EMC (NYSE:EMC) Finishes Quarter Off Strong

It appear the quarter of EMC (NYSE:EMC) finished off strong on a flurry of deals for the IT infrastructure company.

FBR noted, "We have been picking up incrementally positive data points on EMC, as it appears the quarter closed very strong on broad-based deal activity, thus giving us confidence the company should be able to meet, and possibly beat, 4Q Street estimates. To this point, we also believe EMC has a very healthy pipeline heading into 2011 on the heels of strong secular storage trends, a refreshed product cycle, and solid execution in the field."

FBR Capital maintains an "Outperform" rating on EMC, which was trading at $23.52, gaining $0.09, or 0.38 percent, as of 11:51 AM EST. FBR raised their price target on EMC from $25 to $26.