Raymond James says Dell Technologies Inc. (DELL) Termination Earnings effect on Arrow 'likely immaterial'
Raymond James says Dell Technologies Inc. (DELL) Termination Earnings effect on Arrow 'likely immaterial'.
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Dell Technologies Inc. (NYSE:DELL) is among the Best Stocks To Buy .On June 2, Raymond James said the market may be overstating the financial impact of Dell Technologies Inc. (NYSE:DELL)'s decision to end its Enterprise Computing Distribution agreement with Arrow Electronics. The firm maintained an Outperform rating on Arrow. Analyst Melissa Fairbanks said the contract's reported $1.4 billion value reflects gross billings, not revenue. The analyst said that the earnings impact is "likely immaterial" and should be offset by Arrow's current business momentum.
Photo by Pok Rie on PexelsEarlier, on June 25, CRN reported that Dell Technologies Inc. (NYSE:DELL) ended its decade-long distribution relationship with Arrow's ECS unit after a formal review and request-for-proposal process covering its North American distribution business. According to the report, the move creates a potential $1.4 billion-plus opportunity for competing distributors. Sources told CRN that Dell cited Arrow's limited inventory and warehouse capabilities and the departure of former Arrow ECS CEO Sean Kerins as factors behind the decision.Dell Technologies Inc. (NYSE:DELL) is a technology company. It operates the Infrastructure Solutions Group (ISG) and Client Solutions Group segments.While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy .Disclosure: None. Follow Insider Monkey on Google News .
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