EMC Corporation (EMC) is Reiterated by Maxim Group to Hold, Raises Price Target to $ 31.50

EMC Corporation (EMC) was Reiterated by Maxim Group to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 31.50 from a previous price target of $31 . Maxim Group advised their investors in a research report released on Apr 20, 2016.

Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016. Shares were Upgraded by Maxim Group on Jan 28, 2016 to ” Buy” and Lowered the Price Target to $ 28.50 from a previous price target of $30 .

On the company’s financial health, EMC Corporation reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.33. The company had revenue of $5475.00 million for the quarter, compared to analysts expectations of $5640.05 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

EMC Corporation closed down -0.01 points or -0.04% at $25.54 with 1,14,41,487 shares getting traded on Monday. Post opening the session at $25.44, the shares hit an intraday low of $25.44 and an intraday high of $25.67 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 11, 2015, Yoran Amit (President, RSA) sold 21,487 shares at $27.17 per share price. According to the SEC, on Mar 6, 2015, David I Goulden (CEO, EMCII) sold 85,500 shares at $28.09 per share price. On Mar 4, 2015, Paul T Dacier (EVP & General Counsel) sold 47,365 shares at $28.93 per share price, according to the Form-4 filing with the securities and exchange commission.

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 industry’s 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. Pivotal’s three offerings include the Pivotal Big Data Suite Pivotal Labs and Pivotal Cloud Foundry.

EMC Corporation

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