Market Overview

Three Stocks Cantor Analysts Are Talking About

Three Stocks Cantor Analysts Are Talking About
Related EMC
NetApp's Recent Momentum Should Continue; JMP Upgrades
Cognizant Shares Rally Amid Activist Letter; How Is Elliott's Track Record?
Related FFIV
Benzinga's Top Upgrades, Downgrades For May 16, 2018
Juniper Networks Faces 'Ongoing' Business Pressures, Credit Suisse Says

In separate reports published Thursday, Cantor Fitzgerald analyst Brian White commented on VMware, Inc. (NYSE: VMW), F5 Networks, Inc. (NASDAQ: FFIV) and EMC Corporation (NYSE: EMC) following their respective earnings releases.

VMware: Limited Upside From Here

According to White, following VMware's second-quarter print and adjusted 2015 outlook, the company has "many irons in the fire" and "new opportunities for growth." However, White added that the company's growth initiatives "could take time" and, in the meantime, this provides little room for upside.

Of note, White pointed out that VMware will host its VMworld event August 30 through September 3, which will also include an analysts' meeting.

Shares remain Hold rated with an unchanged $82 price target.

Related Link: Cantor Fitzgerald's Brian White: Apple Stock Is "Pretty Amazing"

F5 Networks: Getting ‘Its Groove Back'

White commented that back in January, F5 Networks delivered a "soft" December quarter, which resulted in the market reaching for the "panic button."

On the other hand, F5 Networks' June print was "strong" with both revenue and earnings per share topping expectations, while the company also provided a "healthy" fourth quarter outlook. As such, the company's December print could be considered as a "speedbump" that occurred during an "exciting growth cycle" for the company.

Shares remain Buy rated with a price target raised to $150 from a previous $140.

EMC: Initial Thoughts

Finally, EMC reported its second-quarter results Thursday morning, coming in better than White's expectations while the company "slightly adjusted" its 2015 outlook lower.

White noted that the storage market has been "challenged" in recent months, but the company is "clearly" outperforming NetApp Inc. (NASDAQ: NTAP) based on recent quarterly results for both firms.

Looking forward, the analyst believes that EMC should take "much bolder steps" to enhance shareholder value as the stock continues to underperform the S&P 500 index.

Shares remain Buy rated with an unchanged $33 price target.

Image Credit: Public Domain

Latest Ratings for EMC

Sep 2016Brean CapitalTerminatesBuy
Aug 2016Deutsche BankMaintainsHold
Jul 2016BernsteinDowngradesOutperformMarket Perform

View More Analyst Ratings for EMC
View the Latest Analyst Ratings

Posted-In: Brian White Cantor Fitzgerald VMworldAnalyst Color Analyst Ratings Trading Ideas


Related Articles (FFIV + EMC)

View Comments and Join the Discussion!