VMware (VMW) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
VMware (NYSE:VMW) posted its quarterly earnings results on Tuesday. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01, Stock Ratings News reports. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion.
VMware (NYSE:VMW) traded up 1.97% during mid-day trading on Tuesday, hitting $94.94. 3,329,173 shares of the company’s stock traded hands. VMware has a 52-week low of $64.86 and a 52-week high of $101.52. The stock’s 50-day moving average is $91.33 and its 200-day moving average is $84.20. The company has a market cap of $40.859 billion and a price-to-earnings ratio of 45.42.
VMW has been the subject of a number of recent research reports. Analysts at Global Equities Research raised their price target on shares of VMware to $120.00 in a research note to investors on Monday. On the ratings front, analysts at Barclays raised their price target on shares of VMware from $106.00 to $112.00 in a research note to investors on Thursday, January 23rd. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of VMware from $110.00 to $120.00 in a research note to investors on Thursday, January 23rd. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. VMware has an average rating of “Hold” and an average price target of $97.86.
VMware, Inc is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.
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