J.P. Morgan is out with a research report this morning, where it reiterates its Overweight rating on Quest Software ; it did not provide a price target for the stock.
The JPM analyst cited their recent attendance at QSFT’s Virtualization Event (held at VMworld 2010 in San Francisco) where senior management outlined the technology direction of the company’s Virtualization Management business.
The analysts noted that, earlier in the week, QSFT also announced the launch of a new product (vFoglight Storage) and two new technology alliances intended to further expand the company’s Virtualization Management product offering.
The JPM analysts continue to believe that growth in the company’s Virtualization Business will continue to positively contribute to overall results.
Source:http://www.benzinga.com/analyst-ratings/analyst-color/10/09/452430/j-p-morgan-reiterates-overweight-on-quest-software-qsft
