Sterne Agee Maintains a 'Neutral' on Dell (DELL); Expecting Meet or Beat, But Concerns Remain
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Price: $13.40 -0.22%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Sterne Agee maintains a 'Neutral' on Dell (NASDAQ: DELL).
Analyst, Shaw Wu, said, "We anticipate a meet or beat amid low expectations where consensus ($0.45 and $14.7B) is looking for sizable Y/Y declines in both revenue and EPS. For the October quarter, it is a similar story where expectations are low. Because of this, we believe there could be a near-term positive bias in DELL shares. However, we maintain our Neutral rating as we remain concerned with the company's long-term fundamental position...we believe guidance for the October quarter will likely be in-line or better than consensus at $14.9 billion and $0.49 in EPS."
"...we continue to believe the company is in a tough fundamental position sandwiched between lowcost players (Lenovo and Acer) and Apple (Nasdaq: AAPL) encroaching more in its core PC business as Macs and mobile devices gain share."
Dell reports quarterly earnings on August 21, after the close.
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 $12.22 yesterday, with a 52 week range of $11.39-$18.36.
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Analyst, Shaw Wu, said, "We anticipate a meet or beat amid low expectations where consensus ($0.45 and $14.7B) is looking for sizable Y/Y declines in both revenue and EPS. For the October quarter, it is a similar story where expectations are low. Because of this, we believe there could be a near-term positive bias in DELL shares. However, we maintain our Neutral rating as we remain concerned with the company's long-term fundamental position...we believe guidance for the October quarter will likely be in-line or better than consensus at $14.9 billion and $0.49 in EPS."
"...we continue to believe the company is in a tough fundamental position sandwiched between lowcost players (Lenovo and Acer) and Apple (Nasdaq: AAPL) encroaching more in its core PC business as Macs and mobile devices gain share."
Dell reports quarterly earnings on August 21, after the close.
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 $12.22 yesterday, with a 52 week range of $11.39-$18.36.
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