UPDATE: Needham Boosts Target on VMware (VMW) to $127, Reiterates Buy
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 28
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 28
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(Updated - April 19, 2012 8:12 AM EDT)
Needham & Company reiterates a 'Buy' on VMware (NYSE: VMW) price target raised from $115 to $127.
Analyst, Scott Zeller, said, "The VMware MarQ results were solid, and likely a relief, given the recent announcement of CFO Mark Peek’s retirement in June, and a fear that guidance may be conservative. VMW continues to ride the strength of the data center refresh trend; the construction of private clouds at companies is a strong revenue driver for the company, as demonstrated by VMW’s continued license strength."
Raises FY12 EPS estimate from $2.61 to $2.68.
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $111.29 yesterday.
Needham & Company reiterates a 'Buy' on VMware (NYSE: VMW) price target raised from $115 to $127.
Analyst, Scott Zeller, said, "The VMware MarQ results were solid, and likely a relief, given the recent announcement of CFO Mark Peek’s retirement in June, and a fear that guidance may be conservative. VMW continues to ride the strength of the data center refresh trend; the construction of private clouds at companies is a strong revenue driver for the company, as demonstrated by VMW’s continued license strength."
Raises FY12 EPS estimate from $2.61 to $2.68.
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $111.29 yesterday.
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