More software virtualization growth looks like a reality for VMware (VMW), says Srini Nandury, an analyst for Summit Research. In a research report Thursday, Nandury, who took over coverage of VMware from colleague Richard Williams, upgraded his rating on VMware stock to buy from hold, citing the opportunity for continued growth in the server virtualization market. VMware is the No. 1 provider of virtualization software, which lets a single server
Citrix Systems’ (CTXS) negative Q1 earnings preannouncement late Thursday could signal more adverse implications for the technology company. Citrix, which makes desktop virtualization software in competition with VMware (VMW) and others, could be in for tougher times as it works through internal restructuring and foreign currency issues, Michael Turits, an analyst for Raymond James & Associates, said in a research report Friday. He maintained a
EMC (EMC) expects to return to double-digit EPS growth by 2018 and will not spin off all of VMware, but it could unlock value through an IPO of subsidiary Pivotal. So say analysts in the wake of the data storage system maker’s investor day on Tuesday. EMC stock was down 2.5% in early trading in the stock market today, near 26, after falling more than 3% Tuesday after executives put the kibosh on any VMware (VMW) spinoff. Brent Bracelin, an analyst