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VMW

VMware

$148.15

0.11 (0.07%)

07:03
08/23/19
08/23
07:03
08/23/19
07:03

VMware price target lowered to $182 from $214 at KeyBanc

KeyBanc analyst Alex Kurtz lowered his price target on VMware (VMW) to $182, saying the company generated "solid" billings upside with its Q2 results, but its announced acquisitions of Pivotal Software (PVTL) and Carbon Black (CBLK) may lead to some investor concerns with execution and use of funds. The analyst is keeping his Overweight rating on the shares longer term and sees the deals reflecting VMware's intentions to "modernize and secure" the company's core compute franchise.

  • 10

    Sep

  • 10

    Oct

VMW VMware
$148.15

0.11 (0.07%)

08/21/19
JPMS
08/21/19
NO CHANGE
JPMS
Overweight
JPMorgan 'highly surprised' by incremental strength in VMware partner survey
JPMorgan analyst Mark Murphy said his quarterly survey of 28 VMware partners left him "highly surprised" by the incremental strength reported given the backdrop of clearly softening demand for infrastructure hardware and software companies. Partners finished the quarter 3.4% above plan, on average, which Murphy identifies as the highest level for a Q2. Additionally, all key metrics up ticked year-over-year and sequentially, leading him to view VMware as well positioned. Murphy did add, though, that 46% of VMware partners believe Enterprise data center spending is beginning to soften and that he suspects Q1 billings growth benefitted from delays in Q4 bookings, which could "create an adverse setup for Q2 billings growth optics." Murphy keeps an Overweight rating on VMware shares.
08/23/19
NEED
08/23/19
DOWNGRADE
NEED
Hold
Pivotal Software downgraded to Hold from Buy at Needham
Needham analyst Jack Andrews downgraded Pivotal Software (PVTL) after yesterday's announcement that it is being acquired by VMWare (VMW) at $2.7B. The analyst notes that the implied multiple of 3.6-times enterprise value to consensus FY20 revenue is too low, but he does not expect the deal to encounter any competing offers.
08/23/19
RAJA
08/23/19
NO CHANGE
Target $185
RAJA
Outperform
VMware price target lowered to $185 from $206 at Raymond James
Raymond James analyst Michael Turits lowered his price target on VMware (VMW) to $185 to reflect the lighter than expected Q3 guidance, with license revenue forecast coming in "light on a mix shift to ratable SaaS". The analyst is keeping his Outperform rating howerver, stating that VMware's growth remains otherwise "impressive" at 12% for revenue, 13% bookings, and 17% billings in spite of the weaker enterprise IT spending environment which has weighed on other on-premise server and networking companies. Turits further states that the acquisitions of Pivotal Software (PVTL) and Carbon Black (CBLK) may not be "transformative" but are "logically incremental" and made with "reasonable valuations".
08/23/19
JEFF
08/23/19
NO CHANGE
Target $198
JEFF
Buy
VMware price target lowered to $198 from $213 at Jefferies
Jefferies analyst John DiFucci lowered his price target on VMware (VMW) to $198, saying that while the company posted a "solid" Q2, its Q3 guidance was affected by the revenue mix shift to "more ratable business". The analyst is keeping his Buy rating on the stock and contends that investors may be over-estimating the decline of its core compute business which has been "more resilient" lately. DiFucci further contends that VMware's deals with public cloud providers "extend the relevance" of its core business. The analyst adds that the company's Pivotal Software (PVTL) acquisition "makes sense" and comes at an "attractive" value, while the deal for Carbon Black (CBLK) comes with some "execution risk" because of the high level of competition in the corporate endpoint security sector.

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TELL

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NEXT

NextDecade

$6.30

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LINX

Linx S.A.

$7.74

0.22 (2.93%)

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ROAD

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NVST

Envista

$0.00

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INVH

Invitation Homes

$28.49

0.31 (1.10%)

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  • 18

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

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$8.35

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  • 09

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BA

Boeing

$384.61

5.74 (1.52%)

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  • 02

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O

Realty Income

$75.76

1.81 (2.45%)

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

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CHWY

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IOTS

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TBIO

Translate Bio

$11.01

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YUMA

Yuma Energy

$5.08

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ADBE

Adobe

$284.59

1.54 (0.54%)

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ARAY

Accuray

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FBK

FB Financial

$38.33

-0.36 (-0.93%)

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  • 23

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GM

General Motors

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TOT

Total

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  • 24

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SMMF

Summit Financial Group

$25.96

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STLD

Steel Dynamics

$30.93

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FDX

FedEx

$173.53

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