Where Will Dell Turn Its Attention Now That It Has Lost 3Par?
DELL Hot Sheet
Rating Summary:8 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Now that Dell Inc. (Nasdaq: DELL) has dropped out of the bidding war for 3Par (NYSE: PAR), traders are speculating on where they will turn their attention.
In a recent analyst note, Wedbush said Dell should buy Compellent Technologies, Inc. (NYSE: CML) or Brocade Communications (Nasdaq: BRCD) instead of 3Par.
The firm noted, Compellent addresses the mid-tier storage market, which is growing at a faster rate compared to high-end storage. Brocade would be a good option since storage networking and data networking are critical components of an end-to-end datacenter solution, which Dell currently does not have.
Both are 7 percent higher today.
CommVault Systems, Inc. (Nasdaq: CVLT) is also seeing interest today, up 5 percent.
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In a recent analyst note, Wedbush said Dell should buy Compellent Technologies, Inc. (NYSE: CML) or Brocade Communications (Nasdaq: BRCD) instead of 3Par.
The firm noted, Compellent addresses the mid-tier storage market, which is growing at a faster rate compared to high-end storage. Brocade would be a good option since storage networking and data networking are critical components of an end-to-end datacenter solution, which Dell currently does not have.
Both are 7 percent higher today.
CommVault Systems, Inc. (Nasdaq: CVLT) is also seeing interest today, up 5 percent.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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