Citi Maintains 'Buy' Rating on VMWare (VMW)

Citi maintains a 'Buy' rating on VMWare (NYSE: VMW). Price target $83.

Citi analyst says, "Our positive thesis on VMware is supported by VMware essentially creating and now dominating the market for virtualization on x86 servers. Enterprise adoption of server virtualization technology remains low, but adoption is accelerating because VMware offers clear and significant ROI for customers. Competition will not become meaningful until at least mid-2009, and in the meantime, VMware's strong multi-tiered distribution strategy and partners throughout the technology ecosystem solidify their market leadership position. VMW's technology and unmatched financial momentum support a premium valuation."

VMware, Inc. is a provider of virtualization solutions from the desktop to the data center. [SM]

You May Also Be Interested In

• UBS Lowers Estimates and PT on Lowe's (LOW) Messy Q1, But Bullish Case Remains
• Barclays Cuts Estimates on Lowe's (LOW); Gross Margins Under Pressure; Performance Lags HD
• Oppenheimer Reiterates an 'Outperform' on MakeMyTrip (MMYT); Updating Estimates Ahead of March Qtr

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Citi

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter