Wall Street analysts forecast that Dell Technologies (DELL) will report quarterly earnings of $2.05 per share in its upcoming release, pointing to a year-over-year increase of 9%. It is anticipated that revenues will amount to $24.53 billion, exhibiting an increase of 10.3% compared to the year-ago quarter.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reapprai ...

Core Points - Dell has agreed to pay $2.3 million to settle claims of violating the False Claims Act in its dealings with the US Army [1][5] - The allegations involve overcharging on government contracts from May 2020 to April 2024, specifically related to the Army Desktop and Mobile Computing 3 (ADMC-3) contract [2][3] - The settlement amount is a small fraction of Dell's overall revenues, which were reported at $88.4 billion for the last financial year [6] Company Specifics - Dell and its reseller Iron Bow allegedly inflated prices to create a false appearance of competition, influencing the Army's selection process [4][5] - Iron Bow has also agreed to pay over $2 million, bringing the total settlement to $4.3 million [5] - A whistleblower, Brent Lillard, will receive $345,000 from Dell's payment [5] Industry Context - The ADMC-3 contract is valued at approximately $5 billion and is open to eight contractors, including Dell and Iron Bow [7] - The DOJ has emphasized the importance of competition in government contracting to ensure value for taxpayers [8] - In 2023, the DOJ recovered nearly $2.7 billion from 543 settlements related to fraud and false claims against the government, marking a record year for such claims [11]

ROUND ROCK, Texas, Nov. 20, 2024 /PRNewswire/ -- Dell Technologies (NYSE: DELL) announces that Arthur Lewis, president of Infrastructure Solutions Group, will present in a fireside chat at the following conference:UBS Global Technology and AI Conference – Scottsdale, AZTuesday, Dec. 3, 20242:15 p.m. MT / 4:15 p.m. ETA live webcast and a replay of all conference webcasts will be available on Dell Technologies' Investor Relations page at investors.delltechnologies.com.About Dell TechnologiesDell Technologies ...

I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low valuation. As a result, I give utmost importance to margins, free cash flow stability and growth, and returns on invested capital. I research stocks within my areas of competence and whe ...

Dell AI Factory additions improve AI performance in multicloud environments and simplify development of custom AI solutions using Microsoft tools ROUND ROCK, Texas, Nov. 19, 2024 /PRNewswire/ --News summary Dell APEX File Storage for Microsoft Azure is designed to deliver superior AI workload performance, scalability and data services with new Dell-managed option for simplified management and deployment Dell services tailored for Microsoft environments help customers speed AI innovation and improve producti ...

Dell Technologies Inc. DELL has captured investor attention with a Golden Cross — a bullish technical signal where its 50-day moving average ($124.16) climbs above the 200-day moving average ($121.11). Chart created using Benzinga ProThis move underscores Dell stock’s growing momentum, as at $134.30, it sits comfortably above both metrics.A Perfect Storm: Technicals Meet FundamentalsThe timing of this technical event couldn't be better. With Dell's third-quarter earnings just a week away, due on Nov. 26 aft ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Dell Technologies (DELL) reports results for the quarter ended October 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novem ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We're upgrading Dell Technologies (NYSE: DELL ) to a buy. A lot has happened since we wrote on Dell last year to reverse our previous expectation that there would be limited room for the company to compete within the AIAnalyst’s Disclosure: I/we have no stock, option or similar derivative po ...

New AI infrastructure, solutions and services improve performance and accelerate time to value for AI projects, while helping organizations better manage data and improve efficiencyATLANTA, Nov. 18, 2024 /PRNewswire/ -- SC24 News Summary AI infrastructure additions, including new liquid and air-cooled Dell PowerEdge XE servers and Dell Data Lakehouse enhancements, efficiently deliver advanced compute at scale and simplify data access for AI Supporting the NVIDIA GB200 Grace Blackwell NVL4 Superchip will be ...

These are two very different companies, but they both have tremendous potential in AI.Artificial intelligence (AI) has been the hottest trend on the market for the past couple of years, and it shows no signs of letting up. Unlike other trends that have stormed the markets in recent years, AI, specifically generative AI, has unlocked incredible value for users, both techies and laypeople.Chipmaker Nvidia has gotten much of the attention -- and stock gains to match. But other players are also reaping the bene ...