Share on StockTwits

Shares of VMware (NYSE:VMW) saw unusually large options trading activity on Tuesday. Traders purchased 4,663 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 278% compared to the average volume of 1,233 put options.

A number of analysts have recently weighed in on VMW shares. Analysts at Cantor Fitzgerald cut their price target on shares of VMware from $90.00 to $88.00 in a research note on Wednesday, July 23rd. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of VMware in a research note on Wednesday, July 23rd. They now have a $115.00 price target on the stock, down previously from $120.00. Finally, analysts at Credit Agricole upgraded shares of VMware from an “outperform” rating to a “buy” rating in a research note on Wednesday, July 23rd. They now have a $115.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $110.72.

VMware (NYSE:VMW) traded down 2.96% during mid-day trading on Tuesday, hitting $97.80. The stock had a trading volume of 3,865,458 shares. VMware has a 1-year low of $76.51 and a 1-year high of $112.89. The stock has a 50-day moving average of $98.21 and a 200-day moving average of $98.5. The company has a market cap of $42.065 billion and a price-to-earnings ratio of 45.62.

VMware (NYSE:VMW) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that VMware will post $3.51 EPS for the current fiscal year.

VMware, Inc, is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.