VMware - VMW Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VMware in the last year. There are currently 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VMW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VMW, but not buy additional shares or sell existing shares.
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7 analysts have issued 12-month price targets for VMware's stock. Their VMW share price forecasts range from $105.00 to $147.00. On average, they anticipate the company's share price to reach $135.88 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
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VMware's stock was trading at $122.76 at the beginning of 2023. Since then, VMW stock has increased by 0.2% and is now trading at $122.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
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VMware, Inc. (NYSE:VMW) released its quarterly earnings data on Tuesday, November, 23rd. The virtualization software provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.18. The virtualization software provider had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.12 billion. VMware had a trailing twelve-month return on equity of 949.34% and a net margin of 9.84%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share.

ETFs with the largest weight of VMware (NYSE:VMW) stock in their portfolio include Invesco Dynamic Networking ETF (PXQ), Direxion Daily Cloud Computing Bull 2x (CLDL), iShares Cybersecurity and Tech ETF (IHAK), AltShares Merger Arbitrage ETF (ARB), Pacer Data and Digital Revolution ETF (TRFK), Direxion Work From Home ETF (WFH), ERShares Entrepreneurs ETF (ENTR) and Fidelity Cloud Computing ETF (FCLD).

2,988 employees have rated VMware Chief Executive Officer Pat Gelsinger on Glassdoor.com. Pat Gelsinger has an approval rating of 94% among the company's employees. This puts Pat Gelsinger in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other VMware investors own include NVIDIA (NVDA), Salesforce (CRM), Alibaba Group (BABA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Walt Disney (DIS), Netflix (NFLX), PayPal (PYPL), Adobe (ADBE) and Micron Technology (MU).

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

VMware's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Deutsche Bank AG (0.86%), Morgan Stanley (0.62%), Geode Capital Management LLC (0.49%), Arrowstreet Capital Limited Partnership (0.46%), Norges Bank (0.36%) and Nordea Investment Management AB (0.35%). Insiders that own company stock include Amy Fliegelman Olli, Jean Pierre Brulard, Patrick P Gelsinger, Patrick P Gelsinger, Rajiv Ramaswami, Rangarajan (Raghu) Raghuram, Sanjay Poonen, Sumit Dhawan and Zane Rowe.
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Shares of VMW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VMW stock can currently be purchased for approximately $122.98.

VMware (NYSE:VMW) has a market capitalization of $52.32 billion and generates $13.35 billion in revenue each year. The virtualization software provider earns $1.31 billion in net income (profit) each year or $3.08 on an earnings per share basis.

The company employs 37,500 workers across the globe.

VMware's mailing address is 3401 HILLVIEW AVENUE, PALO ALTO CA, 94304. The official website for the company is www.vmware.com. The virtualization software provider can be reached via phone at (650) 427-5000, via email at ir@vmware.com, or via fax at 650-427-5001.