Goldman Sachs is adding EMC Corp. (NYSE:EMC) to Conviction Buy list with a $33 price target, representing 29% upside. They believe 2011 will be a year of “beat-and-raise” quarters for EMC, and have raised their estimates as a result.
Goldman notes their bullish thesis on EMC’s shares remains intact, though they have higher conviction in the absolute upside potential for the shares. Firm believes networked storage will continue to enjoy secular tailwinds throughout 2011, and they believe EMC is well positioned to capture the lion’s share of this market’s growth. In addition, they believe EMC’s leading portfolio of cloud and next-generation enterprise technology assets will allow it to generate sustainable double-digit growth and build an increasingly software-centric earnings profile.
Their latest IT spending survey, published on March 4, 2011, supported firm's view that EMC maintains a strong leadership position in networked storage, particularly in virtualized environments, where 40% of CIOs named it their preferred storage vendor (Exhibit 1). They expect the value of this advantage to grow as virtualized environments become more common across enterprises, and they continue to believe this will be the most important source of networked storage growth over the next several years.
Furthermore, the firm thinks 2011 will be a year of “beat-and-raise” quarters. In particular, they believe EMC’s recent product refresh will allow it to accelerate its share gains in the midrange and enhance its secular momentum amid an increasingly rapid and global transition to next-generation datacenters.
They are raising their estimates. For 2011, the firm is forecasting revenues and non-GAAP EPS of $19.71 billion and $1.54 (vs. consensus of $19.64 billion and $1.48), up from $19.61 billion and $1.50. They now expect revenues and non-GAAP EPS of $21.95 billion and $1.74 for 2012 and $24.34 billion and $1.98 for 2013. This is up from their prior forecasts of $21.51 billion and $1.70 and $23.58 billion and $1.91, respectively.
Notablecalls: The key part of this call is the 'year of “beat-and-raise”'. This is what people need to hear when it comes to EMC. It's not a cheap stock, rarely has been & needs raising estimates to work.
With Goldman out giving their blessing, you will see buyers flock in. Ultimately this thing is a $35 stock.
Goldman notes their bullish thesis on EMC’s shares remains intact, though they have higher conviction in the absolute upside potential for the shares. Firm believes networked storage will continue to enjoy secular tailwinds throughout 2011, and they believe EMC is well positioned to capture the lion’s share of this market’s growth. In addition, they believe EMC’s leading portfolio of cloud and next-generation enterprise technology assets will allow it to generate sustainable double-digit growth and build an increasingly software-centric earnings profile.
Their latest IT spending survey, published on March 4, 2011, supported firm's view that EMC maintains a strong leadership position in networked storage, particularly in virtualized environments, where 40% of CIOs named it their preferred storage vendor (Exhibit 1). They expect the value of this advantage to grow as virtualized environments become more common across enterprises, and they continue to believe this will be the most important source of networked storage growth over the next several years.
Furthermore, the firm thinks 2011 will be a year of “beat-and-raise” quarters. In particular, they believe EMC’s recent product refresh will allow it to accelerate its share gains in the midrange and enhance its secular momentum amid an increasingly rapid and global transition to next-generation datacenters.
They are raising their estimates. For 2011, the firm is forecasting revenues and non-GAAP EPS of $19.71 billion and $1.54 (vs. consensus of $19.64 billion and $1.48), up from $19.61 billion and $1.50. They now expect revenues and non-GAAP EPS of $21.95 billion and $1.74 for 2012 and $24.34 billion and $1.98 for 2013. This is up from their prior forecasts of $21.51 billion and $1.70 and $23.58 billion and $1.91, respectively.
Notablecalls: The key part of this call is the 'year of “beat-and-raise”'. This is what people need to hear when it comes to EMC. It's not a cheap stock, rarely has been & needs raising estimates to work.
With Goldman out giving their blessing, you will see buyers flock in. Ultimately this thing is a $35 stock.
RSA is totally owned and is fighting not to revel how bad. Everything is gone! The best thing you can do Goldman's is to sell, sell, sell!
ReplyDeleteI am a private loan lender, Do you Need legitimate and quick loan service? Apply now and get your loan money urgently! and am also a bitcoin investment trader located here in USA.I can help you with the loan you are looking for and also if you are interested in bitcoin investment trade we can also trade for you with the below information.
ReplyDeleteI can make you earn $50,000 worth of bitcoin daily mining.
Are you interested in the loan or interested in bitcoin investment trade with a minimum amount of your choice And how much more all in 24 Hours.
For Urgent Response very much available send messages on Email: harryben5177@gmail.com .
We are Ireland based Major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale. We are one of the leading financial instrument providers with offices all over Europe we always deliver on time and precision as set forth in the agreement.
ReplyDeleteYou are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: 10M MIN to 50B MAX USD or Euro
3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
4. Age: One Year, One Day
5. Leasing Price: 4+2%
6. Sale Price: 32+2%
7. Delivery by SWIFT .
8. Payment: MT103-23
9. Hard Copy: Bonded Courier within 7 banking days.
If you have need for Corporate loans, International project funding, etc, or if you have a client that requires funding for his/her project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service.
Name : Uspaceaero Limited
E-mail : uspaceaerolimited@gmail.com
Skype id :uspaceaerolimited@gmail.com
My Testimony
ReplyDeleteI am happy today that i got a loan from this legitimate company after many years of been financial down and also got scammed in the process until i met this great Woman who helped me with a loan of $83,000 and i will advice all loan seekers to contact this company on: For Urgent Response very much available Via Whatssp: +233{26416}1536 Email: maureenhinckley24@aol.com