by Sam Collins | December 20, 2013 1:31 am
EMC Corp. (EMC) — One of the world’s largest suppliers of enterprise storage systems, EMC also owns 80% of VMware (VMW), an industry-leading provider of server virtualization software.
S&P estimates the company will earn $$1.80 in 2013, $2.08 in 2014, and $2.31 in 2015. Its analysts point to an anticipated rise in revenues driven by the increased adoption of cloud computing as a basis for the projected steady increase in earnings. They have a “strong buy” rating with a 12-month price target of $32.
This stock completed a break from a huge bullish saucer by closing above its 50-day moving average. Buy now as a long-term investment. EMC has a dividend yield of 1.7%.
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