Stifel Nicolaus Maintains Hold on VMware

Stifel Nicolaus is out with its report today on VMware VMW, maintaining Hold. In its report, Stifel Nicolaus writes, "We are maintaining our Hold rating on shares of VMW. Shares are trading at 7.2x our revised FY12 EV/revenue estimates, which remain a premium to the peer group at 3.4x, respectively. Although we like the company's leadership position in a growing market, we view the shares as fairly valued and reiterate our Hold rating.' At the time of posting, shares of VMW were trading at $78.26, up 0.56% from Monday's close.