Skip to main content

VMware stock continues to rise

I told you, the stock is bound to reach $200. Take it or leave it!

“Given the recent run in the stock, we believe investrs are fully expecting a solid beat and would likely be disappointed with less than $345-$350 million revenue,” which would be up 82%-85%, versus the consensus of $331 million.

Renouard says that some resellers surveyed noted that “very recent discounting…was unusually aggressive,” with some deals at 50% off list price. “While we don’t think VMW will miss the quarter, we were surprised to hear of more aggressive tactics,” he writes. Renouard maintains a Neutral rating on the stock.

VMware, though, marches ever higher. The stock today is up $2.71, or more than 3%, at $87.71. The company’s previous high was $85.52. At the current price, the company has a market cap of $33.6 billion. Meanwhile, shares of EMC (EMC), which owns about 86% of VMware’s stock, are unchanged at $20.80.


Barrons Link

Comments

Popular posts from this blog

Security: VMware Workstation 6 vulnerability

vulnerable software: VMware Workstation 6.0 for Windows, possible some other VMware products as well type of vulnerability: DoS, potential privilege escalation I found a vulnerability in VMware Workstation 6.0 which allows an unprivileged user in the host OS to crash the system and potentially run arbitrary code with kernel privileges. The issue is in the vmstor-60 driver, which is supposed to mount VMware images within the host OS. When sending the IOCTL code FsSetVoleInformation with subcode FsSetFileInformation with a large buffer and underreporting its size to at max 1024 bytes, it will underrun and potentially execute arbitrary code. Security focus

Virtualization: GlassHouse hopes to cash in with its IPO!

GlassHouse Technologies Inc. on Tuesday registered to raise as much as $100 million in an initial public offering that, despite the company's financial losses, could prove a hit with investors drawn to its focus on "virtualization" technology. The Framingham, Mass., company offers consulting services for companies that use virtualization software to improve the performance of corporate servers and cut costs in their data centers. GlassHouse also provides Internet-based data storage. "Software-as-a-service," or SaaS, companies and vendors of virtualization products have proved popular among investors in recent years as corporate customers seek alternatives to conventional packaged software. GlassHouse, with roots in both sectors, will test the strength of that interest, said Peter Falvey, managing director with Boston investment bank Revolution Partners. "It will be a bit of a bell weather," he says. "It's not as though it's the 15th SaaS m...