Analyst Rating Update on EMC Corporation (EMC)

EMC Corporation (EMC) : The consensus on EMC Corporation (EMC) based on 24 analyst recommendation on the company stock is 2.42, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 16 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

EMC Corporation (EMC) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $26. The average forecast of all the analysts is $29.18 and the expected standard deviation is $1.58.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Bernstein downgrades its rating on EMC Corporation (NYSE:EMC).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 29, 2016.


EMC Corporation (NYSE:EMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.01 and $27.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.20, notching a gain of 0.25% for the day. The total traded volume was 10,343,206 . The stock had closed at $28.13 on the previous day.

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.

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