VMware (VMW) -1.4% thanks to a downgrade to Equal Weight from Evercore's Kirk Materne, who...

|By:, SA News Editor

VMware (VMW) -1.4% thanks to a downgrade to Equal Weight from Evercore's Kirk Materne, who becomes the latest in a parade of analysts to voice concerns about growth and competition. Materne, who is lowering his PT to $75 from $85, thinks VMware's long-term competitive position related to Amazon Web Services, Windows Azure, and OpenStack remains uncertain. Craig-Hallum cut estimates earlier this week for similar reasons. Q2 results are due on July 23; shares -25% YTD.