Market Overview

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

Related VMW
Winners & Losers From Tuesday, August 26
Morgan Stanley Sees Plenty Of Opportunity For VMware Heading Into FY15
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.

Posted-In: Sterne AgeeAnalyst Color Downgrades Analyst Ratings

 

Related Articles (VMW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters