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VMW

VMware

$158.32

3.66 (2.37%)

10:44
12/19/18
12/19
10:44
12/19/18
10:44

Route1 files patent infringement complaint against VMware, AirWatch

Route1 announced that the company filed a complaint, Court File No. T-2149-18, against VMware and its wholly owned subsidiary AirWatch in the Federal Court of Canada for infringement of Route1's Canadian Patent No. 2,578,053, seeking financial compensation for infringement, legal fees, and an injunction. The compensation the Company will be seeking are material when compared to Route1's market capitalization. A patent lawsuit in Canada typically takes at least three years to resolve. Route1 anticipates that its current cash resources and future cash generated from operating performance will be sufficient to fund Route1's estimated cash costs of the litigation through trial. Compensation for infringing activity may be awarded from six years prior to the filing of the lawsuit, and may be calculated on the basis of a royalty on infringing revenues, or profits wrongfully gained from infringing revenues. Route1's Canadian Patent No. 2,578,053, "System And Method For Accessing Host Computer Via Remote Computer", was issued by the Canadian Intellectual Property Office on March 20, 2012, and will expire on September 6, 2025. Canadian Patent No. 2,578,053 is generally directed to using a controller to enable secure communication between a remote device, such as a smartphone or a portable computer, and a host computer. Route1 is the owner of the entire right, title and interest in the 053 Patent, including the sole and undivided right to sue for infringement. In the Company's Statement of Claim, Route1 contends that AirWatch, VMware, and its subsidiary VMware Canada Inc. infringe on Canadian Patent No. 2,578,053 through their sales and provision of services relating to the AirWatch EMM System, which is both offered individually and as a part of VMware's digital workspace platform, VMware Workspace ONE.

  • 10

    Jan

VMW VMware
$158.32

3.66 (2.37%)

12/03/18
OPCO
12/03/18
NO CHANGE
OPCO
New Relic, VMware best positioned to benefit from secular shifts, says Oppenheimer
Oppenheimer analyst Ittai Kidron notes that he attended AWS' (AMZN) re:Invent user conference in Las Vegas, where he conducted a user survey giving him insight into application development and migration trends, the pace of DevOps adoption, forward IT spending intentions, and vendor positioning. Citing the survey, the analyst points out that DevOps practices are rapidly being adopted, and developers' prominence in IT budget/architecture decisions is driving market participants to offer end-to-end toolchains; hybrid/multi-cloud architectures are increasing in popularity, benefiting a select few providers; and legacy application migration activity is in early stages but set to gain momentum encompassing a broad range of applications. Within his coverage, Kidron sees New Relic (NEWR), Atlassian (TEAM), VMware (VMW) and Twilio (TWLO) as best positioned to benefit from secular shifts emphasizing the DevOps culture and adoption of hybrid/multi-cloud architectures.
11/30/18
RBCM
11/30/18
NO CHANGE
Target $200
RBCM
Outperform
VMware price target raised to $200 from $180 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on VMWare (VMW) to $200 and kept his Outperform rating after its "strong" Q3 results and initial FY20 outlook that calls for revenue growth of 12% - better than the consensus of 8%. The analyst believes that the results highlight the "impressive acceleration at scale and increasing role in driving customers' hybrid cloud initiatives", also raising his FY19 EPS view by 6c to $6.20 and FY20 by 5c to $6.73. Hedberg is also positive on VMWare's growing relationship with Amazon's (AMZN) AWS and the "potential for additional capital allocation beyond the current buyback", along with its "attractive valuation" and "under-owned" market status.
11/30/18
WEDB
11/30/18
NO CHANGE
Target $200
WEDB
Outperform
VMware price target raised to $200 from $185 at Wedbush
Wedbush analyst Daniel Ives maintained an Outperform rating on VMware following the company's "solid" Q3 results, which beat the Street on the heels of solid license growth. The analyst, who raises his price target to $200, says that Q3 ultimately takes a back seat to the company's initial FY20 guidance which was handily above the Street, which he calls a "major step in the right direction." While now it's about execution as the Dell overhang is in the rear view mirror, Ives says VMware is heading into year-end and FY20 with major tailwinds on both its existing core platform as well as new cloud products, "a key 1-2 punch" that should move the stock markedly higher.
11/30/18
JPMS
11/30/18
NO CHANGE
Target $194
JPMS
Overweight
VMware price target raised to $194 from $165 at JPMorgan
JPMorgan analyst Mark Murphy raised his price target for VMware to $194 saying the company last night delivered a "strong" Q3 and provided preliminary fiscal 2020 revenue guidance calling for 12% growth, "far above" consensus calling for 8.3% growth. This likely provide a "wake-up call about the trajectory of the business," Murphy tells investors in a research note. The analyst keeps an Overweight rating on VMware.

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Aflac

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Ralph Lauren

$111.44

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RH

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-0.18 (-0.10%)

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PVH

PVH Corp.

$96.91

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Nordstrom

$36.90

-0.52 (-1.39%)

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NKE

Nike

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EYE

National Vision

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LB

L Brands

$17.53

0.02 (0.11%)

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Alibaba

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DDOG

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NKE

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IMAX

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SPX

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$0.00

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CHK

Chesapeake

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