Short Term Rating on Vmware (VMW)

Vmware (VMW) : 29 analysts are covering Vmware (VMW) and their average rating on the stock is 2.47, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Vmware (VMW) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 19 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Vmware (VMW) : The highest level Vmware (VMW) is projected to reach is $90 for the short term and the lowest estimate is at $34. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $65.9 and the possibility the share price can swing is $12.64.

Company shares have received an average consensus rating of Hold for the current week


Vmware (NYSE:VMW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.21 and $59.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.15, notching a gain of 2.65% for the day. The total traded volume was 2,139,676 . The stock had closed at $59.57 on the previous day.

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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