Analysts expect that Vmware, Inc. (NYSE:VMW) will announce $1.96 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Vmware’s earnings, with estimates ranging from $1.95 billion to $1.98 billion. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Vmware will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $7.82 billion to $7.84 billion. For the next financial year, analysts expect that the company will post sales of $8.42 billion per share, with estimates ranging from $8.22 billion to $8.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Vmware.

Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. Vmware’s quarterly revenue was up 12.2% on a year-over-year basis.

Several research analysts have weighed in on VMW shares. Berenberg Bank reissued a “hold” rating and issued a $94.00 price objective on shares of Vmware in a research report on Tuesday, August 29th. Zacks Investment Research lowered Vmware from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 target price (up from $109.00) on shares of Vmware in a research report on Friday, August 25th. BMO Capital Markets lifted their target price on Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 15th. Finally, MKM Partners reiterated a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Vmware in a research note on Monday, August 28th. Thirteen investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $112.28.

Shares of Vmware (NYSE VMW) opened at 110.60 on Wednesday. The stock has a 50 day moving average of $105.84 and a 200 day moving average of $95.41. Vmware has a one year low of $72.27 and a one year high of $112.00. The stock has a market cap of $45.23 billion, a P/E ratio of 39.81 and a beta of 0.72.

Vmware announced that its Board of Directors has initiated a stock buyback program on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, insider P. Kevan Krysler sold 13,751 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.69, for a total transaction of $1,480,845.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the transaction, the chief operating officer now owns 313,721 shares in the company, valued at $27,557,252.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,342 shares of company stock valued at $4,045,490. Corporate insiders own 0.52% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VMW. Alps Advisors Inc. lifted its position in Vmware by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock worth $463,000 after buying an additional 14 shares during the last quarter. Federated Investors Inc. PA grew its position in Vmware by 0.4% during the second quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock valued at $1,339,000 after acquiring an additional 66 shares during the last quarter. Capstone Asset Management Co. grew its position in Vmware by 2.4% during the second quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock valued at $335,000 after acquiring an additional 90 shares during the last quarter. Laurion Capital Management LP grew its position in Vmware by 2.8% during the second quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock valued at $323,000 after acquiring an additional 100 shares during the last quarter. Finally, CFO4Life Group LLC grew its position in Vmware by 2.2% during the second quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock valued at $493,000 after acquiring an additional 121 shares during the last quarter. 21.82% of the stock is currently owned by institutional investors.

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About Vmware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

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Earnings History and Estimates for Vmware (NYSE:VMW)

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