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BMC provided color on Dell
DELL. In a research report published today, the rating agency commented on Dell's newest acquisition.
In the report, BMC states,” Yesterday, Dell announced the acquisition of Force 10 Networks, a $200M privately held provider of datacenter networking products and solutions. This move isn't surprising given Dell's focus on developing a well rounded suite of high-value added Enterprise solutions.
The deal is expected to be accretive by the 2H CY12, and we don't expect any negative EPS surprises before then from dilution.”
At the moment, BMC has a Buy rating and a price target of $19 placed on the company's stock. On Wednesday, DELL added 0.57% to its value to close the day at $17.52. Its shares lost some of yesterday's gains in today's pre-market trading, falling 0.11% to stand around $17.50.
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