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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on VMware from $135.00 to $142.50 in a research report on Tuesday, May 31st. Jefferies Financial Group dropped their price target on VMware from $125.00 to $105.00 in a research report on Monday, May 23rd. Piper Sandler lowered VMware from an "overweight" rating to a "neutral" rating and set a $142.50 price target on the stock. in a research report on Thursday, May 26th. Monness Crespi & Hardt dropped their price target on VMware to $136.00 and set a "sector weight" rating on the stock in a research report on Thursday, May 19th. Finally, Raymond James lowered VMware from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 6th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $139.91.

VMware Price Performance

VMW Stock opened at $120.03 on Thursday. VMware has a 1-year low of $91.53 and a 1-year high of $167.83. The business has a fifty day moving average price of $117.54 and a 200-day moving average price of $116.32. The stock has a market capitalization of $50.59 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.03 and a beta of 0.67.

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

Insider Activity at VMware

In related news, EVP Amy Fliegelman Olli sold 18,338 shares of the company's stock in a transaction 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 owns 77,034 shares in the company, valued at $9,629,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other VMware news, EVP Jean Pierre Brulard sold 12,532 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 83,060 shares of the company's stock, valued at $10,853,450.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy Fliegelman Olli sold 18,338 shares of the business's stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $125.00, for a total value of $2,292,250.00. Following the sale, the executive vice president now directly owns 77,034 shares of the company's stock, valued at approximately $9,629,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,369 shares of company stock worth $5,413,470. 40.30% of the stock is owned by insiders.