Brokerage firm Citigroup Assumes its rating on EMC Corporation(NYSE:EMC). The shares have been rated Neutral. The rating by Citigroup was issued on Jul 26, 2016.
In a different note, On Jul 18, 2016, Raymond James said it Downgrades its rating on EMC Corporation. The shares have been rated ‘Market Perform’ by the firm. On Jul 11, 2016, Mizuho Securities said it Downgrades its rating on EMC Corporation. The shares have been rated ‘Neutral’ by the firm. On Jun 2, 2016, Sterne Agee CRT said it Downgrades its rating on EMC Corporation. The shares have been rated ‘Neutral’ by the firm. On Jun 1, 2016, UBS said it Downgrades its rating on EMC Corporation. The shares have been rated ‘Neutral’ by the firm. On May 27, 2016, Longbow Research said it Downgrades its rating on EMC Corporation. The shares have been rated ‘Neutral’ by the firm.
EMC Corporation (EMC) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.21% at a volume of 1,04,78,159. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.39. The peak price level was also seen at $28.39 while the days lowest was $28.23. Finally the shares closed at $28.28. The 52-week high of the shares is $28.77 while the 52-week low is $22.66. According to the latest information available, the market cap of the company is $55,236 M.
EMC Corporation(EMC) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.00B. Analysts had an estimated revenue of $6.00B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.42.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2015, Yoran Amit (President, RSA) sold 21,487 shares at $27.17 per share price.Also, On Mar 6, 2015, David I Goulden (CEO, EMCII) sold 85,500 shares at $28.09 per share price.On Mar 4, 2015, Paul T Dacier (EVP & General Counsel) sold 47,365 shares at $28.93 per share price, according to the Form-4 filing with the securities and exchange commission.
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops delivers and supports the IT industry’s range of information infrastructure and virtual infrastructure technologies solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store manage protect analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center Cloud Services and End-User Computing. Pivotal’s three offerings include the Pivotal Big Data Suite Pivotal Labs and Pivotal Cloud Foundry.