It has been a fantastic year so far for NYSE:VMW as the cloud kings have been the focus of investors money, but just how strong are investors resolve if things turn south for Vmware?. there is no doubt the company has a unrivalled client list with MSFT, AMZN,DELL, IBM & BABA among its cloud integration customers. Furthur new products will have likely increased their customer base in the quarter, thus earnings are going to be good, but this is not time to be entering into a long position , in a weak market. Better entries will be available as the stock needs a pullback.
If the stock breaks out $207-$208 is a good alert level.
AVERAGE ANALYSTS PRICE TARGET $193.75
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 33
COMPANY PROFILE
VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.
If the stock breaks out $207-$208 is a good alert level.
AVERAGE ANALYSTS PRICE TARGET $193.75
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 33
COMPANY PROFILE
VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.