Why Vmware, Inc. (NYSE:VMW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $71.65 on Vmware, Inc. (NYSE:VMW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.29 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Vmware, Inc. (NYSE:VMW) stands at 29.77.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Vmware, Inc. Common stock, Clas, the PEG ratio for coming 3-5 years is 1.25.

Technical Analysis

The technical analysis highlights that Vmware, Inc. Common stock, Clas current is trading $3.02 points away or +4.27% from its 50-day moving average of $70.88. Further it is trading $14.52 or +24.45% away its 200-day moving average of $59.38.

The 52-week high of Vmware, Inc. (NYSE:VMW) was $82.35 while lowest point recorded in 52-week was $43.25. It implies if stock price makes a movement of over $-8.45, it will record a new 52-week high. In the case of +70.87% drop, it will touch a new 52-week low.

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