Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays and projectors; attached and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The VMware segment supports and addresses various IT priorities of customers, including accelerating their cloud journey, migrating and modernizing their applications, empowering digital workspaces, transforming networking, and embracing intrinsic security. It enables its customers to digitally transform their operations as they ready their applications, infrastructure, and employees for constantly evolving business needs. This segment also offers cloud-native platform that makes software development and IT operations a strategic advantage for customers. The company also provides information security; cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments; cloud-based integration services; and financial services. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
IPO Year: 2018
Exchange: NYSE
Website: delltechnologies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/30/2024 | $155.00 → $128.00 | Hold | TD Cowen |
| 8/30/2024 | Equal Weight → Overweight | Fox Advisors | |
| 8/13/2024 | $97.00 | Underweight → Equal Weight | Barclays |
| 5/31/2024 | $105.00 → $155.00 | Hold | TD Cowen |
| 5/29/2024 | $130.00 → $180.00 | Buy | BofA Securities |
| 5/21/2024 | $125.00 → $170.00 | Buy | Citigroup |
| 5/21/2024 | $94.00 → $98.00 | Underweight | Barclays |
| 5/21/2024 | $140.00 → $170.00 | Overweight | Wells Fargo |
| 5/15/2024 | $128.00 → $152.00 | Overweight | Morgan Stanley |
| 3/1/2024 | $75.00 → $105.00 | Market Perform | TD Cowen |
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TD Cowen reiterated coverage of Dell with a rating of Hold and set a new price target of $128.00 from $155.00 previously
Fox Advisors upgraded Dell from Equal Weight to Overweight
Barclays upgraded Dell from Underweight to Equal Weight and set a new price target of $97.00
TD Cowen reiterated coverage of Dell with a rating of Hold and set a new price target of $155.00 from $105.00 previously
BofA Securities reiterated coverage of Dell with a rating of Buy and set a new price target of $180.00 from $130.00 previously
Citigroup reiterated coverage of Dell with a rating of Buy and set a new price target of $170.00 from $125.00 previously
Wells Fargo reiterated coverage of Dell with a rating of Overweight and set a new price target of $170.00 from $140.00 previously
Barclays reiterated coverage of Dell with a rating of Underweight and set a new price target of $98.00 from $94.00 previously
Morgan Stanley reiterated coverage of Dell with a rating of Overweight and set a new price target of $152.00 from $128.00 previously
TD Cowen reiterated coverage of Dell with a rating of Market Perform and set a new price target of $105.00 from $75.00 previously
Financial giants have made a conspicuous bearish move on Dell Technologies. Our analysis of options history for Dell Technologies (NYSE:DELL) revealed 25 unusual trades. Delving into the details, we found 40% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $1,728,942, and 6 were calls, valued at $245,201. Predicted Price Range Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $230.0 for Dell Technologies over the recent three months. Analyzing Volume & Open Interest Looking at the volume and open interest is a powerful move while trad
Shares of NXP Semiconductor (NASDAQ:NXPI) took a 7.7% hit during Tuesday’s pre-market following the company’s announcement of a lower-than-expected third-quarter revenue forecast. What Happened: The semiconductor giant is wrestling with a slowdown in demand from its automotive customers and rising geopolitical tensions, leading to an approximately 8% decrease in its shares in extended trading. At the time of writing, NXP Semiconductor was trading at $261.81 in the pre-market after it closed at $283.81 on Monday, according to Benzinga Pro data. NXP Semiconductors’ customer base includes Apple (NASDAQ:AAPL), Bosch (OTC:BSWQY), Dell (NYSE:DELL), Ericsson, Flextronics, Foxconn (OTC:FXCO
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/26/24 $125.00 $211.5K 43.0K 138.7K AAPL CALL SW
The Nasdaq Composite dipped 0.70% during Thursday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Alphabet The Trade: Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Sundar Pichai sold a total of 22,500 shares at an average
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/19/24 $120.00 $116.6K 113.8K 193.6K AMD CALL SWEEP BEARISH 07/19/24 $157.5
Investors with a lot of money to spend have taken a bullish stance on Dell Technologies (NYSE:DELL). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DELL, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 8 uncommon options trades for Dell Technologies. This isn't normal. The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish. Out of all
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA PUT SWEEP BULLISH 07/19/24 $115.00 $30.7K 104.2K 175.2K AAPL PUT SWEE
Intel Capital, the venture arm of Intel Corp (NASDAQ:INTC), is standing out as a notable foreign investor in Chinese AI and semiconductor startups. This comes as the $147 billion chipmaker is receiving major funding from Washington to compete technologically with Beijing. Intel's involvement in Chinese tech, particularly AI, has raised national security concerns in the U.S. Globally, the venture arm has deployed over $20 billion since the 1990s under the leadership of Anthony Lin in San Francisco. Intel Capital has stakes in 43 China-based tech startups. Since its formation, the venture fund has invested in over 120 Chinese companies, reported Financial Times. Earlier this yea
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Red Hat Enterprise Linux AI becomes a preferred platform for AI deployments on Dell PowerEdge servers Dell PowerEdge servers to be the first servers validated for Red Hat Enterprise Linux AI to help customers more seamlessly develop, test and run large language models (LLMs) to power enterprise applications Dell Technologies (NYSE:DELL) and Red Hat, Inc., the world's leading provider of open source solutions, are bringing Red Hat Enterprise Linux AI (RHEL AI), a foundation model platform built on an AI-optimized operating system that enables users to more seamlessly develop, test and deploy artificial intelligence (AI) and generative AI (gen AI) models, to Dell PowerEdge servers. Thi
News summary Second quarter revenue of $25.0 billion, up 9% year over yearRecord Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80%Client Solutions Group (CSG) revenue of $12.4 billion, down 4% year over year, with commercial client revenue flat at $10.6 billionDiluted earnings per share of $1.17, up 86% year over year, and non-GAAP diluted earnings per share of $1.89, up 9%ROUND ROCK, Texas, Aug. 29, 2024 /PRNewswire/ -- Full storyDell Technologies (NYSE:DELL) announces finan
ROUND ROCK, Texas, Aug. 26, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) announces that Michael Dell, chairman & chief executive officer, and Jeff Clarke, vice chairman & chief operating officer, will present at the following conferences: Citi 2024 Global TMT Conference – New York, NYWednesday, Sept. 4, 20248:40 a.m. PT / 11:40 a.m. ETSpeaker: Michael Dell Goldman Sachs Communacopia + Technology Conference – San Francisco, CATuesday, Sept. 10, 20243:45 p.m. PT / 6:45 p.m. ETSpeaker: Jeff Clarke A live webcast and a replay of all conference webcasts will be available on D
ROUND ROCK, Texas, Aug. 15, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will conduct a conference call Thursday, Aug. 29, 2024, at 3:30 p.m. CDT to discuss its fiscal 2025 second quarter financial results. The conference will be available to the public as a live, audio-only webcast on Dell Technologies' website at investors.delltechnologies.com; an archived version will be available at the same location. The company will issue the results via a press release with accompanying financial statements before the conference call broadcast. At that time, the release, prepared
ROUND ROCK, Texas, July 22, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will conduct a conference call July 31 at 3 p.m. CT / 4 p.m. ET to discuss its corporate sustainability strategy. Speakers include Cassandra Garber, vice president, Corporate Sustainability and ESG; Alyson Freeman, customer innovation lead, Corporate Sustainability and ESG; and Hall Butler, senior director, Investor Relations. The live webcast and a replay of the webcast will be available on Dell Technologies' Investor Relations page at investors.delltechnologies.com. About Dell Technologies Dell Te
Rain Enhancement Technologies, Inc. ("RET") has entered into a business combination agreement with Coliseum Acquisition Corp.; once the business combination is completed, it is intended that the combined company will be listed on Nasdaq under the ticker symbol "RAIN." RET aims to develop, manufacture and commercialize ionization rainfall generation technology to provide additional rainfall for the energy, agriculture, logistics, transportation, decarbonization, and food industries, as well as supranational organizations, countries and localities. The transaction values RET at a pre-closing valuation of $45 million. Rain Enhancement Technologies, Inc. ("RET" or the "Company"), an e
ROUND ROCK, Texas, June 11, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) announces that its board of directors has declared a quarterly cash dividend of $0.445 per common share, which will be payable on Aug. 2 to shareholders of record as of July 23. Dell increased its annual cash dividend by 20% to $1.78 per common share following board approval in February of this year. About Dell TechnologiesDell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the
Most institutions have an AI strategy but lack the infrastructure, training, and data policies needed for implementation A new survey commissioned by SHI International, one of North America's largest IT solutions providers, and Dell Technologies underscores the transformative potential of artificial intelligence (AI) while exposing significant gaps in preparedness at many research institutions. The Center for Digital Education conducted the survey of leaders and IT professionals across the higher education space in the United States and found that around 50% of research universities have a defined strategy for deploying and managing AI technologies. However, only 13.2% say they are most
News summary First quarter revenue of $22.2 billion, up 6% year over yearInfrastructure Solutions Group (ISG) revenue of $9.2 billion, up 22% year over year, with record servers and networking revenue of $5.5 billion, up 42%Client Solutions Group (CSG) revenue of $12.0 billion, flat year over year, with commercial client revenue at $10.2 billion, up 3%Diluted earnings per share of $1.32, up 67% year over year, and non-GAAP diluted earnings per share of $1.27, down 3%ROUND ROCK, Texas, May 30, 2024 /PRNewswire/ -- Full story Dell Technologies (NYSE:DELL) announces financial res
News summary Second quarter revenue of $25.0 billion, up 9% year over yearRecord Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80%Client Solutions Group (CSG) revenue of $12.4 billion, down 4% year over year, with commercial client revenue flat at $10.6 billionDiluted earnings per share of $1.17, up 86% year over year, and non-GAAP diluted earnings per share of $1.89, up 9%ROUND ROCK, Texas, Aug. 29, 2024 /PRNewswire/ -- Full storyDell Technologies (NYSE:DELL) announces finan
ROUND ROCK, Texas, Aug. 15, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will conduct a conference call Thursday, Aug. 29, 2024, at 3:30 p.m. CDT to discuss its fiscal 2025 second quarter financial results. The conference will be available to the public as a live, audio-only webcast on Dell Technologies' website at investors.delltechnologies.com; an archived version will be available at the same location. The company will issue the results via a press release with accompanying financial statements before the conference call broadcast. At that time, the release, prepared
ROUND ROCK, Texas, July 22, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will conduct a conference call July 31 at 3 p.m. CT / 4 p.m. ET to discuss its corporate sustainability strategy. Speakers include Cassandra Garber, vice president, Corporate Sustainability and ESG; Alyson Freeman, customer innovation lead, Corporate Sustainability and ESG; and Hall Butler, senior director, Investor Relations. The live webcast and a replay of the webcast will be available on Dell Technologies' Investor Relations page at investors.delltechnologies.com. About Dell Technologies Dell Te
ROUND ROCK, Texas, June 11, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) announces that its board of directors has declared a quarterly cash dividend of $0.445 per common share, which will be payable on Aug. 2 to shareholders of record as of July 23. Dell increased its annual cash dividend by 20% to $1.78 per common share following board approval in February of this year. About Dell TechnologiesDell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the
News summary First quarter revenue of $22.2 billion, up 6% year over yearInfrastructure Solutions Group (ISG) revenue of $9.2 billion, up 22% year over year, with record servers and networking revenue of $5.5 billion, up 42%Client Solutions Group (CSG) revenue of $12.0 billion, flat year over year, with commercial client revenue at $10.2 billion, up 3%Diluted earnings per share of $1.32, up 67% year over year, and non-GAAP diluted earnings per share of $1.27, down 3%ROUND ROCK, Texas, May 30, 2024 /PRNewswire/ -- Full story Dell Technologies (NYSE:DELL) announces financial res
ROUND ROCK, Texas, May 21, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will conduct a conference call Thursday, May 30, 2024, at 3:30 p.m. CDT to discuss its fiscal 2025 first quarter financial results. The conference will be available to the public as a live, audio-only webcast on Dell Technologies' website at investors.delltechnologies.com; an archived version will be available at the same location. The company will issue the results via a press release with accompanying financial statements before the conference call broadcast. At that time, the release, prepared rem
News summary Fourth quarter revenue of $22.3 billion and full-year revenue of $88.4 billionFull-year operating income of $5.2 billion and non-GAAP operating income of $7.7 billionFull-year cash flow from operations of $8.7 billionFull-year diluted earnings per share of $4.36 and non-GAAP diluted earnings per share of $7.13Announcing a 20% increase in annual cash dividend to $1.78 per common shareROUND ROCK, Texas, Feb. 29, 2024 /PRNewswire/ -- Full storyDell Technologies (NYSE:DELL) announces financial results for its fiscal 2024 fourth quarter and full year. Fourth quarter r
New AI PCs help organizations implement AI strategies and prepare for the future Story Highlights Dell will have the broadest portfolio of commercial AI laptops and mobile workstations1New Dell AI PCs and workstations elevate performance, productivity and collaboration for everyday workers and power usersNew services leverage AI, telemetry and automation to deliver self-healing capabilities for PCsDell expands most intelligent headset portfolio with new AI-driven technologyROUND ROCK, Texas, Feb. 26, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will introduce the broadest portfolio of commercial AI laptops and mobile workstations designed to bring organizations and employee productivit
ROUND ROCK, Texas, Feb. 19, 2024 /PRNewswire/ -- Dell Technologies (NYSE:DELL) will conduct a conference call Thursday, Feb. 29, 2024, at 3:30 p.m. CST to discuss its fiscal 2024 fourth quarter and full-year financial results. The conference will be available to the public as a live, audio-only webcast on Dell Technologies' website at investors.delltechnologies.com; an archived version will be available at the same location. The company will issue the results via a press release with accompanying financial statements before the conference call broadcast. At that time, the rele
ROUND ROCK, Texas, Dec. 18, 2023 /PRNewswire/ -- Dell Technologies Inc. ("Dell Technologies") (NYSE:DELL) today announced the pricing terms of the previously announced cash tender offers (collectively, the "Offers") by Dell Inc., its wholly-owned subsidiary ("Dell"). Dell expects to accept for purchase $350,000,000 in aggregate principal amount of the 3.450% Senior Notes due 2051 and $150,000,000 aggregate principal amount of the 8.350% Senior Notes due 2046 that were validly tendered and not validly withdrawn at or before the Early Tender Deadline referenced below from the registered holders (collectively, the "Holders") thereof. Subject to the previously announced amended combined tender
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
ROUND ROCK, Texas, Sept. 26, 2023 /PRNewswire/ -- Dell Technologies (NYSE:DELL) has appointed Steve Mollenkopf as its newest independent member of the Dell Technologies board of directors, effective Sept. 27, 2023. Additionally, Simon Patterson, managing director of Silver Lake, has resigned as a member of the board of directors, effective Sept. 26, 2023. With the appointment of Mollenkopf, the Dell Technologies board of directors now seats eight directors, six of which are independent members. "Steve has decades of leadership and operating experience, with deep engineering ex
Company Adds Proven Sales Leader to Meet Cross-Sector Demand for Autonomous Cybersecurity Platform SentinelOne, the autonomous cybersecurity platform company, today announced the appointment of Daniel Donovan as Vice President, Americas Sales. Donovan brings more than 20 years of IT and security sales leadership experience to SentinelOne, most recently holding the position of VP/GM OneNA VMware Sales at Dell Technologies (NYSE:DELL). At Dell, Donovan was responsible for the company's North American software unit and spearheaded the consolidation of all market segments including enterprise, commercial, global, SMB, SLED and FED. During his tenure, Donovan established a multi-billion dollar