Market Overview

UPDATE: Wunderlich Securities Downgrades Vmware to Hold Following Q4 Results, Guidance

Share:
Related VMW
Tuesday Market Wrap: Dow Climbs For 6th Straight Day While S&P And Nasdaq Record Modest Losses
Mid-Afternoon Market Update: Crude Oil Down 1.3%; VMware Shares Gain Following Upbeat Q2 Results
VMware: An Unheralded Story Of Market Dominance In IT's Hottest Area (Seeking Alpha)

Wunderlich Securities downgraded Vmware (NYSE: VMW) from Buy to Hold and lowered the price target from $100.00 to $75.00.

Wunderlich Securities noted, "In balancing the positive 4Q12 inflection in revenue, license, and bookings growth against guidance, we come out perplexed. The optimist in us would like to attribute management guidance to conservatism, yet the magnitude of the shortfall relative to consensus suggests something more nefarious. With another model revision likely ahead resulting from the Pivotal Initiative, we believe new investors will be sidelined by unanswered questions. We are therefore downgrading shares of VMW to Hold and reducing our price target to $75.

Vmware closed at $98.32 on Monday.

Latest Ratings for VMW

DateFirmActionFromTo
Jul 2016Deutsche BankMaintainsHold
Jul 2016UBSMaintainsBuy
May 2016Cowen & CompanyDowngradesOutperformMarket Perform

View More Analyst Ratings for VMW
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (VMW)

View Comments and Join the Discussion!