文章核心观点 - Dell Technologies公司(DELL)股价在2024年初至5月中旬期间大涨约140%,但随后又跌去一半,主要是因为人工智能(AI)对公司业务的影响引发了投资者的过度炒作,但实际上公司的业绩表现并未达到预期 [17] - 公司最近几个季度的财务表现总体良好,但收入增长乏力,主要是因为客户支出放缓和消费电子产品销售下滑 [18][19][20][21] - 公司的主要增长引擎现在是服务器业务,这也成为公司的主要投资主线,但相比同行公司,公司的整体盈利能力和上升空间较小 [21][22][23] - 公司当前的估值水平略显偏高,我们认为公司的合理估值区间在95-100美元左右,未来一年内可能上升至115-120美元 [24][25][26][27][28][29][30][31][32] 公司财务表现 - 公司最近几个季度的财务表现总体良好,但收入增长乏力,主要是因为客户支出放缓和消费电子产品销售下滑 [18][19][20] - 公司的主要增长引擎现在是服务器业务,这也成为公司的主要投资主线,但相比同行公司,公司的整体盈利能力和上升空间较小 [21][22][23] 公司估值分析 - 公司当前的估值水平略显偏高,我们认为公司的合理估值区间在95-100美元左右,未来一年内可能上升至115-120美元 [24][25][26][27][28][29][30][31][32]

文章核心观点 - Dell Technologies (DELL)预计在2025财年第二季度实现收入23.5-24.5亿美元,同比增长5% [1][2] - Dell的每股收益预计为1.65美元(+/- 10美分) [2] - Dell在过去4个季度中均超出了Zacks共识预期,平均盈利惊喜率为27.66% [5] 公司表现 - Dell的产品组合实力和不断扩大的合作伙伴基础是其在本季度表现出色的关键因素 [6] - Dell在人工智能优化服务器方面的需求强劲,第一季度人工智能优化服务器订单增加至26亿美元,发货量环比增长超过100% [7] - 但消费者市场疲软导致PC出货量下降,可能会拖累Dell本季度的收入增长 [7][8] 行业地位 - 与同行相比,Dell的股价年初至今上涨46%,超过了Zacks计算机和技术板块22.2%的涨幅以及计算机微型行业18.2%的涨幅 [9] - Dell的股价表现优于英伟达以外的其他同行,包括惠普、苹果和联想 [10] - Dell的股价估值较低,市盈率仅为12.59倍,远低于行业平均水平 [11][12] 未来前景 - Dell在人工智能服务器方面的强劲需求是推动其股价上涨的关键因素 [13][17][18] - Dell与英伟达、Meta、微软等公司的合作有助于提升其人工智能解决方案的竞争力 [14][15] - 与爱立信的合作也有助于拓展Dell在通信行业的业务 [16] - 但由于成本压力和产品组合不利因素,Dell的毛利率预计将在2025财年收缩约150个基点,这可能会影响其短期增长前景 [20]

Thinglass Introduction I have mentioned in most of my recent analyses that the US consumer is struggling. While this affects certain businesses negatively, others stand to benefit. Figuring out which companies benefit, and which ones struggle, isn’t easy. Even companies in the same industry may be affected in different ways. Company analyses I read don’t always incorporate this consumer analysis, which, I believe, is an integral part of research, especially now, as we approach the first rate cuts over a ...

文章核心观点 - 戴尔科技公司将在9月份参加两场重要的科技行业会议 [1][2] - 这些会议将由公司高管Michael Dell和Jeff Clarke分别主讲 [1][2] - 会议的网络直播和回放将在戴尔科技的投资者关系网页上提供 [3] - 戴尔科技是一家提供广泛创新技术和服务的公司,致力于帮助客户构建数字化未来,改变工作、生活和娱乐方式 [4] 根据相关目录分别进行总结 会议信息 - 戴尔科技将参加9月4日在纽约举行的Citi 2024 Global TMT Conference,由公司CEO Michael Dell主讲 [1] - 戴尔科技将参加9月10日在旧金山举行的Goldman Sachs Communacopia + Technology Conference,由公司COO Jeff Clarke主讲 [2] 公司概况 - 戴尔科技是一家提供广泛创新技术和服务的公司,致力于帮助客户构建数字化未来,改变工作、生活和娱乐方式 [4] - 戴尔科技是一家上市公司,股票代码为NYSE: DELL [1]

  Analyst Estimates for Q2 2025 Q1 2025 Q2 2024 Revenue $24.18 billion $22.24 billion $22.93 billion Diluted Earnings Per Share $1.15 $1.32 63 cents Net Income $871.01 million $955 million $455 million Key Metrics: Operating Margins in Focus Investors likely will be monitoring Dell's margins after the company's first-quarter results showed a double-digit decline in operating income, despite strong demand for AI servers. Analysts expect operating income to be $1.27 billion, derived from an estimated $24.1 ...

Analysts on Wall Street project that Dell Technologies (DELL) will announce quarterly earnings of $1.74 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $24.29 billion, increasing 5.9% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Be ...

The Nasdaq correction created some compelling investment opportunities. These two could be massive.Although the early August market pullback may have been short-lived, it created opportunities to purchase excellent companies at much lower valuations. The Nasdaq Composite entered correction territory (defined as 10% off its recent high) and pulled back nearly 14%, while the S&P 500 flirted with a correction. However, both indexes recouped the majority of their losses in more recent trading sessions. While so ...

Dell Technologies (DELL) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on August 29, 2024, might help the stock move higher if these key numbers are ...

The company's shares are far too cheap to ignore, a prominent bank believes.Being tagged as a top stock pick can do wonders for a company's share price. For proof, just look at Dell's (DELL 7.05%) run-up in the past few days. The tech hardware company's shares ballooned by 19% in price week to date as of late Thursday evening, according to data compiled by S&P Global Market Intelligence.A turn in the spotlight for the stockMuch of Dell's lift over the period was due to that selection. Before market open on ...

文章核心观点 - Dell Technologies股价大涨,主要得益于分析师看好公司在人工智能(AI)领域的长期增长机会 [1] - 超过3/4的分析师给予Dell股票"买入"评级,目标价较当前收盘价上涨超过38% [1] - 投资者将关注公司的利润率和AI潜力,此前Dell的第一季度财报导致股价下跌 [1] - 分析师认为Dell在AI服务器市场有长期增长机会,但需要展现利润率改善 [4] 公司相关 - Dell股价在过去一周上涨25%,今年以来涨幅达44% [1] - Dell第一季度业绩显示营业利润双位数下滑,但AI服务器需求强劲 [4] - 分析师认为Dell在AI服务器市场处于"起步阶段",有望实现AI相关收入增长 [4] - 分析师预计Dell下半年利润率将有所改善,成为公司业绩的转折点 [4] - Dell可能会加大成本削减力度以提升利润率,类似于英特尔和思科等传统企业 [5] 行业相关 - 分析师认为Dell在AI服务器市场面临竞争压力,需要展现利润率改善 [4] - AI服务器市场被认为处于"起步阶段",Dell有望从中获得长期增长 [4]