VMware, Inc. (NYSE:VMW) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 25, 2016
Boasting a price of $73.05, VMware, Inc. (NYSE:VMW) traded -0.58% lower on the day. With the last close up 18.25% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. VMware, Inc. has recorded a 50-day average of $72.88 and a two hundred day average of $62.05. Volume of trade was down over the average, with 1,379,724 shares of VMW changing hands under the typical 2,722,280
Zacks Investment Research has downgraded VMware, Inc. (NYSE:VMW) to Hold in a statement released on 9/21/2016.
On 09/13/2016, Barclays Capital released a statement on VMware, Inc. (NYSE:VMW) bumped up the target price from $0.00 to $82.00 that suggested an upside of 0.11%.
With a market capitalization of $0, VMware, Inc. has 52 week low of $43.25 and a 52 week high of $82.35 with a PE ratio of 29.56 .
In addition to Zacks Investment Research reporting its stock price target, a total of 24 brokerages have issued a research note on the company. The average stock price target is $61.85 with 2 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 23 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On VMware, Inc. (NYSE:VMW)
VMware, Inc. is a provider of virtualization infrastructure solutions and cloud 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). Its compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments. Its SDDC is designed to transform the data center into an on-demand service. Its cloud strategy has three components, which include continue to expand beyond compute virtualization in the private cloud, extend the private cloud into the public cloud, and connect and secure endpoints across a range of public clouds. Its End-User Computing portfolio enables IT organizations to deliver secure access to applications, data and devices for their end users.
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