Information Provided By:
Fly News Breaks for August 23, 2019
CBLK, PVTL, VMW
Aug 23, 2019 | 07:14 EDT
Oppenheimer analyst Ittai Kidron lowered his price target for VMware (VMW) to $200 from $220 and maintained an Outperform rating after the company delivered a "solid" quarter with "strong" billings metrics, adjusted guidance for Q3 and FY20 and announced plans to acquire Pivotal Software (PVTL) and Carbon Black (CBLK). In a research note to investors, Kidron says he has "mixed feelings" and is "less constructive" on Pivotal's deal merits, but understands VMware's efforts to complement its infrastructure-oriented portfolio with modern application development and endpoint security assets. He believes the shares will likely remain range-bound until VMware proves it can execute and drive top-line growth synergies.
News For VMW;PVTL;CBLK From the Last 2 Days
There are no results for your query VMW;PVTL;CBLK