Tag Archives: csco

VMware Downgraded, Price Target Cut On Q4 Guidance

VMware’s disappointing Q4 guidance late Tuesday sparked downgrades and price target reductions. VMware’s (VMW) mixed bag of results comes as its parent company, EMC (EMC), a storage software leader, said early Wednesday that it is planning to buy a bigger stake in VCE, its partnership with Cisco Systems (CSCO), which sells storage, virtualization and networking products. Cisco’s stake will now be 10% instead of 35%. EMC owns 80% of VMware, which

Splunk Rival Loggly Attracts More Funding

Splunk’s fast growth in machine-to-machine data analytics has attracted more private equity investors to Splunk rival Loggly. On Tuesday, San Francisco-based Loggly said that it had closed a $15 million funding round, led by Harmony Partners. Matrix Partners, Trinity Investors and networking gear leader Cisco Systems (CSCO), which had already been investors, increased their investments. Loggly has raised $43.3 million to date. Since launching its

Aruba Seen Wi-Fi Market Share Taker Vs. Cisco

Aruba Networks stands to gain share vs. Cisco Systems and other Wi-Fi network gear makers, says RBC Capital, which upped its price target on Aruba stock. RBC Capital analyst Mark Sue increased his price target to 27 from 24 in a report published Tuesday. Aruba Networks (ARUN) stock is up more than 15% in 2014, with shares near 21, up nearly 2% in early trading in the stock market today. Cisco Systems (CSCO) stock was up a fraction. Besides Cisco,