Auriga Reiterates a 'Buy' on Dell (DELL); Looks Like A Good Safe Haven; Increasing EPS Estimates
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Price: $494.51 --0%
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 9
Rating Summary:
24 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 9
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Auriga reiterates a 'Buy' on Dell (NASDAQ: DELL) price target of $25.00.
Auriga analyst says, "With all components other than disc drives likely to continue to fall in price into the second half, we are more comfortable raising our pro-forma EPS estimates, even with more conservative revenue assumptions. We have modestly reduced our assumptions for PC and server revenue in the back half, but also included a modest amount of networking revenue from Force10, as that deal recently received regulatory approval. Our new F12 (Jan) estimates are $64.1Bn in revenue and $1.97 in pro-forma EPS, versus prior estimates of $64.6bn and $1.90. Both our revenue and EPS estimates are above consensus of $63.9Bn and $1.92."
"Valuation not far from 2008 recession lows; we believe Dell is a smart value play and reiterate rating and target."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $13.95 yesterday.
Auriga analyst says, "With all components other than disc drives likely to continue to fall in price into the second half, we are more comfortable raising our pro-forma EPS estimates, even with more conservative revenue assumptions. We have modestly reduced our assumptions for PC and server revenue in the back half, but also included a modest amount of networking revenue from Force10, as that deal recently received regulatory approval. Our new F12 (Jan) estimates are $64.1Bn in revenue and $1.97 in pro-forma EPS, versus prior estimates of $64.6bn and $1.90. Both our revenue and EPS estimates are above consensus of $63.9Bn and $1.92."
"Valuation not far from 2008 recession lows; we believe Dell is a smart value play and reiterate rating and target."
For more ratings news on Dell click here and for the rating history of Dell click here.
Shares of Dell closed at $13.95 yesterday.
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