Dell Technologies Stock Price, News & Analysis

VMware announces new security innovations aimed at addressing the evolving threats faced by modern enterprises. With over 30,000 customers, VMware introduces enhancements to its security solutions encompassing Zero Trust architecture, secure workload access, and ransomware recovery capabilities. Notable advancements include the Elastic Application Security Edge, CloudHealth Secure State for multi-cloud visibility, and improved API security. VMware Carbon Black Cloud reports an impressive record of averting over one million ransomware assaults recently, underscoring its extensive data protection capabilities.

Dell Technologies (NYSE: DELL) announced new cloud and IT offerings at VMworld to enhance data management and consumption. Key offerings include APEX Cloud Services with VMware Cloud, providing a streamlined multi-cloud experience, and Dell EMC ObjectScale software, which reduces storage costs using Kubernetes. Additionally, the Validated Design for AI, co-engineered with VMware and NVIDIA, optimizes AI application deployment. These innovations aim to support enterprises navigating a complex cloud landscape and achieving data-driven insights more efficiently.

VMware has launched the Tanzu Community Edition, providing free access to its Kubernetes platform, enabling users to manage containerized applications across multi-cloud environments. This Community Edition is designed for anyone looking to learn and utilize Kubernetes, offering essential tools, training, and community support without cost. VMware also unveiled new features for its Tanzu Application Platform Beta, aimed at enhancing developer experience and streamlining the app delivery process. Major enterprises like Drax Group are already benefiting from VMware Tanzu's solutions, ensuring operational efficiency and scalability.

VMware has launched its new VMware Edge Portfolio at VMworld 2021, designed to enhance the management and security of edge-native applications across multi-cloud environments. This portfolio includes the VMware Edge Compute Stack, which offers integrated VM and container solutions, and VMware SASE, combining SD-WAN with cloud security functions. The products aim to support diverse edge applications, driven by demands for low latency and high performance in sectors such as AR/VR and IoT. Partnerships with companies like Dell and Lenovo enhance the edge deployment capabilities.

Ori Industries and VMware (NYSE: VMW) have announced a partnership to enhance edge computing for enterprises, focusing on hybrid, telco, and multi-cloud environments. This collaboration aims to reduce complexity in cloud-native service delivery and support the widespread adoption of multi-access edge computing (MEC) capabilities. Companies will benefit from low latency and improved service availability, vital for generating data close to its source. According to Gartner, many enterprises face challenges with current cloud setups, making this partnership timely and strategic for overcoming these obstacles.

Dell Technologies (NYSE: DELL) has appointed David Grain as an independent member of its Board of Directors, expanding the board to eight members, five of whom are independent. Michael Dell, chairman and CEO, emphasized Mr. Grain's extensive leadership experience, which is expected to accelerate Dell's growth strategy, particularly in the multi-cloud sector. Grain, founder of Grain Management, brings a wealth of experience from the media and telecommunications industries. He expressed enthusiasm for guiding Dell's strategy amid significant growth opportunities in edge and telecom.

Dell Technologies has enhanced its ProSupport Suite for PCs, offering new IT management tools and endpoint security solutions aimed at maximizing productivity and minimizing downtime for employees. Key features include customizable remote workflows, automated update catalog management, and AI-driven support tools. Additionally, new security offerings are designed to protect against evolving threats, including hardware-level and BIOS attacks. These enhancements will be available globally starting October 19, 2021, reinforcing Dell's commitment to providing secure, intelligent commercial PC experiences.

VMware, Inc. (NYSE: VMW) is set to hold a Financial Analyst Meeting on October 7, 2021, from 1:00 p.m. PT to 3:00 p.m. PT during VMworld 2021. Executives including CEO Raghu Raghuram and CFO Zane Rowe will discuss company strategy and product offerings. A live webcast will be available on VMware's Investor Relations page, with a replay accessible for two months.

VMware specializes in cloud, app modernization, networking, security, and digital workspace solutions, aiding enterprises in delivering applications across diverse platforms.

Dell Technologies, in its Securities Analyst Meeting on Sept. 23, 2021, projected a compounded annual revenue growth of 3%-4% and a 6+% growth in non-GAAP diluted EPS through fiscal 2026. The company aims for a net income to adjusted free cash flow conversion of 100% or better and announced a $5 billion share repurchase program effective November 2021. Additionally, it plans to initiate a quarterly dividend targeting approximately $1 billion annually, aimed at returning 40%-60% of adjusted free cash flow to shareholders starting in fiscal 2023.