A Look Into VMware Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
VMware Inc.'s (NYSE:VMW) stock price is currently at $166.36, after a 0.07% decrease. However, over the past month, the stock increased by 1.49%, and in the past year, by 47.35%. The company's P/E ratio of 50.14 is lower than the Software industry average of 66.81, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
October 02, 2023 | 8:45 pm
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VMware's stock price is currently at $166.36, after a 0.07% decrease. However, over the past month, the stock increased by 1.49%, and in the past year, by 47.35%. The company's P/E ratio of 50.14 is lower than the Software industry average of 66.81.
VMware's stock price has seen a slight decrease in the current market session, but has shown positive growth over the past month and year. The company's P/E ratio is lower than the industry average, which could indicate that the stock is undervalued. However, it could also suggest that shareholders do not expect the company to perform better in the future. This uncertainty makes the short-term impact on the stock price neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100