For his second executive decision segment of “Mad Money” on Monday, Jim Cramer spoke to Sanjay Poonan, COO of VMware (VMW), a cloud software provider.
Poonan said VMware may not have been particularly important to investors in 2020, but it is still an important part of the cloud infrastructure. He said the cloud represents a $ 120 billion opportunity and is expected to grow 35%.
When asked about the SolarWinds major cyberattack, Poonan said the breach only increased the need for cybersecurity, which is why VMware continues to promote the basic “cyber-hygiene” any business can do to pave the way for improving Internet security tread.
The last time we looked at VMware was on October 15 last year when we wrote, “In the short term, VMW could be dragged down due to the weakness of the broader market. Traders could try to get a long VMW around $ 150 if they are ready to take a risk. ” close under 135 USD. Renewed strength may not appear until the end of the year. “Let’s see how that played …