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VMware (NYSE:VMW) shares were trading lower on Thursday, after Jefferies analysts downgraded the company's stock from Buy to Hold.
VMware is a majority-owned subsidiary of Dell. The software provider operates in the three segments of licenses, maintenance, and professional services. Its customers include enterprises utilizing data centers, end-user computing, cloud providers, and software-defined networking.
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VMware's stock was down 2.38% at $131.64 per share on Thursday. The stock has a 52-week high of $206.80 and a 52-week low of $86.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.