DELL - Dell Technologies Inc.
| Previous close | 55.05 |
| Open | 55.65 |
| Bid | 55.29 x 800 |
| Ask | 55.52 x 900 |
| Day's range | 55.16 - 55.85 |
| 52-week range | 41.58 - 70.55 |
| Volume | 1,425,510 |
| Avg. volume | 2,210,259 |
| Market cap | 40.319B |
| Beta (3Y monthly) | N/A |
| PE ratio (TTM) | 17.73 |
| EPS (TTM) | 3.14 |
| Earnings date | 26 Nov 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 66.16 |
- Zacks
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- Bloomberg
Here’s How KKR Might Just Pull Off the Biggest LBO in History
(Bloomberg) -- One of the private equity industry’s titans called it a “stretch,” and it’s been dismissed as a pipe dream by a bevy of analysts.Yet interviews in recent days with debt-market specialists suggest that KKR & Co. could find a narrow path to finance what would be the biggest leveraged buyout in history: a potential take-private deal for pharmacy chain Walgreens Boots Alliance Inc. that analysts have estimated would need to be funded with at least $50 billion of debt.The challenge for any Walgreens suitor will be raising the necessary money via the markets of choice for private equity firms -- junk-rated loans and bonds -- which have become fragile after an unprecedented borrowing binge left investors with a hangover. Debt funds that financed more than $3.5 trillion of leveraged buyouts in the past decade have become pickier, leaving banks stuck holding more than $2 billion of unsold loans on their balance sheets as recently as last month.But a road map may be hidden in two other recent debt-fueled takeovers: Dell Technologies Inc.’s $67 billion takeover of EMC Corp. in 2016 and Charter Communications Inc.’s $78.7 billion acquisition of Time Warner Cable Inc. that same year.Representatives for KKR and Walgreens declined to comment.Buyout BlueprintJunk-rated Dell and Charter both borrowed heavily in the investment-grade bond market by issuing secured debt. T-Mobile US Inc. is going down a similar route to help pay for its purchase of Sprint Corp.In Charter’s case, it pledged security to new and existing bonds issued by higher-rated Time Warner to ensure the debt remained investment-grade. Dell used a similar strategy when it bought investment-grade rated EMC. Walgreens’s debt could be segregated into two borrowing structures at a holding company level and an operating company portion, with investment-grade debt placed on the latter.In doing so, Dell and Charter won access to the most stable part of the corporate debt market, where investors are still buying heavily as an alternative to low or negative-yielding assets elsewhere. At the same time, they limited their reliance on leveraged finance markets, where sentiment can shift quickly and prove costly.Both companies did tap those markets, but with more manageable offerings. Bankers who asked not to be identified estimated that Walgreens would be able to raise between $10 billion and $20 billion of junk-rated debt to fund a buyout.Other market participants, who asked not to be named because they weren’t authorized to speak publicly, said KKR still might need to find a deep-pocketed third-party investor to help put more equity into the deal.Or it may seek to spin off a portion of Walgreens to lessen its financing needs. The company’s European operations could potentially bring in $18 billion to $20 billion, CreditSights analyst James Goldstein said in a phone interview.\--With assistance from Nabila Ahmed and Robert Langreth.To contact the reporters on this story: Natalie Harrison in New York at nharrison73@bloomberg.net;Lisa Lee in New York at llee299@bloomberg.net;Davide Scigliuzzo in New York at dscigliuzzo2@bloomberg.netTo contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net, Boris KorbyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Dell Unveils Subscription Model to Counter Amazon, Microsoft
(Bloomberg) -- Dell Technologies Inc. will offer business clients more flexible, on-demand buying options for products like servers and personal computers, seeking to counter the lure of cloud services from Amazon.com Inc. and Microsoft Corp.Customers will now be able to use Dell’s hardware based on their consumption, as a service, or through a subscription, the Round Rock, Texas-based company said Tuesday in a statement.Dell and its hardware peers have been under pressure to offer corporate clients the flexibility and simplicity of infrastructure cloud services. Public cloud titans such as Amazon Web Services and Microsoft Azure have cut demand for data-center hardware as more businesses look to rent computing power rather than invest in their own server farms. Rival Hewlett Packard Enterprise Co. said in June that it would move to a subscription model by 2022. Research firm Gartner Inc. predicts 15% of data-center hardware deals will include pay-per-use pricing in 2022, up from 1% in 2019, Dell said.“We really think it’s an important time for Dell to simplify the way we offer our portfolio and meet customers’ needs,” Sam Grocott, Dell’s senior vice president of product marketing, said in an interview. “This type of a model – as a service – was born in the cloud. As organizations have leveraged this model in the past, they have come to like it.”Dell is making it easier for clients to upgrade their hardware since they don’t have to spend a large amount of capital expenditures upfront, but can pay a smaller amount each month that counts toward a company’s operating expenditures. For the consumption programs, customers pay for the amount of storage or computing power they use. Companies can also hire Dell to completely manage their hardware infrastructure for them.While Dell’s overall sales climbed 2% in the quarter that ended Aug. 2, demand for its servers and networking gear dropped 12% in a reversal from last year, when there was unprecedented customer interest in the products.Dell still expects the vast majority of customers to pay upfront for products in the next three to five years, Grocott said.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Dell Aims to Make Women Half of Workforce in Diversity Push
(Bloomberg) -- Dell Technologies Inc. announced a goal to make half of its global workforce female by 2030, one of a raft of pledges meant to foster greater diversity and sustainability at the personal computer maker.The company also set a 2030 target for women to make up 40% of the employees worldwide who manage people. Women comprised 30.4% of Dell’s workforce as of February. And the company said it wants 25% of Dell’s U.S. workers to be African-American or Hispanic by 2030, an increase from almost 13% this year.Dell is among a number of technology companies that have mapped out grand pledges for a more diverse workforce. Facebook Inc. said in July that it wanted to double the number of women, black and Hispanic employees in the U.S. in the next five years -- so half of its U.S. workforce would be from underrepresented groups by 2024. Like several of its peers, including Oracle Corp. and Intel Corp., Dell has been accused by the U.S. Labor Department of paying women and ethnic minorities less than other employees in the same roles. Dell paid $7 million to settle such allegations in September.“We think there is a lot that is challenging the world right now and we are committed to being a significant contributor to solving these problems,” Christine Fraser, Dell’s chief responsibility officer, said in an interview. “We don’t think of it as something that’s nice to do. We think of it as a business imperative.”Dell will educate 95% of its 157,000 employees each year on topics such as unconscious bias, micro-aggressions and privilege, the Round Rock, Texas-based company said Tuesday in a statement.“It’s not just about putting the numbers out,” Brian Reaves, Dell’s chief diversity and inclusion officer, said. “The changes that are coming out behind these goals are in every part of our business.”Dell, which also makes servers, storage hardware and networking gear, said it would expand its sustainability efforts. By 2030, for every product a customer buys, the company said it will recycle or reuse an equivalent product. Dell will also make 100% of its packaging recyclable by the same deadline. More than half of the company’s product content will be made from recycled or renewable materials.“We see e-waste as one of the fastest-growing waste streams,” David Lear, Dell’s vice president of corporate sustainability, said in an interview. “We very intentionally design our products knowing we’ll get it back one day.”The company also said that 75% of the electricity at Dell facilities will come from renewable sources by 2030, and 100% by 2040. Currently, Dell’s headquarters north of Austin, Texas, are powered by renewable energy, Lear said.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Open Text to Buy Security Firm Carbonite for $23 a Share
(Bloomberg) -- Open Text Corp. announced a deal to acquire Carbonite Inc., a provider of data-protection services, for about $800 million in cash, according to a statement.The transaction of $23 per share for the Boston-based Carbonite is a 25% premium to the close of trading Friday. Bloomberg first reported the deal earlier Monday, and that Carbonite was mulling a sale in early September.When restricted share units and other stock interests are taken into account, the equity value of the deal rises to about $884 million, according to a representative for Open Text. Including debt, the enterprise value of the deal is about $1.4 billion.Before Monday, Carbonite’s shares were down about 38% in the past year, after a sharp fall in July when it cut its annual revenue forecast and announced Chief Executive Officer Mohamad Ali had decided to step down. That followed another sell-off in February amid investor concerns about the debt it was taking on to fund its $618 million all-cash takeover of Webroot Inc. in February.Carbonite rose 25% to $22.95 a share in New York trading Monday. Open Text rose 2.4% in Toronto.The company -- named after the fictional substance used to freeze Han Solo in Star Wars -- offers data backup, disaster recovery and other services to people and businesses, deriving most of its revenue from subscription fees, according to its website.Canada’s Open Text Corp was also weighing a takeover bid for rival software firm Micro Focus International Plc, according to people familiar with the matter. Open Text makes software used for searching corporate intranets and managing documents. In 2017, it acquired Dell Technologies Inc.’s enterprise content division for $1.6 billion.J.P. Morgan Chase & Co. acted as financial adviser to Carbonite.(Updates with diluted value share purchase in third paragraph)\--With assistance from Scott Deveau.To contact the reporters on this story: Ed Hammond in New York at ehammond12@bloomberg.net;Liana Baker in New York at lbaker75@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, Giles Turner, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Lenovo’s Profit Jumps 20% After Fending Off HP, Dell
(Bloomberg) -- Lenovo Group Ltd.’s quarterly earnings surged 20% after the Chinese personal computer giant safeguarded its market share against American rivals HP Inc. and Dell Technologies Inc.Net income rose 20% to $202.2 million in the three months ended September. That compares with the $201 million average of analysts’ estimates compiled by Bloomberg. Revenue increased 1% to $13.52 billion, versus the $13.7 billion average of 10 analysts’ estimates.Lenovo expects the global demand to “remain volatile amid a complex macro environment,” the company said in a statement, adding that it’s “well positioned to manage complex and dynamic market conditions.”Lenovo was responsible for nearly a quarter of worldwide PC shipments last quarter, thanks to a strong push in Europe, the Middle East and Japan, according to IDC, an industry research firm. The 17.3 million units shipped helped the Chinese company claim top spot in the market, beating long-time competitors HP and Dell.But Chief Executive Officer Yang Yuanqing has warned about uncertainty from U.S.-China trade tensions, which could disrupt its global business as well as a supply chain that stretches from North Carolina to Wuhan, China.Also on Yang’s checklist are plans to revive the datacenter business, which is suffering from sluggish demand because clients tend to cut back on hardware expenses amid economic uncertainty. The smartphone unit could also use a face-lift, as a business that’s shown few signs of growth outside of North and Latin America.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Why the Earnings Surprise Streak Could Continue for Dell Technologies (DELL)
Dell Technologies (DELL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- Zacks
The Zacks Analyst Blog Highlights: Pivotal Software, Verizon Communications, Dell Technologies, Microsoft and Adobe
The Zacks Analyst Blog Highlights: Pivotal Software, Verizon Communications, Dell Technologies, Microsoft and Adobe
- Zacks
CDW (CDW) Hits 52-Week High, Can the Run Continue?
CDW (CDW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- Zacks
5 Stocks to Make the Most of the Cloud Computing Boom
Cloud computing is growing rapidly and with an estimated CAGR of 22.3% in 2023 investing in these five stocks might be beneficial for investors.
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CDW to Post Q3 Earnings: What's in the Cards for the Stock?
CDW's third-quarter results are likely to reflect strong demand for its broad product and solutions across all its end markets.
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Zix (ZIXI) to Report Q3 Earnings: What's in the Offing?
High retention rate, customer wins and acquisitions are likely to have aided Zix's (ZIXI) third-quarter earnings.
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Twilio (TWLO) to Report Q3 Earnings: What's in the Cards?
Twilio's (TWLO) third-quarter earnings are likely to have benefited from the SendGrid buyout. Moreover, growing traction of new products is likely to have been a tailwind.
- Zacks
Zacks.com featured highlights include: Williams-Sonoma, Dell Technologies, T-Mobile US, Vistra Energy and Crown Castle International
Zacks.com featured highlights include: Williams-Sonoma, Dell Technologies, T-Mobile US, Vistra Energy and Crown Castle International
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Paycom (PAYC) to Post Q3 Earnings: What's in the Cards?
New business wins for HCM software solutions are likely to have aided Paycom Software's (PAYC) third-quarter earnings.
- Zacks
5 Top Ranked Stocks With Strong Sales Growth to Buy Now
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- Zacks
DELL or NOW: Which Is the Better Value Stock Right Now?
DELL vs. NOW: Which Stock Is the Better Value Option?
- Zacks
Are Investors Undervaluing Dell Technologies (DELL) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Yahoo Finance
Why the crash in software stocks isn't over
Software stocks have crashed. The selloff probably isn't over.
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Synnex (SNX) Hits Fresh High: Is There Still Room to Run?
Synnex (SNX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- Yahoo Finance
CrowdStrike CEO gives perfect answer on post IPO stock price tumble
Crowdstrike remains a business on fire, even if some on Wall Street are voicing views to the contrary.
- Zacks
5 Technology Stocks Set to Beat Estimates in Q3 Earnings
Here we pick five technology stocks that are likely to post positive earnings surprises in Q3.
- Bloomberg
Dell Launching Subscription Model to Counter Amazon, Microsoft
Nov.12 -- Dell Technologies Inc. is unveiling more flexible, on-demand buying options for its products as it seeks to counter cloud services from Amazon.com Inc. and Microsoft Corp. Bloomberg’s Taylor Riggs reports on "Bloomberg Markets."
