VMware (VMW) Guides FY16 Below Consensus
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January 27, 2016 7:03 AM EST
EMC Corp. (NYSE: EMC) reported Q4 EPS of $0.65, in-line with the analyst estimate of $0.65. Revenue for the quarter came in at $7 billion versus the consensus estimate of $7.13 billion.
Joe Tucci, EMC Chairman and CEO, said, The fourth quarter of 2015 follows 24 consecutive quarters of reported year-over-year top-line growth; an accomplishment very few of our peers have... More
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 4:15 PM EST
VMware (NYSE: VMW) reported Q4 EPS of $1.26, $0.01 better than the analyst estimate of $1.25. Revenues were $1.87 billion, versus $1.85 billion expected.
For earnings history and earnings-related data on VMware (VMW) click here.
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