Vmware (NYSE: VMW) has recently received a number of price target changes and ratings updates:

  • 12/3/2017 – Vmware had its price target raised by analysts at Stifel Nicolaus from $150.00 to $152.00. They now have a “buy” rating on the stock.
  • 12/1/2017 – Vmware had its price target raised by analysts at CIBC from $120.00 to $135.00. They now have an “outperform” rating on the stock.
  • 12/1/2017 – Vmware had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $135.00 price target on the stock.
  • 12/1/2017 – Vmware had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $145.00 price target on the stock.
  • 12/1/2017 – Vmware had its price target raised by analysts at Maxim Group from $113.00 to $123.00. They now have a “hold” rating on the stock.
  • 12/1/2017 – Vmware was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/1/2017 – Vmware had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $135.00. They now have an “outperform” rating on the stock.
  • 12/1/2017 – Vmware was downgraded by analysts at Drexel Hamilton from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/1/2017 – Vmware had its price target raised by analysts at Citigroup Inc. to $145.00. They now have a “buy” rating on the stock.
  • 12/1/2017 – Vmware had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $140.00 price target on the stock.
  • 12/1/2017 – Vmware was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $142.00 price target on the stock.
  • 11/30/2017 – Vmware had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $120.00 price target on the stock.
  • 11/30/2017 – Vmware had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $110.00 price target on the stock. They wrote, “We expect total revenue of around $1,960-1,980mm (+10-11% Y/Y) vs. guidance of $1,930-1,980mm and consensus of $1,965mm. EPS is likely to print toward the upper-end of guidance of $1.25-1.28 (cons: $1.28). Notably, in-line with the last few quarters, we expect some upside to consensus bookings estimates (mgmt. does not guide the metric). We think results could come in around $2,040-2,060mm (up 17-18% Y/Y) or about $40mm above consensus at the mid-point. Click here for our detailed preview and model.””
  • 11/27/2017 – Vmware had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $152.00 price target on the stock, up previously from $150.00.
  • 11/27/2017 – Vmware had its price target raised by analysts at Bank of America Corp from $125.00 to $148.00. They now have a “buy” rating on the stock.
  • 11/27/2017 – Vmware had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $136.00 price target on the stock, up previously from $114.00.
  • 11/17/2017 – Vmware had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $110.00 price target on the stock. They wrote, “We expect results toward the upper-end of revenue/profitability guidance while the full- year outlook could move modestly higher on sustained conservatism in current forecast as well as continued execution. We remain on the sidelines given our view of full valuation against secular challenges that the company faces amid a shift to the cloud. We maintain our Neutral rating and $110 PT. KeyPoints Expect results toward the upper-end of guidance range. FX was largely in- line with levels since management guided the quarter. We expect total revenue of around $1,960-1,980mm (+10-11% Y/Y) vs. guidance of $1,930-1,980mm and consensus of $1,965mm. EPS is likely to print toward the upper-end of guidance of $1.25-1.28 (cons: $1.28). Notably, in-line with the last few quarters, we expect some upside to consensus bookings estimates (mgmt. does not guide the metric). We think results could come in around $2,040-2,060mm (up 17-18% Y/Y) or about $50mm above consensus at the mid-point.””
  • 11/10/2017 – Vmware had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 11/6/2017 – Vmware had its price target raised by analysts at Barclays PLC from $130.00 to $140.00. They now have an “overweight” rating on the stock.
  • 11/2/2017 – Vmware had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $120.00 price target on the stock.
  • 10/30/2017 – Vmware was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “VMware is benefitted by robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the last reported quarter, the company unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Further, the company's latest partnership with SAP will help it benefit in the Internet of Things (IoT) market. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis.”
  • 10/25/2017 – Vmware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $134.00 price target on the stock. According to Zacks, “VMware is benefitted by robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the last reported quarter, the company unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Further, the company's latest partnership with SAP will help it benefit in the Internet of Things (IoT) market. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis.”
  • 10/17/2017 – Vmware had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/16/2017 – Vmware was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “VMware's strong results can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the last reported quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Further, the company's latest partnership with SAP will help it benefit in the Internet of Things (IoT) market. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis. However, sluggish IT spending as well as intensifying competition from Microsoft and Citrix Systems are the major concerns.”

Vmware, Inc. (VMW) opened at $121.25 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 1.98. The firm has a market capitalization of $48,474.43, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.76 and a beta of 0.67. Vmware, Inc. has a 52-week low of $77.94 and a 52-week high of $127.60.

Vmware (NYSE:VMW) last issued its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping 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 return on equity of 18.57% and a net margin of 18.97%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. analysts predict that Vmware, Inc. will post 3.77 earnings per share for the current fiscal year.

In related news, Director Egon Durban sold 435,682 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sanjay Poonen sold 2,764 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the completion of the sale, the chief operating officer now owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The disclosure for this sale can be found here. Insiders sold a total of 471,574 shares of company stock worth $51,918,711 over the last ninety days. Corporate insiders own 34.40% 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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