Needham & Company Maintains a 'Hold' on Dell (DELL); Reports F2Q Results, Bursts Street Bubble On Topline Growth & Leverage
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Price: $121.08 +2.78%
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 51
Rating Summary:
22 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 51
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Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).
Needham analyst says, "Wall Street’s latest honeymoon with Dell ended last night with both sides asking what went wrong. We believe that Dell is fundamentally a different company than it was 10, 5 or even 3 years ago. Today, Dell is focused on distancing itself from lower margin businesses (including consumer) while investing in the foundation necessary to see enterprise/data center growth. Despite a solid quarter, unfortunately, many street models ran wild with visions of dramatic operating leverage and topline upside. The downdraft in the stock is the inevitable outcome of the breakup/correcting of models. While at 5x F12 EPS (ex. cash) the stock is a tempting value, we believe negative data points around public and consumer spending will likely keep the stock range-bound until early Fall, when we will revisit."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $15.80 yesterday.
Needham analyst says, "Wall Street’s latest honeymoon with Dell ended last night with both sides asking what went wrong. We believe that Dell is fundamentally a different company than it was 10, 5 or even 3 years ago. Today, Dell is focused on distancing itself from lower margin businesses (including consumer) while investing in the foundation necessary to see enterprise/data center growth. Despite a solid quarter, unfortunately, many street models ran wild with visions of dramatic operating leverage and topline upside. The downdraft in the stock is the inevitable outcome of the breakup/correcting of models. While at 5x F12 EPS (ex. cash) the stock is a tempting value, we believe negative data points around public and consumer spending will likely keep the stock range-bound until early Fall, when we will revisit."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $15.80 yesterday.
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