Stock Update (NASDAQ:INTC): VMware: Collaboration With Intel Security Will Deliver A ‘Complete Mobile Security Solution’

[Benzinga] – Shares of VMware, Inc. (NYSE: VMW ) were trading higher by more than 1.5 percent late Tuesday morning after the company announced an expansion of its collaboration with Intel Corporation (NASDAQ: INTC … Read more on this. Intel Corporation (INTC) , valued at $159.31B, started trading this morning at $33.94. Looking at the stock, its one day range is $33.53 to $34.00 with a one year range of $24.87 to $37.49. Intel (INTC) shares are currently priced at 15.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.46x earnings multiple for the same period. The company pays shareholders $0.96 per share annually in dividends, yielding 2.79%. According to a consensus of 39 analysts, the earnings estimate of $0.63 per share would be $0.11 worse than the year-ago quarter and a $0.03 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.23, which would be a $0.08 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.80 Billion. If realized, that would be a 0.54% increase over the year-ago quarter. Recently, JMP Securities upgraded INTC from Mkt Perform to Mkt Outperform (Nov 20, 2015). Previously, JMP Securities upgraded INTC from Mkt Underperform to Mkt Perform. Given all the information above, we should disclose to readers that the average price target is $36.22, which is 6.72% above than it opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Joint Partnership Bolsters Cybersecurity in Indiana; State, Purdue and Intel Team Up for Security Operations Center Stock Update (NASDAQ:INTC): Intel Takes a Mobile Step in the Right Direction Market Update: Intel Corporation (NASDAQ:INTC) – Intel Launches Phase Two of Intel Security Partner Program Designed to Improve Profitability