EMC Corporation (EMC) : 6 brokerage houses believe that EMC Corporation (EMC) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 15 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EMC Corporation (EMC). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 2.39.
EMC Corporation (EMC) : Currently there are 17 street experts covering EMC Corporation (EMC) stock. The most bullish and bearish price target for the stock is $32 and $26 respectively for the short term. The average price target of all the analysts comes to $29.18. The estimated standard deviation from the target is $1.58.
Company shares have received an average consensus rating of Hold for the current week EMC Corporation (NYSE:EMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.38 and $28.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.49, notching a gain of 0.46% for the day. The total traded volume was 9,568,067 . The stock had closed at $28.36 on the previous day.
In a related news, The officer (President, RSA), of Emc Corp, Amit Yoran had unloaded 21,487 shares at $27.17 per share in a transaction on August 7, 2015. The total value of transaction was $583,802. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.