NYSE:VMW

VMware (VMW) Stock Forecast, Price & News

$166.48

-0.50 (-0.30%)

(As of 09/29/2023 ET)

Compare

Today's Range: $166.22
▼
$168.88
50-Day Range: $154.86
▼
$168.72
52-Week Range: $103.55
▼
$170.19

Volume: 1.23 million shs
Average Volume: 1.74 million shs
Market Capitalization: $71.88 billion

P/E Ratio: 50.30
Dividend Yield: N/A
Price Target: $160.25

VMware MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 3.7% Downside
$160.25 Price Target
Short Interest: Healthy
0.90% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.85
Upright™ Environmental Score
News Sentiment: 0.55
Based on 19 Articles This Week
Insider Trading: Selling Shares
$509,436 Sold Last Quarter
Proj. Earnings Growth: 12.40%
From $4.92 to $5.53 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Computer And Technology Sector

334th out of 603 stocks

Prepackaged Software Industry

106th out of 208 stocks

1.0

Analyst's Opinion

Consensus Rating
VMware has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $160.25, VMware has a forecasted downside of 3.7% from its current price of $166.48.
Amount of Analyst Coverage
VMware has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.90% of the outstanding shares of VMware have been sold short.
Short Interest Ratio / Days to Cover
VMware has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VMware has recently decreased by 17.27%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
VMware does not currently pay a dividend.
Dividend Growth
VMware does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
VMware has received a 29.82% net impact score from Upright. VMware seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Firewall software", "Virtual servers", and "Cloud management tools" products. See details.
Environmental Sustainability
The Environmental Impact score for VMware is -0.85.

2.5

News and Social Media Coverage

News Sentiment
VMware has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for VMware this week, compared to 10 articles on an average week.
Search Interest
Only 6 people have searched for VMW on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
MarketBeat Follows
11 people have added VMware to their MarketBeat watchlist in the last 30 days. This is an increase of 22% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, VMware insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $509,436.00 in company stock.
Percentage Held by Insiders
40.30% of the stock of VMware is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
46.70% of the stock of VMware is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for VMware are expected to grow by 12.40% in the coming year, from $4.92 to $5.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VMware is 50.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of VMware is 50.30, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 240.47.
Price to Book Value per Share Ratio
VMware has a P/B Ratio of 28.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About VMware (NYSE:VMW) Stock

VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds. The company also provides networking solutions, such as VMware NSX, NSX Distributed and Gateway Firewalls, NSX Network Detection and Response Engine, NSX Advanced Load Balancer, Tanzu Service Mesh, HCX, and VMware SASE; security solutions consisting of VMware Carbon Black Endpoint, Workload, and Container; and anywhere workspace solutions comprising Workspace ONE Unified Endpoint Management, Access, Intelligent Hub, Horizon, Mobile Threat Defence, and Digital Employee Experience Management. In addition, it offers application modernization solutions, such as Tanzu Application and Operations Platform, Tanzu Application Service, Tanzu Data Suite, and Tanzu Labs; and cloud management solutions, including VMware Aria Cloud Management, VMware Aria Suite, VMware Aria Universal Suite, and vCloud Suite. The company sells its products through distributors, resellers, system vendors, systems integrators, and contractors. VMware, Inc. has a strategic alliance with Amazon Web Services to build and deliver an integrated hybrid solution. VMware, Inc. was incorporated in 1998 and is headquartered in Palo Alto, California.

VMW Price History

30 days | 90 days | 365 days | Advanced Chart

VMW Stock News Headlines

September 29, 2023 | finance.yahoo.com

Top Rated Tech Stocks to Buy for October

September 28, 2023 | benzinga.com

$100 Invested In VMware 15 Years Ago Would Be Worth This Much Today

September 30, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 28, 2023 | stockhouse.com

VMware Named a Leader in the 2023 Gartner® Magic Quadrant(TM) for Desktop as a Service (DaaS)

September 28, 2023 | finance.yahoo.com

VMware Named a Leader in the 2023 Gartner® Magic Quadrant™ for Desktop as a Service (DaaS)

September 28, 2023 | finance.yahoo.com

VMware Positioned as a Leader in the IDC MarketScape for Worldwide SD-WAN Infrastructure

September 27, 2023 | msn.com

9 Ways to Fix VMware's "Failed to Start the Virtual Machine" Error in Windows 11

September 27, 2023 | finance.yahoo.com

VMware: Finding Treatments for Children With Rare Diseases

September 30, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 26, 2023 | tmcnet.com

ShapeBlue Ltd: Cloud Service Providers Seek VWware Alternatives as Broadcom Acquisition Looms

September 26, 2023 | finance.yahoo.com

ShapeBlue Ltd: Cloud Service Providers Seek VMware Alternatives as Broadcom Acquisition Looms

September 26, 2023 | finance.yahoo.com

Survey Reveals VMware Customers' Top Concerns

September 25, 2023 | barrons.com

VMware Inc.

September 25, 2023 | americanbankingnews.com

Brokerages Set VMware, Inc. (NYSE:VMW) Target Price at $160.25

September 21, 2023 | benzinga.com

A Look Into VMware Inc's Price Over Earnings

September 21, 2023 | finance.yahoo.com

LicenseFortress Unveils Enhanced ArxPlatform to Help Organizations Better Manage VMware Licensing Challenges

September 20, 2023 | businesswire.com

Red Hat and Oracle Expand Collaboration to Bring Red Hat OpenShift to Oracle Cloud Infrastructure

September 20, 2023 | finanznachrichten.de

Ethics in the Age of Generative AI: A Closer Look at the Ethical Principles for VMware's AI

September 20, 2023 | finance.yahoo.com

Ethics in the Age of Generative AI: A Closer Look at the Ethical Principles for VMware’s AI

September 18, 2023 | msn.com

VMware staff reportedly told job cuts may start before Broadcom acquisition

September 14, 2023 | finance.yahoo.com

VMware: Built To Drive Sustainability

September 14, 2023 | businessinsider.com

Leaked email outlines VMware employees' options as the Broadcom acquisition closes

September 13, 2023 | finance.yahoo.com

An Insider Bought Almost $10 Million of this AI Stock: Should You?

September 13, 2023 | finance.yahoo.com

VMware Investors Should Take Stock Option in Broadcom Deal

September 11, 2023 | benzinga.com

$1000 Invested In VMware 15 Years Ago Would Be Worth This Much Today

September 8, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why VMware (VMW) is a Great Choice

September 8, 2023 | finance.yahoo.com

Surging Earnings Estimates Signal Upside for VMware (VMW) Stock

See More Headlines

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VMW Company Calendar

Last Earnings: 8/31/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/28/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: Systems Software
Sector: Computer and Technology
Current Symbol: NYSE:VMW
CUSIP: 92856340
CIK: 1124610
Web: www.vmware.com
Phone: (650) 427-5000
Fax: 650-427-5001
Employees: 38,300
Year Founded: 1998

Price Target and Rating

Average Stock Price Forecast: $160.25
High Stock Price Forecast: $182.00
Low Stock Price Forecast: $134.00
Forecasted Upside/Downside: -3.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.31
Trailing P/E Ratio: 50.30
Forward P/E Ratio: 33.84
P/E Growth: N/A
Net Income: $1.31 billion
Net Margins: 10.48%
Pretax Margin: 13.56%
Return on Equity: 113.34%
Return on Assets: 6.27%

Debt

Debt-to-Equity Ratio: 3.71
Current Ratio: 0.87
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $13.35 billion
Price / Sales: 5.38
Cash Flow: $7.08 per share
Price / Cash Flow: 23.51
Book Value: $5.90 per share
Price / Book: 28.22

Miscellaneous

Outstanding Shares: 431,790,000
Free Float: 257,778,000
Market Cap: $71.88 billion
Optionable: Optionable
Beta: 0.72

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Key Executives

Mr. Rangarajan Raghuram (Age 60)
CEO & Director
Comp: $2.8M

Mr. Sumit Dhawan (Age 48)
Pres
Comp: $1.88M

Ms. Karen E. Dykstra (Age 64)
Exec. VP, CFO & Director
Comp: $160k

Ms. Amy Fliegelman Olli (Age 59)
Exec. VP, Gen. Counsel & Sec.
Comp: $1.25M

Mr. Jean-Pierre Brulard (Age 64)
Exec. VP of Worldwide Sales
Comp: $1.58M

Dr. Scott Devine
Co-Founder & Principal Engineer

Mr. Michael E. Hayes (Age 52)
Sr. VP & COO

Ms. Pebbie Verdecanna (Age 51)
VP of Revenue & Chief Accounting Officer

Mr. Kit Colbert
Chief Technology Officer

Mr. Jason Conyard
Sr. VP & Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VMW Stock - Frequently Asked Questions

Should I buy or sell VMware stock right now?: 4 Wall Street equities 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 equities 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.
View VMW analyst ratings or view top-rated stocks.
What is VMware's stock price forecast for 2023?: 4 Wall Street analysts have issued twelve-month target prices for VMware's stock. Their VMW share price forecasts range from $134.00 to $182.00. On average, they predict the company's stock price to reach $160.25 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for VMW or view top-rated stocks among Wall Street analysts.
How have VMW shares performed in 2023?: VMware's stock was trading at $122.76 at the beginning of 2023. Since then, VMW stock has increased by 35.6% and is now trading at $166.48.
View the best growth stocks for 2023 here.
Are investors shorting VMware?: VMware saw a decline in short interest in September. As of September 15th, there was short interest totaling 3,880,000 shares, a decline of 17.3% from the August 31st total of 4,690,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is currently 2.3 days.
View VMware's Short Interest.
When is VMware's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our VMW earnings forecast.
How were VMware's earnings last quarter?: VMware, Inc. (NYSE:VMW) announced its earnings results on Thursday, August, 31st. The virtualization software provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.12. The virtualization software provider earned $3.41 billion during the quarter, compared to the consensus estimate of $3.45 billion. VMware had a net margin of 10.48% and a trailing twelve-month return on equity of 113.34%. VMware's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share.
What ETFs hold VMware's stock?: ETFs with the largest weight of VMware (NYSE:VMW) stock in their portfolio include Direxion Daily Cloud Computing Bull 2x (CLDL), iShares Cybersecurity and Tech ETF (IHAK), Pacer Data and Digital Revolution ETF (TRFK), ERShares Entrepreneurs ETF (ENTR), Fidelity Cloud Computing ETF (FCLD), Capital Link Global Fintech Leaders ETF (KOIN), Direxion Work From Home ETF (WFH) and AltShares Event-Driven ET (EVNT).
What is Pat Gelsinger's approval rating as VMware's CEO?: 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.

What other stocks do shareholders of VMware own?: 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).
What is VMware's stock symbol?: VMware trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMW."
How do I buy shares of VMware?: 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.
Compare Top Brokerages Here.
What is VMware's stock price today?: One share of VMW stock can currently be purchased for approximately $166.48.
How much money does VMware make?: VMware (NYSE:VMW) has a market capitalization of $71.88 billion and generates $13.35 billion in revenue each year. The virtualization software provider earns $1.31 billion in net income (profit) each year or $3.31 on an earnings per share basis.
How many employees does VMware have?: The company employs 38,300 workers across the globe.
Does VMware have any subsidiaries?: The following companies are subsidiares of VMware: 3401 Hillview LLC, A.W.S. Holding LLC, AetherPal, AetherPal LLC, AirWatch, AirWatch LLC, Akimbi Systems, Apteligent, Arkin, Avi Networks, Avi Networks Germany GmbH, Avi Networks India Private Limited, Avi Networks International Inc., Avi Networks LLC, B-hive Networks, BitRock LLC, Bitfusion.io, Bitnami, Blue Lane Technologies, Boxer, Bracket Computing, Carbon Black, Carbon Black LLC, CloudCoreo, CloudHealth Technologies, CloudHealth Technologies LLC, CloudVelox, CloudVolumes, Datrium, Datrium Holdings Inc., Datrium India Software Private Ltd., Datrium LLC, Desktone, Determina, Digital Fuel, Dunes Technologies, DynamicOps, E8 Security, Emic Networks, GoPivotal Singapore Pte. Limited, Heptio, Immidio, Integrien, Intrinsic, Lastline, Lastline LLC, Mesh7, Nicira Inc., Nicira Networks, Nyansa, Octarine, PLUMgrid, PT VMware Software Indonesia, PacketMotion Inc, Pivotal, Pivotal Labs Sydney Pty Ltd, Pivotal Software Australia Pty Limited, Pivotal Software Inc., Pivotal Technology (Beijing) Co. Ltd., SaltStack, Shavlik Technologies, SlideRocket, Socialcast, Spring, Taiwan VMware Information Technology LLC, Thinstall inc, TriCipher, Uhana, V M WARE EGYPT, VMWARE PHILIPPINES INC., VMware (Thailand) Co. Ltd., VMware AirWatch, VMware Alpha LLC, VMware Argentina S.R.L., VMware Australia Pty Ltd, VMware Belgium, VMware Bermuda Unlimited, VMware Bulgaria EOOD, VMware Canada ULC, VMware Chile SpA, VMware Colombia SAS, VMware Costa Rica Ltda., VMware Denmark ApS, VMware Eastern Europe, VMware France SAS, VMware Global Inc., VMware Hong Kong Limited, VMware Information Technology (China) Co. Ltd, VMware International Marketing Limited, VMware International Spain S.L., VMware International Unlimited Company, VMware Israel Ltd., VMware Italy S.r.l., VMware K.K., VMware Korea Co. Ltd., VMware Malaysia SDN. BHD., VMware Marketing Austria GmbH, VMware Mexico S. de R.L. de C.V., VMware Middle East FZ-LLC, VMware NZ Company, VMware Netherlands B.V., VMware Norway AS, VMware Pembroke Heights Designated Activity Company, VMware Poland sp. Z.o.o., VMware QFC LLC, VMware Rus LLC, VMware SASE, VMware Saudi Limited, VMware Singapore Pte. Ltd., VMware Software India Private Limited, VMware Software e Serviços Brasil Ltda., VMware South Africa (Pty) Ltd, VMware Spain S.L., VMware Sweden AB, VMware Switzerland GmbH, VMware Tanzu Observability, VMware Technology Holdings Limited, VMware Turkey Software Solutions and Services Company Limited, VMware UK Limited, VMware Vietnam Limited Liability Company, VeloCloud, VeloCloud Networks Private Limited, Velocloud Networks LLC, Veriflow, Virsto Software, Wanova, WaveMaker, and Wavefront.
Read More
How can I contact VMware?: 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.

This page (NYSE:VMW) was last updated on 9/30/2023 by MarketBeat.com Staff

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