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Why Dell’s Stock Jumped 189% In One Year
Dell Technologies stock is trading at all-time highs this week. CRN breaks down why Dell’s stock has surged 189 percent in 12 months. By Mark Haranas March 02, 2021, 01:59 PM EST
Dell Technologies stock is trading at all-time highs this week by reaching $83.48 per share, up from $28.87 nearly one year ago, representing a massive 189 percent share increase over the past 12 months.
The Round Rock, Texas-based infrastructure giant’s stock price continues to gain steam for a variety of reason including a likely upcoming spin-off of VMware as well as Dell’s continued sales success over the past year despite the global COVID-19 pandemic causing many organization to pause on large IT hardware purchases.
Dell Technologies stock is trading at an all-time high following the company’s successful fourth fiscal quarter financial earnings report last week.
“We executed with discipline, speed and precision,” said Jeff Clarke, chief operating officer and vice chairman of Dell Technologies during the company’s earnings report with media and analysts. “And, in what was an extremely dynamic environment, we delivered record results.”
Nearly one year into the deadly COVID-19 pandemic, the Round Rock, Texas-based infrastructure giant has yet to feel any significant revenue decline as Dell remains the worldwide market share leader in IT infrastructure including storage and servers.
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