VMware Company Profile (NYSE:VMW)

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

VMware declared that its board has initiated a share buyback plan on Wednesday, August 16th 2017, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

VMware, Inc. (NYSE:VMW) issued its quarterly earnings data on Thursday, August, 24th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. VMware had a return on equity of 16.08% and a net margin of 17.58%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. View VMware's Earnings History.

VMware is scheduled to release their next quarterly earnings announcement on Thursday, November, 30th 2017. View Earnings Estimates for VMware.

VMware issued an update on its third quarter earnings guidance on Thursday, August, 24th. The company provided earnings per share guidance of $1.25-1.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29. The company issued revenue guidance of $1.93-1.98 billion, compared to the consensus revenue estimate of $1.94 billion.VMware also updated its FY18 guidance to $5.08 EPS.

31 equities research analysts have issued 12 month target prices for VMware's shares. Their forecasts range from $78.00 to $130.00. On average, they expect VMware's share price to reach $113.00 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's strong results can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the last reported quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Further, the company's latest partnership with SAP will help it benefit in the Internet of Things (IoT) market. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis. However, sluggish IT spending as well as intensifying competition from Microsoft and Citrix Systems are the major concerns." (10/16/2017)
• 2. Maxim Group analysts commented, "Impressive bookings trends for the July quarter, likely driven by 62% y/y ELA bookings growth. Color on drivers and our own checks make us believe most of the momentum is DELL-driven." (8/25/2017)
• 3. Evercore ISI analysts commented, "We will update our model and our price target following VMware’s earnings call on August 24 th ." (8/18/2017)
• 4. 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)

Some companies that are related to VMware include Accenture PLC (ACN), Automatic Data Processing (ADP), Cognizant Technology Solutions Corporation (CTSH), NetEase (NTES), Infosys Limited (INFY), Wipro Limited (WIT), CGI Group (GIB), Palo Alto Networks (PANW), Total System Services (TSS), Gartner (IT), VeriSign (VRSN), CDW Corporation (CDW), Amdocs Limited (DOX), Akamai Technologies (AKAM), Jack Henry & Associates (JKHY), F5 Networks (FFIV), Fortinet (FTNT) and LogMein (LOGM).

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
• Amy Fliegelman Olli, Senior Vice President, General Counsel
• 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

VMware's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include SILVER LAKE GROUP, L.L.C. (81.40%), DELL TECHNOLOGIES INC (81.40%), SILVER LAKE GROUP, L.L.C. (81.50%), DELL TECHNOLOGIES INC (81.50%), Robeco Institutional Asset Management B.V. (0.28%) and PGGM Investments (0.04%). Company insiders that own VMware stock include Egon Durban, Maurizio Carli, P Kevan Krysler, Rajiv Ramaswami, S Dawn Smith, Sanjay Poonen and Zane Rowe. View Institutional Ownership Trends for VMware.

VMware's stock was sold by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A. and Sumitomo Life Insurance Co.. Company insiders that have sold VMware stock in the last year include Egon Durban, Maurizio Carli, P Kevan Krysler, Rajiv Ramaswami, Sanjay Poonen and Zane Rowe. View Insider Buying and Selling for VMware.

VMware's stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments and BerganKDV Wealth Management LLC. 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 $118.34.