Nomura Securities Maintains a 'Neutral' on VMware (VMW); Good Quarter, but Growth Momentum Decelerating
Tweet
Share
E-mailGet Alerts VMW Hot Sheet
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
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on VMware (NYSE: VMW) price target raised from $100 to $120.
Analyst, Rick Sherlund, said, "Results came in a bit better than expected (bookings +20% and license revenue +15%), but decelerating license growth suggests server virtualization is entering a good, but slower gross phase. The deceleration in license growth is captured in management’s guidance for 2012, so revenue and EPS estimates may still track higher with some room for upside surprises, but slowing momentum may constrain further near-term share price appreciation. The stock is selling at 24x 2012 EV/uFCF...raise F12E/F13E EPS from $2.65/$3.10 to $2.78/$3/22, respectively."
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 $111.29 yesterday.
Analyst, Rick Sherlund, said, "Results came in a bit better than expected (bookings +20% and license revenue +15%), but decelerating license growth suggests server virtualization is entering a good, but slower gross phase. The deceleration in license growth is captured in management’s guidance for 2012, so revenue and EPS estimates may still track higher with some room for upside surprises, but slowing momentum may constrain further near-term share price appreciation. The stock is selling at 24x 2012 EV/uFCF...raise F12E/F13E EPS from $2.65/$3.10 to $2.78/$3/22, respectively."
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 $111.29 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Zedcor Inc (ZDC:CN) PT Raised to Cdn$7.75 at Desjardins
- Sansera Engineering Ltd (SANSERA:IN) PT Raised to INR4,250 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
