Dell Technologies Stock Price, News & Analysis

Dell Technologies has launched a new Managed Detection and Response service powered by Secureworks Taegis XDR. This subscription-based service offers 24/7 monitoring, detection, and threat response for organizations with 50 or more endpoints. By leveraging advanced security analytics, the service aims to enhance cybersecurity for businesses and reduce the workload on IT teams. Available in North America now, and globally from May 10, the service represents a shift towards proactive security management for its users.

Dell Technologies announced significant upgrades to its Dell EMC PowerStore enterprise storage systems on April 20, 2021. The new software enhancements improve workload performance by up to 25% and reduce latency by up to 15%. Additionally, the introduction of the PowerStore 500 model offers a cost-effective solution with enterprise-level performance for businesses of all sizes. Nearly 20% of PowerStore customers are new to Dell, showcasing its growing market penetration. The updates promise automation capabilities that simplify management while delivering significant cost savings.

Dell Technologies plans to spin off its 81% equity stake in VMware, creating two independent public companies. This strategic move is aimed at enhancing growth opportunities and unlocking value for stakeholders. VMware will provide a special cash dividend of $11.5 - $12 billion to its shareholders, with Dell set to receive approximately $9.3 - $9.7 billion. The spin-off, expected to close in Q4 2021, will also maintain a commercial agreement to continue collaborative development. Michael Dell will remain as CEO of Dell Technologies post-spin-off.

Dell Technologies (NYSE: DELL) has announced an investor call scheduled for April 13, 2021, at 2:00 p.m. CT. Sam Burd, president of the Client Solutions Group (CSG), will discuss the CSG strategy, its significance to Dell's overall business, and the 'Do from Anywhere' opportunity. The session will include a presentation followed by a Q&A led by Katy Huberty of Morgan Stanley. Investors can access the live webcast and replay via Dell Technologies' Investor Relations page.

Dell Technologies has launched 17 next-generation Dell EMC PowerEdge servers, enhancing performance and AI capabilities for data-intensive workloads. The new PowerEdge XE8545 and R750xa servers improve energy efficiency by up to 60% and offer cyber-resilient innovations for enhanced security. The servers utilize advanced technologies from AMD and Intel, providing significant performance boosts in data processing. Availability of the servers is set for March and May 2021, with as-a-Service options available for flexible consumption.

Dell Technologies has launched the Dell Hybrid Client, a pioneering client computing software featuring hybrid cloud management. This software allows seamless access to work applications and data, whether from public or private clouds or directly on devices. Available from March 26 at $60.00 per year per device, it aims to enhance productivity while ensuring data protection for businesses. The solution offers features such as endpoint security and optimized productivity tools, promoting flexible work environments and simplifying IT management.

Dell Technologies reported record fiscal 2021 results, with total revenue at $94.2 billion, a 2% increase year-over-year. The company achieved a record operating income of $5.1 billion, a significant 96% rise from the previous year, and non-GAAP operating income of $10.8 billion, up 6%. Fourth quarter revenue reached $26.1 billion, a 9% increase, while net income for the quarter was $1.3 billion. The company generated record cash flow from operations of $11.4 billion.

Dell Technologies (NYSE: DELL) will have Jeff Clarke, vice chairman and COO, as a keynote speaker at the 2021 Morgan Stanley Technology, Media and Telecom Conference. This virtual event will take place on March 3, 2021, at 7:45 a.m. CT / 8:45 a.m. ET. A live webcast and replay will be accessible on the Dell Technologies Investor Relations page. The company aims to help organizations and individuals shape their digital future with its innovative technology and services portfolio.

Dell Technologies (NYSE: DELL) will host a conference call on February 25, 2021, at 4:30 p.m. CST to discuss its fiscal 2021 fourth quarter and full year financial results. The call will be available as a live audio webcast on Dell's investor website, with an archived version post-event. A press release with detailed financial statements will precede the call. Dell Technologies aims to assist organizations in building their digital future, offering a comprehensive range of technology and services for the data era.