|Bid||80.09 x 800|
|Ask||0.00 x 800|
|Day's range||87.15 - 88.85|
|52-week range||59.93 - 92.40|
|PE ratio (TTM)||N/A|
|Earnings date||5 Sep 2018 - 10 Sep 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||104.17|
Earlier in the series, we discussed VMware’s (VMW) top line growth as well as its operating margins. In fiscal Q1 2019, VMware’s revenue rose 13.8%, while its net income rose approximately fourfold to $942 million from $245 million in fiscal Q1 2018. VMware’s profit surge in fiscal Q1 2019 was mainly the result of a one-time gain of $781 million from Pivotal Software’s IPO.
Pure Storage has been an unlikely leader in the storage industry. IT shops responded and began adopting Pure Storage's all-flash solutions into their performance applications. The entire storage industry scrambled to respond to the threat of all-flash arrays, and over just the past two years, all-flash arrays have become a standard part of every vendor's catalog.
Dell Technologies narrowed its first-quarter net loss to $636 million from $1.17 billion during the same quarter a year ago.
Dell Technologies Inc., the world’s largest private technology company, reported an upbeat first quarter, signaling the improving corporate IT spending environment has boosted its fortunes. Chief Executive Officer Michael Dell has been considering strategic options for the computer- and server-maker, such as a combination with software affiliate VMware Inc. or an initial public offering for Dell. The company tried to revamp itself as a cloud player by offering customers software from a suite of smaller companies in which it’s invested, in a bid to take back sales from Amazon.com Inc. and Microsoft Corp.
On a per-share basis, the Round Rock, Texas-based company said it had a loss of $1.95. Earnings, adjusted for non-recurring costs, were $1.24 per share. The computer and technology services provider posted ...
Shares of Dell Technologies Inc. rallied 2.9% in premarket trade Monday, after the technology services company reported fiscal first-quarter revenue that rose more than expected. The net loss for the quarter ...
With a lack of earnings and major economic reports, markets could focus more heavily on trade-related headlines in the coming week, and they could get nasty as President Donald Trump prepares to meet world leaders in Canada.
Shares of Dell Technologies Class V, the tracking stock for VMware, rallied for the second straight session on news that activist investor Carl Icahn has bought shares and optimism that a deal can be struck on favorable terms with the privately held Dell. The shares of the Dell tracker (DVMT) gained $1.89, to $80.70, on Monday after rising $4.50, or 6%, on Friday. The gain Friday came after Dell disclosed in a filing that it was considering a combination of Dell and the tracking stock as one of several corporate actions now being weighed by the company, which is controlled by Michael Dell and Silver Lake Partners.
Carl Icahn reveals the size of his position in VMware on CNBC's "Halftime Report" Monday.
General Electric, Fifth Third Bank, Microsoft and Nvidia are the companies to watch.
Dell has begun talking to DVMT shareholders to gauge their thoughts on a future merger with VMware.
It was no surprise that the crowd of ten thousand technology practitioners and engineers cheered the appearance of a McLaren supercar driving across the stage at the 2018 Dell Technologies World event earlier this month. Rounding out the vision was a range of products and services, which Moor Insights & Strategy has detailed in various Forbes articles.
Dell Technologies, the private company controlled by Michael Dell, is considering a combination with Dell Technologies class V, the tracking stock for VMware, based on a filing late Thursday. Such a combination, which would require the approval of two independent Dell directors and a majority of the tracker holders, could be bullish for the tracker if the terms are favorable. Tracker investors, however, may balk at a deal that gives them a stake in the highly leveraged Dell.
As CEO Michael Dell weighs whether to combine his privately held Dell Technologies with VMware, a software company that is 82% owned by Dell, some holders of the Dell tracking stock for VMware are sketching out a merger scenario that could be beneficial for all three of the major stakeholders. The idea is to create sufficient value in a combined company that would please Michael Dell and Silver Lake Partners, the public holders of VMware, and the Dell tracker holders. A deal would require that a value be placed on the private Dell, a tricky proposition given its high debt load of $48.7 billion and disappointing financial results since it was created from the merger of Dell and storage maker EMC in September 2016.
The deal is set to be completed on June 1, Toshiba said. Chinese antitrust regulators had been weighing the deal for months, and some inside Toshiba had grown skeptical that approval would come amid tit-for-tat trade actions by the U.S. and China. Toshiba had begun to weigh alternatives to the deal such as a public offering of the unit’s shares, people familiar with the matter said.
Hewlett Packard Enterprise has announced its intention to acquire Plexxi, a small software-defined networking company, for an undisclosed amount. Plexxi provides flexible software-defined networking fabric capabilities for HCI and cloud applications. HPE, in announcing the acquisition, specifically called out the benefit that Plexxi’s capabilities in software-defined and flexible networking will bring to HPE's Simplivity and Synergy solutions. While there will be an immediate benefit to those product lines for HPE, this acquisition is far more strategic in nature. Converged and composable infrastructure are evolving at a rapid rate. Partnerships only work up to a point. The technology providers who have the right balance of capabilities in their IP portfolios will be the ones best suited to evolve with the needs of their customers.
Zacks.com highlights: Commercial Vehicle Group, Koninklijke DSM N.V., Dell Technologies and QuinStreet
Last week I attended the first (of its name) Dell Technologies World — the annual conference previously known as EMC World and then Dell EMC World. The name change reflects Dell EMC’s focus on delivering “better together” customer solutions across the entire Dell Technologies portfolio of companies — particularly VMware and Pivotal. The change is also appropriate considering the evolving perspectives of Dell EMC’s enterprise infrastructure customers. The Dell Technologies portfolio of companies.
Nutanix (NTNX) has continued to incur higher operating expenses, namely higher selling, marketing, research, and development costs. The company’s growing market presence and new products launches have boosted its operating costs.
At last week’s massive Dell Technologies World conference in Las Vegas – the revamped and expanded EMC World – Dell largely succeeded in rationalizing a complex, diverse product line. To be sure, this rationalization was a tall order, combining EMC (now Dell EMC), VMware, Pivotal, and several other divisions under the Dell Technologies banner. Much of the new Dell’s offering centers on on-premises infrastructure – the servers and storage that equip the data centers of the largest companies and governments on the planet.
Nutanix (NTNX) has maintained strong US revenue growth in the last five quarters, driven by huge demand for cloud services across different enterprises. The US division dominates the company’s business, contributing more than 50% of its total revenue.
Leading enterprise cloud solution provider Nutanix (NTNX) has continued to witness strong customer growth, buoyed by demand for cloud management solutions. The company’s strategic product distribution alliance with other equipment manufacturers such as Dell (DVMT) and Lenovo has led to client additions. The company’s strong product portfolio and new product launches have not only helped clients better manage cloud and data analysis but have encouraged more members to subscribe.
Nutanix (NTNX) is set to gain from customers’ changing spending habits. The company has continued to strike deals worth more than $1 million regularly. The company’s transition toward software-centric business has sped up Nutanix’s large deal momentum.