Vmware (NYSE: VMW) recently received a number of ratings updates from brokerages and research firms:

  • 8/23/2017 – Vmware had its price target raised by analysts at Royal Bank Of Canada from $113.00 to $125.00. They now have an “outperform” rating on the stock.
  • 8/22/2017 – Vmware was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock, up previously from $110.00.
  • 8/19/2017 – Vmware was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/18/2017 – Vmware had its “hold” rating reaffirmed by analysts at Evercore ISI. They now have a $95.00 price target on the stock. They wrote, “We will update our model and our price target following VMware’s earnings call on August 24 th .””
  • 8/15/2017 – Vmware had its price target raised by analysts at BMO Capital Markets from $105.00 to $110.00. They now have a “market perform” rating on the stock.
  • 8/15/2017 – Vmware had its price target raised by analysts at Deutsche Bank AG from $100.00 to $110.00. They now have a “hold” rating on the stock.
  • 8/15/2017 – Vmware had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $113.00 price target on the stock.
  • 8/14/2017 – Vmware had its price target raised by analysts at Mizuho from $90.00 to $95.00. They now have a “neutral” rating on the stock.
  • 8/14/2017 – Vmware was given a new $115.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/14/2017 – Vmware had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $104.00 price target on the stock, up previously from $98.00.
  • 8/11/2017 – Vmware had its price target raised by analysts at Citigroup Inc. from $120.00 to $124.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – Vmware was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “VMware has outperformed the  S&P 500 index on a year-to-date basis. The company continues to benefit from robust performance of its product offerings like NSX, AirWatch, vSphere and vSAN. The company's innovative product pipeline, strategic partnerships, frequent contract wins and robust international sales are expected to drive overall results.  We believe that the impressive first-quarter results and positive fiscal year guidance (up from the previous guidance) driven by expanding product portfolio, partnerships and continuing enterprise deal wins will help the stock maintain momentum in the rest of fiscal 2018. However lackluster IT spending and mounting competition are the headwinds.”
  • 7/13/2017 – Vmware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “VMware has outperformed the  S&P 500 index on a year-to-date basis. The company continues to benefit from robust performance of its product offerings like NSX, AirWatch, vSphere and vSAN. The company's innovative product pipeline, strategic partnerships, frequent contract wins and robust international sales are expected to drive overall results.  We believe that the impressive first-quarter results and positive fiscal year guidance (up from the previous guidance) driven by expanding product portfolio, partnerships and continuing enterprise deal wins will help the stock maintain momentum in the rest of fiscal 2018. However lackluster IT spending and mounting competition are the headwinds.”

Shares of Vmware, Inc. (VMW) opened at 100.39 on Thursday. The firm has a 50-day moving average price of $92.56 and a 200-day moving average price of $91.83. Vmware, Inc. has a 52-week low of $71.42 and a 52-week high of $101.00. The firm has a market cap of $41.00 billion, a price-to-earnings ratio of 36.14 and a beta of 0.77.

Vmware (NYSE:VMW) last posted its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Analysts predict that Vmware, Inc. will post $5.01 EPS for the current fiscal year.

In other Vmware news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $94.66, for a total transaction of $1,063,694.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at $27,557,252.64. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

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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