Vmware Company Profile (NYSE:VMW)

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

Vmware announced that its Board of Directors has initiated a stock buyback plan on Saturday, April 8th 2017, which authorizes the company to repurchase $1,200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Vmware, Inc. (NYSE:VMW) released its quarterly earnings results on Thursday, June, 1st. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.95 by $0.04. The firm earned $1.74 billion during the quarter, compared to analysts' expectations of $1.71 billion. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The company's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. 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 updated its second quarter earnings guidance on Thursday, June, 1st. The company provided earnings per share guidance of $1.11-1.14 for the period, compared to the Thomson Reuters consensus estimate of $1.10. Vmware also updated its FY18 guidance to ~$4.91 EPS.

33 equities research analysts have issued 1 year price objectives for Vmware's shares. Their predictions range from $67.00 to $115.00. On average, they anticipate Vmware's share price to reach $97.50 in the next year. View Analyst Ratings for Vmware.

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

• 1. According to Zacks Investment Research, "VMware has outperformed the  S&P 500 index on a year-to-date basis. The company continues to benefit from robust performance of its product offerings like NSX, AirWatch, vSphere and vSAN. The company's innovative product pipeline, strategic partnerships, frequent contract wins and robust international sales are expected to drive overall results.  We believe that the impressive first-quarter results and positive fiscal year guidance (up from the previous guidance) driven by expanding product portfolio, partnerships and continuing enterprise deal wins will help the stock maintain momentum in the rest of fiscal 2018. However lackluster IT spending and mounting competition are the headwinds." (7/13/2017)
• 2. 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)
• 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), Cognizant Technology Solutions Corporation (CTSH), NetEase (NTES), Infosys Ltd (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), Jack Henry & Associates (JKHY), Fortinet (FTNT), LogMein (LOGM) and CSRA (CSRA).

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
• 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
• Paul L. Sagan, Lead Independent Director

Vmware's stock is owned by many different of retail and institutional investors. Top institutional investors include SILVER LAKE GROUP, L.L.C. (81.80%), DELL TECHNOLOGIES INC (81.80%), DnB Asset Management AS (0.18%), APG Asset Management N.V. (0.12%), NN Investment Partners Holdings N.V. (0.11%) and First Quadrant L P CA (0.07%). Company insiders that own Vmware stock include Egon Durban, Maurizio Carli, P Kevan Krysler, Rajiv Ramaswami, 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 First Quadrant L P CA, Winslow Evans & Crocker Inc., Creative Planning and CENTRAL TRUST Co. Company insiders that have sold Vmware stock in the last year include Egon Durban, Maurizio Carli, P Kevan Krysler, Rajiv Ramaswami, S Dawn Smith and Sanjay Poonen. View Insider Buying and Selling for Vmware.

Vmware's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Ardevora Asset Management LLP, Polianta Ltd, Cascade Investment Advisors Inc., Livforsakringsbolaget Skandia Omsesidigt, Mn Services Vermogensbeheer B.V., Assenagon Asset Management S.A. and Wright Investors Service Inc.. 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 $92.54.