Cloud Computing: VMware Is Poised To Continue Its Run

April 27, 2017 Off By Hoofer

Grazed from SeekingAlpha. Author: John Longsworth.

VMWare, Incorporated (NYSE:VMW) stock has run up strongly since bottoming in early 2016. Right now it’s in a resting pattern as it builds strength. It has plenty of room to run though, and great fundamentals to power that run. It’s a technology stock that’s worth consideration. Let’s take a closer look at it.

VMW Provides Cloud Computing Services

VMware, Inc. is a subsidiary of Dell Technologies. It was part of EMC until 2016, when Dell took EMC over. There was a lot of concern at the time about the future of the company. But in August 2016 VMW released several new products and told the public that it was alive and well. Since then the company has thrived. VMware provides the infrastructure for cloud utilities, virtualization software services, and server software…

There’s a lot of demand for VMware’s products as society moves to the internet of everything and cloud services continue to grow. Cloud computing is transforming several sectors including the medical and financial industries, and VMW is right on the forefront…

Read more from the source @ https://seekingalpha.com/article/4065894-vmware-poised-continue-run