To read this article on click here.Dell Reinvents Endpoint Security Portfolio Through Strategic Collaborations with Secureworks and Crowdstrike (CYBR) : Free Stock Analysis Reportĭell Technologies Inc. (SCWX) : Free Stock Analysis ReportĬyberArk Software Ltd. Click to get this free reportĬisco Systems, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. See Zacks' 3 Best Stocks to Play This Trend > Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early. By 2020, it's predicted to blast through the roof to $77.6 billion. Last year, it generated $24 billion in global revenues. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Strong spending by customers on infrastructure also remains a tailwind.Ĭurrently, Dell carries a Zacks Rank #3 (Hold). Moreover, the company is anticipated to benefit from its dominant position in the enterprise IT solutions market. It is also expanding Dell EMC Ready Solutions for AI portfolio with a new design for the Domino Data Science Platform.Īdditionally, Dell has introduced five reference architectures to simplify AI deployment, in collaboration with leading partners like DataRobot, Grid Dynamics, H20.ai, Iguazio and Kubeflow on Red Hat OpenShift. The company is expanding Dell EMC’s portfolio of Ready Solutions for HPC storage with new turnkey solutions for ThinkParQ’s BeeGFS and ArcaStream’s PixStor file systems. We note that Dell has been striving to reorganize portfolio. price-consensus-chart | Dell Technologies Inc. Price and Consensusĭell Technologies Inc. CyberArk Software CYBR and Cisco CSCO are other companies known for their security products and services.ĭell Technologies Inc. Furthermore, the propagation of IoT devices has made cloud security crucial.Īgainst such a backdrop, Dell’s efforts to ramp up security services offerings bode well. Moreover, demand for security solutions in cloud computing platforms has been increasing as a single breach may lead to loss of vital information and hamper a company’s reputation. In fact, according to an insight from TechCrunch, cybersecurity-related spending has been rising steadily and is on track to surpass $133 billion in 2022. Improving trends in the cybersecurity market are likely to have persuaded Dell to contemplate buying the remaining stake in Secureworks, instead of opting for a divestiture. According to a Reuters report, Dell was contemplating to sell its stake in Secureworks in February 2019. Intentions to acquire the remaining stake in Secureworks mark a departure from Dell’s previous plans to sell its stake in the company. Later in 2016, Secureworks business was made public through an initial public offering. Shares of Dell improved 1.7% in yesterday’s trading session.ĭell had initially acquired majority shares of Secureworks in 2011. Nevertheless, investors have reacted positively to the rumored takeover of the remaining shares of Secureworks. However, official representatives from Dell and Secureworks have declined to comment on this matter. By acquiring the remaining 13.8% shares, Dell will be able to fully consolidate Secureworks with its business. The company also develops software to detect and respond to cybersecurity threats.ĭell owns 86.2% of Secureworks through ownership of the entirety of the company’s Class B shares as of Nov 1, 2019. Secureworks is engaged in managing and outsourcing cybersecurity services for corporate clients. Dell Technologies DELL is considering buying the remaining outstanding shares of Secureworks SCWX, according to a Bloomberg report.
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