Vmware Company Profile (NYSE:VMW)

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

Vmware declared that its Board of Directors has initiated a stock repurchase plan on Saturday, April 8th 2017, which permits the company to buyback $1,200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Vmware, Inc. (NYSE:VMW) posted its quarterly earnings results on Thursday, June, 1st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The company earned $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. Vmware's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. View Vmware's Earnings History.

Vmware is scheduled to release their next quarterly earnings announcement on Thursday, August, 24th 2017. View Earnings Estimates for Vmware.

Vmware issued an update on its second quarter earnings guidance on Thursday, June, 1st. The company provided EPS guidance of $1.11-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10. Vmware also updated its FY18 guidance to ~$4.91 EPS.

35 analysts have issued 12 month price targets for Vmware's shares. Their forecasts range from $60.00 to $115.00. On average, they expect Vmware's stock price to reach $94.62 in the next year. View Analyst Ratings for Vmware.

Here are some recent quotes from research analysts about Vmware stock:

• 1. Maxim Group analysts commented, "2% above midpoint guidance results largely driven by strong renewal performance. Inclined to believe well-above seasonal Q2 guidance a result of subpar month of January performance, given implied guidance for Q3 & Q4 call for decelerating y/y revenue growth as year ago compares become more difficult. Maintain Hold rating as progress on management tools disappoint; the key to believing VMW has returned to secular growth (next page)." (6/2/2017)
• 2. According to Zacks Investment Research, "VMware’s revenues continue to register strong growth driven by its innovative product offerings like NSX, AirWatch, vSphere and vSAN. The company continues to benefit from its strength in the virtualization and hybrid cloud market. Its innovative product pipeline, strategic partnerships, frequent contract wins and robust international sales are expected to drive overall results. Its newer offerings are allowing it to offset the persisting weakness in its core business. In the past one year, we note that the company has outperformed the broader market driven by these factors. However lackluster IT spending and mounting competition are the headwinds." (5/30/2017)
• 3. Drexel Hamilton analysts commented, "VMware delivered a better than expected 4Q:16 and we are pleased with the outlook for FY:18. Moreover, VMware authorized an additional $1.2 billion stock repurchase program. As such, we are raising our price target to $105.00 from $90.00 and reiterate our BUY rating." (1/27/2017)
• 4. Robert W. Baird analysts commented, "VMware posted a good Q4 and F18 guide. The company is clearly less reliant on vSphere than in previous years given momentum in other areas of the portfolio, its public cloud strategy is actually beginning to make sense, and we believe Dell has a better chance of driving revenue synergies than EMC. We continue to look for an opportunity to get more constructive on the shares." (1/27/2017)
• 5. Jefferies Group LLC analysts commented, "Midway through an earnings season when many infrastructure software companies either reported soft results, guidance, or both, VMW reported one of its best quarters in years and gave very strong guidance that easily exceeded expectations. Balanced results were driven by outperformance in compute, continued strength in NSX and VSAN, an improving EUC business, and tailwinds from the ELA cycle'." (1/27/2017)

Some companies that are related to Vmware include Automatic Data Processing (ADP), NetEase (NTES), Cognizant Technology Solutions Corporation (CTSH), Infosys Limited (INFY), Wipro Limited (WIT), CGI Group (GIB), Palo Alto Networks (PANW), Gartner (IT), Total System Services (TSS), CDW Corporation (CDW), VeriSign (VRSN), Amdocs Limited (DOX), Akamai Technologies (AKAM), F5 Networks (FFIV), Fortinet (FTNT), LogMein (LOGM), CSRA (CSRA) and Booz Allen Hamilton Holding Corporation (BAH).

Vmware's management team includes the folowing people:

• Michael S. Dell, Chairman of the Board
• Patrick P. Gelsinger, Chief Executive Officer, Director
• Zane C. Rowe, Chief Financial Officer, Executive Vice President
• Maurizio Carli, Executive Vice President - Worldwide Sales
• S. Dawn Smith, Senior Vice President, Secretary, Chief Legal Officer
• Sanjay Poonen, Chief Operating Officer - Customer Operations
• Rangarajan Raghuram, Chief Operating Officer - Products and Cloud Services
• Rajiv Ramaswami Ph.D., Chief Operating Officer - Products and Cloud Services
• Paul L. Sagan, Lead Independent Director
• Egon P. Durban, Director

Vmware's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include DELL TECHNOLOGIES INC (82.10%), DELL TECHNOLOGIES INC (82.20%), SILVER LAKE GROUP, L.L.C. (82.20%), SILVER LAKE GROUP, L.L.C. (81.80%), DELL TECHNOLOGIES INC (81.80%) and BlackRock Inc. (1.25%). Company insiders that own Vmware stock include Egon Durban, Maurizio Carli, P Kevan Krysler, S Dawn Smith and Sanjay Poonen. View Institutional Ownership Trends for Vmware.

Vmware's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Alliancebernstein L.P., BNP Paribas Arbitrage SA, TIAA CREF Investment Management LLC, Sumitomo Mitsui Asset Management Company LTD, Piedmont Investment Advisors LLC, UBS Oconnor LLC and Russell Investments Group Ltd.. Company insiders that have sold Vmware stock in the last year include Egon Durban, Maurizio Carli, P Kevan Krysler, S Dawn Smith and Sanjay Poonen. View Insider Buying and Selling for Vmware.

Vmware's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Old Mutual Global Investors UK Ltd., Wells Fargo & Company MN, Renaissance Technologies LLC, Vanguard Group Inc., Mackenzie Financial Corp, APG Asset Management N.V. and Bank of America Corp DE. View Insider Buying and Selling for Vmware.

Shares of Vmware can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Vmware stock can currently be purchased for approximately $90.92.