VMware (NYSE: VMW)‘s stock had its “outperform” rating reiterated by investment analysts at Cowen in a note issued to investors on Thursday.
Shares of VMware opened at 74.31 on Thursday. VMware has a 52 week low of $70.05 and a 52 week high of $118.79. The stock’s 50-day moving average is currently $79.88. The company has a market cap of $31.856 billion and a P/E ratio of 43.20.
VMware last announced its earnings results on Monday, January 28th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the 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 prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts expect that VMware will post $3.17 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of VMware in a research note to investors on Monday. Separately, 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, February 28th. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of VMware in a research note to investors on Thursday, February 28th. They set a “hold” rating on the stock.
Nineteen equities research analysts have rated the stock with a buy rating, three have assigned an overweight rating, twenty-three have assigned a hold rating, and one has given a sell rating to the company. VMware currently has a consensus rating of “overweight” and an average price target of $97.68.
VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
Here’s a real simple question to all of the so called experts out there. VMware growth has stopped, it’s laying off 900+ and they are, for all intensive purposes, a one trick pony. (They’ve tried to break out of that and have failed across the board.) How can anyone possibly justify a PE ratio of over 45?
Agree with the comment about VMware’s PE ratio. That doesn’t make a lot of sense anymore.
This just in, VMware’s CMO is leaving and there are rumors that the CEO is heading back to Intel. Sell you VMware stock now. This company is in turmoil.