Vmware, Inc. stock performance trend indicates that the stock price has rallied 15.58% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 26.24% . Looking at the past 52 week period, the stock price is up at 79.74% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Vmware, Inc. has a positive value of 53.82 compared to overall market.Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 70.54.
Vmware, Inc. (NYSE:VMW) has climbed 3% in the past week and advanced 1.51% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.76% and the outperformance has advanced to 0.36% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Vmware, Inc. (NYSE:VMW) : On Friday heightened volatility was witnessed in Vmware, Inc. (NYSE:VMW) which led to swings in the share price. The stock opened for trading at $92.1 and hit $93 on the upside , eventually ending the session at $92.6, with a gain of 0.58% or 0.53 points. The heightened volatility saw the trading volume jump to 1,424,846 shares. The 52-week high of the share price is $93 and the company has a market cap of $37,840 million. The 52-week low of the share price is at $49.75 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Mizuho on Jan 27, 2017 to Neutral, Raises Price Target to $ 84 from a previous price target of $73 .Company shares were Reiterated by Maxim Group on Jan 27, 2017 to Hold, Raises Price Target to $ 92 from a previous price target of $83 .Company shares were Reiterated by Maxim Group on Jan 24, 2017 to Hold, Raises Price Target to $ 83 from a previous price target of $77 .VMware was Initiated by Wells Fargo to Market Perform on Jan 11, 2017.
Company has reported several Insider transactions to the SEC, on Mar 9, 2017, S. Dawn Smith (Senior VP, Chief Legal Officer) sold 11,167 shares at 89.48 per share price.On Mar 8, 2017, Sanjay Poonen (COO, Customer Operations) sold 1,889 shares at 89.04 per share price.On Feb 16, 2017, P. Kevan Krysler (Sr. Vice President, CAO) sold 6,439 shares at 90.54 per share price.
VMware Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.40. The company had revenue of $2030.00 million for the quarter, compared to analysts expectations of $1991.52 million. The companys revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability, backup and recovery, resource provisioning and management, capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors, resellers, x86 system vendors and systems integrators.