EMC Corporation (EMC) has the potential to see 10% revenue growth and up to 16% EPS growth due to its robust offering of data storage solutions for customers looking toward private and public cloud options, says Amit Daryanani, Equity Analyst at RBC Capital Markets.
“With EMC, our take is it’s a very broad portfolio and not just storage; they also own VMware (VMW), they own Pivotal, they own RSA Security. But to the extent that this raw data creation continues to hold up, and people continue to look at having private cloud to public cloud, EMC actually has a fairly robust portfolio of solutions,” Daryanani said.
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EMC‘s offerings provide customers with an end-to-end solution regarding private and hybrid cloud architectures, Daryanani says, which is likely to result in both revenue and EPS growth for the company.
“What I think that could mean for EMC over the next three to five years is 10% revenue growth, 15%, 16% EPS growth. They have a 1.5% dividend yield today. I think this stock could continue to work into the low $30s over the next six to nine months,” Daryanani said.
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