SAN FRANCISCO - VMware(VMW Quote) must walk a fine line between revenue growth and price cuts to remain the market leader in virtualization.
A report released Wednesday shows the company's market share is eroding quickly as competitors close the technology gap with lower-priced products. But the report's author says new leadership at VMware may help stem the trend.
The stock was recently up $2.18, or 6.2%, to $37.41, surpassing its one-year price target of $36, according to Thomson Reuters. The stock has enjoyed a two-day gain of 12% since closing at $33.33 Tuesday.
Virtualization software helps corporate data centers drastically cut hardware, energy and cooling costs by making more efficient use of servers and desktops. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet