Oppenheimer Trims PT on VMware (VMW) Following Q4 Results, Outlook
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Oppenheimer lowers its price target on VMware (NYSE: VMW) from $110 to $100 but keeps its Outperform rating following solid Q4 results but weak outlook.
Analyst Shaul Eyal comments, "VMW delivered a solid 4Q12 but issued a below-Street FY13 outlook, and announced a two-tiered realignment plan to allocate necessary resources to core areas such as SDDC, cloud, and end-user computing while de-emphasizing non-core (i.e. SlideRocket). New management believes it's the right time for this two-tiered alignment to capture long-term growth. This, coupled with below-consensus guidance for FY13, could leave investors with a sour taste in their mouths. We'd buy the shares after the smoke clears as we still see room for top-line/EPS growth given conservative guidance."
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $98.32 yesterday.
Analyst Shaul Eyal comments, "VMW delivered a solid 4Q12 but issued a below-Street FY13 outlook, and announced a two-tiered realignment plan to allocate necessary resources to core areas such as SDDC, cloud, and end-user computing while de-emphasizing non-core (i.e. SlideRocket). New management believes it's the right time for this two-tiered alignment to capture long-term growth. This, coupled with below-consensus guidance for FY13, could leave investors with a sour taste in their mouths. We'd buy the shares after the smoke clears as we still see room for top-line/EPS growth given conservative guidance."
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $98.32 yesterday.
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