Vmware (VMW) NewsBite - VMW Rises On Q4 Earnings
Posted: Tuesday, January 26, 2010 10:10 AM EDT
By: Market Intelligence Center Staff
Vmware (NYSE: VMW) opened at $48.84. So far today, the stock has hit a low of $47.50 and a high of $48.95. VMW is now trading at $47.52, up $5.53 (13.17%). Over the last 52 weeks the stock has ranged from a low of $19.15 to a high of $47.60. VMW reported earnings last night, posting a fourth-quarter profit of $56.4 million, or 14 cents per share. Excluding one-time items, VMW earned 31 cents per share on revenue of $608.2 million, beating analysts' estimates of 26 cents per share on revenue of $554 million. Technical indicators for the stock are bearish and S&P gives VMW a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on VMW the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 38 range. [ABR-Seven Summits Strategic Investments NewsBite]
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