Needham & Company Maintains a 'Hold' on Dell (DELL); Not Sure If Quest Acquisition Will Move The Needle
Tweet Send to a FriendGet Alerts DELL Hot Sheet
Price: $13.41 +0.15%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade DELL Now!
Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).
Analst, Richard Kugele, said, "As has been widely speculated for weeks, Dell continued its buying trend yesterday with the acquisition of Quest for $28/share after battling Insight Venture Mgmt’s previous deal with the company. Few details were provided on ultimate accretion, but as the deal will be funded from cash (or cash raised through debt) we believe it should be accretive in F14 at least. Moving the needle, however, remains challenging with Quest at only an $857M annual revenue run-rate (no change to estimates until closing in F3Q). With global macro/PC issues lingering, we maintain our Hold on Dell despite the seemingly attractive valuation."
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 $12.39 yesterday, with a 52 week range of $11.68-$18.36.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analst, Richard Kugele, said, "As has been widely speculated for weeks, Dell continued its buying trend yesterday with the acquisition of Quest for $28/share after battling Insight Venture Mgmt’s previous deal with the company. Few details were provided on ultimate accretion, but as the deal will be funded from cash (or cash raised through debt) we believe it should be accretive in F14 at least. Moving the needle, however, remains challenging with Quest at only an $857M annual revenue run-rate (no change to estimates until closing in F3Q). With global macro/PC issues lingering, we maintain our Hold on Dell despite the seemingly attractive valuation."
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 $12.39 yesterday, with a 52 week range of $11.68-$18.36.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Citi Raises PT on Micron Technology (MU) to $19
- May e-Commerce Tends Look Good (GOOG) (AMZN) (EBAY) (EXPE)
- Deutsche Bank Maintains Neutral on Mondelez (MDLZ)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Mergers and AcquisitionsRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
