Dell Technologies (DVMT) Earning Somewhat Positive News Coverage, Study Finds

Press coverage about Dell Technologies (NASDAQ:DVMT) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dell Technologies earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Dell Technologies (DVMT) traded down 0.21% during trading on Friday, reaching $63.04. The company had a trading volume of 787,831 shares. The firm has a 50-day moving average price of $62.87 and a 200-day moving average price of $64.19. The company’s market capitalization is $48.67 billion. Dell Technologies has a 52-week low of $42.02 and a 52-week high of $69.72.

Dell Technologies (NASDAQ:DVMT) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.19. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. The company had revenue of $17.82 billion for the quarter. On average, analysts predict that Dell Technologies will post $4.72 EPS for the current fiscal year.

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In other Dell Technologies news, insider David I. Goulden sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $62.41, for a total transaction of $499,280.00. Following the sale, the insider now directly owns 48,955 shares in the company, valued at approximately $3,055,281.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell bought 44,672 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was purchased at an average price of $25.60 per share, with a total value of $1,143,603.20. Following the transaction, the chief executive officer now owns 335,043 shares in the company, valued at approximately $8,577,100.80. The disclosure for this purchase can be found here.

Dell Technologies Company Profile

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.

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