VMware (VMW) Tops Q4 EPS by 1c
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January 27, 2016 6:34 AM EST
Summit Research downgraded VMware (NYSE: VMW) from Buy to Hold with a price target of $40.00 (from $80.00), saying business will get worse before it gets better.
Analyst Srini Nandury commented: "Following VMware's better-than-expected results with below-consensus guide, we downgrade the stock to HOLD and establish a new $40 PT (based on ~10x multiple on C2016 EPS of $4.10), down from our... More
January 27, 2016 6:27 AM EST
Baird downgraded VMware (NYSE: VMW) from Outperform to Neutral with a price target of $60.00 (from $80.00) following Q3 results.
Analyst Jayson Noland commented, "We continue to see VMware as a well-positioned infrastructure software leader but the core vSphere (server) business is facing incremental public... More
January 26, 2016 5:38 PM EST
VMware (NYSE: VMW) sees FY16 EPS of $4.07-$4.16 vs consensus of $4.20. Revenue is seen at $6.785-$6.945 billion vs consensus of $7.21 billion.
Q1 EPS is seen at $0.83-$0.85 vs consensus of $0.92.
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January 26, 2016 4:25 PM EST
EMC Corporation (NYSE: EMC) today announced that 28-year EMC financial executive Denis Cashman has been named EMC Chief Financial Officer, effective March 1. Cashman will be responsible for all internal and external financial responsibilities for EMC's consolidated business. Mr. Cashman will succeed Zane Rowe, who will become Chief Financial Officer of VMware, also effective March 1.
Joe Tucci, EMC Chairman and Chief... More
January 26, 2016 4:22 PM EST
EMC Corporation (NYSE: EMC) today announced that EMC CFO Zane Rowe will move to VMware, Inc. (NYSE: VMW) to become VMware's Chief Financial Officer effective March 1. The appointment is made as EMC prepares to complete its previously announced... More
January 26, 2016 9:02 AM EST
UBS maintained a Buy rating on VMware (NYSE: VMW), and cut the price target to $72.00 (from $78.00), as investor sentiment continues to sour. Shares have traded down >40% over the past year, and >30% since the Dell/EMC deal was announced. Investors have concerns... More
January 22, 2016 3:06 PM EST
VMware (NYSE: VMW) is planning to lay off up to 900 people next week, according to Fortune.
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