Dell Technologies Matches Fourth-Quarter Sales Target

▤ Summary

XThe Round Rock, Texas-based company posted a net loss of $299 million on sales of $23.84 billion in the quarter ended Feb. 1. "In fiscal 2020 well continue to run the business in a disciplined way," Chief Financial Officer Tom Sweet said in a written statement. "We will remain focused on generating long-term relative growth, share gain and cash flow while driving long-term value for shareholders and serving our customers full range of needs. Earlier Thursday, investment bank Morgan Stanley raised its price target on Dell stock to 60 from 49, but reiterated its equal-weight rating. The move reflected an increase in value of Dells publicly traded subsidiaries including VMware ( VMW ), Pivotal Software ( PVTL ) and Secureworks ( SCWX ).

▦ Linked Companies