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Smart Move: VMware Now Looking To Partner, Rather Than Compete, With The Public Cloud
Wednesday, May 31, 2017 - 1:45pm | 372Read More...Thanks to a shift in strategy, VMware, Inc. (NYSE: VMW) has been upgraded by Baird analyst Jayson Noland to Outperform, with a price target raised from $90 to $115. “We aren't making a call on the quarter, but we believe VMware is better strategically positioned now than in years,”...
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VMware Looks Strong In Q4 Print; Investors Look For Next Catalyst
Friday, January 27, 2017 - 3:29pm | 376Read More...Shares of VMware, Inc. (NYSE: VMW) hit a new 52-week high of $89.50 on Friday after the company reported its fourth-quarter results, which one analyst described as being one of its best quarters in years. Very Healthy Quarter According to Ben McFadden of Pacific Crest, VMWare's quarter was "very...
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VMware Just Delivered One Of Its Best Quarters In Years
Friday, January 27, 2017 - 10:50am | 273Read More...VMware, Inc. (NYSE: VMW) reported after Thursday's market close one of its best prints in years, at least according to RBC Capital Markets' Matthew Hedberg. VMware reported that it earned $1.43 per share in the fourth quarter on revenue of $2.03 billion while Wall Street analysts were expecting the...
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Trip Chowdhry: VMWare Is A $45 Stock
Monday, July 18, 2016 - 11:20am | 351Read More...According to Trip Chowdhry of Global Equities Research, shares of VMware, Inc. (NYSE: VMW) are overvalued and should decline to the $45 level. Chowdhry explained in his research note that VMware's business is being "squeezed" on two different fronts. The first, from SuperClouds, like Amazon.com,...
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For Apple, It's 'Macro Macro Macro!'
Wednesday, January 27, 2016 - 2:58pm | 360Read More...Apple Inc. (NASDAQ: AAPL) is being reviewed by every Wall Street analyst imaginable on Wednesday. From Piper Jaffray to Macquarie, the company's revenue and product shipment misses were the catalyst behind shares' downward move under $100. Nomura's Jeffrey Kvaal got into the action...
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Trip Chowdhry: VMware Recovery 'Impossible'
Wednesday, January 27, 2016 - 1:02pm | 217Read More...In a new email to clients, Global Equities Research analyst Trip Chowdhry discusses how traders should handle VMWare, Inc. (NYSE: VMW)’s disappointing Q4 earnings report. According to Chowdhry, VMWare’s below-consensus guidance for Q1 2016 and fiscal 2016 is further indication that...
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Report: VMware To Oversee A 'Big' Headcount Reduction
Friday, January 22, 2016 - 4:44pm | 224Read More...According to Fortune, VMware, Inc. (NYSE: VMW) is expected to announce a large headcount reduction plan next week. Fortune, citing "sources close to the server virtualization giant," reported that VMware could lay off up to 900 people, representing approximately 5 percent of its total workforce....
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VMware: Collaboration With Intel Security Will Deliver A 'Complete Mobile Security Solution'
Tuesday, January 5, 2016 - 1:06pm | 331Read More...Shares of VMware, Inc. (NYSE: VMW) were trading higher by more than 1.5 percent late Tuesday morning after the company announced an expansion of its collaboration with Intel Corporation (NASDAQ: INTC) to develop mobile security solutions. VMware is now a member of the Intel Security Innovation...
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Rod Hall: VMWare, EMC Deal Was 'Never' Likely
Tuesday, September 1, 2015 - 11:36am | 336Read More...VMware, Inc. (NASDAQ: VMW) CEO Pat Gelsinger said during the company's VMWorld event that it was not interested in acquiring EMC Corporation (NYSE: EMC). JP Morgan's Rod Hall said that he was not surprised as the firm was "never particularly convinced" that a deal "was...
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Summit Research Expects VMware To Report 'Inline 4Q But With Less Visibility'
Monday, January 26, 2015 - 9:21am | 137Read More...Richard Williams of Summit Research commented in a note over the weekend that VMware, Inc. (NYSE: VMW) will report an inline fourth quarter with an earnings per share of $1.07 (against $1.06 for consensus) on revenue of $1.6941 billion. “We saw mixed signals from our channel checks this quarter,...
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Rackspace Joins Microsoft Cloud OS Network To Expand Managed Private Cloud Portfolio
Monday, November 10, 2014 - 5:25pm | 535Read More...Rackspace Hosting, Inc. (NYSE: RAX) announced Monday that the company has joined the Microsoft Corporation (NASDAQ: MSFT) Cloud OS Network. The deal means that Fanatical Support will now be available for the Microsoft Cloud Platform, including Windows Server with Hyper-V, System Center and Azure...
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Markets Reverse Early Morning Gains Following Canadian Shooting
Wednesday, October 22, 2014 - 4:43pm | 1767Read More...U.S. stocks reversed early morning gains following a fatal shooting of a Canadian soldier in the nation's capital and a subsequent gunfight inside Canada's Parliament. Declining oil prices was also cited as a factor for the poor performance in equities on Wednesday following the release...
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Elliott Management Further Details Its Position On EMC Corporation, VMware, Inc. In New Letter
Wednesday, October 8, 2014 - 9:47am | 459Read More...On Wednesday, Elliott Management wrote a letter to EMC Corporation's (NYSE: EMC) board of directors and company CEO Joe Tucci. Elliot Management owns 2.2 percent of the common stock of EMC, making the activist firm one of the largest shareholders. In the letter, Elliott Management states...
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Markets Lower As Geopolitical Uncertainty Continues
Monday, July 21, 2014 - 4:46pm | 2931Read More...U.S. stocks were lower as leaders from Britain, France, Germany and Canada have all made their respective countries position clear that Russia will face further sanctions if air investigators are not given full access to the crash site in Ukraine. Israel continued its ground offensive in the...
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Earnings Continue Driving Markets Higher
Wednesday, July 16, 2014 - 5:23pm | 3415Read More...U.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it's still very early in to earning season, Intel Corp. (NASDAQ: INTC) reported better-than-expected results and stronger-than-expected PC sales,...
