Dell Technologies (DELL)
May 23, 2023
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…
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)….