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Dell Technologies Inc Ordinary Shares - Class C DELL Stock Quote

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NYSE:DELL

Morningstar‘s Stock Analysis DELL

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Dell’s Rosy Quarter Soured by Rotting Demand Commentary; Maintain $50 FVE

Analyst Note

| William Kerwin |

We maintain our $50 fair value estimate for no-moat Dell Technologies in response to third-quarter results we viewed positively, but fiscal fourth-quarter guidance and macro commentary we see as troubling. Dell’s profitability impressed us in the October quarter as it benefited from deflationary component pricing and streamlined operating expenses. Nonetheless, January-quarter guidance missed our top line expectations and management previewed weakening demand in fiscal 2024 which implies a worse downcycle than we have been modeling. We’re lowering our short-term sales forecast, but we expect Dell to continue good expense management and our long-term earnings forecast is largely unchanged. We continue to see value for long-term investors after shares dipped following the release.

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Key Statistics DELL

Company Profile DELL

Business Description

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell is vertically-integrated but has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.

Contact
One Dell Way
Round Rock, TX, 78682
T +1 800 289-3355
Industry Computer Hardware
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 28, 2023
Employees 133,000

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