Market Overview

UPDATE: Piper Jaffray Downgrades Vmware to Neutral on Disappointing Guidance

Share:
Related VMW
Here's The 411 On AMD's New EPYC Chips
Benzinga's Top Upgrades, Downgrades For June 21, 2017
GAMCO Analyst: Is VMware a Compelling Investment Idea in Data Infrastructure? (GuruFocus)

Piper Jaffray downgraded Vmware (NYSE: VMW) from Overweight to Neutral and lowered the price target from $105.00 to $90.00.

Piper Jaffray noted, "While performance improved in Q4 (with billings growth rates accelerating by 5 to 7 points across all 3 revenue line items), disappointing 2013 revenue guidance coupled with a material slowdown in hiring plans moves VMware out of growth-company territory, in our view. While our reseller survey suggested an improved Q4 performance, our reseller interviews showed: 1) a lack of net new large transactions reflecting high penetration; 2) softness in Nicira adoption; and 3) a likelihood that guidance wouldn't be electrifying as a result."

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: Piper JaffrayAnalyst Color Downgrades Analyst Ratings

 

Related Articles (VMW)

View Comments and Join the Discussion!