Vmware Company Profile (NYSE:VMW)

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

Vmware announced that its board has approved a stock repurchase plan on Wednesday, August 16th 2017, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Vmware, Inc. (NYSE:VMW) released its quarterly earnings data on Thursday, August, 24th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.15 by $0.04. The business earned $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. View Vmware's Earnings History.

Vmware is scheduled to release their next quarterly earnings announcement on Thursday, November, 30th 2017. View Earnings Estimates for Vmware.

Vmware issued an update on its third quarter earnings guidance on Thursday, August, 24th. The company provided EPS guidance of $1.25-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.29. The company issued revenue guidance of $1.93-1.98 billion, compared to the consensus revenue estimate of $1.94 billion.Vmware also updated its FY18 guidance to $5.08 EPS.

30 brokerages have issued 12 month target prices for Vmware's stock. Their forecasts range from $78.00 to $130.00. On average, they expect Vmware's share price to reach $112.65 in the next twelve months. View Analyst Ratings for Vmware.

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

• 1. According to Zacks Investment Research, "VMware reported impressive second-quarter fiscal 2018 results. Both earnings and revenues beat the Zacks Consensus Estimates. The strong top-line growth can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis." (9/4/2017)
• 2. Maxim Group analysts commented, "Impressive bookings trends for the July quarter, likely driven by 62% y/y ELA bookings growth. Color on drivers and our own checks make us believe most of the momentum is DELL-driven." (8/25/2017)
• 3. Evercore ISI analysts commented, "We will update our model and our price target following VMware’s earnings call on August 24 th ." (8/18/2017)
• 4. 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)
• 5. 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)

Vmware saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 25,279,609 shares, an increase of 4.5% from the July 14th total of 24,193,808 shares. Based on an average trading volume of 1,325,152 shares, the days-to-cover ratio is presently 19.1 days. Approximately 36.7% of the company's stock are short sold.

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

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
• Amy Fliegelman Olli, Senior Vice President, General Counsel
• S. Dawn Smith, Senior Vice President, Secretary, Chief Legal Officer
• Claire Dixon, Senior Vice President and Chief Communications 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

Vmware's stock is owned by many different of retail and institutional investors. Top institutional shareholders include SILVER LAKE GROUP, L.L.C. (81.40%), DELL TECHNOLOGIES INC (81.40%), SILVER LAKE GROUP, L.L.C. (81.50%), DELL TECHNOLOGIES INC (81.50%), Dodge & Cox (2.21%) and Cisco Systems Inc. (1.06%). Company insiders that own Vmware stock include Egon Durban, Maurizio Carli, P Kevan Krysler, Rajiv Ramaswami, S Dawn Smith, Sanjay Poonen and Zane Rowe. View Institutional Ownership Trends for Vmware.

Vmware's stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, TIAA CREF Investment Management LLC, Orbis Allan Gray Ltd, Vanguard Group Inc., Dodge & Cox, Korea Investment CORP, Piedmont Investment Advisors LLC and New York State Common Retirement Fund. Company insiders that have sold Vmware stock in the last year include Egon Durban, Maurizio Carli, P Kevan Krysler, Rajiv Ramaswami, Sanjay Poonen and Zane Rowe. View Insider Buying and Selling for Vmware.

Vmware's stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Voya Investment Management LLC, Arrowstreet Capital Limited Partnership, Koch Industries Inc., Old Mutual Global Investors UK Ltd., Royal Bank of Canada, Balyasny Asset Management LLC and JPMorgan Chase & Co.. 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 $110.13.