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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 08:20 EDT
Wedbush analyst Daniel Ives lowered the firm's price target on VMware to $160 from $210 and keeps an Outperform rating on the shares following the company's "mixed" quarterly results, with healthy bookings overshadowed by a top-line miss. The company is going through a major growth transition with execution challenges and worries about taking its eye off the ball over the coming quarters a real worry, Ives tells investors in a research note, adding that while he believes firmly in the strategic vision, margin pressures and slowing growth on its core business will be a headwind for the coming quarters.
News For VMW From the Last 2 Days
Jun 4, 2020 | 16:41 EDT
In a blog posting Lastline's John Dilullo said:"Today I am thrilled to announce that Lastline has entered into a definitive agreement to be acquired by VMware. The transaction has received the approval of both companies' Boards, but is potentially subject to certain regulatory approvals. The transaction is expected to close in VMware's Q2 FY21 ending July 31. The protection of our customers is at the center of what we do at Lastline. By joining forces with VMware, we will be able to offer additional capabilities to our customers and bring to market comprehensive security solutions for the data center, branch office and remote and mobile users. In recent years, Lastline has enjoyed tremendous growth, acclaim for its AI-based threat detection capabilities, and most recently, recognition for pioneering successes with our Network Detection and Response, NDR, and Public Cloud security solutions." Reference Link