$2.26 Billion in Sales Expected for VMware, Inc. (VMW) This Quarter

Wall Street brokerages forecast that VMware, Inc. (NYSE:VMW) will post sales of $2.26 billion for the current fiscal quarter, Zacks 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 firm is scheduled to announce its next quarterly earnings results 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 financial 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 Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow VMware.

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

VMW has been the topic of several research reports. Barclays reiterated a “buy” rating on shares of VMware in a research report on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price target (up from $150.00) on shares of VMware in a research report on Monday, November 27th. Bank of America increased their price target on shares of VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday, October 25th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $120.00 price target on shares of VMware in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. VMware currently has an average rating of “Buy” and an average target price of $130.00.

Shares of VMware (NYSE:VMW) opened at $115.56 on Wednesday. The company has a market cap of $46,590.00, a P/E ratio of 33.02, a PEG ratio of 2.55 and a beta of 0.81. VMware has a 1 year low of $85.45 and a 1 year high of $165.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total transaction of $2,815,072.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurizio Carli sold 2,581 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. Insiders have sold 38,726 shares of company stock worth $4,774,927 in the last three months. Insiders own 34.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in VMware by 3.7% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,911 shares of the virtualization software provider’s stock worth $2,459,000 after purchasing an additional 672 shares during the period. Calton & Associates Inc. purchased a new position in VMware during the fourth quarter worth approximately $338,000. Claraphi Advisory Network LLC purchased a new position in VMware during the fourth quarter worth approximately $392,000. Columbus Macro LLC purchased a new position in VMware during the fourth quarter worth approximately $724,000. Finally, Public Employees Retirement Association of Colorado raised its stake in VMware by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 13,983 shares of the virtualization software provider’s stock worth $1,752,000 after purchasing an additional 455 shares during the period. 22.45% 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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