VMware (NYSE:VMW) will release its earnings data after the market closes on Thursday, March 1st. Analysts expect VMware to post earnings of $1.61 per share for the quarter.
VMware (NYSE:VMW) last announced its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect VMware to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
VMware (VMW) opened at $122.94 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. The stock has a market cap of $49,560.00, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. VMware has a 52-week low of $85.45 and a 52-week high of $165.00.
VMW has been the topic of several analyst reports. Drexel Hamilton reiterated a “buy” rating and set a $120.00 price target on shares of VMware in a research report on Thursday, November 2nd. Bank of America increased their price target on shares of VMware from $125.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. Nomura initiated coverage on shares of VMware in a research report on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price target on the stock. Citigroup lowered shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price target on the stock. in a research report on Monday, February 5th. Finally, Deutsche Bank increased their price target on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $130.00.
In other news, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total transaction of $327,534.00. Following the completion of the transaction, the chief operating officer now owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total transaction of $2,815,072.40. The disclosure for this sale can be found here. In the last three months, insiders sold 38,726 shares of company stock valued at $4,774,927. 34.40% of the stock is owned by insiders.
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VMware Company Profile
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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