OpCo Thinks That Everybody but Citrix Benefits from the Dell/EMC Deal

RBC Capital Remains Bullish on NetApp (NTAP) Following Annual Conference

RBC Capital reiterated an Outperform rating and $38.00 price target on NetApp (NASDAQ: NTAP) after attending the company's annual conference. The meetings largely focused on 1) emerging trends in the industry, and 2) the company's products and strategy addressing next generation technologies.

Analyst Amit Daryanani commented, "1)... More

Cowen Cuts Price Target on VMware (VMW) Following Dell's Announced Acquisition of EMC

Cowen reiterated an Outperform rating on VMware (NYSE: VMW), and cut the price target to $87.00 (from $90.00), following Dell's announced acquisition of EMC. As part of the deal, Dell will pay EMC shareholders with VMW "tracking stock", or stock that will follow the 19% of... More

Mizuho Securities Downgrades VMware (VMW) to Neutral Following Dell/EMC Deal

Mizuho Securities downgraded VMware (NYSE: VMW) from Outperform to Neutral with a price target of $75.00 (from $95.00) after Dell agreed to acquire EMC.

Analyst Abhey Lamba commented, "We are downgrading the stock to Neutral from Buy, and cutting our PT to $75 from $95. We think... More

Moody's Places Dell's Ratings Under Review Following Move to Acquire EMC (EMC)

Moody's Investors Service ("Moody's") has placed all ratings of Dell Inc. ("Dell") and Dell International (a debt issuing subsidiary of Dell Inc.), including the corporate family rating ("CFR") of Ba2, under review for upgrade following Dell's announcement that it signed a definitive agreement to acquire EMC Corporation for $24.05 per share in cash in addition to tracking stock linked to a portion of EMC's economic interest in the VMware, Inc. for a total transaction value of about $67 billion.

Dell plans to finance the cash portion of the transaction price through a combination of new common equity, new debt... More