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 Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada cut VMware from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 26th. Deutsche Bank Aktiengesellschaft lifted their target price on VMware from $135.00 to $142.50 in a research note on Tuesday, May 31st. StockNews.com cut VMware from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 27th. Piper Sandler cut VMware from an "overweight" rating to a "neutral" rating and set a $142.50 target price for the company. in a research note on Thursday, May 26th. Finally, Mizuho lifted their target price on VMware to $138.00 in a research note on Friday, May 27th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $139.91.

VMware Price Performance

Shares of VMware stock opened at $120.11 on Friday. The firm has a market cap of $50.62 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.67. The stock's 50-day moving average is $117.36 and its 200-day moving average is $116.34. VMware has a one year low of $91.53 and a one year high of $167.83.

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

Insider Buying and Selling

In other news, EVP Jean Pierre Brulard sold 12,532 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total value of $1,637,556.44. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Amy Fliegelman Olli sold 18,338 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $125.00, for a total value of $2,292,250.00. Following the completion of the transaction, the executive vice president now directly owns 77,034 shares in the company, valued at approximately $9,629,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jean Pierre Brulard sold 12,532 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $130.67, for a total value of $1,637,556.44. Following the completion of the transaction, the executive vice president now owns 83,060 shares of the company's stock, valued at $10,853,450.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,369 shares of company stock worth $5,413,470. Corporate insiders own 40.30% of the company's stock.