Many Vmware, Inc.(VMW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Mizuho on Jan 27, 2017 to Neutral, Raises Price Target to $ 84 from a previous price target of $73 .Company shares were Reiterated by Maxim Group on Jan 27, 2017 to Hold, Raises Price Target to $ 92 from a previous price target of $83 .Company shares were Reiterated by Maxim Group on Jan 24, 2017 to Hold, Raises Price Target to $ 83 from a previous price target of $77 .VMware was Initiated by Wells Fargo to Market Perform on Jan 11, 2017.
Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Michael S Dell (director officer 10% owner (Chairman of the Board) sold 1,461,514 shares at 80.17 per share price.On Dec 12, 2016, Maurizio Carli (EVP, Worldwide Sales) sold 12,650 shares at 81.14 per share price.On Nov 21, 2016, P. Kevan Krysler (Sr. Vice President, CAO) sold 3,000 shares at 79.42 per share price.
VMware Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.40. The company had revenue of $2030.00 million for the quarter, compared to analysts expectations of $1991.52 million. The companys revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
Vmware, Inc. (NYSE:VMW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.18 by 28 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 15 Brokerage Firms have advised hold.
Vmware, Inc. (NYSE:VMW): The mean estimate for the short term price target for Vmware, Inc. (NYSE:VMW) stands at $89.24 according to 21 Analysts. The higher price target estimate for the stock has been calculated at $105 while the lower price target estimate is at $67.
Vmware, Inc. (NYSE:VMW) rose 0.28% or 0.25 points on Tuesday and made its way into the gainers of the day. After trading began at $90.25 the stock was seen hitting $90.88 as a peak level and $90.1 as the lowest level. The stock ended up at $90.62. The daily volume was measured at 922,760 shares. The 52-week high of the share price is $90.88 and the 52-week low is $45.01. The company has a market cap of $37,005 million.
VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability, backup and recovery, resource provisioning and management, capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors, resellers, x86 system vendors and systems integrators.