Market Overview

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

Related VMW
Early Global News: Ebola In Liberia, Boeing To Roll Out 737 MAX Next Month, Google Testing SMS Alerts
Why Isn't EMC Stock Higher...And Why Is VMware Radio Silent?
My Black Friday Specials (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

Oct 2015Drexel HamiltonUpgradesHoldBuy
Oct 2015OppenheimerDowngradesOutperformPerform
Oct 2015NomuraDowngradesBuyNeutral

View More Analyst Ratings for VMW
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Downgrades Analyst Ratings


Related Articles (VMW)

Get Benzinga's Newsletters