VMW develops top notch virtual technology, good enough to be the best in their space right now. That said, their management team has really done them a huge disservice in consistently missing their earnings numbers and giving poor guidance. The recent firing of their CEO bodes poorly for the company over the next year, but it is minimal compared to the prospect of Microsoft becoming increasingly competitive (at least on a cost basis) with VMware technology. Further, It wouldn't be surprising to see EMC shareholders (who own 86% of the stock) look to sell their shares and at least make a ...
Business software maker VMware Inc warned on Tuesday that 2008 revenue growth will fall short of expectations and said it has replaced its chief executive, sending its shares tumbling 30 percent. VMware said it expects revenue for 2008 to be "modestly below" its previous forecast for 50 percent growth over 2007. It did not elaborate.
VMware, 86 percent-owned by storage equipment maker EMC Corp , is scheduled to report second-quarter results on July 22.
Its shares fell to an all-time low of $36.55 earlier in the session before recovering a little to $38.77, stil
Microsoft (NASDAQ: MSFT), Gap (NYSE: GPS) and Healthcare Services (HCSG) were today's noteworthy upgrades:
Oppenheimer upgraded shares of Microsoft (NASDAQ: MSFT) to Outperform from Perform on valuation as they see a trading opportunity following the recent sell-off. The firm established a $22 target on shares.
Citigroup upgraded Gap (NYSE: GPS) to Buy from Hold on its "solid" Q3 results and greater visibility. The firm lowered their target to $12 from $14.
StreetInsider.com Notable Analyst Rating Changes:UPGRADES:Oppenheimer upgrades Microsoft (Nasdaq: MSFT) from Perform to Outperform with a $22 price target.Robert W. Baird upgrades Salesforce.com (NYSE: CRM) from Neutral to Outperform but lowers their price target from $45 to $34.Citi and Cowen upgrade Gap (NYSE: GPS) to Buy and Outperform, respectively. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Oppenheimer downgrades Oracle (Nasdaq: ORCL) from Outperform to Perform.UBS downgrades VMware (NYSE: VMW) from Neutral to Sell.UBS downgrades Campbell Soup (...
VMware(VMW) shares are trading lower this morning after UBS software analyst Heather Bellini dropped her rating on the stock to Sell from Neutral. She cut her rating on the stock to $15 from $21.
She says that consensus license growth expectations for both Q4 and for 2009 for the virtualization software company are “too aggressive” based on her checks on end-market demand. She cut her estimates for both periods. For Q4, she now sees EPS of 15 cents, down from 16 cents, and below the Street at 26 cents. For 2009, she sees 57 cents, down from 62 cents, and below the Street at $1.13.
It has worked so well in the auto industry that Microsoft (NASDAQ: MSFT) is introducing zero percent financing for some of its business customers. According toThe Wall Street Journal, "Microsoft's promotion, aimed at small and medium-size businesses, is being offered to new customers who spend $20,000 to $1 million on Microsoft's customer-management and accounting software."
Like the car companies, Microsoft risks offering credit to companies with financial troubles, and Redmond may end up writing off some of its loans. But M
Shares of VMware Inc. (NYSE: VMW) are headed lower today following a downgrade from Merrill Lynch. The brokerage firm cut its rating on the equity from Buy to Neutral due to valuation concerns; VMW has added more than 60% since its October 21 earnings report. Merrill maintains a $31 price target on VMware, which represents a premium of just 1.4% to the stock's closing price on Tuesday.
It's shaping up to be a rough week for VMW. Yesterday, the tech stock
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