EMC Reports Second-Quarter 2016 Financial Results
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MKM Partners Raises Price Target on VMware (VMW) Following Strong 2Q Results
July 19, 2016 11:09 AM EDTMKM Partners reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $80.00 (from $70.00), following the company's 2Q earnings report. License revenue of $644mn beat the consensus estimate of $638mn. Total revenue also came out ahead at $1,693mn vs. $1,680mn. With higher confidence, VMW raised its guidance for 2016 for total revs, license revs,... More
Drexel Hamilton Raises Price Target on VMware (VMW) to $85; Reiterates Buy
July 19, 2016 10:22 AM EDTDrexel Hamilton reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $85.00 (from $77.00), following the company's 2Q earnings report. VMware reported sales of $1.69 billion that beat the Street at $1.68 billion, while pro forma EPS of $0.97 was also higher than the Street's... More
Nomura Securities Remains Sidelined on VMware (VMW) Following 2Q Beat and Raise
July 19, 2016 9:51 AM EDTNomura Securities reiterated a Neutral rating and $60.00 price target on VMware (NYSE: VMW) following the company's 2Q earnings report. VMW reported revenue of $1.69bn, ahead of the Street's estimate at $1.68bn. Management provided a solid set of guidance for 3Q16 including license revenue of... More
BMO Capital Raises Price Target on VMware (VMW) to $70 Following 2Q Report
July 19, 2016 8:38 AM EDTBMO Capital reiterated a Market Perform rating on VMware (NYSE: VMW), and raised the price target to $70.00 (from $55.00), following the company's 2Q earnings report. BMO raised 2016 EPS estimates from $4.17 to $4.30, which includes about $0.04 of benefit from the accelerated stock buybacks in the... More
Mizuho Securities Raises Price Target on VMware (VMW) to $61 Following 2Q Results
July 19, 2016 7:44 AM EDTMizuho Securities reiterated a Neutral rating on VMware (NYSE: VMW), and raised the price target to $61.00 (from $52.00) following the company's 2Q earnings report. The company delivered total license revenues of $644mm, ahead of consensus of $639mm. Total revenues of $1.69bn came in ahead... More
Jefferies Raises price Target on VMware (VMW) to $84 Following Solid 2Q Results
July 19, 2016 7:15 AM EDTJefferies reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $84.00 (from $83.00), following the company's 2Q earnings report. VMW reported non-GAAP EPS of $0.97 on total revenues of $1.693B, ahead of the consensus estimates of $0.95 and $1.679B. Guidance was... More
