Equities analysts forecast that VMware (NYSE:VMW) will post sales of $1.95 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for VMware’s earnings, with the highest sales estimate coming in at $1.96 billion and the lowest estimate coming in at $1.91 billion. VMware reported sales of $1.74 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that VMware will report full-year sales of $8.65 billion for the current year, with estimates ranging from $7.82 billion to $8.76 billion. For the next year, analysts forecast that the company will post sales of $9.38 billion per share, with estimates ranging from $8.73 billion to $9.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover VMware.
VMware (NYSE:VMW) last announced its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.06. VMware had a net margin of 7.18% and a return on equity of 19.84%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis.
Several research analysts recently weighed in on VMW shares. Jefferies Group reissued a “buy” rating and issued a $171.00 target price on shares of VMware in a research note on Thursday, March 1st. ValuEngine raised shares of VMware from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Robert W. Baird reissued a “buy” rating and issued a $135.00 target price on shares of VMware in a research note on Tuesday, January 30th. Deutsche Bank upped their price objective on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Cowen reaffirmed a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of VMware in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus target price of $131.42.
VMW stock traded up $0.46 during trading on Monday, hitting $136.05. The stock had a trading volume of 2,620,810 shares, compared to its average volume of 2,162,535. VMware has a 1-year low of $85.45 and a 1-year high of $165.00. The company has a market capitalization of $54,747.99, a price-to-earnings ratio of 35.25, a PEG ratio of 2.44 and a beta of 0.73. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.54.
Several large investors have recently modified their holdings of VMW. Coatue Management LLC purchased a new stake in shares of VMware during the 4th quarter worth about $156,584,000. Allianz Asset Management GmbH boosted its holdings in VMware by 3,351.4% in the 4th quarter. Allianz Asset Management GmbH now owns 541,010 shares of the virtualization software provider’s stock worth $67,799,000 after acquiring an additional 525,335 shares during the period. Renaissance Technologies LLC boosted its holdings in VMware by 19.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock worth $332,862,000 after acquiring an additional 441,500 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in VMware by 4,589.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 415,050 shares of the virtualization software provider’s stock worth $52,014,000 after acquiring an additional 406,200 shares during the period. Finally, Fred Alger Management Inc. boosted its holdings in VMware by 54,509.5% in the 4th quarter. Fred Alger Management Inc. now owns 356,054 shares of the virtualization software provider’s stock worth $44,621,000 after acquiring an additional 355,402 shares during the period. Institutional investors and hedge funds own 22.43% of the company’s stock.
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VMware Company Profile
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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