In after hours today, VMware (VMW) posted somewhat disappointing numbers. The earnings came in at $0.26 EPS on $412 million in revenues; however, people were expecting $0.24 EPS and $417.37 in revenues.
Investors are taking this news horribly. VMW has already fallen 22% in after hours, and has almost wiped any gains since they first broke on to the market. Of course this does not help EMC’s value. The stock has taken a great hit in after hours as well, falling 10%. EMC will report tomorrow during per market hours, so many investors (like myself) are pretty much stuck until tomorrow morning.
I personally hold shares in this stock and have watched it take a hit. I felt that it would work its way back out of this slump, but with the latest news unfolding about VMW it might all but be over.
If EMC’s stock gets hammered down tomorrow, then many people will be looking to stock up on this stock at the end. As for me, this stock will be headed to my black list. Just the way it goes.
Other stock listed on my black list – Starbucks (sbux)