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MarketScreener Homepage  >  Equities  >  Nyse  >  Dell Technologies Inc.    DELL

DELL TECHNOLOGIES INC.

(DELL)
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Dell Technologies : Shares Rise 7% After Hours After Hinting At Potential VMWare Spinoff

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07/15/2020 | 05:44pm EDT

By Kimberly Chin

 

Shares of Dell Technologies Inc. rose nearly 7% after hours Wednesday to $56.50 after the company said it is considering a potential spinoff of its 81% equity ownership interest in VMWare Inc.

Dell said it is looking at various options, including maintaining its current ownership structure in VMWare as is.

A potential spinoff wouldn't occur before September 2021, the company said.

The Wall Street Journal reported in June that Dell was examining options including a spinoff in its stake in the cloud-software giant.

VMWare's shares rose 3% in after-hours trading to $143.85 following the news.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DELL TECHNOLOGIES INC. 0.59% 59.91 Delayed Quote.15.90%
VMWARE, INC. -0.97% 135.85 Delayed Quote.-9.63%
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Financials (USD)
Sales 2021 89 691 M - -
Net income 2021 -227 M - -
Net Debt 2021 36 270 M - -
P/E ratio 2021 -435x
Yield 2021 -
Capitalization 44 382 M 44 382 M -
EV / Sales 2021 0,90x
EV / Sales 2022 0,82x
Nbr of Employees 165 000
Free-Float 32,9%
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Technical analysis trends DELL TECHNOLOGIES INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 59,32 $
Last Close Price 59,91 $
Spread / Highest target 33,5%
Spread / Average Target -0,99%
Spread / Lowest Target -26,6%
EPS Revisions
Managers
NameTitle
Michael Saul Dell Chairman & Chief Executive Officer
Jeffrey W. Clarke Chief Operating Officer & Vice Chairman
Thomas W. Sweet Chief Financial Officer & Executive Vice President
Howard D. Elias President-Dell Services, Digital & IT
Egon Pierre Durban Director
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