VMware - VMW Stock Forecast, Price & News

VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital 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; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-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, and VMware SASE; security solutions consisting of VMware Carbon Black Endpoint, Workload, and Container; and digital workspace solutions comprising Workspace ONE Unified Endpoint Management, Access, Intelligent Hub, and Horizon. In addition, it offers application modernization solutions, such as Tanzu Application and Operations Platform, Tanzu Application Service Platform, Tanzu Observability, Tanzu Community Edition, and Tanzu Labs; and cloud management solutions, including vRealize Cloud Management, vCloud Suite, and CloudHealth by VMware Suite. The company sells its products through distributors, resellers, system vendors, and systems integrators. VMware, Inc. has a strategic alliance with Amazon Web Services to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on VMware from $135.00 to $142.50 in a report on Tuesday, May 31st. Piper Sandler downgraded shares of VMware from an "overweight" rating to a "neutral" rating and set a $142.50 price objective on the stock. in a research note on Thursday, May 26th. Raymond James downgraded shares of VMware from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 6th. Royal Bank of Canada downgraded shares of VMware from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 26th. Finally, Monness Crespi & Hardt lowered their price objective on shares of VMware to $136.00 and set a "sector weight" rating on the stock in a research note on Thursday, May 19th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $139.91.

VMware Stock Performance

Shares of NYSE:VMW opened at $117.25 on Friday. The stock has a market cap of $49.42 billion, a PE ratio of 30.30, a PEG ratio of 1.03 and a beta of 0.67. The business has a fifty day moving average of $118.02 and a two-hundred day moving average of $116.42. VMware has a 52-week low of $91.53 and a 52-week high of $167.83.

VMware (NYSE:VMW - Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The virtualization software provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.31). The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.19 billion. VMware had a net margin of 12.65% and a return on equity of 41.24%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. Analysts predict that VMware will post 4.55 earnings per share for the current year.

Insider Buying and Selling at VMware

In other VMware news, CFO Zane Rowe sold 9,148 shares of VMware stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $129.05, for a total transaction of $1,180,549.40. Following the completion of the transaction, the chief financial officer now directly owns 189,117 shares of the company's stock, valued at $24,405,548.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Zane Rowe sold 9,148 shares of VMware stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $129.05, for a total value of $1,180,549.40. Following the completion of the transaction, the chief financial officer now directly owns 189,117 shares of the company's stock, valued at $24,405,548.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jean Pierre Brulard sold 12,532 shares of VMware stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $130.67, for a total value of $1,637,556.44. Following the completion of the transaction, the executive vice president now directly owns 83,060 shares of the company's stock, valued at $10,853,450.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,369 shares of company stock valued at $5,413,470. 40.30% of the stock is currently owned by company insiders.