Auriga Reiterates a 'Buy' on Dell (DELL); Acquisition of Force10 Networks Fits
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Price: $490.81 -0.75%
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on Dell (NASDAQ: DELL), PT $25.
Auriga analyst says, "Dell continued its move toward higher margin, company-owned IP with the purchase of Force10 Networks this morning. We believe this company fits perfectly with Dell’s stated strategy and will be nicely accretive over time. We continue to believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full service enterprise vendor over the next several years. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there may be bumps in the road along the way, attractive free cash flow, returns on capital and valuation suggest to us that shares remain a good buy for value-oriented investors."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $17.42 yesterday.
Auriga analyst says, "Dell continued its move toward higher margin, company-owned IP with the purchase of Force10 Networks this morning. We believe this company fits perfectly with Dell’s stated strategy and will be nicely accretive over time. We continue to believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full service enterprise vendor over the next several years. The real allure to investors is likely to be the slow and steady margin expansion story that accompanies that transformation. While there may be bumps in the road along the way, attractive free cash flow, returns on capital and valuation suggest to us that shares remain a good buy for value-oriented investors."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $17.42 yesterday.
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