EMC Pipeline Remains Robust, Piper Jaffray Reports

Piper Jaffray said that it believes that EMC Corporation's (NYSE: EMC) pipeline for 2011 remains robust and view EMC's current product line as extremely competitive.

“Server virtualization (VMware) and Data Deduplication (Data Domain) should remain two of the hottest segments in the data center and EMC is the market leader in both categories,” Piper Jaffray writes. “We also believe VMAX will continue to ramp given the successful early traction with this relatively new high-end platform. Isilon gives EMC a competitive scale-out NAS offering and the mid-range refresh (likely in April) will provide another key product cycle for EMC.

“We are reiterating our Overweight rating on EMC shares and raising our price target to $26.”

EMC Corporation close Wednesday at $22.93.