Shares of VMware, Inc.(NYSE:VMW), are among today’s losers despite the company having reported results that beat the consensus forecast. Several analysts contended that the company reaffirming its full-year outlook and reporting lower than expected enterprise license agreements as a percentage of bookings may have disappointed investors.
This morning, research firms Oppenheimer, Pacific Crest, and Raymond James all recommended buying VMware on any weakness. Pacific Crest said lower than expected enterprise license agreements as a percentage of bookings and weaker overall bookings growth disappointed the Street. Another firm, Janney Capital, said it believes investors may be slightly disappointed that VMware reiterated its prior guidance after its Q1 EPS slightly beat expectations.
Analysts have a consensus price target of $108 on VMware, Inc.(NYSE:VMW) which indicates a 3.32% upside. There are 2 sell ratings, 8 hold ratings, 18 buy ratings and 2 strong buy ratings currently on the stock.
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