William Blair Upgrades VMware (VMW) to Outperform

October 24, 2016 6:50 AM EDT
Get Alerts VMW Hot Sheet
Price: $82.64 -0.06%

Rating Summary:
    23 Buy, 30 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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William Blair upgraded VMware (NYSE: VMW) from Market Perform to Outperform.

Analyst Jason Ader commented, "We are upgrading the shares of VMware to Outperform from Market Perform. Our neutral stance on the stock over the past three years was based on concerns over VMware's lack of a strong public cloud story, vSphere hypervisor saturation, and uncertainty on the success of new products. In recent months, we believe the narrative has begun to shift positively across each of these three areas."

For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.

Shares of VMware closed at $72.91 yesterday.

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