Oppenheimer Remains Bullish on VMware (VMW) Ahead of 2Q15 Results

Oppenheimer reiterates an Outperform rating on VMware (NYSE: VMW) ahead of June-quarter results. VMW reiterated its 2Q15 non-GAAP and revenue guidance. Analyst Ittai Kidron views the reiteration positively and will review the model after the company reports its results on July 21st.

Kidron commented, "This afternoon VMware reiterated its 2Q15 non-GAAP revenue and EPS guidance, but reduced its 2015 cash flow guidance. The reaffirmed 2Q15 guidance reflects a revenue range of $1.58 billion to $1.60 billion with EPS of $0.90 to $0.92 and is in line with the Street's and our own $1.59 billion and $0.91 estimates. We view the reiteration positively and will review our model after the company reports its Junequarter results on Tuesday, July 21st."

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 $82.98 yesterday.

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