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EMC in a Position to Take Off

EMC Corp. (NYSE:EMC) — One of the world’s largest suppliers of enterprise storage systems also owns 80% of VMware, the largest provider of server virtualization software. Demand for storage data continues at a torrid pace, and EMC is the company that can satisfy it. EMC also focuses on cloud computing and is gaining market share in that important area of growth.

S&P estimates the company will earn $1.82 in 2012 versus $1.51 in 2011.

Technically, the break from a huge cup should carry EMC to $37. Longer term, the stock will likely achieve a much higher price.

Trade of the Day – EMC Corp. (NYSE:EMC)
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Trade of the Day Chart Key


Article printed from InvestorPlace Media, https://investorplace.com/2012/03/trade-of-the-day-emc-corp-nyse-emc/.

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