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NYSE:DVMT

Dell Technologies (DVMT) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$79.25
$81.60
50-Day Range
N/A
52-Week Range
$64.96
$107.22
Volume
1.92 million shs
Average Volume
3.87 million shs
Market Capitalization
$61.44 billion
P/E Ratio
12.97
Dividend Yield
N/A
Price Target
N/A
DVMT stock logo

About Dell Technologies Stock (NYSE:DVMT)

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services. The ISG segment provides traditional and next-generation storage solutions consisting of flash arrays, scale-out files, object platforms, and other software solutions; and rack, blade, tower, and hyper scale servers. The VMware segment offers compute, cloud, mobility, networking and security infrastructure software, including software-defined data center products, such as vSphere, vSAN, VMware NSX, and vRealize products; VMware Cloud solution that enables customers to run, manage, connect, and secure applications across private and public clouds; and end-user computing products comprising Workspace ONE solution, which enables IT organizations to deliver access to applications, data, and devices. The company also provides cybersecurity solutions; intelligence-driven information security solutions; cloud-native platform for software development and IT operations; cloud-based integration services; cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments; and financing 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.

DVMT Stock News Headlines

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Dell: A Deep Value AI Stock
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See More Headlines
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Industry, Sector and Symbol

Industry
Electronic Computers
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Net Income
$-3,728,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$78.66 billion
Cash Flow
$16.39 per share
Book Value
$18.78 per share

Miscellaneous

Free Float
N/A
Market Cap
$61.44 billion
Optionable
Optionable
Beta
0.47
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Key Executives

Should I Buy Dell Technologies Stock? DVMT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Dell Technologies Inc.:

  • Dell's PowerEdge XE9680 server, a GPU-enabled server, is experiencing unprecedented strength and has nearly $2 billion in backlog orders, indicating strong demand in the AI segment.
  • Recent financial reports show extraordinary results for the quarter, driven by a better demand environment and strong execution, which could lead to potential growth in the company's stock price.
  • Dell's focus on AI solutions, such as Generative AI models and Gen AI infrastructure portfolio, positions the company well in the rapidly growing AI market, offering long-term growth potential.
  • Significant strength in AI-enabled servers and growing demand for workstations, especially from AI developers and data scientists, could drive future revenue growth for Dell Technologies.
  • The recent cup and handle breakout pattern on Dell's stock chart, indicating a bullish trend, coupled with positive analyst ratings and price targets, may attract investors looking for growth opportunities.

Cons

Investors should be bearish about investing in Dell Technologies Inc. for these reasons:

  • While the company has shown strength in certain segments like AI and workstations, there may still be challenges in other areas, potentially leading to uneven revenue streams and performance.
  • Dependency on specific product lines, such as the PowerEdge XE9680 server, for a significant portion of revenue could pose risks if there are disruptions in supply chains or changes in market demand.
  • The stock price surge to new all-time highs may indicate overbought conditions, raising concerns about a possible correction or pullback in the near term.
  • Market volatility and macroeconomic factors could impact Dell's business operations and financial performance, leading to uncertainties for investors.
  • Competition in the IT products and services industry is intense, and Dell Technologies Inc. may face challenges in maintaining its market position and profitability against rivals.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Dell Technologies pros and cons to contact@marketbeat.com.

DVMT Stock Analysis - Frequently Asked Questions

What other stocks do shareholders of Dell Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dell Technologies investors own include Bank of America (BAC), Alibaba Group (BABA), VMware (VMW), Micron Technology (MU), NVIDIA (NVDA), Adobe (ADBE) and Netflix (NFLX).

This page (NYSE:DVMT) was last updated on 9/7/2024 by MarketBeat.com Staff

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