Dell Technologies (DELL)


November 28, 2022

DELL: Upon Further Review

By Steven Fox

We are making some further cuts to our F2024E (Jan) EPS for Dell Technologies (DELL; $43.58; E/W), from $6.50 to $6.10 (-19% YoY), to better consider ongoing competitive pressures we expect to continue across the…

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November 22, 2022

DELL: Manages FQ3 Well but Warns Further on Outlook

By Steven Fox

We raise F2023E (Jan) EPS from $6.80 to $7.50 (+21% YoY) as we also reduce F2024E EPS from $6.85 to $6.50 (-13% YoY) for Dell Technologies (DELL; $41.07; E/W) after the company produced a big…

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November 21, 2022

DELL: First Look at FQ3 (Oct) Results

By Steven Fox

Dell Technologies (DELL; $41.07; E/W) reported FQ3 (Oct) non-GAAP EPS of $2.30, which was well ahead of our $1.63 and the Street’s $1.60. Sales were somewhat better than forecasts ($24.72B vs. our $24.5B and consensus…

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November 15, 2022

DELL: Looking for Valuation Support with FQ3 Print

By Steven Fox

Ahead of its FQ3 (Oct) print next Monday (11/21 after market), Dell Technologies (DELL; $42.55; E/W) shares are down 25% YTD (vs. -17% for the S&P 500), even after its 26% rally from mid-October lows,…

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October 14, 2022

Building Out Its Next Frontier on the Edge

By Steven Fox

On Wednesday (10/12), Dell Technologies (DELL; $34.99; E/W) introduced Project Frontier, which is a software platform for edge compute applications that the company sees seamlessly integrating with its hardware portfolio (e.g., commercial PCs, servers, gateways)….

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August 26, 2022

A Slippery PC Slope Gets Slipperier

By Steven Fox

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August 25, 2022

First Look at FQ2 (Jul) Results

By Steven Fox

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August 23, 2022

More Takes Than Puts in FQ2E Results?

By Steven Fox

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May 26, 2022

First Look at FQ1 (Apr) Results

By Steven Fox

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May 3, 2022

Software is Eating Dell World

By Steven Fox

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