VMware (VMW) Announces Quarterly Earnings Results

VMware (NYSE:VMW) posted its quarterly earnings data on Thursday. The virtualization software provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.88 by $0.10, RTT News reports. VMware had a net margin of 17.03% and a return on equity of 19.62%. During the same quarter last year, the business earned $1.68 earnings per share.

Shares of VMW stock traded up $6.30 on Friday, hitting $178.11. The stock had a trading volume of 1,814,858 shares, compared to its average volume of 1,432,002. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. The company has a market capitalization of $72.14 billion, a P/E ratio of 46.14, a PEG ratio of 2.57 and a beta of 0.73. VMware has a one year low of $113.30 and a one year high of $176.66.

In other VMware news, CFO Zane Rowe sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $165.08, for a total value of $1,073,020.00. Following the completion of the transaction, the chief financial officer now directly owns 89,276 shares in the company, valued at $14,737,682.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurizio Carli sold 36,848 shares of the business’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $146.79, for a total transaction of $5,408,917.92. The disclosure for this sale can be found here. Insiders sold 124,578 shares of company stock valued at $18,885,326 over the last 90 days. 29.90% of the stock is currently owned by corporate insiders.

Several research firms have commented on VMW. Credit Suisse Group reaffirmed a “neutral” rating and set a $185.00 price objective (up from $160.00) on shares of VMware in a research note on Friday. KeyCorp reaffirmed an “overweight” rating and set a $192.00 price objective (up from $172.00) on shares of VMware in a research note on Friday. Deutsche Bank lifted their price objective on shares of VMware to $200.00 and gave the stock a “buy” rating in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $190.00 price objective (up from $173.00) on shares of VMware in a research note on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $203.00 target price on shares of VMware in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus target price of $172.78.

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VMware Company Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Earnings History for VMware (NYSE:VMW)

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