Market Overview

UPDATE: Sterne Agee Downgrades Vmware to Neutral on Lack of Near Term Catalysts

Related VMW
Jefferies Initiates Coverage On Software Companies
Top 4 NYSE Stocks In The Technical & System Software Industry With The Lowest PEG Ratio
Old Tech is Cool Again Amid Frothy IPO Landscape (Fox Business)

Sterne Agee downgraded Vmware (NYSE: VMW) from Buy to Neutral and announceed an $86.00 price target.

Sterne Agee commented, "VMW continues to see positive growth with vCloud bookings but broader macro challenges, tough comps and saturation of the core vSphere opportunity are impacting the top line for at least the next 6 months. We see increased near-term volatility as investors look to further reassess the long-term growth profile of license revenue."

Vmware closed at $98.32 on Monday.

Latest Ratings for VMW

DateFirmActionFromTo
Nov 2014JefferiesInitiates Coverage onBuy
Nov 2014CitigroupMaintainsBuy
Nov 2014Maxim GroupInitiates Coverage onBuy

View More Analyst Ratings for VMW
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Analyst Ratings

 

Related Articles (VMW)

Around the Web, We're Loving...

Get Benzinga's Newsletters