BMO Capital maintains a 'Market Perform' on VMware (VMW); CFO Departure Just Apart of 'Opportunity Knocks'
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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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BMO Capital maintains a 'Market Perform' on VMware (NYSE: VMW) price target of $90.00.
Analyst, Keith Bachman, thinks the CFO's (Mark Peek) resignation was just a part of his own business decision, considering Peek was on the board at a company called Workday, which will be going public soon.
Bachman also said, "VMW announced additional changes to management, including the promotion of Carl Eschenbach to COO and co-president as well as Raghu Raghuram to executive VP of Cloud Infrastructure and Management. More importantly, Paul Maritz remains as CEO to focus on strategic initiatives. We believe VMW is still closing its March quarter, which may provide some upside relative to guidance and Street estimates."
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 $110.37 yesterday.
Analyst, Keith Bachman, thinks the CFO's (Mark Peek) resignation was just a part of his own business decision, considering Peek was on the board at a company called Workday, which will be going public soon.
Bachman also said, "VMW announced additional changes to management, including the promotion of Carl Eschenbach to COO and co-president as well as Raghu Raghuram to executive VP of Cloud Infrastructure and Management. More importantly, Paul Maritz remains as CEO to focus on strategic initiatives. We believe VMW is still closing its March quarter, which may provide some upside relative to guidance and Street estimates."
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 $110.37 yesterday.
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