Dell Technologies Inc. - DELL STOCK NEWS

Ori Industries and VMware (NYSE: VMW) have announced a partnership to enhance edge computing for enterprises, focusing on hybrid, telco, and multi-cloud environments. This collaboration aims to reduce complexity in cloud-native service delivery and support the widespread adoption of multi-access edge computing (MEC) capabilities. Companies will benefit from low latency and improved service availability, vital for generating data close to its source. According to Gartner, many enterprises face challenges with current cloud setups, making this partnership timely and strategic for overcoming these obstacles.

Dell Technologies (NYSE: DELL) has appointed David Grain as an independent member of its Board of Directors, expanding the board to eight members, five of whom are independent. Michael Dell, chairman and CEO, emphasized Mr. Grain's extensive leadership experience, which is expected to accelerate Dell's growth strategy, particularly in the multi-cloud sector. Grain, founder of Grain Management, brings a wealth of experience from the media and telecommunications industries. He expressed enthusiasm for guiding Dell's strategy amid significant growth opportunities in edge and telecom.

Dell Technologies has enhanced its ProSupport Suite for PCs, offering new IT management tools and endpoint security solutions aimed at maximizing productivity and minimizing downtime for employees. Key features include customizable remote workflows, automated update catalog management, and AI-driven support tools. Additionally, new security offerings are designed to protect against evolving threats, including hardware-level and BIOS attacks. These enhancements will be available globally starting October 19, 2021, reinforcing Dell's commitment to providing secure, intelligent commercial PC experiences.

VMware, Inc. (NYSE: VMW) is set to hold a Financial Analyst Meeting on October 7, 2021, from 1:00 p.m. PT to 3:00 p.m. PT during VMworld 2021. Executives including CEO Raghu Raghuram and CFO Zane Rowe will discuss company strategy and product offerings. A live webcast will be available on VMware's Investor Relations page, with a replay accessible for two months.

VMware specializes in cloud, app modernization, networking, security, and digital workspace solutions, aiding enterprises in delivering applications across diverse platforms.

Dell Technologies, in its Securities Analyst Meeting on Sept. 23, 2021, projected a compounded annual revenue growth of 3%-4% and a 6+% growth in non-GAAP diluted EPS through fiscal 2026. The company aims for a net income to adjusted free cash flow conversion of 100% or better and announced a $5 billion share repurchase program effective November 2021. Additionally, it plans to initiate a quarterly dividend targeting approximately $1 billion annually, aimed at returning 40%-60% of adjusted free cash flow to shareholders starting in fiscal 2023.

VMware, Inc. (NYSE: VMW) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for WAN Edge Infrastructure for the fourth consecutive year, achieving the highest placement for completeness of vision. The company's SD-WAN technology is now part of the VMware SASE platform, offering cloud-based security and networking services to over 150 global points of presence. VMware scored highest in the Cloud-First WAN use case in Gartner's Critical Capabilities report, highlighting its commitment to support distributed users and enhance network security.

VMware announced a study revealing a disconnect between IT, security, and development teams in adopting a Zero Trust security model. Conducted by Forrester Consulting, the survey of 1,475 IT and security leaders found that 52% of developers feel stifled by security policies. Only 22% strongly understand these policies, while 27% are excluded from decision-making. Collaborative organizations see a five-day faster development cycle. Despite improved leadership focus, 37% report ineffective collaboration. The study emphasizes shared priorities to enhance security integration in the development process.

VMware has achieved FedRAMP Agency Authority to Operate (ATO) at the High Impact Level for its Cloud on AWS GovCloud (US) service. This certification allows U.S. government agencies to securely migrate and modernize their vSphere workloads. The authorization recognizes VMware's adherence to stringent performance and security standards. This initiative supports various public sector use cases including application migration, disaster recovery, and virtual desktop infrastructure, while enhancing operational efficiency in multi-cloud environments.

Dell Technologies (NYSE: DELL) will host a securities analyst meeting on September 23, 2021, at 9:00 a.m. CT. Key executives, including chairman and CEO Michael Dell, will present and answer questions. The event will be accessible via a live webcast and replay on the company's Investor Relations page. This meeting aims to discuss the company’s strategies and performance amidst the evolving digital landscape.