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Sep 01, 2019

Dell (DELL, $51.53) beats Q2 estimates, on strong enterprise demand for its PCs

Dell Technologies Inc.’s second quarter earnings came in higher than expected.

The maker of computers and software reported second quarter non-GAAP earnings of $2.15 a share, surpassing analysts’ expectations of $1.47 a share.

Revenue rose +2% year-over-year to reach $23.4 billion in the quarter, also beating the Street estimate of $23.27 billion.

Vice chairman Jeff Clarke emphasized that IT spending remained healthy.

The quarter saw exceptionally strong performance in Dell’s PC segment. Revenue from its PC unit surged +6% from the year-ago quarter to $11.7 billion. Commercial/enterprise revenue soared +12% year-over-year to $9.1 billion in the second quarter. Consumer revenue fell -12%, but that was cushioned by enterprise market – since the latter makes up the larger  part of the company’s total PC business.

However, Dell’s storage revenue was flat, while servers and networking sales declined -12%. 

 

Related Ticker: DELL

DELL in +2.48% Uptrend, rising for three consecutive days on November 30, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where DELL advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

DELL moved above its 50-day moving average on October 27, 2023 date and that indicates a change from a downward trend to an upward trend.

The Aroon Indicator entered an Uptrend today. In of 343 cases where DELL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for DELL moved out of overbought territory on December 01, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Momentum Indicator moved below the 0 level on December 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DELL as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DELL turned negative on December 01, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DELL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DELL broke above its upper Bollinger Band on November 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.390) is normal, around the industry mean (4.467). P/E Ratio (28.490) is within average values for comparable stocks, (60.497). Projected Growth (PEG Ratio) (10.988) is also within normal values, averaging (57.090). DELL has a moderately low Dividend Yield (0.020) as compared to the industry average of (0.036). P/S Ratio (0.583) is also within normal values, averaging (9.813).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DELL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DELL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), Western Digital Corp (NASDAQ:WDC), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 5.77B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was -0%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was 0%. NTAP experienced the highest price growth at 17%, while UAVS experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was 237%. For the same stocks of the Industry, the average monthly volume growth was 37% and the average quarterly volume growth was 13%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 63
Price Growth Rating: 56
SMR Rating: 72
Profit Risk Rating: 85
Seasonality Score: 27 (-100 ... +100)
Related Portfolios: Computer Stocks
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of computers and related products and services

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Processing Hardware
Address
One Dell Way
Phone
+1 800 289-3355
Employees
133000
Web
https://www.delltechnologies.com
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DELL and

Correlation & Price change

A.I.dvisor indicates that over the last year, DELL has been loosely correlated with HPQ. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if DELL jumps, then HPQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DELL
1D Price
Change %
DELL100%
-5.19%
HPQ - DELL
61%
Loosely correlated
+0.55%
NTAP - DELL
43%
Loosely correlated
-0.12%
WDC - DELL
40%
Loosely correlated
+0.17%
STX - DELL
39%
Loosely correlated
+0.10%
PSTG - DELL
34%
Loosely correlated
-0.48%
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