VMware (NYSE:VMW) announced its earnings results on Thursday. The virtualization software provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05, Bloomberg Earnings reports. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. VMware had a return on equity of 19.58% and a net margin of 15.61%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. VMware updated its FY19 guidance to approx $6.14 EPS and its Q3 guidance to approx $1.50 EPS.

Shares of VMware stock opened at $151.37 on Friday. The firm has a market cap of $62.77 billion, a PE ratio of 37.72, a P/E/G ratio of 2.56 and a beta of 0.53. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.44. VMware has a 12-month low of $102.03 and a 12-month high of $165.00.

In other news, COO Rajiv Ramaswami sold 30,000 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $142.66, for a total transaction of $4,279,800.00. Following the sale, the chief operating officer now directly owns 266,057 shares of the company’s stock, valued at $37,955,691.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 7,100 shares of the business’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $156.44, for a total value of $1,110,724.00. Following the sale, the chief financial officer now directly owns 102,458 shares in the company, valued at $16,028,529.52. The disclosure for this sale can be found here. Insiders have sold 123,739 shares of company stock worth $18,967,729 over the last ninety days. 29.90% of the stock is owned by insiders.

A number of research firms have recently commented on VMW. Zacks Investment Research downgraded VMware from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 4th. Credit Suisse Group boosted their price objective on VMware from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 21st. Oppenheimer boosted their price objective on VMware from $135.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 22nd. Mizuho reissued a “hold” rating and issued a $125.00 price objective on shares of VMware in a research note on Thursday, May 24th. Finally, Robert W. Baird reissued a “buy” rating and issued a $163.00 price objective on shares of VMware in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have assigned a buy rating to the stock. VMware presently has an average rating of “Buy” and an average target price of $149.77.

About VMware

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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