Jefferies Maintains a 'Hold' on VMware (VMW); Mixed Channel Work
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies maintains a 'Hold' on VMware (NYSE: VMW) price target raised from $94 to $100.
Analyst, Ross MacMillan, said, "In our most recent channel survey, license expectations decelerated slightly for 1Q12 v 4Q11 (although guided license growth was conservative at 10-12%). More positively, the growth outlook for CY12 improved. Importantly, our survey work does not capture large direct business (incl. ELAs) which is why it has been understated vs. actual growth rates historically. That said, the tone of the survey suggested trends were in line."
"(For current qtr) We have left our estimates unchanged at revs/ NG EPS of $1.03B/ $0.60 vs. Street at $1.03B/ $0.59 (guidance: $1.015-1.040B). For CY12 we forecast rev/ NG EPS of $4.55B/ $2.61 vs. Street at $4.57B/$2.60 (guidance: $4.475-4.6B)."
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $110.37 yesterday.
Analyst, Ross MacMillan, said, "In our most recent channel survey, license expectations decelerated slightly for 1Q12 v 4Q11 (although guided license growth was conservative at 10-12%). More positively, the growth outlook for CY12 improved. Importantly, our survey work does not capture large direct business (incl. ELAs) which is why it has been understated vs. actual growth rates historically. That said, the tone of the survey suggested trends were in line."
"(For current qtr) We have left our estimates unchanged at revs/ NG EPS of $1.03B/ $0.60 vs. Street at $1.03B/ $0.59 (guidance: $1.015-1.040B). For CY12 we forecast rev/ NG EPS of $4.55B/ $2.61 vs. Street at $4.57B/$2.60 (guidance: $4.475-4.6B)."
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $110.37 yesterday.
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