EMC Corporation (EMC) is Downgraded by Bernstein to Mkt Perform

EMC Corporation (EMC) was Downgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Bernstein advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Resumed by Citigroup to “Neutral” on Jul 26, 2016. EMC Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 18, 2016. EMC Corporation was Downgraded by Macquarie to ” Neutral” on Jul 13, 2016.

On the company’s financial health, EMC Corporation reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.42. The company had revenue of $6017.00 million for the quarter, compared to analysts expectations of $5999.00 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

EMC Corporation (EMC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $28.19 and reached the intraday high at $28.45. The bulls started the profit booking and pushed the shares to intraday low of $28.19. The trading session was marked by a volume range of 89,29,477 shares exchanging hands. The 52-week high of the shares is $28.77 and the 52-week low is $22.66. The market cap of the company stands at $55,354 M and there are 1,95,31,96,700 shares in public circulation.

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

Leave a Reply

EMC Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on EMC Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.