Dell Technologies (DELL)

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…

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…

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…

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…

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…

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…

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…

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…

Yesterday, we sat in on Dell Technologies’ (DELL; $54.98; E/W) “Ask the Experts” Q&A call with Jeff Clarke, Vice Chairman and co-COO, John Roese, Global Technology Officer, and Jeff Boudreau, President, Infrastructure Solutions Group. The…

We bump up F2024E (Jan) EPS for Dell Technologies (DELL; $45.46; E/W) from $5.15 to $5.35 after the company raised full year EPS guidance from $5.00-5.60 to $5.25-5.75, albeit after FQ1 EPS (Apr) beat our…

Dell Technologies (DELL; $45.58; E/W) released its FQ1 (Apr) results at 3PM EST. Specifically, the company reported non-GAAP EPS of $1.31, which beat our $0.85 and the Street’s $0.86. Sales were better than our forecasts…

We are concerned our and Street forecasts for Dell Technologies (DELL; $45.43; E/W) go through another round of cuts after its FQ1 (Apr) print next Thursday (6/1 after market). Recall, Dell’s F2024E (Jan) outlook called…

Dell Technologies’ (DELL; $46.57; E/W) Co-COO Jeff Clarke led an interesting keynote earlier today during the second day of Dell Technologies World. The talk further highlighted the company’s accelerating pace of innovation that we see…

We listened to the Dell Technologies World keynote earlier today from Dell’s (DELL; $47.54; E/W) CEO Michael Dell and co-COO Chuck Whitten, along with some brief customer presentations by executives from CVS Health (CVS; $69.42;…

We cut F2024E (Jan) EPS for Dell Technologies (DELL; $40.17; E/W) from $6.10 to $5.15 after the company’s FQ1E (Apr) and full F2024E outlook disappointed, as we warned was likely. Dell pointed to weakening demand…