VMware (VMW) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for VMware in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VMW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VMW, but not buy additional shares or sell existing shares.
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4 brokers have issued 1-year target prices for VMware's shares. Their VMW share price forecasts range from $134.00 to $161.00. On average, they expect the company's share price to reach $143.25 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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VMware's stock was trading at $122.76 at the beginning of 2023. Since then, VMW stock has increased by 8.5% and is now trading at $133.19.
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VMware saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,570,000 shares, a decline of 20.2% from the April 30th total of 3,220,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our VMW earnings forecast.

VMware, Inc. (NYSE:VMW) issued its quarterly earnings data on Thursday, June, 1st. The virtualization software provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by $0.06. The virtualization software provider had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.31 billion. VMware had a net margin of 9.57% and a trailing twelve-month return on equity of 213.51%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share.

ETFs with the largest weight of VMware (NYSE:VMW) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB), Invesco Dynamic Networking ETF (PXQ), iShares Cybersecurity and Tech ETF (IHAK), Direxion Daily Cloud Computing Bull 2x (CLDL), Pacer Data and Digital Revolution ETF (TRFK), Fidelity Cloud Computing ETF (FCLD), Direxion Work From Home ETF (WFH) and Capital Link Global Fintech Leaders ETF (KOIN).

2,988 employees have rated VMware Chief Executive Officer Pat Gelsinger on Glassdoor.com. Pat Gelsinger has an approval rating of 94% among the company's employees. This puts Pat Gelsinger in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other VMware investors own include NVIDIA (NVDA), Salesforce (CRM), Alibaba Group (BABA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Walt Disney (DIS), Netflix (NFLX), PayPal (PYPL), Adobe (ADBE) and Micron Technology (MU).

VMware trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMW."

VMware's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dodge & Cox (6.21%), BlackRock Inc. (3.34%), State Street Corp (1.20%), Deutsche Bank AG (1.10%), Geode Capital Management LLC (0.50%) and Arrowstreet Capital Limited Partnership (0.48%). Insiders that own company stock include Amy Fliegelman Olli, Jean Pierre Brulard, Patrick P Gelsinger, Patrick P Gelsinger, Rajiv Ramaswami, Rangarajan (Raghu) Raghuram, Sanjay Poonen, Sumit Dhawan and Zane Rowe.
View institutional ownership trends.

Shares of VMW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VMW stock can currently be purchased for approximately $133.19.

VMware (NYSE:VMW) has a market capitalization of $57.07 billion and generates $13.54 billion in revenue each year. The virtualization software provider earns $1.31 billion in net income (profit) each year or $3.03 on an earnings per share basis.

The company employs 38,300 workers across the globe.

VMware's mailing address is 3401 HILLVIEW AVENUE, PALO ALTO CA, 94304. The official website for the company is www.vmware.com. The virtualization software provider can be reached via phone at (650) 427-5000, via email at ir@vmware.com, or via fax at 650-427-5001.