I did some research on this Analyst:
- January 2012, initiated Vmware at Overweight with a PT of $105 when the stock was trading at $85
- April 2012, downgraded the stock to Equal Weight when the stock was trading at $112
Perhaps VMW could be looking to garner a piece of the ITES Services contract due to expire in 2015. The Army is estimating that ITES-3 Services will be worth between $11 billion and $15 billion over five years. If cloub and VM servers are part of the deal (see Booze Allan deal), we could be sitting pretty?