|Day's range||21.60 - 28.20|
Broadcom (AVGO) and Dell Technologies (DELL) are two notable technology companies that were able to beat earnings expectations last week. Both companies are also trending names in the landscape of artificial intelligence which has continued to gain steam.
In the case of CrowdStrike in May, I can't point to a business reason to explain why it was up so much. Now, CrowdStrike did technically deliver news related to its business fundamentals in May -- on May 31, it reported financial results for its fiscal 2024 first quarter, which ended April 30. The cases of CrowdStrike and SentinelOne are instructive in this regard.
By Louis Juricic and Sarina Isaacs
The company ended the week in style, with a clutch of pundits getting notably more bullish on its prospects.
Dell Technologies' (DELL) first-quarter fiscal 2024 results continue to reflect sluggish PC demand, hurting Client Solutions Group business.
Investing.com -- Dell Technologies (NYSE:DELL) reported Thursday better-than-expected first-quarter results, though performance was held back by a challenging economic backdrop as PC demand weakness persists.
While the top- and bottom-line numbers for Dell Technologies (DELL) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday. Following the release of the storied computer hardware retailer's latest quarterly results Thursday, market players bid up the stock by 1.5%. Dell reported its first-quarter results of fiscal 2024, revealing that it earned revenue of $20.9 billion.
C3.ai, Inc. (AI) delivered earnings and revenue surprises of 23.53% and 0.12%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. ET. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets. Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed.
Dell Technologies' (DELL) first-quarter fiscal 2024 performance is expected to have suffered from a sluggish PC market and unfavorable forex.
SAIC (SAIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Looking ahead to next week's earnings lineup, a few artificial intelligence (AI) focused companies are set to release their quarterly reports.
Dell Technologies (DELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Buffett stays keen on tech titan HP.
SoundHound AI, Inc. (SOUN) delivered earnings and revenue surprises of 0% and 2.55%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Grid Dynamics (GDYN) delivered earnings and revenue surprises of 0% and 0.89%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Apple's (AAPL) second-quarter fiscal 2023 results are expected to reflect a slowing Services business, and weakness in the Mac and iPad segments.
JPMorgan shares closed more than 2% higher yesterday.
Amer Movil (AMX) delivered earnings and revenue surprises of 4.08% and 3.82%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Masimo and Black Knight have been highlighted as Zacks Bull and Bear of the Day.
PC shipments have been declining over the past few quarters, impacting players like Lenovo Group (LNVGY), HP Inc. (HPQ), Dell Technologies (DELL) and Apple (AAPL).
With sentiment continuing to grow toward the broader technology sector, this poses the question of if it's time to buy either of these historic tech companies.
Microsoft's (MSFT) fiscal third-quarter 2023 results are likely to benefit from steady adoption of Teams app amid weakening demand for PCs.