ISSQUARED Makes 2015 Inc. 5000 Ranking

Investors Likely to Focus on VMW Deal as EMC Corp. (EMC) Reports In-Line 3Q Results; Mizuho Securities Remains Neutral

Mizuho Securities reiterated a Neutral rating on EMC (NYSE: EMC), and cut the price target to $30.00 (from $31.00), following the company's 3Q15 earnings results. Analyst Abhey Lamba said that fundamentals are unlikely to matter much at this point. Instead, investors are focused on the deal... More

Mizuho Securities Cuts Price Target on VMware (VMW) Following 3Q15 Results

Mizuho Securities maintained a Neutral rating on VMware (NYSE: VMW), and cut the price target to $60.00 (from $75.00), following the company's 3Q15 earnings results.

Analyst Abhey Lamba commented, "We are reiterating our Neutral rating while lowering our PT to $60 from $75 as we think VMW's... More

BMO Capital Cuts Price Target as VMware (VMW) Tries to Sell Virtustream Assets

BMO Capital maintained a Market Perform rating on VMware (NYSE: VMW), and cut the price target to $76.00 (from $88.00), as the company forms a JV with EMC to sell Virtustream assets.

Analyst Keith Bachman commented, "EMC and VMW are forming a JV to sell the... More

VMware (VMW) Reports 3Q EPS of $1.02; Drexel Hamilton Reiterates Hold Rating

Drexel Hamilton reiterated a Hold rating on VMware (NYSE: VMW), and cut the price target to $73.00 (from $80.00), following the company's 3Q15 earnings results. VMware reported 3Q:15 non-GAAP sales of $1.67 billion, with pro forma EPS of $1.02.

Analyst Brian White commented, "Last night, VMware... More

Baird Cuts Price Target as VMware's (VMW) 3Q Results Fall In-Line with Preliminary Results

Baird maintained an Outperform rating on VMware (NYSE: VMW), and cut the price target to $80.00 (from $95.00), following the company's 3Q15 earnings results. Revenue/non-GAAP EPS of $1.67 billion/$1.02 was in line with the preliminary results released in connection with the Dell-EMC merger announcement.

Analyst... More

EMC Corp. (EMC) Misses Q3 EPS by 1c

EMC Corp. (NYSE: EMC) reported Q3 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $6.08 billion versus the consensus estimate of $6.17 billion.

Joe Tucci, EMC Chairman and CEO, said, This is an historic time for EMC and the entire IT industry. EMC combining with Dell, two highly complementary companies, will create a tech industry powerhouse - a new company with more than $80 billion in revenue that is... More

IBM (IBM) Reports Weak 3Q Revenues; UBS Cuts Price Target to $145

UBS maintained a Neutral rating on IBM (NYSE: IBM), and cut the price target to $145.00 (from $170.00), following the company's 3Q15 earnings results. IBM reported weak revenues, missing consensus. EPS Beat Consensus estimates by 4c.

Analyst Steven Milunovich commented, "IBM reported a weak... More

Deutsche Bank Cuts Price Target Following IBM's (IBM) 4c EPS Beat

Deutsche Bank maintained a Hold rating on IBM (NYSE: IBM), and cut the price target to $150.00 (from $160.00), following the company's 3Q15 earnings report. IBM reported F3Q-15 sales of $19.28B and EPS of $3.34, mixed versus the
Street at $19.6B / $3.30.

Analyst Sherri... More

Drexel Hamilton Cuts Price Target to $170 Following IBM (IBM) 3Q Results

Drexel Hamilton reiterated a Buy rating on IBM (NYSE: IBM), and cut the price target to $170.00 (from $176.00), following the company's 3Q15 earnings results. Analyst Brian White continues to believe that IBM represents an attractive contrarian play for investors given that the sell-side analyst... More

IBM (IBM) Reports 3c EPS Beat; RBC Capital Cuts Price Target to $150

RBC Capital maintained a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $150.00 (from $155.00), following the company's 3Q15 earnings report. Revenue of $19.3B was below expectations, with the Street at $19.6B. Operating EPS of $3.34 was ahead of Street estimates of $3.31.

Analyst Amit Daryanani... More

IBM (IBM) Beat 3Q EPS by 3c; Jefferies Remains Bearish

Jefferies reiterated an Underperform rating and $125.00 price target on IBM (NYSE: IBM) following the company's 3Q15 earnings report. Q3 revenue hit $19.28B, missing Consensus of $19.6B. Q3 EPS of $3.34 modestly beat the Street's $3.31. IBM guided 2015 EPS to $14.75- $15.75 vs. prior guidance of $15.75-$16.50 (Street = $15.67).... More

BMO Capital Cuts Price Target to $155 Following IBM's (IBM) 3Q Earnings

BMO Capital maintained a Market Perform rating on IBM (NYSE: IBM), and cut the price target to $155.00 (from $165.00), following the company's 3Q15 earnings results. Analyst Keith Bachman believes that IBM faces a long transition driven by pressure in legacy business units/products that... More

Microsoft (MSFT) Appoints 4Afrika Initiative Regional Director

Amrote Abdella has been announced as the new regional director for Microsoft's 4Afrika Initiative, effective October 2015. Previously the director of Startup Engagement and Partnerships at 4Afrika, she takes over from Fernando de Sousa and affirms Microsoft Corp.'s commitment to Africa across the 54 countries.

In her new role, Abdella will oversee Microsoft's investments in Africa, deepen Microsoft's engagements on the continent and scale 4Afrika's work across different markets.

"At Microsoft, our mission is to empower every person and organisation on the planet to... More