VMware, Inc. (VMW) Given Average Recommendation of “Buy” by Analysts
Shares of VMware, Inc. (NYSE:VMW) have earned an average recommendation of “Buy” from the thirty-one ratings firms that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $125.09.
A number of research analysts have recently weighed in on VMW shares. Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, October 25th. Barclays lifted their price objective on VMware from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 6th. Mizuho reaffirmed a “hold” rating and set a $110.00 price objective on shares of VMware in a research report on Friday, November 17th. Jefferies Group reaffirmed a “buy” rating and set a $140.00 price objective on shares of VMware in a research report on Friday, December 1st. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $145.00 price objective on shares of VMware in a research report on Friday, December 1st.
In other VMware news, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total value of $1,297,100.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total value of $335,220.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 484,155 shares of company stock worth $53,551,032. 34.40% of the stock is owned by insiders.
Shares of VMware (NYSE VMW) opened at $132.53 on Monday. The stock has a market capitalization of $53,427.88, a PE ratio of 38.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. VMware has a 52 week low of $81.11 and a 52 week high of $133.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% and a net margin of 18.97%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that VMware will post 3.77 earnings per share for the current year.
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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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