Vmware (NYSE:VMW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.47 by 29 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 19 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Cowen & Company downgrades their rating on the shares of Vmware (NYSE:VMW). The current rating of the shares is Market Perform. 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): 18 Analyst have given the stock of Vmware (NYSE:VMW) a near short term price target of $66.22. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $12.93. The higher price target estimate is at $90 while the lower price estimates are fixed at $34.
Vmware (NYSE:VMW) rose 0.35% or 0.21 points on Tuesday and made its way into the gainers of the day. After trading began at $60.95 the stock was seen hitting $61.64 as a peak level and $60.81 as the lowest level. The stock ended up at $60.98. The daily volume was measured at 1,300,446 shares. The 52-week high of the share price is $93.43 and the 52-week low is $43.25. The company has a market cap of $25,872 million.
VMware, Inc. has dropped 0.88% in the last five trading days, however, the shares have posted positive gains of 2.04% in the last 4 weeks. VMware, Inc. is up 15.38% in the last 3-month period. Year-to-Date the stock performance stands at 7.8%.
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.