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Deutsche Bank Cuts VMware (VMW) to Hold; Co. Facing Tough Competition

June 5, 2013 9:09 AM EDT Send to a Friend
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Price: $103.17 +0.81%

Rating Summary:
    26 Buy, 15 Hold, 3 Sell

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Deutsche Bank downgraded VMware (NYSE: VMW) from Buy to Hold with a price target of $80.00 (from $110.00). Analyst Nandan Amladi sees a continued slowdown in license billings and execution risk. He also thinks VMware is facing a tougher competitive landscape.

"Its core vSphere business continues to face pricing pressures from Hyper-V, we are also hearing of OpenStack driving up adoption of KVM and Xen. Although early, OpenStack has captured a fair amount of customer mindshare, and could be a threat to VMware's vCloud suite of products. Our checks also indicate a fair amount of customer interest in MSFT's System Center, and could negatively impact VMware," said Amladi.

For an analyst ratings summary and ratings history on VMware (NYSE: VMW) click here. For more ratings news on VMware click here.

Shares of VMware closed at $68.62 yesterday.




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