VMware (NYSE: VMW) was upgraded by S&P Equity Research from a “hold” rating to a “buy” rating in a research note issued on Friday.
A number of other analysts have also recently weighed in on VMW. Analysts at Deutsche Bank reiterated a “buy” rating on shares of VMware in a research note to investors on Thursday. They now have a $110.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of VMware from $102.00 to $103.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of VMware in a research note to investors on Thursday.
Nineteen investment analysts have rated the stock with a buy rating, three have assigned an overweight rating, twenty-three have issued a hold rating, and one has assigned a sell rating to the stock. VMware presently has a consensus rating of “overweight” and an average price target of $97.22.
Shares of VMware (NYSE: VMW) traded up 0.03% during mid-day trading on Friday, hitting $85.125. VMware has a one year low of $70.05 and a one year high of $118.79. The stock’s 50-day moving average is currently $77.43. The company has a market cap of $36.463 billion and a P/E ratio of 49.48.
VMware (NYSE: VMW) last issued its quarterly earnings data on Monday, January 28th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Analysts expect that VMware will post $3.22 EPS for the current fiscal year.
VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.
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