VMware, Inc. provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement. It also provides software-defined data center suites, including VMware vCloud suite, vSphere with Operations Management, and VMware vRealize suite for building and managing a cloud infrastructure for use with the vSphere platform. In addition, the company offers VMware Cloud Foundation, a platform that brings together its compute, storage, and networking technologies into a natively integrated stack that delivers enterprise-ready cloud infrastructure for private and public clouds; and VMware Pulse IoT Center, an Internet of Things device management and monitoring solution. Further, it provides hybrid cloud computing solutions, such as VMware Cloud Provider Program, Hybrid VMware Cloud Foundation, and VMware Cloud Services; and end-user computing solutions that enable customers to securely deliver access to applications and data for their end users from various devices. 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, Inc. is a subsidiary of Dell Technologies Inc.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
SymbolNYSE:VMW
CUSIP92856340
Phone650-427-5000
Debt
Debt-to-Equity Ratio0.54%
Current Ratio2.73%
Quick Ratio2.73%
Price-To-Earnings
Trailing P/E Ratio35.25
Forward P/E Ratio30.03
P/E Growth2.45
Sales & Book Value
Annual Sales$7.92 billion
Price / Sales6.93
Cash Flow$4.7871 per share
Price / Cash28.42
Book Value$19.26 per share
Price / Book7.06
Profitability
EPS (Most Recent Fiscal Year)$3.86
Net Income$570 million
Net Margins7.18%
Return on Equity19.84%
Return on Assets8.82%
Miscellaneous
Employees21,700
Outstanding Shares403,780,000
VMware (NYSE:VMW) Frequently Asked Questions
What is VMware's stock symbol?
VMware trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMW."
How will VMware's stock buyback program work?
VMware declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 16th 2017, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
How were VMware's earnings last quarter?
VMware (NYSE:VMW) issued its quarterly earnings data on Thursday, March, 1st. The virtualization software provider reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.62 by $0.06. The virtualization software provider earned $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. VMware had a return on equity of 19.84% and a net margin of 7.18%. The company's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. View VMware's Earnings History.
When is VMware's next earnings date?
What guidance has VMware issued on next quarter's earnings?
VMware updated its FY19 earnings guidance on Thursday, March, 1st. The company provided earnings per share guidance of $6.02 for the period, compared to the Thomson Reuters consensus estimate of $5.58. The company issued revenue guidance of +10.8% to $8.72 billion, compared to the consensus revenue estimate of $8.65 billion.VMware also updated its Q1 guidance to $1.14 EPS.
What price target have analysts set for VMW?
31 brokerages have issued 12 month price targets for VMware's shares. Their predictions range from $94.00 to $175.00. On average, they expect VMware's share price to reach $131.28 in the next year. View Analyst Ratings for VMware.
What are Wall Street analysts saying about VMware stock?
Here are some recent quotes from research analysts about VMware stock:
- 1. According to Zacks Investment Research, "VMware reported impressive fourth-quarter fiscal 2018 results. Both earnings and revenues increased on a year-over-year basis. The company is benefiting from robust performance of its product offerings like NSX, vSphere and vSAN. We believe that expanding product portfolio, partnerships with the likes of IBM, Amazon, Pivotal, and Alphabet along with continuing enterprise deal wins continue to drive growth. However, several of the growth engines that the company is relying on could take longer to yield results. Thus, heavy spending on R&D may weigh on its margins. Moreover, intensifying competition from Microsoft and Citrix Systems remains a headwind in the near term. Additionally, rumors of a reverse merger with parent Dell Technologies is expected to remain an overhang on the stock in the near term. In the past year, shares have underperformed the industry it belongs to." (3/7/2018)
- 2. Maxim Group analysts commented, "Strong license revenue results, largely as a result of booked DXC deal from October Quarter. Management maintained normalized FY19 revenue growth of up 10% y/y and well-above consensus EPS and FCF guidance, primarily due to a lower tax rate. Raising 12-month price target to $134 largely on lower tax rate, from $123. Maintaining Hold rating, especially as risks associated with a reverse merger appear material." (3/6/2018)
- 3. Mizuho analysts commented, "We see potential modest upside into the print as guidance was likely conservative and our checks suggest continued renewal activity as Dell and VMware coordinate on go-to-market. FY19 revenue outlook could move modestly higher on FX tailwinds while the upper end of the CFFO guidance could in-line with consensus (given tough compares over FY18). We remain on the sidelines on balanced risk/reward; maintain Neutral rating and $110 PT. KeyPoints Expect modest upside to guidance. FX was largely in-line with levels since mgmt. guided the quarter. We expect total revenue around $2,265-2,275mm (up 11-12% Y/Y) vs. guidance of $2,263mm and consensus of $2,265mm. License revenue could print around $1,030-1,040mm (up 16-17% Y/Y) vs. guidance and consensus of around $1,028mm. EPS guidance of $1.62 seems relatively conservative; we expect results around $1.63-1.66 (cons. $1.63). Bookings expectations seem conservative." (2/23/2018)
Who are some of VMware's key competitors?
Some companies that are related to VMware include Salesforce.com (CRM), Activision Blizzard (ATVI), Intuit (INTU), Electronic Arts (EA), Dassault Syst�mes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Symantec (SYMC), Check Point Software Technologies (CHKP), Splunk (SPLK), CA (CA), Mobileye (MBBYF), Ansys (ANSS), Citrix Systems (CTXS), Shopify (SHOP), Synopsys (SNPS) and SS&C Technologies (SSNC).
Who are VMware's key executives?
VMware's management team includes the folowing people:
- Mr. Patrick P. Gelsinger, CEO & Director (Age 57)
- Mr. Zane C. Rowe, CFO & Exec. VP (Age 47)
- Mr. Rangarajan Raghuram, Chief Operating Officer of Products & Cloud Services (Age 55)
- Mr. Sanjay J. Poonen, Chief Operating Officer of Customer Operations (Age 48)
- Dr. Rajiv Ramaswami, Chief Operating Officer of Products & Cloud Services (Age 52)
Has VMware been receiving favorable news coverage?
Media coverage about VMW stock has been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. VMware earned a media sentiment score of 0.18 on Accern's scale. They also gave news stories about the virtualization software provider an impact score of 45.93 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
How do I buy shares of VMware?
Shares of VMW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is VMware's stock price today?
One share of VMW stock can currently be purchased for approximately $136.05.
How big of a company is VMware?
VMware has a market capitalization of $54.93 billion and generates $7.92 billion in revenue each year. The virtualization software provider earns $570 million in net income (profit) each year or $3.86 on an earnings per share basis. VMware employs 21,700 workers across the globe.
How can I contact VMware?
VMware's mailing address is 3401 HILLVIEW AVENUE, PALO ALTO CA, 94304. The virtualization software provider can be reached via phone at 650-427-5000 or via email at [email protected]
MarketBeat Community Rating for VMware (VMW)
MarketBeat's community ratings are surveys of what our community members think about VMware and other stocks. Vote "Outperform" if you believe VMW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VMW will underperform the S&P 500 over the long term. You may vote once every thirty days.
VMware (NYSE:VMW) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
31 Wall Street analysts have issued ratings and price targets for VMware in the last 12 months. Their average twelve-month price target is $131.28, suggesting that the stock has a possible downside of 3.51%. The high price target for VMW is $175.00 and the low price target for VMW is $94.00. There are currently 1 sell rating, 13 hold ratings and 17 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.52 | 2.53 | 2.63 | 2.56 |
| Ratings Breakdown: | 1 Sell Rating(s)
13 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
12 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
14 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $131.28 | $131.28 | $125.16 | $113.00 |
| Price Target Upside: | 3.51% downside | 11.03% upside | 9.28% downside | 1.87% downside |
VMware (NYSE:VMW) Consensus Price Target History
VMware (NYSE:VMW) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
VMware (NYSE:VMW) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
VMware (NYSE VMW) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 34.40%
Institutional Ownership Percentage: 22.43%
VMware (NYSE VMW) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/9/2018 | Sanjay Poonen | COO | Sell | 10,000 | $129.71 | $1,297,100.00 | |  |
| 1/3/2018 | Maurizio Carli | EVP | Sell | 2,581 | $129.88 | $335,220.28 | | |
| 12/12/2017 | Rangarajan (Raghu) Raghuram | COO | Sell | 23,381 | $120.40 | $2,815,072.40 | | |
| 12/8/2017 | Sanjay Poonen | COO | Sell | 2,764 | $118.50 | $327,534.00 | 189,391 | |
| 11/2/2017 | Rajiv Ramaswami | COO | Sell | 9,747 | $118.16 | $1,151,705.52 | | |
| 11/1/2017 | Egon Durban | Director | Sell | 435,682 | $109.31 | $47,624,399.42 | | |
| 9/8/2017 | Sanjay Poonen | COO | Sell | 1,134 | $106.51 | $120,782.34 | 192,774 | |
| 9/1/2017 | P. Kevan Krysler | Insider | Sell | 13,751 | $107.69 | $1,480,845.19 | | |
| 9/1/2017 | Zane Rowe | CFO | Sell | 6,000 | $107.82 | $646,920.00 | | |
| 7/10/2017 | Rajiv Ramaswami | COO | Sell | 20,457 | $87.84 | $1,796,942.88 | 313,721 | |
| 6/5/2017 | Maurizio Carli | EVP | Sell | 11,237 | $94.66 | $1,063,694.42 | | |
| 5/5/2017 | Egon Durban | Director | Sell | 666,354 | $89.14 | $59,398,795.56 | | |
| 3/6/2017 | Sanjay Poonen | COO | Sell | 1,889 | $89.04 | $168,196.56 | 182,569 | |
| 12/8/2016 | Maurizio Carli | EVP | Sell | 12,650 | $81.14 | $1,026,421.00 | | |
| 9/8/2016 | S. Dawn Smith | VP | Sell | 977 | $73.59 | $71,897.43 | 54,653 | |
| 8/30/2016 | S. Dawn Smith | VP | Sell | 632 | $76.40 | $48,284.80 | | |
| 7/27/2016 | P. Kevan Krysler | Insider | Sell | 6,988 | $72.40 | $505,931.20 | 78,654 | |
| 5/31/2016 | Sanjay Poonen | EVP | Sell | 5,500 | $60.08 | $330,440.00 | 160,257 | |
| 5/17/2016 | S. Dawn Smith | VP | Sell | 6,910 | $59.45 | $410,799.50 | 57,209 | |
| 5/3/2016 | Maurizio Carli | EVP | Sell | 12,880 | $56.01 | $721,408.80 | 151,988 | |
| 4/26/2016 | Sanjay Poonen | EVP | Sell | 13,000 | $57.80 | $751,400.00 | 166,376 | |
| 6/3/2015 | S. Dawn Smith | VP | Sell | 248 | $89.95 | $22,307.60 | | |
| 6/1/2015 | S. Dawn Smith | VP | Sell | 661 | $87.25 | $57,672.25 | | |
| 5/22/2015 | Paul Maritz | Director | Sell | 271,757 | $87.35 | $23,737,973.95 | | |
| 5/20/2015 | Paul Maritz | Director | Sell | 169,304 | $87.72 | $14,851,346.88 | | |
| 5/19/2015 | Paul Maritz | Director | Sell | 84,652 | $87.70 | $7,423,980.40 | | |
| 5/11/2015 | Carl M Eschenbach | COO | Sell | 8,586 | $89.29 | $766,643.94 | | |
| 5/11/2015 | Rangarajan (Raghu) Raghuram | EVP | Sell | 3,125 | $88.40 | $276,250.00 | | |
| 3/9/2015 | P. Kevan Krysler | CAO | Sell | 3,211 | $85.61 | $274,893.71 | | |
| 2/25/2015 | Jonathan Chadwick | CFO | Sell | 23,260 | $83.86 | $1,950,583.60 | | |
| 2/18/2015 | Sanjay Poonen | EVP | Sell | 6,384 | $84.87 | $541,810.08 | | |
| 7/28/2014 | Rangarajan (Raghu) Raghuram | EVP | Sell | 15,857 | $97.70 | $1,549,228.90 | | |
| 6/4/2014 | Carl M Eschenbach | COO | Sell | 8,958 | $96.53 | $864,715.74 | | |
| 5/22/2014 | S. Dawn Smith | VP | Sell | 1,436 | $96.52 | $138,602.72 | | |
| 5/21/2014 | Carl Eschenbach | COO | Sell | 5,897 | $95.05 | $560,509.85 | 81,879 | |
| 3/5/2014 | Carl Eschenbach | COO | Sell | 4,095 | $102.68 | $420,474.60 | 94,213 | |
| 2/6/2014 | Carl Eschenbach | COO | Sell | 6,001 | $90.27 | $541,710.27 | 100,790 | |
| 11/13/2013 | Paul Maritz | Director | Sell | 167,555 | $80.73 | $13,526,715.15 | 36,000 | |
| 9/6/2013 | Carl M Eschenbach | COO | Sell | 4,296 | $85.44 | $367,050.24 | | |
| 5/17/2013 | Carl M Eschenbach | COO | Sell | 19,619 | $78.76 | $1,545,192.44 | | |
| 5/1/2013 | Corp Emc | Major Shareholder | Buy | 70,765 | $70.63 | $4,998,131.95 | | |
| 4/30/2013 | Corp Emc | Major Shareholder | Buy | 209,883 | $71.45 | $14,996,140.35 | | |
| 4/26/2013 | Corp Emc | Major Shareholder | Buy | 208,970 | $71.76 | $14,995,687.20 | | |
| 2/28/2013 | Corp Emc | Major Shareholder | Buy | 55,000 | $72.62 | $3,994,100.00 | | |
| 2/26/2013 | Corp Emc | Major Shareholder | Buy | 69,700 | $71.71 | $4,998,187.00 | | |
| 2/22/2013 | Corp Emc | Major Shareholder | Buy | 84,200 | $71.56 | $6,025,352.00 | | |
| 2/11/2013 | Corp Emc | Major Shareholder | Buy | 64,300 | $77.59 | $4,989,037.00 | | |
| 2/8/2013 | Corp Emc | Major Shareholder | Buy | 253,412 | $78.76 | $19,958,729.12 | | |
| 2/6/2013 | Corp Emc | Major Shareholder | Buy | 413,101 | $78.44 | $32,403,642.44 | | |
| 2/1/2013 | Corp Emc | Major Shareholder | Buy | 289,500 | $77.70 | $22,494,150.00 | | |
| 1/30/2013 | Corp Emc | Major Shareholder | Buy | 256,010 | $78.06 | $19,984,140.60 | | |
| 12/31/2012 | Corp Emc | Major Shareholder | Buy | 69,730 | $93.26 | $6,503,019.80 | | |
| 12/27/2012 | Corp Emc | Major Shareholder | Buy | 67,571 | $94.71 | $6,399,649.41 | | |
| 12/24/2012 | Corp Emc | Major Shareholder | Buy | 67,134 | $95.31 | $6,398,541.54 | | |
| 12/20/2012 | Corp Emc | Major Shareholder | Buy | 33,390 | $96.24 | $3,213,453.60 | | |
| 12/19/2012 | Corp Emc | Major Shareholder | Buy | 66,500 | $96.58 | $6,422,570.00 | | |
| 12/17/2012 | Corp Emc | Major Shareholder | Buy | 68,975 | $93.02 | $6,416,054.50 | | |
| 12/13/2012 | Corp Emc | Major Shareholder | Buy | 69,660 | $92.22 | $6,424,045.20 | | |
| 12/11/2012 | Corp Emc | Major Shareholder | Buy | 95,300 | $93.21 | $8,882,913.00 | | |
| 12/7/2012 | Corp Emc | Major Shareholder | Buy | 127,725 | $91.57 | $11,695,778.25 | | |
| 12/5/2012 | Corp Emc | Major Shareholder | Buy | 132,830 | $90.60 | $12,034,398.00 | | |
| 12/3/2012 | Corp Emc | Major Shareholder | Buy | 98,595 | $91.25 | $8,996,793.75 | | |
| 11/27/2012 | Corp Emc | Major Shareholder | Buy | 74,010 | $89.79 | $6,645,357.90 | | |
| 11/20/2012 | Corp Emc | Major Shareholder | Buy | 34,880 | $85.98 | $2,998,982.40 | | |
| 11/16/2012 | Corp Emc | Major Shareholder | Buy | 130,025 | $84.55 | $10,993,613.75 | | |
| 11/14/2012 | Corp Emc | Major Shareholder | Buy | 92,840 | $86.13 | $7,996,309.20 | | |
| 11/12/2012 | Corp Emc | Major Shareholder | Buy | 68,294 | $87.82 | $5,997,579.08 | | |
| 11/8/2012 | Corp Emc | Major Shareholder | Buy | 37,925 | $89.44 | $3,392,012.00 | | |
| 11/5/2012 | Corp Emc | Major Shareholder | Buy | 56,271 | $88.82 | $4,997,990.22 | | |
| 11/1/2012 | Corp Emc | Major Shareholder | Buy | 58,300 | $85.71 | $4,996,893.00 | | |
| 10/26/2012 | Corp Emc | Major Shareholder | Buy | 44,325 | $84.97 | $3,766,295.25 | | |
| 10/24/2012 | Corp Emc | Major Shareholder | Buy | 154,476 | $83.31 | $12,869,395.56 | | |
| 10/22/2012 | Corp Emc | Major Shareholder | Buy | 238,905 | $83.69 | $19,993,959.45 | | |
| 9/5/2012 | Corp Emc | Major Shareholder | Buy | 45,312 | $88.24 | $3,998,330.88 | | |
| 8/31/2012 | Corp Emc | Major Shareholder | Buy | 44,993 | $88.88 | $3,998,977.84 | | |
(Data available from 1/1/2013 forward)
VMware (NYSE VMW) News Headlines
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VMware (NYSE:VMW) SEC Filings
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VMware (NYSE:VMW) Income Statement, Balance Sheet and Cash Flow Statement
VMware (NYSE VMW) Stock Chart for Monday, April, 23, 2018
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