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.

VMware Price Performance

VMware stock opened at $122.44 on Friday. The firm's 50 day moving average price is $116.35 and its 200-day moving average price is $116.19. VMware has a 1 year low of $91.53 and a 1 year high of $167.83. The stock has a market cap of $51.60 billion, a P/E ratio of 31.64, a PEG ratio of 1.08 and a beta of 0.67.

VMware (NYSE:VMW - Get Rating) last posted its 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). VMware had a net margin of 12.65% and a return on equity of 41.24%. The business had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same period last year, the business posted $1.24 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that VMware will post 4.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VMW shares. StockNews.com downgraded shares of VMware from a "strong-buy" rating to a "buy" rating in a report on Friday, May 27th. Royal Bank of Canada downgraded shares of VMware from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 26th. Jefferies Financial Group dropped their price target on shares of VMware from $125.00 to $105.00 in a report on Monday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of VMware from $135.00 to $142.50 in a report on Tuesday, May 31st. Finally, Monness Crespi & Hardt dropped their price target on shares of VMware to $136.00 and set a "sector weight" rating on the stock in a report on Thursday, May 19th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $139.91.

Insider Activity at VMware

In other VMware news, EVP Jean Pierre Brulard sold 12,532 shares of VMware stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 83,060 shares of the company's stock, valued at $10,853,450.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other VMware news, EVP Jean Pierre Brulard sold 12,532 shares of VMware stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 83,060 shares of the company's stock, valued at $10,853,450.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Fliegelman Olli sold 18,338 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 77,034 shares of the company's stock, valued at $9,629,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,369 shares of company stock valued at $5,413,470. 40.30% of the stock is owned by corporate insiders.