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The high-tech hardware industry is being boosted by the increasing use of smart technology and growing demand for GPUs in the enterprise. Investors may therefore be wise to buy tech hardware stocks Dell Technologies (DELL), HP (HPQ) and Quantum (QMCO) this month. read more.
As June rolls on, the high-tech hardware market presents an exciting opportunity for investors to capitalize on the rapid growth of smart city projects and advances in GPU technology. High-tech hardware stocks are therefore Dell Technologies Inc. (Dell), HP Inc. (HPQ), and Quantum (QMCO) may be the ideal purchase.
The computer hardware market is expected to be supported by rapid growth in investments in smart city projects in many countries of the world. By integrating hardware components such as sensors, cameras, and advanced analytics, cities can effectively monitor and manage traffic patterns, making commuting smoother and improving mobility for residents.
Computer hardware market is expected to grow rapidly CAGR 6.6% It is expected to reach $909.8 billion by 2027.
In addition, modern GPUs are very efficient at computer graphics manipulation and image processing, and their highly parallel structure makes them more efficient than general-purpose CPUs for algorithms that process large blocks of data in parallel. increase.
The market is expected to further expand as industry players adopt effective strategies, creating numerous opportunities for advancement. As of 2023, the global graphics processing unit market is estimated at $22.22 billion, and by 2028, he is expected to reach $40.1 billion. CAGR 10.3%.
Take a look at the brands above.
Dell Technologies, Inc. (Dell)
DELL designs, develops, manufactures, markets, sells and supports a variety of comprehensive and integrated solutions, products and services throughout the Americas, Europe, Middle East, Asia and internationally. The company operates through his two segments, the Infrastructure Solutions Group and the Client Solutions Group.
On May 23, 2023, DELL introduced Dell NativeEdge, an edge operations software platform designed to help enterprises simplify and optimize secure edge deployments. Customers can streamline edge operations across thousands of devices and locations, from the edge to the core data center and multiple clouds.
DELL’S TERMINAL 12 MONTHS asset turnover 1.13x is 85.6% higher than the industry average of 0.61x. Last 12 months EBIT margin was 5.45%, 25.2% higher than the industry average of 4.35%.
DELL pays $1.48 annually in dividends. That translates to a yield of 3.16% at current prices, higher than the average 4-year dividend yield of 0.60%.
DELL’s total net revenues for the first quarter of the fiscal year ended May 5, 2023 were $20.92 billion. Gross margin was $5.02 billion. It also posted net income of $578 million and non-GAAP EPS of $1.31.
DELL’s fiscal second quarter EPS to July 2023 is expected to be $1.13. The company’s revenue for the quarter is expected to be $20.84 billion. It’s also beaten EPS expectations in each of his four quarters since, which is great.
DELL shares rose 25.4% in three months to close at $47.66.
Dell’s power rating It reflects its promising prospects. The overall rating for this stock is ‘B’, which is equivalent to ‘Buy’ in our proprietary rating system. The POWR rating is calculated by considering 118 different factors, with each factor being optimally weighted.
The stock has a B grade in sentiment and value. Ranked 9th out of 44. Technology – Hardware industry.
In addition to the above, we also rated DELL for stability, growth, momentum and quality. GET ALL DELL RATINGS here.
HP Co., Ltd. (HPQ)
HPQ provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services domestically and internationally. The company operates through his three segments of Personal Systems, Personal Systems. printing; and corporate investment.
On May 2, 2023, HPQ announced new automation solutions and expanded materials, software and services to help customers scale their 3D printed part production. HP has also promoted several current Digital Manufacturing Network members to an exclusive group of HP Digital Manufacturing Partners.
On March 19, 2023, HPQ announced HP Wolf Connect, an IT managed connectivity solution that provides highly resilient and secure connections1 to remote PCs. This allows IT to manage devices even when powered off or offline.
HPQ’s 12-month asset turnover ratio of 1.47x is 142.9% higher than the industry average of 0.61x. His net profit margin over the past 12 months was 4.75%, 136.2% above his industry average of 2.01%.
HPQ reported net revenues of $12.91 billion for the second quarter of the fiscal year ended April 30, 2023, and net earnings of $1.07 billion, up 6.6% year-over-year. Adjusted net earnings per share were $0.80. Non-GAAP operating income was $1.21 billion.
Street expects HPQ’s third-quarter EPS to be $0.85 for the fiscal year ending July 2023. The company’s revenue for the quarter he is expected to be $13.4 billion.
Shares rose 11.4% year-to-date to close at $29.93.
HPQ’s solid outlook is reflected in its POWR rating. This stock has an overall rating of B, which corresponds to a ‘Buy’ on our proprietary rating system.
HPQ value is B grade. It ranks 12th in the industry.
click here Additional POWR ratings for HPQ (Growth, Sentiment, Stability, Quality, Momentum) can be found here.
Quantum Corporation (QMCO)
QMCO offers products for storing and managing digital video and unstructured data in the Americas, Europe, Middle East, Africa and Asia Pacific.
On April 3, 2023, QMCO announced the launch of Quantum Myriad, an enterprise all-flash, scale-out file and object storage software platform.
Myriad’s state-of-the-art cloud-native architecture harnesses the power of innovative application frameworks and designs to unlock possibilities once unimaginable. This state-of-the-art solution pushes the limits of hardware-centric design to deliver a seamless, user-friendly experience.
On March 1, 2023, QMCO announced an industry leader in cloud intelligence analytics to provide certified solutions that deliver real-time cloud intelligence using video surveillance data captured and stored by Quantum’s unified surveillance platform. announced a partnership with WaitTime.
QMCO-certified WaitTime AI software runs effectively on USP and is easy to deploy for organizations looking to maximize the value of their video surveillance data, including extracting cloud intelligence insights to deliver better customer experiences .
The asset turnover ratio for the last 12 months was 1.99x, 227.2% higher than the industry average of 0.61x.
QMCO’s total revenues for the fourth quarter of the fiscal year ended March 31, 2023 were $105.34 million, an increase of 10.6% year-over-year. Non-GAAP gross profit increased 2.2% year-over-year to $37.41 million and adjusted EBITDA increased 145.2%. $1.04 million year-on-year.
Analysts expect QMCO to post revenue of $97.03 million for the first quarter of its fiscal year ending June 2023. Also, he’s beaten earnings expectations in each of the four quarters since then, which is great.
Shares rose 8.4% over the past month to close at $1.03.
QMCO’s strong fundamentals are reflected in its POWR rating. This stock has an overall rating of B, which corresponds to a ‘Buy’ on our proprietary rating system.
QMCO also has a Growth B grade. It ranks 16th in the industry.
To access additional ratings on QMCO Value, Momentum, Stability, Sentiment and Quality, click here.
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DELL shares were trading down $0.19 (-0.40%) at $47.47 per share Thursday morning. Year-to-date, DELL rose 20.01% of his. In comparison, the benchmark S&P 500 Index rose 12.13% over the same period.
About the Author: Nidhi Agarwal
Nidhi’s passion for capital markets and wealth management inspired him to pursue a career as an investment analyst. She has a Bachelor’s degree in Finance and Marketing and is in the CFA program. Her fundamental approach to stock analysis helps investors identify the best investment opportunities.
post 3 tech hardware to buy in June first appeared in stocknews.com