VMware Inc., a maker of software used to consolidate applications on corporate servers, fell the most in more than 2 1/2 years after at least 10 analysts downgraded the shares.
The company posted third-quarter profit Tuesday that topped estimates, underscoring its status as a key asset in the sale of parent company EMC Corp. to Dell Inc., yet weak bookings -- a measure of future revenue -- added to anxiety among shareholders about the software maker’s independent business model.
