VMware (NYSE: VMW)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Monday.
The analysts wrote, “VMWare (VMW) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
A number of other firms have also recently commented on VMW. Analysts at Jefferies Group cut their price target on shares of VMware from $95.00 to $82.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of VMware in a research note to investors on Thursday. They set a “hold” rating on the stock. Finally, analysts at Citigroup upgraded shares of VMware from a “sell” rating to a “neutral” rating in a research note to investors on Monday, February 25th. They now have a $75.00 price target on the stock. They noted that the move was a valuation call.
Nineteen equities research analysts have rated the stock with a buy rating, three have assigned an overweight rating, twenty-three have issued a hold rating, and one has given a sell rating to the company’s stock. VMware has a consensus rating of “overweight” and a consensus price target of $97.68.
Shares of VMware opened at 73.55 on Monday. VMware has a one year low of $70.05 and a one year high of $118.79. The stock’s 50-day moving average is currently $81.87. The company has a market cap of $31.530 billion and a P/E ratio of 42.76.
VMware last posted its quarterly earnings results on Monday, January 28th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that VMware will post $3.17 earnings per share for the current fiscal year.
VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.
To view TheStreet’s full report, visit www.thestreetratings.com
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