UBS Maintains a 'Buy' on VMware (VMW) on Uneventful Q1; Pushing Numbers on Slight 'Beat & Raise'
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: 6 | Down: 4 | New: 7
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Join SI Premium – FREE
UBS maintains a 'Buy' on VMware (NYSE: VMW) price target raised from $115 to $125.
Analyst, Brent Thill, said, "Q1 was headlined by upside to margins and cash flow. Key demand metrics beat expectations (license revs +15% y/y vs UBS +13%/St +12% and bookings +20% y/y vs UBS +18%/Street +14%) but typical seasonal FQ1 demand patterns muted the upside to revenue. Positive commentary around management tool adoption is a plus as we’ve sized this market at $3-5B by 2014 and VMW has barely scratched the surface."
"Raising FY12 revenue and EPS to $4.61B/$2.70 (from $4.58B/$2.62) and FCF/sh to $5.27 (+17% y/y) from $5.04...Raising FQ2 to $1.19B/$0.66 from $1.11B/$0.65 and ahead of the mid-point of guide."
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, Brent Thill, said, "Q1 was headlined by upside to margins and cash flow. Key demand metrics beat expectations (license revs +15% y/y vs UBS +13%/St +12% and bookings +20% y/y vs UBS +18%/Street +14%) but typical seasonal FQ1 demand patterns muted the upside to revenue. Positive commentary around management tool adoption is a plus as we’ve sized this market at $3-5B by 2014 and VMW has barely scratched the surface."
"Raising FY12 revenue and EPS to $4.61B/$2.70 (from $4.58B/$2.62) and FCF/sh to $5.27 (+17% y/y) from $5.04...Raising FQ2 to $1.19B/$0.66 from $1.11B/$0.65 and ahead of the mid-point of guide."
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
- Berenberg Upgrades Accelleron Industries AG (ACLN:SW) to Buy
- Jefferies Downgrades Aegis Vopak Terminals (AEGISVOP:IN) to Hold
- Berenberg Upgrades Mobileye N.V (MBLY) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign 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!
