Benchmark Research Reiterates Buy Rating On VMWare (VMW)

In a report released today, an analyst at The Benchmark Company reiterated his Buy recommendation on shares of VMWare Inc. (NYSE: VMW). He has a price target of $54 on the stock which is currently trading at $47.40. The analyst said that "we continue to believe the company's competitive position in the increasingly essential virtualization market is unchallenged."

VMWare (VMW) reported stronger than expected earnings last night and the stock opened considerably higher today. The shares have gained 13.4% today. According to Google Finance, "VMware, Inc. is a provider of virtualization solutions from the desktop to the data center."