NEW YORK (TheStreet) -- Shares of Google (GOOGL) are slightly down -0.38% to $588.35 in afternoon trading after the company announced it's acquiring Zync Render and entering a collaboration with VMware (VMW) and NVIDIA (NVDA) .
Zync Render provides visual effects cloud rendering technology and joins the Google Cloud Platform team to offer studios the rendering performance and capacity they need, while helping them manage costs.
VMware, NVIDIA and Google will collaborate to deliver high-performance virtual desktops and workstation-class graphics to Google Chromebooks in hopes of expanding the hardware options for high-performance virtual desktops.
Separately, TheStreet Ratings team rates GOOGLE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOOGLE INC (GOOGL) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share."