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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.