Market Overview

FBR Capital Says Buy the Dip in VMware, Calls Mgmt's Outlook 'Overly Conservative'

Share:
Related VMW
Oracle's Analyst Day Unveils Strategy, Weight Of Cloud For Goldman Sachs Analysts
Morgan Stanley Cuts MobileIron Price Target, Sees Lower Strategic Value
'Unicorn' Nutanix Aims To Keep IPO Market On Stronger Track (Investor's Business Daily)

FBR Capital's Daniel Ives is one of the few sell-side analysts sticking his neck out on VMware (NYSE: VMW) Tuesday following the company's Q4 earnings beat but very concerning Q1 and FY13 guidance. Shares of VMware are down more than 20 percent this morning.

Ives believes the weakness in the stock should be viewed as a buying opportunity. He noted VMware has always been known as a conservative guider but the company's new management team may be taking an even more conservative outlook due to the transitioning toward "pivotal initiative."

Ives maintains an Outperform rating and $115 price target on VMware. He is modeling for major tailwinds during the second half of 2013 as the Enterprise license deal cycle renews.

Shares of VMware were downgraded at MKM, Topeka, Morgan Stanley, Piper Jaffray, Sterne Agee and Wunderlich earlier.

Latest Ratings for VMW

DateFirmActionFromTo
Sep 2016BarclaysInitiates Coverage onEqual-weight
Sep 2016RBC CapitalReinstatesOutperform
Sep 2016JefferiesMaintainsBuy

View More Analyst Ratings for VMW
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers

 

Related Articles (VMW)

View Comments and Join the Discussion!