On September 1, Dell Technologies Inc. declined 3.14% in regular trading, trading at $443.215 per share, with turnover of $559 million. The pullback comes ahead of the company's fiscal Q2 earnings release scheduled for after-hours the same day.
On the news front, Morgan Stanley had previously flagged Dell as facing one of the toughest near-term earnings setups due to elevated buyside expectations and stretched valuations. KeyBanc analysts also noted Dell's server business faces a very high bar. After surging approximately 268% in the prior period, the stock was trading at roughly 21.5 times forward 12-month earnings, amplifying profit-taking pressure ahead of the report. Consensus estimates call for quarterly revenue of approximately $44.88 billion, up 53.85% year-over-year, and adjusted EPS of about $4.89, up 112.23%.
Within the Technology Hardware, Storage & Peripherals sector, peer Super Micro Computer fell 3.46%, SanDisk declined 1.45%, and Seagate dropped 1.23%, reflecting broad weakness across AI server-related names. Meanwhile, BofA Securities raised its price target on Dell slightly to $505 from $500, maintaining an overweight-equivalent rating, underscoring that institutional views remain largely constructive despite short-term volatility.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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