Mizuho Securities Raises Price Target on VMware (VMW) to $61 Following 2Q Results

MKM Partners Raises Price Target on VMware (VMW) Following Strong 2Q Results

MKM 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

Drexel 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

Nomura 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

BMO 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

VMware (VMW) PT Raised to $77 at UBS Amid Strong Bookings, Solid Pipeline

UBS analyst Brent Thill reiterated a Buy rating and lifted his price target on VMware (NYSE: VMW) to $77.00 (from $72.00) following strong bookings and solid pipleine.

Thill commented, "At the start of the year, we labelled VMW as the turnaround value story of 2016 in our software playbook. We believe this thesis is playing... More

Jefferies Raises price Target on VMware (VMW) to $84 Following Solid 2Q Results

Jefferies 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

After-Hours Stock Movers 07/18: (HDSN) (VMW) (EMC) Higher; (SMCI) (NFLX) (SAVE) Lower (more...)

Today's After-Hours Movers

Hudson Technologies, Inc. (NASDAQ: HDSN) 36.9% HIGHER; announced that it has been awarded, as prime contractor, a five-year contract including a five-year renewal option, by the United States Defense Logistics Agency (DLA) with an estimated maximum value over the term of the agreement of $400 million in sales to the Department of Defense. The fixed price contract is for the management and supply of refrigerants, compressed gases, cylinders... More

VMware (VMW) Tops Q2 EPS by 2c

VMware (NYSE: VMW) reported Q2 EPS of $0.97, $0.02 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.68 billion.

For earnings history and earnings-related data on VMware (VMW) click here.

VMware (VMW) calls more active than puts into Q2 and outlook

VMware (NYSE: VMW) July weekly call option implied volatility is at 78, August is at 49; compared to its 52-week range of 23 to 54 into the expected release of Q2 on July 18

Trading Radar for 7/18: BofA (BAC), Netflix (NFLX), Rambus (RMBS), EMC Corp. (EMC), Hasbro (HAS) Report

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

Before Markets Open:
Earnings:

Art's Way Manufacturing (Nasdaq: ARTW) - no Street consensus
Bank of America (NYSE: BAC) - consensus EPS... More