VMware, Inc. (VMW) Expected to Post Quarterly Sales of $2.26 Billion

Equities analysts expect VMware, Inc. (NYSE:VMW) to announce sales of $2.26 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for VMware’s earnings. The lowest sales estimate is $2.26 billion and the highest is $2.27 billion. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that VMware will report full-year sales of $2.26 billion for the current financial year, with estimates ranging from $7.87 billion to $7.89 billion. For the next year, analysts expect that the company will post sales of $8.66 billion per share, with estimates ranging from $8.60 billion to $8.76 billion. Zacks’ sales averages are an average based on a survey of research firms that cover VMware.

VMware (NYSE:VMW) last posted its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. VMware had a return on equity of 18.57% and a net margin of 18.97%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS.

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on VMware to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. They noted that the move was a valuation call. Cowen upgraded VMware from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 11th. KeyCorp upgraded VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price objective for the company in a research report on Monday, December 18th. Stifel Nicolaus boosted their price objective on VMware from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Sunday, December 3rd. Finally, CIBC boosted their price objective on VMware from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $126.20.

In other VMware news, COO Sanjay Poonen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of the company’s 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. In the last ninety days, insiders have sold 484,155 shares of company stock valued at $53,551,032. Insiders own 34.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in VMW. Franklin Resources Inc. raised its stake in shares of VMware by 16.6% during the 2nd quarter. Franklin Resources Inc. now owns 177,670 shares of the virtualization software provider’s stock worth $15,533,000 after purchasing an additional 25,262 shares in the last quarter. Amalgamated Bank raised its stake in shares of VMware by 59.5% during the 2nd quarter. Amalgamated Bank now owns 7,264 shares of the virtualization software provider’s stock worth $635,000 after purchasing an additional 2,711 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of VMware during the 2nd quarter worth approximately $191,000. Laurion Capital Management LP raised its stake in shares of VMware by 2.8% during the 2nd quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after purchasing an additional 100 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of VMware during the 2nd quarter worth approximately $223,000. Institutional investors own 22.53% of the company’s stock.

VMware (NYSE:VMW) opened at $136.04 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. VMware has a 12-month low of $81.26 and a 12-month high of $136.62. The stock has a market capitalization of $54,840.00, a PE ratio of 38.87, a PEG ratio of 3.12 and a beta of 0.67.

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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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