In this article, we will discuss the 10 stocks recently downgraded by analysts. If you want to see more such stocks on the list, you can directly visit Analysts on Wall Street Lower Ratings for These 5 Stocks. Stock markets displayed volatility as traders prepared for the possibility of a hawkish message from major central banks […]
William Blair & Company analysts Jason Ader and Dmitry Netis reiterated their Outperform rating for shares of NetApp Inc (Nasdaq: NTAP).
The analysts said that they are convinced that the NetApp Inc business model should support an operating margin better than the 16% target set by management.. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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VMware is spinning out of Dell and the split will have both benefits and challenges, analysts say.
It could allow VMware to have more flexibility in partnering with Dell rivals.
However, it could also exacerbate existing uncertainty for the firm.
Dell s long-awaited announcement that it plans to spin off its 81% stake in VMware has analysts feeling cautiously optimistic: The move could be a win for both companies, they say, though the road to success won t be easy.
The separation expected to complete in the fourth quarter will create two standalone companies while preserving the VMware-Dell experience through a five-year agreement to collaborate on products and sales, VMware interim CEO Zane Rowe explained on an investor call.
In return to Intel, VMware chief Pat Gelsinger to take over as CEO
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Facing rising investor pressure to speed up its lagging chipmaking prowess, Intel Corp. today parted ways with Chief Executive Robert Swan and appointed VMware CEO Pat Gelsinger to the top spot.
The appointment is surprising mainly in the fact that it took this long for Intel to appoint its former chief technology officer to the helm. It follows years of speculation that Gelsinger (pictured), who has led VMware since 2012, would be an ideal candidate to lead Intel in a new era given his onetime 30-year tenure at the chipmaking giant. Swan was Intel’s chief financial officer since 2016, a nontechnical role that made his appointment as CEO just two years ago a surprise and a disappointment to some.