VMware VMW shares are trading higher in sympathy with Dell Technologies after Goldman Sachs upgraded the stock from Neutral to Buy. Goldman mentioned positive commentary related to the VMWare spin-off.
Dell owns a majority stake in VMware.
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.
VMware's stock was up 3.31% at $142.23. The stock has a 52-week high of $163.17 and a 52-week low of $86.
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