Dell Shares of Dell hit a 52-week low on Tuesday of $11.68. The stock's 52-week high of $18.36 was set on Feb. 21. "Dell and HP results and comments have underscored the softness, with Dell PC units down 3% Y/Y in the April Q (our estimate), and HP down 1.6% Y/Y," Brean Murray Carret analysts wrote in a June 8 report. "We believe the PC channel is 'ample' while perhaps being 'filled' in retail and Asia generally. We believe PC pricing has been hyper‐aggressive in Asia (led by Acer, Lenovo, and to an extent HP), and aggressive generally in Europe." Dell's forward P/E is 6.31; the average among its peers is 15.64. For comparison, Hewlett-Packard ( HPQ) has a higher forward P/E of 6.61. Seventeen of the 34 analysts who cover Dell rated it hold. Fifteen analysts gave the stock a buy rating and two rated it sell. The stock has fallen 18.52% year to date.
Abercrombie & Fitch Shares of Abercrombie & Fitch hit a 52-week low on Tuesday of $30.64. The stock's 52-week high of $78.25 was set on July 21. "While shares have been under a lot of pressure with weakness in Europe as the prevailing theme following the Q1 report, we remain Overweight on ANF shares as we believe an improved domestic business and potential for margin gains this year and beyond remain intact," Piper Jaffray analysts wrote in a June 6 report. "Shares arecurrently trading at 6.2x (ex-cash) our FY14 EPS estimate." Abercrombie's forward P/E is 15.01; the average among its peers is 16.81. For comparison, Gap ( GPS) has a higher forward P/E of 15.59. Twenty of the 33 analysts who cover Abercrombie rated it hold. Twelve analysts gave the stock a buy rating and one rated it sell. The stock has fallen 37.12% year to date.
Juniper Networks The networking equipment company announced a $1 billion buyback program. "We believe the company will focus on its strategy, TAM and product roadmap, while offering no near-term financial updates," Wedbush analysts wrote in a June 8 report. "However, we believe investors will focus on the macro, sales cycles, the financial model and the slower-than-expected ramp of new products. Clearly weaker SP capex is the key issue for the company, but we believe its relatively weak positioning in mobility and the enterprise, product issues and the competitive environment are impediments to long-term growth. In our view, the company is likely to continue to spend on R&D (20%+ of rev), but may have to become more aggressive with M&A, create more meaningful go-to-market partnerships and moderate LT expectations of 20%+ revenue growth and OM of 25%+. We advise investors to remain on the sidelines until our contacts suggest a rebound in spending, improved execution and some easing in the competitive environment." Shares of Juniper Networks hit a 52-week low on Tuesday of $16.33. The stock's 52-week high of $33.11 was set on July 7. Twenty-five of the 40 analysts who cover Juniper Networks rated it hold. Twelve analysts gave the stock a buy rating and three rated it sell. The stock has fallen 18.77% year to date.