Dell Technologies (DELL)
May 22, 2023
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;…
March 3, 2023
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…
February 24, 2023
We think Dell Technologies’ (DELL; $42.03; E/W) “early” F2024 (Jan) sales outlook from a few months ago proves optimistic with FQ4 (Jan) results on Thursday (3/2 after market). Recall, Dell’s initial F2024E sales thinking called…
February 6, 2023
This morning, Dell Technologies (DELL; $41.41; E/W) disclosed in an 8-K, which included an internal memo to employees from Co-COO Jeff Clarke, that it is reducing headcount by ~5% across both Client Solutions Group (CSG;…
January 9, 2023
Last Thursday (1/5), we hosted an investor meeting at the Consumer Electronics Show (CES) in Las Vegas with members of Dell Technologies’ (DELL; $42.42; E/W) IR team, including Paul Frantz, VP of IR, and Christopher…
November 28, 2022
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…
November 22, 2022
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…
November 21, 2022
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…
November 15, 2022
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,…
October 14, 2022
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)….