We recently published a list of 10 Battered Stocks on Friday. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against other battered stocks on Friday.
The stock market ended the trading week in the green territory, with all major indices gaining more than 1 percent after slipping into the negative territory at intra-day trading following a clash between US President Donald Trump and Ukrainian leader Volodymyr Zelensky at the White House.
Following the televised meeting, the two leaders concluded the encounter without a deal for joint development of mineral resources.
The Dow Jones jumped by 1.39 percent, the S&P 500 surged by 1.59 percent, and the Nasdaq soared by 1.63 percent.
Ten companies bucked a broader market optimism, with three stocks heavily battered by disappointing earnings results, losing more than 20 percent in their valuations.
In this article, we have detailed the reasons behind their weak performance.
To come up with Friday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A team of IT experts discussing the latest network security trends over a laptop screen.
Dell Technologies Inc. (NYSE:DELL)
Dell Technologies Inc. (NYSE:DELL) saw its share prices drop by 4.70 percent, ending Friday’s trading at $102.76 each as investors continued to take profits following a surge in its price earlier in the week, boosted by better earnings performance last year.
In a statement, Dell Technologies Inc. (NYSE:DELL) said net income in three months ending January 31, 2025, grew by 27 percent to $1.532 billion from $1.208 billion in the same period a year earlier, while net revenues rose 7 percent to $23.931 billion from $22.318 billion.
Net income for the fiscal year 2025, on the other hand, increased by 36 percent to $4.576 billion from $3.372 billion a year earlier, while net revenues for the same comparable period grew 8 percent to $95.567 billion from $88.425 billion.
For the next full year, the technology giant expects revenues to settle between $101 billion and $105 billion, while first-quarter revenues were pegged at a range of $22.5 billion to $23.5 billion.
Overall, DELL ranks 8th on our list of battered stocks on Friday. While we acknowledge the potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.