Vmware (VMW) Receives ‘Analyst’ Rating

Vmware (VMW) : 9 brokerage houses believe that Vmware (VMW) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 20 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vmware (VMW). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 32 Wall Street Analysts endorse the stock as a Buy with a rating of 2.39.

Vmware (VMW) : 20 investment research analysts covering Vmware (VMW) have an average price target of $75.35 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $65 for the short term. Analysts expect the variance to be within $7.86 of the average price.


Also, JP Morgan reinstates its view on Vmware (NYSE:VMW) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. The rating by the firm was issued on September 8, 2016.

Vmware (NYSE:VMW): After opening at $73.44, the stock dipped to an intraday low of $73.13 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $73.61 and the buying power remained strong till the end. The stock closed at $73.36 for the day, a gain of 0.08% for the day session. The total traded volume was 2,322,757. The stocks close on the previous trading day was $73.3.

VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.

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