VMware now sees FY13 revenue $5.12B-$5.24B vs. prior view $5.23B-$5.35B Consensus $5.3B. Cites contribution of assets to Pivotal for change in view. Now sees FY13 non-GAAP operating margin 32.5%-33.5%. Guidance issued as part of presentation at Strategic Forum.
VMware upgraded to Buy from Neutral at Nomura Nomura upgraded VMware to Buy with a $95 price target following favorable survey results. The firm's Q1 survey came in slightly ahead of plan and believes the Street is too cautious on shares, which could serve as a positive catalyst for shares. Separately, Nomura said the upcoming end of Windows Server 2003 in July could be an incremental catalyst as replacement servers will likely be virtualized.