{"id":11767,"date":"2013-10-30T08:17:35","date_gmt":"2013-10-30T12:17:35","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=11767"},"modified":"2013-10-30T08:11:40","modified_gmt":"2013-10-30T12:11:40","slug":"emc-corporation-nyseemc-presents-an-attractive-buy-option","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-presents-an-attractive-buy-option-11767","title":{"rendered":"EMC Corporation (NYSE:EMC) Presents An Attractive Buy Option"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/30\/2013 (wallstreetpr) &#8211;<b>\u00a0<\/b>EMC Corporation (NYSE:EMC) has been affected by the government shutdown and its last quarterly results mirror that. Revenues were $5.54 billion against analysts\u2019 expectation of $5.80 million. Earnings per share of $0.40 were also below market analysts\u2019 expectation of $0.45. EMC is expected to post earnings per share of $1.81 for the full financial year. In spite of the fall in revenues, EMC was able to generate $3.7 billion in free cash flows for the year till date. The company is spending about $2 billion out of this amount towards share buyback. EMC plans to buyback $3.5 billion shares by end of June 2014. The company is able to take advantage of the depressed share prices. EMC is expected to close the financial year with $2.9 billion in net income and $5.5 billion in free cash flow.<\/p>\n<p style=\"text-align: justify;\">EMC is facing a slowdown in its main business of data storage solutions. It has obscured the excellent performance of its publicly traded subsidiary VMware, Inc. (NYSE:VMW). EMC owns 80% of VMware and the business at VMware is very strong and has good growth potential. Revenues at VMware were $1.29 billion for the third quarter, up by 13.7% for the same period last year. Net earnings increased by a massive 66.2% to $261 million. Non-GAAP earnings also rose from $0.70 to $0.84 per share, while diluted earnings grew from %0.36 to $0.60 per share.<\/p>\n<p style=\"text-align: justify;\">EMC and VMware are also planning to hold equity stake in another startup aimed at cloud computing segment. The entity will focus on developing applications based on cloud computing, such applications find use in mobiles, one of the stronger growing segments in the IT sector. The company will benefit from its acquisition of Xtreme Labs.<\/p>\n<p style=\"text-align: justify;\">EMC offers a strong potential for an upside in the long term. Analysts are recommending a \u201cbuy\u201d on this stock. The shares were trading at $24 at the end of trading.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #888888;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/30\/2013 (wallstreetpr) &#8211;\u00a0EMC Corporation (NYSE:EMC) has been affected by the government shutdown and its last quarterly results mirror that. Revenues were $5.54 billion [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":11768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[760,752,2173,753,3902,3904,3903,3901],"stock_ticker":[],"class_list":["post-11767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-emc","tag-emc-corporation","tag-emc-corporation-nyseemc","tag-nyseemc","tag-nysevmw","tag-vmw","tag-vmware-inc","tag-vmware-inc-nysevmw","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EMC Corporation (NYSE:EMC) Presents An Attractive Buy Option - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-presents-an-attractive-buy-option-11767\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMC Corporation (NYSE:EMC) Presents An Attractive Buy Option - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 10\/30\/2013 (wallstreetpr) &#8211;\u00a0EMC Corporation (NYSE:EMC) has been affected by the government shutdown and its last quarterly results mirror that. 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