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

VMW opened at $116.56 on Wednesday. The stock has a market cap of $49.12 billion, a P/E ratio of 30.12, a P/E/G ratio of 1.03 and a beta of 0.67. The stock's 50 day simple moving average is $117.54 and its 200 day simple moving average is $116.32. VMware has a 1-year low of $91.53 and a 1-year high of $167.83.

VMware (NYSE:VMW - Get Rating) last released its quarterly 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). The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.19 billion. VMware had a return on equity of 41.24% and a net margin of 12.65%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. Research analysts expect that VMware will post 4.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank of Canada downgraded VMware from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 26th. Deutsche Bank Aktiengesellschaft upped their price objective on VMware from $135.00 to $142.50 in a research note on Tuesday, May 31st. Raymond James downgraded VMware from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 6th. Monness Crespi & Hardt reduced their price objective on VMware to $136.00 and set a "sector weight" rating for the company in a research note on Thursday, May 19th. Finally, Jefferies Financial Group reduced their price objective on VMware from $125.00 to $105.00 in a research note on Monday, May 23rd. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $139.91.

Insider Buying and Selling

In other VMware news, CFO Zane Rowe sold 9,148 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $129.05, for a total transaction of $1,180,549.40. Following the sale, the chief financial officer now owns 189,117 shares in the company, valued at approximately $24,405,548.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Amy Fliegelman Olli sold 18,338 shares of the firm's stock in a transaction dated 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 directly owns 77,034 shares in the company, valued at $9,629,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 9,148 shares of VMware stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $129.05, for a total value of $1,180,549.40. Following the completion of the transaction, the chief financial officer now owns 189,117 shares of the company's stock, valued at $24,405,548.85. The disclosure for this sale can be found here. Insiders have sold a total of 42,369 shares of company stock worth $5,413,470 in the last quarter. Company insiders own 40.30% of the company's stock.