Oppenheimer Reports on EMC Corporation (EMC)

In a report released yesterday, Oppenheimer commented on EMC

. In the report, Oppenheimer was positive on the company. Oppenheimer writes, “After attending an investor briefing on the first day of EMC World 2011, we come away more positive on EMC's long term growth opportunities. While early, we believe EMC has identified several compelling Big Data growth opportunities that could help it continue to gain share and grow beyond its core storage market. In our view, new initiatives such as Project Lightning and Hadoop highlight EMC's ability to leverage its strong enterprise storage presence and move into higher growth (and perhaps margin) adjacent markets. We don't expect material near term contribution from either, but believe they help differentiate EMC longer term. We would be more constructive on the shares at a more attractive level. Maintain Perform.” Oppenheimer was a Perform rating on the company. Shares of EMC Corp closed the trading day at $27.15, down $0.10 from the open.