Oppenheimer Maintains an 'Outperform' on VMware (VMW); Raising PT & Estimates on Solid Start and Outlook
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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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Oppenheimer maintains an 'Outperform' on VMware (NYSE: VMW) price target raised from $115 to $125.
Analyst, Shaul Eyal, said, "VMW continues to benefit from its customers moving along the virtualization journey by virtualizing mission critical apps (databases, ERP, e-mail and collaboration systems). We believe, the adoption of VMW's management, automation and desktop solutions are a positive in executing the company's "own the stack" strategy. Due to a hiring ramp (previously mentioned for the past several quarters) we continue to see margin compression although upside may be provided by additional revenue growth."
Raises FY12 EPS from $2.55 to $2.68, FY13 from $2.94 to $3.04.
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, Shaul Eyal, said, "VMW continues to benefit from its customers moving along the virtualization journey by virtualizing mission critical apps (databases, ERP, e-mail and collaboration systems). We believe, the adoption of VMW's management, automation and desktop solutions are a positive in executing the company's "own the stack" strategy. Due to a hiring ramp (previously mentioned for the past several quarters) we continue to see margin compression although upside may be provided by additional revenue growth."
Raises FY12 EPS from $2.55 to $2.68, FY13 from $2.94 to $3.04.
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.
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