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TheStreet Wire

VMWare Stock Hits New 52-Week High (VMW)

By TheStreet Wire 04/19/12 - 10:03 AM EDT

Find out if (VMW) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- VMWare (NYSE:VMW) hit a new 52-week high Thursday as it is currently trading at $117.26, above its previous 52-week high of $115.19 with 719,472 shares traded as of 9:40 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

VMWare has a market cap of $14.07 billion and is part of the technology sector and computer software & services industry. Shares are up 33.8% year to date as of the close of trading on Wednesday.

VMware, Inc. provides virtualization and virtualization-based cloud infrastructure solutions in the United States and internationally. The company has a P/E ratio of 65.8, below the average computer software & services industry P/E ratio of 67 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates VMWare as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full VMWare Ratings Report.

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