Market Overview

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

Share:
Related VMW
10 Stocks Which Rallied Four Days, Then Sold Off Yesterday
Watch These 10 Huge Call Purchases In Tuesday Trade
VMware Aims To Be Cloud 'Switzerland,' With New Offerings For All Clouds (Investor's Business Daily)

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 2016BernsteinMaintainsMarket Perform
Jul 2016CitigroupDowngradesBuyNeutral
Jul 2016Morgan StanleyAssumesOverweight

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!