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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VMW shares. StockNews.com lowered shares of VMware from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 27th. Monness Crespi & Hardt decreased their price objective on VMware to $136.00 and set a "sector weight" rating on the stock in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on VMware from $135.00 to $142.50 in a research report on Tuesday, May 31st. Raymond James downgraded VMware from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 6th. Finally, Mizuho lifted their price target on VMware to $138.00 in a report on Friday, May 27th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, VMware has a consensus rating of "Hold" and a consensus price target of $139.91.

VMware Trading Up 1.5 %

NYSE:VMW traded up $1.85 during trading hours on Friday, hitting $121.96. The stock had a trading volume of 1,165,415 shares, compared to its average volume of 1,210,096. The company has a market cap of $51.40 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. The business has a 50 day simple moving average of $116.92 and a two-hundred day simple moving average of $116.30. 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 for the quarter, compared to analyst estimates of $3.19 billion. VMware had a net margin of 12.65% and a return on equity of 41.24%. VMware's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. Research analysts expect that VMware will post 4.55 EPS for the current fiscal year.

Insider Transactions at VMware

In other VMware news, EVP Amy Fliegelman Olli sold 18,338 shares of the firm's stock in a transaction that occurred 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 approximately $9,629,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Amy Fliegelman Olli sold 18,338 shares of the company's stock in a transaction on 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 $9,629,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zane Rowe sold 9,148 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $129.05, for a total transaction of $1,180,549.40. Following the transaction, the chief financial officer now owns 189,117 shares in the company, valued at $24,405,548.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,369 shares of company stock valued at $5,413,470. 40.30% of the stock is currently owned by insiders.