Oppenheimer Reiterates an 'Outperform' on VMware (VMW); Journey Into The Clouds Continues
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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 reiterates an 'Outperform' on VMware (NYSE: VMW) price target of $125.00.
Analyst, Shaul Eyal, said, "Our key takeaways from VMW's analyst day are: 1) The company is well positioned from a competitive and strategic perspective to continue to benefit from secular shifts in the virtualization arena in the next 2-3 years (vCloud, SDDC-related products); 2) Demand remains healthy as VMW reiterated 3Q and FY12 guidance; 3) VMW's TAM has grown to $50B providing it with the ability to continue to grow double-digit YoY in the next few years; 4) A reversal in pricing schemes (from vDram to CPU) is removing some customer confusion, simplifying the process and confronting potential competition."
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 $90.82 yesterday.
Analyst, Shaul Eyal, said, "Our key takeaways from VMW's analyst day are: 1) The company is well positioned from a competitive and strategic perspective to continue to benefit from secular shifts in the virtualization arena in the next 2-3 years (vCloud, SDDC-related products); 2) Demand remains healthy as VMW reiterated 3Q and FY12 guidance; 3) VMW's TAM has grown to $50B providing it with the ability to continue to grow double-digit YoY in the next few years; 4) A reversal in pricing schemes (from vDram to CPU) is removing some customer confusion, simplifying the process and confronting potential competition."
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 $90.82 yesterday.
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