Dell Technologies’ record-breaking fiscal Q1 2022 revenues were generated by substantial growth across Dell CSG, infrastructure solutions, and its VMware business units, according to Dell executives during the company’s Thursday evening earnings call.
Dell Technologies, coming off the best sales year in its history, continued to accelerate in its fiscal 2022 with record-breaking first quarter revenues.
Why Dell’s Stock Price Is Climbing Towards $100 Per Share
Here’s why investors are betting that Dell Technologies stock will climb to $100 per share or more in 2021. By Mark Haranas April 13, 2021, 10:08 AM EDT
Dell Technologies stock continues its steady upward projectory towards the $100 per share threshold as investors and financial analysts are bullish about the $94.2 billion infrastructure and PC giant’s growth prospects.
Deutsche Bank analyst Sidney Ho recently upped his price target on Dell’s stock to $100 per share, up from $94 per share, noting that Dell’s shares have outperformed most other IT hardware stocks as well as the broader stock markets. Ho said in a recent note that Dell’s full year 2022 revenue guidance – in which Dell is predicting total annual sales growth in the low to mid-single digit range could be too conservative as the company should see “a nice uptick” in enterprise sales during the second hal
Why Dell’s Stock Jumped 189% In One Year
Dell Technologies stock is trading at all-time highs this week. CRN breaks down why Dell’s stock has surged 189 percent in 12 months. By Mark Haranas March 02, 2021, 01:59 PM EST
Dell Technologies stock is trading at all-time highs this week by reaching $83.48 per share, up from $28.87 nearly one year ago, representing a massive 189 percent share increase over the past 12 months.
The Round Rock, Texas-based infrastructure giant’s stock price continues to gain steam for a variety of reason including a likely upcoming spin-off of VMware as well as Dell’s continued sales success over the past year despite the global COVID-19 pandemic causing many organization to pause on large IT hardware purchases.
Dell Technologies stock is trading at an all-time high following the company’s successful fourth fiscal quarter financial earnings report last week.
“We executed with discipline, speed and precision,” said Jeff Clarke, chief operating officer and vice chairman of Dell Technologies during the company’s earnings report with media and analysts. “And, in what was an extremely dynamic environment, we delivered record results.”
Nearly one year into the deadly COVID-19 pandemic, the Round Rock, Texas-based infrastructure giant has yet to feel any significant revenue decline as Dell remains the worldwide market share leader in IT infrastructure including storage and servers.