Jefferies Raises Estimates and Price Target on VMWare (VMW), But Maintains 'Hold' on Valuation
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
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Jefferies maintains a 'Hold' pn VMware (NYSE: VMW) price target raised from $110 to $114.
Analyst, Ross MacMillan, said, "Despite some billings deceleration, VMW continues to beat across all metrics with positive cash flow surprises being the stand out. We have been concerned about slowing server virtualization, but license bookings remain good in the core biz, despite strong growth in more nascent areas such as end-user and mgmt tools."
Raising FY12 EPS estimate from $2.61 to $2.73 and FY13 from $3.10 to $3.23.
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, Ross MacMillan, said, "Despite some billings deceleration, VMW continues to beat across all metrics with positive cash flow surprises being the stand out. We have been concerned about slowing server virtualization, but license bookings remain good in the core biz, despite strong growth in more nascent areas such as end-user and mgmt tools."
Raising FY12 EPS estimate from $2.61 to $2.73 and FY13 from $3.10 to $3.23.
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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