VMware, Inc. provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement. It also provides software-defined data center suites, including VMware vCloud suite, vSphere with Operations Management, and VMware vRealize suite for building and managing a cloud infrastructure for use with the vSphere platform. In addition, the company offers VMware Cloud Foundation, a platform that brings together its compute, storage, and networking technologies into a natively integrated stack that delivers enterprise-ready cloud infrastructure for private and public clouds; and VMware Pulse IoT Center, an Internet of Things device management and monitoring solution. Further, it provides hybrid cloud computing solutions, such as VMware Cloud Provider Program, Hybrid VMware Cloud Foundation, and VMware Cloud Services; and end-user computing solutions that enable customers to securely deliver access to applications and data for their end users from various devices. 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, Inc. is a subsidiary of Dell Technologies Inc.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Phone650-427-5000
Debt
Current Ratio3.04
Quick Ratio3.04
Price-To-Earnings
Sales & Book Value
Annual Sales$7.92 billion
Price / Sales7.61
Price / Cash Flow30.64
Price / Book7.64
Profitability
Net Income$570 million
Net Margins17.03%
Return on Assets8.44%
Miscellaneous
Employees21,700
OptionableOptionable
VMware (NYSE:VMW) Frequently Asked Questions
What is VMware's stock symbol?
VMware trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMW."
How often does VMware pay dividends? What is the dividend yield for VMware?
VMware declared a dividend on Tuesday, December 11th. Shareholders of record on Thursday, December 27th will be paid a dividend of $26.81 per share on Friday, December 28th. The ex-dividend date of this dividend is Monday, December 31st. View VMware's Dividend History.
How will VMware's stock buyback program work?
VMware declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 16th 2017, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.
How were VMware's earnings last quarter?
VMware, Inc. (NYSE:VMW) announced its quarterly earnings results on Thursday, November, 29th. The virtualization software provider reported $1.56 EPS for the quarter, beating the Zacks' consensus estimate of $1.14 by $0.42. The virtualization software provider had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.17 billion. VMware had a return on equity of 19.62% and a net margin of 17.03%. The company's revenue was up 13.5% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share. View VMware's Earnings History.
When is VMware's next earnings date?
What guidance has VMware issued on next quarter's earnings?
VMware updated its FY19 earnings guidance on Thursday, November, 29th. The company provided earnings per share (EPS) guidance of approx $6.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.17. The company issued revenue guidance of approx $8.882 billion, compared to the consensus revenue estimate of $8.83 billion.VMware also updated its FY 2019 guidance to $6.22-6.22 EPS.
What price target have analysts set for VMW?
25 equities research analysts have issued 1 year price targets for VMware's shares. Their predictions range from $125.00 to $200.00. On average, they anticipate VMware's share price to reach $167.6818 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Price Targets for VMware.
What is the consensus analysts' recommendation for VMware?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VMware in the last year. There are currently 1 sell rating, 9 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for VMware.
What are Wall Street analysts saying about VMware stock?
Here are some recent quotes from research analysts about VMware stock:
- 1. According to Zacks Investment Research, "VMware reported impressive third-quarter fiscal 2019 results. Both earnings and revenues increased on a year-over-year basis. Strong top-line growth was primarily driven by robust performance from NSX and vSAN product line. Management raised fiscal 2019 guidance. VMware has been consistently taking initiatives to diversify its product portfolio to include most of the IT infrastructure. The company’s dominance in software-defined data center (SDDC) along with expanding customer base in cloud driven by partnerships with the likes of IBM and AWS is positive. Moreover, continuing enterprise deal wins will drive growth in the long haul. Shares have outperformed the industry on a year-to-date basis. Nevertheless, VMware’s margins are expected to be dragged down due to heavy spending. Intensifying competition is also a concern." (12/6/2018)
- 2. KeyCorp analysts commented, "Jul Q license revenue beats consensus by 17%, but highlight of the quarter is EAA signed with AMZN, in our view. Oct Q revenue guidance slightly above consensus and FY19 revenue guidance increased, though OM guidance maintained. On raised FY20 estimates, raising our DCF-based 12-month price target to $133, from $126; continue to view SPLK as a secular Buy." (8/24/2018)
- 3. Maxim Group analysts commented, "Another strong seasonal performance drives above-guidance results. October quarter (F3Q19) license revenue guidance beats consensus by ~2% and FY19 guidance raised across the board. We raise our price target to $150, from $142, in accordance with raised guidance, but maintain our Hold rating as we see a period of beats and raises coming to a close, benefits from DELL channel tapering, and MSFT better positioned long-term." (8/24/2018)
- 4. Robert W. Baird analysts commented, "We view a reverse merger as a low probability risk and continue to remain positive on VMware fundamentals." (6/1/2018)
- 5. Mizuho analysts commented, "We remain on the sidelines given our view of full valuation and limited likelihood of significant upside to estimates. Additionally, the uncertainty from Dell’s strategic review process will likely keep weighing on the stock." (5/24/2018)
Has VMware been receiving favorable news coverage?
Headlines about VMW stock have been trending positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. VMware earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned media stories about the virtualization software provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
Who are some of VMware's key competitors?
Some companies that are related to VMware include Oracle (ORCL), SAP (SAP), Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Activision Blizzard (ATVI), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), CA (CA), Splunk (SPLK), Check Point Software Technologies (CHKP) and Shopify (SHOP).
Who are VMware's key executives?
VMware's management team includes the folowing people:
- Mr. Patrick P. Gelsinger, CEO & Director (Age 58)
- Mr. Zane C. Rowe, CFO & Exec. VP (Age 48)
- Mr. Maurizio Carli, Exec. VP of Worldwide Sales & Services (Age 60)
- Mr. Rangarajan Raghuram, Chief Operating Officer of Products & Cloud Services (Age 56)
- Mr. Sanjay J. Poonen, Chief Operating Officer of Customer Operations (Age 49)
Who are VMware's major shareholders?
VMware's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.01%), Contravisory Investment Management Inc. (0.01%), DNB Asset Management AS (0.00%), Gulf International Bank UK Ltd (0.00%), State of Alaska Department of Revenue (0.00%) and First Citizens Bank & Trust Co. (0.00%). Company insiders that own VMware stock include Amy Fliegelman Olli, Egon Durban, Maurizio Carli, Michael W Brown, P Kevan Krysler, Patrick P Gelsinger, Rajiv Ramaswami, Rangarajan (Raghu) Raghuram, Sanjay Poonen and Zane Rowe. View Institutional Ownership Trends for VMware.
Which major investors are selling VMware stock?
VMW stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, Contravisory Investment Management Inc., Columbus Macro LLC, First Citizens Bank & Trust Co. and Altfest L J & Co. Inc.. Company insiders that have sold VMware company stock in the last year include Amy Fliegelman Olli, Maurizio Carli, Michael W Brown, P Kevan Krysler, Patrick P Gelsinger, Rajiv Ramaswami, Rangarajan (Raghu) Raghuram, Sanjay Poonen and Zane Rowe. View Insider Buying and Selling for VMware.
Which major investors are buying VMware stock?
VMW stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Ipswich Investment Management Co. Inc., State of Alaska Department of Revenue, Biltmore Wealth Management LLC and Gateway Investment Advisers LLC. View Insider Buying and Selling for VMware.
How do I buy shares of VMware?
Shares of VMW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is VMware's stock price today?
One share of VMW stock can currently be purchased for approximately $147.12.
How big of a company is VMware?
VMware has a market capitalization of $60.13 billion and generates $7.92 billion in revenue each year. The virtualization software provider earns $570 million in net income (profit) each year or $3.86 on an earnings per share basis. VMware employs 21,700 workers across the globe.
What is VMware's official website?
How can I contact VMware?
VMware's mailing address is 3401 HILLVIEW AVENUE, PALO ALTO CA, 94304. The virtualization software provider can be reached via phone at 650-427-5000 or via email at [email protected]
MarketBeat Community Rating for VMware (NYSE VMW)
MarketBeat's community ratings are surveys of what our community members think about VMware and other stocks. Vote "Outperform" if you believe VMW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VMW will underperform the S&P 500 over the long term. You may vote once every thirty days.
