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VMware Stock Slides on Sales Miss

Stock quotes in this article: VMW , MSFT , CTXS , CSCO  

Despite enjoying a 7% sales hike in a tough economy, software specialist VMware's(VMW Quote) first-quarter revenue has come in below analysts' expectations.

The virtualization trailblazer reported sales of $470.3 million, up from $438 million in the same period last year but below Wall Street's revenue forecast of $474.38 million.

News of the firm's revenue miss did little for VMware's shares. The stock plummeted $3.61, or 11.09% to $28.94 in afterhours trading. ...

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