Analyst Rating Update on Vmware (VMW)

Vmware (NYSE:VMW) : 7 brokerage houses believe that Vmware (NYSE:VMW) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 19 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vmware (NYSE:VMW). Zacks Investment Research suggests a Hold with a rank of 3. 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 29 Wall Street Analysts endorse the stock as a Buy with a rating of 2.47.

Vmware (NYSE:VMW) : The highest level Vmware (NYSE:VMW) is projected to reach is $90 for the short term and the lowest estimate is at $34. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $66.22 and the possibility the share price can swing is $12.93.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Cowen & Company downgrades its rating on Vmware (NYSE:VMW). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 24, 2016.

Vmware (NYSE:VMW): stock turned positive on Tuesday. Though the stock opened at $56.78, the bulls momentum made the stock top out at $56.9 level for the day. The stock recorded a low of $55.75 and closed the trading day at $56.3, in the green by 1.73%. The total traded volume for the day was 1,536,902. The stock had closed at $55.34 in the previous days trading.

In an insider trading activity,The officer (EVP, GM, EUC, Head Global Mktg) of Vmware, Inc., Poonen Sanjay sold 5,500 shares at $60.08 on May 31, 2016. The Insider selling transaction had a total value worth of $330,440. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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