Needham & Company Maintains a 'Hold' on Dell (DELL); Lowering Estimates on Messy Q1
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Price: $124.91 +3.92%
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).
Analyst, Richard Kugele, said, "Dell’s mission to move up-market continues to be challenged by a weak macro environment and changing customer tastes. With so many headwinds preceding such a major OS release (Win 8) and concurrent product announcements (touch screen notebooks/Win 8 tablets) (Nasdaq: MSFT), we expect that the balance of F13 could see inconsistent performance."
FY13 EPS estimate cut from $2.20 to $2.05 and FY14 from $2.25 2to $.20.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $15.08 yesterday.
Analyst, Richard Kugele, said, "Dell’s mission to move up-market continues to be challenged by a weak macro environment and changing customer tastes. With so many headwinds preceding such a major OS release (Win 8) and concurrent product announcements (touch screen notebooks/Win 8 tablets) (Nasdaq: MSFT), we expect that the balance of F13 could see inconsistent performance."
FY13 EPS estimate cut from $2.20 to $2.05 and FY14 from $2.25 2to $.20.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $15.08 yesterday.
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