you've enjoyed discovering us and interacting with us, I know I speak for the entire Rule Breakers team when I say that we have had a great time with you.
Third, that photograph reminds me to remind you to get psyched. As amazing as that picture is, it's just one picture, can you even begin to imagine this world we're moving into? Are you ready to quest with us to find tomorrow's new leaders a day early, hunting for the Rule Breakers? Thanks for your commitment in this first year, particularly thanks to those who created value for all of us via our discussion boards, indeed, we're going to welcome a few of them on to our team, we'll talk about that next issue, every post is appreciated. In the meantime, this issue reviews all existing Rule Breakers picks, have at it and Fool on!
[...]
All right. Well, now back in the modern day. My first reflection on this... there's an old joke that scientists make; [laughs] unfortunately, it's just as funny and true in 2020 as it was in 2005. Nanotechnology has been five years away for 35 years. [laughs] So reflection No. 1 about that essay, I'm saying we are your nano-hub. In fact, we did debut a feature, a regular monthly feature in Rule Breakers in the year 2005, it was called Nanotech Universe, and each month, our two correspondents, Carl Wherrett and John Yelovich, just outside contractors contributing their viewpoint to Motley Fool Rule Breakers, would talk some about where nanotechnology was and what was happening. And sure enough, there were some interesting companies doing business there. We never ended up picking many or any of them really for Motley Fool Rule Breakers, and here we are in 2020, and I'm still wondering where is nanotech today? [laughs] Seems like it's five years away. It is amazing.
I did go into Wikipedia to check the nanotechnology entry. There is no sign of that picture that I was referencing 15 years ago, but then again, after 15 years, Wikipedia entries probably do change. But I do remember the picture -- it was an amazing picture of a dust mite encountering nanogears, man-made objects, at the nano level.
So reflection No. 1 -- nanotechnology remains five years away. It is enticing, though, everything from better fabrics to -- you know, I'm thinking about the 5-Stock Sampler I picked most recently. It was 5 Stocks Indistinguishable from Magic, and there I was talking about ASML Corp. and its extreme-ultraviolet lithography and how it's operating at the tiniest level. Indistinguishable from magic, as Arthur C. Clarke said, and that's the way nanotech continues to feel to me.
The problem is, it really is not much more than just magic, something fantastic that doesn't actually exist because it really still -- even though people I know that are hearing me right now, some of you working in labs working with nanotech. So you're here saying, Dave, listen, it is real, I'm working on it, but it clearly hasn't deployed itself yet in a ubiquitous, meaningful way within our culture. So thought No. 1 -- we are your nano-hub. Yeah, within a few years, I think we discontinued our nanotech universe articles. Carl and John were doing a great job with them, but it just didn't seem like there was that much to talk about.
Reflection No. 2 -- I do want to underline what Carl and John brought. We've lost track of Carl Wherrett over the years, but I'm happy to say, John Yelovich remains a wonderful contributor to the Motley Fool community in lots of different ways. His screen name I see is CMFBreakerJohn2 on our discussion boards. I see he just posted on the Roku board today, 15 years later. But Carl and John occasionally were asked to provide a stock thought or recommendation or two, and I'm really happy I listened to them in 2005, because they started talking about a company called Universal Display (NASDAQ: OLED), ticker symbol OLED. Yep, as in that OLED.
So back in 2005, LCD televisions, do you member those? Liquid Crystal Diode televisions were all the rage. They were the high-definition televisions of choice. They were also much more affordable back then, but Universal Display, little Universal Display, became a stock recommendation in 2005, and its partner Samsung has gone on to make OLED big time. It's amazing to think back now on what were OLED's numbers as we recommended them in Rule Breakers. Well, their 2004 sales were $7 million. Yup, that was their sales top line, and they lost $17 million. Their R&D budget was larger than their sales. And that may have seemed upside-down and a crazy stock to recommend. But now happy to see, 15 years later this month, OLED is now up 1,961%, a 20-bagger for Motley Fool Rule Breakers. The market up 300% over that time, an absolute market crusher, as OLED technology is ubiquitous and beautiful for displays of many types today, including smartphone displays. So thank you again to John Yelovich and Carl Wherrett. They have the byline on that pick in Motley Fool Rule Breakers. Universal Display, that's thought No. 2.
Thought No. 3 about that essay. I briefly used a phrase I no longer use. I said "growth stocks." Now, for years on this podcast and years before this podcast, I've said that I don't use that phrase. That's not how I think about the world. I don't think there are growth stocks and value stocks. Nope. I also don't say I'm a growth investor or she's a value investor. Nope. I don't think those are good descriptors -- they're bland labels. There's some baggage tied up around them, they don't mean a lot to me. And when people say, studies show that one type of stock outperforms another, I'm always suspicious, wondering exactly how we are categorizing what is a growth stock or a value stock. But I must admit, in this 2005 essay, I used the phrase growth stocks. So presumably, I was still rocking it in the first 10 years of The Motley Fool back then, but I have certainly thrown off that mortal coil since.
And my final reflection about that essay is, probably just at the end of it, I was celebrating and saying, get psyched about the world we're moving into. And I think that has been the right mentality. Back in 2005, 15 years ago this month, we didn't know about cloud computing, we didn't know that Hepatitis C would be cured, we didn't know that electric vehicles would ever be a thing, let alone be "the thing," it seems these days, and many other changes besides.
Yes, there have been some tough years, including this one, since 2005, but that basic optimism, I think, is the right approach to take in every year. Yep, even through the bad ones. And so, continuing to ask here, in October 2020, what's a stock, what's an exciting new technology or company that you and I want to get invested in, become part owners of, that is our orientation, always will be for Rule Breaker investors.
All right. Let's move forward now to essay No. 3.
[...]
We're going to jump forward almost four years; it's going to be the March 2009 issue of Motley Fool Rule Breakers. This essay, written a few weeks before in February, was entitled Our Community Comes Through.
A year-and-a-half ago, we started an experiment. We knew our Rule Breakers community was smart. You include many working professionals in the high-tech arena, many retired professionals who know business and investing, and we'd be fools not to listen to you more often. And that was the idea behind our first "take that" contest. We suspected there was at least one company on our scorecard that you thought we should sell, so we asked you to submit your arguments for why it would underperform the market, we asked you to help us figure out which company was most deserving of, in modern parlance, being voted off the island. Your choice was XM Satellite Radio, we tallied your votes and recommended selling the stock on Nov. 15, 2006, when it traded at $14.85. XM has since merged with Sirius, and the combined entity now trades for $0.10/share and just narrowly avoided bankruptcy. Take that, our contest really, really worked.
At the time some of our members didn't like the contest, I disagreed and I continue to disagree, you either believe in community intelligence or you don't, you either believe that our membership, our Rule Breakers community, is an incredible asset, full of knowledge and insights that can improve your investing, or by contrast, you think it's just another heard doomed to make bad decisions. You know my position, much of The Motley Fool, and particularly our CAPS platform, at CAPS.Fool.com, exhibits and asserts, as it has for 16 years, the crowds have wisdom, particularly, our crowd.
Now, you've told us to take that again. It was harder to find enthusiastic nominations in this latest go around, you may have felt that many of our stocks are too cheap to part ways with, and with this I agree. How could I not, with so many stocks down so far, despite impressive profits among what I consider future industry leaders? I have no interest in selling my Blue Nile, by Bankrate, my Baidu, each is a Rule Breaker and each is part of my personal portfolio, but in particular, an entry by AirForceFool, that's the screen name of one of our members, about TASER, ticker symbol back then TASR, caught my attention, and caught many of yours as well. His argument to sell wasn't based on TASER's innovative products or technology, nor does he disagree with most of the rule breaking aspects of the company, but he argues, most cogently, that TASER's management has so little focus on shareholders that it's failed to create value for years, and that the condition will persist. Our community voted this the top entry to Take That. I agree, if with some bittersweet-ness, as I originally picked TASER and I own shares myself. And we're recommending that you sell TASER, as Tim Beyers explains in the issue. I think it's the right call and that the power of community will prove right once again.
Fool on!
[...]
Well, my first reflection is I feel just the same way about the Motley Fool community in 2020 as I did back in 2009. It was funny to think we were running the Take That contest -- I'll explain a little bit more about that in a sec -- in the face of a stock market that had sold all of our stock, in many cases, down 75% or more in the horrendous market of 2008-2009. And in fact, this issue came out at almost the market bottom. And there I was, disconsolately deciding, yes, we'll just go ahead and sell TASER, because that XM Satellite Radio contest winner or loser, if you will, from a few years back, had really nosedived, and I do believe in our community's intelligence.
A bit about the Take That contest. It's something we don't do anymore at Rule Breakers, and I'm actually scratching my head as to why. I love the idea of it. We definitely did it for years after that, at some point, maybe it was a changeover in who was helping oversee the service and I took my eye off the ball. I'm not sure why, but I still love the idea. And maybe we'll reinvigorate it here in the year ahead of the Take That contest -- namely, one where you, as a Rule Breaker member, and I know many of you listening to me right now can look up and down our scorecard and say, hey, Dave and team, I really think this one [laughs] is a bad stock pick and is not going to beat the market from here. And then having our community vote and acting on that. Well, that's how Take That worked.
An additional reflection, of course, is about XM and Sirius Satellite Radio. [laughs] I mean, what a crazy stock chart it is, if you just look up SIRI, which is today the still active public company that is a merger of XM and Sirius and Pandora, if you just look at the stock chart over the last 20 years.
In the mid-90s the stock was in single digits, kind of a penny stock, and people were still trying to figure out whether satellite radio is for real. Starting from that single-digit stock, which is often enticing to newer investors who love to see lower-priced stocks, it became a darling. The stock went from about $5 at the start of 1996 and it topped $70 at the height of the dot-com era in March of 2000. And it would go from $70 down to nearly $0 in the years after that. And frankly, it's not that much higher years and years later today; as I record this episode, Tuesday afternoon, it's just over $5.5/share. So it had one amazing move from 1996 to the year 2000, and since then, it's kind of been dead money.
Another reflection, I have to mention it's an active stock right now on Motley Fool Rule Breakers. If we do reinvigorate the Take That contest again, it might be high up on people's list. Why do we have it in Motley Fool Rule Breakers? Well, we had Pandora. Pandora was a 2013 selection. And it was initially a winner and then a loser, and just generally an OK performer for us for five years or so, but then got bought out by Sirius XM (NASDAQ: SIRI) in 2018, and so we just rolled, as we are want to do, we rolled our Pandora shares into ticker symbol SIRI, and we have held them since.
I regret to update the story and let you know that entire Pandora investment, which was initiated my pick on June 26 of 2013, from that point, including Sirius XM today, so if you just held dollars all the way through from June of 2013 to today, you would be down 54%, and the market over that the time is up 146%. If you're doing the math with me, that means you're exactly 200% behind the market averages, behind the index fund with that very poor stock pick of mine, Pandora transitioning into Sirius XM. And speaking of Sirius, I need to take a serious look again at that company.
One final reflection about this essay, how could we not talk some about TASER? Yep, we did sell TASER from Motley Fool Rule Breakers reacting to the Take That contest of that year of 2009. It hurt a little bit, it was a double-wreck of mine at the time, but it was also quite a loser. I had initially recommended it at $28/share, it dropped dramatically, and I decided it will come back, so I added to a loser, which I've done very seldom ever since. So, from $28 then to $9, we eventually sold it under $5 with that Take That contest in that issue in March of 2009.
2010, and '11, and '12 -- it was still pretty much right there at about $5/share. The market was recovering, TASER was not, but in 2013, '14, and '15, all of a sudden, with really the same management in place and the same technology primarily powering the stock, although the company began to get into police body cameras, the stock was rising from $5 and up to $23 in 2015. And I just decided at that point, let's reenter TASER.
It was still TASER International; the ticker symbol was still TASR. One of the two brothers who had been running the company years before had moved on. Clearly, the world was starting to believe in TASER. Do you remember how many negative articles that were written, headlines about how tasers kill and how they're not safe. And while that is tragically true in some rare circumstances, it's now evident that they are much better [laughs] in many cases than firing real bullets. And many of the problems we still have today -- boy! I wish people were being tased instead of shot. I think that leads to a better world.
Anyway, we recommended TASER October of 2015, so five years ago this month, at $23. In 2017, with its new police body camera business, Axon Enterprise, [Axon] (sic) the company changed its name to Axon International, [Axon Enterprise] (NASDAQ: AAXN) (sic) which is what it is today, ticker symbol AAXN. And then in 2018, with the stock having risen from $23 to $43, I decided to add to our winner and I officially rerec'd that month for Motley Fool Rule Breakers. Well, I'm delighted to report that TASER/Axon Enterprise today is at $94. So it was a great buy at $23 in 2015. A great buy at $43 in 2018. Was it a great sell at $5 in 2009? Well, it seemed that way for several years, but now looking backwards from the future, that would have been a great time to buy the stock. So maybe Take That doesn't work every time, and certainly, community intelligence won't work every time. And my picking, as is clearly evident with Pandora, is not right every time.
But here again we see that the benefits of finding a winner, whether we're talking about Universal Display from the previous essay or in this case, Axon Enterprise, the winner so far wipes out the losses you have in your losers that it really is reminding us that stock-picking is about finding the winners. You know, buy-and-hold investing doesn't work on its own. And compounded returns don't just happen at any good number -- you actually have to find the great companies to make buy-to-hold investing and compounding returns work.
And I'm happy to say that through the Rule Breaker traits that I'm constantly talking about on this podcast, whether we're talking about the companies themselves or the traits you need to exhibit as an investor, these work. And one thing we're reminded as we go over Essays from Yesterday is, they work over time.
I hope you're having as much fun as I am, or at least half as much fun as I am going back through time and then forward through time, thinking about the conditions of the investing world and what we were saying back then, and then reflecting on it today and the lessons that we're learning. Well, my fourth and final essay is probably my favorite essay from these four -- Rick, we're going to move through time again.
[...]
But not that far -- we're going to alight in June 2010. This is another Rule Breakers essay, I actually wrote it on May 26th, 2010 for the June Issue, so-called, and it was entitled by my editor, A Lesson from An Investing Deadhead, here we go:
I honestly can't name a single one of their songs, but I'm still a big fan of the Grateful Dead. No, it's not because the Grateful Dead songbook album cover features a jester. I'm a deadhead because of the band's business brilliance. Jerry Garcia and his bandmates understood open source, the free sharing of information decades before the concept gained popularity. Don't let the bands 1970s psychedelic vibe obscure the incredibly savvy business thinking behind this concept, by welcoming the sharing of their music. Garcia and his bandmates unleash the power of open source, enabling fans to share the band's music with one another and with new listeners.
For the past six months, I have repeated a quote from Garcia so much that it's become one of my mantras as an investor: "You do not merely want to be considered just the best of the best; you want to be considered the only ones who do what you do." Why do I love this quote, why can I be heard repeating it in the halls of Fool Headquarters, in meetings and in speeches around the country? Because it reminds us to be what only we can be. In our quest for great purpose and profit, we need to find what makes us unique, our vision, our passions and even our idiosyncrasies. Connect this concept with a commandment from internet marketing wiz Seth Godin, who tells businesses to take their edge to the edge. That's exactly what the members of the Grateful Dead did by open sourcing. It was their edge, their unique vision, and they took that willingness to share freely to the edge. The result was blowout success, the stuff of history books.
There's an investment lesson here, find and invest in companies that are the only ones doing what they do. Many of our Rule Breakers fit this bill. Have you looked at OpenTable recently? At its scale, the company really is the only one doing what it does. I believe the same to be true for Vistaprint, and one of this month's new recommendations EnerNOC. My mantra is not an acid test for instant investment success, but it is an excellent guidepost for investors, especially Rule Breakers.
The Grateful Dead performed approximately 2,350 shows, and because of the band's stance on open sourcing, nearly 2,200 were taped. These recordings will provide the Dead with a legacy that will last long after the other members joined Jerry in that big tour bus in the sky. This staying power, the kind that only comes from being an innovator, is something we should look for in the companies we invest in.
So, thanks, Jerry, and wherever you are, Fool on!
[...]
Well, in retrospect I think that was a special essay, at least it was special to me, because I now see that the very first Great Quotes, Vol. 1 episode, we've done 15 or 16 of them at this point, over five years. But the very first one -- the Jerry Garcia quote was right in there. So I was obviously licking my chops as we opened up this podcast. It was December of 2015 when we did our first Great Quotes, and one of the first five that came to my mind was that great quote from Jerry Garcia.
The date, by the way, if anybody would enjoy hearing those first five great quotes again, was the December 16th, 2015 edition of Rule Breaker Investing. Also, Seth Godin is mentioned in this essay, and Seth Godin was a guest on this podcast on August 1st, 2018. So, a couple of years ago, he opened up my Authors in August in 2018. In fact, I think that was my first Authors in August. So my first great quote was Jerry Garcia, my first Authors in August was Seth Godin. And there they were both making the appearance in this essay to kick off Rule Breakers in 2010.
I have to mention that in the very first line of that essay, you may have heard me say, and the pedants among us, and those who are fans of my own pedantry can't help but notice that I lead off with, I honestly can't name a single one of their songs, but I'm still a big fan of The Grateful Dead. Well, I have certainly invade against the use of the word "honestly" or "frankly" or any of those catch phrases we use, which really are unnecessary, and as I've often tried to wonder aloud, makes me think, were you not always being honest with me, friend, if you're telling me "honestly" right now? And so, we've certainly had fun with that on a past pet-peeve podcast. I apologize that I stepped into my own pet peeve there in 2010; clearly, I'd be getting much smarter in the following 10 years.
It's also fun to think about the three stocks mentioned in that essay. Two of them, kind of losers. Vistaprint, which became Cimpress, which is no longer in Motley Fool Rule Breakers, we sold that as just a poor performer, and EnerNOC, which really was a bad stock. I think I picked it back in 2012, it was cut in half and bought out by an Italian company a few years later. But here again, if you bought the third one, OpenTable, which I kind of opened up with, well, that's been a spectacular performer for Motley Fool Rule Breakers, or was because, having picked it in 2009 and watch it go up a few times in value, it was bought by Booking, or Priceline at the time, but Booking Holdings. Today in 2014, it's gone up another 50% or so since.
So, here again, if you had bought those three as a basket, OpenTable leads you to market-beating returns, even adding in Vistaprint and EnerNOC. But we're not going to focus on those three stocks or any group of three stocks or any 5-Stock Sampler. Nope. With our closing reflection on this essay, let's focus on the critical point. And that is this idea of not trying to be the best at what you do, but trying to be the only one doing what you're doing. I'm quite sure I said something similar when I first rocked this one on Great Quotes, Vol. 1 back in December of 2015, so maybe I'm repeating myself today. But I've often asked myself, whenever I'm looking at a company, if they're the Coca-Cola of the industry, like, if they're a big player, can I find a Pepsi? [PepsiCo] Now, in many industries, including beverages, there is a Pepsi. But in some of my favorite situations, when we're looking at Rule Breakers and you're finding a top dog and first mover in an important emerging industry, sometimes you can't find any Pepsi. I certainly couldn't, back in the day, when I found Netflix. I guess you could have kind of said that Blockbuster was sort of a Pepsi, but no, Netflix was an upstart, tiny compared to Blockbuster. And Blockbuster was demeaning Netflix's approach to mailing DVDs using a queue on the internet, but using the U.S. mail service to get you your movies when you could just drop it off at the Blockbuster on the corner. And a lot of people didn't believe streaming would work out too well, either, and wow! -- has it ever so.
As I continue to look around at stocks today, I often ask myself, where's the Pepsi? And when I can't find one, I'm reminded that that company is probably conforming to Jerry Garcia's dictum to be the only one doing what you're doing. You know, Rule Breaker trait No. 2 is competitive advantage, and one of the best ones is when no one can even play the game that you're playing. And even as I look at Amazon today, as large as it is, working across multiple industries, it has Whole Foods, for goodness sake. There really isn't any company that's doing what Amazon is doing today. And what a spectacular stock it's been.
So Jerry Garcia's line is sometimes also attributed to his band leader, but their practice of open source, go ahead, bootleg our concerts. Share it out. So contrary, so Foolish at the time, I love seeing that same vibe in some of our best Rule Breakers.
Well, a reminder. Next week, it's Mental Tips, Tricks, and Life Hacks. And I'll be providing some of mine as I always do, but I really want some of yours. And in fact, just send me your best, because that's what we focus on, on this podcast. So, RBI@fool.com is our mailing address. Mental Tips, Tricks, and Life Hacks next week.
And if any of the essays from today or reflections on it spur additional thinking and you want to drop me a line, of course, RBI@fool.com is the email address we use for our mailbag episode at the end of this month.
Well, I hope you have a great week, wash your darn hands! Stay Foolish out there. Fool on!
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. David Gardner owns shares of Amazon, Booking Holdings, Netflix, and Walt Disney. The Motley Fool owns shares of and recommends Amazon, ASML Holding, Axon Enterprise, Booking Holdings, DocuSign, Etsy, Hasbro, HubSpot, Netflix, Roku, Universal Display, and Walt Disney. The Motley Fool recommends Charles Schwab, Electronic Arts, and Sirius XM Radio and recommends the following options: long January 2021 $60 calls on Walt Disney, short January 2022 $1940 calls on Amazon, long January 2022 $1920 calls on Amazon, and short October 2020 $125 calls on Walt Disney. 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, by contrast, I'm recommending Dell (NYSE: DELL) in this issue, which trades at a higher multiple than its growth rate, so what's up with that? But Dell is one of the best companies in America, and such companies will almost always break the rule I just gave you and some still perform well over long periods of time; that's what greatness means. Hasbro is a fine company, but definitely not in Dell's category where you'll "overpay" to own the stock, because of its premier status.
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Now, by contrast, I'm recommending Dell (NYSE: DELL) in this issue, which trades at a higher multiple than its growth rate, so what's up with that? But Dell is one of the best companies in America, and such companies will almost always break the rule I just gave you and some still perform well over long periods of time; that's what greatness means. Hasbro is a fine company, but definitely not in Dell's category where you'll "overpay" to own the stock, because of its premier status.
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Dell was a great company back then, and it was a $90 billion market-cap stock, which in those early days, at least early days for Stock Advisor, there were no trillion-dollar market caps back then. Now, by contrast, I'm recommending Dell (NYSE: DELL) in this issue, which trades at a higher multiple than its growth rate, so what's up with that? But Dell is one of the best companies in America, and such companies will almost always break the rule I just gave you and some still perform well over long periods of time; that's what greatness means.
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Dell was a great company. Now, by contrast, I'm recommending Dell (NYSE: DELL) in this issue, which trades at a higher multiple than its growth rate, so what's up with that? But Dell is one of the best companies in America, and such companies will almost always break the rule I just gave you and some still perform well over long periods of time; that's what greatness means.
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1ef7b998-3868-41b5-aa6f-4e81bb7cef78
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726082.0
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2020-10-13 00:00:00 UTC
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PC Volumes Surge in Q3 From Remote-Work Boom
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DELL
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https://www.nasdaq.com/articles/pc-volumes-surge-in-q3-from-remote-work-boom-2020-10-13
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nan
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nan
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The COVID-19 pandemic has catalyzed a secular shift to remote work, and all those employees need computers to stay productive. PC volumes surged in the third quarter due to that trend, according to recent estimates from market researcher Canalys. Worldwide unit volumes jumped 13% to 79.2 million, the strongest growth that the PC market has seen in a decade.
Here's who came out on top.
COVID-19 has caused a broad shift to remote work. Image source: Getty Images.
Remote work is here to stay
Companies and workers are investing heavily in remote-work setups, with demand concentrated in laptops and mobile workstations. Laptop volumes hit 64 million, approaching the current quarterly record set in Q4 2011, while desktop units declined by 26%. Here are the top vendors for the third quarter.
VENDOR
Q3 2020 SHIPMENTS
Q3 2020 MARKET SHARE
GROWTH (YOY)
Lenovo
19.3 million
24.3%
11.4%
HP (NYSE: HPQ)
18.7 million
23.6%
11.9%
Dell (NYSE: DELL)
12 million
15.1%
(0.5%)
Apple (NASDAQ: AAPL)
6.4 million
8.1%
13.2%
Acer
5.6 million
7.1%
15%
Others
17.3 million
21.8%
25.8%
Total
79.2 million
100%
12.7%
Data source: Canalys. YOY = year over year.
Dell was the only vendor that saw unit volumes stagnate. The other top players enjoyed double-digit growth.
Apple is expected to formally announce its first Mac powered by Apple silicon in November, Bloomberg reports. The Cupertino tech giant had laid out its plans for that transition, which should take about two years, over the summer. Apple is hosting its virtual iPhone event later today.
Much of the consumer electronics supply chain was disrupted during the early stages of the outbreak, but manufacturers have been ramping production back up in recent months. Many schools have also been scrambling to secure notebook computers for students that are learning remotely. The economy has fallen into a recession during the crisis, and Canalys expects IT spending to help drive the economic recovery.
"Vendors, the supply chain, and the channel have now had time to find their feet and allocate resources toward supplying notebooks, which continue to see massive demand from both businesses and consumers," Canalys analyst Ishan Dutt commented in a release. "After prioritizing high-value markets and large customers in Q2, vendors have now been able to turn their attention to supplying a wider range of countries as well as [small and medium-sized businesses] that faced difficulty securing devices earlier this year."
The market researcher expects the pandemic to have "lasting effects" on how people work and learn, which could provide opportunities for PC makers for years. Additionally, collaboration accessories will also enjoy robust demand, and companies will need to focus on cybersecurity for all those remote devices.
Looking ahead, PC demand in the fourth quarter is expected to shift from commercial customers to consumers that are buying gifts over the holidays, according to Canalys.
10 stocks we like better than Apple
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*Stock Advisor returns as of September 24, 2020
Evan Niu, CFA owns shares of Apple. The Motley Fool owns shares of and recommends 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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18.7 million 23.6% 11.9% Dell (NYSE: DELL) 12 million 15.1% (0.5%) Apple (NASDAQ: AAPL) 6.4 million 8.1% 13.2% Acer 5.6 million 7.1% 15% Others 17.3 million 21.8% 25.8% Total 79.2 million 100% 12.7% Data source: Canalys. Dell was the only vendor that saw unit volumes stagnate. Remote work is here to stay Companies and workers are investing heavily in remote-work setups, with demand concentrated in laptops and mobile workstations.
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18.7 million 23.6% 11.9% Dell (NYSE: DELL) 12 million 15.1% (0.5%) Apple (NASDAQ: AAPL) 6.4 million 8.1% 13.2% Acer 5.6 million 7.1% 15% Others 17.3 million 21.8% 25.8% Total 79.2 million 100% 12.7% Data source: Canalys. Dell was the only vendor that saw unit volumes stagnate. Looking ahead, PC demand in the fourth quarter is expected to shift from commercial customers to consumers that are buying gifts over the holidays, according to Canalys.
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18.7 million 23.6% 11.9% Dell (NYSE: DELL) 12 million 15.1% (0.5%) Apple (NASDAQ: AAPL) 6.4 million 8.1% 13.2% Acer 5.6 million 7.1% 15% Others 17.3 million 21.8% 25.8% Total 79.2 million 100% 12.7% Data source: Canalys. Dell was the only vendor that saw unit volumes stagnate. "Vendors, the supply chain, and the channel have now had time to find their feet and allocate resources toward supplying notebooks, which continue to see massive demand from both businesses and consumers," Canalys analyst Ishan Dutt commented in a release.
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18.7 million 23.6% 11.9% Dell (NYSE: DELL) 12 million 15.1% (0.5%) Apple (NASDAQ: AAPL) 6.4 million 8.1% 13.2% Acer 5.6 million 7.1% 15% Others 17.3 million 21.8% 25.8% Total 79.2 million 100% 12.7% Data source: Canalys. Dell was the only vendor that saw unit volumes stagnate. The COVID-19 pandemic has catalyzed a secular shift to remote work, and all those employees need computers to stay productive.
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0dcb47c4-98e4-42ac-9596-7c392f18d9ad
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726083.0
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2020-10-13 00:00:00 UTC
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Dell Stock Looks Like A Bargain Compared To Apple
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DELL
|
https://www.nasdaq.com/articles/dell-stock-looks-like-a-bargain-compared-to-apple-2020-10-13
|
nan
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nan
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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 companyâs 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, letâs 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
Dellâs Revenues of about $92 billion in FYâ20 are roughly one-third of Appleâs Revenues. Appleâs revenues over the last four quarters were $274 billion. That said, Dellâs growth has been higher than Appleâs over the last three years driven partly by the acquisitions of EMC (which closed in mid FYâ17). Revenue expanding at an average rate of 14% per year (from $62.2 billion in FYâ17 to $92 billion in FYâ20), versus about 6% for Apple.
Dellâs growth was driven by the Infrastructure Solutions business, which sells storage solutions and servers. Revenues for the segment expanded from $22 billion in FYâ17 to about $34 billion in FYâ20, 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 â which sells cloud computing and virtualization software and services â 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: Whatâs Big & Whatâs Changed?)
2. Returns (Profits)
Coming to Returns, Dellâs Net Income Margins stand at about 6%, while Apple, with Net Income Margins exceeding 20%, is an icon of profitability. Appleâs 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, Appleâs returns have remained flat or declined, over the last few years, while Dellâs Return metrics have been improving. Further, itâs possible that the company could expand margins going forward, via higher software-related sales.
Dellâs Operating Cash Flow margins stood at about 10% in FYâ2020, up from 4.2% in FYâ2016. In contrast, the metric stood at 27% for Apple in 2019, down from around 31% in FYâ16.
Dellâs Return on Invested Capital (ROIC) â which is Net Income divided by total Equity and Debt â was about 8% in FYâ20, compared to Appleâs ROIC of about 21%.
3. Risk
While Apple is very well-capitalized with an incredible cash pile in excess of $190 billion, Dellâs metrics are less comforting considering its massive debt load of over $50 billion.
Specifically, Dellâs Debt to Equity â which is the ratio of total Long and Short-term Debt to Market Cap â stands at about 110% based on its current market cap and Q2 FYâ21 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, Dellâs 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. Appleâs P/S has risen from 3.7x in 2017 to about 7.5x currently, while Dellâs has declined to 0.6x. Sure, Dell has significantly more leverage, and its business and corporate structure probably arenât as straightforward for investors to understand, but valuations are looking attractive. Dellâs 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 Dellâs stake is valued at $50 billion. Thatâs roughly in line with Dellâs current market cap, meaning that investors could essentially be getting the rest of the business for free.
What if youâre looking for a more balanced portfolio instead? Hereâs 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
Whatâs behind Trefis? See How Itâs 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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Dellâs improving returns and moves to combine hardware sales with its cloud-centric software to drive growth are significant positives. 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. While Dell is one of the dominant players in the enterprise IT and cloud space, the companyâs 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.
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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. Returns (Profits) Coming to Returns, Dellâs Net Income Margins stand at about 6%, while Apple, with Net Income Margins exceeding 20%, is an icon of profitability. 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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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. While Dell is one of the dominant players in the enterprise IT and cloud space, the companyâs 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.
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However, Appleâs returns have remained flat or declined, over the last few years, while Dellâs Return metrics have been improving. In comparison, Dellâs cash position stood at about $12 billion in the most recent quarter, with a Cash to Total Assets ratio of about 10%. 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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94029d46-4fd3-48b1-b448-38a5e9dfc4e1
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726084.0
|
2020-10-12 00:00:00 UTC
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7 Value Stocks to Buy That Are Outperforming Growth Plays
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DELL
|
https://www.nasdaq.com/articles/7-value-stocks-to-buy-that-are-outperforming-growth-plays-2020-10-12
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Growth stocks have had a spectacular year, especially for those companies that are building next-generation technologies. Just some of the names include Datadog (NASDAQ:DDOG), Okta (NASDAQ:OKTA), DocuSign (NASDAQ:DOCU) and of course, Zoom Video Communications (NASDAQ:ZM). But then again, the valuations are really getting stretched. And that’s why it makes sense to start considering value stocks.
For the most part, markets periodically go through times of rotation. It’s healthy. It’s a way to bring reasonable balance to the markets.
Interestingly enough, there are already signs of a move toward value stocks. In some cases, the returns have been looking more like what you would see with growth stocks!
So then, what are some names to consider? Well, I have put together a list of seven companies that have strong fundamentals and should benefit from longer-term positive trends. They have also been able to post nice returns lately.
7 Internet Of Things Stocks To Buy For 2021 And Beyond
Let’s take a look at these seven value stocks:
NCR (NYSE:NCR)
Dell Technologies (NYSE:DELL)
Penske Automotive Group (NYSE:PAG)
Insight Enterprises (NASDAQ:NSIT)
Kinross Gold (NYSE:KGC)
Evercore (NYSE:EVR)
PennyMac Financial Services (NYSE:PFSI)
Value Stocks: NCR (NCR)
NCR) office in Prague." width="300" height="169">Source: BalkansCat / Shutterstock.com
NCR has a storied history, with the company’s roots going back 135 years. As of now, it is global leader in point-of-sale (POS) software for the retail and hospitality industries, as well as the No. 1 player in multi-vendor ATM software.
But NCR has had to deal with disruptive startups and industry changes. Moreover, the novel coronavirus pandemic has taken a toll.
Yet investors should be confident in the prospects of NCR. During the past two years, the company has been engaged in a major restructuring. This has included both cost cutting and changes in the business. For example, a large amount of the revenue base has been transitioned to recurring subscriptions. Keep in mind that this strategy has rejuvenated other legacy tech companies like Adobe (NASDAQ:ADBE) and even Microsoft (NASDAQ:MSFT).
NCR stock should also benefit from the company’s innovations with contactless technologies. The company has systems for self-service and low-contact checkout. Last month, NCR also launched a sophisticated mobile app system to accept payments. Then there was a deal with Microsoft, which leverages the Azure platform to provide in depth analytics for NCR’s Digital Connected Services internet of things (IOT) management software platform.
Dell Technologies (DELL)
DELL) Technologies Display and Logo" width="300" height="169">Source: Jonathan Weiss / Shutterstock.com
Wall Street has little enthusiasm for old-line computer hardware companies. The margins are generally low and the markets tend to be commoditized.
This certainly helps to explain the dirt-cheap valuation on DELL stock. Consider that the forward price-earnings ratio is only 10.4x.
But lately, DELL stock has actually been in the bull mode. It seems that the valuation has been way too low.
It’s important to note that — over the years — Dell has been diversifying its business through acquisitions. The result is that the company has more software assets, which has helped with growth. But perhaps biggest catalyst for DELL stock is the spinoff of VMware (NYSE:VMW). The company is a leader in the market for virtualization of IT systems. It’s a lucrative market with juicy margins.
The current market capitalization of VMW stock is roughly $64 billion and Dell’s is only $50 billion –even though it owns 81% of the stock! So yes, it seems likely that there will be continued bull moves in Dell stock to make up for the valuation gap.
Value Stocks: Penske Automotive Group (PAG)
PAG) store in Indianapolis, Indiana." width="300" height="169">Source: Jonathan Weiss / Shutterstock.com
Penske Automotive Group is the second-largest auto dealership in the United States, with sales of $20.6 billion last year and 321 retail franchises. The company also has a strong footprint of truck dealerships.
While PAG stock has climbed recently, the valuation is still relatively low. The forward price-earnings ratio is 11.1x, making the company an interesting value stock. A big issue is that a majority of the business is from the U.S. market, which has seen a stalling of the economy because of the novel coronavirus.
But the company has been taking swift actions. In the latest quarter, there was notable progress with sales. PAG has also been aggressive in cutting back costs.
In the meantime, the company has been getting more serious about its digital efforts. For example, PAG has about 42,000 vehicles online and has been using social media and video to help with sales. Then there has been the implementation of infrastructure to allow for virtual transactions, such as with digital signatures.
But with PAG stock, the key advantage is the massive scale and liquidity. This means that the company can capitalize on this with M&A dealmaking.
According to Roger Penske on the latestearnings call “We’ve got some truck retail, big truck operations that would be potential acquisitions this year. There’s no question about it and then our continued investment in the supercenter.”
Insight Enterprises (NSIT)
NSIT) is displayed on a smartphone screen in front of an American flag." width="300" height="169">Source: IgorGolovniov / Shutterstock.com
Insight Enterprises, which is an IT consulting and services firm, got its start in 1988. The co-founders, brothers Tim and Eric Crown, got the idea for their business when they did a college assignment. For the funding, they would get a cash advance on a credit card.
Fast forward to today: NSIT generates about $2 billion per quarter and has operations across the globe. There are over 11,000 employees.
While the IT consulting market is highly competitive, NSIT has been savvy with acquisitions to evolve its services. Note that the company helps with areas like the data center and cloud, supply-chain optimization and digital innovation. Just some of the partners include Intel (NASDAQ:INTC), Microsoft, Cisco (NASDAQ:CSCO) and Oracle (NYSE:ORCL).
The latest deal was for PCM, which has specialties like digital transformation, security and procurement. The transaction is expected to result in annual cost savings of $70 million for the next two years.
In terms of the valuation for NSIT stock, it is at reasonable levels. The forward price-earnings ratio is 9.8x.
Value Stocks: Kinross Gold (KGC)
Source: Shutterstock
While the price of gold is off its highs, the commodity is still up about 26% for the past year. There are a variety of drivers. With rock-bottom interest rates, there are growing fears of inflation. There are also worries about the Federal Reserve’s balance sheet as well as the value of the U.S. dollar.
A way to play this — and hedge some of the potential problems — is to buy a gold stock. And a good option is KGC stock.
The company has a diverse platform, with mines and projects in the United States, Brazil, Chile, Russia and Ghana. KGC also has a solid balance sheet, with $2.3 billion in liquidity.
But the real key is the underlying operating leverage. The fact is that even small moves in the price of gold can lead to nice increases in earnings.
As for the valuation of KGC, it is at an attractive 10.9x. There is even a modest dividend yield of 1.4%.
Evercore (EVR)
Source: Shutterstock
Evercore is one of Wall Street’s top investment bankers. But this year, with the Covid-19 pandemic, there has been a plunge in M&A activity, which has weighed on the firm’s results.
However, there have been some offsetting factors. Evercore has benefited from its underwriting business, as there has been a spike in IPOs. For the first half of this year, the fees jumped by over 160% to $114.7 million. In the meantime, there has been a uptick in the number of assignments for restructuring projects.
Yet it looks like M&A may be making a comeback. According to the most recentearnings callfrom Evercore, there has been more discussion and exploration for strategic deals. It certainly helps that equity markets remain strong and there has been access to liquidity from the credit markets.
What about the valuation on EVR stock? It’s definitely at value stock levels, with the price-earnings ratio below 15x.
Value Stocks: PennyMac Financial Services (PFSI)
Source: Shutterstock
PennyMac Financial Services is the fourth-largest originator and eighth-largest servicer of mortgages in the U.S. The company is also the No. 1 government loan lender.
And given that interest rates are at low levels, the business has been booming. It also helps that there has been a surge in home sales, partly driven by people relocating because of the trend toward remote working.
For the latest quarter, pretax income soared by 382% to $480.4 million. There was also a 15% increase in the book value since the start of the year.
But the market conditions are just one of the reasons for the strong profitability of the company. Note that there have been major investments in digital technologies, which have made the organization much more efficient.
Even though the PFSI has spiked this year, it is still a very compelling value stock, with the shares trading at a lowly 5x ratio.
On the date of publication, Tom Taulli did not have (either directly or indirectly) any positions in any of the securities mentioned in this article.
Tom Taulli (@ttaulli) is an advisor/board member for startups and author of various books and online courses about technology, including Artificial Intelligence Basics, The Robotic Process Automation Handbook and Learn Python Super Fast. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s.
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The post 7 Value Stocks to Buy That Are Outperforming Growth Plays appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (NYSE:DELL) Penske Automotive Group (NYSE:PAG) Insight Enterprises (NASDAQ:NSIT) Kinross Gold (NYSE:KGC) Evercore (NYSE:EVR) PennyMac Financial Services (NYSE:PFSI) Value Stocks: NCR (NCR) NCR) office in Prague." Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169">Source: Jonathan Weiss / Shutterstock.com Wall Street has little enthusiasm for old-line computer hardware companies. This certainly helps to explain the dirt-cheap valuation on DELL stock.
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Dell Technologies (NYSE:DELL) Penske Automotive Group (NYSE:PAG) Insight Enterprises (NASDAQ:NSIT) Kinross Gold (NYSE:KGC) Evercore (NYSE:EVR) PennyMac Financial Services (NYSE:PFSI) Value Stocks: NCR (NCR) NCR) office in Prague." Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169">Source: Jonathan Weiss / Shutterstock.com Wall Street has little enthusiasm for old-line computer hardware companies. This certainly helps to explain the dirt-cheap valuation on DELL stock.
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Dell Technologies (NYSE:DELL) Penske Automotive Group (NYSE:PAG) Insight Enterprises (NASDAQ:NSIT) Kinross Gold (NYSE:KGC) Evercore (NYSE:EVR) PennyMac Financial Services (NYSE:PFSI) Value Stocks: NCR (NCR) NCR) office in Prague." Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169">Source: Jonathan Weiss / Shutterstock.com Wall Street has little enthusiasm for old-line computer hardware companies. This certainly helps to explain the dirt-cheap valuation on DELL stock.
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So yes, it seems likely that there will be continued bull moves in Dell stock to make up for the valuation gap. Dell Technologies (NYSE:DELL) Penske Automotive Group (NYSE:PAG) Insight Enterprises (NASDAQ:NSIT) Kinross Gold (NYSE:KGC) Evercore (NYSE:EVR) PennyMac Financial Services (NYSE:PFSI) Value Stocks: NCR (NCR) NCR) office in Prague." Dell Technologies (DELL) DELL) Technologies Display and Logo" width="300" height="169">Source: Jonathan Weiss / Shutterstock.com Wall Street has little enthusiasm for old-line computer hardware companies.
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2020-10-10 00:00:00 UTC
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2 Top Growth Stocks You Can't Go Wrong With
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DELL
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https://www.nasdaq.com/articles/2-top-growth-stocks-you-cant-go-wrong-with-2020-10-10
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nan
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nan
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NVIDIA (NASDAQ: NVDA) stock has more than doubled in 2020 as the graphics specialist has delivered terrific growth in its data center and video gaming businesses. Smartphone giant Apple (NASDAQ: AAPL) has also made investors substantially rich this year despite the challenges posed by the coronavirus pandemic.
AAPL data by YCharts
The outperformance displayed by these two companies while the broader market has remained subdued isn't surprising. NVIDIA provides graphics chips that play an important role in powering a wide variety of critical applications, from data centers to computers. It is one of the pioneers in the field of artificial intelligence (AI) -- a market that is in its early stages of growth. Apple, on the other hand, has diversified beyond smartphones and is eyeing new markets to enhance its user base.
It wouldn't be surprising to see both tech giants remain on top of their game even after a decade, as they are expanding into new areas to ensure long-term growth. Let's take a look at them.
Image source: Getty Images.
NVIDIA can shape the future with its graphics cards
It's been more than a decade since I built my first PC (personal computer), and an NVIDIA graphics card was an important part of that setup for playing resource-intensive games. The story remains the same in 2020, with an NVIDIA GPU (graphics processing unit) adding muscle to the current setup, but the company has come a long way. It no longer just makes GPUs for gaming.
NVIDIA has unlocked more applications for its GPUs over time. They now power data centers, supercomputers, cars, and are even used to mine cryptocurrencies. The datacenter is now NVIDIA's biggest business with 45% of the total revenue in the second quarter of fiscal 2021 -- producing $1.75 billion in sales during the latest quarter as compared to only $151 million four years back.
This indicates that NVIDIA can find new applications for its graphics cards that can handle several complex calculations in a parallel manner. And it makes NVIDIA's GPUs ideal for enabling AI technology -- a market that's reportedly going to require chips worth hundreds of billions of dollars in the coming years.
According to a third-party estimate, the AI chip market could grow from just $5.6 billion in 2018 to more than $83 billion in 2027 at a compound annual rate of 35%. Hardware accelerators such as GPUs are expected to remain in strong demand for AI training and inferencing in the data center -- an opportunity that could be worth as much as $15 billion ($5 billion for AI training hardware and $10 billion for inferencing hardware) by 2025, per McKinsey's estimates.
NVIDIA is preparing to tap into that opportunity with its A100 data center GPU that is based on the Ampere architecture. The chipmaker pointed out on the latest earnings conference call that the A100 can integrate both AI training and inferencing, and it has already racked up an impressive list of clients.
The A100 delivers NVIDIA's greatest generational leap ever, boosting AI performance by 20x over its predecessor. It is also our first universal accelerator, unifying AI training and inference and powering workloads, such as data analytics, scientific computing, genomics, edge video analytics, 5G services, and graphics.
The likes of Google, Microsoft, Amazon Web Services, Alibaba Cloud, Baidu Cloud, and Tencent Cloud have been offering AI solutions based on the A100. Additionally, more than 50 servers based on the platform are expected to be launched by the end of the year from the likes of Cisco, Dell, Hewlett Packard Enterprise, and Lenovo.
As such, NVIDIA is gearing up to mint billions from the lucrative market for AI chips in the coming years. The company is also sitting on other catalysts, such as autonomous cars and a massive upgrade cycle in PC graphics cards. In all, it can be concluded that NVIDIA's growth engines aren't going to die out anytime soon and the stock could continue outperforming the broader market.
Apple's services ecosystem could be a money-spinner for years to come
Apple has remained sharp in the smartphone game since introducing the first iPhone in 2007. The company is the world's third-largest smartphone vendor with a market share of 13.6% at the end of the second quarter of 2020, according to IDC.
But Apple is not just about smartphones -- it now has five streams of revenue spanning both hardware and service offerings. The company has diversified into other hardware over time, such as wearables and smart home accessories, but its services business is the one that's worth looking out for.
While the iPhone still accounts for a lion's share of Apple's total revenue, the services business has displayed impressive growth over the years. In the third quarter of fiscal 2020, the services business accounted for 22% of the total revenue and recorded 15% growth over the prior-year quarter. Meanwhile, the company's iPhone revenue increased just 1.6% year over year.
The impressive growth in the services business helped Apple increase its overall revenue by 11% and earnings per share by 18%. Looking ahead, Apple is expected to maintain the impressive pace of growth in the services business thanks to the launch of multiple new offerings last year. The company had recorded 16% growth in services revenue in fiscal 2019 to $46 billion, and it has done close to $40 billion in revenue in the nine months of the current year.
Daniel Ives of Wedbush estimates that the services business could produce $60 billion in revenue in 2021, and that isn't surprising as it now offers a host of services such as Apple TV+, Apple Arcade, and Apple Card. For instance, Apple has priced its video streaming service affordably when compared to rivals and offers a free one-year subscription with the purchase of an Apple device.
What's more, the company is going all out to bring more users into its services ecosystem with the Apple One bundle that will include multiple services for a discounted monthly price. This could give the company's services business a nice shot in the arm, considering that it is reportedly going to launch new 5G iPhones to cut its teeth in a lucrative space.
As it turns out, 5G smartphones are expected to sell like hotcakes, as there are reportedly millions of iPhone users who could upgrade their devices once the new generation iPhones are out. This could help Apple bring more users into its services ecosystem and generate recurring revenue over the long run, even when hardware sales flatten.
More importantly, services growth should ideally boost Apple's earnings power in the long run. The services business accounts for just 11.6% of Apple's total cost of sales but produces nearly 39% of the gross profit. More specifically, services delivered just over 67% in gross margin last quarter, which was more than double when compared to the 29.7% gross margin of the products business.
In all, Apple could deliver a solid combination of hardware and software growth in the coming years and remain a top growth stock thanks to the 5G revolution and a bigger services user base.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Baidu, Microsoft, NVIDIA, and Tencent Holdings and recommends the following options: long January 2022 $1920 calls on Amazon, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2021 $85 calls on Microsoft. 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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Additionally, more than 50 servers based on the platform are expected to be launched by the end of the year from the likes of Cisco, Dell, Hewlett Packard Enterprise, and Lenovo. NVIDIA (NASDAQ: NVDA) stock has more than doubled in 2020 as the graphics specialist has delivered terrific growth in its data center and video gaming businesses. And it makes NVIDIA's GPUs ideal for enabling AI technology -- a market that's reportedly going to require chips worth hundreds of billions of dollars in the coming years.
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Additionally, more than 50 servers based on the platform are expected to be launched by the end of the year from the likes of Cisco, Dell, Hewlett Packard Enterprise, and Lenovo. Hardware accelerators such as GPUs are expected to remain in strong demand for AI training and inferencing in the data center -- an opportunity that could be worth as much as $15 billion ($5 billion for AI training hardware and $10 billion for inferencing hardware) by 2025, per McKinsey's estimates. The likes of Google, Microsoft, Amazon Web Services, Alibaba Cloud, Baidu Cloud, and Tencent Cloud have been offering AI solutions based on the A100.
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Additionally, more than 50 servers based on the platform are expected to be launched by the end of the year from the likes of Cisco, Dell, Hewlett Packard Enterprise, and Lenovo. Daniel Ives of Wedbush estimates that the services business could produce $60 billion in revenue in 2021, and that isn't surprising as it now offers a host of services such as Apple TV+, Apple Arcade, and Apple Card. In all, Apple could deliver a solid combination of hardware and software growth in the coming years and remain a top growth stock thanks to the 5G revolution and a bigger services user base.
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Additionally, more than 50 servers based on the platform are expected to be launched by the end of the year from the likes of Cisco, Dell, Hewlett Packard Enterprise, and Lenovo. Hardware accelerators such as GPUs are expected to remain in strong demand for AI training and inferencing in the data center -- an opportunity that could be worth as much as $15 billion ($5 billion for AI training hardware and $10 billion for inferencing hardware) by 2025, per McKinsey's estimates. Apple's services ecosystem could be a money-spinner for years to come Apple has remained sharp in the smartphone game since introducing the first iPhone in 2007.
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2020-10-08 00:00:00 UTC
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The Evidence Shows That Intel Stock Is Undervalued
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DELL
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https://www.nasdaq.com/articles/the-evidence-shows-that-intel-stock-is-undervalued-2020-10-08
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Amid additional evidence that the demise of Intel (NASDAQ:INTC) has been greatly exaggerated, I remain upbeat on Intel stock.
Source: canon_shooter / Shutterstock.com
Many pundits and analysts have worried that the delay of Intel’s 7nm chips due to manufacturing problems will cause Intel’s market share to drop drastically, with Advanced Micro Devices (NASDAQ:AMD) stealing many of its customers.
That, in turn, will badly hurt Intel’s financial results and Intel stock, the bears have warned.
Intel’s transition to 10nm chips was also postponed, yet the company’s top line continued to grow meaningfully, a Seeking Alpha columnist pointed out recently.
9 New-on-Robinhood Stocks You Can Buy Now
Indeed, the company’s revenue rose from $62.7 billion in 2017 to nearly $72 billion in 2019. During the same period, the chip maker’s operating profit jumped from $18.3 billion to $22.43 billion.
Those stats make me believe that Intel will, in all likelihood, be able to greatly improve its financial results going forward.
Intel Is Better Positioned to Overcome the Delay
As I’ve written previously, Intel has effectively used artificial intelligence, or AI, along with other technologies, to improve its latest chips. Specifically, I noted that the company says that its new Tiger Lake chips, using AI, help computers to perform common tasks more quickly while utilizing less power.
And Intel says that the chips “are 24% faster than AMD’s Ryzen laptop chip for common processing chores, as much as twice as fast for video editing and 146% faster for online gaming.”
As I’ve shown, in past years before Intel was able to utilize AI to enhance its chips to such a large extent, the company was still able to rapidly grow its top and bottom lines, despite the delay of its 10nm chips.
Now that the company is able to use AI to compensate for most or all of the delay’s impact, the effect of the postponement on Intel’s financial results should be much less intense.
Moreover, with PC and laptop sales up due to the work-from-home trend and the demand for datacenter chips growing very rapidly, Intel’s growth actually looks poised to accelerate going forward.
Off to a Good Start
The demand for Intel’s new Tiger Lake chips appears to be off to a very good start. As I noted in my previous column, Intel already anticipates that the new Tiger Lake chips will be incorporated into more than 150 laptop designs.
Now some of those wins have been announced, and they are pretty impressive. Specifically, HP (NYSE:HPQ), Dell (NYSE:DELL), and Asus – three of the largest laptop makers in the world – have all developed multiple laptops that incorporate Intel’s Tiger Lake chips.
Asus is launching “a family of Tiger Lake (laptops)” this month, according to NotebookCheck, Meanwhile, Dell is incorporating Tiger Lake into its XPS 13 and XPS 13 2-in-1 that also became available in October. (The 2-in-1 laptop can be converted into two laptops.)
Finally, HP is selling three new laptops that utilize Intel’s newest chips. HP reported that the devices will be available this fall.
The Bottom Line on Intel Stock
In the past, Intel’s financial results have improved significantly even though it has had to delay shrinking the size of its chips. Given the company’s technology advances and the more favorable environment for chip makers, Intel’s ability to overcome its delays is actually much stronger now than in the past.
Meanwhile, with Intel stock trading at a forward price-earnings ratio of just 10x, the market seems to be pricing in zero growth for the company. The shares’ low valuation, along with the company’s favorable growth outlook and 2.5% dividend yield, make the shares a worth buying for long-term value investors.
On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Larry has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Among his highly successful contrarian picks have been solar stocks, Roku, Plug Power, and Snap. You can reach him on StockTwits at @larryramer. Larry began writing columns for InvestorPlace in 2015.
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The post The Evidence Shows That Intel Stock Is Undervalued 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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Specifically, HP (NYSE:HPQ), Dell (NYSE:DELL), and Asus – three of the largest laptop makers in the world – have all developed multiple laptops that incorporate Intel’s Tiger Lake chips. Asus is launching “a family of Tiger Lake (laptops)” this month, according to NotebookCheck, Meanwhile, Dell is incorporating Tiger Lake into its XPS 13 and XPS 13 2-in-1 that also became available in October. Intel’s transition to 10nm chips was also postponed, yet the company’s top line continued to grow meaningfully, a Seeking Alpha columnist pointed out recently.
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Specifically, HP (NYSE:HPQ), Dell (NYSE:DELL), and Asus – three of the largest laptop makers in the world – have all developed multiple laptops that incorporate Intel’s Tiger Lake chips. Asus is launching “a family of Tiger Lake (laptops)” this month, according to NotebookCheck, Meanwhile, Dell is incorporating Tiger Lake into its XPS 13 and XPS 13 2-in-1 that also became available in October. Off to a Good Start The demand for Intel’s new Tiger Lake chips appears to be off to a very good start.
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Specifically, HP (NYSE:HPQ), Dell (NYSE:DELL), and Asus – three of the largest laptop makers in the world – have all developed multiple laptops that incorporate Intel’s Tiger Lake chips. Asus is launching “a family of Tiger Lake (laptops)” this month, according to NotebookCheck, Meanwhile, Dell is incorporating Tiger Lake into its XPS 13 and XPS 13 2-in-1 that also became available in October. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Amid additional evidence that the demise of Intel (NASDAQ:INTC) has been greatly exaggerated, I remain upbeat on Intel stock.
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Specifically, HP (NYSE:HPQ), Dell (NYSE:DELL), and Asus – three of the largest laptop makers in the world – have all developed multiple laptops that incorporate Intel’s Tiger Lake chips. Asus is launching “a family of Tiger Lake (laptops)” this month, according to NotebookCheck, Meanwhile, Dell is incorporating Tiger Lake into its XPS 13 and XPS 13 2-in-1 that also became available in October. And Intel says that the chips “are 24% faster than AMD’s Ryzen laptop chip for common processing chores, as much as twice as fast for video editing and 146% faster for online gaming.” As I’ve shown, in past years before Intel was able to utilize AI to enhance its chips to such a large extent, the company was still able to rapidly grow its top and bottom lines, despite the delay of its 10nm chips.
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726087.0
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2020-10-05 00:00:00 UTC
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NVIDIA Going After More of Intel's Data Center Business With New Processor Chips
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DELL
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https://www.nasdaq.com/articles/nvidia-going-after-more-of-intels-data-center-business-with-new-processor-chips-2020-10-05
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nan
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nan
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When announcing new artificial intelligence (AI) capabilities developed by his company earlier this year, NVIDIA (NASDAQ: NVDA) CEO Jensen Huang outlined a new type of processor that will become increasingly important in the years ahead: the data processing unit (DPU).
Data centers are becoming busy digital-economy hubs with massive amounts of data moving into and out of them, and organizations rely on these hubs to power cloud computing tasks key to their operations. To capitalize on the opportunity, NVIDIA has announced the release of new DPU chips. The move will build on NVIDIA's momentum in the data center segment (now its largest business end-market) and help it continuously disrupt an industry dominated by chip giant Intel (NASDAQ: INTC).
Image source: Getty Images.
CPU, GPU, and DPU basics
Over the years, the CPU (central processing unit) invented by Intel has become the primary chip powering desktop and laptop computers, other mobile devices, and even the movement of data within data centers. GPUs (graphics processing units) were later pioneered by NVIDIA to handle advanced and specialized tasks like video game graphics and, more recently, high-order computing tasks handled in data centers like AI.Â
But Huang has outlined NVIDIA's vision for the future of computing, built on three types of processors: the CPU for generalized tasks, the GPU as a computing accelerator, and the DPU as a specialized manager of data within data centers to handle cloud computing. To that end, NVIDIA recently unveiled the BlueField-2 DPU and accompanying software development kit for engineers building data center infrastructure and cloud applications.Â
NVIDIA's new DPUs are already being used by server manufacturers like Dell Technologies (NYSE: DELL) and supported by software infrastructure partners VMware (NYSE: VMW) and IBM's (NYSE: IBM) Red Hat. The DPUs are available for sampling now and are expected to start making their way into data-center hardware systems in 2021, and will help the fast-expanding semiconductor company continue its disruption of the industry.Â
Find out why NVIDIA is one of the 10 best stocks to buy now
Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
Tom and David just revealed their ten top stock picks for investors to buy right now. NVIDIA is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of September 24, 2020
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Nicholas Rossolillo owns shares of NVIDIA. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends NVIDIA. The Motley Fool recommends Intel and 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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To that end, NVIDIA recently unveiled the BlueField-2 DPU and accompanying software development kit for engineers building data center infrastructure and cloud applications. NVIDIA's new DPUs are already being used by server manufacturers like Dell Technologies (NYSE: DELL) and supported by software infrastructure partners VMware (NYSE: VMW) and IBM's (NYSE: IBM) Red Hat. When announcing new artificial intelligence (AI) capabilities developed by his company earlier this year, NVIDIA (NASDAQ: NVDA) CEO Jensen Huang outlined a new type of processor that will become increasingly important in the years ahead: the data processing unit (DPU). The move will build on NVIDIA's momentum in the data center segment (now its largest business end-market) and help it continuously disrupt an industry dominated by chip giant Intel (NASDAQ: INTC).
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To that end, NVIDIA recently unveiled the BlueField-2 DPU and accompanying software development kit for engineers building data center infrastructure and cloud applications. NVIDIA's new DPUs are already being used by server manufacturers like Dell Technologies (NYSE: DELL) and supported by software infrastructure partners VMware (NYSE: VMW) and IBM's (NYSE: IBM) Red Hat. GPUs (graphics processing units) were later pioneered by NVIDIA to handle advanced and specialized tasks like video game graphics and, more recently, high-order computing tasks handled in data centers like AI. But Huang has outlined NVIDIA's vision for the future of computing, built on three types of processors: the CPU for generalized tasks, the GPU as a computing accelerator, and the DPU as a specialized manager of data within data centers to handle cloud computing. The Motley Fool owns shares of and recommends NVIDIA.
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To that end, NVIDIA recently unveiled the BlueField-2 DPU and accompanying software development kit for engineers building data center infrastructure and cloud applications. NVIDIA's new DPUs are already being used by server manufacturers like Dell Technologies (NYSE: DELL) and supported by software infrastructure partners VMware (NYSE: VMW) and IBM's (NYSE: IBM) Red Hat. GPUs (graphics processing units) were later pioneered by NVIDIA to handle advanced and specialized tasks like video game graphics and, more recently, high-order computing tasks handled in data centers like AI. But Huang has outlined NVIDIA's vision for the future of computing, built on three types of processors: the CPU for generalized tasks, the GPU as a computing accelerator, and the DPU as a specialized manager of data within data centers to handle cloud computing. The DPUs are available for sampling now and are expected to start making their way into data-center hardware systems in 2021, and will help the fast-expanding semiconductor company continue its disruption of the industry. Find out why NVIDIA is one of the 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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To that end, NVIDIA recently unveiled the BlueField-2 DPU and accompanying software development kit for engineers building data center infrastructure and cloud applications. NVIDIA's new DPUs are already being used by server manufacturers like Dell Technologies (NYSE: DELL) and supported by software infrastructure partners VMware (NYSE: VMW) and IBM's (NYSE: IBM) Red Hat. CPU, GPU, and DPU basics Over the years, the CPU (central processing unit) invented by Intel has become the primary chip powering desktop and laptop computers, other mobile devices, and even the movement of data within data centers. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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2020-10-02 00:00:00 UTC
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Selling VMware Would Be Big For Dell Stock
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DELL
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https://www.nasdaq.com/articles/selling-vmware-would-be-big-for-dell-stock-2020-10-02
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
What tech company is bigger than IBM (NYSE:IBM) and even more undervalued? The answer is Dell Technologies (NYSE:DELL). Dell stock trades at $68 per share and has a market cap of $50.1 billion.
DELL) Technologies Display and Logo" width="300" height="169">Source: Jonathan Weiss / Shutterstock.com
It should have sales of $88 billion this year. It also owns 81% of VMware (NYSE:VMW), which is worth $60 billion.
On the surface it makes no sense. Valuing Dell’s stake in VMware at $48 billion means the rest of Dell is worth $2 billion?
Therein lies our tale. Let me explain.
DellWare
Back in 2016, Dell bought EMC, which controlled VMware, for $67 billion. Four years later debt from that deal, $45 billion of it to be exact, remains on Dell’s books. VMware, meanwhile, has debts of just $3.8 billion, and a cash balance of $3 billion.
The 7 Top Robinhood Stocks for October
That means the enterprise value of Dell, including its debt, is $95 billion. That’s close to IBM’s market cap of $108 billion, but “Big Blue” itself has long-term debts of $58 billion, much of it accumulated in buying VMware competitor Red Hat. This means its enterprise value is closer to $165 billion, on revenue of $77 billion.
VMware and Red Hat are valuable because they offer virtualization and other cloud infrastructure software. It’s the kind of franchise the market often values at 10x revenue and more. VMware had sales of about $11 billion for its 2020 fiscal year, which ended in January.
The bottom line is that the market deems computer hardware operations to be nearly worthless unless they’re wildly profitable, like IBM’s Z-Series mainframes. Dell’s EMC servers, its Dell laptops, its Alienware gaming machines, everything CEO Michael Dell has built since he started assembling PCs in his University of Texas dorm in the 1980s, gets no love from Wall Street.
Break It Up
It’s not like Dell stock is worthless. The company had fiscal 2020 net income of $4.6 billion. But analysts think VMware could be worth $15 to $20 per share more, nearly $10 billion, if it traded on its own. VMware CEO Pat Gelsinger agrees, adding VMware could hook up with more hardware vendors if independent.
Selling VMware would also bring Dell enough cash to retire its debt and compete more closely against Hewlett Packard Enterprise (NYSE:HPE). HPE is currently killing it in “hyperconverged” hardware, a key data center market, and now matches it in server market share.
A spin-off is planned, with Dell and hedge fund partner Silver Lake maintaining a majority stake but no cash being raised to retire the debt. Moreover, the split wouldn’t happen until September 2021. “We are not selling VMware,” Dell states flatly.
Even so, analysts call this a big win that will unlock Dell’s value in hardware, where many of its products are considered leaders in the Gartner (NYSE:IT) “magic quadrant” analysis.
For now, Dell is downsizing. Layoffs have begun, along with a pay freeze the company insists is unrelated to the pandemic. Even VMware is dropping employees. VMware workers who leave Silicon Valley and continue to work from home will also have their pay cut.
The Bottom Line
If you bought Dell stock at its pandemic low of $29 share in March, you have more than doubled your money. The latest machinations should unlock more value, although you may need to wait a year to see it. If Dell’s layoffs can double the company’s profits, to $9 billion, putting a market multiple on that doubles your money again. You also get stock in VMware if you buy now.
Take it all together, and a patient investor should do well buying Dell here. The same is true of Dell himself, now worth $38.2 billion according to Forbes.
At the end of the day, of course, Dell Technologies needs to regain its market momentum, with a smaller staff. That’s the main risk in the stock right now, along with interest rates on the debt. But it appears to be reasonable.
At the time of publication, Dana Blankenhorn held no positions in stocks mentioned in this article.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O’Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn.
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The post Selling VMware Would Be Big For Dell Stock 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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Selling VMware would also bring Dell enough cash to retire its debt and compete more closely against Hewlett Packard Enterprise (NYSE:HPE). A spin-off is planned, with Dell and hedge fund partner Silver Lake maintaining a majority stake but no cash being raised to retire the debt. Even so, analysts call this a big win that will unlock Dell’s value in hardware, where many of its products are considered leaders in the Gartner (NYSE:IT) “magic quadrant” analysis.
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Valuing Dell’s stake in VMware at $48 billion means the rest of Dell is worth $2 billion? Selling VMware would also bring Dell enough cash to retire its debt and compete more closely against Hewlett Packard Enterprise (NYSE:HPE). The answer is Dell Technologies (NYSE:DELL).
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Dell stock trades at $68 per share and has a market cap of $50.1 billion. Valuing Dell’s stake in VMware at $48 billion means the rest of Dell is worth $2 billion? The answer is Dell Technologies (NYSE:DELL).
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Valuing Dell’s stake in VMware at $48 billion means the rest of Dell is worth $2 billion? The post Selling VMware Would Be Big For Dell Stock appeared first on InvestorPlace. The answer is Dell Technologies (NYSE:DELL).
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096d865f-6e33-4667-9b4b-3a1571fa34d3
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726089.0
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2020-10-01 00:00:00 UTC
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To Survive, IBM Needs to Think Outside the Box
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DELL
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https://www.nasdaq.com/articles/to-survive-ibm-needs-to-think-outside-the-box-2020-10-01
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As a tech reporter, I have a Mount Rushmore of the last decade’s biggest losers. These are leaders whose arrogance cost shareholders trillions in lost opportunity. One of them has to be Virginia Rometty of IBM (NYSE:IBM). By focusing on dividends and buybacks for IBM stock, Rometty missed the cloud.
Source: Laborant / Shutterstock.com
She transformed IBM, which celebrated its 100th birthday in 2015, from an unquestioned technology leader into a laggard.
Facebook (NASDAQ:FB), founded in 2004, is now worth over six times more.
Rometty finally gave up the CEO chair in April to Arvind Krishna, who was running its cloud operations. He named Jim Whitehurst from Red Hat, the cloud software outfit acquired in 2019, as the company’s president.
Keep the Dividend?
Since Krishna took over, IBM stock has barely budged, up 1.6%. IBM is worth $109 billion, despite a dividend that now yields more than 6%.
Despite the cloud experience of its new leaders, IBM remains a hardware company. Rometty sought to obscure this point, but the company’s Z Series mainframes remain a major profit center. After delivering new versions in the second quarter, Z Series sales jumped 69%, year over year, to $1.9 billion, and profits rose 4.3%.
But that profit center has been milked dry. Getting rid of older workers just drained its talent pool, and put the government’s eyes on it. Earnings of $2.83 per share were down 38% from a year earlier, and revenues were down 4%. The dividend should be safe. It costs $1.45 billion each quarter to pay. Operating cash flow for the quarter was $3.58 billion.
Cloud, however, is a cash-intensive business. I have often written that the ante for the game comes to $1 billion per quarter. Today’s top cloud companies, including Facebook, spend $3 billion to $4 billion and more maintaining their clouds.
IBM no longer has it because it also has $59 billion in long-term debt. Most of that was used to acquire Red Hat, which cost $34 billion in 2019. Expanding its cloud footprint beyond the U.S. and Europe would be desirable, but would also end the dividend and cut the market cap.
Sell IBM?
Oracle (NASDAQ:ORCL), which also missed the cloud, is trying to generate cash flow for the game by buying part of TikTok. Dell Technologies (NASDAQ:DELL), another hardware-oriented firm, has looked to spin-off its VMware (NASDAQ:VMW) software unit, which competes with Red Hat. IBM has also linked closely with AT&T (NYSE:T), which also missed the cloud.
It would take tricky financial engineering for IBM to find the cash flow needed to compete. It could sell the hardware units to private equity, spin-off Red Hat, or spin its cloud operations into a REIT, as companies like Equinix (NASDAQ:EQIX) have done.
For now, IBM says it’s focusing on “hybrid cloud.” Here, enterprises retain their own data centers built to cloud standards then arbitrage larger public clouds like those of Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT). IBM is aiming its sales effort at regulated industries and national governments with country-specific cloud laws. It’s also pushing its quantum computing efforts in the media, although they won’t contribute to profit for years.
The Bottom Line
IBM can still write a hopeful press release and it can talk a good game.
But can it save itself?
I bought some IBM stock this year, then sold it back at a small profit. I don’t see how IBM can compete in the big money game it’s involved in. It may be too late for it to survive as a separate company.
Many of my neighbors growing up on Long Island were IBMers. It represented a great career when computing and business were separate spheres. But those days are over.
To survive, IBM needs to think outside the box it’s placed itself in.
Maybe it should sell to Facebook.
At the time of publication, Dana Blankenhorn held long positions in AMZN and MSFT.
Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on technology available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn.
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The post To Survive, IBM Needs to Think Outside the Box appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (NASDAQ:DELL), another hardware-oriented firm, has looked to spin-off its VMware (NASDAQ:VMW) software unit, which competes with Red Hat. Rometty sought to obscure this point, but the company’s Z Series mainframes remain a major profit center. Oracle (NASDAQ:ORCL), which also missed the cloud, is trying to generate cash flow for the game by buying part of TikTok.
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Dell Technologies (NASDAQ:DELL), another hardware-oriented firm, has looked to spin-off its VMware (NASDAQ:VMW) software unit, which competes with Red Hat. Despite the cloud experience of its new leaders, IBM remains a hardware company. It could sell the hardware units to private equity, spin-off Red Hat, or spin its cloud operations into a REIT, as companies like Equinix (NASDAQ:EQIX) have done.
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Dell Technologies (NASDAQ:DELL), another hardware-oriented firm, has looked to spin-off its VMware (NASDAQ:VMW) software unit, which competes with Red Hat. By focusing on dividends and buybacks for IBM stock, Rometty missed the cloud. Today’s top cloud companies, including Facebook, spend $3 billion to $4 billion and more maintaining their clouds.
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Dell Technologies (NASDAQ:DELL), another hardware-oriented firm, has looked to spin-off its VMware (NASDAQ:VMW) software unit, which competes with Red Hat. By focusing on dividends and buybacks for IBM stock, Rometty missed the cloud. Despite the cloud experience of its new leaders, IBM remains a hardware company.
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726090.0
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2020-09-29 00:00:00 UTC
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VMware, Nvidia partner to make AI chips easier for businesses to use
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DELL
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https://www.nasdaq.com/articles/vmware-nvidia-partner-to-make-ai-chips-easier-for-businesses-to-use-2020-09-29
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By Stephen Nellis
Sept 29 (Reuters) - VMware Inc VMW.N and Nvidia Corp NVDA.O on Tuesday announced an effort to make VMware's software for managing data centers work better with Nvidia's artificial intelligence (AI) chips.
VMware makes software that helps businesses get more work out of data center servers by slicing physical machines into "virtual" ones so that more applications can be packed onto each physical machine. Its tools are commonly used by large businesses that operate their own data centers as well as businesses that use cloud computing data centers.
For many years, much of VMware's work focused on making software work better with processors from Intel Corp INTC.O, which had a dominant market share of data centers.
In recent years, as businesses have turned to AI for everything from speech recognition to recognizing patterns in financial data, Nvidia's market share in data centers has been expanding because its chips are used to speed up such work.
VMware's software tools will work smoothly with Nvidia's chips to run AI applications without "any kind of specialized setup," Krish Prasad, head of VMware's cloud platform business unit, said during a press briefing.
Manuvir Das, head of enterprise computing at Nvidia, said: "There is some very important computer science that has been done between the VMware and Nvidia teams to enable this."
"As much as people may think of Nvidia as a hardware company, we are more so a software company today."
The companies said they would give some customers early access to the technology but did not say when it would go on sale.
(Reporting by Stephen Nellis in San Francisco; Editing by Himani Sarkar)
((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 Sept 29 (Reuters) - VMware Inc VMW.N and Nvidia Corp NVDA.O on Tuesday announced an effort to make VMware's software for managing data centers work better with Nvidia's artificial intelligence (AI) chips. In recent years, as businesses have turned to AI for everything from speech recognition to recognizing patterns in financial data, Nvidia's market share in data centers has been expanding because its chips are used to speed up such work. VMware's software tools will work smoothly with Nvidia's chips to run AI applications without "any kind of specialized setup," Krish Prasad, head of VMware's cloud platform business unit, said during a press briefing.
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By Stephen Nellis Sept 29 (Reuters) - VMware Inc VMW.N and Nvidia Corp NVDA.O on Tuesday announced an effort to make VMware's software for managing data centers work better with Nvidia's artificial intelligence (AI) chips. In recent years, as businesses have turned to AI for everything from speech recognition to recognizing patterns in financial data, Nvidia's market share in data centers has been expanding because its chips are used to speed up such work. VMware's software tools will work smoothly with Nvidia's chips to run AI applications without "any kind of specialized setup," Krish Prasad, head of VMware's cloud platform business unit, said during a press briefing.
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By Stephen Nellis Sept 29 (Reuters) - VMware Inc VMW.N and Nvidia Corp NVDA.O on Tuesday announced an effort to make VMware's software for managing data centers work better with Nvidia's artificial intelligence (AI) chips. In recent years, as businesses have turned to AI for everything from speech recognition to recognizing patterns in financial data, Nvidia's market share in data centers has been expanding because its chips are used to speed up such work. VMware's software tools will work smoothly with Nvidia's chips to run AI applications without "any kind of specialized setup," Krish Prasad, head of VMware's cloud platform business unit, said during a press briefing.
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By Stephen Nellis Sept 29 (Reuters) - VMware Inc VMW.N and Nvidia Corp NVDA.O on Tuesday announced an effort to make VMware's software for managing data centers work better with Nvidia's artificial intelligence (AI) chips. Its tools are commonly used by large businesses that operate their own data centers as well as businesses that use cloud computing data centers. In recent years, as businesses have turned to AI for everything from speech recognition to recognizing patterns in financial data, Nvidia's market share in data centers has been expanding because its chips are used to speed up such work.
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726091.0
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2020-09-25 00:00:00 UTC
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VIA Optronics shares slide as much as 35% after lackluster New York debut
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DELL
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https://www.nasdaq.com/articles/via-optronics-shares-slide-as-much-as-35-after-lackluster-new-york-debut-2020-09-25
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By Madhvi Pokhriyal
Sept 25 (Reuters) - VIA Optronics AG's shares VIAO.N underwhelmed in their debut on the New York Stock Exchange and fell as much as 35% on Friday, after the Germany-based company priced its initial public offering at the lower end of its indicated range.
Earlier on Friday, VIA sold 6.25 million American Depository Shares to raise about $94 million.
Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per ADS.
VIA's debut also came on a day when U.S. capital markets were set for their longest weekly losing streak in a year as fears about the coronavirus' impact on the economy weighed on investor sentiment.
According to experts tracking IPOs, investors punished the stock for being overvalued and raised concerns over the company's financials.
"Investors are concerned about if this company will be able to make money" said Jay Ritter, an IPO expert and professor at the University of Florida. "At the offer price, the valuation of over $300 million was too high."
For the six months ended June 30, the company posted revenue of 64.8 million euros ($72.6 million), down 8% from a year ago. Its net loss narrowed to 867,000 euros from 2.5 million euros a year earlier.(https://bit.ly/3kEXbCn)
According to CEO Jurgen Eichner, the pandemic did not impact VIA's plans to go public, although it affected the company's performance in the first quarter.
"In the second quarter, we were already back on track. This was the right point in time (for us to go public), because we cannot sustain the growth organically," Eichner said.
VIA's customers include car-makers like BMW AG BMWG.DE, Ferrari NV RACE.MI and General Motors Co GM.N and tech companies like Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N.
($1 = 0.8599 euros)
(Reporting by Madhvi Pokhriyal in Bengaluru; Editing by Amy Caren Daniel and Shailesh Kuber)
((Madhvi.Pokhriyal@thomsonreuters.com; Outside the U.S. + 9620394604;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIA's customers include car-makers like BMW AG BMWG.DE, Ferrari NV RACE.MI and General Motors Co GM.N and tech companies like Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N. By Madhvi Pokhriyal Sept 25 (Reuters) - VIA Optronics AG's shares VIAO.N underwhelmed in their debut on the New York Stock Exchange and fell as much as 35% on Friday, after the Germany-based company priced its initial public offering at the lower end of its indicated range. Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per ADS.
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VIA's customers include car-makers like BMW AG BMWG.DE, Ferrari NV RACE.MI and General Motors Co GM.N and tech companies like Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N. Earlier on Friday, VIA sold 6.25 million American Depository Shares to raise about $94 million. According to experts tracking IPOs, investors punished the stock for being overvalued and raised concerns over the company's financials.
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VIA's customers include car-makers like BMW AG BMWG.DE, Ferrari NV RACE.MI and General Motors Co GM.N and tech companies like Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N. By Madhvi Pokhriyal Sept 25 (Reuters) - VIA Optronics AG's shares VIAO.N underwhelmed in their debut on the New York Stock Exchange and fell as much as 35% on Friday, after the Germany-based company priced its initial public offering at the lower end of its indicated range. According to experts tracking IPOs, investors punished the stock for being overvalued and raised concerns over the company's financials.
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VIA's customers include car-makers like BMW AG BMWG.DE, Ferrari NV RACE.MI and General Motors Co GM.N and tech companies like Lenovo Group Ltd 0992.HK and Dell Technologies Inc DELL.N. According to experts tracking IPOs, investors punished the stock for being overvalued and raised concerns over the company's financials. "At the offer price, the valuation of over $300 million was too high."
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726092.0
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2020-09-25 00:00:00 UTC
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Shares of VIA Optronics fall 20% in NYSE debut
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DELL
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https://www.nasdaq.com/articles/shares-of-via-optronics-fall-20-in-nyse-debut-2020-09-25
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nan
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Sept 25 (Reuters) - Germany-based VIA Optronics AG's shares VIAO.Nfell 20% on Friday in their debut on the New York Stock Exchange, after the company raised $93.7 million in its initial public offering (IPO).
Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per American Depositary Share.
(Reporting by Madhvi Pokhriyal in Bengaluru; Editing by Amy Caren Daniel)
((Madhvi.Pokhriyal@thomsonreuters.com; Outside the U.S. + 9620394604;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 25 (Reuters) - Germany-based VIA Optronics AG's shares VIAO.Nfell 20% on Friday in their debut on the New York Stock Exchange, after the company raised $93.7 million in its initial public offering (IPO). Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per American Depositary Share. (Reporting by Madhvi Pokhriyal in Bengaluru; Editing by Amy Caren Daniel) ((Madhvi.Pokhriyal@thomsonreuters.com; Outside the U.S. + 9620394604;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 25 (Reuters) - Germany-based VIA Optronics AG's shares VIAO.Nfell 20% on Friday in their debut on the New York Stock Exchange, after the company raised $93.7 million in its initial public offering (IPO). Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per American Depositary Share. (Reporting by Madhvi Pokhriyal in Bengaluru; Editing by Amy Caren Daniel) ((Madhvi.Pokhriyal@thomsonreuters.com; Outside the U.S. + 9620394604;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 25 (Reuters) - Germany-based VIA Optronics AG's shares VIAO.Nfell 20% on Friday in their debut on the New York Stock Exchange, after the company raised $93.7 million in its initial public offering (IPO). Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per American Depositary Share. (Reporting by Madhvi Pokhriyal in Bengaluru; Editing by Amy Caren Daniel) ((Madhvi.Pokhriyal@thomsonreuters.com; Outside the U.S. + 9620394604;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 25 (Reuters) - Germany-based VIA Optronics AG's shares VIAO.Nfell 20% on Friday in their debut on the New York Stock Exchange, after the company raised $93.7 million in its initial public offering (IPO). Shares of the firm, which makes interactive display systems for a number of sectors including automotive and industrials, opened at $12 apiece compared with the IPO price of $15 per American Depositary Share. (Reporting by Madhvi Pokhriyal in Bengaluru; Editing by Amy Caren Daniel) ((Madhvi.Pokhriyal@thomsonreuters.com; Outside the U.S. + 9620394604;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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726093.0
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2020-09-11 00:00:00 UTC
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3 Bargain Stocks You Can Buy Right Now
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DELL
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https://www.nasdaq.com/articles/3-bargain-stocks-you-can-buy-right-now-2020-09-11
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With the market indexes having erased virtually all of their losses for the year, finding bargains may not seem an easy task. Yet we're really back to where we started, so we can give stocks a look with a fresh eye.
Fortunately, there are a number of ways to determine whether a company is a "bargain." Sometimes a company is just cheap and presents a low price-to-earnings ratio, other times there remains significant growth ahead of it, so even if its stock has gained substantial ground this year, the price today will look quaint several years down the road.
Investors actually have a number of quality stocks to choose from, and the three stocks below are all bargains to buy now, no matter how you define it.
Image source: Getty Images.
Albertsons
Online grocery shopping was supposed to mark the end of days for local supermarkets, but even Amazon.com realized just how critical a physical grocery store presence is.
Albertsons (NYSE: ACI) recently returned to the public markets, and though its private equity owners saddled it with a good amount of debt, the second-largest pure-play grocery store behind Kroger looks primed for growth, though it's priced at a level even value investors could love.
Albertsons has a portfolio of strong local supermarket banners beyond its own chain, including Safeway, Acme, Vons, and more. Yet it also has a national scale, and as the most recent earnings report indicated, a booming e-commerce business. Digital sales surged 276% for the quarter and comparable store sales jumped 26.5% from the year-ago period.
The supermarket chain's stock goes for six and a half times trailing earnings and 7.3 times next year's estimates, but with analysts forecasting it will grow earnings in excess of 13% annually for the next five years, its price-to-earnings-to-growth (PEG) ratio is 0.9, which means there's plenty of growth ahead. Albertsons also trades for less than four times the free cash flow it produces, putting it firmly in the bargain basement bin.
Dell Technologies
Dell Technologies (NYSE: DELL) is one of those companies whose stock took a hit early on in the pandemic, but quickly regained its footing as investors realized it was perfectly situated to capitalize on the work-from-home trend the crisis necessitated. Shares of the computer hardware company galloped higher afterwards, with the stock gaining over 130% from the March lows and even sitting 28% above where it started 2020. Yet it's still a bargain.
Second-quarter revenue was driven higher by computer demand as more people had to telecommute. But we're in back-to-school season now, and with school reopenings still in doubt in many districts, there could be an equal need for more computers.
It's not enough to have one household computer anymore, or as Enrique Lores, the CEO of Dell's rival HP (NYSE: HP), told Bloomberg, "Rather than having one PC per home, it's having one PC per person."
Despite the dramatic gains Dell Technologies stock has made, shares still trade at a fraction of their sales, and they go for less than 10 times next year's earnings and only five times its free cash flow. There's plenty of opportunity left for investors to profit.
Lowe's
No one wants to say a business benefited from the pandemic, but Lowe's (NYSE: LOW) and Home Depot (NYSE: HD) saw business boom as stay-at-home orders and stimulus checks gave consumers both the time and the means to tackle do-it-yourself projects around the home, even as shortages were reported.
Lowe's sales jumped 11% to $19.7 billion on a 12.3% increase in comps last quarter while Home Depot reported a 7% increase in revenue, hitting $28.3 billion, as U.S. comps rose 7.5%.
Now we're in the midst of hurricane season, and again, profiting off of tragedy is not something that a company touts, but an increasingly active storm season will keep sales moving.
Lowe's stock also offers investors a discount despite rising over 160% from its low point and gaining 32% year to date. Because analysts forecast near-22% average annual long-term earnings growth, and the stock trades at 20 times trailing earnings and 18 times next year's estimates, its PEG ratio is below 1, a level that is considered fair value. It represents a great value for this mature business that's still got a lot of growth in front of it.
10 stocks we like better than Albertsons Companies, Inc.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Home Depot. The Motley Fool recommends Lowe's and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 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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Dell Technologies Dell Technologies (NYSE: DELL) is one of those companies whose stock took a hit early on in the pandemic, but quickly regained its footing as investors realized it was perfectly situated to capitalize on the work-from-home trend the crisis necessitated. It's not enough to have one household computer anymore, or as Enrique Lores, the CEO of Dell's rival HP (NYSE: HP), told Bloomberg, "Rather than having one PC per home, it's having one PC per person." Despite the dramatic gains Dell Technologies stock has made, shares still trade at a fraction of their sales, and they go for less than 10 times next year's earnings and only five times its free cash flow.
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Dell Technologies Dell Technologies (NYSE: DELL) is one of those companies whose stock took a hit early on in the pandemic, but quickly regained its footing as investors realized it was perfectly situated to capitalize on the work-from-home trend the crisis necessitated. It's not enough to have one household computer anymore, or as Enrique Lores, the CEO of Dell's rival HP (NYSE: HP), told Bloomberg, "Rather than having one PC per home, it's having one PC per person." Despite the dramatic gains Dell Technologies stock has made, shares still trade at a fraction of their sales, and they go for less than 10 times next year's earnings and only five times its free cash flow.
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Despite the dramatic gains Dell Technologies stock has made, shares still trade at a fraction of their sales, and they go for less than 10 times next year's earnings and only five times its free cash flow. Dell Technologies Dell Technologies (NYSE: DELL) is one of those companies whose stock took a hit early on in the pandemic, but quickly regained its footing as investors realized it was perfectly situated to capitalize on the work-from-home trend the crisis necessitated. It's not enough to have one household computer anymore, or as Enrique Lores, the CEO of Dell's rival HP (NYSE: HP), told Bloomberg, "Rather than having one PC per home, it's having one PC per person."
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Dell Technologies Dell Technologies (NYSE: DELL) is one of those companies whose stock took a hit early on in the pandemic, but quickly regained its footing as investors realized it was perfectly situated to capitalize on the work-from-home trend the crisis necessitated. It's not enough to have one household computer anymore, or as Enrique Lores, the CEO of Dell's rival HP (NYSE: HP), told Bloomberg, "Rather than having one PC per home, it's having one PC per person." Despite the dramatic gains Dell Technologies stock has made, shares still trade at a fraction of their sales, and they go for less than 10 times next year's earnings and only five times its free cash flow.
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4cf09bd9-256d-4377-872f-830a5ad1fa6d
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726094.0
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2020-09-09 00:00:00 UTC
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Should You Buy Nutanix After Its Latest Spike?
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DELL
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https://www.nasdaq.com/articles/should-you-buy-nutanix-after-its-latest-spike-2020-09-09
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nan
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nan
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Nutanix (NASDAQ: NTNX) has been busy getting back on track after a major setback in February that saw investors hitting the sell button on account of its lukewarm guidance. But shares of the cloud-based hyper-convergence specialist have recovered dramatically over the past six months, thanks to signs of a turnaround in the business.
Data by YCharts.
But the stock's rally hit a higher gear in late August as the stock shot up nearly 30% in a single day following the company's fiscal 2020 fourth-quarter earnings report. That sharp spike had less to do with the company's financial performance, as revenue increased just 9% year over year to $328 million, beating the Wall Street consensus by a small margin.
The gains had more to do with a $750 million investment in the form of convertible senior notes from Bain Capital Private Equity -- an infusion some think will bring about a change in the company's fortunes. But does that make the stock a buy? Let's find out.
Image source: Getty Images.
Nutanix is headed in the right direction
Nutanix operates in the fast-growing hyper-converged cloud infrastructure (HCI) market that is clocking an estimated compound annual growth rate of 30.7%, according to Allied Market Research. The market is expected to sustain that pace through 2026, but Nutanix has failed to capitalize on this opportunity as its declining revenue growth rate over the past few years shows us.
In fact, Nutanix is growing its top line at a much slower pace than the industry overall -- fiscal 2020 revenue was up just 5.7%.
Data by YCharts.
One could lay the blame for the slow revenue growth on the transition from a product-based model to a subscription-based one that Nutanix made nearly three years ago. As a result, it had to recognize revenue over the lifetimes of the contracts penned with customers instead of recording them upfront.
However, that pivot has paid dividends as Nutanix's gross margin has improved dramatically over the years. Additionally, the transition is going well -- subscription revenue jumped 46% year over year to $285 million in the fiscal fourth quarter. It now accounts for 87% of total revenue versus 65% at the end of the prior-year period.
Deferred revenue also increased 30% year over year to $1.18 billion at the end of the fiscal fourth quarter. That level of growth hints at the strength of the subscription business as this figure measures the revenue collected in advance for services that will be provided later. The deferred revenue will be recognized as actual revenue when the service delivery takes place, indicating that Nutanix might be able to improve its top-line performance.
The company's customer base swelled 22% year over year, and the number of high-value clients also increased at an impressive pace. This latter group -- the number of customers with lifetime bookings of more than $1 million -- increased 31% from the prior-year period to 1,207 last quarter. The number of customers who have pledged to spend more than $10 million with Nutanix saw a sharp increase of 43%.
In all, it is evident that Nutanix is pulling the right strings, and its growth should accelerate going forward. Management will use the $750 million investment from Bain Capital, which should close later this month, to support the company's growth initiatives.
So don't be surprised to see Nutanix bump its spending on sales and marketing -- an area that was previously trending lower -- to acquire more customers in the new fiscal year and beyond
Data by YCharts.
Is the stock a good bet?
Nutanix is one of the top players in the fast-growing HCI market. IDC estimates that Nutanix controlled nearly 14% of the market at the end of 2019, second only to Dell Technologies, which leads this space with a third of the market under its control.
Beyond the fresh infusion of capital from Bain that can help Nutanix strengthen its position in the space and accelerate the pace of customer growth and subscription sales, company founder and CEO Dheeraj Pandey announced he will also be stepping down after 11 years at the helm. New leadership could be a blessing in disguise for Nutanix as the company works to reestablish its momentum, and the stock is still an attractive long-term tech play.
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Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool recommends Nutanix. 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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IDC estimates that Nutanix controlled nearly 14% of the market at the end of 2019, second only to Dell Technologies, which leads this space with a third of the market under its control. Nutanix (NASDAQ: NTNX) has been busy getting back on track after a major setback in February that saw investors hitting the sell button on account of its lukewarm guidance. So don't be surprised to see Nutanix bump its spending on sales and marketing -- an area that was previously trending lower -- to acquire more customers in the new fiscal year and beyond Data by YCharts.
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IDC estimates that Nutanix controlled nearly 14% of the market at the end of 2019, second only to Dell Technologies, which leads this space with a third of the market under its control. That sharp spike had less to do with the company's financial performance, as revenue increased just 9% year over year to $328 million, beating the Wall Street consensus by a small margin. Additionally, the transition is going well -- subscription revenue jumped 46% year over year to $285 million in the fiscal fourth quarter.
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IDC estimates that Nutanix controlled nearly 14% of the market at the end of 2019, second only to Dell Technologies, which leads this space with a third of the market under its control. Nutanix is headed in the right direction Nutanix operates in the fast-growing hyper-converged cloud infrastructure (HCI) market that is clocking an estimated compound annual growth rate of 30.7%, according to Allied Market Research. The market is expected to sustain that pace through 2026, but Nutanix has failed to capitalize on this opportunity as its declining revenue growth rate over the past few years shows us.
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IDC estimates that Nutanix controlled nearly 14% of the market at the end of 2019, second only to Dell Technologies, which leads this space with a third of the market under its control. That sharp spike had less to do with the company's financial performance, as revenue increased just 9% year over year to $328 million, beating the Wall Street consensus by a small margin. Deferred revenue also increased 30% year over year to $1.18 billion at the end of the fiscal fourth quarter.
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aec0c4ef-5863-4ee0-b7f0-7d136afed8eb
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726095.0
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2020-09-04 00:00:00 UTC
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Noteworthy Friday Option Activity: MAR, DELL, MU
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DELL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-mar-dell-mu-2020-09-04
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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 Marriott International, Inc. (Symbol: MAR), where a total volume of 16,200 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of MAR's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $115 strike call option expiring November 20, 2020, with 2,025 contracts trading so far today, representing approximately 202,500 underlying shares of MAR. Below is a chart showing MAR's trailing twelve month trading history, with the $115 strike highlighted in orange:
Dell Technologies Inc (Symbol: DELL) options are showing a volume of 11,511 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 52.9% of DELL's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $57.50 strike put option expiring September 18, 2020, with 2,084 contracts trading so far today, representing approximately 208,400 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
And Micron Technology Inc. (Symbol: MU) saw options trading volume of 98,710 contracts, representing approximately 9.9 million underlying shares or approximately 52.8% of MU's average daily trading volume over the past month, of 18.7 million shares. Particularly high volume was seen for the $50 strike call option expiring September 18, 2020, with 10,611 contracts trading so far today, representing approximately 1.1 million underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for MAR options, DELL options, or MU 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 $57.50 strike put option expiring September 18, 2020, with 2,084 contracts trading so far today, representing approximately 208,400 underlying shares of DELL. Below is a chart showing MAR's trailing twelve month trading history, with the $115 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 11,511 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 52.9% of DELL's average daily trading volume over the past month, of 2.2 million shares.
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Below is a chart showing MAR's trailing twelve month trading history, with the $115 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 11,511 contracts thus far today. Below is a chart showing DELL's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Micron Technology Inc. (Symbol: MU) saw options trading volume of 98,710 contracts, representing approximately 9.9 million underlying shares or approximately 52.8% of MU's average daily trading volume over the past month, of 18.7 million shares. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 52.9% of DELL's average daily trading volume over the past month, of 2.2 million shares.
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Below is a chart showing DELL's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Micron Technology Inc. (Symbol: MU) saw options trading volume of 98,710 contracts, representing approximately 9.9 million underlying shares or approximately 52.8% of MU's average daily trading volume over the past month, of 18.7 million shares. Below is a chart showing MAR's trailing twelve month trading history, with the $115 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 11,511 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 52.9% of DELL's average daily trading volume over the past month, of 2.2 million shares.
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Particularly high volume was seen for the $57.50 strike put option expiring September 18, 2020, with 2,084 contracts trading so far today, representing approximately 208,400 underlying shares of DELL. Below is a chart showing DELL's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Micron Technology Inc. (Symbol: MU) saw options trading volume of 98,710 contracts, representing approximately 9.9 million underlying shares or approximately 52.8% of MU's average daily trading volume over the past month, of 18.7 million shares. Below is a chart showing MAR's trailing twelve month trading history, with the $115 strike highlighted in orange: Dell Technologies Inc (Symbol: DELL) options are showing a volume of 11,511 contracts thus far today.
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811f5b9f-17c2-42bf-867c-02806211c54a
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726096.0
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2020-09-03 00:00:00 UTC
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Why You Should Hold Onto Your HP Shares, Even After the Post-Earnings Pop
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DELL
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https://www.nasdaq.com/articles/why-you-should-hold-onto-your-hp-shares-even-after-the-post-earnings-pop-2020-09-03
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nan
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nan
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It would be easy to decide now's the time to sell. HP (NYSE: HPQ) shares are up nearly 50% from their March low, with the last leg of that journey being the surge after a pleasantly surprising second-quarter report. Sales of HP personal computers were even better than expected after tens of thousands of employees were suddenly forced to start working from home. That demand surge clearly won't last, though.
Except it won't exactly start to shrink from here either, at least according to technology market research outfit International Data Corp., or IDC. IDC isn't exactly calling for explosive growth for PCs going forward. But it is saying the multiyear shrinking streak is coming to a close now that tablets and laptops can feasibly be one and the same. HP stands ready to win market share in this next era of personal computing. In fact, it's already shown it's got the right stuff.
Image source: Getty Images.
It's uneven, but growth's in the cards
IDC's expected compounded annual growth rate -- as measured in PC unit sales -- is modeled to be a mere 1.3% between now and the end of 2024.
It's admittedly not a lot. However, it is a distinct turnaround from the PC industry's slow implosion that first took root in 2011, when consumers started to realize tablets like the iPad from Apple (NASDAQ: AAPL) and Samsung's (OTC: SSNLF) handheld devices did all that most people needed done. In unit terms, IDC is calling for the delivery of 360.9 million personal computing devices this year, but forecasting the delivery of 379.9 million devices in 2024.
The forecasted mix of device types, however, will accelerate a trend that's been building for some time. Traditional desktops and even traditional notebooks or laptops will continue to fall out of favor. So-called ultraslims (that generally weigh less than three pounds), 2-in-1 devices, and slate tablets will take center stage. IDC projects that ultraslims will dominate the PC market by 2024, accounting for nearly 117 million of the 380 million units expected to ship that year. That category's growth will also be the biggest from present levels, followed closely by 2-in-1 devices.
HP wins
Enter HP. It's already got solid representation within these critical next-generation categories, like the ENVY x360 that acts as a laptop -- complete with keyboard -- or a tablet. The company's EliteBook 840 G7 Notebook series offers high-power computing without the bulkiness one would normally expect of such machines, weighing in at just under three pounds.
HP did well with these categories during the COVID-affected quarter ending in July too. Notebooks accounted for 51% of the company's top line, with workstations and other types of personal computing systems other than desktops accounting for another 6% of its sales mix. A year ago, those numbers were 39% and 6%, respectively.
And lest you think a smaller revenue tally was the reason HP's notebook business was up a quarter ago, it wasn't. Last quarter's top line was down a very modest 2.1%, with notebook revenue itself growing 30% to keep its overall computing segment ahead of its comps. Printing-related sales was the key culprit. They fell nearly 19% year over year.
That data nugget alone is encouraging, but not necessarily convincing. After all, rivals Lenovo (OTC: LNVGF) and Dell Technologies (NYSE: DELL) are answering the call for more 2-in-1s and ultraslims as well.
The recent global turbulence stemming from the coronavirus pandemic, however, may have revealed a detail that upgrades the bullish argument for HP from merely encouraging to completely convincing. That is, HP gained market share at the expense of Dell and Lenovo during the second quarter. IDC says HP's traditional PC shipments (including notebooks) of 18.08 million units translated into a market share of 25%, up from 23.6% in the same quarter a year earlier. Outside of much smaller personal computing name Apple, HP's 17.7% increase in deliveries was the biggest among the major names in the business.
The data tells us at least one of two things. At the very least, it says HP has a strong enough supply chain to deliver computing hardware despite all the supply constraints cultivated by COVID-19. Second, the number may also tacitly suggest that when forced to make a purchase, consumers and companies opted for the older and seemingly more established HP.
Bottom line
Its growth may never reach high-octane status again, particularly given how its printing division is facing a headwind that may never abate. Even if HP outpaces its peers, IDC's anticipated annual PC market growth of just a little more than 1% per year still doesn't set the stage for a great deal of upside.
What HP lacks in growth potential, however, it makes up for in value and visibility. Newcomers can step into a new position at only around 10 times the company's past and projected earnings, plugging into a personal computing market that isn't going to simply vanish. Consumers as well as workers have to have some way of connecting to the web. HP's been their top choice of late.
10 stocks we like better than HP
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 HP wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 1, 2020
James Brumley has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends 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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After all, rivals Lenovo (OTC: LNVGF) and Dell Technologies (NYSE: DELL) are answering the call for more 2-in-1s and ultraslims as well. That is, HP gained market share at the expense of Dell and Lenovo during the second quarter. However, it is a distinct turnaround from the PC industry's slow implosion that first took root in 2011, when consumers started to realize tablets like the iPad from Apple (NASDAQ: AAPL) and Samsung's (OTC: SSNLF) handheld devices did all that most people needed done.
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After all, rivals Lenovo (OTC: LNVGF) and Dell Technologies (NYSE: DELL) are answering the call for more 2-in-1s and ultraslims as well. That is, HP gained market share at the expense of Dell and Lenovo during the second quarter. In unit terms, IDC is calling for the delivery of 360.9 million personal computing devices this year, but forecasting the delivery of 379.9 million devices in 2024.
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After all, rivals Lenovo (OTC: LNVGF) and Dell Technologies (NYSE: DELL) are answering the call for more 2-in-1s and ultraslims as well. That is, HP gained market share at the expense of Dell and Lenovo during the second quarter. In unit terms, IDC is calling for the delivery of 360.9 million personal computing devices this year, but forecasting the delivery of 379.9 million devices in 2024.
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After all, rivals Lenovo (OTC: LNVGF) and Dell Technologies (NYSE: DELL) are answering the call for more 2-in-1s and ultraslims as well. That is, HP gained market share at the expense of Dell and Lenovo during the second quarter. HP stands ready to win market share in this next era of personal computing.
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abecda20-fdbe-492b-9756-50f7eccabdc5
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726097.0
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2020-09-02 00:00:00 UTC
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Intel releases new laptop chips to confront rising rivals
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DELL
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https://www.nasdaq.com/articles/intel-releases-new-laptop-chips-to-confront-rising-rivals-2020-09-02
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nan
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nan
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By Stephen Nellis
Sept 2 (Reuters) - Intel Corp INTC.O on Wednesday unveiled "Tiger Lake," the 11th generation version of its flagship chip for laptops.
The company said the chips use a new manufacturing technique and other tweaks that will make them more powerful at tasks such as using artificial intelligence to reduce background noise during video calls.
The company said it worked with laptop makers including Dell Technologies DELL.Nand Samsung Electronics Co Ltd 005930.KSand that there will be 50 different machines from different makers available for the holiday shopping season.
The Tiger Lake processors come as Intel, one of the few chip companies that both designs and makes its own chips, has struggled with manufacturing delays. The company has started to lose market share to rivals such as Advanced Micro Devices Inc AMD.Othat use outside manufacturers such as Taiwan Semiconductor Manufacturing Co 2330.TW.
(Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Arun Koyyur and Tom Brown)
((munsif.vengattil@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 said it worked with laptop makers including Dell Technologies DELL.Nand Samsung Electronics Co Ltd 005930.KSand that there will be 50 different machines from different makers available for the holiday shopping season. By Stephen Nellis Sept 2 (Reuters) - Intel Corp INTC.O on Wednesday unveiled "Tiger Lake," the 11th generation version of its flagship chip for laptops. The company said the chips use a new manufacturing technique and other tweaks that will make them more powerful at tasks such as using artificial intelligence to reduce background noise during video calls.
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The company said it worked with laptop makers including Dell Technologies DELL.Nand Samsung Electronics Co Ltd 005930.KSand that there will be 50 different machines from different makers available for the holiday shopping season. By Stephen Nellis Sept 2 (Reuters) - Intel Corp INTC.O on Wednesday unveiled "Tiger Lake," the 11th generation version of its flagship chip for laptops. The Tiger Lake processors come as Intel, one of the few chip companies that both designs and makes its own chips, has struggled with manufacturing delays.
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The company said it worked with laptop makers including Dell Technologies DELL.Nand Samsung Electronics Co Ltd 005930.KSand that there will be 50 different machines from different makers available for the holiday shopping season. The company said the chips use a new manufacturing technique and other tweaks that will make them more powerful at tasks such as using artificial intelligence to reduce background noise during video calls. The Tiger Lake processors come as Intel, one of the few chip companies that both designs and makes its own chips, has struggled with manufacturing delays.
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The company said it worked with laptop makers including Dell Technologies DELL.Nand Samsung Electronics Co Ltd 005930.KSand that there will be 50 different machines from different makers available for the holiday shopping season. By Stephen Nellis Sept 2 (Reuters) - Intel Corp INTC.O on Wednesday unveiled "Tiger Lake," the 11th generation version of its flagship chip for laptops. The company said the chips use a new manufacturing technique and other tweaks that will make them more powerful at tasks such as using artificial intelligence to reduce background noise during video calls.
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ba395600-09ab-409b-863d-a1eac80f317c
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726098.0
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2020-09-02 00:00:00 UTC
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Don't Be Fooled: HP Still Faces the Same Old Problems
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DELL
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https://www.nasdaq.com/articles/dont-be-fooled%3A-hp-still-faces-the-same-old-problems-2020-09-02
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nan
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nan
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HP's (NYSE: HPQ) stock recently popped after the PC and printer maker's third-quarter earnings beat analysts' expectations. Its revenue declined 2% year-over-year to $14.3 billion, but still beat estimates by $1.01 billion. Its adjusted earnings fell 16% to $0.49 per share, but also topped estimates by $0.06.
Those headline numbers seem weak, but there were a few bright spots throughout HP's report. Unfortunately, those scattered embers probably won't ignite a rally anytime soon.
Image source: HP.
HP's key challenges
HP generated 72% of its revenue in the third quarter from its personal systems business, which sells desktops, laptops, and workstations. The remaining 28% came from its printing business, which sells printers and supplies.
HP's personal systems business has generated steady growth in recent years, buoyed by stable demand for its higher-end laptops, convertible devices, and gaming PCs. The COVID-19 crisis also lit a fire under this business as remote work, distance learning, and stay-at-home measures boosted sales of new PCs.
However, HP's printing business has been struggling, due to long hardware upgrade cycles, a shift toward paperless workplaces, and competition from generic ink and toner makers. Those headwinds are all disrupting its razor-and-blades model, which requires HP to sell lower-margin printers to secure higher-margin supply revenue over longer periods. The COVID-19 crisis exacerbated that pain across the enterprise market.
How did those businesses fare?
Here's how HP's two main businesses fared during the third quarter:
SEGMENT
REVENUE
GROWTH (YOY)
GROWTH (QOQ)
Personal systems
$10.4 billion
7%
25%
Printing
$3.9 billion
(20%)
(5%)
Data source: HP. YOY = Year over year. QOQ = Quarter over quarter.
The personal systems unit's growth marked a significant improvement from its 7% decline in the second quarter, which was throttled by pandemic-induced supply chain disruptions. The resolution of those issues, along with elevated demand for new PCs throughout the crisis, enabled its growth to accelerate significantly into the third quarter.
Image source: Getty Images.
Within that business, a 42% year-over-year jump in consumer revenue easily offset a 6% decline in its commercial revenue. Its total notebook shipments surged 32% and offset a 30% decline in desktop shipments. The unit's operating margin dipped 10 basis points to 5.5%, but the segment's robust revenue growth lifted its operating profit for the 11th straight quarter.
In the printing business, HP's commercial hardware revenue declined 37% year over year while its supplies revenue fell 19%. However, its consumer hardware revenue rose 7% as remote work and stay-at-home trends generated fresh demand for home printers. Despite that slight improvement on the consumer front, the unit's loss of its higher-margin commercial and supply revenues still reduced its operating margin by 340 basis points to 12.2%.
HP's contracting operating margins in both segments reduced its total operating margin 160 basis points to 7.2%. It tried to offset that contraction with $953 million in buybacks, but its adjusted EPS still declined sharply.
Better-than-expected earnings growth
HP didn't provide any top-line guidance, but it expects its fourth-quarter adjusted EPS to decline 10%-17% year over year and for its full-year EPS to dip 2%-4%. Those growth rates aren't impressive, but HP's full-year EPS guidance surpassed analysts' expectations for a 6% decline. HP expects to generate $2.5 billion to $3 billion in free cash flow (FCF) for the full year, down sharply from its FCF of $4 billion last year.
During the conference call, CEO Enrique Lores declared HP would still return "100%" of its FCF to investors "over the long term, unless higher return on investment opportunities emerge." CFO Steve Fieler also said HP remained "committed to a robust dividend," which suggests its forward yield of 3.6% remains safe in this volatile market.
HP didn't provide any longer-term forecasts, but analysts expect its revenue to dip 1% next year as its earnings grow 9%. Those growth rates are weak, but they're reasonable for a stock that trades at just eight times forward earnings.
But HP still faces significant headwinds
HP's low valuation and high dividend could set a floor under its stock, but the company still hasn't resolved its biggest problems.
The personal systems segment's COVID-19 boost will likely fade over the next few quarters, and the unit still faces intense competitive pressure from rivals like Lenovo (OTC: LNVGY) and Dell (NYSE: DELL). Neither company is burdened with a massive legacy printer business: Lenovo doesn't sell first-party printers, and Dell stopped selling printers two years ago.
The growth of HP's consumer printing business is encouraging, but that momentum could fade when the pandemic ends. Meanwhile, HP's withering printing supply business continues to weigh down its margins. That pressure will likely force HP to spend more of its FCF on buybacks, which is unsustainable over the long term because its declining net income will throttle its FCF growth.
Simply put, HP cleared Wall Street's low bar with its third-quarter earnings and guidance, but it faces the same old problems. Therefore, investors should stick with other mature tech stocks until HP stabilizes its ailing print business.
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Leo Sun has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The personal systems segment's COVID-19 boost will likely fade over the next few quarters, and the unit still faces intense competitive pressure from rivals like Lenovo (OTC: LNVGY) and Dell (NYSE: DELL). Neither company is burdened with a massive legacy printer business: Lenovo doesn't sell first-party printers, and Dell stopped selling printers two years ago. HP's personal systems business has generated steady growth in recent years, buoyed by stable demand for its higher-end laptops, convertible devices, and gaming PCs.
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The personal systems segment's COVID-19 boost will likely fade over the next few quarters, and the unit still faces intense competitive pressure from rivals like Lenovo (OTC: LNVGY) and Dell (NYSE: DELL). Neither company is burdened with a massive legacy printer business: Lenovo doesn't sell first-party printers, and Dell stopped selling printers two years ago. In the printing business, HP's commercial hardware revenue declined 37% year over year while its supplies revenue fell 19%.
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The personal systems segment's COVID-19 boost will likely fade over the next few quarters, and the unit still faces intense competitive pressure from rivals like Lenovo (OTC: LNVGY) and Dell (NYSE: DELL). Neither company is burdened with a massive legacy printer business: Lenovo doesn't sell first-party printers, and Dell stopped selling printers two years ago. HP's key challenges HP generated 72% of its revenue in the third quarter from its personal systems business, which sells desktops, laptops, and workstations.
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The personal systems segment's COVID-19 boost will likely fade over the next few quarters, and the unit still faces intense competitive pressure from rivals like Lenovo (OTC: LNVGY) and Dell (NYSE: DELL). Neither company is burdened with a massive legacy printer business: Lenovo doesn't sell first-party printers, and Dell stopped selling printers two years ago. The remaining 28% came from its printing business, which sells printers and supplies.
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5b5c01f1-35f4-4ed6-949c-f602b8bcbf68
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726099.0
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2020-08-28 00:00:00 UTC
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Tech powers S&P 500 to record closing high, Dow now positive for the year
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DELL
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https://www.nasdaq.com/articles/tech-powers-sp-500-to-record-closing-high-dow-now-positive-for-the-year-2020-08-28-0
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nan
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nan
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By Stephen Culp
NEW YORK, Aug 28 (Reuters) - Wall Street advanced on Friday, with technology stocks driving the S&P 500 to its sixth record closing high since confirming a bull market on Aug. 18.
The Nasdaq also set an all-time closing high and the blue-chip Dow is now in positive territory year-to-date.
The S&P 500 is close to wrapping up what appears to be its best August in 34 years.
All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq.
"Tech stocks have driven much of the recovery this year, but we are seeing breadth expand, which is helping indices like the Dow Jones Industrial Average," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
Stocks extended their gains after a top aide to President Donald Trump said the president is willing to sign a $1.3 trillion coronavirus relief bill, four weeks after emergency unemployment benefits expired for millions of Americans.
Economic data released before the bell showed American consumers, who account for about 70% of the U.S. economy, increased their spending more than expected in July but the savings rate, a barometer of consumer uncertainty, remained elevated well above pre-pandemic levels.
The personal consumption expenditures (PCE) core index, which excludes food and energy, rose at a rate of 1.3% year-on-year. On Thursday, U.S. Federal Reserve Chair Jerome Powell unveiled a new monetary strategy adopting an average annual inflation target of 2%, implying the central bank could keep key interest rates near zero even if inflation rises above its target.
"(The Fed's) new-found acceptance of higher inflation suggests the recovery could continue for much longer, as will near-zero rates," Carter added.
United Airlines UAL.O and Coca-Cola Co KO.N rose 3.1% and 3.3%, respectively as they prepared for cost-cutting efforts including furloughs and voluntary separations.
But tech companies continue to benefit from companies shifting to a work-from-home model.
Business software company Workday Inc WDAY.O jumped 12.6% after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose 6.1% following its quarterly profit beat.
Walmart Inc WMT.N announced it was joining Microsoft Corp MSFT.O in its bid for TikTok's U.S. assets from Chinese owner ByteDance.
Shares of Walmart and Microsoft advanced 2.7% and 1.0%, respectively.
Nutanix Inc NTNX.O soared by 29.2% after the cloud service provider beat earnings expectations and Bain Capital invested about $750 million in the company.
Advancing issues outnumbered declining ones on the NYSE by a 2.47-to-1 ratio; on Nasdaq, a 2.01-to-1 ratio favored advancers.
The S&P 500 posted 28 new 52-week highs and no new lows; the Nasdaq Composite recorded 78 new highs and 17 new lows.
Volume on U.S. exchanges was 8.07 billion shares, compared with the 9.21 billion average over the last 20 trading days.
(Reporting by Stephen Culp; Editing by Tom Brown)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Business software company Workday Inc WDAY.O jumped 12.6% after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose 6.1% following its quarterly profit beat. By Stephen Culp NEW YORK, Aug 28 (Reuters) - Wall Street advanced on Friday, with technology stocks driving the S&P 500 to its sixth record closing high since confirming a bull market on Aug. 18. "Tech stocks have driven much of the recovery this year, but we are seeing breadth expand, which is helping indices like the Dow Jones Industrial Average," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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Business software company Workday Inc WDAY.O jumped 12.6% after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose 6.1% following its quarterly profit beat. All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq. On Thursday, U.S. Federal Reserve Chair Jerome Powell unveiled a new monetary strategy adopting an average annual inflation target of 2%, implying the central bank could keep key interest rates near zero even if inflation rises above its target.
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Business software company Workday Inc WDAY.O jumped 12.6% after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose 6.1% following its quarterly profit beat. By Stephen Culp NEW YORK, Aug 28 (Reuters) - Wall Street advanced on Friday, with technology stocks driving the S&P 500 to its sixth record closing high since confirming a bull market on Aug. 18. All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq.
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Business software company Workday Inc WDAY.O jumped 12.6% after raising its annual subscription forecast and Dell Technologies Inc DELL.N rose 6.1% following its quarterly profit beat. All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq. But tech companies continue to benefit from companies shifting to a work-from-home model.
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6d4bfcf3-bfff-49bf-a57e-0e961a0758c3
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