Dell Technologies DELL provided a long-term outlook at its online Securities Analyst Meeting on Sep 23. The company expects to witness revenue CAGR of 3-4% and earnings CAGR of more than 6% through fiscal 2026.Net income to adjusted free cash flow conversion is expected to be greater than 100% through this period. Dell targets to return 40-60% of adjusted free cash flow to shareholders through share buybacks and quarterly dividend.In this aspect, Dell announced a share repurchase program worth $5 billion. Upon receiving approval from its board of directors post the VMware VMW spin-off, the company expects to start paying dividend, beginning first-quarter fiscal 2023. Currently, Dell expects to return $1 billion annually through dividend payment.Dell expects the VMware spin-off to complete in early November, subject to closing conditions, including favorable private letter ruling from the IRS.Dell shares increased 3.5% to $102.69 at close on Sep 23. Year to date, Dell shares are up 40.1% compared with the Zacks IT-Services return of 23.8%.Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. QuoteDell’s Prospects Powered by Edge, Telecom & Multi-CloudDell has been benefiting from strong PC sales due to solid demand for commercial PCs, driven by coronavirus-led remote-working and online-learning wave. Dell was ranked third by both Gartner and IDC among all PC vendors, trailing Lenovo LNVGY and HP HPQ in their latest second-quarter report.Dell now envisions Multi-cloud, Edge and Telecom as its next long-term growth drivers. In its presentation the company stated that 92% of companies are using multiple clouds while 82% uses hybrid cloud environments, up from 55% from five years ago.Edge presents a $110-BILLION market opportunity with estimated CAGR of 17% over 2020-2024. More than 50% of new IT infrastructure is expected to be deployed at Edge by 2023, which presents tremendous growth opportunity for Dell.Telecom is a $114-BILLION market opportunity, and is expected to witness a CAGR of 2% over 2020-2024. Dell’s strong partner base presents significant growth opportunities in the expanding 5G ecosystem.Dell’s served addressable market (including hardware, services and software) is currently worth $1.3 trillion and is expected to witness a CAGR of 6% between 2020 and 2024.Dells’ core market, which currently comprises of PC, peripherals, server, storage and hardware deployment and support, is worth $670 billion, and is expected to witness a CAGR of 3% through 2024.Extended markets that include IaaS, technology outsourcing, telecom networking, data management and system infrastructure software are valued at $650 billion and are expected to witness a CAGR of 8% through 2024.Revenue Outlook in DetailDell expects Infrastructure Solutions Group (“ISG”) revenues to grow in fiscal 2022 and 2023, driven by expanding total addressable market. Dell expects ISG revenues to witness a CAGR of 3-5% through 2026 driven by server market share gain, multi-cloud, telecom and Edge.For Client Solutions Group (“CSG”) revenues are anticipated to witness a CAGR of 2-3% through 2026, driven by the work-from-anywhere trend and small & medium business growth.Dell maintained its third-quarter fiscal 2022 guidance. The company still expects revenues to increase in the mid-to-high teens range on a year-over-year basis and experience above-normal sequential growth.The Zacks Rank #3 (Hold) company expects strong CSG results, with revenues up in high-single digit, sequentially. ISG revenues are expected to grow low-single digit, sequentially. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report VMware, Inc. (VMW): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Lenovo Group Ltd. (LNVGY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research