AllAnalyst Report
logoArgusApril 15, 2021

Dell Technologies Inc.: Spinning off VMware; raising target to $115

Symbols
DELL
Sector(s)
Technology
Rating
Current Price
$98.43
Price Target
$NaN
Earnings Estimate
Summary

After trading as a public company for 25 years, Dell Inc. went private in October 2013; acquired EMC Corp. in fall 2016; and resumed trading as a public company under the DELL ticker on 12/28/18. In its current incarnation, Dell operates three businesses: Infrastructure Solutions Group (ISG), which provides enterprise server, storage, and network solutions; Client Solutions Group (CSG), which provides PCs and peripherals; and VMware, a pioneer in server virtualization that now enables hybrid cloud. In April 2021, Dell announced plans to spin off VMware.

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Analyst Profile

James Kelleher, CFA

Director of Research & Senior Analyst Technology
Jim has worked in the financial services industry for over 25 years and joined Argus in 1993. He is director of research at Argus and a member of the Investment Policy Committee. Jim has been instrumental in building Argus' proprietary valuation models, which are a key part of the proprietary Argus Six-Point Rating System. He also oversees Argus' technical analysis products; writes the Portfolio Selector report and other publications; and manages several Argus model portfolios. As a Senior Analyst, Jim covers Communications Equipment, Semiconductors, Information Processing and Electronic Manufacturing Services companies. he is a CFA charter-holder, and is a three-time winner in The Wall Street Journal's "Best on the Street" All-Star Analyst Survey. In July 2010, McGraw-Hill Professional published Jim's book, "Equity Valuation for Analysts & Investors." The book, a single-volume treatment of financial modeling and valuation process, introduces the Argus proprietary valuation methodology known as Peer Derived Value.