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.

VMware Stock Up 1.5 %

VMW Stock traded up $1.85 during midday trading on Friday, reaching $121.96. The company's stock had a trading volume of 1,165,415 shares, compared to its average volume of 1,210,096. The business's 50-day simple moving average is $116.92 and its 200-day simple moving average is $116.26. The stock has a market cap of $51.40 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.67. VMware has a 52 week low of $91.53 and a 52 week high of $167.83.

VMware (NYSE:VMW - Get Rating) last released its quarterly earnings data on Thursday, May 26th. The virtualization software provider reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.31). The company had revenue of $3.09 billion during 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 company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. As a group, equities analysts forecast that VMware will post 4.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VMW shares. Royal Bank of Canada lowered VMware from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 26th. Jefferies Financial Group cut their target price on VMware from $125.00 to $105.00 in a research note on Monday, May 23rd. Monness Crespi & Hardt decreased their price target on shares of VMware to $136.00 and set a "sector weight" rating on the stock in a research note on Thursday, May 19th. StockNews.com lowered shares of VMware from a "strong-buy" rating to a "buy" rating in a report on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of VMware from $135.00 to $142.50 in a report on Tuesday, May 31st. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $139.91.

Insider Transactions at VMware

In other VMware news, EVP Amy Fliegelman Olli sold 18,338 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $125.00, for a total value of $2,292,250.00. Following the completion of the sale, the executive vice president now directly owns 77,034 shares in the company, valued at $9,629,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Amy Fliegelman Olli sold 18,338 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $125.00, for a total transaction of $2,292,250.00. Following the completion of the sale, the executive vice president now owns 77,034 shares of the company's stock, valued at $9,629,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jean Pierre Brulard sold 12,532 shares of the company's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total transaction 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. Insiders have sold a total of 42,369 shares of company stock valued at $5,413,470 over the last three months. 40.30% of the stock is currently owned by corporate insiders.