Business

Mass. Movers

EMC slips as analyst cites too-high hopes

EMC Corp. is a leading data-storage company.

Globe File Photo/2007

EMC Corp. is a leading data-storage company.

Advertisement

Data-storage stocks, Dow Jones reported, “are flashing warning signs” after William Blair downgraded Hopkinton-based EMC Corp. — a giant in the industry — and Fusion-io Inc., a newer Salt Lake City company, to “market perform.” That neutral rating comes, Blair says, on too-aggressive expectations for 2013 on Wall Street. EMC, Blair warns, could suffer “choppy” near-term results as companies move data to the cloud and show renewed enthusiasm for server-storage bundles.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com