J.P. Morgan, which raised its PT on shares of VMware, Inc. VMW, is providing some color on the stock.
“For the JunQ, we increase our non-GAAP EPS estimate to $0.46 (vs. $0.43 prior) on total revenue of $871.6 million (vs. $829.0 million prior),” J.P. Morgan writes. “For 2011, we increase our non-GAAP EPS estimate to $1.91 (vs. $1.81 prior) on total revenue of $3.601 billion (vs. $3.493billion prior). Details of our changes are provided within.”
VMware closed Tuesday at $85.97.
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