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.
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