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VMW

VMware

$142.86

1.7 (1.20%)

05:39
11/06/18
11/06
05:39
11/06/18
05:39

VMware to acquire Heptio, terms not disclosed

VMware announced that it has signed a definitive agreement to acquire Heptio. Heptio's products and expertise help organizations deploy and operationalize Kubernetes. Terms were not disclosed. The transaction is expected to close in VMware's fiscal Q4 2019, subject to customary closing conditions, including regulatory approvals. This acquisition is not expected to have a material impact on fiscal 2019 operating results.

  • 06

    Dec

VMW VMware
$142.86

1.7 (1.20%)

09/24/18
09/24/18
DOWNGRADE

Negative
Nutanix downgraded to Negative from Neutral at Susquehanna
As previously reported, Susquehanna analyst Mehdi Hosseini downgraded Nutanix to Negative from Neutral and reduced his price target on shares to $33 from $55. The analyst believes Nutanix's OEM relationships are likely to become "less impactful over time," and also cited increasing competition as a headwind. Hosseini specifically said not to count out Microsoft (MSFT), noted that VMware (VMW) continues to add new features for vSAN while tightening integration with AWS, and expects an IPO from Dell in the coming months.
10/18/18
WEDB
10/18/18
INITIATION
WEDB
Outperform
VMware initiated with an Outperform at Wedbush
10/19/18
WEDB
10/19/18
INITIATION
Target $185
WEDB
Outperform
VMware initiated with an Outperform at Wedbush, added to Best Ideas List
Wedbush analyst Daniel Ives initiated VMware (VMW) with an Outperform rating and $185 price target and added the stock to the Best Ideas List. In a research note to investors, Ives says he believes VMware has a number of tailwinds heading into FY19 including a healthy ELA renewal cycle, strong customer interest around its vSphere solution as more enterprises aggressively embrace the cloud, and incremental growth from its NSX segment that we believe in particular could be a major growth driver for the coming years. With the current bid for Dell Technologies tracking stock (DVMT) undervaluing the inherent value of this stock, Ives believes an investor showdown is on the horizon as the Street joins forces in its battle vs. Michael Dell/Silver Lake in this path to take Dell public again and thus represents a potential wild card for VMware and its investors looking ahead.
10/29/18
MSCO
10/29/18
NO CHANGE
MSCO
IBM deal reinforces Morgan Stanley confidence in Hybrid Cloud emergence
After IBM (IBM) announced its intention to acquire Red Hat (RHT) for about $34B in a deal with an over 60% premium to Red Hat's Friday closing price, Morgan Stanley analyst Keith Weiss said the announcement reinforced both his confidence in the emergence of Hybrid Cloud architectures and the strength of IT spending into 2019. Red Hat has been Microsoft's (MSFT) primary competitor within server operating systems, and has generally been taking share, said Weiss, who thinks the longer-term opportunity or threat for Microsoft hinges on the ability of IBM to execute well and maintain the open source enthusiasm around the Red Hat distributions. For VMware (VMW) and Pivotal Software (PVTL), while Weiss sees little near-term impact, he adds that the proposed combination would likely result in a fiercer competitive environment going forward. For New Relic (NEWR), he sees little direct competitive impacts from the proposed merger. Given HortonWorks' (HDP) strong existing ties to IBM, Cloudera (CLDR) could benefit by becoming a preferred data management vendor within the OpenShift ecosystem, Weiss added.

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