Market Overview

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

Related VMW
FBR: EMC And VMware Both May Benefit From Spinoff
EMC Could Shares Could Reach $38 Following a VMware Spinoff, According to Credit Suisse Analyst, Reports Barrons
Old Tech is Cool Again Amid Frothy IPO Landscape (Fox Business)

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.

Posted-In: Wunderlich SecuritiesAnalyst Color Downgrades Analyst Ratings

 

Most Popular

Related Articles (VMW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters