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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 09:35 EDT
RBC Capital analyst Matthew Hedberg lowered the firm's price target on VMware to $183 from $200 but keeps an Outperform rating on the shares. The analyst says the company's Q4 results were "mixed" with greater than expected subscription mix in larger deals pitted against "subpar execution" in its sales pipeline at quarter end. Hedberg remains positive on VMWare's prospects however given the contributions from Carbon Black and Pivotal integrations.
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