Wednesday, December 23, 2009 10:11:33 PM
According to JMP Securities, EMC is expected to beat the revenue expectations while meeting the EPS expectations for Q4. Channel checks indicate that the order trends are improving for the company, the analysts say. However, the growth rate of EMC’s mid-range Clarion line of products is likely to have softened during the quarter due to increased competition, the analysts add.
EMC is a leader in enterprise storage and a primary beneficiary of the move to next-generation data centers, the analysts say. The visibility into the company’s growth prospects are improving, JMP Securities adds.
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