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Alex Kurtz, an analyst at KeyBanc Capital, downgraded his VMware stock rating from overweight to sector weight after a series of executive exits. He likes Atlassian, Smartsheet, Nutanix, and RingCentral.
Dream time
VMware
The stock had seen a surge in speed earlier this month after CEO Pat Gelsinger agreed to leave the enterprise software company to take on the top job at
Intel.
Gelsinger is one of the most respected leaders in the valley, and his return to Intel – where he previously held various technical roles for 30 years – was seen by Intel as a brilliant move …
