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 Analysts Forecast Growth

Several research analysts have issued reports on VMW shares. Royal Bank of Canada cut shares of VMware from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 26th. Mizuho raised their price objective on VMware to $138.00 in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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 report on Thursday, May 26th. Finally, Jefferies Financial Group decreased their target price on shares of VMware from $125.00 to $105.00 in a research report on Monday, May 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $139.91.

VMware Stock Up 0.2 %

Shares of NYSE:VMW traded up $0.25 during midday trading on Friday, reaching $117.25. 1,774,201 shares of the stock were exchanged, compared to its average volume of 1,208,434. The firm has a market cap of $49.42 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 1.03 and a beta of 0.67. The firm has a 50-day simple moving average of $118.02 and a two-hundred day simple moving average of $116.42. VMware has a twelve month low of $91.53 and a twelve month high of $167.83.

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

Insider Activity at VMware

In other VMware news, EVP Amy Fliegelman Olli sold 18,338 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The stock was 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 directly owns 77,034 shares in the company, valued at approximately $9,629,250. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Jean Pierre Brulard sold 12,532 shares of VMware stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $130.67, for a total transaction of $1,637,556.44. Following the sale, the executive vice president now owns 83,060 shares of the company's stock, valued at approximately $10,853,450.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Fliegelman Olli sold 18,338 shares of VMware stock in a transaction that occurred 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 approximately $9,629,250. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,369 shares of company stock valued at $5,413,470. 40.30% of the stock is owned by corporate insiders.