VMware (VMW) Reports 3Q EPS of $1.02; Drexel Hamilton Reiterates Hold Rating

Mizuho Securities Cuts Price Target on VMware (VMW) Following 3Q15 Results

October 21, 2015 10:42 AM EDT

Mizuho Securities maintained a Neutral rating on VMware (NYSE: VMW), and cut the price target to $60.00 (from $75.00), following the company's 3Q15 earnings results.

Analyst Abhey Lamba commented, "We are reiterating our Neutral rating while lowering our PT to $60 from $75 as we think VMW's... More

BMO Capital Cuts Price Target as VMware (VMW) Tries to Sell Virtustream Assets

October 21, 2015 10:31 AM EDT

BMO Capital maintained a Market Perform rating on VMware (NYSE: VMW), and cut the price target to $76.00 (from $88.00), as the company forms a JV with EMC to sell Virtustream assets.

Analyst Keith Bachman commented, "EMC and VMW are forming a JV to sell the... More

VMware's (VMW) Price Target Reduced to $70 at Deutsche Bank

October 21, 2015 9:29 AM EDT

Deutsche Bank maintained a Hold rating on VMware (NYSE: VMW) and reduced its price target to $70.00 (from $80.00). Comments follow disappointing Q3 results and guidance.

Commenting on developments and headwinds facing the company, analyst Karl Keirstead said, "The list of pressures is long: 1. customers are pausing while they assess if/how they will transition to cloud IT infrastructures, 2. deal delays given uncertainty about VMWs ownership changes,... More

Pre-Open Stock Movers 10/21: (KLAC) (ISRG) (SNDK) Higher; (SNTA) (VMW) (TWTR) Lower (more...)

October 21, 2015 9:27 AM EDT

Synta Pharmaceuticals Corp. (NASDAQ: SNTA) 66.7% LOWER; announced that the Company has decided to terminate the Phase 3 GALAXY-2 trial of ganetespib and docetaxel in the second-line treatment of patients with advanced non-small cell lung adenocarcinoma. Based on the review of a pre-planned interim analysis, the studys Independent Data Monitoring Committee (IDMC) concluded that the addition of ganetespib to docetaxel is unlikely to demonstrate a statistically significant improvement in the primary endpoint... More

Monness, Crespi, Hardt Downgrades VMware (VMW) to Neutral

October 21, 2015 8:12 AM EDT

Monness, Crespi, Hardt downgraded VMware (NYSE: VMW) from Buy to Neutral.

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 $68.76 yesterday.

... More

Atlantic Equities Downgrades VMware (VMW) to Neutral

October 21, 2015 7:57 AM EDT

Atlantic Equities downgraded VMware (NYSE: VMW) from Overweight to Neutral.

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 $68.76 yesterday.

... More

Sterne Agee CRT Downgrades VMware (VMW) to Neutral

October 21, 2015 7:56 AM EDT

Sterne Agee CRT downgraded VMware (NYSE: VMW) from Buy to Neutral with a price target of $75.00.

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 $68.76 yesterday.

... More

Maxim Group Downgrades VMware (VMW) to Hold

October 21, 2015 7:56 AM EDT

Maxim Group downgraded VMware (NYSE: VMW) from Buy to Hold.

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 $68.76 yesterday.

... More

Baird Cuts Price Target as VMware's (VMW) 3Q Results Fall In-Line with Preliminary Results

October 21, 2015 7:43 AM EDT

Baird maintained an Outperform rating on VMware (NYSE: VMW), and cut the price target to $80.00 (from $95.00), following the company's 3Q15 earnings results. Revenue/non-GAAP EPS of $1.67 billion/$1.02 was in line with the preliminary results released in connection with the Dell-EMC merger announcement.

Analyst... More

Raymond James Downgrades VMware (VMW) to Market Perform

October 21, 2015 7:23 AM EDT

Raymond James downgraded VMware (NYSE: VMW) from Outperform to Market Perform.

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 $68.76 yesterday.

... More

Pacific Crest Downgrades VMware (VMW) to Sector Weight

October 21, 2015 7:22 AM EDT

Pacific Crest downgraded VMware (NYSE: VMW) from Overweight to Sector Weight.

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 $68.76 yesterday.

... More

Susquehanna Downgrades VMware (VMW) to Neutral

October 21, 2015 7:21 AM EDT

Susquehanna downgraded VMware (NYSE: VMW) from Positive to Neutral.

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 $68.76 yesterday.

... More

Wall St. declines; Valeant, healthcare weigh

October 21, 2015 7:08 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks fell on Wednesday as a sharp drop in Valeant Pharmaceuticals hit the healthcare space, while the energy sector dropped along with oil prices.

Valeant Pharmaceuticals' (NYSE: VRX) U.S.-listed shares plunged to an intraday low of $88.50 on record volume after a short-seller accused the company of using specialty pharmacies to inflate its revenue.

The company denied the allegation, and later investor Bill Ackman said he increased his Valeant stake by about 2 million shares. The stock pared losses to end down 19.2 percent at $118.61,... More

BofA/Merrill Lynch Downgrades VMware (VMW) to Neutral

October 21, 2015 7:02 AM EDT

BofA/Merrill Lynch downgraded VMware (NYSE: VMW) from Buy to Neutral with a price target of $69.00 (from $106.00).

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 $68.76 yesterday.

... More

After-Hours Movers 10/20: (ISRG) (MANH) (CREE) Higher; (CMG) (IRBT) (VMW) (YHOO) Lower (more...)

October 20, 2015 5:59 PM EDT

Intuitive Surgical (NASDAQ: ISRG) 7.6% HIGHER; reported Q3 EPS of $5.24, $1.01 better than the analyst estimate of $4.23. Revenue for the quarter came in at $590 million versus the consensus estimate of $580.37 million.

Chipotle Mexican Grill (NYSE: CMG) 7.2% LOWER; reported Q3 EPS of $4.59, $0.04 worse than the analyst estimate of $4.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.

iRobot Corporation (NASDAQ: IRBT) 5.5% LOWER; reported... More

VMware's (VMW) Offers Mixed Q4 Guidance

October 20, 2015 5:45 PM EDT

VMware (NYSE: VMW) sees Q4 EPS of $1.23-$1.27 vs the consensus of $1.23. Revenue is seen at $1.83 billion to $1.88 billion vs the consensus of $1.88 billion.

... More

Market Wrap: Splitsville for Yum! Brands; Tesla's 'Recommended' Rating Revoked; AmSurg Moves on Big Acquisition

October 20, 2015 5:31 PM EDT

Market wrap for October 20th

End of the Day: S&P 500 down 2.9 to 2,030.77; Dow Jones down 13.4 to 17,217.11; Nasdaq down 24.5 to 4,880.97

Market Brief: Yum! Brands is planning to split into two, separately-traded companies.

AmSurg made a robust proposal to acquire peer TeamHealth.

The Fresh Market affirmed speculation that it was evaluating strategic options.

Tesla shares were slammed as Consumer Reports pulled its recommendation to buy the Model S.

Crude prices rose 0.2 percent to $48.71 per barrel, while crude slipped 0.7 percent to $45.55 per... More

VMware (VMW) Tops Q3 EPS by 2c

October 20, 2015 4:06 PM EDT

VMware (NYSE: VMW) reported Q3 EPS of $1.02, $0.02 better than the analyst estimate of $1.00. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.66 billion.

"Our solid third-quarter financial results reflect VMware's strength in delivering extraordinary value to our customers," said Pat... More

Trading Radar for 10/20:Verizon (VZ), BNY (BK), Travelers (TRV), Chipotle (CMG), Yahoo! (YHOO), VMware (VMW) Report

October 19, 2015 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Housing Starts - Street sees 1.150MBuilding Permits - Street sees 1.170M

Earnings:

Allegheny Technologies (NYSE: ATI) - consensus loss $0.39
Astec Industries (Nasdaq: ASTE) - consensus EPS $0.27
Badger Meter (NYSE: BMI) - consensus EPS $0.63
Bank of New York (NYSE: BK) - consensus EPS $0.71
Brinker International (NYSE:... More