All Posts Tagged With: "stock market"
Wachovia Analyst Downgrades Ratings for VMware (VMW)
Wachovia’s Philip Rueppel this morning downgraded his ratings on VMware (VMW) to Market Perform from Outperform.
6Oct2008 | Robin Wauters | 0 comments | ContinuedTrading Activity In NetApp, VMware Spikes
According to a report from the Wall Street Journal, stocks of both NetApp and VMware have been trading at unusual volumes yesterday.
28Aug2008 | Robin Wauters | 0 comments | ContinuedVMware (VMW): Second-Quarter 2008 Results (Updated)
VMware reported its second-quarter 2008 results today, in a call followed closely after the abrupt removal of Diane Greene two weeks ago (see our ‘the week after’ post too for reference).
22Jul2008 | Robin Wauters | 2 comments | ContinuedEMC Shares Up On VMware Spin-out Rumors
Financial analyst Thomas Curlin of RBC Capital Markets upped his rating on the EMC stock to “Outperform” from “Sector Perform”, even as it trimmed the stock’s price target from $21 to a more modest $19. The focus of his call: the prospects for a spin-out of the company’s stake in VMware.
8Jul2008 | Robin Wauters | 0 comments | ContinuedVMware Stock Drops As Employee Grants Expire
On a generally down day for tech stocks, VMware slipped on news that a large number of employee share grants may begin trading this week. The stock was down $4.19, or 6.2 %, to $63.70 in recent trading, or 61 times 2008 earnings and 43 times 2009 earnings.
10Jun2008 | Robin Wauters | 0 comments | ContinuedA Closer Look At VMware Financials
Zachary Scheidt over at Seeking Alpha penned an excellent analysis of the current financial situation VMware is in. Scheidt correctly notes the corrent virtual monopoly the virtualization industry’s poster child holds, and dissects the company’s latest earnings releases.
29May2008 | Robin Wauters | 1 comment | ContinuedVMWare Misses Analysts’ Estimates: While Revenues Go Up, Stock Goes Down
Yesterday, VMware reported quarterly revenue that fell short of Wall Street expectations and forecast a slowdown in sales growth, sending its shares down more than 26 %.
The highlights from the official announcement :
Total revenues for the fourth quarter were $412 million, an increase of 80% compared to the year-ago quarter.
GAAP operating income for the fourth [...]
