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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
Apr 14, 2021 | 18:38 EDT
Elliott Investment Management released the following statement on behalf of Managing Partner Jesse Cohn following Dell Technologies' (DELL) announcement that it plans to spin-off its 81% equity ownership of VMware (VMW), forming a standalone company: "As one of Dell's largest shareholders, Elliott strongly supports the announced spin-off of VMware. The separation will create two market-leading companies, Dell Technologies and VMware, each guided by distinct strategies while retaining their strong commercial relationship. We see significant opportunity for long term value-creation at both companies. We commend Michael Dell, Silver Lake and the Board of VMware on this win for public shareholders."
Apr 14, 2021 | 18:15 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSAmerican... To see the rest of the story go to See Story Here