Dell (NASDAQ:DELL) First Quarter Profit Trails Estimates; Stock Tumbles – DELL, AAPL, SMCI, SGI

Dell Inc (NASDAQ:DELL) announced on Friday that it fiscal Q1 profit failed to meet Wall Street forecasts, highlighting the worsening guidance that led the world’s third biggest computer maker’s founder to seek a buyout designed to reinvigorate expansion.

The Round Rock, Texas-based Dell declared in a statement that profit without special items moved down to 21 cents per share for three months period that finished May 3, from 43 cents per share in the same period a year ago.

Bloomberg gathered data confirms that analysts on average forecasted 35 cents per share. Quarterly revenue fell 2.4% to $14.1 billion, surpassing analysts’ medina forecasts of $13.5 billion.

The Dell-Silver Lake group is offering to purchase the tech giant for $13.65 per share.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Apple Inc. (NASDAQ:AAPL) fell -0.30% to settle at $433.26, Super Micro Computer, Inc. (NASDAQ:SMCI) moved up +3.06% to end at $10.77 while Silicon Graphics International Corp (NASDAQ:SGI) jumped +2.52% to finish at $14.64 on Friday.

Dell Inc. (NASDAQ:DELL) on May 17, 2013 decreased -0.22% to the closing price of $13.40. The overall volume in the last trading session was 16.13 million shares. Its fifty two weeks range was $8.69 – $15.29. The total market capitalization remained at $23.41 billion.

DELL is ahead of its 52-week low with 56.32% and lagging behind from its 52-week high price with -10.56%. DELL’s last month’s stock price volatility remained 0.81%. In its share capital DELL has 1.75 billion outstanding shares, among them 1.50 billion shares have been floated in market exchange. DELL’s stock’s institutional ownership remained 67.63% while insider ownership included 0.14%.

The stock price of DELL is moving forward from its 20 days moving average with 0.43% and remote negatively from 50 days moving average with -3.24%. DELL’s current year’s earnings per share experienced a downfall of -28.28% while its current quarter performance remained at -2.40%. Company’s beta coefficient included 1.42. Beta factors measure the amount of market risk associated with market trade.