May 31, 2024
We adjust F2025/F2026E (Jan) EPS for Dell Technologies (DELL; $169.92; E/W) from $7.55/$8.40 to $7.65/$8.80 after management “only” raised F2025E EPS guidance from $7.25-7.75 to $7.40-7.90 (+4-11% YoY) following a slight FQ1 (Apr) EPS beat…
May 28, 2024
Last Thursday (5/23), Dell Technologies (DELL; $160.18; E/W) topped off a series of product and partnership announcements from its Dell Technologies World user conference with news that it is expanding on its existing partnership with…
May 23, 2024
We think the Street is looking for another healthy beat from Dell Technologies (DELL; $147.78; E/W) with its FQ1 (Apr) results and outlook next Thursday (5/30 after market) since guidance of the past six quarters…
May 22, 2024
Yesterday, we sat in on the second day of keynotes at Dell Technologies World, which was led by Dell’s (DELL; $146.68; E/W) Chief Operating Officer Jeff Clarke and included presentations from Arthur Lewis (President, Infrastructure…
May 21, 2024
Yesterday, we sat in on the Dell Technologies World keynote from Dell’s (DELL; $145.45; E/W) CEO Michael Dell in Las Vegas where the company put forward seven different product advancements, discussed below, aimed at better…
March 1, 2024
The shares of Dell Technologies (DELL; $119.75; E/W) are surging 25%+ this morning on the back of a big wave of enthusiasm for the company’s AI opportunities, in the context of a healthy FQ4 (Jan)…
February 23, 2024
Dell Technologies (DELL; $89.26; E/W) shares are up 17% YTD, including +10% since Wednesday’s close, ahead of the release of its FQ4 (Jan) results and outlook on Thursday (2/29 after market). We think recent optimism…
January 16, 2024
Last week, we hosted an investor meeting with Dell Technologies’ (DELL; $79.31; E/W) Paul Frantz, VP of IR, at the Consumer Electronics Show (CES) in Las Vegas. Our conversation highlighted a broadening range of reasons…
December 1, 2023
We adjust F2024E (Jan) EPS for Dell Technologies (DELL; $75.87; E/W) from $6.50 to $6.68 after the company produced a solid FQ3 (Oct) EPS beat, despite lower-than-expected revenues, albeit partially offset by FQ4E (Jan) guidance…
November 20, 2023
We think it especially difficult to “game” Dell Technologies (DELL; $73.60; E/W) upcoming FQ3 (Oct) results and outlook, scheduled for November 30th (after market). On one hand, Dell guidance of the past four quarters has…
October 9, 2023
Last Thursday (10/5), we attended Dell Technologies’ (DELL; $66.41; E/W) Securities Analyst Meeting in New York, which included presentations from CEO Michael Dell, CFO Yvonne McGill, COO Jeff Clarke, along with Arthur Lewis (President, Infrastructure…
September 1, 2023
Dell Technologies (DELL; $56.24; E/W) easily cleared its FQ2 (July) guidance bar on EPS of $1.74 (+4% YoY), beating our consensus matching $1.14 and its own $1.00-1.20. The beat was driven by much better-than-expected sales…
August 24, 2023
We approach the shares of Dell Technologies (DELL; $56.71; E/W) with caution into FQ2 (Jul) results and outlook next Thursday (8/31 after market). The stock is +25% (vs. +4% for the S&P 500) since FQ1…
August 2, 2023
On Monday (7/31), Dell Technologies (DELL; $52.94; E/W) introduced a new set of solutions (e.g., IT infrastructure, PCs, professional services) aimed at helping enterprises build Generative AI (GenAI) models on-premises in a quick and secure…
July 20, 2023
Last night, Dell Technologies (DELL; $53.65; E/W) announced it signed a definitive agreement to acquire privately held Moogsoft for an undisclosed amount, although it is highly unlikely the transaction “moves the needle” from a financial…