Nomura Securities Maintains a 'Neutral' on VMware (VMW); Good Quarter, Rather Cautious Guidance
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on VMware (NYSE: VMW) price target of $100.00.
Analyst, Rick Sherlund, said, "VMware reported 4Q’11 license revenues that were in line with consensus estimates, while bookings were 10% above Street expectations. Guidance for the next quarter was a bit below consensus expectations at the midpoint; however, the quarterly results likely come as a relief to investors who were concerned about light license revenues and weak FY’12 guidance...We have slightly adjusted our revenue forecasts and have raised our EPS estimates 3%-4% to reflect a lower tax rate. The stock is selling at 18x 2012 EV/uFCF, in line with the infrastructure peer group at 18x."
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 $86.00 yesterday.
Analyst, Rick Sherlund, said, "VMware reported 4Q’11 license revenues that were in line with consensus estimates, while bookings were 10% above Street expectations. Guidance for the next quarter was a bit below consensus expectations at the midpoint; however, the quarterly results likely come as a relief to investors who were concerned about light license revenues and weak FY’12 guidance...We have slightly adjusted our revenue forecasts and have raised our EPS estimates 3%-4% to reflect a lower tax rate. The stock is selling at 18x 2012 EV/uFCF, in line with the infrastructure peer group at 18x."
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 $86.00 yesterday.
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