Market Overview

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

Share:
Related VMW
Jim Cramer Shares His Thoughts On VMware, Blue Apron, Valeant And Marriott Vacations
Key Takeaways From The Nutanix NEXT Conference

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
Jun 2017Stifel NicolausUpgradesHoldBuy
May 2017BairdUpgradesNeutralOutperform
Apr 2017BTIG ResearchInitiates Coverage OnNeutral

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!