UBS said VMware Q3 checks are positive
October 16, 2012
08:31 EDT VMW VMware Q3 checks positive, says UBS
UBS said VMware Q3 checks are positive with a pickup in vSphere demand and increased confidence in VARs following the licensing change. The firm said checks indicate the quarter started off weak but ended strong and should be ahead of Q3 Street estimates. Shares are Buy rated with a $125 price target.